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726100.0
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2020-08-28 00:00:00 UTC
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Tech powers S&P 500 to record closing high, Dow now positive for the year
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DELL
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https://www.nasdaq.com/articles/tech-powers-sp-500-to-record-closing-high-dow-now-positive-for-the-year-2020-08-28
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nan
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nan
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By Stephen Culp
NEW YORK, Aug 28 (Reuters) - Wall Street advanced on Friday, with technology stocks driving the S&P 500 to its sixth record closing high since confirming a bull market on Aug. 18.
The Nasdaq also set an all-time closing high and the blue-chip Dow is now in positive territory year-to-date.
The S&P 500 is close to wrapping up what appears to be its best August in 34 years.
All three major U.S. stock indexes ended the week higher than last Friday's close, marking the fifth consecutive weekly gains for the S&P and the Nasdaq.
"Tech stocks have driven much of the recovery this year, but we are seeing breadth expand, which is helping indices like the Dow Jones Industrial Average,"said David Carter, chief investment officer at Lenox Wealth Advisors in New York.
Stocks extended their gains after a top aide to President Donald Trump said the president is willing to sign a $1.3 trillion coronavirus relief bill, four weeks after emergency unemployment benefits expired for millions of Americans.
Economic data released before the bell showed American consumers, who account for about 70% of the U.S. economy, increased their spending more than expected in July but the savings rate, a barometer of consumer uncertainty, remained elevated well above pre-pandemic levels.
The personal consumption expenditures (PCE) core index, which excludes food and energy, rose at a rate of 1.3% year-on-year. On Thursday, U.S. Federal Reserve Chair Jerome Powell unveiled a new monetary strategy adopting an average annual inflation target of 2%, implying the central bank could keep key interest rates near zero even if inflation rises above its target.
"(The Fed's) new-found acceptance of higher inflation suggests the recovery could continue for much longer, as will near-zero rates," Carter added.
Unofficially, the Dow Jones Industrial Average .DJI rose 160.77 points, or 0.56%, to 28,653.04, the S&P 500 .SPX gained 23.3 points, or 0.67%, to 3,507.85 and the Nasdaq Composite .IXIC added 70.30 points, or 0.6%, to 11,695.63.
Energy stocks .SPNY ended the session with largest percentage gain among the major S&P sectors after Hurricane Laura passed through the Gulf region without causing widespread damage and oil rigs and refineries began to restart operations.
United Airlines UAL.O and Coca-Cola Co KO.N rose as they prepared for cost-cutting efforts including furloughs and voluntary separations.
But tech companies continue to benefit from companies shifting to a work-from-home model.
Business software company Workday Inc WDAY.O jumped after raising its annual subscription forecast and Dell Technologies Inc DELL.N rose following its quarterly profit beat.
Walmart Inc WMT.N announced it was joining Microsoft Corp MSFT.O in its bid for TikTok's U.S. assets from Chinese owner ByteDance.
Nutanix Inc NTNX.O soared after the cloud service provider beat earnings expectations and Bain Capital invested about $750 million in the company.
(Reporting by Stephen Culp; Editing by Tom Brown)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Business software company Workday Inc WDAY.O jumped after raising its annual subscription forecast and Dell Technologies Inc DELL.N rose following its quarterly profit beat. By Stephen Culp NEW YORK, Aug 28 (Reuters) - Wall Street advanced on Friday, with technology stocks driving the S&P 500 to its sixth record closing high since confirming a bull market on Aug. 18. "Tech stocks have driven much of the recovery this year, but we are seeing breadth expand, which is helping indices like the Dow Jones Industrial Average,"said David Carter, chief investment officer at Lenox Wealth Advisors in New York.
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Business software company Workday Inc WDAY.O jumped after raising its annual subscription forecast and Dell Technologies Inc DELL.N rose following its quarterly profit beat. All three major U.S. stock indexes ended the week higher than last Friday's close, marking the fifth consecutive weekly gains for the S&P and the Nasdaq. "Tech stocks have driven much of the recovery this year, but we are seeing breadth expand, which is helping indices like the Dow Jones Industrial Average,"said David Carter, chief investment officer at Lenox Wealth Advisors in New York.
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Business software company Workday Inc WDAY.O jumped after raising its annual subscription forecast and Dell Technologies Inc DELL.N rose following its quarterly profit beat. All three major U.S. stock indexes ended the week higher than last Friday's close, marking the fifth consecutive weekly gains for the S&P and the Nasdaq. "Tech stocks have driven much of the recovery this year, but we are seeing breadth expand, which is helping indices like the Dow Jones Industrial Average,"said David Carter, chief investment officer at Lenox Wealth Advisors in New York.
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Business software company Workday Inc WDAY.O jumped after raising its annual subscription forecast and Dell Technologies Inc DELL.N rose following its quarterly profit beat. The Nasdaq also set an all-time closing high and the blue-chip Dow is now in positive territory year-to-date. The S&P 500 is close to wrapping up what appears to be its best August in 34 years.
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f01146b3-a944-46f0-a4cc-0255fc7e4e86
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726101.0
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2020-08-28 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-MGM Resorts, Afya Limited, Plantronics Inc
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DELL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-mgm-resorts-afya-limited-plantronics-inc-2020-08-28
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. .N
At 13:00 p.m. ET, the Dow Jones Industrial Average .DJI was up 0.49% at 28,632.47. The S&P 500 .SPX was up 0.41% at 3,498.99 and the Nasdaq Composite .IXIC was up 0.51% at 11,684.067. The top three S&P 500 .PG.INX percentage gainers: ** Wynn Resorts Ltd , up 6.3% ** Hp Inc , up 6.2% ** Ulta Beauty Inc , up 6% The top three S&P 500 .PL.INX percentage losers: ** Dollar Tree Inc , down 2.7% ** Abiomed Inc , down 2.7% ** Ebay Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** FTS International Inc , up 18.5% ** Harmony Gold Mining Company Ltd , up 12.9% ** Eros Intel Plc , up 12.4% The top three NYSE .PL.N percentage losers: ** Plantronics , down 14.8% ** Big Lots Inc , down 9.7% ** Bioceres Crop solutions Corp , down 8.3% The top three Nasdaq .PG.O percentage gainers: ** Nutanix Inc , up 30.3% ** Odonate Therapeutics Inc , up 22% ** Nortech Systems Inc , up 22% The top three Nasdaq .PL.O percentage losers: ** Sun Biophrma Inc , down 18.1% ** Autoweb Inc , down 13.5% ** Oncternal Therapeutics Inc , down 11% ** HP Inc HPQ.N: up 6.2%
BUZZ-Rises on Q3 results beat, PT hikes ** Dell Technologies Inc DELL.K: up 6.3%
BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 3.3% ** Barrick Gold Corp GOLD.N: up 3.3%
BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 32.2%
BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 6.3%
BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 6.0%
BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 2.5%
BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 44.1%
BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 5.3%
BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 30.3%
BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 0.4%
BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 4.3%
BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 8.6%
BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 13.0%
BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 14.8%
BUZZ-Gains after positive data on Menkes disease drug ** Enanta Pharmaceuticals Inc ENTA.O: up 3.6%
BUZZ-Up after positive data on viral infection, NASH treatment ** Hibbett Sports Inc HIBB.O: up 5.1%
BUZZ-Rises on upbeat Q2 as rivals' woes boost demand ** Veeva Systems Inc VEEV.N: up 3.4%
BUZZ-Record high as annual forecast enthuses Street ** MGM Resorts International MGM.N: up 5.3%
BUZZ-Up on report of 18,000 likely layoffs in U.S. ** Afya Limited AFYA.O: up 6.1%
BUZZ-Rises on Q2 sales beat ** Plantronics Inc PLT.N: down 14.9%
BUZZ-Slumps after Siris Capital lowers stake
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.17%
Consumer Discretionary
.SPLRCD
up 0.50%
Consumer Staples
.SPLRCS
up 0.45%
Energy
.SPNY
up 1.14%
Financial
.SPSY
up 0.44%
Health
.SPXHC
down 0.27%
Industrial
.SPLRCI
up 0.57%
Information Technology
.SPLRCT
up 0.77%
Materials
.SPLRCM
up 0.84%
Real Estate
.SPLRCR
down 0.16%
Utilities
.SPLRCU
down 0.19%
(Compiled by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Wynn Resorts Ltd , up 6.3% ** Hp Inc , up 6.2% ** Ulta Beauty Inc , up 6% The top three S&P 500 .PL.INX percentage losers: ** Dollar Tree Inc , down 2.7% ** Abiomed Inc , down 2.7% ** Ebay Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** FTS International Inc , up 18.5% ** Harmony Gold Mining Company Ltd , up 12.9% ** Eros Intel Plc , up 12.4% The top three NYSE .PL.N percentage losers: ** Plantronics , down 14.8% ** Big Lots Inc , down 9.7% ** Bioceres Crop solutions Corp , down 8.3% The top three Nasdaq .PG.O percentage gainers: ** Nutanix Inc , up 30.3% ** Odonate Therapeutics Inc , up 22% ** Nortech Systems Inc , up 22% The top three Nasdaq .PL.O percentage losers: ** Sun Biophrma Inc , down 18.1% ** Autoweb Inc , down 13.5% ** Oncternal Therapeutics Inc , down 11% ** HP Inc HPQ.N: up 6.2% BUZZ-Rises on Q3 results beat, PT hikes ** Dell Technologies Inc DELL.K: up 6.3% BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 3.3% ** Barrick Gold Corp GOLD.N: up 3.3% BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 32.2% BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 6.3% BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 6.0% BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 2.5% BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 44.1% BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 5.3% BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 30.3% BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 0.4% BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 4.3% BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 8.6% BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 13.0% BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 14.8% BUZZ-Gains after positive data on Menkes disease drug ** Enanta Pharmaceuticals Inc ENTA.O: up 3.6% BUZZ-Up after positive data on viral infection, NASH treatment ** Hibbett Sports Inc HIBB.O: up 5.1% BUZZ-Rises on upbeat Q2 as rivals' woes boost demand ** Veeva Systems Inc VEEV.N: up 3.4% BUZZ-Record high as annual forecast enthuses Street ** MGM Resorts International MGM.N: up 5.3% BUZZ-Up on report of 18,000 likely layoffs in U.S. ** Afya Limited AFYA.O: up 6.1% BUZZ-Rises on Q2 sales beat ** Plantronics Inc PLT.N: down 14.9% BUZZ-Slumps after Siris Capital lowers stake The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. down 0.19% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Wynn Resorts Ltd , up 6.3% ** Hp Inc , up 6.2% ** Ulta Beauty Inc , up 6% The top three S&P 500 .PL.INX percentage losers: ** Dollar Tree Inc , down 2.7% ** Abiomed Inc , down 2.7% ** Ebay Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** FTS International Inc , up 18.5% ** Harmony Gold Mining Company Ltd , up 12.9% ** Eros Intel Plc , up 12.4% The top three NYSE .PL.N percentage losers: ** Plantronics , down 14.8% ** Big Lots Inc , down 9.7% ** Bioceres Crop solutions Corp , down 8.3% The top three Nasdaq .PG.O percentage gainers: ** Nutanix Inc , up 30.3% ** Odonate Therapeutics Inc , up 22% ** Nortech Systems Inc , up 22% The top three Nasdaq .PL.O percentage losers: ** Sun Biophrma Inc , down 18.1% ** Autoweb Inc , down 13.5% ** Oncternal Therapeutics Inc , down 11% ** HP Inc HPQ.N: up 6.2% BUZZ-Rises on Q3 results beat, PT hikes ** Dell Technologies Inc DELL.K: up 6.3% BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 3.3% ** Barrick Gold Corp GOLD.N: up 3.3% BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 32.2% BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 6.3% BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 6.0% BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 2.5% BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 44.1% BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 5.3% BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 30.3% BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 0.4% BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 4.3% BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 8.6% BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 13.0% BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 14.8% BUZZ-Gains after positive data on Menkes disease drug ** Enanta Pharmaceuticals Inc ENTA.O: up 3.6% BUZZ-Up after positive data on viral infection, NASH treatment ** Hibbett Sports Inc HIBB.O: up 5.1% BUZZ-Rises on upbeat Q2 as rivals' woes boost demand ** Veeva Systems Inc VEEV.N: up 3.4% BUZZ-Record high as annual forecast enthuses Street ** MGM Resorts International MGM.N: up 5.3% BUZZ-Up on report of 18,000 likely layoffs in U.S. ** Afya Limited AFYA.O: up 6.1% BUZZ-Rises on Q2 sales beat ** Plantronics Inc PLT.N: down 14.9% BUZZ-Slumps after Siris Capital lowers stake The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. down 0.19% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Wynn Resorts Ltd , up 6.3% ** Hp Inc , up 6.2% ** Ulta Beauty Inc , up 6% The top three S&P 500 .PL.INX percentage losers: ** Dollar Tree Inc , down 2.7% ** Abiomed Inc , down 2.7% ** Ebay Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** FTS International Inc , up 18.5% ** Harmony Gold Mining Company Ltd , up 12.9% ** Eros Intel Plc , up 12.4% The top three NYSE .PL.N percentage losers: ** Plantronics , down 14.8% ** Big Lots Inc , down 9.7% ** Bioceres Crop solutions Corp , down 8.3% The top three Nasdaq .PG.O percentage gainers: ** Nutanix Inc , up 30.3% ** Odonate Therapeutics Inc , up 22% ** Nortech Systems Inc , up 22% The top three Nasdaq .PL.O percentage losers: ** Sun Biophrma Inc , down 18.1% ** Autoweb Inc , down 13.5% ** Oncternal Therapeutics Inc , down 11% ** HP Inc HPQ.N: up 6.2% BUZZ-Rises on Q3 results beat, PT hikes ** Dell Technologies Inc DELL.K: up 6.3% BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 3.3% ** Barrick Gold Corp GOLD.N: up 3.3% BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 32.2% BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 6.3% BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 6.0% BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 2.5% BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 44.1% BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 5.3% BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 30.3% BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 0.4% BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 4.3% BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 8.6% BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 13.0% BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 14.8% BUZZ-Gains after positive data on Menkes disease drug ** Enanta Pharmaceuticals Inc ENTA.O: up 3.6% BUZZ-Up after positive data on viral infection, NASH treatment ** Hibbett Sports Inc HIBB.O: up 5.1% BUZZ-Rises on upbeat Q2 as rivals' woes boost demand ** Veeva Systems Inc VEEV.N: up 3.4% BUZZ-Record high as annual forecast enthuses Street ** MGM Resorts International MGM.N: up 5.3% BUZZ-Up on report of 18,000 likely layoffs in U.S. ** Afya Limited AFYA.O: up 6.1% BUZZ-Rises on Q2 sales beat ** Plantronics Inc PLT.N: down 14.9% BUZZ-Slumps after Siris Capital lowers stake The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was up 0.49% at 28,632.47. up 0.17% Consumer Discretionary
|
The top three S&P 500 .PG.INX percentage gainers: ** Wynn Resorts Ltd , up 6.3% ** Hp Inc , up 6.2% ** Ulta Beauty Inc , up 6% The top three S&P 500 .PL.INX percentage losers: ** Dollar Tree Inc , down 2.7% ** Abiomed Inc , down 2.7% ** Ebay Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** FTS International Inc , up 18.5% ** Harmony Gold Mining Company Ltd , up 12.9% ** Eros Intel Plc , up 12.4% The top three NYSE .PL.N percentage losers: ** Plantronics , down 14.8% ** Big Lots Inc , down 9.7% ** Bioceres Crop solutions Corp , down 8.3% The top three Nasdaq .PG.O percentage gainers: ** Nutanix Inc , up 30.3% ** Odonate Therapeutics Inc , up 22% ** Nortech Systems Inc , up 22% The top three Nasdaq .PL.O percentage losers: ** Sun Biophrma Inc , down 18.1% ** Autoweb Inc , down 13.5% ** Oncternal Therapeutics Inc , down 11% ** HP Inc HPQ.N: up 6.2% BUZZ-Rises on Q3 results beat, PT hikes ** Dell Technologies Inc DELL.K: up 6.3% BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 3.3% ** Barrick Gold Corp GOLD.N: up 3.3% BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 32.2% BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 6.3% BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 6.0% BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 2.5% BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 44.1% BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 5.3% BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 30.3% BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 0.4% BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 4.3% BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 8.6% BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 13.0% BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 14.8% BUZZ-Gains after positive data on Menkes disease drug ** Enanta Pharmaceuticals Inc ENTA.O: up 3.6% BUZZ-Up after positive data on viral infection, NASH treatment ** Hibbett Sports Inc HIBB.O: up 5.1% BUZZ-Rises on upbeat Q2 as rivals' woes boost demand ** Veeva Systems Inc VEEV.N: up 3.4% BUZZ-Record high as annual forecast enthuses Street ** MGM Resorts International MGM.N: up 5.3% BUZZ-Up on report of 18,000 likely layoffs in U.S. ** Afya Limited AFYA.O: up 6.1% BUZZ-Rises on Q2 sales beat ** Plantronics Inc PLT.N: down 14.9% BUZZ-Slumps after Siris Capital lowers stake The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. ET, the Dow Jones Industrial Average .DJI was up 0.49% at 28,632.47.
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46c69c3d-3dd2-40de-803b-79431262dfff
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726102.0
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2020-08-28 00:00:00 UTC
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Tech stocks power S&P 500 for seventh session in a row
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DELL
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https://www.nasdaq.com/articles/tech-stocks-power-sp-500-for-seventh-session-in-a-row-2020-08-28
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nan
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nan
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By Medha Singh and Devik Jain
Aug 28 (Reuters) - The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic.
The tech sector's .SPLRCT 0.6% rise provided the biggest boost to the benchmark index. Energy stocks .SPNY advanced 1.1% as Hurricane Laura passed the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries.
"Technology has kind of become the recession play. With everybody piling in into it, the momentum is certainly on technology's side," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
"Equity markets are in kind of a risk on trade. It's a recognition that the Fed is probably not going to be touching interest rates for quite some time."
Data on Friday showed U.S. consumer spending increased more than expected in July, though momentum is likely to ebb as the pandemic lingers and fiscal stimulus dries up.
The core PCE index, the Federal Reserve's preferred inflation measure, increased 1.3% in the 12 months through July, closer to the central bank's 2% target which is now a flexible average.
The Fed on Thursday unveiled a plan to support inflation and restore the U.S. economy from its biggest downturn since the Great Depression, helping the S&P 500 and the Nasdaq scale record highs.
The benchmark index is on track for its best August in 34 years, partly powered by a rally in technology stocks, while the blue-chip Dow traded above its break-even level for 2020.
Progress in the race to develop treatments and vaccines for COVID-19 have also added to the cheer. Johnson & Johnson's JNJ.N Janssen unit said it would expand testing for its experimental coronavirus vaccine to Spain, the Netherlands and Germany next week.
Meanwhile, the U.S. election campaign entered its final stretch with U.S. President Donald Trump's Republican nomination for a second term. Analysts expect market volatility .VIX to increase again ahead of voting in November.
At 12:45 p.m. ET, the Dow Jones Industrial Average .DJI was up 124.21 points, or 0.44%, at 28,616.48, the S&P 500 .SPX was up 10.82 points, or 0.31%, at 3,495.37. The Nasdaq Composite .IXIC was up 43.94 points, or 0.38%, at 11,669.28.
Coca-Cola Co KO.N gained 2.4% as announced plans to nearly halve its operating units and offer voluntary separation to 4,000 workers.
In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 12.2% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 5.9% after reporting a quarterly profit beat.
Nutanix Inc NTNX.O jumped 28.1% after its quarterly results beat and Bain Capital invested about $750 million in the cloud service provider.
Advancing issues outnumbered decliners by a 1.79-to-1 ratio on the NYSE and by a 1.45-to-1 ratio on the Nasdaq.
The S&P index recorded 18 new 52-week highs and no new low, while the Nasdaq recorded 63 new highs and 13 new lows.
(Reporting by Medha Singh and Devik Jain in Bengaluru; Editing by Saumyadeb Chakrabarty and Maju Samuel)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 12.2% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 5.9% after reporting a quarterly profit beat. By Medha Singh and Devik Jain Aug 28 (Reuters) - The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. The core PCE index, the Federal Reserve's preferred inflation measure, increased 1.3% in the 12 months through July, closer to the central bank's 2% target which is now a flexible average.
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In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 12.2% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 5.9% after reporting a quarterly profit beat. By Medha Singh and Devik Jain Aug 28 (Reuters) - The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. The S&P index recorded 18 new 52-week highs and no new low, while the Nasdaq recorded 63 new highs and 13 new lows.
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In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 12.2% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 5.9% after reporting a quarterly profit beat. By Medha Singh and Devik Jain Aug 28 (Reuters) - The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. The benchmark index is on track for its best August in 34 years, partly powered by a rally in technology stocks, while the blue-chip Dow traded above its break-even level for 2020.
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In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 12.2% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 5.9% after reporting a quarterly profit beat. By Medha Singh and Devik Jain Aug 28 (Reuters) - The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. "Equity markets are in kind of a risk on trade.
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b82a802c-e83f-4da2-af29-bbef856e134c
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726103.0
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2020-08-28 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Enanta Pharmaceuticals, Hibbett Sports, Veeva Systems Inc
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DELL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-enanta-pharmaceuticals-hibbett-sports-veeva-systems-inc-2020
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. .N
At 11:30 a.m. ET, the Dow Jones Industrial Average .DJI was up 0.26% at 28,565.88. The S&P 500 .SPX was up 0.25% at 3,493.18 and the Nasdaq Composite .IXIC was up 0.57% at 11,691.948. The top three S&P 500 .PG.INX percentage gainers: ** MGM Resorts International , up 6.2% ** Hp Inc , up 5.7% ** Wynn Resorts Ltd , up 5.5% The top three S&P 500 .PL.INX percentage losers: ** Hologic Inc , down 2.9% ** Ebay Inc , down 2.6% ** Invesco Ltd , down 2.3% The top three NYSE .PG.N percentage gainers: ** FTS International Inc , up 14.3% ** Harmony Gold Mining Company Ltd , up 11% ** Venator Materials Plc , up 9.3% The top three NYSE .PL.N percentage losers: ** Plantronics Inc , down 16.5% ** Big Lots Inc , down 8.4% ** Retractable Technologies Inc , down 8% The top three Nasdaq .PG.O percentage gainers: ** Nortech Systems Inc , up 30.3% ** Nutanix Inc , up 29.1% ** Odonate Therapeutics Inc , up 22.3% The top three Nasdaq .PL.O percentage losers: ** Autoweb Inc , down 19.3% ** Sun Biopharma Inc , down 17.9% ** Oncternal Therapeutics Inc , down 11.4% ** HP Inc HPQ.N: up 5.7%
BUZZ-Rises on Q3 results beat, PT hikes ** AmerisourceBergen Corp ABC.N: up 0.1%
BUZZ-Drug distributors more resilient to COVID-19 than expected - Baird ** Dell Technologies Inc DELL.K: up 5.3%
BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 3.3% ** Barrick Gold Corp GOLD.N: up 3.2%
BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 51.0%
BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 4.4%
BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 5.1%
BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 1.7%
BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 42.2%
BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 4.9%
BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 29.1%
BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 1.8%
BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 5.7%
BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 9.3%
BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 11.5%
BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 8.5%
BUZZ-Gains after positive data on Menkes disease drug ** Enanta Pharmaceuticals Inc ENTA.O: up 5.9%
BUZZ-Up after positive data on viral infection, NASH treatment ** Hibbett Sports Inc HIBB.O: up 5.9%
BUZZ-Rises on upbeat Q2 as rivals' woes boost demand ** Veeva Systems Inc VEEV.N: up 3.4%
BUZZ-Record high as annual forecast enthuses Street The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.12%
Consumer Discretionary
.SPLRCD
up 0.51%
Consumer Staples
.SPLRCS
up 0.02%
Energy
.SPNY
up 0.74%
Financial
.SPSY
down 0.14%
Health
.SPXHC
down 0.29%
Industrial
.SPLRCI
up 0.06%
Information Technology
.SPLRCT
up 0.78%
Materials
.SPLRCM
up 0.31%
Real Estate
.SPLRCR
down 0.41%
Utilities
.SPLRCU
down 0.50%
(Compiled by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))
The views and 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 top three S&P 500 .PG.INX percentage gainers: ** MGM Resorts International , up 6.2% ** Hp Inc , up 5.7% ** Wynn Resorts Ltd , up 5.5% The top three S&P 500 .PL.INX percentage losers: ** Hologic Inc , down 2.9% ** Ebay Inc , down 2.6% ** Invesco Ltd , down 2.3% The top three NYSE .PG.N percentage gainers: ** FTS International Inc , up 14.3% ** Harmony Gold Mining Company Ltd , up 11% ** Venator Materials Plc , up 9.3% The top three NYSE .PL.N percentage losers: ** Plantronics Inc , down 16.5% ** Big Lots Inc , down 8.4% ** Retractable Technologies Inc , down 8% The top three Nasdaq .PG.O percentage gainers: ** Nortech Systems Inc , up 30.3% ** Nutanix Inc , up 29.1% ** Odonate Therapeutics Inc , up 22.3% The top three Nasdaq .PL.O percentage losers: ** Autoweb Inc , down 19.3% ** Sun Biopharma Inc , down 17.9% ** Oncternal Therapeutics Inc , down 11.4% ** HP Inc HPQ.N: up 5.7% BUZZ-Rises on Q3 results beat, PT hikes ** AmerisourceBergen Corp ABC.N: up 0.1% BUZZ-Drug distributors more resilient to COVID-19 than expected - Baird ** Dell Technologies Inc DELL.K: up 5.3% BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 3.3% ** Barrick Gold Corp GOLD.N: up 3.2% BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 51.0% BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 4.4% BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 5.1% BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 1.7% BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 42.2% BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 4.9% BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 29.1% BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 1.8% BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 5.7% BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 9.3% BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 11.5% BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 8.5% BUZZ-Gains after positive data on Menkes disease drug ** Enanta Pharmaceuticals Inc ENTA.O: up 5.9% BUZZ-Up after positive data on viral infection, NASH treatment ** Hibbett Sports Inc HIBB.O: up 5.9% BUZZ-Rises on upbeat Q2 as rivals' woes boost demand ** Veeva Systems Inc VEEV.N: up 3.4% BUZZ-Record high as annual forecast enthuses Street The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. down 0.50% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** MGM Resorts International , up 6.2% ** Hp Inc , up 5.7% ** Wynn Resorts Ltd , up 5.5% The top three S&P 500 .PL.INX percentage losers: ** Hologic Inc , down 2.9% ** Ebay Inc , down 2.6% ** Invesco Ltd , down 2.3% The top three NYSE .PG.N percentage gainers: ** FTS International Inc , up 14.3% ** Harmony Gold Mining Company Ltd , up 11% ** Venator Materials Plc , up 9.3% The top three NYSE .PL.N percentage losers: ** Plantronics Inc , down 16.5% ** Big Lots Inc , down 8.4% ** Retractable Technologies Inc , down 8% The top three Nasdaq .PG.O percentage gainers: ** Nortech Systems Inc , up 30.3% ** Nutanix Inc , up 29.1% ** Odonate Therapeutics Inc , up 22.3% The top three Nasdaq .PL.O percentage losers: ** Autoweb Inc , down 19.3% ** Sun Biopharma Inc , down 17.9% ** Oncternal Therapeutics Inc , down 11.4% ** HP Inc HPQ.N: up 5.7% BUZZ-Rises on Q3 results beat, PT hikes ** AmerisourceBergen Corp ABC.N: up 0.1% BUZZ-Drug distributors more resilient to COVID-19 than expected - Baird ** Dell Technologies Inc DELL.K: up 5.3% BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 3.3% ** Barrick Gold Corp GOLD.N: up 3.2% BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 51.0% BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 4.4% BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 5.1% BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 1.7% BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 42.2% BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 4.9% BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 29.1% BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 1.8% BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 5.7% BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 9.3% BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 11.5% BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 8.5% BUZZ-Gains after positive data on Menkes disease drug ** Enanta Pharmaceuticals Inc ENTA.O: up 5.9% BUZZ-Up after positive data on viral infection, NASH treatment ** Hibbett Sports Inc HIBB.O: up 5.9% BUZZ-Rises on upbeat Q2 as rivals' woes boost demand ** Veeva Systems Inc VEEV.N: up 3.4% BUZZ-Record high as annual forecast enthuses Street The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. down 0.50% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** MGM Resorts International , up 6.2% ** Hp Inc , up 5.7% ** Wynn Resorts Ltd , up 5.5% The top three S&P 500 .PL.INX percentage losers: ** Hologic Inc , down 2.9% ** Ebay Inc , down 2.6% ** Invesco Ltd , down 2.3% The top three NYSE .PG.N percentage gainers: ** FTS International Inc , up 14.3% ** Harmony Gold Mining Company Ltd , up 11% ** Venator Materials Plc , up 9.3% The top three NYSE .PL.N percentage losers: ** Plantronics Inc , down 16.5% ** Big Lots Inc , down 8.4% ** Retractable Technologies Inc , down 8% The top three Nasdaq .PG.O percentage gainers: ** Nortech Systems Inc , up 30.3% ** Nutanix Inc , up 29.1% ** Odonate Therapeutics Inc , up 22.3% The top three Nasdaq .PL.O percentage losers: ** Autoweb Inc , down 19.3% ** Sun Biopharma Inc , down 17.9% ** Oncternal Therapeutics Inc , down 11.4% ** HP Inc HPQ.N: up 5.7% BUZZ-Rises on Q3 results beat, PT hikes ** AmerisourceBergen Corp ABC.N: up 0.1% BUZZ-Drug distributors more resilient to COVID-19 than expected - Baird ** Dell Technologies Inc DELL.K: up 5.3% BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 3.3% ** Barrick Gold Corp GOLD.N: up 3.2% BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 51.0% BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 4.4% BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 5.1% BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 1.7% BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 42.2% BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 4.9% BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 29.1% BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 1.8% BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 5.7% BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 9.3% BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 11.5% BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 8.5% BUZZ-Gains after positive data on Menkes disease drug ** Enanta Pharmaceuticals Inc ENTA.O: up 5.9% BUZZ-Up after positive data on viral infection, NASH treatment ** Hibbett Sports Inc HIBB.O: up 5.9% BUZZ-Rises on upbeat Q2 as rivals' woes boost demand ** Veeva Systems Inc VEEV.N: up 3.4% BUZZ-Record high as annual forecast enthuses Street The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was up 0.26% at 28,565.88. up 0.12% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** MGM Resorts International , up 6.2% ** Hp Inc , up 5.7% ** Wynn Resorts Ltd , up 5.5% The top three S&P 500 .PL.INX percentage losers: ** Hologic Inc , down 2.9% ** Ebay Inc , down 2.6% ** Invesco Ltd , down 2.3% The top three NYSE .PG.N percentage gainers: ** FTS International Inc , up 14.3% ** Harmony Gold Mining Company Ltd , up 11% ** Venator Materials Plc , up 9.3% The top three NYSE .PL.N percentage losers: ** Plantronics Inc , down 16.5% ** Big Lots Inc , down 8.4% ** Retractable Technologies Inc , down 8% The top three Nasdaq .PG.O percentage gainers: ** Nortech Systems Inc , up 30.3% ** Nutanix Inc , up 29.1% ** Odonate Therapeutics Inc , up 22.3% The top three Nasdaq .PL.O percentage losers: ** Autoweb Inc , down 19.3% ** Sun Biopharma Inc , down 17.9% ** Oncternal Therapeutics Inc , down 11.4% ** HP Inc HPQ.N: up 5.7% BUZZ-Rises on Q3 results beat, PT hikes ** AmerisourceBergen Corp ABC.N: up 0.1% BUZZ-Drug distributors more resilient to COVID-19 than expected - Baird ** Dell Technologies Inc DELL.K: up 5.3% BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 3.3% ** Barrick Gold Corp GOLD.N: up 3.2% BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 51.0% BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 4.4% BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 5.1% BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 1.7% BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 42.2% BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 4.9% BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 29.1% BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 1.8% BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 5.7% BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 9.3% BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 11.5% BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 8.5% BUZZ-Gains after positive data on Menkes disease drug ** Enanta Pharmaceuticals Inc ENTA.O: up 5.9% BUZZ-Up after positive data on viral infection, NASH treatment ** Hibbett Sports Inc HIBB.O: up 5.9% BUZZ-Rises on upbeat Q2 as rivals' woes boost demand ** Veeva Systems Inc VEEV.N: up 3.4% BUZZ-Record high as annual forecast enthuses Street The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. ET, the Dow Jones Industrial Average .DJI was up 0.26% at 28,565.88.
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aa347d45-bbdc-4c24-bc84-b2415581bfce
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726104.0
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2020-08-28 00:00:00 UTC
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Tech stocks extend S&P 500's rally to seventh straight session
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DELL
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https://www.nasdaq.com/articles/tech-stocks-extend-sp-500s-rally-to-seventh-straight-session-2020-08-28-0
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nan
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nan
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By Medha Singh and Devik Jain
Aug 28 (Reuters) - The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic.
The tech sector's .SPLRCT 0.6% rise provided the biggest boost to the benchmark index. Energy stocks .SPNY advanced 0.8% as Hurricane Laura passed the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries.
"Technology has kind of become the recession play. With everybody piling in into it, the momentum is certainly on technology's side," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
"Equity markets are in kind of a risk on trade. It's a recognition that the Fed is probably not going to be touching interest rates for quite some time."
The Federal Reserve on Thursday unveiled a plan to support inflation and restore the U.S. economy from its biggest downturn since the Great Depression.
Data on Friday showed U.S. consumer spending increased more than expected in July, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up with no sight of the next round of a coronavirus relief package.
The S&P 500 and the Nasdaq have scaled record highs and the benchmark is on track for its best August in 34 years, partly powered by a rally in technology stocks, while the blue-chip Dow flirted with its break-even level for 2020.
Progress in the race to develop treatments and vaccines for COVID-19 have also added to the cheer. Johnson & Johnson's JNJ.N Janssen unit said it would expand testing for its experimental coronavirus vaccine to Spain, the Netherlands and Germany next week.
Meanwhile, the U.S. election campaign entered its final stretch with U.S. President Donald Trump's Republican nomination for a second term. Analysts expect market volatility .VIX to increase again ahead of voting in November.
At 11:10 a.m. ET, the Dow Jones Industrial Average .DJI was up 62.28 points, or 0.22%, at 28,554.55, the S&P 500 .SPX was up 5.92 points, or 0.17%, at 3,490.47. The Nasdaq Composite .IXIC was up 53.23 points, or 0.46%, at 11,678.57.
United Airlines UAL.O rose 2.1% as it prepared for the biggest pilot furloughs of its history, a day after announcing the need to cut 21% jobs this year.
Coca-Cola Co KO.N gained 1.4% as announced plans to nearly halve its operating units and offer voluntary separation to 4,000 workers.
In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 11.5% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 5.1% after reporting a quarterly profit beat.
Tesla Inc TSLA.O and Apple Inc AAPL.O rose 1.7% and 0.3% ahead of their stock splits that take effect on Monday.
Advancing issues outnumbered decliners by a 1.49-to-1 ratio on the NYSE and by a 1.35-to-1 ratio on the Nasdaq.
The S&P index recorded 13 new 52-week highs and no new low, while the Nasdaq recorded 59 new highs and 11 new lows.
(Reporting by Medha Singh and Devik Jain in Bengaluru; Editing by Saumyadeb Chakrabarty and Maju Samuel)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 11.5% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 5.1% after reporting a quarterly profit beat. By Medha Singh and Devik Jain Aug 28 (Reuters) - The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. Data on Friday showed U.S. consumer spending increased more than expected in July, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up with no sight of the next round of a coronavirus relief package.
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In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 11.5% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 5.1% after reporting a quarterly profit beat. By Medha Singh and Devik Jain Aug 28 (Reuters) - The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. The S&P index recorded 13 new 52-week highs and no new low, while the Nasdaq recorded 59 new highs and 11 new lows.
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In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 11.5% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 5.1% after reporting a quarterly profit beat. By Medha Singh and Devik Jain Aug 28 (Reuters) - The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. The S&P 500 and the Nasdaq have scaled record highs and the benchmark is on track for its best August in 34 years, partly powered by a rally in technology stocks, while the blue-chip Dow flirted with its break-even level for 2020.
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In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 11.5% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 5.1% after reporting a quarterly profit beat. By Medha Singh and Devik Jain Aug 28 (Reuters) - The S&P 500 rallied for the seventh straight session on Friday, powered by tech stocks, prospects of super-low interest rates for a prolonged period and hopes of a medical solution to the COVID-19 pandemic. "Technology has kind of become the recession play.
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4677b153-d554-459d-93e8-10547a6699ef
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726105.0
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2020-08-28 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Nutanix Inc, iBio Inc, Panhandle Oil & Gas, Workday Inc
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DELL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-nutanix-inc-ibio-inc-panhandle-oil-gas-workday-inc-2020-08-28
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 rose on Friday, extending a six-day rally led by technology stocks as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the COVID-19 pandemic spurred risk appetite. .N
At 10:30 a.m. ET, the Dow Jones Industrial Average .DJI was up 0.25% at 28,562.77. The S&P 500 .SPX was up 0.14% at 3,489.38 and the Nasdaq Composite .IXIC was up 0.70% at 11,706.928. The top three S&P 500 .PG.INX percentage gainers: ** Hp Inc , up 7.8% ** Ulta Beauty Inc , up 6.1% ** Western Digital Corp , up 3.9% The top three S&P 500 .PL.INX percentage losers: ** Federal Realty Investment Trust , down 2.7% ** Hologic Inc , down 2.5% ** Campbell Soup Co , down 2.4% The top three NYSE .PG.N percentage gainers: ** Harmony Gold Mining Company Ltd , up 9.4% ** Ibio Inc , up 9% ** Graf Industrial Corp , up 8.5% The top three NYSE .PL.N percentage losers: ** Plantronics Inc , down 16.7% ** Herbalife Nutrition Ltd , down 10.3% ** Yiren Digital Ltd , down 9.3% The top three Nasdaq .PG.O percentage gainers: ** Nortech Systems Inc , up 36.6% ** China Liberal Education Holdings Ltd , up 30.5% ** Nutanix Inc , up 26.6% The top three Nasdaq .PL.O percentage losers: ** Sun Biophrma Inc , down 18.1% ** Oncternal Therapeutics Inc , down 14.7% ** Autoweb Inc , down 13% ** HP Inc HPQ.N: up 7.8%
BUZZ-Rises on Q3 results beat, PT hikes ** Moderna Inc MRNA.O: up 0.5%
BUZZ-Rises over potential Japan deal for 40 mln COVID-19 vaccine doses ** Dell Technologies Inc DELL.K: up 5.6%
BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 2.8%
** Barrick Gold Corp GOLD.N: up 3.2%
BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 48.3%
BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 3.2%
BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 6.1%
BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 1.2%
BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 35.1%
BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 3.8%
BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 26.6%
BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 2.3%
BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 7.6%
BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 9.0%
BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 12.2%
BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 9.7%
BUZZ-Gains after positive data on Menkes disease drug The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.21%
Consumer Discretionary
.SPLRCD
up 0.52%
Consumer Staples
.SPLRCS
down 0.24%
Energy
.SPNY
up 0.65%
Financial
.SPSY
down 0.14%
Health
.SPXHC
down 0.42%
Industrial
.SPLRCI
up 0.05%
Information Technology
.SPLRCT
up 0.90%
Materials
.SPLRCM
up 0.25%
Real Estate
.SPLRCR
down 0.50%
Utilities
.SPLRCU
down 0.50%
(Compiled by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))
The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Hp Inc , up 7.8% ** Ulta Beauty Inc , up 6.1% ** Western Digital Corp , up 3.9% The top three S&P 500 .PL.INX percentage losers: ** Federal Realty Investment Trust , down 2.7% ** Hologic Inc , down 2.5% ** Campbell Soup Co , down 2.4% The top three NYSE .PG.N percentage gainers: ** Harmony Gold Mining Company Ltd , up 9.4% ** Ibio Inc , up 9% ** Graf Industrial Corp , up 8.5% The top three NYSE .PL.N percentage losers: ** Plantronics Inc , down 16.7% ** Herbalife Nutrition Ltd , down 10.3% ** Yiren Digital Ltd , down 9.3% The top three Nasdaq .PG.O percentage gainers: ** Nortech Systems Inc , up 36.6% ** China Liberal Education Holdings Ltd , up 30.5% ** Nutanix Inc , up 26.6% The top three Nasdaq .PL.O percentage losers: ** Sun Biophrma Inc , down 18.1% ** Oncternal Therapeutics Inc , down 14.7% ** Autoweb Inc , down 13% ** HP Inc HPQ.N: up 7.8% BUZZ-Rises on Q3 results beat, PT hikes ** Moderna Inc MRNA.O: up 0.5% BUZZ-Rises over potential Japan deal for 40 mln COVID-19 vaccine doses ** Dell Technologies Inc DELL.K: up 5.6% BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 2.8% ** Barrick Gold Corp GOLD.N: up 3.2% BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 48.3% BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 3.2% BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 6.1% BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 1.2% BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 35.1% BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 3.8% BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 26.6% BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 2.3% BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 7.6% BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 9.0% BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 12.2% BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 9.7% BUZZ-Gains after positive data on Menkes disease drug The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 rose on Friday, extending a six-day rally led by technology stocks as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the COVID-19 pandemic spurred risk appetite. down 0.50% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Hp Inc , up 7.8% ** Ulta Beauty Inc , up 6.1% ** Western Digital Corp , up 3.9% The top three S&P 500 .PL.INX percentage losers: ** Federal Realty Investment Trust , down 2.7% ** Hologic Inc , down 2.5% ** Campbell Soup Co , down 2.4% The top three NYSE .PG.N percentage gainers: ** Harmony Gold Mining Company Ltd , up 9.4% ** Ibio Inc , up 9% ** Graf Industrial Corp , up 8.5% The top three NYSE .PL.N percentage losers: ** Plantronics Inc , down 16.7% ** Herbalife Nutrition Ltd , down 10.3% ** Yiren Digital Ltd , down 9.3% The top three Nasdaq .PG.O percentage gainers: ** Nortech Systems Inc , up 36.6% ** China Liberal Education Holdings Ltd , up 30.5% ** Nutanix Inc , up 26.6% The top three Nasdaq .PL.O percentage losers: ** Sun Biophrma Inc , down 18.1% ** Oncternal Therapeutics Inc , down 14.7% ** Autoweb Inc , down 13% ** HP Inc HPQ.N: up 7.8% BUZZ-Rises on Q3 results beat, PT hikes ** Moderna Inc MRNA.O: up 0.5% BUZZ-Rises over potential Japan deal for 40 mln COVID-19 vaccine doses ** Dell Technologies Inc DELL.K: up 5.6% BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 2.8% ** Barrick Gold Corp GOLD.N: up 3.2% BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 48.3% BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 3.2% BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 6.1% BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 1.2% BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 35.1% BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 3.8% BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 26.6% BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 2.3% BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 7.6% BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 9.0% BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 12.2% BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 9.7% BUZZ-Gains after positive data on Menkes disease drug The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 rose on Friday, extending a six-day rally led by technology stocks as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the COVID-19 pandemic spurred risk appetite. down 0.50% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Hp Inc , up 7.8% ** Ulta Beauty Inc , up 6.1% ** Western Digital Corp , up 3.9% The top three S&P 500 .PL.INX percentage losers: ** Federal Realty Investment Trust , down 2.7% ** Hologic Inc , down 2.5% ** Campbell Soup Co , down 2.4% The top three NYSE .PG.N percentage gainers: ** Harmony Gold Mining Company Ltd , up 9.4% ** Ibio Inc , up 9% ** Graf Industrial Corp , up 8.5% The top three NYSE .PL.N percentage losers: ** Plantronics Inc , down 16.7% ** Herbalife Nutrition Ltd , down 10.3% ** Yiren Digital Ltd , down 9.3% The top three Nasdaq .PG.O percentage gainers: ** Nortech Systems Inc , up 36.6% ** China Liberal Education Holdings Ltd , up 30.5% ** Nutanix Inc , up 26.6% The top three Nasdaq .PL.O percentage losers: ** Sun Biophrma Inc , down 18.1% ** Oncternal Therapeutics Inc , down 14.7% ** Autoweb Inc , down 13% ** HP Inc HPQ.N: up 7.8% BUZZ-Rises on Q3 results beat, PT hikes ** Moderna Inc MRNA.O: up 0.5% BUZZ-Rises over potential Japan deal for 40 mln COVID-19 vaccine doses ** Dell Technologies Inc DELL.K: up 5.6% BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 2.8% ** Barrick Gold Corp GOLD.N: up 3.2% BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 48.3% BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 3.2% BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 6.1% BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 1.2% BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 35.1% BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 3.8% BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 26.6% BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 2.3% BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 7.6% BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 9.0% BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 12.2% BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 9.7% BUZZ-Gains after positive data on Menkes disease drug The 11 major S&P 500 sectors: Communication Services up 0.21% Consumer Discretionary up 0.52% Consumer Staples
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The top three S&P 500 .PG.INX percentage gainers: ** Hp Inc , up 7.8% ** Ulta Beauty Inc , up 6.1% ** Western Digital Corp , up 3.9% The top three S&P 500 .PL.INX percentage losers: ** Federal Realty Investment Trust , down 2.7% ** Hologic Inc , down 2.5% ** Campbell Soup Co , down 2.4% The top three NYSE .PG.N percentage gainers: ** Harmony Gold Mining Company Ltd , up 9.4% ** Ibio Inc , up 9% ** Graf Industrial Corp , up 8.5% The top three NYSE .PL.N percentage losers: ** Plantronics Inc , down 16.7% ** Herbalife Nutrition Ltd , down 10.3% ** Yiren Digital Ltd , down 9.3% The top three Nasdaq .PG.O percentage gainers: ** Nortech Systems Inc , up 36.6% ** China Liberal Education Holdings Ltd , up 30.5% ** Nutanix Inc , up 26.6% The top three Nasdaq .PL.O percentage losers: ** Sun Biophrma Inc , down 18.1% ** Oncternal Therapeutics Inc , down 14.7% ** Autoweb Inc , down 13% ** HP Inc HPQ.N: up 7.8% BUZZ-Rises on Q3 results beat, PT hikes ** Moderna Inc MRNA.O: up 0.5% BUZZ-Rises over potential Japan deal for 40 mln COVID-19 vaccine doses ** Dell Technologies Inc DELL.K: up 5.6% BUZZ-Rises after qtrly results beat, RBC upgrades ** Newmont Corp NEM.N: up 2.8% ** Barrick Gold Corp GOLD.N: up 3.2% BUZZ-Gold miners rise on weak dollar, dovish Fed stance ** Just Energy Group Inc JE.N: up 48.3% BUZZ-Surges after recapitalization plan gets approval ** Quidel Corp QDEL.O: down 3.2% BUZZ-Set to extend decline as Abbott's rapid COVID-19 test weighs ** Ulta Beauty Inc ULTA.O: up 6.1% BUZZ-Jumps on profit beat, PT raises ** Coca-Cola Co KO.N: up 1.2% BUZZ-Gains on plans to cut jobs, restructure ** PEDEVCO Corp PED.A: down 35.1% BUZZ-Falls after trustee rejects takeover proposal for Sandridge Permian ** Carnival Corp CCL.N: up 3.8% BUZZ-Rises as German unit set to resume operations in November ** Nutanix Inc NTNX.O: up 26.6% BUZZ-Jumps on $750 mln investment from Bain, Q4 revenue beat ** Tesla Inc TSLA.O: up 2.3% BUZZ-Tesla's spectacular rally leaves Wall Street targets $820 behind ** iBio Inc IBIO.A: up 7.6% BUZZ-Jumps on license agreement to develop COVID-19 therapy ** Panhandle Oil & Gas PHX.N: down 9.0% BUZZ-Drops on $6.9 mln royalty deals, discounted stock offering ** Workday Inc WDAY.O: up 12.2% BUZZ-Jumps as brokerages raise PT after Q2 beat ** Fortress Biotech Inc FBIO.O: up 9.7% BUZZ-Gains after positive data on Menkes disease drug The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 rose on Friday, extending a six-day rally led by technology stocks as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the COVID-19 pandemic spurred risk appetite. ET, the Dow Jones Industrial Average .DJI was up 0.25% at 28,562.77.
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6e4ccc3b-fd27-4595-8395-637930ad9d92
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726106.0
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2020-08-28 00:00:00 UTC
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Stock Alert: Dell Technologies Rises 5% On Upbeat Earnings
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DELL
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https://www.nasdaq.com/articles/stock-alert%3A-dell-technologies-rises-5-on-upbeat-earnings-2020-08-28
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nan
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nan
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(RTTNews) - Shares of computer hardware company Dell Technologies Inc. (DELL) are climbing more than 5% Friday morning after reporting earnings that surpassed analysts' view.
Second-quarter earnings on an adjusted basis was $1.92 per share compared with $2.15 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.39 per share.
Revenue for the quarter on an adjusted basis was $22.775 billion compared with $23.454 billion in the prior-year quarter.
During coronavirus pandemic, the company saw continued demand for remote work and learning solutions. Consumer revenue was $3.2 billion, up 18 percent, while commercial client revenue was $8.0 billion, down 11 percent.
The views and 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) - Shares of computer hardware company Dell Technologies Inc. (DELL) are climbing more than 5% Friday morning after reporting earnings that surpassed analysts' view. Analysts polled by Thomson Reuters expected the company to report earnings of $1.39 per share. During coronavirus pandemic, the company saw continued demand for remote work and learning solutions.
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(RTTNews) - Shares of computer hardware company Dell Technologies Inc. (DELL) are climbing more than 5% Friday morning after reporting earnings that surpassed analysts' view. Second-quarter earnings on an adjusted basis was $1.92 per share compared with $2.15 per share last year. Revenue for the quarter on an adjusted basis was $22.775 billion compared with $23.454 billion in the prior-year quarter.
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(RTTNews) - Shares of computer hardware company Dell Technologies Inc. (DELL) are climbing more than 5% Friday morning after reporting earnings that surpassed analysts' view. Second-quarter earnings on an adjusted basis was $1.92 per share compared with $2.15 per share last year. Revenue for the quarter on an adjusted basis was $22.775 billion compared with $23.454 billion in the prior-year quarter.
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(RTTNews) - Shares of computer hardware company Dell Technologies Inc. (DELL) are climbing more than 5% Friday morning after reporting earnings that surpassed analysts' view. Second-quarter earnings on an adjusted basis was $1.92 per share compared with $2.15 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.39 per share.
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7de4cfa8-1a43-4884-a0c0-04538c1b8078
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726107.0
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2020-08-28 00:00:00 UTC
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Tech stocks extend S&P 500's rally to seventh straight session
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DELL
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https://www.nasdaq.com/articles/tech-stocks-extend-sp-500s-rally-to-seventh-straight-session-2020-08-28
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nan
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nan
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By Medha Singh
Aug 28 (Reuters) - The S&P 500 rose on Friday, extending a six-day rally led by technology stocks as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the COVID-19 pandemic spurred risk appetite.
The tech sector's .SPLRCT 0.7% rise provided the biggest boost to the benchmark index. Energy stocks .SPNY advanced 0.6% as hurricane Laura passed the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries.
The Federal Reserve on Thursday unveiled a plan to support inflation and restore the U.S. economy from its biggest downturn since the Great Depression.
Data on Friday showed U.S. consumer spending increased more than expected in July, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up with no sight of the next round of coronavirus relief package.
"There's no question consumer spending is going to be under some stress until we get additional fiscal support," said Albert Brenner, director of asset allocation strategy at People's United Advisors in Bridgeport, Connecticut.
The S&P 500 and the Nasdaq have scaled record highs and the benchmark is on track for its best August in 34 years, partly powered by a rally in technology stocks, while the blue-chip Dow traded above the break-even level for 2020.
"We'd like to see a sort of a broadening of (stocks in the rally); that would indicate to us some greater confidence of market participants in the economic recovery," Brenner said.
Progress in the race to develop treatments and vaccines for COVID-19 have also added to the cheer. Johnson & Johnson's JNJ.N Janssen unit said it would expand testing for its experimental coronavirus vaccine to Spain, the Netherlands and Germany next week.
Meanwhile, the U.S. election campaign entered its final stretch with U.S. President Donald Trump's Republican nomination for a second term. Analysts expect market volatility .VIX to increase again ahead of voting in November.
At 9:57 a.m. ET, the Dow Jones Industrial Average .DJIwas up 77.58 points, or 0.27%, at 28,569.85, the S&P 500 .SPXwas up 8.77 points, or 0.25%, at 3,493.32. The Nasdaq Composite .IXICwas up 63.60 points, or 0.55%, at 11,688.94.
United Airlines UAL.O rose 1.9% as it prepared for the biggest pilot furloughs of its history, a day after announcing the need to cut 21% jobs this year.
Coca-Cola Co KO.N gained 0.8% as it announced plans to nearly halve its operating units and offer voluntary separation to 4,000 workers.
In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 13.2% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 6.9% after reporting a quarterly profit beat.
Advancing issues outnumbered decliners by a 2.19-to-1 ratio on the NYSE and by a 1.65-to-1 ratio on the Nasdaq.
The S&P index recorded 12 new 52-week highs and no new low, while the Nasdaq recorded 43 new highs and nine new lows.
(Reporting by Medha Singh and Devik Jain in Bengaluru; Editing by Arun Koyyur, Saumyadeb Chakrabarty and Maju Samuel)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 13.2% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 6.9% after reporting a quarterly profit beat. By Medha Singh Aug 28 (Reuters) - The S&P 500 rose on Friday, extending a six-day rally led by technology stocks as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the COVID-19 pandemic spurred risk appetite. Data on Friday showed U.S. consumer spending increased more than expected in July, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up with no sight of the next round of coronavirus relief package.
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In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 13.2% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 6.9% after reporting a quarterly profit beat. By Medha Singh Aug 28 (Reuters) - The S&P 500 rose on Friday, extending a six-day rally led by technology stocks as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the COVID-19 pandemic spurred risk appetite. Data on Friday showed U.S. consumer spending increased more than expected in July, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up with no sight of the next round of coronavirus relief package.
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In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 13.2% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 6.9% after reporting a quarterly profit beat. By Medha Singh Aug 28 (Reuters) - The S&P 500 rose on Friday, extending a six-day rally led by technology stocks as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the COVID-19 pandemic spurred risk appetite. The S&P 500 and the Nasdaq have scaled record highs and the benchmark is on track for its best August in 34 years, partly powered by a rally in technology stocks, while the blue-chip Dow traded above the break-even level for 2020.
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In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 13.2% after raising its annual subscription forecast and Dell Technologies Inc DELL.N gained 6.9% after reporting a quarterly profit beat. By Medha Singh Aug 28 (Reuters) - The S&P 500 rose on Friday, extending a six-day rally led by technology stocks as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the COVID-19 pandemic spurred risk appetite. The tech sector's .SPLRCT 0.7% rise provided the biggest boost to the benchmark index.
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d48129fd-9355-44e7-893b-47f1a0b49110
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726108.0
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2020-08-28 00:00:00 UTC
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S&P 500 on pace for fifth straight record open
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DELL
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https://www.nasdaq.com/articles/sp-500-on-pace-for-fifth-straight-record-open-2020-08-28
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nan
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nan
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By Medha Singh
Aug 28 (Reuters) - The S&P 500 was set to open at a record high on Friday for the fifth straight session as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the COVID-19 pandemic spurred risk appetite.
The Federal Reserve on Thursday unveiled a plan to support inflation and restore the U.S. economy from its biggest downturn since the Great Depression.
Data on Friday showed U.S. consumer spending increased more than expected in July, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up.
"There's no question consumer spending is going to be under some stress until we get additional fiscal support," said Albert Brenner, director of asset allocation strategy at People's United Advisors in Bridgeport, Connecticut.
U.S. lawmakers have remained deadlocked over a fifth coronavirus aid bill, with disagreements centered around extending extra jobless benefits amid soaring unemployment.
Still, the benchmark S&P 500 and the Nasdaq have scaled record highs, partly powered by a rally in technology stocks, while the blue-chip Dow briefly turned positive on the year on Thursday.
"We'd like to see a sort of a broadening of (stocks in the rally); that would indicate to us some greater confidence of market participants in the economic recovery," Brenner said.
Progress in the race to develop treatments and vaccines for COVID-19 have also added to the cheer. Johnson & Johnson's JNJ.N Janssen unit said it would expand testing for its experimental coronavirus vaccine to Spain, the Netherlands and Germany next week.
Meanwhile, the U.S. election campaign entered its final stretch with U.S. President Donald Trump's Republican nomination for a second term. Analysts expect market volatility .VIX to increase again ahead of voting in November.
At 8:59 a.m. ET, Dow e-minis 1YMcv1 were up 106 points, or 0.37%, S&P 500 e-minis EScv1 were up 7.5 points, or 0.22% and Nasdaq 100 e-minis NQcv1 were up 8 points, or 0.07%.
United Airlines UAL.O edged up 3.3% in premarket trading as it prepared for the biggest pilot furloughs of its history a day after announcing the need to cut 21% jobs this year without further U.S. government aid.
Coca-Cola Co KO.N gained 1.2% as announced plans to nearly halve its operating units and offer voluntary separation to 4,000 workers, as the beverage maker battles a hit to sales from the COVID-19 pandemic.
In the latest sign that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 9.9% after raising its annual subscription forecast.
Dell Technologies Inc DELL.N gained 3.9% after reporting quarterly profit that beat expectations as remote working and online learning boosted demand for its notebooks and software products.
Cosmetics retailer Ulta Beauty Inc ULTA.N jumped 13.2% after posting quarterly profit ahead of market expectations.
Shares of Tesla Inc TSLA.O and Apple Inc AAPL.O rose 2.8% and 0.6% ahead of their stock splits that take effect on Monday.
(Reporting by Medha Singh and Devik Jain in Bengaluru; Editing by Arun Koyyur and Saumyadeb Chakrabarty)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc DELL.N gained 3.9% after reporting quarterly profit that beat expectations as remote working and online learning boosted demand for its notebooks and software products. By Medha Singh Aug 28 (Reuters) - The S&P 500 was set to open at a record high on Friday for the fifth straight session as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the COVID-19 pandemic spurred risk appetite. "There's no question consumer spending is going to be under some stress until we get additional fiscal support," said Albert Brenner, director of asset allocation strategy at People's United Advisors in Bridgeport, Connecticut.
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Dell Technologies Inc DELL.N gained 3.9% after reporting quarterly profit that beat expectations as remote working and online learning boosted demand for its notebooks and software products. ET, Dow e-minis 1YMcv1 were up 106 points, or 0.37%, S&P 500 e-minis EScv1 were up 7.5 points, or 0.22% and Nasdaq 100 e-minis NQcv1 were up 8 points, or 0.07%. Cosmetics retailer Ulta Beauty Inc ULTA.N jumped 13.2% after posting quarterly profit ahead of market expectations.
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Dell Technologies Inc DELL.N gained 3.9% after reporting quarterly profit that beat expectations as remote working and online learning boosted demand for its notebooks and software products. Data on Friday showed U.S. consumer spending increased more than expected in July, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up. Still, the benchmark S&P 500 and the Nasdaq have scaled record highs, partly powered by a rally in technology stocks, while the blue-chip Dow briefly turned positive on the year on Thursday.
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Dell Technologies Inc DELL.N gained 3.9% after reporting quarterly profit that beat expectations as remote working and online learning boosted demand for its notebooks and software products. By Medha Singh Aug 28 (Reuters) - The S&P 500 was set to open at a record high on Friday for the fifth straight session as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the COVID-19 pandemic spurred risk appetite. Data on Friday showed U.S. consumer spending increased more than expected in July, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up.
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dce4c5e2-cfb7-4509-94db-a39a99eaddf4
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726109.0
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2020-08-28 00:00:00 UTC
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S&P 500 futures rise for seventh straight day
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DELL
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https://www.nasdaq.com/articles/sp-500-futures-rise-for-seventh-straight-day-2020-08-28
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nan
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nan
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By Medha Singh
Aug 28 (Reuters) - The S&P 500 futures rose for a seventh straight day on Friday as the prospect of super low interest rates for a prolonged period spurred risk appetite, with focus shifting to monthly personal consumption data for signs of an economic rebound.
The Federal Reserve on Thursday unveiled a plan to support inflation and restore the economy to full employment, adding to optimism from medical progress to tackle the COVID-19 pandemic.
In the previous session, the Dow briefly turned positive on the year, while the S&P 500 closed at a record level even as the U.S. economy struggles to recover from the biggest downturn since the Great Depression.
Data due at 8:30 a.m. ET is likely to show personal consumption ticked up in July even as income fell.
The S&P 500 and the Nasdaq are on track for their fifth consecutive week of gains, but the Dow is still about 3.6% from its February all-time high.
In further proof that technology companies are booming in the pandemic, business software provider Workday Inc WDAY.O jumped 11.2% in premarket trading after raising its annual subscription forecast.
Dell Technologies Inc DELL.N gained 4.5% after reporting quarterly profit that beat expectations as remote working and online learning boosted demand for its notebooks and software products.
At 6:20 a.m. ET, Dow e-minis 1YMcv1 were up 80 points, or 0.28%. S&P 500 e-minis EScv1 were up 5.25 points, or 0.15% and Nasdaq 100 e-minis NQcv1 were down 26.25 points, or 0.22%.
Cosmetics retailer Ulta Beauty Inc ULTA.N jumped 15.1% after posting quarterly profit ahead of market expectations.
(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc DELL.N gained 4.5% after reporting quarterly profit that beat expectations as remote working and online learning boosted demand for its notebooks and software products. By Medha Singh Aug 28 (Reuters) - The S&P 500 futures rose for a seventh straight day on Friday as the prospect of super low interest rates for a prolonged period spurred risk appetite, with focus shifting to monthly personal consumption data for signs of an economic rebound. In the previous session, the Dow briefly turned positive on the year, while the S&P 500 closed at a record level even as the U.S. economy struggles to recover from the biggest downturn since the Great Depression.
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Dell Technologies Inc DELL.N gained 4.5% after reporting quarterly profit that beat expectations as remote working and online learning boosted demand for its notebooks and software products. By Medha Singh Aug 28 (Reuters) - The S&P 500 futures rose for a seventh straight day on Friday as the prospect of super low interest rates for a prolonged period spurred risk appetite, with focus shifting to monthly personal consumption data for signs of an economic rebound. S&P 500 e-minis EScv1 were up 5.25 points, or 0.15% and Nasdaq 100 e-minis NQcv1 were down 26.25 points, or 0.22%.
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Dell Technologies Inc DELL.N gained 4.5% after reporting quarterly profit that beat expectations as remote working and online learning boosted demand for its notebooks and software products. By Medha Singh Aug 28 (Reuters) - The S&P 500 futures rose for a seventh straight day on Friday as the prospect of super low interest rates for a prolonged period spurred risk appetite, with focus shifting to monthly personal consumption data for signs of an economic rebound. S&P 500 e-minis EScv1 were up 5.25 points, or 0.15% and Nasdaq 100 e-minis NQcv1 were down 26.25 points, or 0.22%.
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Dell Technologies Inc DELL.N gained 4.5% after reporting quarterly profit that beat expectations as remote working and online learning boosted demand for its notebooks and software products. By Medha Singh Aug 28 (Reuters) - The S&P 500 futures rose for a seventh straight day on Friday as the prospect of super low interest rates for a prolonged period spurred risk appetite, with focus shifting to monthly personal consumption data for signs of an economic rebound. The Federal Reserve on Thursday unveiled a plan to support inflation and restore the economy to full employment, adding to optimism from medical progress to tackle the COVID-19 pandemic.
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40d92fbf-62d5-49ef-8d0d-4d0297f73fe4
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726110.0
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2020-08-27 00:00:00 UTC
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Dell Inc. Q2 adjusted earnings Beat Estimates
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DELL
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https://www.nasdaq.com/articles/dell-inc.-q2-adjusted-earnings-beat-estimates-2020-08-27
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nan
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nan
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(RTTNews) - Dell Inc. (DELL) reported earnings for second quarter that declined from the same period last year.
The company's earnings totaled $1.10 billion, or $1.37 per share. This compares with $4.23 billion, or $4.47 per share, in last year's second quarter.
Excluding items, Dell Inc. reported adjusted earnings of $1.62 billion or $1.92 per share for the period.
Analysts had expected the company to earn $1.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.9% to $22.78 billion from $23.45 billion last year.
Dell Inc. earnings at a glance:
-Earnings (Q2): $1.62 Bln. vs. $1.75 Bln. last year. -EPS (Q2): $1.92 vs. $2.15 last year. -Analysts Estimate: $1.39 -Revenue (Q2): $22.78 Bln vs. $23.45 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Excluding items, Dell Inc. reported adjusted earnings of $1.62 billion or $1.92 per share for the period. (RTTNews) - Dell Inc. (DELL) reported earnings for second quarter that declined from the same period last year. Dell Inc. earnings at a glance: -Earnings (Q2): $1.62 Bln.
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(RTTNews) - Dell Inc. (DELL) reported earnings for second quarter that declined from the same period last year. Excluding items, Dell Inc. reported adjusted earnings of $1.62 billion or $1.92 per share for the period. Dell Inc. earnings at a glance: -Earnings (Q2): $1.62 Bln.
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(RTTNews) - Dell Inc. (DELL) reported earnings for second quarter that declined from the same period last year. Excluding items, Dell Inc. reported adjusted earnings of $1.62 billion or $1.92 per share for the period. Dell Inc. earnings at a glance: -Earnings (Q2): $1.62 Bln.
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(RTTNews) - Dell Inc. (DELL) reported earnings for second quarter that declined from the same period last year. Excluding items, Dell Inc. reported adjusted earnings of $1.62 billion or $1.92 per share for the period. Dell Inc. earnings at a glance: -Earnings (Q2): $1.62 Bln.
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b543c28b-3e67-4af2-89fa-704dc87cb452
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726111.0
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2020-08-27 00:00:00 UTC
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EARNINGS-Dell's quarterly results beat estimates on remote work boost
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DELL
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https://www.nasdaq.com/articles/earnings-dells-quarterly-results-beat-estimates-on-remote-work-boost-2020-08-27
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nan
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nan
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Adds shares, profit
Aug 27 (Reuters) - Dell Technologies Inc DELL.N on Thursday posted a smaller-than-expected drop in quarterly revenue and beat profit estimates on robust demand for its notebooks and software products for remote work and online learning.
Shares of the company were up 2% in trading after the bell.
The COVID-19 pandemic has led to a rapid shift to cloud, spurring demand for products that allow organizations to carry on, even as millions of people around the globe work from home to stay safe, and schools to hold virtual classes.
Orders for Dell from the education sector jumped 24% in the second quarter ended July 31, and government orders rose 16%.
The company also saw an uptick in demand for its gaming systems, including Alienware as more people turned to gaming during stay-at-home orders.
Revenue from the company's biggest segment that includes desktop PCs, notebooks and tablets fell 4.6% to $11.20 billion, and data center sales dropped 4.8% to $8.21 billion as companies directed their spending towards remote work, Dell said.
Its software unit VMware, which has directly benefited from the shift to cloud, posted a 9.7% rise in revenue to $2.91 billion. Dell said in July it was planning to spin off its 81% stake in the unit.
The company's total revenue slid 2.7% to $22.73 billion from a year earlier, but edged past analysts' average estimate of $22.52 billion, according to IBES data from Refinitiv.
Excluding items, Dell earned $1.92 per share, beating estimates of $1.40 per share.
Net income fell to about $1.10 billion, or $1.37 per share, from $4.23 billion, or $4.47 per share.
(Reporting by Neha Malara in Bengaluru; Editing by Shinjini Ganguli)
((Neha.Malara@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3443;))
The views and 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 shares, profit Aug 27 (Reuters) - Dell Technologies Inc DELL.N on Thursday posted a smaller-than-expected drop in quarterly revenue and beat profit estimates on robust demand for its notebooks and software products for remote work and online learning. Orders for Dell from the education sector jumped 24% in the second quarter ended July 31, and government orders rose 16%. Revenue from the company's biggest segment that includes desktop PCs, notebooks and tablets fell 4.6% to $11.20 billion, and data center sales dropped 4.8% to $8.21 billion as companies directed their spending towards remote work, Dell said.
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Adds shares, profit Aug 27 (Reuters) - Dell Technologies Inc DELL.N on Thursday posted a smaller-than-expected drop in quarterly revenue and beat profit estimates on robust demand for its notebooks and software products for remote work and online learning. Revenue from the company's biggest segment that includes desktop PCs, notebooks and tablets fell 4.6% to $11.20 billion, and data center sales dropped 4.8% to $8.21 billion as companies directed their spending towards remote work, Dell said. Orders for Dell from the education sector jumped 24% in the second quarter ended July 31, and government orders rose 16%.
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Adds shares, profit Aug 27 (Reuters) - Dell Technologies Inc DELL.N on Thursday posted a smaller-than-expected drop in quarterly revenue and beat profit estimates on robust demand for its notebooks and software products for remote work and online learning. Revenue from the company's biggest segment that includes desktop PCs, notebooks and tablets fell 4.6% to $11.20 billion, and data center sales dropped 4.8% to $8.21 billion as companies directed their spending towards remote work, Dell said. Orders for Dell from the education sector jumped 24% in the second quarter ended July 31, and government orders rose 16%.
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Revenue from the company's biggest segment that includes desktop PCs, notebooks and tablets fell 4.6% to $11.20 billion, and data center sales dropped 4.8% to $8.21 billion as companies directed their spending towards remote work, Dell said. Adds shares, profit Aug 27 (Reuters) - Dell Technologies Inc DELL.N on Thursday posted a smaller-than-expected drop in quarterly revenue and beat profit estimates on robust demand for its notebooks and software products for remote work and online learning. Orders for Dell from the education sector jumped 24% in the second quarter ended July 31, and government orders rose 16%.
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05eb383f-5f6e-4d0f-92c0-75725d37960f
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726112.0
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2020-08-27 00:00:00 UTC
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After-Hours Earnings Report for August 27, 2020 : WDAY, VEEV, HPQ, OKTA, MRVL, VMW, DELL, ULTA, PAGS, OLLI, ASND, GPS
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DELL
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-august-27-2020-%3A-wday-veev-hpq-okta-mrvl-vmw-dell-ulta
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nan
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nan
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The following companies are expected to report earnings after hours on 08/27/2020. Visit our Earnings Calendar for a full list of expected earnings releases.
Workday, Inc. (WDAY) is reporting for the quarter ending July 31, 2020. The internet software company's consensus earnings per share forecast from the 20 analysts that follow the stock is $-0.12. This value represents a 68.42% increase compared to the same quarter last year. Veeva Systems Inc. (VEEV) is reporting for the quarter ending July 31, 2020. The internet software company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.46. This value represents a 12.20% increase compared to the same quarter last year. VEEV missed the consensus earnings per share in the 1st calendar quarter of 2020 by -5.26%. HP Inc. (HPQ) is reporting for the quarter ending July 31, 2020. The computer company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.44. This value represents a 24.14% decrease compared to the same quarter last year. In the past year HPQ has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 15.91%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for HPQ is 8.73 vs. an industry ratio of 11.20.
Okta, Inc. (OKTA) is reporting for the quarter ending July 31, 2020. The internet software company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.34. This value represents a 6.25% decrease compared to the same quarter last year. In the past year OKTA has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for OKTA is -148.44 vs. an industry ratio of -2.10.
Marvell Technology Group Ltd. (MRVL) is reporting for the quarter ending July 31, 2020. The telecommunications equipment company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.10. This value represents a 42.86% increase compared to the same quarter last year. In the past year MRVL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for MRVL is 63.59 vs. an industry ratio of -6.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Vmware, Inc. (VMW) is reporting for the quarter ending July 31, 2020. The computer software company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.90. This value represents a 23.73% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for VMW is 37.99 vs. an industry ratio of 40.40.
Dell Technologies Inc. (DELL) is reporting for the quarter ending July 31, 2020. The information technology services company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.47. This value represents a 22.22% decrease compared to the same quarter last year. In the past year DELL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DELL is 11.51 vs. an industry ratio of 4.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Ulta Beauty, Inc. (ULTA) is reporting for the quarter ending July 31, 2020. The retail company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.15. This value represents a 94.57% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ULTA is 50.17 vs. an industry ratio of 22.80, implying that they will have a higher earnings growth than their competitors in the same industry.
PagSeguro Digital Ltd. (PAGS) is reporting for the quarter ending June 30, 2020. The financial transactions company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.18. This value represents a 33.33% decrease compared to the same quarter last year. PAGS missed the consensus earnings per share in the 4th calendar quarter of 2019 by -6.25%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for PAGS is 51.38 vs. an industry ratio of 30.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Ollie's Bargain Outlet Holdings, Inc. (OLLI) is reporting for the quarter ending July 31, 2020. The consumer company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.86. This value represents a 145.71% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2021 Price to Earnings ratio for OLLI is 39.26 vs. an industry ratio of 44.30.
Ascendis Pharma A/S (ASND) is reporting for the quarter ending June 30, 2020. The biomedical (gene) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-1.66. This value represents a 18.57% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 13 days. Zacks Investment Research reports that the 2020 Price to Earnings ratio for ASND is -21.56 vs. an industry ratio of -19.70.
Gap, Inc. (GPS) is reporting for the quarter ending July 31, 2020. The retail (shoe) company's consensus earnings per share forecast from the 11 analysts that follow the stock is $-0.36. This value represents a 157.14% decrease compared to the same quarter last year. GPS missed the consensus earnings per share in the 2nd calendar quarter of 2020 by -286.15%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for GPS is -7.10 vs. an industry ratio of 20.70.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc. (DELL) is reporting for the quarter ending July 31, 2020. In the past year DELL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DELL is 11.51 vs. an industry ratio of 4.30, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2021 Price to Earnings ratio for DELL is 11.51 vs. an industry ratio of 4.30, implying that they will have a higher earnings growth than their competitors in the same industry. Dell Technologies Inc. (DELL) is reporting for the quarter ending July 31, 2020. In the past year DELL has met analyst expectations once and beat the expectations the other three quarters.
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Zacks Investment Research reports that the 2021 Price to Earnings ratio for DELL is 11.51 vs. an industry ratio of 4.30, implying that they will have a higher earnings growth than their competitors in the same industry. Dell Technologies Inc. (DELL) is reporting for the quarter ending July 31, 2020. In the past year DELL has met analyst expectations once and beat the expectations the other three quarters.
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Dell Technologies Inc. (DELL) is reporting for the quarter ending July 31, 2020. In the past year DELL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DELL is 11.51 vs. an industry ratio of 4.30, implying that they will have a higher earnings growth than their competitors in the same industry.
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fdfda8ac-c575-426d-9a5d-37a6e46e5b68
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726113.0
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2020-08-27 00:00:00 UTC
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EARNINGS-Dell quarterly revenue edges past estimates on remote work boost
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DELL
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https://www.nasdaq.com/articles/earnings-dell-quarterly-revenue-edges-past-estimates-on-remote-work-boost-2020-08-27
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nan
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nan
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Aug 27 (Reuters) - Dell Technologies Inc DELL.N posted a smaller-than-expected drop in quarterly revenue on Thursday, as weakness in its data center segment was cushioned by robust demand for its notebooks and software products for remote work and online learning.
The COVID-19 pandemic has led to a rapid shift to cloud, spurring demand for products that allow organizations to carry on, even as millions of people around the globe work from home to stay safe, and schools to hold virtual classes.
Orders for Dell from the education sector jumped 24% in the second quarter ended July 31, and government orders rose 16%.
The company also saw an uptick in demand for its gaming systems, including Alienware as more people turned to gaming during stay-at-home orders.
Revenue from the company's biggest segment that includes desktop PCs, notebooks and tablets fell 4.6% to $11.20 billion, and data center sales dropped 4.8% to $8.21 billion as companies directed their spending towards remote work, Dell said.
Its software unit VMware, which has directly benefited from the shift to cloud, posted a 9.7% rise in revenue to $2.91 billion. Dell said in July it was planning to spin off its 81% stake in the unit.
The company's total revenue slid 2.7% to $22.73 billion from a year earlier, but edged past analysts' average estimate of $22.52 billion, according to IBES data from Refinitiv.
Net income fell to about $1.10 billion, or $1.37 per share, from $4.23 billion, or $4.47 per share.
(Reporting by Neha Malara in Bengaluru; Editing by Shinjini Ganguli)
((Neha.Malara@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3443;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 27 (Reuters) - Dell Technologies Inc DELL.N posted a smaller-than-expected drop in quarterly revenue on Thursday, as weakness in its data center segment was cushioned by robust demand for its notebooks and software products for remote work and online learning. Orders for Dell from the education sector jumped 24% in the second quarter ended July 31, and government orders rose 16%. Revenue from the company's biggest segment that includes desktop PCs, notebooks and tablets fell 4.6% to $11.20 billion, and data center sales dropped 4.8% to $8.21 billion as companies directed their spending towards remote work, Dell said.
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Aug 27 (Reuters) - Dell Technologies Inc DELL.N posted a smaller-than-expected drop in quarterly revenue on Thursday, as weakness in its data center segment was cushioned by robust demand for its notebooks and software products for remote work and online learning. Revenue from the company's biggest segment that includes desktop PCs, notebooks and tablets fell 4.6% to $11.20 billion, and data center sales dropped 4.8% to $8.21 billion as companies directed their spending towards remote work, Dell said. Orders for Dell from the education sector jumped 24% in the second quarter ended July 31, and government orders rose 16%.
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Aug 27 (Reuters) - Dell Technologies Inc DELL.N posted a smaller-than-expected drop in quarterly revenue on Thursday, as weakness in its data center segment was cushioned by robust demand for its notebooks and software products for remote work and online learning. Revenue from the company's biggest segment that includes desktop PCs, notebooks and tablets fell 4.6% to $11.20 billion, and data center sales dropped 4.8% to $8.21 billion as companies directed their spending towards remote work, Dell said. Orders for Dell from the education sector jumped 24% in the second quarter ended July 31, and government orders rose 16%.
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Orders for Dell from the education sector jumped 24% in the second quarter ended July 31, and government orders rose 16%. Revenue from the company's biggest segment that includes desktop PCs, notebooks and tablets fell 4.6% to $11.20 billion, and data center sales dropped 4.8% to $8.21 billion as companies directed their spending towards remote work, Dell said. Aug 27 (Reuters) - Dell Technologies Inc DELL.N posted a smaller-than-expected drop in quarterly revenue on Thursday, as weakness in its data center segment was cushioned by robust demand for its notebooks and software products for remote work and online learning.
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37ed09ab-6276-4732-a635-2e7e7641ce83
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726114.0
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2020-08-25 00:00:00 UTC
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Why the Future is Expanding For Wireless IP Companies
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DELL
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https://www.nasdaq.com/articles/why-the-future-is-expanding-for-wireless-ip-companies-2020-08-25
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nan
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nan
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I
n the days of yore, people picked up a telephone (you remember actually talking over the telephone?) and simply made a call by entering a phone number on the touchtone pad and voila -- a telephonic connection began. With the development of the first mobile networks and phones, phone calling became portable, and basic texting emerged (anyone else remember texting using the "T9" approach?).
As mobile technologies and computing powered evolved, and their costs curves matured as the cost of transmission and storage of data continually fell, mobile phones gained new capabilities which in turn spurred demand for more advanced capabilities and services. In July 2008 Apple (AAPL) debuted its 3G iPhone and the iPhone App Store, and it’s fair to say we haven’t looked back as these devices and apps have increasingly become an integral part of our daily lives as we text, video chat, shop, send pictures, bank, and just about any/everything else.
5G will not only expand the market for RF semiconductor companies, but it will open up new markets for companies seeking to monetize their wireless IP patent portfolio.
Science fiction author Arthur C. Clarke is often quoted as saying "Any sufficiently advanced technology is indistinguishable from magic." To make all the "magic" of modern telecommunication a reality requires not only mobile networks and devices but also all of the chips that make them work and provide connectivity. Underneath it all, companies have made enormous investments in developing and manufacturing core wireless communications technologies and when we dig deep enough, we find that at the heart of this mobile disruption is a series of technological innovations in wireless technology standards.
It’s these protocols that allow for networks and devices to function as firms can only develop standards-compliant products. Products incorporating these wireless standards include mobile devices, such as cellular phones, tablets, notebook computers, and wireless personal digital assistants; wireless infrastructure equipment, such as base stations; components, dongles and modules for wireless devices; and Internet of Things (IoT) devices and software platforms.
Because of the nature of how these wireless standards are developed, not to mention the market opportunity to be had, a wide variety of companies both collaborate and compete with one another to develop these common wireless technology standards. Arguably the holy grail in developing new wireless technology standards, such as 4G LTE or now 5G and eventually 6G, is for a firm to develop “essential patents” that are core to the technology. As mobile operators and device companies build out networks and devices, the value tied to those essential patents increases.
Some companies develop these technologies for in-house use, while some look to license their intellectual property to others so as to monetize their investment, and there are others that look to do both. Examples of such companies run the gamut from Qualcomm (QCOM), InterDigital (IDCC), and Nokia (NOK), while others either through internal development or the acquisition of IP include Samsung (OO5930:KS), LG Electronics (066570:KS), Apple, Alphabet (GOOGL), Ericsson (ERIC), Alcatel Lucent, Huawei, ZTE Corp. (000063:CH), and Intel (INTC) among others. Those, such as Qualcomm, InterDigital, and others that look to monetize their patent portfolio strive to enter license agreements, primarily with device manufacturers on a variable royalty basis, while others are structured on a fixed-fee basis or a combination between the two.
As the most recent InterDigital 10-K spells out, a fixed fee agreement “can include paid-up licenses for a period of time, for a class of products, for a number of products sold, under certain patents or patent claims, for sales in certain countries or a combination thereof. Licenses become paid-up based on the payment of fixed amounts or after the payment of royalties for a term.”
A variable agreement depends on the sales of products incorporating or using a company’s licensed intellectual property with such royalties generally based upon a percentage of the wholesale selling price. Some, such as Qualcomm, provide per-unit royalty caps that apply to certain categories of complete wireless devices, namely smartphones, tablets, laptops, and smartwatches, and provide for a maximum royalty amount payable per device.
From an investor perspective, this IP licensing business model is not very capital intensive but is highly lucrative given the substantial margins associated with it. For example, the operating margins associated with Qualcomm’s licensing business ranged from 64% to 80% over the 2017-2019 period, comprising more than half of the company’s overall operating profit during that period. In the first half of this year, Nokia’s Nokia Technologies operating margin was 83%, flat with the same period of 2019, and the business generated 64% of Nokia’s operating profit for the first six months of 2020.
As a result, we’ve seen IP licensors look to expand their IP war chest through acquisitions, while in some cases licensees have are looking to shore up their IP position and minimize the licensing fees they are paying. Perhaps the greatest example of the latter was had in 2011 when a consortium Apple, BlackBerry (BB), Microsoft (MSFT), Ericsson, Sony (SNE), and EMC, which is now owned by Dell Technologies (DELL), agreed to buy more than 6,000 patents covering key telecommunications technologies, from Internet services to wireless data networking from bankrupt Nortel Corp. for $4.5 billion.
Here’s the thing, 5G mobile technology is poised to dramatically expand the addressable market for mobile technology beyond its primary volume market that is smartphones. Some examples include connected vehicles (telematics, in-vehicle entertainment, semi-and autonomous driving), smart grid management, public video surveillance and security, VR and cloud gaming, and other industrial applications. This in turn opens up new markets for wireless IP licensing business models and augments existing revenue streams for wireless IP licensors.
As one might expect, one of the hurdles, particularly as these new markets go online, is the negotiation process between the IP licensor and prospective licensees that may be utilizing the licensors technologies and patents. In some cases, negotiations may be straightforward, while in others they can become quite contentious and lead to litigation.
For example, in 2018 Broadcom (AVGO) settled out of court with Volkswagen AG (VLKAY), ending a billion-dollar patent lawsuit that centered on 18 of Broadcom’s patents that Volkswagen used in the navigation and entertainment systems for several of its car models.
More recently Nokia, won a court ruling in a patent dispute with Daimler AG (DDAIF), with the court ruling in favor of Nokia because Daimler wasn’t willing to abide by existing rule for so-called essential patents. We agree that the court’s ruling goes to the heart of how technology must be licensed for mobile-telecommunication systems that are standard features in most modern cars. We also suspect Daimler will likely appeal, and that ultimately some deal between the two companies will be struck.
Given the implications for not only incremental revenue streams for the IP licensor but also at least a nudge higher in costs for the licensee, investors should continue to follow these and other wireless IP licensing developments, particularly since the impact is likely to ripple across the growing array of connected devices affecting margins for licensors and licensees. In our experience, expanding addressable markets and rich margins tend to drive improving revenue, earnings cash flow and stock prices.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Perhaps the greatest example of the latter was had in 2011 when a consortium Apple, BlackBerry (BB), Microsoft (MSFT), Ericsson, Sony (SNE), and EMC, which is now owned by Dell Technologies (DELL), agreed to buy more than 6,000 patents covering key telecommunications technologies, from Internet services to wireless data networking from bankrupt Nortel Corp. for $4.5 billion. Examples of such companies run the gamut from Qualcomm (QCOM), InterDigital (IDCC), and Nokia (NOK), while others either through internal development or the acquisition of IP include Samsung (OO5930:KS), LG Electronics (066570:KS), Apple, Alphabet (GOOGL), Ericsson (ERIC), Alcatel Lucent, Huawei, ZTE Corp. (000063:CH), and Intel (INTC) among others. Some examples include connected vehicles (telematics, in-vehicle entertainment, semi-and autonomous driving), smart grid management, public video surveillance and security, VR and cloud gaming, and other industrial applications.
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Perhaps the greatest example of the latter was had in 2011 when a consortium Apple, BlackBerry (BB), Microsoft (MSFT), Ericsson, Sony (SNE), and EMC, which is now owned by Dell Technologies (DELL), agreed to buy more than 6,000 patents covering key telecommunications technologies, from Internet services to wireless data networking from bankrupt Nortel Corp. for $4.5 billion. Products incorporating these wireless standards include mobile devices, such as cellular phones, tablets, notebook computers, and wireless personal digital assistants; wireless infrastructure equipment, such as base stations; components, dongles and modules for wireless devices; and Internet of Things (IoT) devices and software platforms. Licenses become paid-up based on the payment of fixed amounts or after the payment of royalties for a term.” A variable agreement depends on the sales of products incorporating or using a company’s licensed intellectual property with such royalties generally based upon a percentage of the wholesale selling price.
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Perhaps the greatest example of the latter was had in 2011 when a consortium Apple, BlackBerry (BB), Microsoft (MSFT), Ericsson, Sony (SNE), and EMC, which is now owned by Dell Technologies (DELL), agreed to buy more than 6,000 patents covering key telecommunications technologies, from Internet services to wireless data networking from bankrupt Nortel Corp. for $4.5 billion. Underneath it all, companies have made enormous investments in developing and manufacturing core wireless communications technologies and when we dig deep enough, we find that at the heart of this mobile disruption is a series of technological innovations in wireless technology standards. Products incorporating these wireless standards include mobile devices, such as cellular phones, tablets, notebook computers, and wireless personal digital assistants; wireless infrastructure equipment, such as base stations; components, dongles and modules for wireless devices; and Internet of Things (IoT) devices and software platforms.
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Perhaps the greatest example of the latter was had in 2011 when a consortium Apple, BlackBerry (BB), Microsoft (MSFT), Ericsson, Sony (SNE), and EMC, which is now owned by Dell Technologies (DELL), agreed to buy more than 6,000 patents covering key telecommunications technologies, from Internet services to wireless data networking from bankrupt Nortel Corp. for $4.5 billion. 5G will not only expand the market for RF semiconductor companies, but it will open up new markets for companies seeking to monetize their wireless IP patent portfolio. More recently Nokia, won a court ruling in a patent dispute with Daimler AG (DDAIF), with the court ruling in favor of Nokia because Daimler wasn’t willing to abide by existing rule for so-called essential patents.
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634cbbe2-4c5f-4bf7-9042-0e723c54c685
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726115.0
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2020-08-25 00:00:00 UTC
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7 Value Stocks to Buy For Growth and Peace of Mind
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DELL
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https://www.nasdaq.com/articles/7-value-stocks-to-buy-for-growth-and-peace-of-mind-2020-08-25
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
This has been a banner year for growth stocks, to put it mildly. With the novel coronavirus serving as tailwind, rather than headwind, for big tech and e-commerce, these already richly-priced stocks now command even higher valuations. And even with a tough underlying economic environment, speculators keep betting on the future by buying electric vehicle and other megatrend stocks to new highs.
Where does that leave investors? Do you risk buying the top in the aforementioned “hot stocks?” Or do you go against the grain and buy stocks hard-hit by the pandemic, hoping for big gains on recovery?
It’s a tough choice between paying too much for what’s “hot,” and taking a risky contrarian position in what’s “not.” But how about something in the middle? That is to say, companies that aren’t having salad days right now, but aren’t racing to Washington for a bailout, either.
10 Growth Stocks That Could Seriously Double
Running the gamut from industrial conglomerates to telecom giants, here are seven value stocks to buy for peace of mind:
AmerisourceBergen (NYSE:ABC)
Dell Technologies (NYSE:DELL)
Intel (NASDAQ:INTC)
3M (NYSE:MMM)
PPL Corporation (NYSE:PPL)
Verizon Communications (NYSE:VZ)
ViacomCBS (NYSE:VIAC)
These names cover a wide range of industries. But all of them currently trade at forward price-to-earnings (P/E) ratios well below the S&P 500’s (NYSEARCA:SPY) current forward P/E (around 22x).
Value Stocks to Buy: AmerisourceBergen (ABC)
Source: Iryna Imago / Shutterstock.com
With the pandemic top-of-mind, healthcare companies have performed solidly in the stock market recovery. But that doesn’t mean names like this pharmaceutical distributor have rallied to frothy valuations. Trading at just 12.5 times forward earnings, shares in AmerisourceBergen remain reasonably priced.
Granted, the company’s exposure to the opioid crisis may explain why investors aren’t willing to give ABC stock a higher multiple. With U.S. states pushing for a settlement of over $26.4 billion between several distributors and manufacturers, this company’s exposure could be in the billions.
Yet this bad news may already be more than priced-in. Further, JPMorgan’s Lisa Gill sees the latest development as a “favorable outcome.” How so? In her view, the exposed companies should see their shares “react positively” upon the final outcome, with the settlement helping to “put the uncertainty behind.”
Without opioid litigation hanging over its head, shares could move even higher. And while rival McKesson (NYSE:MCK) may see the biggest tailwind from coronavirus vaccine distribution, there may be opportunity for this company as well.
A boring company in an age of flashy “hot” stocks, consider value play ABC stock a buy.
Dell Technologies (DELL)
DELL) Technologies Display and Logo" width="300" height="169">
Source: Jonathan Weiss / Shutterstock.com
Dell has come a long way from the “Dude, you’re getting a Dell!” commercials of the early 2000s. Firstly, with its majority stake in VMWare (NYSE:VMW), this company is more than just the PC maker you remember from back in the day. In fact, rumors about the company’s plans with VMWare (either a spinoff or a buyout) has been a major catalyst as of late.
That’s not to say the legacy computer business segment hasn’t fared well. The “stay-at-home” economy has provided some benefit to this company. But even with these positives, Wall Street continues to give shares a rock-bottom valuation.
At just 10.6 times forward earnings, you could call this a “deep value stock.” Sure, as is the case with rivals like HP Enterprise (NYSE:HPE), tepid growth has been the main reason behind a low valuation. But while DELL stock has rallied since the March sell-off, multiple expansion could still be in the cards.
10 Growth Stocks That Could Seriously Double
Whether via its rumored spinoff of VMWare, or another strategic move to realize underlying value, there’s much potential here. Consider shares a buy at today’s prices (around $60 per share).
Intel (INTC)
Source: Sundry Photography / Shutterstock.com
When talking about semiconductor stocks, it’s all about Advanced Micro Devices (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA) right now. But while Intel has fallen behind its main rivals, there’s still ample opportunity at today’s prices.
Right now, INTC stock changes hands at a low forward P/E of 10.2. Granted, this low multiple takes into account the company’s anemic growth relative to its high-flying peers. As our own Dana Blakenhorn wrote August 11, the once innovative chip-maker is facing supply issues, having to outsource manufacturing to Taiwan Semiconductor (NYSE:TSM).
Meanwhile, its aforementioned rivals are charging ahead, putting the once-dominant Intel in a compromising position. Wall Street knows this full well, so the many risks with the company are more than priced into shares, especially at today’s valuation.
And while organic growth isn’t Intel’s strength, the company is doing what it can to deliver shareholder value. Whether that’s via the dividend (forward yield of 2.68%) or a recently-announced share buyback, INTC stock could bounce back from today’s low prices (under $50 per share) back up to prior price levels (above $60 per share).
With the worst priced-in, and the potential for shares to rally on an ounce of improvement, Intel is a value play in a sector filled with growth stocks.
3M (MMM)
Source: JPstock / Shutterstock.com
This industrial conglomerate’s shares have made big improvement since March’s pandemic-driven sell-off. But while shares aren’t exactly cheap (forward P/E of 19.7), they aren’t exactly expensive either. And for good reason.
While it’s both “dividend aristocrat” and a perennial blue-chip, MMM stock is stuck trying to bounce back from past issues, including headwinds from before the outbreak. As I wrote back in June, the company saw sales and earnings declines during 2019.
The pandemic made things worse, with sales falling double-digits in April and May. But recent sales news may be a sign things are turning around for 3M. July sales rose 6% year-over year, driven by to the company’s healthcare unit.
As a major producer of face masks, this makes perfect sense. Yet while its N95 face masks are one its most ubiquitous products right now, that on its own isn’t a needle-mover for the multi-billion dollar conglomerate.
10 Growth Stocks That Could Seriously Double
But as the U.S. exits lockdown and contends with recovery, there’s a lot of opportunity in buying MMM stock today. Shares have moved significantly off their lows, but with a 3.64% forward yield and the stock still below its pre-pandemic highs, this value play remains a low-risk opportunity in today’s overheated market.
PPL Corporation (PPL)
Source: Shutterstock
A few months back, I took a look at the many utilities stocks out there sporting hefty dividend yields. But while many major utilities offer strong yields for income investors, PPL stock is one of the best value and dividend plays in the space.
This lesser-known U.S.-based utility operates stateside (Pennsylvania and Kentucky), as well as in the U.K. (its largest operating unit). The company’s potential headwinds across the pond are partly to blame for its underwhelming performance.
But if everything were coming up roses for PPL, shares wouldn’t be so cheap. Granted, the stock has moved higher since I last wrote about it in July. But shares today still offer tremendous value. Between a 5.92% forward dividend yield, and a forward P/E of just 11.6, this remains one of the most-undervalued utilities stocks on the market.
Also with Berkshire Hathaway’s (NYSE:BRK.A,NYSE:BRK.B) energy unit, or another large utility name, potentially looking to buy PPL’s U.K. unit, shares could pop higher again if a deal gets done. Unloading this unit wouldn’t just take its problematic U.K. segment out of the picture; analysts such as Seaport Global’s Angie Storozynski see the company using any sales proceeds to fund share buybacks.
In short, plenty of good things coming out of PPL as of late. And with prices today around $28 per share still well below prior price levels (around $36 per share), there’s good reason to dive into this value play right now.
Verizon Communications (VZ)
Source: Ken Wolter / Shutterstock.com
Telecom stocks like Verizon and AT&T (NYSE:T) are a great opportunity for income investors. In an age of near-zero interest rates, it’s tough to find stocks with yield. And with stable operating businesses, major telecom names deliver when it comes to dividends.
However the nice dividend (4.17%) isn’t the only reason to consider VZ stock at today’s prices (around $59 per share). Yes, at a forward P/E ratio of 12.4, shares trade at a premium to major rival AT&T (forward P/E of 9.3). However, there’s some reason behind this valuation discrepancy. AT&T has been burdened with more debt from its prior TimeWarner acquisition, and as seen through recent mass layoffs at the media unit (now called WarnerMedia), it’s still trying to make that deal pay off.
On he other hand, Verizon? Sure, the company’s balance sheet contains a fair amount of debt. But with less leverage than AT&T, there’s lower dividend cut risk here.
Further, the company has many peers in the telecom space trading at higher valuations. As my colleague Mark Hake wrote August 20, based on multiple valuation calculations, the stock could be worth around $91 per share. In other words, more than 50% potential upside from today’s prices.
10 Growth Stocks That Could Seriously Double
Don’t expect this stable dividend play to go parabolic anytime soon. But with shares massively undervalued, VZ stock could continue to trend higher in the next few quarters.
ViacomCBS (VIAC)
Source: Kathy Hutchins / Shutterstock.com
In the age of streaming, “old school” media conglomerates like ViacomCBS may seem like dinosaurs. But given the many streaming platforms in its portfolio, calling this company a “dinosaur” is a bit premature.
At the start of the pandemic, shares cratered as the ad market collapsed. But since April, shares have made an epic recovery, bouncing back from lows around $10 to around $27 per share today.
Yet even with this massive move higher, shares remain cheap at just 6.5 times forward earnings. But this could all change thanks to two major catalysts.
Firstly, the company’s potential in the streaming space. As this commentator recently wrote, the company hasn’t exactly struck gold with CBS All Access. But with rumored plans to revamp the platform, there’s potential for the company to gain share from rivals Netflix (NASDAQ:NFLX), and Disney’s (NYSE:DIS) Hulu unit.
But that’s not all. With its ad-based Pluto TV platform providing a great television substitute for cord-cutters, the company could see big segment growth. Especially as the ad market recovers post-pandemic.
Another factor that could help VIAC stock: the recent passing of Sumner Redstone.
With his daughter Shari now at the helm, the company could move in many directions. Either ViacomCBS continues takes Redstone’s “content is king” ethos into the streaming age. Or the Redstone family decides to cash out, selling its content-rich empire to a strategic acquirer.
What’s the most likely move? That remains to be seen. But with many pathways to upside (streaming catalysts, potential sales) and a low valuation, shares are a great deal at today’s prices.
Thomas Niel, contributor to InvestorPlace, has written single-stock analysis since 2016. As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities.
The post 7 Value Stocks to Buy For Growth and Peace of Mind 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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10 Growth Stocks That Could Seriously Double Running the gamut from industrial conglomerates to telecom giants, here are seven value stocks to buy for peace of mind: AmerisourceBergen (NYSE:ABC) Dell Technologies (NYSE:DELL) Intel (NASDAQ:INTC) Dell Technologies (DELL) DELL) Technologies Display and Logo" width="300" height="169"> Source: Jonathan Weiss / Shutterstock.com Dell has come a long way from the “Dude, you’re getting a Dell!” commercials of the early 2000s. But while DELL stock has rallied since the March sell-off, multiple expansion could still be in the cards.
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10 Growth Stocks That Could Seriously Double Running the gamut from industrial conglomerates to telecom giants, here are seven value stocks to buy for peace of mind: AmerisourceBergen (NYSE:ABC) Dell Technologies (NYSE:DELL) Intel (NASDAQ:INTC) Dell Technologies (DELL) DELL) Technologies Display and Logo" width="300" height="169"> Source: Jonathan Weiss / Shutterstock.com Dell has come a long way from the “Dude, you’re getting a Dell!” commercials of the early 2000s. But while DELL stock has rallied since the March sell-off, multiple expansion could still be in the cards.
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10 Growth Stocks That Could Seriously Double Running the gamut from industrial conglomerates to telecom giants, here are seven value stocks to buy for peace of mind: AmerisourceBergen (NYSE:ABC) Dell Technologies (NYSE:DELL) Intel (NASDAQ:INTC) Dell Technologies (DELL) DELL) Technologies Display and Logo" width="300" height="169"> Source: Jonathan Weiss / Shutterstock.com Dell has come a long way from the “Dude, you’re getting a Dell!” commercials of the early 2000s. But while DELL stock has rallied since the March sell-off, multiple expansion could still be in the cards.
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10 Growth Stocks That Could Seriously Double Running the gamut from industrial conglomerates to telecom giants, here are seven value stocks to buy for peace of mind: AmerisourceBergen (NYSE:ABC) Dell Technologies (NYSE:DELL) Intel (NASDAQ:INTC) Dell Technologies (DELL) DELL) Technologies Display and Logo" width="300" height="169"> Source: Jonathan Weiss / Shutterstock.com Dell has come a long way from the “Dude, you’re getting a Dell!” commercials of the early 2000s. But while DELL stock has rallied since the March sell-off, multiple expansion could still be in the cards.
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ad6eead4-90e8-4501-9107-c64cd6c424fb
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726116.0
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2020-08-21 00:00:00 UTC
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Plagued by Chip Delays, Intel Stock Is Almost Cheap Enough to Buy
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DELL
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https://www.nasdaq.com/articles/plagued-by-chip-delays-intel-stock-is-almost-cheap-enough-to-buy-2020-08-21
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Ever since semiconductor chip giant Intel (NASDAQ:INTC) announced yet another delay on its next-generation computer processors, shares traded below the $50 line. Intel stock is still a great value buy, paying a dividend that yields almost 3% and at a price-to-earnings of 10 times, but astute investors are justified in shunning the stock despite favorable valuations.
Source: JHVEPhoto / Shutterstock.com
As long as Advanced Micro Devices (NASDAQ:AMD) takes Intel’s desktop and server market share through Ryzen and EPYC, respectively, Intel looks unattractive. But Intel’s Tiger Lake preview at Architecture Day 2020 gives shareholders hope.
Intel’s Ice Lake chips are 10nm, behind AMD’s 7nm Ryzen 4000 chips. And 7nm CPUs are not ready until 2022 at the earliest. This gives AMD over two years in lead time. How might Intel catch up?
Tiger Lake is Intel’s 11th-generation processor. It uses a new SuperFin transistor, a 10nm solution. Intel claims that a new SuperMIM (metal-insulator-metal) capacitor will give a five-fold increase in capacitance. In real-world terms, it will cut voltage and increase transistor and product performance.
6 International Stocks to Buy for Impressive Returns Now
The market’s lack of higher buying in Intel stock in the last week suggests that investors do not care about the development. The stop-gap solutions will not stop AMD from taking its market share.
Still, Intel is the favored chip supplier at retail stores. Lenovo (OTCMKTS:LNVGY), Dell (NYSE:DELL), and HP (NYSE:HPQ) usually feature an Intel-powered laptop or desktop at its online stores.
A Closer Look at INTC Stock
Intel still has plenty of cash on hand and a big marketing budget. Conversely, AMD is the favored vendor for the do-it-yourself crowd and relies on word of mouth for sales. But as AMD’s cash flow grows, its advertising budget will increase. Eventually, AMD advertisements will drive chip sales at a higher pace.
Intel stock has a positive catalyst in the 10-nanometer product is only delayed but not canceled. As it ramps up the product refresh in late 2022 and 2203, it needs to minimize market share loss. It may lower its production costs and tweak its average selling price to remain competitive.
The 14-nanometer product still offers customers decent power draw relative to the CPU’s performance. Attractive prices will deter customers from buying AMD. This will hurt Intel’s profitability in the near-term. Still, by slowing the market share loss, it will buy time. The product schedule slippage is double the previous delay forecast, at four quarters.
Fair Value and Intel Stock
Intel has a fair value of $66. It scores a 94/100 on value (based on several metrics, including price-to-earnings and EV/EBITDA).
Source: Chart Courtesy of StockRover.com
Intel stock has a quality score of 99/100, based on metrics like net margin and return on invested capital (according to Stock Rover). Based on its future cash flow discounted to present value, SimplyWall.St thinks that Intel is worth $76.00.
In the seasonality chart below, Intel is about to enter a period of upside starting in Sept.
To trade to the $66 – $76 level, Intel will need a few quarters to win back investor trust. It can no longer miss deliverng on product milestones. A cyclical downtrend must end, soon.
Micron Technology (NASDAQ:MU) CFO David Zinsner warned that its first-quarter revenue will miss the company’s guidance. So, until the market works off a glut in DRAM and NAND chips, profit margins may lag for the major chip suppliers.
Your Takeaway
Intel is a near-term disappointment. Fortunately, the stock’s big sell-off post-earnings created a steep discount for value-oriented investors willing to bet on a rebound. If Intel meets its revised timeline for 10nm and 7nm chip development, it will not lose much more market share from AMD.
Intel is a well-established brand. Its success is critical for customers because the competition between it and AMD will keep desktop chip prices low. At affordable prices, everyone wins. Intel will enjoy higher unit sales and growth while customers get lower prices.
Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities.
The post Plagued by Chip Delays, Intel Stock Is Almost Cheap Enough to Buy appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lenovo (OTCMKTS:LNVGY), Dell (NYSE:DELL), and HP (NYSE:HPQ) usually feature an Intel-powered laptop or desktop at its online stores. Micron Technology (NASDAQ:MU) CFO David Zinsner warned that its first-quarter revenue will miss the company’s guidance. Fortunately, the stock’s big sell-off post-earnings created a steep discount for value-oriented investors willing to bet on a rebound.
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Lenovo (OTCMKTS:LNVGY), Dell (NYSE:DELL), and HP (NYSE:HPQ) usually feature an Intel-powered laptop or desktop at its online stores. Source: JHVEPhoto / Shutterstock.com As long as Advanced Micro Devices (NASDAQ:AMD) takes Intel’s desktop and server market share through Ryzen and EPYC, respectively, Intel looks unattractive. Source: Chart Courtesy of StockRover.com Intel stock has a quality score of 99/100, based on metrics like net margin and return on invested capital (according to Stock Rover).
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Lenovo (OTCMKTS:LNVGY), Dell (NYSE:DELL), and HP (NYSE:HPQ) usually feature an Intel-powered laptop or desktop at its online stores. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Ever since semiconductor chip giant Intel (NASDAQ:INTC) announced yet another delay on its next-generation computer processors, shares traded below the $50 line. Source: JHVEPhoto / Shutterstock.com As long as Advanced Micro Devices (NASDAQ:AMD) takes Intel’s desktop and server market share through Ryzen and EPYC, respectively, Intel looks unattractive.
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Lenovo (OTCMKTS:LNVGY), Dell (NYSE:DELL), and HP (NYSE:HPQ) usually feature an Intel-powered laptop or desktop at its online stores. Intel’s Ice Lake chips are 10nm, behind AMD’s 7nm Ryzen 4000 chips. But as AMD’s cash flow grows, its advertising budget will increase.
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f2d121ab-c735-4164-811d-3519425951d6
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726117.0
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2020-08-19 00:00:00 UTC
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7 Cloud Stocks That Just Keep Growing
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DELL
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https://www.nasdaq.com/articles/7-cloud-stocks-that-just-keep-growing-2020-08-19
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
If we could name one winner during the novel coronavirus pandemic, it would be cloud stocks. Cloud computing has become one of the hottest tech sectors in recent years, and the increase in online activity during the pandemic has pushed this industry to new highs.
Since the pandemic spread across the U.S., workplace collaboration tools became an essential service. And it will only continue to be needed as people remain confined to their homes. That said, the virtual work environment made cloud computing one of the most sought after innovations among tech companies. This infrastructure is known for its high storage capacity and processing horsepower.
However, not all cloud computing businesses are seeing accelerated growth. Companies that serve the airline and hospitality industry have been hit hard by the pandemic, and cloud usage in these sectors remains close to nil.
9 Companies to Invest In as U.S.-China Relations Deteriorate
So with all of that in mind, we’ve compiled a list of the best investments in this industry to help you find the right cloud stocks to invest in. Here are our top seven picks:
Microsoft (NASDAQ:MSFT)
Dell Technologies (NYSE:DELL)
Workday (NASDAQ:WDAY)
Netflix (NASDAQ:NFLX)
Adobe (NASDAQ:ADBE)
Twilio (NYSE:TWLO)
Amazon (NASDAQ:AMZN)
Let’s dive in!
Hot Cloud Stocks: Microsoft (MSFT)
MSFT) logo above the entrance." width="300" height="169">
Source: NYCStock / Shutterstock.com
Microsoft’s cloud technology, Azure, saw some massive gains this pandemic as people continue to work from home for an indefinite period. In the first quarter of 2020, revenue from this service grew a whopping 59%. Microsoft also controls 18% of the cloud market, making it one of the largest cloud infrastructure providers in the world.
In addition to Azure, Microsoft also provides a range of cloud services like Microsoft Teams, Dynamics and video conferencing tools. With this, the company adds to the diversity of the its product portfolio — making it an attractive investment.
However, if Microsoft’s cloud innovations aren’t reason enough to invest in this cloud stock, the company also owns the networking platform LinkedIn and Xbox — which have seen increased growth this year.
Collectively, the versatility of this tech giant’s core business will ensure it remains competitive for many years to come.
Dell Technologies (DELL)
DELL) Technologies Display and Logo" width="300" height="169">
Source: Jonathan Weiss / Shutterstock.com
Traditionally a computer technology company, Dell made its debut in the world of cloud computing just a few years ago. And since then, the company has become a leading provider in cloud data servers — along with more niche service offerings through its Dell Technologies Cloud.
Moreover, the tech company owns a majority stake worth about $50 billion in VMware (NYSE:VMW) that operates a number of tools in the cloud. This investment was great news for Dell’s stock price as the company saw a decrease in demand for its core product in the years prior.
The 6 Best Solar Stocks to Buy Right Now
However, due to messy entanglement issues, Dell is looking to do a spin-off of VMware versus an outright sellout, which could potentially save millions in tax. So while it is unclear what the future holds for Dell, this cloud stock remains a worthy value investment today.
Hot Cloud Stocks: Workday (WDAY)
WDAY) sign in Pleasanton, California." width="300" height="169">
Source: Sundry Photography / Shutterstock.com
Workday operates its cloud services in the human resources realm, and functions as an on-demand tool for businesses looking to hire new employees. In the past few months, the company has seen increased activity in its stock price as more people continue working for home.
Additionally, Workday is poised for success in the coming months, and secured partnerships with two successful companies: Microsoft and Salesforce. The company will be working closely with Microsoft’s Azure platform to develop new technology, and with Salesforce to ensure that the transition to normal working conditions is safe and smooth.
The tech giant saw its revenue increase to $1.02 billion this past quarterm, which shows promise for the future. Thus, I recommend you hold on to this cloud stock as the industry continues to grow in leaps and bounds in the coming years.
Netflix (NFLX)
NFLX) logo on a tablet with earbuds and a bowl of popcorn nearby." width="300" height="169">
Source: Riccosta / Shutterstock.com
Netflix’s successful streaming service has made this company one of the most popular cloud stocks in the world. The pandemic fueled the tech giant’s growth, as its platform gained 10 million customers in the second quarter of 2020 and 26 million total during the first half of the fiscal year
The company’s success can be attributed to the stay-at-home orders, which led people to subscribe to the streaming platform for entertainment. And although Netflix is likely to see a dip in new customers as we move towards a new normal, it will continue to hold its reigning title as king of the streaming revolution. Additionally, Netflix is expanding its reach to international markets as well.
Recently, the company announced its partnership with Microsoft to launch the “Netflix for Games” service this September. Based on a subscription service model, users can play games on the cloud which can be accessed from a PC, smartphone or tablet device. And given the size of the gaming industry, Netflix’s debut in this sector opens up a world of opportunities for the company.
3 Biotech Stock ETFs to Buy For Further Upside In 2021
So, with all of that in mind, hold onto this cloud stock and benefit from its long-term gains.
Hot Cloud Stocks: Adobe (ADBE)
ADBE) logo on wall of corporate building." width="300" height="169">
Source: r.classen / Shutterstock.com
Adobe was one of the first companies that made the shift from physical products to the cloud. The company packaged its software as a service that users could access on the cloud via a subscription.
Also, although Adobe is a leader in the cloud computing space, its real strength lies in the diversity of its service portfolio. These include marketing services, customer service tools and analytical tools. In fact, the demand for its services was amplified during the pandemic as the usage of tools like Adobe PDF grew by 40%.
With consistent revenue growth in the last 21 quarters, the company is likely to see an increased demand for its services — as long as remote work remains the norm. Therefore, Adobe’s strong growth potential makes this stock a worthy investment.
Twilio (TWLO)
Source: rafapress / Shutterstock.com
Twilio isn’t the first company you think of when it comes to cloud stocks, but the company operates a more specialized service. When you make a call on the Lyft (NASDAQ:LYFT) app or receive texts on Uber (NYSE:UBER) Eats, the technology that enables this is powered by the company.
Twilio’s service has streamlined the use of apps making it easier for a business to communicate with its customers. This is because prior to this, companies had to connect to an external network provider and write custom code to connect with its users.
Now, the service used by more than 50,000 companies like Dell, Lyft and the Red Cross. In fact, Twilio earns 75% of its revenue from a cut from each text or call made using its service and the remaining 25% is from its subscription service.
7 REITs to Buy for Big-Time Yields
Collectively, customer activity on apps has increased multifold since the start of the pandemic. In turn, this has been a boon for Twilio stock. The company stock price has increased by 21.8% in July, and 156.2% year-to-date. That said, I recommend you buy into this stock for its future growth.
Hot Cloud Stocks: Amazon (AMZN)
Source: Mike Mareen / Shutterstock.com
We saved the best for last. Amazon needs no introduction when it comes to cloud computing. The company continues to dominate in this space with control of 33% of the total market. And although its Amazon Web Services (AWS) cloud service did not see gains as high as Microsoft’s Azure this year, it was still a huge revenue driver for the business.
In the past quarter, AWS generated an operating profit of $3.4 billion and a revenue of $10.8 billion. Experts believe that this number will only continue to increase in the coming months and years, and the AWS cloud computing business will be bolstered by Amazon’s e-commerce platform. And as more companies shift to the virtual world, AWS will serve as the platform to host these services.
Additionally, although most companies were forced to move to a remote working environment at the start of the pandemic, this may become the norm for some moving forward. This means that cloud computing services like those offered by Amazon are likely to see its demand increase in multifold in the future.
So, overall, cloud stocks like this one are always a safe bet given the current volatility in the stock market.
Divya Premkumar has a finance degree from the University of Houston, Texas. She is a financial writer and analyst who has written stories on various financial topics from investing to personal finance. Divya has been writing for Investor Place since 2020. As of this writing, Divya did not own any of the aforementioned stocks.
The post 7 Cloud Stocks That Just Keep Growing appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The 6 Best Solar Stocks to Buy Right Now However, due to messy entanglement issues, Dell is looking to do a spin-off of VMware versus an outright sellout, which could potentially save millions in tax. Here are our top seven picks: Microsoft (NASDAQ:MSFT) Dell Technologies (NYSE:DELL) Workday (NASDAQ:WDAY) Netflix (NASDAQ:NFLX) Adobe (NASDAQ:ADBE) Twilio (NYSE:TWLO) Amazon (NASDAQ:AMZN) Let’s dive in! Dell Technologies (DELL) DELL) Technologies Display and Logo" width="300" height="169"> Source: Jonathan Weiss / Shutterstock.com Traditionally a computer technology company, Dell made its debut in the world of cloud computing just a few years ago.
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Here are our top seven picks: Microsoft (NASDAQ:MSFT) Dell Technologies (NYSE:DELL) Workday (NASDAQ:WDAY) Netflix (NASDAQ:NFLX) Adobe (NASDAQ:ADBE) Twilio (NYSE:TWLO) Amazon (NASDAQ:AMZN) Let’s dive in! Dell Technologies (DELL) DELL) Technologies Display and Logo" width="300" height="169"> Source: Jonathan Weiss / Shutterstock.com Traditionally a computer technology company, Dell made its debut in the world of cloud computing just a few years ago. And since then, the company has become a leading provider in cloud data servers — along with more niche service offerings through its Dell Technologies Cloud.
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Dell Technologies (DELL) DELL) Technologies Display and Logo" width="300" height="169"> Source: Jonathan Weiss / Shutterstock.com Traditionally a computer technology company, Dell made its debut in the world of cloud computing just a few years ago. Here are our top seven picks: Microsoft (NASDAQ:MSFT) Dell Technologies (NYSE:DELL) Workday (NASDAQ:WDAY) Netflix (NASDAQ:NFLX) Adobe (NASDAQ:ADBE) Twilio (NYSE:TWLO) Amazon (NASDAQ:AMZN) Let’s dive in! And since then, the company has become a leading provider in cloud data servers — along with more niche service offerings through its Dell Technologies Cloud.
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Here are our top seven picks: Microsoft (NASDAQ:MSFT) Dell Technologies (NYSE:DELL) Workday (NASDAQ:WDAY) Netflix (NASDAQ:NFLX) Adobe (NASDAQ:ADBE) Twilio (NYSE:TWLO) Amazon (NASDAQ:AMZN) Let’s dive in! Dell Technologies (DELL) DELL) Technologies Display and Logo" width="300" height="169"> Source: Jonathan Weiss / Shutterstock.com Traditionally a computer technology company, Dell made its debut in the world of cloud computing just a few years ago. And since then, the company has become a leading provider in cloud data servers — along with more niche service offerings through its Dell Technologies Cloud.
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68c0b7f1-7f2c-4165-9a00-2e26292a7640
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726118.0
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2020-08-14 00:00:00 UTC
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Noteworthy Friday Option Activity: DELL, LOW, LOGM
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DELL
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-dell-low-logm-2020-08-14
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 11,134 contracts have traded so far, representing approximately 1.1 million underlying shares. That amounts to about 54.1% of DELL's average daily trading volume over the past month of 2.1 million shares. Particularly high volume was seen for the $62.50 strike call option expiring August 21, 2020, with 2,789 contracts trading so far today, representing approximately 278,900 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $62.50 strike highlighted in orange:
Lowe's Companies Inc (Symbol: LOW) saw options trading volume of 17,021 contracts, representing approximately 1.7 million underlying shares or approximately 53.5% of LOW's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $180 strike call option expiring September 18, 2020, with 1,061 contracts trading so far today, representing approximately 106,100 underlying shares of LOW. Below is a chart showing LOW's trailing twelve month trading history, with the $180 strike highlighted in orange:
And LogMeIn Inc (Symbol: LOGM) saw options trading volume of 1,714 contracts, representing approximately 171,400 underlying shares or approximately 52.7% of LOGM's average daily trading volume over the past month, of 324,985 shares. Especially high volume was seen for the $85 strike put option expiring March 19, 2021, with 1,499 contracts trading so far today, representing approximately 149,900 underlying shares of LOGM. Below is a chart showing LOGM's trailing twelve month trading history, with the $85 strike highlighted in orange:
For the various different available expirations for DELL options, LOW options, or LOGM 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 $62.50 strike call option expiring August 21, 2020, with 2,789 contracts trading so far today, representing approximately 278,900 underlying shares of DELL. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 11,134 contracts have traded so far, representing approximately 1.1 million underlying shares. That amounts to about 54.1% of DELL's average daily trading volume over the past month of 2.1 million shares.
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Below is a chart showing DELL's trailing twelve month trading history, with the $62.50 strike highlighted in orange: Lowe's Companies Inc (Symbol: LOW) saw options trading volume of 17,021 contracts, representing approximately 1.7 million underlying shares or approximately 53.5% of LOW's average daily trading volume over the past month, of 3.2 million shares. Below is a chart showing LOGM's trailing twelve month trading history, with the $85 strike highlighted in orange: For the various different available expirations for DELL options, LOW options, or LOGM options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 11,134 contracts have traded so far, representing approximately 1.1 million underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 11,134 contracts have traded so far, representing approximately 1.1 million underlying shares. Below is a chart showing DELL's trailing twelve month trading history, with the $62.50 strike highlighted in orange: Lowe's Companies Inc (Symbol: LOW) saw options trading volume of 17,021 contracts, representing approximately 1.7 million underlying shares or approximately 53.5% of LOW's average daily trading volume over the past month, of 3.2 million shares. That amounts to about 54.1% of DELL's average daily trading volume over the past month of 2.1 million shares.
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Below is a chart showing DELL's trailing twelve month trading history, with the $62.50 strike highlighted in orange: Lowe's Companies Inc (Symbol: LOW) saw options trading volume of 17,021 contracts, representing approximately 1.7 million underlying shares or approximately 53.5% of LOW's average daily trading volume over the past month, of 3.2 million shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 11,134 contracts have traded so far, representing approximately 1.1 million underlying shares. That amounts to about 54.1% of DELL's average daily trading volume over the past month of 2.1 million shares.
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b5d537ce-9d89-4047-a708-fbdc74f0ca5f
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726119.0
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2020-08-12 00:00:00 UTC
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A Biden Presidency Can’t Come Soon Enough for Sunrun Stock
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DELL
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https://www.nasdaq.com/articles/a-biden-presidency-cant-come-soon-enough-for-sunrun-stock-2020-08-12
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
While solar power keeps increasing, profits from it do not.
RUN) logo is displayed on a smartphone screen in front of an American flag." width="300" height="169">
Source: IgorGolovniov / Shutterstock.com
Falling costs also mean falling prices, which impact business models. Demand doesn’t always rise as fast as margins compress. Investors find gains difficult. This has been the case for a decade now.
So there was a huge sigh of relief when Sunrun (NASDAQ:RUN), the leading residential solar company, recently said it would buy Vivint Solar (NYSE:VSLR) for $3.2 billion in stock. The sighs were deepest at The Blackstone Group (NYSE:BX), Vivint’s largest shareholder.
The resulting company should have close to $2 billion in revenue for all of 2020 and be able to cut expenses by as much as $90 million. Whether there will be profits, however, remains to be seen.
The Rivals Have Different Approaches
Sunrun and Vivint have taken different approaches to the market.
Sunrun is based in California. It focuses on storage and can connect customer systems into “mini-grids” that are resilient when utility power goes out. Vivint is based in Utah and focuses on door-to-door sales, with many of its systems leased.
Both companies have been selling investment tax credits that are expiring, however. A Joe Biden presidency, with a Democratic Congress, could renew incentives in federal climate change policy. President Donald Trump and the Republicans won’t.
7 Innovative Stocks to Buy That Are Pushing the Envelope
Sunrun’s deals tend to be corporate. In one deal, it signed three partners in the San Francisco Bay Area to link customer systems and protect against blackouts. In another, it signed a deal with Korea’s SK Group to electrify homes there and conduct research.
Vivint, meanwhile, closed on $300 million in tax equity financing for its customers during the quarter. It offers loans, sales and power purchase agreements through its sales force.
What About the Pandemic?
While waiting to see how the long term plays out, both Vivint and Sunrun are being hit in the short run by the novel coronavirus, which is collapsing the economy.
Second-quarter results for both companies disappointed optimists. Vivint lost $87 million on revenues of $306 million, up about 9% from a year earlier. Sunrun lost $13.5 million on revenue of $181 million, down about 9%.
The Sunrun loss was a surprise. Analysts had been expecting a profit. Shares dropped about 10%, but they’re still up over 200% on the year.
What About Tesla?
The third big player in U.S. residential solar is Tesla (NASDAQ:TSLA). It has been quiet since entering the market by acquiring SolarCity a few years ago.
Tesla has been focused on perfecting its Solar Roof product, which replaces roof tiles. Vivint and Sunrun, by contrast, install solar panels on existing roofs. Tesla CEO Elon Musk prefers a “one-click” approach to sales, in contrast to the longer sales and contracting processes of Vivint and Sunrun.
Once Tesla is ready to go, it could dramatically reshape the market, much as Dell (NYSE:DELL) reshaped the PC market in the 1990s with its direct sales model. But Tesla has become the market’s hidden leader. How? Solar has become immaterial to the company’s results, so it never steps on the market stage.
The Bottom Line on RUN Stock
News of the Sunrun-Vivint merger has given both stocks a ride. But future results are uncertain.
Buying RUN stock means going into a $5.4 billion market capitalization for a profitless company that may have $2 billion in revenue this year, assuming things work out. Combining the disparate business models of Sunrun and Vivint may deliver less savings than anticipated. The shape of the market in 2021, between the election and Tesla’s potential entry, remains uncertain.
My guess is that the stock will be riding the polls through November. The valuation right now is well ahead of fundamentals. It’s a speculation. There are too many uncertainties for me to say more.
Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of the environmental thriller Bridget O’Flynn and the Bear, available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story.
The post A Biden Presidency Can’t Come Soon Enough for Sunrun Stock 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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Once Tesla is ready to go, it could dramatically reshape the market, much as Dell (NYSE:DELL) reshaped the PC market in the 1990s with its direct sales model. A Joe Biden presidency, with a Democratic Congress, could renew incentives in federal climate change policy. In one deal, it signed three partners in the San Francisco Bay Area to link customer systems and protect against blackouts.
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Once Tesla is ready to go, it could dramatically reshape the market, much as Dell (NYSE:DELL) reshaped the PC market in the 1990s with its direct sales model. InvestorPlace - Stock Market News, Stock Advice & Trading Tips While solar power keeps increasing, profits from it do not. So there was a huge sigh of relief when Sunrun (NASDAQ:RUN), the leading residential solar company, recently said it would buy Vivint Solar (NYSE:VSLR) for $3.2 billion in stock.
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Once Tesla is ready to go, it could dramatically reshape the market, much as Dell (NYSE:DELL) reshaped the PC market in the 1990s with its direct sales model. InvestorPlace - Stock Market News, Stock Advice & Trading Tips While solar power keeps increasing, profits from it do not. So there was a huge sigh of relief when Sunrun (NASDAQ:RUN), the leading residential solar company, recently said it would buy Vivint Solar (NYSE:VSLR) for $3.2 billion in stock.
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Once Tesla is ready to go, it could dramatically reshape the market, much as Dell (NYSE:DELL) reshaped the PC market in the 1990s with its direct sales model. InvestorPlace - Stock Market News, Stock Advice & Trading Tips While solar power keeps increasing, profits from it do not. So there was a huge sigh of relief when Sunrun (NASDAQ:RUN), the leading residential solar company, recently said it would buy Vivint Solar (NYSE:VSLR) for $3.2 billion in stock.
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c25a53b6-21fe-46c8-b602-ac1abbabddde
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726120.0
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2020-08-09 00:00:00 UTC
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3 Top Cloud Computing Stocks to Buy Right Now
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DELL
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https://www.nasdaq.com/articles/3-top-cloud-computing-stocks-to-buy-right-now-2020-08-09
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nan
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nan
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Perhaps the biggest technological change of the current age is the massive shift of enterprise IT spending to the public cloud. The public cloud offers numerous benefits to companies, saving costs by eliminating the need to buy and manage one's own infrastructure, offering the ability to scale up and down as needed, and providing continuous access to the latest storage and computing technologies.
According to research firm Canalys, the global cloud infrastructure-as-a-service market reached $31 billion in the first quarter of 2020, or a $124 billion annualized run-rate, and growing a whopping 34.5%, even in a pandemic-fueled quarter. That's a massive growth rate for an industry that big, and is also why the leading cloud stocks are some of the best opportunities for the long-term Foolish investor.
If you're looking to play the cloud revolution in August, here are a few of the best-looking bets in this red-hot sector right now.
Image source: Getty Images.
Microsoft
Of the big three U.S. cloud companies, Microsoft (NASDAQ: MSFT) grew the fastest in the June quarter, with its Azure cloud infrastructure segment growing a whopping 47%, or 50% in constant currency. Yet besides Microsoft's strong No. 2 (and gaining) position in the cloud infrastructure market, the company also has numerous other business segments primed for more profitable growth. One notable segment is the Xbox segment, which is coming out with the first new console in seven years this holiday season. Xbox grew a whopping 65% last quarter as people bought up video game hardware and software in quarantine, even though the new console isn't even available yet.
Of course, the big news of recent days has been Microsoft's involved talks to acquire the U.S. operations of Tik Tok, the short-form video social media juggernaut from Chinese unicorn Bytedance. However, just on Thursday, it was reported that Microsoft is now looking to buy all of Tik Tok's operations outside China, which could be a massive deal.
It was getting hard to picture how Microsoft could continue to add new incremental growth given its already massive size, but adding a leading social media company could do that very thing. According to Oberlo, Tik Tok has been downloaded 2 billion times and counts 800 million active users, and the average user spends 52 minutes per day on the platform. That could be immensely valuable for Microsoft while also giving it access a younger demographic. As a shareholder, I'm hoping a deal is reached (at a reasonable price, of course).
Tencent
Chinese tech giant Tencent (OTC: TCEHY) isn't often counted as a cloud computing stock, but the massive Chinese tech conglomerate is making a big push in this area. For a long time, rival Alibaba (NYSE: BABA) was the far-and-away leader in cloud in China; however, Tencent has been investing heavily in its cloud capabilities over the past few years, and those efforts appear to be bearing fruit.
During 2019, Tencent increased its Chinese cloud market share from 15.4% to 18%, while Alibaba's fell from 47.3% to 46.4%. Additionally, a recent Reuters report disclosed that Tencent is now winning as many high-profile government cloud deals as Alibaba these days.
While cloud accounted for only 4.5% of Tencent revenues last year, it could grow a lot in the years ahead. According to Canalys, China's cloud infrastructure-as-a-service market grew 67% in the first quarter of 2020. Not only that, but cloud could also allow Tencent sell more software-as-a-service over its infrastructure to Chinese customers, such as Tencent Meeting, which is essentially a Zoom competitor in the Chinese market, and which saw usage take off in a big way during quarantines.
Given the strong growth of the Chinese cloud industry, Alibaba could be a strong choice too; however, I like Tencent's overall business across online games, social media, streaming video, and payments as well. And by the way, Tencent owns large minority stakes in both JD.com and Pinduoduo, which are giving Alibaba stiff competition in Chinese e-commerce, and Tencent has proven to be an outstanding investor in other companies besides these two as well. Looking at the whole picture, Tencent still looks like a great buy even after its strong 2020 run.
You may notice I don't own Tencent outright, but I do own Alibaba. That's because I own both Naspers (OTC: NPSNY) and Prosus (OTC: PROSY) in larger quantities, each of which owns large stakes in Tencent and which trade at a large discount to the value of that stake.
Dell Technologies
Speaking of wacky discounts, Dell Technologies (NYSE: DELL) might not seem exactly like a cloud titan, but it serves the main cloud providers in many ways. It's one of the leading providers of cloud data center servers worldwide, and also sells customized, tightly integrated sets of its server and software within its Dell Technologies Cloud modular offering.
Through its 2016 acquisition of EMC, Dell also acquired EMC's majority stake in VMware (NYSE: VMW). VMware sells a suite of virtualization tools that allow enterprises to manage multiple clouds, as well as their on-premises infrastructure, all within one a single pane of glass. That company also acquired endpoint security software company Carbon Black last year, which helps secure cloud operations as employees access the cloud from the enterprise perimeter.
Dell is interesting right now because it just announced its intention to potentially spin off its majority 81% stake in VMware, which itself is publicly traded. While a transaction won't happen until September 2021, since that's when a spinoff could become tax-free, it could unlock serious value.
Right now, Dell's 81% stake in VMware is worth about $49 billion, while Dell itself has a market cap of only $45.1 billion. That means the market is valuing the rest of Dell at negative-$4 billion! Needless to say, that's a strange phenomenon. While Dell's server and client businesses aren't really growing and the company does have a fair amount of debt, that remaining stub doesn't have negative value.
For patient investors, it appears that taking a stake in Dell could still allow one to benefit from a financial engineering scheme next year. While that is a next-year story, who knows where the market will trade Dell stock in the meantime? Interested investors should therefore look at this special situation and value stock today.
10 stocks we like better than Microsoft
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Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Billy Duberstein owns shares of Alibaba Group Holding Ltd., JD.com, Microsoft, Naspers Limited (ADR), and Prosus and has the following options: short August 2020 $270 calls on Microsoft, short August 2020 $250 calls on Microsoft, short August 2020 $170 puts on Microsoft, and Short September 2020 $175 Puts on Microsoft. His clients may own shares of the companies mentioned.The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., JD.com, Microsoft, Tencent Holdings, and Zoom Video Communications. The Motley Fool recommends VMware and recommends the following options: short August 2020 $130 calls on Zoom Video Communications, long January 2021 $85 calls on Microsoft, and short January 2021 $115 calls on Microsoft. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Speaking of wacky discounts, Dell Technologies (NYSE: DELL) might not seem exactly like a cloud titan, but it serves the main cloud providers in many ways. It's one of the leading providers of cloud data center servers worldwide, and also sells customized, tightly integrated sets of its server and software within its Dell Technologies Cloud modular offering. Through its 2016 acquisition of EMC, Dell also acquired EMC's majority stake in VMware (NYSE: VMW).
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Dell Technologies Speaking of wacky discounts, Dell Technologies (NYSE: DELL) might not seem exactly like a cloud titan, but it serves the main cloud providers in many ways. It's one of the leading providers of cloud data center servers worldwide, and also sells customized, tightly integrated sets of its server and software within its Dell Technologies Cloud modular offering. Through its 2016 acquisition of EMC, Dell also acquired EMC's majority stake in VMware (NYSE: VMW).
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Dell Technologies Speaking of wacky discounts, Dell Technologies (NYSE: DELL) might not seem exactly like a cloud titan, but it serves the main cloud providers in many ways. It's one of the leading providers of cloud data center servers worldwide, and also sells customized, tightly integrated sets of its server and software within its Dell Technologies Cloud modular offering. Through its 2016 acquisition of EMC, Dell also acquired EMC's majority stake in VMware (NYSE: VMW).
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Right now, Dell's 81% stake in VMware is worth about $49 billion, while Dell itself has a market cap of only $45.1 billion. Dell Technologies Speaking of wacky discounts, Dell Technologies (NYSE: DELL) might not seem exactly like a cloud titan, but it serves the main cloud providers in many ways. It's one of the leading providers of cloud data center servers worldwide, and also sells customized, tightly integrated sets of its server and software within its Dell Technologies Cloud modular offering.
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c7613e85-cfab-46f7-a758-f03241423e68
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726121.0
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2020-07-31 00:00:00 UTC
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Dish chooses VMware's cloud platform for building 5G network
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DELL
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https://www.nasdaq.com/articles/dish-chooses-vmwares-cloud-platform-for-building-5g-network-2020-07-31
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nan
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nan
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STOCKHOLM, July 31 (Reuters) - U.S. satellite TV provider Dish Network DISH.O said on Friday it had opted for software maker VMware Inc's VMW.N telco cloud platform to build its next-generation wireless network.
Dish, which is racing to build a 5G network in the United States by 2023, has chosen a new technology called Open Radio Access Network (RAN) to deploy its network.
(Reporting by Supantha Mukherjee in Stockholm Editing by David Holmes)
((supantha.mukherjee@thomsonreuters.com; +46 8 502 423 84; Reuters Messaging: supantha.mukherjee.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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STOCKHOLM, July 31 (Reuters) - U.S. satellite TV provider Dish Network DISH.O said on Friday it had opted for software maker VMware Inc's VMW.N telco cloud platform to build its next-generation wireless network. Dish, which is racing to build a 5G network in the United States by 2023, has chosen a new technology called Open Radio Access Network (RAN) to deploy its network. (Reporting by Supantha Mukherjee in Stockholm Editing by David Holmes) ((supantha.mukherjee@thomsonreuters.com; +46 8 502 423 84; Reuters Messaging: supantha.mukherjee.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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STOCKHOLM, July 31 (Reuters) - U.S. satellite TV provider Dish Network DISH.O said on Friday it had opted for software maker VMware Inc's VMW.N telco cloud platform to build its next-generation wireless network. Dish, which is racing to build a 5G network in the United States by 2023, has chosen a new technology called Open Radio Access Network (RAN) to deploy its network. (Reporting by Supantha Mukherjee in Stockholm Editing by David Holmes) ((supantha.mukherjee@thomsonreuters.com; +46 8 502 423 84; Reuters Messaging: supantha.mukherjee.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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STOCKHOLM, July 31 (Reuters) - U.S. satellite TV provider Dish Network DISH.O said on Friday it had opted for software maker VMware Inc's VMW.N telco cloud platform to build its next-generation wireless network. Dish, which is racing to build a 5G network in the United States by 2023, has chosen a new technology called Open Radio Access Network (RAN) to deploy its network. (Reporting by Supantha Mukherjee in Stockholm Editing by David Holmes) ((supantha.mukherjee@thomsonreuters.com; +46 8 502 423 84; Reuters Messaging: supantha.mukherjee.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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STOCKHOLM, July 31 (Reuters) - U.S. satellite TV provider Dish Network DISH.O said on Friday it had opted for software maker VMware Inc's VMW.N telco cloud platform to build its next-generation wireless network. Dish, which is racing to build a 5G network in the United States by 2023, has chosen a new technology called Open Radio Access Network (RAN) to deploy its network. (Reporting by Supantha Mukherjee in Stockholm Editing by David Holmes) ((supantha.mukherjee@thomsonreuters.com; +46 8 502 423 84; Reuters Messaging: supantha.mukherjee.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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e0b14cab-784e-444c-a1d5-99360ea27eb3
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726122.0
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2020-07-19 00:00:00 UTC
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2 Top Stocks to Buy If the Coronavirus Pandemic Takes a Turn for the Worse
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DELL
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https://www.nasdaq.com/articles/2-top-stocks-to-buy-if-the-coronavirus-pandemic-takes-a-turn-for-the-worse-2020-07-19
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nan
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nan
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The novel coronavirus has infected more than 14 million people across the world, and nearly 600,000 people have died from COVID-19 as of July 18, according to a Reuters tracker. But the worst may be ahead of us according to the latest warnings from leadership at the World Health Organization.
For instance, coronavirus infections in the U.S. are spiking once again, and a similar trend is taking place in Eastern Europe. Shelter-in-place orders and lockdowns are also making a comeback in certain countries such as India. We have already seen how such developments can affect the stock market, which underwent a massive correction in March this year, so the chances of another plunge should not be ruled out.
In that case, investors should take a closer look at NVIDIA (NASDAQ: NVDA) and Glu Mobile (NASDAQ: GLUU) -- two stocks that have thrived amid the uncertainty as their businesses have benefited from the lockdown measures that have become common across the world.
Data by YCharts.
1. NVIDIA is riding multiple tailwinds tied to the pandemic
COVID-19 has failed to dent NVIDIA's momentum in 2020. In fact, demand for NVIDIA's graphics cards may have increased in these uncertain times, according to its results for the fiscal first quarter ended April 26.
The graphics specialist's revenue shot up 39% year over year, while adjusted net income increased 106%. NVIDIA delivered the terrific gains thanks to growth in its video gaming and data center businesses.
Image source: Getty Images.
The latter recorded 80% growth to $1.14 billion, accounting for 37% of total sales. The company witnessed strong data center demand throughout the quarter, according to comments made on the earnings call. NVIDIA management also added that the data center business enjoys strong visibility in the current quarter, and the company remains confident of its prospects in this space thanks to the new A100 GPU (graphics processing unit).
The A100 data center GPU is based on NVIDIA's latest Ampere architecture. The company claims that its performance is nearly 20 times faster than its predecessor, so it isn't surprising to see several big cloud players already lining up to deploy the A100. According to NVIDIA CFO Colette Kress:
The A100 will be deployed by the world's leading cloud service providers and system builders, including Alibaba Cloud, Amazon Web Services, Baidu Cloud, Dell Technologies, Google Cloud Platform, HPE, and Microsoft Azure, among others.
This indicates that NVIDIA's data center momentum isn't going to die down anytime soon. The same can be said about the gaming business, which produced 44% of the top line last quarter. Gaming revenue was up 27% year over year, but that rate of growth should accelerate near term as the company is set to launch a new generation of graphics cards.
Spending on video game hardware has increased during the pandemic as people look for ways to keep themselves entertained. Moreover, the next generation of video games is expected to be even more graphics-intensive as developers aim to deliver a life-like experience. This creates an ideal situation for NVIDIA to supply its latest generation graphics cards as most of its customers are currently using older hardware that may not be capable of running the latest titles.
Given 80% of NVIDIA's overall business comes from these two core segments, both of which have proved resilient in the face of the coronavirus, the company is poised to outperform should the outbreak force world leaders to reinstate strict lockdowns and social-distancing guidelines.
2. Glu Mobile is tapping into impressive industry growth
While NVIDIA's graphics cards are aimed at enthusiasts and players with deeper pockets, Glu Mobile gives consumers a cheaper way to keep themselves engaged. They can simply download one of the company's several titles on their mobile device to play without having to invest in dedicated hardware.
Not surprisingly, demand for mobile games has increased dramatically amid the pandemic. According to a third-party estimate, revenue from mobile games is expected to jump to $97 billion in 2020 from $58 billion last year -- a massive increase of 67%.
Glu Mobile has enjoyed a nice shot in the arm thanks to this rapid growth. The company raised its full-year bookings guidance twice this year as its titles are performing ahead of expectations. The good part is that Glu has leveraged this momentum to launch Disney Sorcerers Arena at the end of March, and the game is already seeing strong monetization.
The company is now working on two more titles -- Originals and Deer Hunter World -- that are expected to hit the market in the coming months. Glu is also readying its 2021 pipeline with a social fishing game and a few other titles. This should help the company sustain its growth as the mobile gaming industry won't be running out of steam any time soon.
Adding to that strength, the company has increased its margins substantially over the past few years.
Data by YCharts.
The company's bookings are now growing at a faster pace than its operating expenses, so don't be surprised to see a bigger bottom-line going forward too. The video game industry that Glu Mobile operates in seems to have remained immune to the virus so far.
Find out why NVIDIA is one of the 10 best stocks to buy now
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Tom and David just revealed their ten top stock picks for investors to buy right now. NVIDIA is on the list -- but there are nine others you may be overlooking.
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*Stock Advisor returns as of June 2, 2020
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. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., Alphabet (A shares), Alphabet (C shares), Amazon, Baidu, Microsoft, and NVIDIA and recommends the following options: long January 2021 $85 calls on Microsoft, short January 2021 $115 calls on Microsoft, short January 2022 $1940 calls on Amazon, and long January 2022 $1920 calls on Amazon. 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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According to NVIDIA CFO Colette Kress: The A100 will be deployed by the world's leading cloud service providers and system builders, including Alibaba Cloud, Amazon Web Services, Baidu Cloud, Dell Technologies, Google Cloud Platform, HPE, and Microsoft Azure, among others. NVIDIA management also added that the data center business enjoys strong visibility in the current quarter, and the company remains confident of its prospects in this space thanks to the new A100 GPU (graphics processing unit). Given 80% of NVIDIA's overall business comes from these two core segments, both of which have proved resilient in the face of the coronavirus, the company is poised to outperform should the outbreak force world leaders to reinstate strict lockdowns and social-distancing guidelines.
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According to NVIDIA CFO Colette Kress: The A100 will be deployed by the world's leading cloud service providers and system builders, including Alibaba Cloud, Amazon Web Services, Baidu Cloud, Dell Technologies, Google Cloud Platform, HPE, and Microsoft Azure, among others. Glu Mobile is tapping into impressive industry growth While NVIDIA's graphics cards are aimed at enthusiasts and players with deeper pockets, Glu Mobile gives consumers a cheaper way to keep themselves engaged. The video game industry that Glu Mobile operates in seems to have remained immune to the virus so far.
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According to NVIDIA CFO Colette Kress: The A100 will be deployed by the world's leading cloud service providers and system builders, including Alibaba Cloud, Amazon Web Services, Baidu Cloud, Dell Technologies, Google Cloud Platform, HPE, and Microsoft Azure, among others. In that case, investors should take a closer look at NVIDIA (NASDAQ: NVDA) and Glu Mobile (NASDAQ: GLUU) -- two stocks that have thrived amid the uncertainty as their businesses have benefited from the lockdown measures that have become common across the world. Glu Mobile is tapping into impressive industry growth While NVIDIA's graphics cards are aimed at enthusiasts and players with deeper pockets, Glu Mobile gives consumers a cheaper way to keep themselves engaged.
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According to NVIDIA CFO Colette Kress: The A100 will be deployed by the world's leading cloud service providers and system builders, including Alibaba Cloud, Amazon Web Services, Baidu Cloud, Dell Technologies, Google Cloud Platform, HPE, and Microsoft Azure, among others. According to a third-party estimate, revenue from mobile games is expected to jump to $97 billion in 2020 from $58 billion last year -- a massive increase of 67%. The company raised its full-year bookings guidance twice this year as its titles are performing ahead of expectations.
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f812e8ba-49bd-4a07-9bcc-b887a6edd968
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726123.0
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2020-07-17 00:00:00 UTC
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DELL Crosses Above Average Analyst Target
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DELL
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https://www.nasdaq.com/articles/dell-crosses-above-average-analyst-target-2020-07-17
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nan
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nan
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $58.62, changing hands for $59.10/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 13 different analyst targets contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $50.00. And then on the other side of the spectrum one analyst has a target as high as $70.00. The standard deviation is $5.979.
But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DELL crossing above that average target price of $58.62/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $58.62 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dell Technologies Inc:
RECENT DELL ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 4 4 5 5
Buy ratings: 1 1 1 1
Hold ratings: 5 4 5 5
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 2.1 2.0 2.0 2.0
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DELL — FREE.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DELL crossing above that average target price of $58.62/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $58.62 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dell Technologies Inc:
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $58.62, changing hands for $59.10/share. But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. There are 13 different analyst targets contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average.
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There are 13 different analyst targets contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. And so with DELL crossing above that average target price of $58.62/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $58.62 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $58.62, changing hands for $59.10/share.
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $58.62, changing hands for $59.10/share. There are 13 different analyst targets contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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f39544b0-3f1e-4d54-adcf-cea7daa553ac
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726124.0
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2020-07-16 00:00:00 UTC
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Technology Sector Update for 07/16/2020: DELL,VMW,BOXL,SPCE,TWTR
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-07-16-2020%3A-dellvmwboxlspcetwtr-2020-07-16
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nan
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nan
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Technology stocks pared a portion of their earlier declines, with the SPDR Technology Select Sector ETF declining 1.0% in late trade while the Philadelphia Semiconductor Index was slipping just 0.1%.
In company news, Dell Technologies (DELL) advanced over 12% on Thursday after saying it was exploring a potential spin-off of its 81% ownership stake in software maker VMware (VMW) and has formed a special board committee to evaluate potential offers. VMware also was narrowly higher in late trading.
Boxlight Corp (BOXL) rallied Thursday, at one point climbing over 95% to its highest share price in two years at $4.65, amid rising investor interest in distance learning and after the interactive technology company said it received two Awards of Excellence from Tech & Learning magazine for its Boxlight-EOS distance-teaching training platform for teachers and for its MySTEMKits 3D-printing curriculum.
Virgin Galactic (SPCE) rose nearly 13% after the private-spaceflight company late Wednesday named former Walt Disney Co (DIS) executive Michael Colglazier as its new CEO, succeeding George Whitesides who will become chief space officer beginning on Monday, July 20. Colglazier previously was president and managing director at Disney Parks International.
Twitter (TWTR) declined 1.2% after the company continued its probe into hackers targeting several high-profile accounts, including those of former vice president Joe Biden, Tesla (TSLA) chief executive Elon Musk, Amazon (AMZN) CEO Jeff Bezos, and Microsoft (MSFT) founder Bill Gates, to scam other Twitter users by promising to double all payments they made using Bitcoin cyber-currency.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In company news, Dell Technologies (DELL) advanced over 12% on Thursday after saying it was exploring a potential spin-off of its 81% ownership stake in software maker VMware (VMW) and has formed a special board committee to evaluate potential offers. Boxlight Corp (BOXL) rallied Thursday, at one point climbing over 95% to its highest share price in two years at $4.65, amid rising investor interest in distance learning and after the interactive technology company said it received two Awards of Excellence from Tech & Learning magazine for its Boxlight-EOS distance-teaching training platform for teachers and for its MySTEMKits 3D-printing curriculum. Virgin Galactic (SPCE) rose nearly 13% after the private-spaceflight company late Wednesday named former Walt Disney Co (DIS) executive Michael Colglazier as its new CEO, succeeding George Whitesides who will become chief space officer beginning on Monday, July 20.
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In company news, Dell Technologies (DELL) advanced over 12% on Thursday after saying it was exploring a potential spin-off of its 81% ownership stake in software maker VMware (VMW) and has formed a special board committee to evaluate potential offers. Technology stocks pared a portion of their earlier declines, with the SPDR Technology Select Sector ETF declining 1.0% in late trade while the Philadelphia Semiconductor Index was slipping just 0.1%. VMware also was narrowly higher in late trading.
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In company news, Dell Technologies (DELL) advanced over 12% on Thursday after saying it was exploring a potential spin-off of its 81% ownership stake in software maker VMware (VMW) and has formed a special board committee to evaluate potential offers. Boxlight Corp (BOXL) rallied Thursday, at one point climbing over 95% to its highest share price in two years at $4.65, amid rising investor interest in distance learning and after the interactive technology company said it received two Awards of Excellence from Tech & Learning magazine for its Boxlight-EOS distance-teaching training platform for teachers and for its MySTEMKits 3D-printing curriculum. Virgin Galactic (SPCE) rose nearly 13% after the private-spaceflight company late Wednesday named former Walt Disney Co (DIS) executive Michael Colglazier as its new CEO, succeeding George Whitesides who will become chief space officer beginning on Monday, July 20.
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In company news, Dell Technologies (DELL) advanced over 12% on Thursday after saying it was exploring a potential spin-off of its 81% ownership stake in software maker VMware (VMW) and has formed a special board committee to evaluate potential offers. Technology stocks pared a portion of their earlier declines, with the SPDR Technology Select Sector ETF declining 1.0% in late trade while the Philadelphia Semiconductor Index was slipping just 0.1%. VMware also was narrowly higher in late trading.
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823cdfe0-6a4b-4a36-aaf9-ad4bc1a100e7
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726125.0
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2020-07-16 00:00:00 UTC
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Why Dell Stock Soared Today
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DELL
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https://www.nasdaq.com/articles/why-dell-stock-soared-today-2020-07-16
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nan
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nan
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What happened
Shares of Dell (NYSE: DELL) have soared today, up by 14% as of 12:10 p.m. EDT, after the company announced yesterday evening that it was exploring the idea of selling its majority stake in virtualization specialist VMWare (NYSE: VMW). A potential divestiture could unlock massive value for Dell shareholders.
So what
Rumors have been swirling in recent months that Dell has been examining what to do with its 81% stake in VMWare, with possible outcomes including a spinoff or buying the remaining 19% of the company. Dell is now exploring the former option while noting that it could choose to simply maintain its current ownership interest in VMWare.
Image source: Dell.
Dell emphasizes that it would still want to maintain a mutually beneficial commercial relationship with VMWare should a spinoff occur. A divestiture could help simplify both companies' capital structures while creating substantial enterprise value. Another goal would be to keep VMWare's investment grade credit rating while improving Dell's credit rating to investment grade territory. Moody's said today that a potential spinoff would increase uncertainty for both companies.
Now what
Incredibly, the value of Dell's stake in VMWare ($48 billion) is greater than Dell's entire market cap ($44 billion), even after today's jump. In other words, the market is effectively assigning a negative value to Dell's actual operations of selling PCs and other computing hardware. Dell was the No. 3 PC vendor in the second quarter, according to IDC.
If Dell and VMWare decide to move forward with a spinoff, it would occur in September 2021 or later and Dell would seek to get the deal to qualify as tax-free for federal income tax purposes.
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Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool recommends VMware. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So what Rumors have been swirling in recent months that Dell has been examining what to do with its 81% stake in VMWare, with possible outcomes including a spinoff or buying the remaining 19% of the company. Dell is now exploring the former option while noting that it could choose to simply maintain its current ownership interest in VMWare. In other words, the market is effectively assigning a negative value to Dell's actual operations of selling PCs and other computing hardware.
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Another goal would be to keep VMWare's investment grade credit rating while improving Dell's credit rating to investment grade territory. Now what Incredibly, the value of Dell's stake in VMWare ($48 billion) is greater than Dell's entire market cap ($44 billion), even after today's jump. What happened Shares of Dell (NYSE: DELL) have soared today, up by 14% as of 12:10 p.m. EDT, after the company announced yesterday evening that it was exploring the idea of selling its majority stake in virtualization specialist VMWare (NYSE: VMW).
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What happened Shares of Dell (NYSE: DELL) have soared today, up by 14% as of 12:10 p.m. EDT, after the company announced yesterday evening that it was exploring the idea of selling its majority stake in virtualization specialist VMWare (NYSE: VMW). Now what Incredibly, the value of Dell's stake in VMWare ($48 billion) is greater than Dell's entire market cap ($44 billion), even after today's jump. If Dell and VMWare decide to move forward with a spinoff, it would occur in September 2021 or later and Dell would seek to get the deal to qualify as tax-free for federal income tax purposes.
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Dell was the No. What happened Shares of Dell (NYSE: DELL) have soared today, up by 14% as of 12:10 p.m. EDT, after the company announced yesterday evening that it was exploring the idea of selling its majority stake in virtualization specialist VMWare (NYSE: VMW). A potential divestiture could unlock massive value for Dell shareholders.
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7bfe7c9d-4156-4d39-8ee8-c56a9098efae
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726126.0
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2020-07-16 00:00:00 UTC
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Stock Alert: Dell Technologies Up 14% On Spin Off Plan
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DELL
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https://www.nasdaq.com/articles/stock-alert%3A-dell-technologies-up-14-on-spin-off-plan-2020-07-16
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nan
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nan
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(RTTNews) - Dell Technologies Inc. (DELL) shares are trading 13 percent higher on Thursday as it plans to spin off 81 percent stake in cloud computing software maker VMware Inc. Dell said it is planning to consolidate markets where they operate.
Dell owned the enterprise software powerhouse VMware through acquisition five years ago. DELL is currently at $60.13, up 14.14 percent from its previous close of $52.68 on a volume of 8,690,394. For the 52-week, the shares have traded in a range of $25.51-$60.80 on average volume of 2,744,195.
The views and 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) - Dell Technologies Inc. (DELL) shares are trading 13 percent higher on Thursday as it plans to spin off 81 percent stake in cloud computing software maker VMware Inc. Dell said it is planning to consolidate markets where they operate. Dell owned the enterprise software powerhouse VMware through acquisition five years ago. DELL is currently at $60.13, up 14.14 percent from its previous close of $52.68 on a volume of 8,690,394.
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(RTTNews) - Dell Technologies Inc. (DELL) shares are trading 13 percent higher on Thursday as it plans to spin off 81 percent stake in cloud computing software maker VMware Inc. Dell said it is planning to consolidate markets where they operate. Dell owned the enterprise software powerhouse VMware through acquisition five years ago. DELL is currently at $60.13, up 14.14 percent from its previous close of $52.68 on a volume of 8,690,394.
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(RTTNews) - Dell Technologies Inc. (DELL) shares are trading 13 percent higher on Thursday as it plans to spin off 81 percent stake in cloud computing software maker VMware Inc. Dell said it is planning to consolidate markets where they operate. DELL is currently at $60.13, up 14.14 percent from its previous close of $52.68 on a volume of 8,690,394. Dell owned the enterprise software powerhouse VMware through acquisition five years ago.
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Dell owned the enterprise software powerhouse VMware through acquisition five years ago. DELL is currently at $60.13, up 14.14 percent from its previous close of $52.68 on a volume of 8,690,394. (RTTNews) - Dell Technologies Inc. (DELL) shares are trading 13 percent higher on Thursday as it plans to spin off 81 percent stake in cloud computing software maker VMware Inc. Dell said it is planning to consolidate markets where they operate.
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1caf1649-6ac6-4ea4-b678-baa3bd6112d8
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726127.0
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2020-07-16 00:00:00 UTC
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Technology Sector Update for 07/16/2020: DELL, KVHI, TWTR, TSLA, AMZN, MSFT, XLK, XSD
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-07-16-2020%3A-dell-kvhi-twtr-tsla-amzn-msft-xlk-xsd-2020-07-16
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nan
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nan
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Technology stocks were flat to lower premarket Thursday. The Technology Select Sector SPDR ETF (XLK) was down over 1% while the SPDR S&P Semiconductor (XSD) was recently inactive.
Dell Technologies (DELL) was gaining more than 9% in value after saying it is exploring a potential spin-off of its 81% ownership of software maker VMware (VMW). In response, VMware said it has formed a committee to evaluate the potential spin-off and initially found it may be "value-enhancing" to shareholders. VMware was slightly higher in recent trading.
KVH Industries (KVHI) was climbing past 12% after saying it was awarded an order valued at $10 million for its TACNAV tactical navigation systems by an international military customer.
Hackers have targeted Twitter (TWTR) accounts belonging to Tesla (TSLA) CEO Elon Musk, Amazon (AMZN) CEO Jeff Bezos, and Microsoft (MSFT) founder Bill Gates by asking for Bitcoin while promising to "double all payments," CNBC reported. Twitter was down more than 4% recently.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL) was gaining more than 9% in value after saying it is exploring a potential spin-off of its 81% ownership of software maker VMware (VMW). In response, VMware said it has formed a committee to evaluate the potential spin-off and initially found it may be "value-enhancing" to shareholders. KVH Industries (KVHI) was climbing past 12% after saying it was awarded an order valued at $10 million for its TACNAV tactical navigation systems by an international military customer.
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Dell Technologies (DELL) was gaining more than 9% in value after saying it is exploring a potential spin-off of its 81% ownership of software maker VMware (VMW). In response, VMware said it has formed a committee to evaluate the potential spin-off and initially found it may be "value-enhancing" to shareholders. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL) was gaining more than 9% in value after saying it is exploring a potential spin-off of its 81% ownership of software maker VMware (VMW). The Technology Select Sector SPDR ETF (XLK) was down over 1% while the SPDR S&P Semiconductor (XSD) was recently inactive. Hackers have targeted Twitter (TWTR) accounts belonging to Tesla (TSLA) CEO Elon Musk, Amazon (AMZN) CEO Jeff Bezos, and Microsoft (MSFT) founder Bill Gates by asking for Bitcoin while promising to "double all payments," CNBC reported.
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Dell Technologies (DELL) was gaining more than 9% in value after saying it is exploring a potential spin-off of its 81% ownership of software maker VMware (VMW). Technology stocks were flat to lower premarket Thursday. The Technology Select Sector SPDR ETF (XLK) was down over 1% while the SPDR S&P Semiconductor (XSD) was recently inactive.
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4fe943b3-8397-402f-8de2-9f7b1d6a8e13
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726128.0
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2020-07-15 00:00:00 UTC
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Dell evaluating spinoff of 81% stake in VMware
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DELL
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https://www.nasdaq.com/articles/dell-evaluating-spinoff-of-81-stake-in-vmware-2020-07-15
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nan
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nan
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Adds VMware statement, background, shares
July 15 (Reuters) - Dell Technologies Inc DELL.N is considering a spinoff of its 81% stake in VMware VMW.N, the PC maker said on Wednesday, adding that such a move would not occur before September next year.
The company said the evaluation was in an early stage and it was looking at options including maintaining its current ownership.
VMware said a spin-off could result in a simpler capital structure and that it has formed a special committee to take forward discussions with Dell.
Dell shares jumped 7%, while VMware rose 5% in aftermarket trading.
VMware is currently Dell's best performing unit as the business benefits from companies looking to cut costs move to the cloud, a shift that is being speeded up by the coronavirus pandemic.
The unit's revenue increased 12% in the latest reported quarter, even as Dell's total revenue growth dipped.
(Reporting by Neha Malara; Editing by Aditya Soni and Arun Koyyur)
((neha.malara@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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VMware said a spin-off could result in a simpler capital structure and that it has formed a special committee to take forward discussions with Dell. VMware is currently Dell's best performing unit as the business benefits from companies looking to cut costs move to the cloud, a shift that is being speeded up by the coronavirus pandemic. Adds VMware statement, background, shares July 15 (Reuters) - Dell Technologies Inc DELL.N is considering a spinoff of its 81% stake in VMware VMW.N, the PC maker said on Wednesday, adding that such a move would not occur before September next year.
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Dell shares jumped 7%, while VMware rose 5% in aftermarket trading. The unit's revenue increased 12% in the latest reported quarter, even as Dell's total revenue growth dipped. Adds VMware statement, background, shares July 15 (Reuters) - Dell Technologies Inc DELL.N is considering a spinoff of its 81% stake in VMware VMW.N, the PC maker said on Wednesday, adding that such a move would not occur before September next year.
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Adds VMware statement, background, shares July 15 (Reuters) - Dell Technologies Inc DELL.N is considering a spinoff of its 81% stake in VMware VMW.N, the PC maker said on Wednesday, adding that such a move would not occur before September next year. VMware is currently Dell's best performing unit as the business benefits from companies looking to cut costs move to the cloud, a shift that is being speeded up by the coronavirus pandemic. VMware said a spin-off could result in a simpler capital structure and that it has formed a special committee to take forward discussions with Dell.
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Adds VMware statement, background, shares July 15 (Reuters) - Dell Technologies Inc DELL.N is considering a spinoff of its 81% stake in VMware VMW.N, the PC maker said on Wednesday, adding that such a move would not occur before September next year. VMware said a spin-off could result in a simpler capital structure and that it has formed a special committee to take forward discussions with Dell. Dell shares jumped 7%, while VMware rose 5% in aftermarket trading.
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d34a791c-e6d9-4ce7-b2a6-a06ff47910fb
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726129.0
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2020-07-15 00:00:00 UTC
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Dell considering potential spin-off of VMware stake
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DELL
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https://www.nasdaq.com/articles/dell-considering-potential-spin-off-of-vmware-stake-2020-07-15
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nan
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nan
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July 15 (Reuters) - Dell Technologies Inc DELL.N is exploring a potential spin-off of its majority stake in VMware VMW.N, the PC maker said on Wednesday.
The company said the exploration was in an early stage and any spin-off would not occur before September 2021.
(Reporting by Neha Malara; Editing by Aditya Soni)
((neha.malara@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.
|
July 15 (Reuters) - Dell Technologies Inc DELL.N is exploring a potential spin-off of its majority stake in VMware VMW.N, the PC maker said on Wednesday. The company said the exploration was in an early stage and any spin-off would not occur before September 2021. (Reporting by Neha Malara; Editing by Aditya Soni) ((neha.malara@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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July 15 (Reuters) - Dell Technologies Inc DELL.N is exploring a potential spin-off of its majority stake in VMware VMW.N, the PC maker said on Wednesday. The company said the exploration was in an early stage and any spin-off would not occur before September 2021. (Reporting by Neha Malara; Editing by Aditya Soni) ((neha.malara@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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July 15 (Reuters) - Dell Technologies Inc DELL.N is exploring a potential spin-off of its majority stake in VMware VMW.N, the PC maker said on Wednesday. The company said the exploration was in an early stage and any spin-off would not occur before September 2021. (Reporting by Neha Malara; Editing by Aditya Soni) ((neha.malara@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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July 15 (Reuters) - Dell Technologies Inc DELL.N is exploring a potential spin-off of its majority stake in VMware VMW.N, the PC maker said on Wednesday. The company said the exploration was in an early stage and any spin-off would not occur before September 2021. (Reporting by Neha Malara; Editing by Aditya Soni) ((neha.malara@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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d01f4a11-9d98-4909-a9dc-b089a37d562d
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726130.0
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2020-07-13 00:00:00 UTC
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Q2 Won't Be as Bad for HP and Apple as Feared -- For One (Not) Surprising Reason
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DELL
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https://www.nasdaq.com/articles/q2-wont-be-as-bad-for-hp-and-apple-as-feared-for-one-not-surprising-reason-2020-07-13
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nan
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nan
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The second quarter's marketwide earnings are going to be rough -- that's not in dispute. The only question is: How bad? Whereas only the final month of the first quarter of 2020 was crimped by coronavirus lockdowns in the United States, the entire three-month stretch we just wrapped up has been mired by the pandemic.
The outbreak has proven particularly problematic for the United States tech industry, including big-name companies like HP (NYSE: HPQ) and Apple (NASDAQ: AAPL). Lockdown measures in China late last year not only cut consumers' access to consumer-tech goods like the Apple iPhone, getting technological components and goods out of China was also a struggle.
As CEO Tim Cook noted in April of the quarter ending in March: "In the next [middle] five weeks of the quarter, as COVID-19 started impacting China, iPhone supply was temporarily affected, as well as demand for our products within China." Apple's iPhone revenue for that accounting period went on to fall 7% year over year. The company's total product sales were off by a little more than 3%. Apple's unwillingness to offer guidance for the quarter ending in June didn't suggest those results would be any better.
Things may not be as disastrous for the technology sector in the second quarter as the headlines would suggest, though. Challenges still abound to be sure, but there's one decided bright spot to help offset broad weakness.
Consumers bought HP laptops and PCs in droves when COVID-19 forced them to work at home. Image source: Getty Images.
HP, Apple take a personal computer victory lap
Getting straight to the point, shipments of personal computers -- a category that includes laptops but excludes the iPad and Chromebooks -- were up 2.8% year over year during Q2 2020. That's according to data from information technology market research outfit Gartner anyway, though the same trend is confirmed by similar numbers from International Data Corporation, or IDC. IDC's final figure says PC shipments improved a little more than 11% last quarter, on a year-over-year basis.
Shipments aren't necessarily the same thing as an actual sale to an end-user, though shipments are a good indication of sell-through to consumers.
The basis of the demand isn't tough to figure out. A whole slew of people all over the world were forced to start working from home during Q2, but weren't equipped to do so. They bought what personal computers they could from an industry that wasn't quite ready for the surge. Indeed, it's impressive that PC makers were able to supply the numbers they could at all, even if that swell in demand will be short-lived.
More important to investors, personal computer revenue growth will help abate the weakness on other fronts that's sure to haunt second-quarter reports. For instance, IDC reported last month that the growing number of employees suddenly working at home means the number of pages likely to be printed this year will fall nearly 14%.
The rising tide of computer sales isn't lifting computer makers' boats evenly, however. It's proving particularly bullish for Apple, HP, and Acer. At the other end of the spectrum, Dell (NYSE: DELL) and Lenovo (OTC: LNVGY) have been oddly disappointing on the personal computer front.
Note that IDC's and Gartner's shipment estimates are similar, even if not identical.
Gartner's Q2 Personal Computer Shipment Estimates, Comparisons
COMPANY Q2 2019 UNIT SHIPMENTS Q2 2020 UNIT SHIPMENTS Q2 2019 MARKET SHARE Q2 2020 MARKET SHARE CHANGE (YOY)
Lenovo 15,541 16,197 24.7% 25% 4.2%
HP 13,810 16,165 21.9% 24.9% 17.1%
Dell Technologies 10,680 10,648 16.9% 16.4% (0.3%)
Apple 4,157 4,368 6.6% 6.7% 5.1%
Acer Group 3,241 4,007 5.1% 6.2% 23.6%
ASUS 2,960 3,593 4.7% 5.5% 21.4%
Others 12,658 9,829 20.1% 15.2% (22.4%)
Total 63,047 64,808 100% 100% 2.80%
Data source: Gartner Q2 2020 PC shipments report. Unit data is in thousands.
IDC's Q2 Personal Computer Shipment Estimates, Comparisons
COMPANY Q2 2019 UNIT SHIPMENTS Q2 2020 UNIT SHIPMENTS Q2 2019 MARKET SHARE Q2 2020 MARKET SHARE CHANGE (YOY)
Lenovo 16,214 17,411 24.9% 24.1% 7.4%
HP 15,366 18,082 23.6% 25% 17.7%
Dell Technologies 11,606 12,010 17.9% 16.6% 3.5%
Apple 4,112 5,594 6.3% 7.7% 36%
Acer Group 4,285 4,828 6.6% 6.7% 12.7%
Others 13,420 14,337 20.6% 19.8% 6.8%
Total 65,003 72,261 100% 100% 11.2%
Data source: IDC Q2 2020 PC shipments report. Unit data is in thousands.
A backdrop of doubt
Don't misread the message. Solid computer sales won't translate into a heroic second calendar quarter for Apple. Mac sales account for less than one-tenth of the company's revenue, and the COVID-19 overhang remains palpable.
Still, every little bit helps when things are as tough as they are right now... even for Apple.
HP, on the other hand, may fare much better than many investors are currently expecting. PC sales make up around two-thirds of its top line, and IDC and Gartner agreed that HP's computer shipments grew in excess of 17% during calendar Q2. Meanwhile, the analyst community is modeling a more than 9% decrease of its top line for the quarter ending this month. That pessimistic outlook is matched by a consensus per-share earnings estimate of $0.43, down from the $0.58 per share the company earned in the same quarter a year earlier.
Data source: Thomson Reuters/Refinitiv. Chart by author.
The proverbial chips will fall for HP sometime in late August, when it's expected to reveal the numbers for its fiscal third quarter ending this month. Apple's quarterly report slated for July 30, however, will give us an early look at how the personal computer market performed during the recently ended second quarter. Dell's next quarterly report will probably be released in late September, covering the three-month span that started in early May.
Note that Dell's revenue during the previous quarter was flat despite its two-month window to meet the needs of the work-at-home market that materialized in March. Neither Gartner nor IDC seems to think much has changed for it in the meantime.
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James Brumley has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Apple. The Motley Fool recommends Gartner. 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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At the other end of the spectrum, Dell (NYSE: DELL) and Lenovo (OTC: LNVGY) have been oddly disappointing on the personal computer front. Dell Technologies 10,680 10,648 16.9% 16.4% (0.3%) Apple 4,157 4,368 6.6% 6.7% 5.1% Acer Group 3,241 4,007 5.1% 6.2% 23.6% Dell Technologies 11,606 12,010 17.9% 16.6% 3.5% Apple 4,112 5,594 6.3% 7.7% 36% Acer Group 4,285 4,828 6.6% 6.7% 12.7% Others 13,420 14,337 20.6% 19.8% 6.8% Total 65,003 72,261 100% 100% 11.2% Data source: IDC Q2 2020 PC shipments report.
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Dell Technologies 11,606 12,010 17.9% 16.6% 3.5% Apple 4,112 5,594 6.3% 7.7% 36% Acer Group 4,285 4,828 6.6% 6.7% 12.7% Others 13,420 14,337 20.6% 19.8% 6.8% Total 65,003 72,261 100% 100% 11.2% Data source: IDC Q2 2020 PC shipments report. At the other end of the spectrum, Dell (NYSE: DELL) and Lenovo (OTC: LNVGY) have been oddly disappointing on the personal computer front. Dell Technologies 10,680 10,648 16.9% 16.4% (0.3%) Apple 4,157 4,368 6.6% 6.7% 5.1% Acer Group 3,241 4,007 5.1% 6.2% 23.6%
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Dell Technologies 11,606 12,010 17.9% 16.6% 3.5% Apple 4,112 5,594 6.3% 7.7% 36% Acer Group 4,285 4,828 6.6% 6.7% 12.7% Others 13,420 14,337 20.6% 19.8% 6.8% Total 65,003 72,261 100% 100% 11.2% Data source: IDC Q2 2020 PC shipments report. At the other end of the spectrum, Dell (NYSE: DELL) and Lenovo (OTC: LNVGY) have been oddly disappointing on the personal computer front. Dell Technologies 10,680 10,648 16.9% 16.4% (0.3%) Apple 4,157 4,368 6.6% 6.7% 5.1% Acer Group 3,241 4,007 5.1% 6.2% 23.6%
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Dell Technologies 11,606 12,010 17.9% 16.6% 3.5% Apple 4,112 5,594 6.3% 7.7% 36% Acer Group 4,285 4,828 6.6% 6.7% 12.7% Others 13,420 14,337 20.6% 19.8% 6.8% Total 65,003 72,261 100% 100% 11.2% Data source: IDC Q2 2020 PC shipments report. At the other end of the spectrum, Dell (NYSE: DELL) and Lenovo (OTC: LNVGY) have been oddly disappointing on the personal computer front. Dell Technologies 10,680 10,648 16.9% 16.4% (0.3%) Apple 4,157 4,368 6.6% 6.7% 5.1% Acer Group 3,241 4,007 5.1% 6.2% 23.6%
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b3fbcc76-b36d-4a32-8a88-092cad51bb9a
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726131.0
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2020-07-12 00:00:00 UTC
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Gartner: PC Shipments Rise Anew in Q2
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DELL
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https://www.nasdaq.com/articles/gartner%3A-pc-shipments-rise-anew-in-q2-2020-07-12
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nan
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nan
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Reversing the previous quarter's decline, global PC shipments rose in the second quarter. According to preliminary data compiled by tech industry researcher Gartner (NYSE: IT), the rise clocked in at 2.8% on a year-over-year basis. The first quarter decline, as tracked by the company, was a steep 12.3%.
According to Gartner, two factors in particular helped turn the growth dynamic around: significant increases in the Europe, Middle East and Africa mega-region, and a rapid recovery in the supply chain after the massive disruptions engendered by the global coronavirus outbreak (which also affected the buying behavior of both businesses and individuals).
Image source: Getty Images.
Also, wrote the researcher, "mobile PC growth was particularly strong, driven by several factors including business continuity for remote working, online education and consumers' entertainment needs."
Gartner's figures reveal rather uneven growth figures for the global PC vendors it tracks.
The company it ranks as No. 1 in terms of market share, China's Lenovo (OTC: LNVGY), enjoyed a 4% year-over-year increase to almost 16.2 million units shipped, while close runner-up HP (NYSE: HPQ) powered to a 17% rise. Dell Technologies' Dell was essentially stagnant, while Apple managed a 5% bump.
All told during the quarter, the world's PC vendors shipped just over 64.8 million units.
Each of those vendors suffered year-over-year declines in the first quarter, save for Dell. These falls ranged from slightly over 3% for Lenovo, to the 26%-plus suffered by ASUS.
Perhaps feeling relieved, investors bid up the stocks of several big PC makers on Friday. Lenovo's shares rose by 3.2% and HP's climbed slightly higher. Both beat the gains of the top equity indexes on the day.
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*Stock Advisor returns as of June 2, 2020
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Apple. The Motley Fool recommends Gartner. 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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Dell Technologies' Dell was essentially stagnant, while Apple managed a 5% bump. Each of those vendors suffered year-over-year declines in the first quarter, save for Dell. According to Gartner, two factors in particular helped turn the growth dynamic around: significant increases in the Europe, Middle East and Africa mega-region, and a rapid recovery in the supply chain after the massive disruptions engendered by the global coronavirus outbreak (which also affected the buying behavior of both businesses and individuals).
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Dell Technologies' Dell was essentially stagnant, while Apple managed a 5% bump. Each of those vendors suffered year-over-year declines in the first quarter, save for Dell. Gartner's figures reveal rather uneven growth figures for the global PC vendors it tracks.
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Dell Technologies' Dell was essentially stagnant, while Apple managed a 5% bump. Each of those vendors suffered year-over-year declines in the first quarter, save for Dell. Reversing the previous quarter's decline, global PC shipments rose in the second quarter.
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Each of those vendors suffered year-over-year declines in the first quarter, save for Dell. Dell Technologies' Dell was essentially stagnant, while Apple managed a 5% bump. That's right -- they think these 10 stocks are even better buys.
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19eea84e-34c8-4527-b0a8-4a0a9c1642f5
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726132.0
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2020-07-11 00:00:00 UTC
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Remote Work and Remote Learning Are Driving a Surge in PC Demand
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DELL
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https://www.nasdaq.com/articles/remote-work-and-remote-learning-are-driving-a-surge-in-pc-demand-2020-07-11
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nan
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nan
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The coronavirus pandemic is creating a boom in demand for traditional PCs, due to a wholesale shift to remote work at many companies across multiple industries. In addition, educational institutions have also moved toward remote learning solutions. The mature PC market had been stagnating for years in terms of unit volumes, but the virus has fundamentally altered many aspects of society.
Here's how the PC market fared in the second quarter.
Among the top vendors, Apple saw the biggest jump in shipments. Image source: Apple.
Supply recovers to meet demand
This week, market researcher IDC released its latest estimates on the PC market, which showed that worldwide shipments jumped 11.2% to 72.3 million in the second quarter. The consumer electronics supply chain had been impacted early on in the quarter but quickly recovered as China undertook drastic measures to contain the virus. In contrast, global unit volumes had fallen in Q1 as companies struggled to keep up with demand.
Here are the top five PC vendors, according to IDC.
VENDOR
Q2 2020 SHIPMENTS
Q2 2020 MARKET SHARE
GROWTH (YOY)
HP (NYSE: HPQ)
18.1 million
25%
17.7%
Lenovo (OTC: LNVGY)
17.4 million
24.1%
7.4%
Dell (NYSE: DELL)
12 million
16.6%
3.5%
Apple (NASDAQ: AAPL)
5.6 million
7.7%
36%
Acer
4.8 million
6.7%
12.7%
Others
14.3 million
19.8%
6.8%
Total
72.3 million
100%
11.2%
Data source: IDC. YOY = year over year.
"The strong demand driven by work-from-home as well as e-learning needs has surpassed previous expectations and has once again put the PC at the center of consumers' tech portfolio," IDC research manager Jitesh Ubrani said in a statement. "What remains to be seen is if this demand and high level of usage continues during a recession and into the post-COVID world since budgets are shrinking while schools and workplaces reopen."
HP overtook Lenovo to become the No. 1 vendor, after the Chinese original equipment manufacturer topped the rankings in Q1. HP successfully fended off a hostile takeover attempt by Xerox around the turn of the quarter, removing a major distraction and allowing the company to focus on the core business.
Dell is reportedly considering buying out the rest of VMware that it doesn't already own, a little under 20% of the virtualization specialist. Credit rating agency Moody's has said any potential deal wouldn't impact either company's existing credit ratings. Dell COO Jeff Clarke said in May, "Customers need essential technology now more than ever to put business continuity, remote working and learning plans into practice."
Apple updated its 13-inch MacBook Pro in May, finalizing its transition away from its beleaguered butterfly keyboards. That professional laptop is among the company's most popular models, which might explain Apple's 36% jump in shipments. More recently, Apple at long last announced that it would ditch Intel chips in Macs and shift to its own proprietary chips, a process that is expected to take about two years.
10 stocks we like better than Apple
When investing geniuses David and Tom Gardner have 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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See the 10 stocks
*Stock Advisor returns as of June 2, 2020
Evan Niu, CFA owns shares of Apple. The Motley Fool owns shares of and recommends Apple and Moody's. The Motley Fool recommends Intel and VMware. 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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18.1 million 25% 17.7% Lenovo (OTC: LNVGY) 17.4 million 24.1% 7.4% Dell (NYSE: DELL) 12 million 16.6% 3.5% Apple (NASDAQ: AAPL) 5.6 million 7.7% 36% Acer 4.8 million 6.7% 12.7% Others 14.3 million 19.8% 6.8% Total 72.3 million 100% 11.2% Data source: IDC. Dell is reportedly considering buying out the rest of VMware that it doesn't already own, a little under 20% of the virtualization specialist. Dell COO Jeff Clarke said in May, "Customers need essential technology now more than ever to put business continuity, remote working and learning plans into practice."
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18.1 million 25% 17.7% Lenovo (OTC: LNVGY) 17.4 million 24.1% 7.4% Dell (NYSE: DELL) 12 million 16.6% 3.5% Apple (NASDAQ: AAPL) 5.6 million 7.7% 36% Acer 4.8 million 6.7% 12.7% Others 14.3 million 19.8% 6.8% Total 72.3 million 100% 11.2% Data source: IDC. Dell COO Jeff Clarke said in May, "Customers need essential technology now more than ever to put business continuity, remote working and learning plans into practice." Dell is reportedly considering buying out the rest of VMware that it doesn't already own, a little under 20% of the virtualization specialist.
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18.1 million 25% 17.7% Lenovo (OTC: LNVGY) 17.4 million 24.1% 7.4% Dell (NYSE: DELL) 12 million 16.6% 3.5% Apple (NASDAQ: AAPL) 5.6 million 7.7% 36% Acer 4.8 million 6.7% 12.7% Others 14.3 million 19.8% 6.8% Total 72.3 million 100% 11.2% Data source: IDC. Dell is reportedly considering buying out the rest of VMware that it doesn't already own, a little under 20% of the virtualization specialist. Dell COO Jeff Clarke said in May, "Customers need essential technology now more than ever to put business continuity, remote working and learning plans into practice."
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18.1 million 25% 17.7% Lenovo (OTC: LNVGY) 17.4 million 24.1% 7.4% Dell (NYSE: DELL) 12 million 16.6% 3.5% Apple (NASDAQ: AAPL) 5.6 million 7.7% 36% Acer 4.8 million 6.7% 12.7% Others 14.3 million 19.8% 6.8% Total 72.3 million 100% 11.2% Data source: IDC. Dell is reportedly considering buying out the rest of VMware that it doesn't already own, a little under 20% of the virtualization specialist. Dell COO Jeff Clarke said in May, "Customers need essential technology now more than ever to put business continuity, remote working and learning plans into practice."
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5038c811-6f3c-4f8d-9c22-bf65b9684440
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726133.0
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2020-07-10 00:00:00 UTC
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Global PC Shipments Rebound In Q2 Amid COVID-19 Pandemic
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DELL
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https://www.nasdaq.com/articles/global-pc-shipments-rebound-in-q2-amid-covid-19-pandemic-2020-07-10
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nan
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nan
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(RTTNews) - Global PC shipments returned to growth in the second quarter of 2020 after seeing a significant decline in the preceding first quarter due to COVID-19 related supply-chain disruptions, according to reports by two research firms.
The PC market returned to growth in the quarter as production ramped up and vendors restocked their supplies to near-normal levels.
The International Data Corporation or IDC said global PC shipments in the second quarter rose 11.2 percent year over year to 72.3 million units.
According to the IDC's Worldwide Quarterly Personal Computing Device Tracker, the traditional PC market is comprised of desktops, notebooks, and workstations, but do not include Tablets or x86 Servers.
"The strong demand driven by work-from-home as well as e-learning needs has surpassed previous expectations and has once again put the PC at the center of consumers' tech portfolio," said Jitesh Ubrani research manager for IDC's Mobile Device Trackers.
However, Ubrani added that it remained to be seen if the demand and high level of usage continued during a recession and into the post-COVID world as budgets shrink and schools as well as workplaces reopen.
According to IDC, HP Inc. was the top-ranked vendor, with worldwide PC shipments of 18.08 million units, up 17.7 percent from the year-ago quarter. Lenovo Group was ranked second with 7.4 percent growth in shipments to 17.41 million units.
Dell Technologies stood in third position, with its PC shipments rising 3.5 percent to 12.01 million units. Apple's shipments surged 36 percent to 5.59 million units, while Acer Group's shipments climbed 12.7 percent to 4.83 million units.
Meanwhile, a report by Gartner Inc. showed that worldwide PC shipments in the second quarter rose 2.8 percent from the year-ago period to 64.8 million units.
Gartner's report includes desk-based PCs, notebook PCs and ultramobile premiums such as Microsoft Surface, but excludes Chromebooks and iPads.
According to Gartner's data, Lenovo maintained its position as the top-ranked vendor with a 4.2 percent year-over-year increase in second-quarter shipments to 16.20 million units. HP was a close second, with 17.1 percent growth in shipments to 16.17 million units.
Dell's shipments declined 0.3 percent to 10.65 million units; Apple shipments rose 5.1 percent to 4.37 million units; and Acer shipments grew 23.6 percent to 4.01 million units.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies stood in third position, with its PC shipments rising 3.5 percent to 12.01 million units. Dell's shipments declined 0.3 percent to 10.65 million units; Apple shipments rose 5.1 percent to 4.37 million units; and Acer shipments grew 23.6 percent to 4.01 million units. According to the IDC's Worldwide Quarterly Personal Computing Device Tracker, the traditional PC market is comprised of desktops, notebooks, and workstations, but do not include Tablets or x86 Servers.
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Dell's shipments declined 0.3 percent to 10.65 million units; Apple shipments rose 5.1 percent to 4.37 million units; and Acer shipments grew 23.6 percent to 4.01 million units. Dell Technologies stood in third position, with its PC shipments rising 3.5 percent to 12.01 million units. According to IDC, HP Inc. was the top-ranked vendor, with worldwide PC shipments of 18.08 million units, up 17.7 percent from the year-ago quarter.
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Dell's shipments declined 0.3 percent to 10.65 million units; Apple shipments rose 5.1 percent to 4.37 million units; and Acer shipments grew 23.6 percent to 4.01 million units. Dell Technologies stood in third position, with its PC shipments rising 3.5 percent to 12.01 million units. According to IDC, HP Inc. was the top-ranked vendor, with worldwide PC shipments of 18.08 million units, up 17.7 percent from the year-ago quarter.
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Dell's shipments declined 0.3 percent to 10.65 million units; Apple shipments rose 5.1 percent to 4.37 million units; and Acer shipments grew 23.6 percent to 4.01 million units. Dell Technologies stood in third position, with its PC shipments rising 3.5 percent to 12.01 million units. According to IDC, HP Inc. was the top-ranked vendor, with worldwide PC shipments of 18.08 million units, up 17.7 percent from the year-ago quarter.
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7f44a79c-d270-4e61-be50-9f0eb6c474eb
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726134.0
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2020-07-09 00:00:00 UTC
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3 Top Cloud Computing Stocks to Buy Right Now
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DELL
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https://www.nasdaq.com/articles/3-top-cloud-computing-stocks-to-buy-right-now-2020-07-09
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nan
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nan
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Cloud computing has been a promising investment theme in recent years. As NVIDIA (NASDAQ: NVDA) CEO Jensen Huang said on a recent conference call, "The basic computing elements are now storage servers, CPU servers, and GPU servers and are composed and orchestrated by hyperscale applications that are serving millions of users simultaneously."
Research firm Gartner previously forecast that the total cloud computing market will grow 17% this year to reach $266 billion, and that was before a global pandemic accelerated the trend. There are a number of different markets within the broader cloud market. Microsoft (NASDAQ: MSFT) is the leader in the enterprise software-as-a-service (SaaS) segment with commercial products like Microsoft 365.
However, the cloud infrastructure services market is where the heavyweights such as Amazon Web Services (AWS) and Microsoft Azure are knocking heads. Cloud infrastructure services, including what's known as infrastructure as a service (IaaS), are growing faster than SaaS. Microsoft and Alibaba (NYSE: BABA) are two of the largest providers in the world, and both are gaining market share.
Here's why NVIDIA, Microsoft, and Alibaba are great stock choices if you're looking to invest in cloud computing.
Image source: Getty Images.
NVIDIA: The backbone of the cloud market
NVIDIA supplies graphics processing units (GPUs) to all the major cloud providers, and its sales growth in that market has been explosive. Its data center revenue soared from $339 million in fiscal 2016 to $2.99 billion in fiscal 2020. Sales in that segment totaled $1.14 billion in the first quarter of fiscal 2021, up 80% year over year.
NVIDIA just launched the A100 GPU, which will be deployed by Alibaba Cloud, AWS, Baidu Cloud, Dell Technologies, Alphabet's Google Cloud, and Microsoft Azure. Its DGX A100 can use up to 56 GPUs to handle the most demanding high-performance workloads, such as artificial intelligence applications.
Selling this high-powered hardware is great for margins. Non-GAAP gross margin increased to 65.8% last quarter, up 6.8 percentage points year over year. This was due to a favorable sales mix of GeForce GPUs for gaming and higher data center sales.
NVIDIA just completed its acquisition of Mellanox, a leading supplier of switches, cables, and other networking solutions for data centers. Mellanox will be included in NVIDIA's data center segment and gives the company a much wider catalog of offerings with which to compete for business as the big cloud providers expand their data center operations.
With the addition of Mellanox, NVIDIA expects fiscal second-quarter revenue to reach approximately $3.65 billion, up 41% year over year.
NVIDIA is in a great position to benefit from the growth of cloud computing. During its latest earnings call, Huang said, "I think that accelerated cloud computing is a movement that is going to be a multiyear, if not a decade-long, transition."
Given that lengthy transition cycle as organizations shift from on-premise servers to the cloud, I wouldn't be afraid to open a small position in NVIDIA stock. It currently trades at a forward price-to-earnings (P/E) ratio of 47 with a small dividend that yields 0.2%.
Microsoft: Gaining ground on the leader
While Microsoft leads in the enterprise SaaS market, it's in a distant second place position behind Amazon in the cloud infrastructure market. But Microsoft's share of cloud infrastructure spending has increased from 16% to 18% over the last year.
"We have more data center regions than any other cloud provider, and this quarter we announced new regions in Mexico, as well as in Spain," CEO Satya Nadella said during a recent call. "We are the only cloud that extends to the edge with consistency across operating models, development environments, and infrastructure stack."
Microsoft is winning the business of top organizations, including Coca-Cola and the National Basketball Association. "In AI, customers are applying our comprehensive portfolio of tools, services, and infrastructure to address unique challenges, including those created by COVID-19," Nadella said.
Microsoft's intelligent cloud segment revenue grew 29% on a constant-currency basis last quarter to $12.3 billion. Total revenue increased 15% year over year to $35.0 billion.
In addition to strong top-line growth, the tech giant is a cash machine, generating $13.7 billion in free cash flow in the most recent quarter, up 25% year over year. Management attributed this to healthy cloud billings and collections.
Microsoft might be the best cloud stock to own right now, given its share gains and its dominance in the consumer market with Windows and Office software. The stock trades at a forward P/E of 35 and sports a dividend that yields just under 1% as of this writing.
Data by YCharts.
Alibaba: Dominating China's cloud and e-commerce market
Alibaba is a leading digital platform in China, where it serves 780 million users across its e-commerce, retail, and streaming media businesses. Globally, Alibaba has 960 million users and has set a goal of reaching two billion by 2036.
Investors should keep an eye on Alibaba Cloud -- the top provider in China. That unit provides only 11% of the company's total top line, but its revenue increased 58% year over year in its fiscal 2020 fourth quarter. That growth was driven by increased video consumption and the wide adoption of remote working and learning during the COVID-19 pandemic.
With Alibaba, investors get a fast-growing cloud computing leader along with enormous potential to benefit from growth in e-commerce. During the company's lastearnings call CEO Daniel Zhang said, "Our scale has now reached one-sixth of China's total retail sales, which was about $6 trillion last year, and we believe there is still tremendous potential of growth."
On cloud, Zhang was equally optimistic: "We believe the pandemic will further accelerate digital transformation of enterprises. All industries, including public sectors, will choose to move their technology infrastructure to the cloud."
Alibaba is the best value featured here with a forward P/E of 30. That valuation reflects the risk of investing in Chinese companies, but given the massive potential for growth, Alibaba might be a steal at current levels.
Importance of sustainable growth
The best way to boost the value of your nest egg is to invest in growth stocks. But you want to pick companies that can deliver sustainable growth, so that the value of your investment can compound for many years.
While nothing is guaranteed in the business world or the stock market, investing in companies that are benefiting from the rapid growth of cloud computing is as close to a sure bet as you'll find in your portfolio.
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. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. John Ballard owns shares of Amazon, Microsoft, and NVIDIA. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., Alphabet (A shares), Alphabet (C shares), Amazon, Baidu, Microsoft, and NVIDIA. The Motley Fool recommends Gartner and recommends the following options: long January 2022 $1920 calls on Amazon, short January 2021 $115 calls on Microsoft, long January 2021 $85 calls on Microsoft, and short January 2022 $1940 calls on Amazon. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NVIDIA just launched the A100 GPU, which will be deployed by Alibaba Cloud, AWS, Baidu Cloud, Dell Technologies, Alphabet's Google Cloud, and Microsoft Azure. "We have more data center regions than any other cloud provider, and this quarter we announced new regions in Mexico, as well as in Spain," CEO Satya Nadella said during a recent call. "In AI, customers are applying our comprehensive portfolio of tools, services, and infrastructure to address unique challenges, including those created by COVID-19," Nadella said.
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NVIDIA just launched the A100 GPU, which will be deployed by Alibaba Cloud, AWS, Baidu Cloud, Dell Technologies, Alphabet's Google Cloud, and Microsoft Azure. "We have more data center regions than any other cloud provider, and this quarter we announced new regions in Mexico, as well as in Spain," CEO Satya Nadella said during a recent call. "In AI, customers are applying our comprehensive portfolio of tools, services, and infrastructure to address unique challenges, including those created by COVID-19," Nadella said.
|
NVIDIA just launched the A100 GPU, which will be deployed by Alibaba Cloud, AWS, Baidu Cloud, Dell Technologies, Alphabet's Google Cloud, and Microsoft Azure. "We have more data center regions than any other cloud provider, and this quarter we announced new regions in Mexico, as well as in Spain," CEO Satya Nadella said during a recent call. "In AI, customers are applying our comprehensive portfolio of tools, services, and infrastructure to address unique challenges, including those created by COVID-19," Nadella said.
|
NVIDIA just launched the A100 GPU, which will be deployed by Alibaba Cloud, AWS, Baidu Cloud, Dell Technologies, Alphabet's Google Cloud, and Microsoft Azure. "We have more data center regions than any other cloud provider, and this quarter we announced new regions in Mexico, as well as in Spain," CEO Satya Nadella said during a recent call. "In AI, customers are applying our comprehensive portfolio of tools, services, and infrastructure to address unique challenges, including those created by COVID-19," Nadella said.
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2160b38c-8d40-45d7-8063-d5887f17a20d
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726135.0
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2020-07-08 00:00:00 UTC
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We Did The Math EUSA Can Go To $63
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DELL
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https://www.nasdaq.com/articles/we-did-the-math-eusa-can-go-to-%2463-2020-07-08
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares MSCI USA Equal Weighted ETF (Symbol: EUSA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $62.96 per unit.
With EUSA trading at a recent price near $57.41 per unit, that means that analysts see 9.66% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EUSA's underlying holdings with notable upside to their analyst target prices are Dominion Energy Inc (Symbol: D), Dell Technologies Inc (Symbol: DELL), and Molina Healthcare Inc (Symbol: MOH). Although D has traded at a recent price of $74.22/share, the average analyst target is 13.99% higher at $84.60/share. Similarly, DELL has 11.43% upside from the recent share price of $52.95 if the average analyst target price of $59.00/share is reached, and analysts on average are expecting MOH to reach a target price of $201.91/share, which is 10.68% above the recent price of $182.42. Below is a twelve month price history chart comparing the stock performance of D, DELL, and MOH:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares MSCI USA Equal Weighted ETF EUSA $57.41 $62.96 9.66%
Dominion Energy Inc D $74.22 $84.60 13.99%
Dell Technologies Inc DELL $52.95 $59.00 11.43%
Molina Healthcare Inc MOH $182.42 $201.91 10.68%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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iShares MSCI USA Equal Weighted ETF EUSA $57.41 $62.96 9.66% Dominion Energy Inc D $74.22 $84.60 13.99% Dell Technologies Inc DELL $52.95 $59.00 11.43% Molina Healthcare Inc MOH $182.42 $201.91 10.68% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of EUSA's underlying holdings with notable upside to their analyst target prices are Dominion Energy Inc (Symbol: D), Dell Technologies Inc (Symbol: DELL), and Molina Healthcare Inc (Symbol: MOH). Similarly, DELL has 11.43% upside from the recent share price of $52.95 if the average analyst target price of $59.00/share is reached, and analysts on average are expecting MOH to reach a target price of $201.91/share, which is 10.68% above the recent price of $182.42.
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Three of EUSA's underlying holdings with notable upside to their analyst target prices are Dominion Energy Inc (Symbol: D), Dell Technologies Inc (Symbol: DELL), and Molina Healthcare Inc (Symbol: MOH). iShares MSCI USA Equal Weighted ETF EUSA $57.41 $62.96 9.66% Dominion Energy Inc D $74.22 $84.60 13.99% Dell Technologies Inc DELL $52.95 $59.00 11.43% Molina Healthcare Inc MOH $182.42 $201.91 10.68% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Similarly, DELL has 11.43% upside from the recent share price of $52.95 if the average analyst target price of $59.00/share is reached, and analysts on average are expecting MOH to reach a target price of $201.91/share, which is 10.68% above the recent price of $182.42.
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Similarly, DELL has 11.43% upside from the recent share price of $52.95 if the average analyst target price of $59.00/share is reached, and analysts on average are expecting MOH to reach a target price of $201.91/share, which is 10.68% above the recent price of $182.42. Three of EUSA's underlying holdings with notable upside to their analyst target prices are Dominion Energy Inc (Symbol: D), Dell Technologies Inc (Symbol: DELL), and Molina Healthcare Inc (Symbol: MOH). Below is a twelve month price history chart comparing the stock performance of D, DELL, and MOH: Below is a summary table of the current analyst target prices discussed above:
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iShares MSCI USA Equal Weighted ETF EUSA $57.41 $62.96 9.66% Dominion Energy Inc D $74.22 $84.60 13.99% Dell Technologies Inc DELL $52.95 $59.00 11.43% Molina Healthcare Inc MOH $182.42 $201.91 10.68% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of EUSA's underlying holdings with notable upside to their analyst target prices are Dominion Energy Inc (Symbol: D), Dell Technologies Inc (Symbol: DELL), and Molina Healthcare Inc (Symbol: MOH). Similarly, DELL has 11.43% upside from the recent share price of $52.95 if the average analyst target price of $59.00/share is reached, and analysts on average are expecting MOH to reach a target price of $201.91/share, which is 10.68% above the recent price of $182.42.
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c9f2a188-fa13-4eb2-9fc6-ec481f9303f0
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726136.0
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2020-07-06 00:00:00 UTC
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December 2022 Options Now Available For Dell Technologies
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DELL
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https://www.nasdaq.com/articles/december-2022-options-now-available-for-dell-technologies-2020-07-06
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nan
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nan
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Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the December 2022 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 893 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new December 2022 contracts and identified one put and one call contract of particular interest.
The put contract at the $52.50 strike price has a current bid of $12.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $52.50, but will also collect the premium, putting the cost basis of the shares at $40.50 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $54.24/share today.
Because the $52.50 strike represents an approximate 3% 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 100%. 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 22.86% return on the cash commitment, or 9.34% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $52.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $55.00 strike price has a current bid of $13.05. If an investor was to purchase shares of DELL stock at the current price level of $54.24/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $55.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 25.46% if the stock gets called away at the December 2022 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DELL shares really soar, which is why looking at the trailing twelve month trading history for Dell Technologies Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DELL's trailing twelve month trading history, with the $55.00 strike highlighted in red:
Considering the fact that the $55.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 24.06% boost of extra return to the investor, or 9.83% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $54.24) to be 52%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls 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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Below is a chart showing DELL's trailing twelve month trading history, with the $55.00 strike highlighted in red: Considering the fact that the $55.00 strike represents an approximate 1% 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 Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the December 2022 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new December 2022 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DELL's trailing twelve month trading history, with the $55.00 strike highlighted in red: Considering the fact that the $55.00 strike represents an approximate 1% 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 Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the December 2022 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new December 2022 contracts and identified one put and one call contract of particular interest.
|
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $52.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $55.00 strike price has a current bid of $13.05. Below is a chart showing DELL's trailing twelve month trading history, with the $55.00 strike highlighted in red: Considering the fact that the $55.00 strike represents an approximate 1% 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 Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the December 2022 expiration.
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new December 2022 contracts and identified one put and one call contract of particular interest. Below is a chart showing DELL's trailing twelve month trading history, with the $55.00 strike highlighted in red: Considering the fact that the $55.00 strike represents an approximate 1% 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 Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the December 2022 expiration.
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d349cd00-1925-48ff-878d-37c65f157da1
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726137.0
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2020-07-02 00:00:00 UTC
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Apple supplier Foxconn, others hit as India holds up imports from China-sources
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DELL
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https://www.nasdaq.com/articles/apple-supplier-foxconn-others-hit-as-india-holds-up-imports-from-china-sources-2020-07-02
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nan
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nan
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By Aditya Kalra and Sankalp Phartiyal
NEW DELHI, July 2 (Reuters) - India's additional scrutiny of imports from China has disrupted operations at plants owned by Apple supplier Foxconn 2317.TW in southern India, three sources told Reuters, and other foreign firms are also facing delays as tensions between the two countries build.
Customs officers at Indian ports have held back shipments from China and sought additional clearances after deadly clashes at the disputed Himalayan border last month. The checks have been imposed without any formal order.
While several companies such as Apple AAPL.O and Dell DELL.N have been battling to free stuck shipments, hundreds of employees at Taiwanese contract manufacturer Foxconn's two plants in the south had no major work to do this week as shipments were delayed, sources said.
More than 150 Foxconn shipments - containing smartphone and electronic parts - were stuck at the port of Chennai, though some are being cleared slowly now, the first source said. The total number of parts in the shipments was not clear.
Foxconn's two plants in Tamil Nadu and Andhra Pradesh state mainly assemble Apple AAPL.O and Xiaomi 1810.HK smartphones in the country and employ thousands of workers, many of whom stay in company-provided accommodation.
"Foxconn was in a very bad state ... lots of workers stayed at the dormitory because there was no work," said the first source.
Foxconn, Apple and Xiaomi did not respond to Reuters queries.
The finance ministry also did not respond. Two officials at the ministry, which oversees the customs department, said the inspection measures were temporary and will ease soon.
"We cannot keep checking 100% of shipments forever ... Shipments of non-Chinese companies being impacted will be cleared on priority," said one official.
While the exact impact of the disruptions is not immediately clear, the delays come when companies in India had already been battling disrupted supply chains due to coronavirus shutdowns in recent months. Business activity has only just begun to pick up.
Prominent U.S.-India lobby groups and local industry bodies have urged the Indian government to intervene.
While some delayed Dell shipments have been cleared since last week, the company had roughly 130 shipments stuck this week at Indian ports, the second source said. This included around six shipping containers with parts for servers and desktop computers, the person added.
Dell did not respond to a request for comment.
Separately, MG Motor, owned by China's SAIC 600104.SS, also has some shipments stuck at a port in southern India, a source close to the company told Reuters. MG started selling cars in India last year and has committed $650 million in investments.
"The whole (auto) industry will be impacted if components are stuck," the source said.
MG Motor did not immediately respond to a request for comment.
China's Commerce Ministry said on Thursday that it hoped India would correct its discriminatory actions against Chinese companies immediately, after India banned some Chinese mobile apps amid the border crisis.
(Reporting by Aditya Kalra and Sankalp Phartiyal; Additional reporting by Aftab Ahmed and Aditi Shah; Editing by Euan Rocha and Kim Coghill)
((aditya.kalra@thomsonreuters.com; +91-011-49548021; Reuters Messaging: aditya.kalra.thomsonreuters.com@reuters.net (Twitter: @adityakalra))
The views and 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 several companies such as Apple AAPL.O and Dell DELL.N have been battling to free stuck shipments, hundreds of employees at Taiwanese contract manufacturer Foxconn's two plants in the south had no major work to do this week as shipments were delayed, sources said. While some delayed Dell shipments have been cleared since last week, the company had roughly 130 shipments stuck this week at Indian ports, the second source said. Dell did not respond to a request for comment.
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While some delayed Dell shipments have been cleared since last week, the company had roughly 130 shipments stuck this week at Indian ports, the second source said. While several companies such as Apple AAPL.O and Dell DELL.N have been battling to free stuck shipments, hundreds of employees at Taiwanese contract manufacturer Foxconn's two plants in the south had no major work to do this week as shipments were delayed, sources said. Dell did not respond to a request for comment.
|
While several companies such as Apple AAPL.O and Dell DELL.N have been battling to free stuck shipments, hundreds of employees at Taiwanese contract manufacturer Foxconn's two plants in the south had no major work to do this week as shipments were delayed, sources said. While some delayed Dell shipments have been cleared since last week, the company had roughly 130 shipments stuck this week at Indian ports, the second source said. Dell did not respond to a request for comment.
|
While some delayed Dell shipments have been cleared since last week, the company had roughly 130 shipments stuck this week at Indian ports, the second source said. While several companies such as Apple AAPL.O and Dell DELL.N have been battling to free stuck shipments, hundreds of employees at Taiwanese contract manufacturer Foxconn's two plants in the south had no major work to do this week as shipments were delayed, sources said. Dell did not respond to a request for comment.
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8343b6c9-abc6-4942-8ff4-1f62fd0567a4
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726138.0
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2020-06-30 00:00:00 UTC
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Is VMWare Stock the Best Choice for VMWare Investors?
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DELL
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https://www.nasdaq.com/articles/is-vmware-stock-the-best-choice-for-vmware-investors-2020-06-30
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nan
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nan
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Should it stay, or should it go? That is the question regarding VMWare (NYSE: VMW) that Dell Technologies (NYSE: DELL) will probably have to decide in the near future.
Dell acquired a majority stake in VMWare when it bought out VMWare's previous owner, EMC Corporation, in 2016. Since Dell was private at that time, many came to regard VMWare stock as a proxy for Dell.
However, a tax rule states that Dell and EMC must continuously operate together for five years to execute a tax-free spinoff. For this reason, such a move is unlikely before September 2021.
Moreover, this creates a problem for those who want to buy this one of these technology stocks: Should they buy VMWare, or are they better off owning Dell stock?
Image source: Getty Images
The case for VMWare stock
VMWare was a high-flyer in the days before the financial crisis. The company was an early innovator in virtual machines and data centers. Over time, the valuation fell as virtual machines became commoditized. Today, it trades at a forward P/E ratio of approximately 24.
Now VMWare has become a leader in private cloud software. Best of all, these clouds can interact with public clouds when needed, allowing customers to enjoy the best of both worlds.
Earnings grew by about 5.7% in the most recent quarter, while revenue increased by 12% year over year. This is an improvement over the previous quarter, which saw falling profits amid double-digit revenue growth.
Optimism over this growth took VMWare stock to an all-time high of $206.80 per share in the spring of 2019. Hence, the falling profits seem to have hurt VMWare stock temporarily. However, with the stock in the $150-per-share range, it could surge to new highs as customers take a greater interest in its private clouds.
VMW data by YCharts
Why VMWare bulls should consider Dell stock
Despite the appeal of owning VMWare stock directly, investors also have some reasons to consider investing in the company through Dell stock.
Dell returned to the public markets in late 2018. Unfortunately for Dell investors, the stock has gained little net traction in its second stint as a public company. However, Dell is cheap. It trades at a forward P/E ratio of about 9.
DELL data by YCharts
Admittedly, it is likely cheap because the business has become slow-growth and commoditized. A sudden increase in demand for PCs as more people work from home could help Dell stock in the short term. However, most of the company's growth comes from its VMWare subsidiary. This gives Dell some incentive to either try to buy out VMWare entirely or stay with the status quo.
Moreover, Dell holds billions in unlocked value tied to VMWare. Dell's market cap currently stands at around $38.8 billion. However, the market cap of VMWare stands at around $61.9 billion. This implies that Dell's 80.9% stake in VMWare is worth approximately $50 billion, over $11 billion more than Dell's market cap.
Consequently, Dell stock not only undervalues the VMWare stake, but it also does not assign a clear value to Dell's PC and data storage businesses. Hence, investors could see a bump in Dell if and when it spins off VMWare.
What should investors do?
Dell will probably not make a decision regarding VMWare until 2021. Still, its direction remains unclear. It could wholly absorb VMWare, sell its stake, or it could maintain the status quo.
Nonetheless, despite the potential for unlocked value with Dell, I would recommend that investors own VMWare. As mentioned before, VMWare holds the most potential for increased profits, and it offers that at a reasonable forward multiple.
Additionally, even if Dell wanted to buy out VMWare, it may struggle to find the funding. Dell carries a total debt load of approximately $57.3 billion. This is a crushing burden, considering that after subtracting liabilities from assets, Dell is only worth $3.24 billion.
Hence, Dell will probably devote some or all of the proceeds from a spinoff to paying down its debt. While that would make Dell solvent, investors will have a business with negligible revenue or profit growth. This makes the direct investment in VMWare the far more attractive option.
10 stocks we like better than VMware
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Will Healy has no position in any of the stocks mentioned. The Motley Fool recommends VMware. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, a tax rule states that Dell and EMC must continuously operate together for five years to execute a tax-free spinoff. A sudden increase in demand for PCs as more people work from home could help Dell stock in the short term. That is the question regarding VMWare (NYSE: VMW) that Dell Technologies (NYSE: DELL) will probably have to decide in the near future.
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That is the question regarding VMWare (NYSE: VMW) that Dell Technologies (NYSE: DELL) will probably have to decide in the near future. VMW data by YCharts Why VMWare bulls should consider Dell stock Despite the appeal of owning VMWare stock directly, investors also have some reasons to consider investing in the company through Dell stock. This implies that Dell's 80.9% stake in VMWare is worth approximately $50 billion, over $11 billion more than Dell's market cap.
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Since Dell was private at that time, many came to regard VMWare stock as a proxy for Dell. VMW data by YCharts Why VMWare bulls should consider Dell stock Despite the appeal of owning VMWare stock directly, investors also have some reasons to consider investing in the company through Dell stock. This implies that Dell's 80.9% stake in VMWare is worth approximately $50 billion, over $11 billion more than Dell's market cap.
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VMW data by YCharts Why VMWare bulls should consider Dell stock Despite the appeal of owning VMWare stock directly, investors also have some reasons to consider investing in the company through Dell stock. This gives Dell some incentive to either try to buy out VMWare entirely or stay with the status quo. While that would make Dell solvent, investors will have a business with negligible revenue or profit growth.
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726139.0
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2020-06-29 00:00:00 UTC
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Why Dell Stock Is Up
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DELL
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https://www.nasdaq.com/articles/why-dell-stock-is-up-2020-06-29
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nan
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In this episode of MarketFoolery, host Chris Hill chats with Motley Fool analyst Jason Moser about the latest headlines on Wall Street. They discuss a possible large spinoff, and there are talks of a buyout of a major retailer. Finally, the duo share their thoughts on the tea market and much more.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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Stock Advisor returns as of 2/1/20
This video was recorded on June 24, 2020.
Chris Hill: It's Wednesday, June 24th. Welcome to MarketFoolery. I'm Chris Hill, with me today, Mr. Jason Moser. Good to see you.
Jason Moser: Good to see you. How's everything going?
Hill: It's going all right. We've got some retail news today; we've got consumer goods. We're going to start with Dell Technologies (NYSE: DELL), which, every time I see news around Dell, I'm reminded, that's right, the hot, literally the best-performing stock of the 1990s, then went away into the private market and it is now back as a public company.
Dell shares are rising, because it is looking into a spinoff of the very large stake that Dell currently has in software company VMware (NYSE: VMW). I believe the stake that Dell has is somewhere north of 80%. Both stocks are up on this report in The Wall Street Journal. Jason, what should investors be either watching for or rooting for in this case? I can't tell [laughs] if -- you know, because there are a couple of different angles to this. One report says, Dell was looking into essentially acquiring the rest of VMware that it doesn't own. Now, we get this report that it's looking to just spin it off altogether, which would obviously be tens of billions of dollars, potentially, in terms of a windfall for Dell. What should we be watching?
Moser: Well, I think we can agree that, "Dude, you're getting a Dell," works way better than "Dude, you're getting a VMware," so you know, that may be the strongest point that Dell can play at this point, because I mean, it's not that great, honestly, of a business. When I see Dell today, the first thing that comes to mind after that marketing campaign is, unfortunately for them, IBM. And what I mean by that, it's a legacy name in an industry that feels like it's just completely flown right by, I mean it just completely passed right by it. And I may be doing somewhat of a disservice to IBM there just given their investments in cloud and the Red Hat acquisition and whatnot, but I mean, it is what it is, really.
I mean, it does feel like the numbers are really odd here. I mean, it makes you do a little bit of a double-take. Dell's market cap is around $36 billion. VMware's market cap is $62 billion, and so Dell is trying to figure out what to do with its $50 billion stake in VMware. Now, Jason, you may ask, if Dell has a $50 billion stake in VMware, why is its market cap only $36 billion? Well, Chris, there's the rub. And that's the big question that investors probably need to figure out how to answer before they decide to dip a toe in these waters. I would recommend that you probably not, because I guarantee you there are a lot of folks in here who know a lot more than we do and you do. But it really does go to show what the market is thinking when it comes to Dell.
Dell is that legacy hardware business. I mean, they are dabbling in software and whatnot. But really the future of this company is more or less based in its VMware investment. And so, they're trying to figure out exactly how to deal with that, how to unlock value for shareholders. And it could be in the form of buying VMware, because they own so much of it already. It could be in the form of spinning something off, and I think if they wanted to do that, I believe there's maybe a year that they would have to wait in order to get a preferential tax treatment there. But I mean, it really does kind of all boil back down to this legacy operator Dell, trying to figure out what to do with a company that is somewhat more forward-looking in VMware and the numbers really kind of tell us what the market is thinking about both of these companies today.
Hill: It's a nice reminder to that, again, this truly was the [laughs] best-performing stock of the 1990s. And, you know, Jim Sinegal, the great leader of Costco for so many years, used to say, "There are no annuities in business." That's absolutely true. It seems like it's even more true when we're talking about computers and hardware in general.
Moser: Oh, absolutely. And back when Dell was really at the top of its game, it was kind of a revolutionary company in a sense, right? I mean, this was as technology was really making such an impact on our lives early on and Dell was capitalizing on that. You fast-forward to today, this company really hasn't changed all that much. It relies on that sort of -- again, I used the word "legacy" but that's really just another way of saying, it's just kind of old news more or less. And I think the problem for Dell, you know, if you're looking at Dell as an investment, it's not the easiest company to fully follow and understand given its history and the various transactions from going private and then going public again. And I certainly understand investors' concerns here, given that the company went public again I think in 2018, I mean, the stock is essentially flat in the face of a rising market there. So, again, you're looking at a company that's not really able to capitalize on where the puck is going, so to speak.
I mean, there's the investment in VMware, and that's certainly a bright spot, but VMware isn't Dell, right? They're two very separate, different companies. And so, I think that if you look at the two, VMware is the more attractive of the two. But it's going to boil down to how they unlock this value for investors, that's not clear yet.
So, for me, when I see these types of things, again, I adopt the mindset that there are a lot of people out there involved with this that know a lot more than I do. To me, investing is as easy or as difficult as you want to make it. And if you decide to play in this sandbox, I think you have to acknowledge that you're trying to make it somewhat difficult. The degree of difficulty is a little bit higher. And so, for me, I just sit and I watch and I learn and I am entertained, but I don't know that I would recommend investors try to get in there and play some type of arbitrage or value realization here.
Hill: Simon Property Group (NYSE: SPG), which is the biggest mall operator in America, is looking into buying J.C. Penney. To do this, Simon Property would team up with Brookfield Property Partners. And this is a partnership that Simon has undertaken in the past, Jason -- they did it earlier this year when the two teamed up to buy Forever 21; you go back a few years, they teamed up to buy Aeropostale. I will hasten to point out that both Simon Property and Brookfield Property Partners [laughs] both of those stocks down in the neighborhood of 5% to 8% on these reports. Is the third time a charm, do they actually go and buy J.C. Penney?
Moser: Well, I mean, maybe. So, I'll say that -- you know, Matt Frankel, my partner in crime on the Monday Industry Focus shows, he and I talked about this on Monday as well. And, you know it's easy on the surface to look at this and say, what in the world are you thinking? I mean, we're all sitting here just ripping on J.C. Penney for the last several years and just basically acknowledging the fact that the world doesn't really need J.C. Penney. And I don't think that's changed, and I don't think that's where Simon Property Group is actually viewing this from. There's a real estate angle here ultimately, that I think has Simon's interest. And certainly, Matt felt that way as well.
If you look at Simon Property Group, that's the largest mall operator out there, they operate a lot of malls. And we knew what went on during the shutdown; I mean, that really, you know, dinged their business, for lack of a better word, because of the exposure there. But in good times, that's a pretty strong presence to have.
And the interesting thing about J.C. Penney is there is a real estate angle here. I mean, it kind of takes you back to those days of Sears and the real estate thesis that folks would try to use in justifying an investment in Sears. And so, for the individual investor, I don't know that it makes a whole heck of a lot of sense, but for Simon Property Group actually, it does make some sense, in that, they should be able to get the real estate here at relatively good prices.
And the thing is, with J.C. Penney owning so much of that real estate, and a lot of that also is in Simon properties, so that ultimately means that Simon -- and they're not collecting rent from J.C. Penney on those stores, because J.C. Penney more or less owns them. What this does, it gives Simon probably some pretty cheap real estate that they can then control as far as what the -- have a development take shape from there. I mean, it's one thing if you own a mall and then you see something like J.C. Penney go bankrupt, and now all of a sudden all of your malls have this big anchor store that's been shut down, and looks like a ghost town, it doesn't bode well for your mall, it's not an attractive thing for your mall.
And so, Simon could certainly take more control over how J.C. Penney is managed from that point forward. You'd assume they would probably let J.C. Penney shut down in most cases, and they could take those stores and develop them into something else, whether it's entertainment complexes, restaurants, movie theaters, what have you. So, it gives Simon Property more real estate, it gives them control over the development of that real estate in a market that they're already really good at managing. And so, I see the idea there, but yeah, you have to kind of dig down a little bit.
Hill: And it also seems like, if you can see the idea, presumably you also see, this is going to take a while, that this is [laughs] not a thesis that you buy into thinking, in the next three years Simon Property and Brookfield are going to start seeing results, and therefore your shares are going to start seeing results. This seems like the sort of thing where, if this has a happy ending, we're talking at least five and probably closer to 10 years down the line.
Moser: Yeah, I think that's a reasonable expectation, I mean when you talk about how many stores there are when it comes to J.C. Penney, I mean, there's a strategy that would have to be laid out here. You mentioned, it's Brookfield and Simon Property, so it's not just like one real estate investment trust calling the shots.
But I mean, you know the flip side is, I would argue that's OK, because you're typically investing in a real estate investment trust for that. I mean, you're investing in a real estate investment trust with that long-term timeline in mind, because they pay that nice yield given that REITs pay out most of their net income in the form of dividends for that tax treatment. You know, holding on to those REITs for long periods of time is actually a pretty nice thing to do. And with Simon, I mean, you can criticize this deal if you want, but they have a great track record of the space they're really good at what they do. And so, you know, I think you got to at least give them a little slack here and see if they can come up with something, but yeah, it'll take a while.
Hill: Unilever (NYSE: UL) (NYSE: UN) is talking with a host of private equity firms about its tea business. Like Procter & Gamble, Unilever is one of those consumer goods giants. It's a $150 billion company with hundreds of brands: home cleaning, health and beauty, food, beverages, and they do have a few tea brands -- most notably, Lipton. Jason, they're talking to Bain Capital, Blackstone Group, KKR, I mean this is kind of a Who's Who of private equity.
One of the things I'm struck by here [laughs] is that, all of these private equity firms are really interested in this tea business that for at least the last, call it, six months or so, Unilever has made it pretty clear, they're interested in shedding at the right price.
Moser: It does seem like they want to. And for the folks who are tuning in here on Motley Fool Live, you may see my cup here, my iced tea, and this is your Lipton iced tea right here. So, I'm giving Unilever a little bit of a shout here, because I do consume a ton of that Lipton tea [laughs] on a daily basis, and I think a lot of people do. When you look at the numbers, I mean, tea is the most widely consumed beverage in the world next to water.
I've got some interesting data here on tea, Chris. In 2019, Americans consumed over 84 billion servings of tea or more than 3.8 billion gallons. And about 84% of all tea consumed was black tea. So, that's basically what that Lipton tea is. Approximately 75% to 80% of tea consumed in America is, in fact, iced, so we like our iced tea. So, black tea, iced tea, that all bodes well for Lipton.
Now, as far as Unilever goes, maybe they feel like there are better places to invest these dollars. I mean, sales of black tea, I think it generates around $3.3 billion in sales for Unilever annually. So, that's a big number, but it has been falling. They are seeing consumer taste shift toward more herbal teas and things like that. Like, we saw Starbucks early on making that investment in Tazo Tea. And I think actually Unilever owns that now. But what you're starting to see is this shift in tea mentality, away from, like, your standard iced tea, black tea kind of thing over toward more of those herbals.
And that's kind of where Unilever is thinking, "You know what, maybe this isn't really where we want our portfolio of brands to be positioned for the future," and I get that. I mean, it does seem like the company is trying to shed some of those old-school brands and get more of the newer brands. It feels like we're in a little bit of a brand turnover here domestically where you're seeing like -- it makes me think of Buffett and Berkshire Hathaway and his fondness for things like Heinz and Kraft and Philly cream cheese. They're starting to be disrupted a little bit with these new brands that are coming in for younger folks. And maybe Unilever sees that same thing happening with Lipton and they don't want to focus necessarily on that side of the business. But I mean, tea and coffee, that's good business. I mean, it's repeat sales, people drink a lot of it. I can remember the time when we were overseas and we were in Egypt, for example, I mean, you couldn't walk anywhere without somebody pulling you into their shop and offering you a glass of tea, in many places it's a cultural thing. But, yeah, it feels like maybe they feel like they could allocate those dollars more wisely somewhere else. They do seem to have a pretty good track record of allocating capital and maybe that's where this is coming from.
Hill: Well, and in terms of actual dollars, some of the numbers being thrown around are, Unilever could fetch north of $6 billion for this portfolio of tea brands. And to your point about reinvesting that money, if you're a shareholder, you have to hope that they're going to be smart about that, because they have hundreds of brands. And I was reminded, sort of, looking over some information about Unilever this morning, of the way that Procter & Gamble, over the past decade, has methodically shed brands and has rewarded shareholders as a result of that. I mean, when we started doing this podcast in 2011, that's about the time that Procter & Gamble came out and said, "Look, we got too many brands, we're going to start to look to get rid of some of these," and it's paid off. I mean, it is not a "shot to the moon" stock, but you know, it's basically doubled over the past nine years or so. And for a dividend-paying consumer goods giant, like Procter & Gamble, you know, that's not a bad performance.
You know, if you're someone looking at your portfolio and thinking, I want a section of it for sort of those large blue chips that are going to pay a dividend, I don't have to really worry about them, they've done a nice job of rewarding shareholders. If Unilever goes through with this, I hope they're able to do, sort of, the same thing. It hasn't done quite as well as a stock as Procter & Gamble has over the past decade, it's done pretty well. But I mean, if they want to follow that strategy that [laughs] might be a smart move, because I think they have somewhere in the neighborhood of 400 brands. And they're more global, they're less tied to the United States than maybe Procter & Gamble is, but yeah, hopefully if they get that money, they're going to invest it well.
And on the flip side, more coffee [laughs] and tea brands going private. I was reminded of JAB Holdings which has got, you know, Peet's Coffee under its umbrella. JAB also bought Panera Bread, so it's going to be interesting to see if, you know, in the same year we see a major tea brand in Lipton go private and JAB Holdings go through with spinning out, whether it's Peet's or one of their other coffee brands.
Moser: Yeah. And you make a really good point there, there's a point where these big, sort of, conglomerates, these big brand collectors, I mean they can get bloated, right? And they could sort of lose a little bit of the vision. It does feel like Unilever is trying to position themselves for a bit more of a, I don't want to say a premium pricing offering, but at least maybe something where they can realize some pricing down the road, whereas you know maybe Lipton isn't something that you really be able to push prices up a whole heck of a lot over time.
But yeah, I think either way, I certainly understand the attraction for these companies, like JAB, to go ahead and try to collect as many of these similar style offerings. I mean, whether it's coffee or tea, I mean, very similar style, very large market opportunities. And generally speaking, they have a pretty good idea of how to do it. I mean, there's distribution in play there as well. And they've got really very attractive distribution networks all over the world which really plays into, particularly, the tea and coffee market given their popularity.
So, you could see both sides certainly winning here, just really a matter of if Unilever is making the right decision, exactly how they're trying to position that portfolio for the future. And if they could shed the right brands to really focus on the right ones as well.
Hill: So, when it comes to tea consumption, you're just straight up iced tea, you're not a hot tea guy?
Moser: So, I don't drink a lot of hot tea, no. So, the progression for me basically goes: morning, we're drinking the coffee, and once the coffee is dry, then we go into the iced tea. And that iced tea, you got to have a couple of good lemon wedges in there. You know, it's almost like an Arnold Palmer, but not quite. And it is sweet tea, understand, it is sweet. I don't go heavy on the sugar, but it is sweetened. And then by the time the evening rolls around, you know, then you're probably looking at maybe imbibing on that nice beer toward the end of the evening to sort of wrap up what hopefully has been a very successful day. And I feel like this one, hey, man, we're on the right track, Chris.
Hill: Absolutely. And if nothing else, you're certainly doing a great job of hydrating, so that's important for all of us.
Moser: No doubt.
Hill: Jason Moser, thanks for being here.
Moser: Thank you.
Hill: As always, people on the program may have interests in the stocks they talk about, and The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear.
That's going to do it for this edition of MarketFoolery. The show is mixed by Dan Boyd, I'm Chris Hill, thanks for listening, and we'll see you tomorrow.
Chris Hill owns shares of Starbucks. Jason Moser owns shares of Starbucks. The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares) and Starbucks. The Motley Fool recommends Costco Wholesale, KKR, and VMware and recommends the following options: long January 2021 $200 calls on Berkshire Hathaway (B shares) and short January 2021 $200 puts on Berkshire Hathaway (B shares). 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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We're going to start with Dell Technologies (NYSE: DELL), which, every time I see news around Dell, I'm reminded, that's right, the hot, literally the best-performing stock of the 1990s, then went away into the private market and it is now back as a public company. Dell shares are rising, because it is looking into a spinoff of the very large stake that Dell currently has in software company VMware (NYSE: VMW). I believe the stake that Dell has is somewhere north of 80%.
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We're going to start with Dell Technologies (NYSE: DELL), which, every time I see news around Dell, I'm reminded, that's right, the hot, literally the best-performing stock of the 1990s, then went away into the private market and it is now back as a public company. Dell shares are rising, because it is looking into a spinoff of the very large stake that Dell currently has in software company VMware (NYSE: VMW). I believe the stake that Dell has is somewhere north of 80%.
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We're going to start with Dell Technologies (NYSE: DELL), which, every time I see news around Dell, I'm reminded, that's right, the hot, literally the best-performing stock of the 1990s, then went away into the private market and it is now back as a public company. Dell shares are rising, because it is looking into a spinoff of the very large stake that Dell currently has in software company VMware (NYSE: VMW). I believe the stake that Dell has is somewhere north of 80%.
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But I mean, it really does kind of all boil back down to this legacy operator Dell, trying to figure out what to do with a company that is somewhat more forward-looking in VMware and the numbers really kind of tell us what the market is thinking about both of these companies today. We're going to start with Dell Technologies (NYSE: DELL), which, every time I see news around Dell, I'm reminded, that's right, the hot, literally the best-performing stock of the 1990s, then went away into the private market and it is now back as a public company. Dell shares are rising, because it is looking into a spinoff of the very large stake that Dell currently has in software company VMware (NYSE: VMW).
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b975893e-5151-42ba-9a4f-819779419799
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726140.0
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2020-06-29 00:00:00 UTC
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Slim Margins Are a Real and Continuing Problem for Cisco Stock
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DELL
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https://www.nasdaq.com/articles/slim-margins-are-a-real-and-continuing-problem-for-cisco-stock-2020-06-29
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
While the Cloud Czars and their software customers have been stars in the COVID-19 market, Cisco Systems (NASDAQ:CSCO) plods along. CSCO stock entered trade today at about $46, down 4.5% on the year. Its moves have almost precisely mirrored the broader S&P 500 average, which is down 6%.
Source: Anucha Cheechang / Shutterstock.com
Cisco makes hardware at the heart of today’s Internet, but this is not where the profit is.
This has surprised a lot of investors and analysts. It surprised me. I bought the arguments about 5G driving growth in May 2019, at $51/share. I sold in March at a loss, even after booking nearly a year of dividends. It was an impatient strategy. I should have stayed in.
That dividend was recently raised to 36 cents per share, a yield of 3.18%, but it’s fool’s gold if the underlying asset’s value falls.
Government Help and CSCO Stock
The government in Washington says it is here to help. What it wants is to boost Cisco’s prospects in 5G by buying rivals Ericsson (NASDAQ:ERIC) and Nokia (NYSE:NOK), creating a stronger play against China’s Huawei.
10 Value Stocks to Keep on Your Short List
The Trump Administration has been heavily pushing this state capitalist ideal. They’ve even talked up boosting the Europeans’ value with tax breaks or export-import credits. But Huawei keeps winning, because tower hardware is a low-margin business, and because it keeps spending on research despite those low margins. The research budget at the Chinese company is now bigger than those at its western rivals combined.
Hardware profit problems are not unique to Cisco. Hewlett-Packard Enterprise (NYSE:HPE) and Dell Technologies (NASDAQ:DELL), both long-time enterprise hardware leaders, have both stalled out. Software is so far ahead of hardware that Dell is now worth barely half of VMware (NYSE:VMW), even while holding the majority stake in it.
Carriers, customers and suppliers have organized as the Open RAN Policy Coalition, seeking open standards against Huawei, but the Chinese are still winning the race to 5G. It isn’t even close.
Security is Hard
Cisco saw this coming and had a strategy to combat it.
It entered the chip market last year with what it calls “Silicon One.”
It has also invested heavily in software, hoping to replace choppy network sales with steadier subscription revenue. It has bought security companies like Skyport Systems, Duo Security, and Sentryo, building a subscription software business CEO Chuck Robbins has promised will grow.
The most important value in Robbins’ arsenal is security, but security is hard. Cisco recently disclosed four more critical flaws in its industrial routers. While it has issued patches, 5 of the 40 vulnerabilities it has disclosed just this month are listed as critical.
The result is a lack of growth. Cisco’s 2019 revenue was just 4% ahead of its 2015 total, and its first quarter puts it on a pace below that. Cisco still had $28.5 billion in cash at the end of April, however. Its $15.8 billion in operating cash flow last year makes the dividend affordable, even at $6 billion/year.
The stock’s five-year performance under Robbins still averages 9%/year, but trails that of the market averages. While it’s a conservative holding for major institutions, it’s mainly a place to park money until better opportunity comes along.
The Bottom Line
America is a capitalist society. Our companies don’t respond well to government mandates, even when they are well-intentioned.
Investors and corporations seek the highest profit margin businesses. Smaller, less-developed states like China grow by investing in lower-margin sectors so they can scale. Large companies with thin margins draw capital by sharing profits with shareholders.
Cisco is doing the right things. That doesn’t make it the place to go for capital gains. It shouldn’t make Cisco a state-run enterprise, either.
Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of the environmental thriller Bridget O’Flynn and the Bear, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story.
The post Slim Margins Are a Real and Continuing Problem for Cisco Stock 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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Software is so far ahead of hardware that Dell is now worth barely half of VMware (NYSE:VMW), even while holding the majority stake in it. Hewlett-Packard Enterprise (NYSE:HPE) and Dell Technologies (NASDAQ:DELL), both long-time enterprise hardware leaders, have both stalled out. What it wants is to boost Cisco’s prospects in 5G by buying rivals Ericsson (NASDAQ:ERIC) and Nokia (NYSE:NOK), creating a stronger play against China’s Huawei.
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Hewlett-Packard Enterprise (NYSE:HPE) and Dell Technologies (NASDAQ:DELL), both long-time enterprise hardware leaders, have both stalled out. Software is so far ahead of hardware that Dell is now worth barely half of VMware (NYSE:VMW), even while holding the majority stake in it. InvestorPlace - Stock Market News, Stock Advice & Trading Tips While the Cloud Czars and their software customers have been stars in the COVID-19 market, Cisco Systems (NASDAQ:CSCO) plods along.
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Hewlett-Packard Enterprise (NYSE:HPE) and Dell Technologies (NASDAQ:DELL), both long-time enterprise hardware leaders, have both stalled out. Software is so far ahead of hardware that Dell is now worth barely half of VMware (NYSE:VMW), even while holding the majority stake in it. InvestorPlace - Stock Market News, Stock Advice & Trading Tips While the Cloud Czars and their software customers have been stars in the COVID-19 market, Cisco Systems (NASDAQ:CSCO) plods along.
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Hewlett-Packard Enterprise (NYSE:HPE) and Dell Technologies (NASDAQ:DELL), both long-time enterprise hardware leaders, have both stalled out. Software is so far ahead of hardware that Dell is now worth barely half of VMware (NYSE:VMW), even while holding the majority stake in it. InvestorPlace - Stock Market News, Stock Advice & Trading Tips While the Cloud Czars and their software customers have been stars in the COVID-19 market, Cisco Systems (NASDAQ:CSCO) plods along.
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2020-06-26 00:00:00 UTC
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10 Value Stocks to Keep on Your Short List
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DELL
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https://www.nasdaq.com/articles/10-value-stocks-to-keep-on-your-short-list-2020-06-26
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Once again, value stocks are underperforming. For most of the bull market that ended in March, growth names were in favor. In the recovery from mid-March lows, once again high-valuation, high-growth stocks have led the way.
At some point, presumably, that will change. Growth names no doubt have benefited from lower interest rates, which have brought capital into the equity markets and, at least in theory, increase the value of out-year profits. But there is a point where valuations, even for the market’s biggest winners, will have to matter. With the NASDAQ Composite now positive year-to-date despite a global pandemic, that point may be arriving soon.
In the meantime, some caution is advised. Cheap stocks in recent years generally have stayed cheap. But, as always, the wheel will turn, and when it does there are value stocks with solid upside potential.
10 Consumer Stocks to Buy to Ride the Post-Covid-19 Wave
Here are 10 value stocks to watch for investors looking toward that end of the market:
Dell Technologies (NYSE:DELL)
Knoll (NYSE:KNL)
Ericsson (NASDAQ:ERIC)
Dollar Tree (NASDAQ:DLTR)
Mastercraft Boat Holdings (NASDAQ:MCFT)
Photronics (NASDAQ:PLAB)
Capri Holdings (NYSE:CPRI)
Facebook (NASDAQ:FB)
Bristol-Myers Squibb (NYSE:BMY)
John B. Sanfilippo & Sons (NASDAQ:JBSS)
10 Value Stocks: Dell Technologies
Source: Jonathan Weiss / Shutterstock.com
DELL stock jumped 8% on Wednesday on news that the company was considering a spin-off of its stake in VMware (NYSE:VMW). But even with that gain, there’s plenty of potential upside ahead, at least on paper.
After all, Dell’s 81% stake in VMware is worth more than Dell’s current market capitalization. Debt on Dell’s balance sheet explains that to some extent, but even accounting for those borrowings, the non-VMware businesses are assigned an absurdly cheap valuation.
One potential reason why is Dell’s history. The company has been through two bruising buyouts. As a result, some investors don’t trust founder Michael Dell and private equity partner Silver Lake.
That’s why the reports on Wednesday moved the stock so sharply (though VMW did rally as well). A VMware spin-off seems like the purest way for DELL shareholders to realize the value inherent in a “sum of the parts” case. If optimism toward a realization of that case grows, DELL shares should continue to rise.
Knoll
Source: Shutterstock
As the market turned south in February, KNL stock was one of the biggest losers. Its price went from $26 in mid-February to below $10 a month later. Though the stock has rallied 50% from the lows, a recovery to a current price below $12 still seems rather muted.
There are obvious challenges here. Knoll is best-known for its office furniture business. That business will face short-term headwinds from the coronavirus pandemic; 2020 orders are likely to be down substantially.
But there’s also a mid-term headwind, as companies like Facebook and Shopify (NYSE:SHOP) plan for a significant amount of employees to work remotely even once normalcy returns. Smaller office footprints suggest order weakness can last for some time. In a worst-case scenario, the industry may well have peaked.
That said, 58% of the company’s profit in 2019 actually came from its Lifestyle segment. That business does have some office exposure as well. But it also serves ultra-high-end residential markets — markets that are likely to see resilient demand going forward.
7 Housing Stocks That Are Worth Your Money
Knoll will need some time to right-size the office business. 2020 and likely 2021 results are going to be soft at best. But over the long term, there’s a chance for the company to claw back at least some of its losses from February levels — which still leaves a path to double-digit annual returns.
Ericsson
Source: rafapress / Shutterstock.com
Investors looking for value stocks with exposure to 5G wireless tend to look past ERIC. Nokia (NYSE:NOK) gets significantly more attention. Qualcomm (NASDAQ:QCOM) is a perennial “buy the dip” candidate. Even Cisco Systems (NASDAQ:CSCO), despite underperforming in recent years, is called out as a 5G pick.
But I wrote in February that ERIC stock looked like the best play in 5G. With shares at a similar price at the moment, I still think that’s the case. Ericsson clearly has out-executed Nokia, giving it a better chance of capitalizing on the political pressure facing China’s Huawei. Qualcomm’s still-contentious relationship with Apple (NASDAQ:AAPL) creates a risk to its bull case. Cisco’s 5G business isn’t yet big enough to really move the needle for that networking giant.
To be sure, Ericsson has had its own struggles over the long haul: shares are actually down 17% over the past decade. But 5G could be a game-changer, and ERIC is cheap enough to see significant upside if that indeed proves to be the case.
Dollar Tree
Source: digitalreflections / Shutterstock.com
The safe bet in dollar stores is Dollar General (NYSE:DG). Dollar General long has proven its bona fides as one of the country’s best retailers.
But a 22% rally so far this year leaves DG stock at all-time highs — and at a valuation much higher than historical levels. Higher unemployment perhaps suggests a mid-term tailwind, but there’s a case that the easy money has been made.
That leaves DLTR stock as an intriguing value play. The company hasn’t executed nearly as well as its larger rival. The acquisition of Family Dollar did not work out the way Dollar Tree management projected. As a result, DLTR stock has gained just 14% over the past five years. DG stock has soared 137%.
But for investors focusing on value stocks, there’s an intriguing case for DLTR stock at this point. The fiscal first quarter earnings report handily beat analyst estimates, leading shares to soar. But the gains have been given back in recent weeks. Valuation is much more conservative, at just 16x forward earnings. Weaker Family Dollar stores are being closed, and execution is slowly getting better.
7 of the Best Penny Stocks to Buy Now
Again, the safe bet is with stronger Dollar General stock. But while DLTR has more risk, it also has more potential reward.
Mastercraft Boat Holdings
Source: Shutterstock
Investors dumped boating stocks in a hurry in February and March. The coronavirus seemed likely to have a significant economic impact, which would hit demand.
But the sector has rallied just as fast: MCFT stock has more than tripled from the lows. The stock now is handily in the green so far this year, and it’s not alone: the same is true for larger rival Brunswick (NYSE:BC) and fellow performance boat manufacturer Malibu Boats (NASDAQ:MBUU).
The sector is gaining because it appears the pandemic actually has helped the industry. High-income individuals, many of whom have kept their job, have put funds allocated to travel or events toward the purchase of new boats. More may follow.
If that bull case plays out, MCFT stock should have still more upside ahead. It remains much cheaper than both MBUU and BC (neither of which is particularly expensive). Shares trade at about half their 2018 peaks.
To some extent, the easy money in MCFT probably has been made. But it’s too conservative to believe the rally is at an end.
Photronics
Source: Shutterstock
For years, Photronics stock couldn’t hold its gains. The stock repeatedly cleared $10, and occasionally challenged $12, but each time wound up pulling back.
The pattern seemed to finally end late last year. The manufacturer of photomasks used in semiconductor production saw its stock bust out to a 13-year high above $16. Optimism toward two new facilities in China, which would serve that country’s growing domestic industry, was a key catalyst.
Of course, the coronavirus upended those plans. PLAB stock started fading in January, and a bounce from March lows has reversed. Once again, the stock is back below $11.
But that weak trading comes in the context of a chip sector that has actually performed rather well in 2020, all things considered. The Philadelphia Semiconductor Index is up over 5% year-to-date. PLAB stock, however, is off 32%.
7 Emerging Markets ETFs for Adventurous Investors
Trade war concerns might account for some of that underperformance relative to the sector. It can’t account for all of it, however. It remains to be seen whether Photronics stock finally can hold $12, but it seems a reasonable bet it will at least have a chance to try.
Capri Holdings
Source: Chrispictures/Shutterstock.com
Capri stock looks exceptionally cheap. But it might well be the highest-risk stock on this list.
After all, there’s an almost surefire way to lose money over the past few years: own a retailer with significant debt on the balance sheet. Whether it’s a play like Michaels Stores (NASDAQ:MIK) or The Container Store (NYSE:TCS), ‘cheap’ earnings multiples have not been enough.
That was true for CPRI stock as well even before it turned further south in 2020. The legacy Michael Kors business is posting revenue declines. Profits at the Jimmy Choo and Versace units are taking a short-term hit as the company invests behind those brands.
But investors have written off Capri to a degree that seems potentially unwise. Both the Jimmy Choo and Versace brands should be resilient. Capri’s long-term targets suggested it could get earnings per share past $6; something above $4 probably gets the stock at least above $25 against a current $15.
Again, retail has been a disaster zone for investors for years now, with mostly value traps and very few actual value stocks. This time may not be any different. But even with that caveat, CPRI is at least intriguing.
Facebook
Source: Ink Drop / Shutterstock.com
At this point, investors might quibble with putting Facebook stock into the category of value stocks. After all, the stock trades at 24x next year’s earnings per share. That’s not quite the kind of multiple usually assigned value plays.
Investors might argue that Facebook is better classified as a growth stock. Revenue, after all, increased 27% year-over-year in 2019.
But that’s precisely the point. FB stock is undervalued relative to its growth, which seems enough to qualify as a value stock. And with the forward price to earnings multiple closer to 21x backing out the company’s net cash, shares hardly are expensive.
7 Stocks to Short Now to Make Big Money
There are risks here. Political pressure on the namesake platform once again is rising. But WhatsApp and Instagram alone support a good deal of the market value. Even with a sharp rally from March lows, FB still should have more upside ahead — no matter how investors categorize it.
Bristol-Myers Squibb
Source: Piotr Swat / Shutterstock.com
Bristol-Myers Squibb, on the other hand, quite clearly belongs among value stocks. BMY trades at less than 8x forward earnings.
There is an argument that the cheap valuation makes some sense. Large-cap pharmaceutical stocks, with only a few exceptions, have struggled in recent years. Celgene, acquired last year, is heavily reliant on cancer treatment revlimid, faces patent expiration in 2026.
But particularly with a pull back from May highs, Bristol-Myers Squibb stock simply looks too cheap. This still is one of the better pharmaceutical companies out there. Celgene has a solid pipeline, and more cost savings from the merger are on the way.
A 3.1% dividend yield is attractive given the safety in the business and a 10-year Treasury paying out less than 1% annually. BMY looks like a nice “buy on the dip” candidate at the moment.
John B. Sanfilippo & Sons
Source: Shutterstock
JBSS stock is another name that has underperformed its group so far this year. The nut processor and distributor has seen its shares decline 9% so far in 2020. Yet most grocery-focused stocks have rallied amid “pantry stocking” during the pandemic.
At some point, JBSS should make up this gap. Earnings are somewhat volatile, owing to wholesale prices for key products. But profits have steadily risen over time. Meanwhile, the family-owned business has been exceptionally shareholder-friendly: some long-time shareholders have a negative cost basis, as dividends (including a number of special payouts) have exceeded their original price.
Simply put, John B. Sanfilippo is an excellent company, despite a relatively unique business model. That should be enough for upside, even if it might take some patience.
Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets. He is long shares of Dell Technologies, short VMware as a partial hedge, and has no positions in any other securities mentioned.
The post 10 Value Stocks to Keep on Your Short List 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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10 Consumer Stocks to Buy to Ride the Post-Covid-19 Wave Here are 10 value stocks to watch for investors looking toward that end of the market: Dell Technologies (NYSE:DELL) Knoll (NYSE:KNL) Ericsson (NASDAQ:ERIC) Dollar Tree (NASDAQ:DLTR) Mastercraft Boat Holdings (NASDAQ:MCFT) Photronics (NASDAQ:PLAB) Capri Holdings (NYSE:CPRI) Facebook (NASDAQ:FB) Bristol-Myers Squibb (NYSE:BMY) John B. Sanfilippo & Sons (NASDAQ:JBSS) 10 Value Stocks: Dell Technologies Source: Jonathan Weiss / Shutterstock.com DELL stock jumped 8% on Wednesday on news that the company was considering a spin-off of its stake in VMware (NYSE:VMW). After all, Dell’s 81% stake in VMware is worth more than Dell’s current market capitalization. Debt on Dell’s balance sheet explains that to some extent, but even accounting for those borrowings, the non-VMware businesses are assigned an absurdly cheap valuation.
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10 Consumer Stocks to Buy to Ride the Post-Covid-19 Wave Here are 10 value stocks to watch for investors looking toward that end of the market: Dell Technologies (NYSE:DELL) Knoll (NYSE:KNL) Ericsson (NASDAQ:ERIC) Dollar Tree (NASDAQ:DLTR) Mastercraft Boat Holdings (NASDAQ:MCFT) Photronics (NASDAQ:PLAB) Capri Holdings (NYSE:CPRI) Facebook (NASDAQ:FB) Bristol-Myers Squibb (NYSE:BMY) John B. Sanfilippo & Sons (NASDAQ:JBSS) 10 Value Stocks: Dell Technologies Source: Jonathan Weiss / Shutterstock.com DELL stock jumped 8% on Wednesday on news that the company was considering a spin-off of its stake in VMware (NYSE:VMW). After all, Dell’s 81% stake in VMware is worth more than Dell’s current market capitalization. Debt on Dell’s balance sheet explains that to some extent, but even accounting for those borrowings, the non-VMware businesses are assigned an absurdly cheap valuation.
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10 Consumer Stocks to Buy to Ride the Post-Covid-19 Wave Here are 10 value stocks to watch for investors looking toward that end of the market: Dell Technologies (NYSE:DELL) Knoll (NYSE:KNL) Ericsson (NASDAQ:ERIC) Dollar Tree (NASDAQ:DLTR) Mastercraft Boat Holdings (NASDAQ:MCFT) Photronics (NASDAQ:PLAB) Capri Holdings (NYSE:CPRI) Facebook (NASDAQ:FB) Bristol-Myers Squibb (NYSE:BMY) John B. Sanfilippo & Sons (NASDAQ:JBSS) 10 Value Stocks: Dell Technologies Source: Jonathan Weiss / Shutterstock.com DELL stock jumped 8% on Wednesday on news that the company was considering a spin-off of its stake in VMware (NYSE:VMW). After all, Dell’s 81% stake in VMware is worth more than Dell’s current market capitalization. Debt on Dell’s balance sheet explains that to some extent, but even accounting for those borrowings, the non-VMware businesses are assigned an absurdly cheap valuation.
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10 Consumer Stocks to Buy to Ride the Post-Covid-19 Wave Here are 10 value stocks to watch for investors looking toward that end of the market: Dell Technologies (NYSE:DELL) Knoll (NYSE:KNL) Ericsson (NASDAQ:ERIC) Dollar Tree (NASDAQ:DLTR) Mastercraft Boat Holdings (NASDAQ:MCFT) Photronics (NASDAQ:PLAB) Capri Holdings (NYSE:CPRI) Facebook (NASDAQ:FB) Bristol-Myers Squibb (NYSE:BMY) John B. Sanfilippo & Sons (NASDAQ:JBSS) 10 Value Stocks: Dell Technologies Source: Jonathan Weiss / Shutterstock.com DELL stock jumped 8% on Wednesday on news that the company was considering a spin-off of its stake in VMware (NYSE:VMW). After all, Dell’s 81% stake in VMware is worth more than Dell’s current market capitalization. Debt on Dell’s balance sheet explains that to some extent, but even accounting for those borrowings, the non-VMware businesses are assigned an absurdly cheap valuation.
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726142.0
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2020-06-24 00:00:00 UTC
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Wall Street finishes lower on rising virus cases, weak economic view
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DELL
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https://www.nasdaq.com/articles/wall-street-finishes-lower-on-rising-virus-cases-weak-economic-view-2020-06-24-0
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nan
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nan
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By Sinéad Carew and Chuck Mikolajczak
NEW YORK, June 24 (Reuters) - Wall Street's three major indexes on Wednesday suffered their biggest daily percentage drop in almost two weeks as a surge in U.S. coronavirus cases intensified fears of another round of government lockdowns and worsening economic damage.
Nasdaq, which had registered its fifth record closing high on Tuesday, snapped an eight-day wining streak, which was its longest since December 2019.
The session marked the biggest percentage decline for all three indexes, including a 2.6% drop for the S&P 500, since June 11 when the S&P fell 5.89%.
The United States has recorded the second-largest rise in infections since the health crisis began, with a flare-up of cases in states where restrictions meant to contain the disease were lifted early.
The governors of New York, New Jersey and Connecticut announced that visitors from states with high coronavirus infection rates must self-quarantine for 14 days on arrival.
"Today was finally the day markets came to terms with the fact that increasing COVID-19 cases could mean a slower recovery in the economy," said Art Hogan, chief market strategist at National Securities in New York.
The pandemic appeared to be causing wider and deeper damage to economic activity than first thought. The IMF said it now expects global output to shrink by 4.9%, compared with a 3.0% contraction predicted in April.
Advanced economies have been particularly hard hit, with U.S. output now expected to shrink 8.0%, more than two percentage points worse than the April forecast.
Shares of U.S. airlines, resorts and cruise operators slumped as travel was hit hard by lockdowns. Royal Caribbean Cruises Ltd RCL.N, Norwegian Cruise Line Holdings Ltd NCLH.N and Wynn Resorts WYNN.O all tumbled along with the NYSE Arca Airline index .XAL.
Cruise operator Carnival Corp CCL.N fell 11% as it also faced a Standard & Poor's credit rating downgrade for its bonds to junk status.
The Dow Jones Industrial Average .DJI fell 710.16 points, or 2.72%, to 25,445.94, the S&P 500 .SPX lost 80.96 points, or 2.59%, to 3,050.33 and the Nasdaq Composite .IXIC dropped 222.20 points, or 2.19%, to 9,909.17.
The S&P 500 finished the session about 10% under its Feb. 19 closing record high while the Dow Jones Industrials .DJI was about 14% from its Feb. 12 record close.
Wall Street's fear gauge, the CBOE volatility index .VIX, closed 2.47 points higher at 33.84.
Before Wednesday's sell-off, a slate of better-than-feared economic reports, easing lockdowns and massive stimulus measures had powered the Nasdaq to an all-time high and put the benchmark S&P 500 on track for its best quarterly performance since 1998.
"The market seemed pretty confident we were going to be in much better shape in 4-6 months from now. With the resurgence of cases, they're starting to discount that," said Shawn Cruz, senior manager for trader strategy at TD Ameritrade in Jersey City, New Jersey.
The biggest decliner among the 11 major S&P sub-sectors was energy .SPNY, down 5.5%, as crude prices slumped on news of record storage and concerns about demand.
Utilities .SPLRCU, down 0.9%, showed the smallest percentage decline as it is seen as a defensive sector with predictable revenue.
Dell Technologies Inc DELL.N shares jumped 8.3% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. VMware rose 2.3%.
Declining issues outnumbered advancing ones on the NYSE by a 6.84-to-1 ratio; on Nasdaq, a 4.58-to-1 ratio favored decliners.
The S&P 500 posted 1 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 11 new lows.
On U.S. exchanges 13.35 billion shares changed hands compared with the 13.31 billion average for the last 20 sessions.
(Additional reporting by Chuck Mikolajczak; Editing by Cynthia Osterman)
((sinead.carew@thomsonreuters.com; +1 (646) 223 6186; Reuters Messaging: sinead.carew.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc DELL.N shares jumped 8.3% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. By Sinéad Carew and Chuck Mikolajczak NEW YORK, June 24 (Reuters) - Wall Street's three major indexes on Wednesday suffered their biggest daily percentage drop in almost two weeks as a surge in U.S. coronavirus cases intensified fears of another round of government lockdowns and worsening economic damage. Before Wednesday's sell-off, a slate of better-than-feared economic reports, easing lockdowns and massive stimulus measures had powered the Nasdaq to an all-time high and put the benchmark S&P 500 on track for its best quarterly performance since 1998.
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Dell Technologies Inc DELL.N shares jumped 8.3% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. By Sinéad Carew and Chuck Mikolajczak NEW YORK, June 24 (Reuters) - Wall Street's three major indexes on Wednesday suffered their biggest daily percentage drop in almost two weeks as a surge in U.S. coronavirus cases intensified fears of another round of government lockdowns and worsening economic damage. Shares of U.S. airlines, resorts and cruise operators slumped as travel was hit hard by lockdowns.
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Dell Technologies Inc DELL.N shares jumped 8.3% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. By Sinéad Carew and Chuck Mikolajczak NEW YORK, June 24 (Reuters) - Wall Street's three major indexes on Wednesday suffered their biggest daily percentage drop in almost two weeks as a surge in U.S. coronavirus cases intensified fears of another round of government lockdowns and worsening economic damage. The Dow Jones Industrial Average .DJI fell 710.16 points, or 2.72%, to 25,445.94, the S&P 500 .SPX lost 80.96 points, or 2.59%, to 3,050.33 and the Nasdaq Composite .IXIC dropped 222.20 points, or 2.19%, to 9,909.17.
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Dell Technologies Inc DELL.N shares jumped 8.3% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. The session marked the biggest percentage decline for all three indexes, including a 2.6% drop for the S&P 500, since June 11 when the S&P fell 5.89%. The governors of New York, New Jersey and Connecticut announced that visitors from states with high coronavirus infection rates must self-quarantine for 14 days on arrival.
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6bc5c5d1-152b-446f-9d8d-470c7b17d335
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726143.0
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2020-06-24 00:00:00 UTC
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Technology Sector Update for 06/24/2020: ZM,CRM,MSFT,AAPL,DELL,VMW,HHT
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-06-24-2020%3A-zmcrmmsftaapldellvmwhht-2020-06-24
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nan
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Technology stocks fell during Wednesday trading, with the SPDR Technology Select Sector ETF declining 2.1% while the Philadelphia Semiconductor Index also slipped 1.7%.
In company news, Zoom Video Communications (ZM) still was nearly 1% higher, earlier rising 2.3% to a new record high of $258.75 a share after the video chat platform company named a security expert with prior stints at Salesforce (CRM) and Microsoft (MSFT) as its new chief information security officer. Jason Lee joins Zoom from Salesforce where he most recently was senior vice president for security operations and previous was the principal director of security engineering at Microsoft.
Dell Technologies (DELL) rose 8% on Wednesday after the Wall Street Journal, citing people familiar with the matter, said the computer hardware company was considering various options, including the spinoff of its 81% stake in VMWare (VMW). The stock also was finding support after Wells Fargo raised its price target by $13 to $70 a share and also reiterated its overweight rating for the company's stock. VMWare shares were 2.1% higher.
Color Star Technology (HHT) climbed over 23% higher after its Color China Entertainment subsidiary signed a strategic agreement with Mixx Lifestyle Inc to set up Maxx's first offline learning site and live music venue in mid-town Manhattan. Color China will provide all necessary performance equipment to support the new partnership.
To the downside, Apple (AAPL) slid about 1.5% after Politico reported the tech giant could be the subject of an antitrust probe by the US Department of Justice and the attorneys general in several states into its App Store policies following complaints from Apple products competitors and other companies. Apple also acquired privately held software firm Fleetsmith for an undisclosed amount, according to a Wednesday post on the Fleetsmith blog.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL) rose 8% on Wednesday after the Wall Street Journal, citing people familiar with the matter, said the computer hardware company was considering various options, including the spinoff of its 81% stake in VMWare (VMW). In company news, Zoom Video Communications (ZM) still was nearly 1% higher, earlier rising 2.3% to a new record high of $258.75 a share after the video chat platform company named a security expert with prior stints at Salesforce (CRM) and Microsoft (MSFT) as its new chief information security officer. Color Star Technology (HHT) climbed over 23% higher after its Color China Entertainment subsidiary signed a strategic agreement with Mixx Lifestyle Inc to set up Maxx's first offline learning site and live music venue in mid-town Manhattan.
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Dell Technologies (DELL) rose 8% on Wednesday after the Wall Street Journal, citing people familiar with the matter, said the computer hardware company was considering various options, including the spinoff of its 81% stake in VMWare (VMW). In company news, Zoom Video Communications (ZM) still was nearly 1% higher, earlier rising 2.3% to a new record high of $258.75 a share after the video chat platform company named a security expert with prior stints at Salesforce (CRM) and Microsoft (MSFT) as its new chief information security officer. Color Star Technology (HHT) climbed over 23% higher after its Color China Entertainment subsidiary signed a strategic agreement with Mixx Lifestyle Inc to set up Maxx's first offline learning site and live music venue in mid-town Manhattan.
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Dell Technologies (DELL) rose 8% on Wednesday after the Wall Street Journal, citing people familiar with the matter, said the computer hardware company was considering various options, including the spinoff of its 81% stake in VMWare (VMW). In company news, Zoom Video Communications (ZM) still was nearly 1% higher, earlier rising 2.3% to a new record high of $258.75 a share after the video chat platform company named a security expert with prior stints at Salesforce (CRM) and Microsoft (MSFT) as its new chief information security officer. Color Star Technology (HHT) climbed over 23% higher after its Color China Entertainment subsidiary signed a strategic agreement with Mixx Lifestyle Inc to set up Maxx's first offline learning site and live music venue in mid-town Manhattan.
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Dell Technologies (DELL) rose 8% on Wednesday after the Wall Street Journal, citing people familiar with the matter, said the computer hardware company was considering various options, including the spinoff of its 81% stake in VMWare (VMW). Technology stocks fell during Wednesday trading, with the SPDR Technology Select Sector ETF declining 2.1% while the Philadelphia Semiconductor Index also slipped 1.7%. In company news, Zoom Video Communications (ZM) still was nearly 1% higher, earlier rising 2.3% to a new record high of $258.75 a share after the video chat platform company named a security expert with prior stints at Salesforce (CRM) and Microsoft (MSFT) as its new chief information security officer.
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726144.0
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2020-06-24 00:00:00 UTC
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Wall Street drops on rising virus cases, weak economic view
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DELL
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https://www.nasdaq.com/articles/wall-street-drops-on-rising-virus-cases-weak-economic-view-2020-06-24
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nan
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nan
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By Chuck Mikolajczak
NEW YORK, June 24 (Reuters) - U.S. stocks fell sharply on Wednesday as a surge in coronavirus cases in the United States re-ignited fears of a new round of government lockdowns, compounding worsening forecasts of the economic damage from the pandemic further.
The United States has recorded the second-largest rise in infections since the health crisis began, with states where restrictions meant to slow the spread of the disease were lifted early witnessing a flare-up in cases.
The governors of New York, New Jersey and Connecticut announced that visitors from states with high coronavirus infection rates must self-quarantine for 14 days on arrival.
"Markets have to start taking that seriously as it might impact the pace of the economic recovery and different states roll out plans," said Art Hogan, chief market strategist at National Securities in New York.
"Today was finally the day markets came to terms with the fact that increasing COVID-19 cases could mean a slower recovery in the economy."
Shares of U.S. airlines, resorts and cruise operators slumped. Royal Caribbean Cruises Ltd RCL.N, Norwegian Cruise Line Holdings Ltd NCLH.N and Wynn Resorts WYNN.O all tumbled by at least 9% while the NYSE Arca Airline index .XAL plunged 7.04%.
The pandemic was causing wider and deeper damage to economic activity than first thought, the International Monetary Fund said, prompting it to slash 2020 global output forecasts further to 4.9% from 3.0%.
Advanced economies have been particularly hard hit, with U.S. output now expected to shrink 8.0%, more than 2 percentage points worse than the April forecast.
Wall Street's fear gauge, the CBOE volatility index .VIX, rose to a one-week high at 37.12.
A slate of better-than-feared economic reports, easing lockdowns and massive stimulus measures have powered the Nasdaq to an all-time high and put the benchmark S&P 500 on track for its best quarterly performance since 1998.
The S&P 500 and Dow Jones Industrials .DJI are just about 10% and 14% from their respective February record closing highs.
The Dow Jones Industrial Average .DJI fell 761.2 points, or 2.91%, to 25,394.9, the S&P 500 .SPX lost 87.93 points, or 2.81%, to 3,043.36 and the Nasdaq Composite .IXIC dropped 251.87 points, or 2.49%, to 9,879.50.
The biggest decliner among the 11 major S&P sub-sectors was energy .SPNY, as crude prices slumped on a report showing another record storage level and the possibility of a drop in demand on a pandemic resurgence.
In addition to coronavirus concerns, Carnival Corp CCL.N declined 10.90% as ratings agency Standard & Poor's downgraded its bonds to junk status, forecasting continued weak demand for the cruise industry.
Dell Technologies Inc DELL.N was a bright spot, as its shares jumped 7.61% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. VMware advanced 2.85%.
Declining issues outnumbered advancing ones on the NYSE by a 8.69-to-1 ratio; on Nasdaq, a 5.86-to-1 ratio favored decliners.
The S&P 500 posted one new 52-week highs and no new lows; the Nasdaq Composite recorded 39 new highs and 10 new lows.
(Reporting by Chuck Mikolajczak; Editing by Cynthia Osterman)
((charles.mikolajczak@tr.com; @ChuckMik; Reuters Messaging: charles.mikolajczak.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc DELL.N was a bright spot, as its shares jumped 7.61% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. By Chuck Mikolajczak NEW YORK, June 24 (Reuters) - U.S. stocks fell sharply on Wednesday as a surge in coronavirus cases in the United States re-ignited fears of a new round of government lockdowns, compounding worsening forecasts of the economic damage from the pandemic further. A slate of better-than-feared economic reports, easing lockdowns and massive stimulus measures have powered the Nasdaq to an all-time high and put the benchmark S&P 500 on track for its best quarterly performance since 1998.
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Dell Technologies Inc DELL.N was a bright spot, as its shares jumped 7.61% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. The governors of New York, New Jersey and Connecticut announced that visitors from states with high coronavirus infection rates must self-quarantine for 14 days on arrival. The Dow Jones Industrial Average .DJI fell 761.2 points, or 2.91%, to 25,394.9, the S&P 500 .SPX lost 87.93 points, or 2.81%, to 3,043.36 and the Nasdaq Composite .IXIC dropped 251.87 points, or 2.49%, to 9,879.50.
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Dell Technologies Inc DELL.N was a bright spot, as its shares jumped 7.61% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. By Chuck Mikolajczak NEW YORK, June 24 (Reuters) - U.S. stocks fell sharply on Wednesday as a surge in coronavirus cases in the United States re-ignited fears of a new round of government lockdowns, compounding worsening forecasts of the economic damage from the pandemic further. The Dow Jones Industrial Average .DJI fell 761.2 points, or 2.91%, to 25,394.9, the S&P 500 .SPX lost 87.93 points, or 2.81%, to 3,043.36 and the Nasdaq Composite .IXIC dropped 251.87 points, or 2.49%, to 9,879.50.
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Dell Technologies Inc DELL.N was a bright spot, as its shares jumped 7.61% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. By Chuck Mikolajczak NEW YORK, June 24 (Reuters) - U.S. stocks fell sharply on Wednesday as a surge in coronavirus cases in the United States re-ignited fears of a new round of government lockdowns, compounding worsening forecasts of the economic damage from the pandemic further. The S&P 500 and Dow Jones Industrials .DJI are just about 10% and 14% from their respective February record closing highs.
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f80a293c-6711-486b-80d0-fc74635b3c2a
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726145.0
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2020-06-24 00:00:00 UTC
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Technology Sector Update for 06/24/2020: AAPL,DELL,VMW,HHT
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-06-24-2020%3A-aapldellvmwhht-2020-06-24
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nan
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nan
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Technology stocks were falling in Wednesday trading, with the SPDR Technology Select Sector ETF declining 2.3% while the Philadelphia Semiconductor Index also was slipping 2.3%.
In company news, Apple (AAPL) slid about 1.7% lower after Politico reported the tech giant could be the subject of an anti-trust probe by the US Department of Justice and attorneys general in several states into its App Store policies. Apple also acquired privately held software firm Fleetsmith for an undisclosed amount, according to a post on the Fleetsmith blog.
Dell Technologies (DELL) rose almost 6% after The Wall Street Journal, citing people familiar with the matter, said the computer hardware company was considering various options, including the spinoff of its 81% stake in VMWare (VMW). The stock also was finding support after Wells Fargo raised its price target by $13 to $70 a share and also reiterated its overweight rating for the company's stock. VMWare shares were 3% higher.
Color Star Technology (HHT) also was 17% higher after its Color China Entertainment subsidiary signed a strategic agreement with Mixx Lifestyle Inc to set up Maxx's first offline learning site and live music venue in mid-town Manhattan. Color China will provide all necessary performance equipment to support the effort.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL) rose almost 6% after The Wall Street Journal, citing people familiar with the matter, said the computer hardware company was considering various options, including the spinoff of its 81% stake in VMWare (VMW). In company news, Apple (AAPL) slid about 1.7% lower after Politico reported the tech giant could be the subject of an anti-trust probe by the US Department of Justice and attorneys general in several states into its App Store policies. Color Star Technology (HHT) also was 17% higher after its Color China Entertainment subsidiary signed a strategic agreement with Mixx Lifestyle Inc to set up Maxx's first offline learning site and live music venue in mid-town Manhattan.
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Dell Technologies (DELL) rose almost 6% after The Wall Street Journal, citing people familiar with the matter, said the computer hardware company was considering various options, including the spinoff of its 81% stake in VMWare (VMW). VMWare shares were 3% higher. Color Star Technology (HHT) also was 17% higher after its Color China Entertainment subsidiary signed a strategic agreement with Mixx Lifestyle Inc to set up Maxx's first offline learning site and live music venue in mid-town Manhattan.
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Dell Technologies (DELL) rose almost 6% after The Wall Street Journal, citing people familiar with the matter, said the computer hardware company was considering various options, including the spinoff of its 81% stake in VMWare (VMW). The stock also was finding support after Wells Fargo raised its price target by $13 to $70 a share and also reiterated its overweight rating for the company's stock. Color Star Technology (HHT) also was 17% higher after its Color China Entertainment subsidiary signed a strategic agreement with Mixx Lifestyle Inc to set up Maxx's first offline learning site and live music venue in mid-town Manhattan.
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Dell Technologies (DELL) rose almost 6% after The Wall Street Journal, citing people familiar with the matter, said the computer hardware company was considering various options, including the spinoff of its 81% stake in VMWare (VMW). Technology stocks were falling in Wednesday trading, with the SPDR Technology Select Sector ETF declining 2.3% while the Philadelphia Semiconductor Index also was slipping 2.3%. In company news, Apple (AAPL) slid about 1.7% lower after Politico reported the tech giant could be the subject of an anti-trust probe by the US Department of Justice and attorneys general in several states into its App Store policies.
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974a6424-6f55-496c-9d62-07085844448e
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726146.0
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2020-06-24 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Sabre Corp, Sotherly Hotels, Plug Power
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DELL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-sabre-corp-sotherly-hotels-plug-power-2020-06-24
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic .N
At 13:00 p.m. ET, the Dow Jones Industrial Average .DJI was down 2.50% at 25,501.22. The S&P 500 .SPX was down 2.42% at 3,055.41 and the Nasdaq Composite .IXIC was down 2.06% at 9,922.34. The top three S&P 500 .PG.INX percentage gainers: ** Tyler Technologies Inc , up 1.1% ** Ch Robinson Worldwide Inc , up 1.1% ** Kroger Co , up 0.7% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line , down 11.8% ** Royal Caribbean Cruises , down 10.2% ** Carnival Corp , down 9.8% The top three NYSE .PG.N percentage gainers: ** Alpha Pro Tech APT.N, up 16.3% ** Document Security Systems Inc , up 16.9% ** Dell Technologies Inc , up 8.3% The top three NYSE .PL.N percentage losers: ** Nabors Industries Ltd , down 18.6% ** Contura Energy CTRA.N, down 16.3% ** Yiren Digital Ltd , down 16.3% The top three Nasdaq .PG.O percentage gainers: ** Wins Finance Holdings Inc , up 146% ** Sintx Technologies , up 62% ** Yunhong Cti , up 43.2% The top three Nasdaq .PL.O percentage losers: ** Gordn Pointe Acquisition Corp , down 22.3% ** Biosig Technologies , down 20.5% ** Broadway Financial Corp , down 18.8% ** Renewable Energy REGI.O: down 18.3%
BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 8.5%
BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Professional Diversity Network IPDN.O: up 56.0%
BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 7.7%
BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 15.9%
BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 12.4%
BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 3.9%
BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 9.8%
BUZZ-Tumbles as S&P cuts credit rating to junk status ** Logitech LOGN.S: down 1.0%
BUZZ-Wedbush downgrades U.S.-listed shares to 'neutral' on valuation ** Biohaven BHVN.N: down 4.9%
BUZZ-Down after OCD treatment fails to meet study goal ** T-Mobile TMUS.O: down 0.6%
BUZZ-Slips after pricing SoftBank share sale ** Patterson Companies PDCO.O: up 2.2%
BUZZ-Rises as Q4 results top estimate ** Tesla Inc TSLA.O: down 3.8%
BUZZ-Falls as U.S. agency probes touchscreen failures in 63,000 Model S cars ** Fulcrum Therapeutics FULC.O: up 7.9%
BUZZ-Rises on FDA nod to begin late-stage COVID-19 drug study ** Top Ships TOPS.O: down 12.8%
BUZZ-Drops on pricing stock offering at discount ** Soligenix SNGX.O: up 3.9%
BUZZ-Rises as co enrolls 268 volunteers for ulcer drug study ** BioSig Technologies BSGM.O: down 20.5%
BUZZ-Tumbles on direct stock offering ** Sabre Corp SABR.O: down 8.2%
BUZZ-Falls after air bookings remain hurt in June ** Sotherly Hotels SOHO.O: down 8.1%
BUZZ-Falls on bigger Q1 loss, lower revenue ** Plug Power PLUG.O: up 13.8%
BUZZ-Jumps as brokerages raise PT on higher revenue forecast
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 2.39%
Consumer Discretionary
.SPLRCD
down 2.01%
Consumer Staples
.SPLRCS
down 1.61%
Energy
.SPNY
down 4.91%
Financial
.SPSY
down 2.90%
Health
.SPXHC
down 2.66%
Industrial
.SPLRCI
down 3.04%
Information Technology
.SPLRCT
down 2.06%
Materials
.SPLRCM
down 2.36%
Real Estate
.SPLRCR
down 3.40%
Utilities
.SPLRCU
down 1.47%
(Compiled by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))
The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Tyler Technologies Inc , up 1.1% ** Ch Robinson Worldwide Inc , up 1.1% ** Kroger Co , up 0.7% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line , down 11.8% ** Royal Caribbean Cruises , down 10.2% ** Carnival Corp , down 9.8% The top three NYSE .PG.N percentage gainers: ** Alpha Pro Tech APT.N, up 16.3% ** Document Security Systems Inc , up 16.9% ** Dell Technologies Inc , up 8.3% The top three NYSE .PL.N percentage losers: ** Nabors Industries Ltd , down 18.6% ** Contura Energy CTRA.N, down 16.3% ** Yiren Digital Ltd , down 16.3% The top three Nasdaq .PG.O percentage gainers: ** Wins Finance Holdings Inc , up 146% ** Sintx Technologies , up 62% ** Yunhong Cti , up 43.2% The top three Nasdaq .PL.O percentage losers: ** Gordn Pointe Acquisition Corp , down 22.3% ** Biosig Technologies , down 20.5% ** Broadway Financial Corp , down 18.8% ** Renewable Energy REGI.O: down 18.3% BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 8.5% BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Professional Diversity Network IPDN.O: up 56.0% BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 7.7% BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 15.9% BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 12.4% BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 3.9% BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 9.8% BUZZ-Tumbles as S&P cuts credit rating to junk status ** Logitech LOGN.S: down 1.0% BUZZ-Wedbush downgrades U.S.-listed shares to 'neutral' on valuation ** Biohaven BHVN.N: down 4.9% BUZZ-Down after OCD treatment fails to meet study goal ** T-Mobile TMUS.O: down 0.6% BUZZ-Slips after pricing SoftBank share sale ** Patterson Companies PDCO.O: up 2.2% BUZZ-Rises as Q4 results top estimate ** Tesla Inc TSLA.O: down 3.8% BUZZ-Falls as U.S. agency probes touchscreen failures in 63,000 Model S cars ** Fulcrum Therapeutics FULC.O: up 7.9% BUZZ-Rises on FDA nod to begin late-stage COVID-19 drug study ** Top Ships TOPS.O: down 12.8% BUZZ-Drops on pricing stock offering at discount ** Soligenix SNGX.O: up 3.9% BUZZ-Rises as co enrolls 268 volunteers for ulcer drug study ** BioSig Technologies BSGM.O: down 20.5% BUZZ-Tumbles on direct stock offering ** Sabre Corp SABR.O: down 8.2% BUZZ-Falls after air bookings remain hurt in June ** Sotherly Hotels SOHO.O: down 8.1% BUZZ-Falls on bigger Q1 loss, lower revenue ** Plug Power PLUG.O: up 13.8% BUZZ-Jumps as brokerages raise PT on higher revenue forecast The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic .N At 13:00 p.m. down 1.47% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Tyler Technologies Inc , up 1.1% ** Ch Robinson Worldwide Inc , up 1.1% ** Kroger Co , up 0.7% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line , down 11.8% ** Royal Caribbean Cruises , down 10.2% ** Carnival Corp , down 9.8% The top three NYSE .PG.N percentage gainers: ** Alpha Pro Tech APT.N, up 16.3% ** Document Security Systems Inc , up 16.9% ** Dell Technologies Inc , up 8.3% The top three NYSE .PL.N percentage losers: ** Nabors Industries Ltd , down 18.6% ** Contura Energy CTRA.N, down 16.3% ** Yiren Digital Ltd , down 16.3% The top three Nasdaq .PG.O percentage gainers: ** Wins Finance Holdings Inc , up 146% ** Sintx Technologies , up 62% ** Yunhong Cti , up 43.2% The top three Nasdaq .PL.O percentage losers: ** Gordn Pointe Acquisition Corp , down 22.3% ** Biosig Technologies , down 20.5% ** Broadway Financial Corp , down 18.8% ** Renewable Energy REGI.O: down 18.3% BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 8.5% BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Professional Diversity Network IPDN.O: up 56.0% BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 7.7% BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 15.9% BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 12.4% BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 3.9% BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 9.8% BUZZ-Tumbles as S&P cuts credit rating to junk status ** Logitech LOGN.S: down 1.0% BUZZ-Wedbush downgrades U.S.-listed shares to 'neutral' on valuation ** Biohaven BHVN.N: down 4.9% BUZZ-Down after OCD treatment fails to meet study goal ** T-Mobile TMUS.O: down 0.6% BUZZ-Slips after pricing SoftBank share sale ** Patterson Companies PDCO.O: up 2.2% BUZZ-Rises as Q4 results top estimate ** Tesla Inc TSLA.O: down 3.8% BUZZ-Falls as U.S. agency probes touchscreen failures in 63,000 Model S cars ** Fulcrum Therapeutics FULC.O: up 7.9% BUZZ-Rises on FDA nod to begin late-stage COVID-19 drug study ** Top Ships TOPS.O: down 12.8% BUZZ-Drops on pricing stock offering at discount ** Soligenix SNGX.O: up 3.9% BUZZ-Rises as co enrolls 268 volunteers for ulcer drug study ** BioSig Technologies BSGM.O: down 20.5% BUZZ-Tumbles on direct stock offering ** Sabre Corp SABR.O: down 8.2% BUZZ-Falls after air bookings remain hurt in June ** Sotherly Hotels SOHO.O: down 8.1% BUZZ-Falls on bigger Q1 loss, lower revenue ** Plug Power PLUG.O: up 13.8% BUZZ-Jumps as brokerages raise PT on higher revenue forecast The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic .N At 13:00 p.m. down 1.47% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Tyler Technologies Inc , up 1.1% ** Ch Robinson Worldwide Inc , up 1.1% ** Kroger Co , up 0.7% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line , down 11.8% ** Royal Caribbean Cruises , down 10.2% ** Carnival Corp , down 9.8% The top three NYSE .PG.N percentage gainers: ** Alpha Pro Tech APT.N, up 16.3% ** Document Security Systems Inc , up 16.9% ** Dell Technologies Inc , up 8.3% The top three NYSE .PL.N percentage losers: ** Nabors Industries Ltd , down 18.6% ** Contura Energy CTRA.N, down 16.3% ** Yiren Digital Ltd , down 16.3% The top three Nasdaq .PG.O percentage gainers: ** Wins Finance Holdings Inc , up 146% ** Sintx Technologies , up 62% ** Yunhong Cti , up 43.2% The top three Nasdaq .PL.O percentage losers: ** Gordn Pointe Acquisition Corp , down 22.3% ** Biosig Technologies , down 20.5% ** Broadway Financial Corp , down 18.8% ** Renewable Energy REGI.O: down 18.3% BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 8.5% BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Professional Diversity Network IPDN.O: up 56.0% BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 7.7% BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 15.9% BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 12.4% BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 3.9% BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 9.8% BUZZ-Tumbles as S&P cuts credit rating to junk status ** Logitech LOGN.S: down 1.0% BUZZ-Wedbush downgrades U.S.-listed shares to 'neutral' on valuation ** Biohaven BHVN.N: down 4.9% BUZZ-Down after OCD treatment fails to meet study goal ** T-Mobile TMUS.O: down 0.6% BUZZ-Slips after pricing SoftBank share sale ** Patterson Companies PDCO.O: up 2.2% BUZZ-Rises as Q4 results top estimate ** Tesla Inc TSLA.O: down 3.8% BUZZ-Falls as U.S. agency probes touchscreen failures in 63,000 Model S cars ** Fulcrum Therapeutics FULC.O: up 7.9% BUZZ-Rises on FDA nod to begin late-stage COVID-19 drug study ** Top Ships TOPS.O: down 12.8% BUZZ-Drops on pricing stock offering at discount ** Soligenix SNGX.O: up 3.9% BUZZ-Rises as co enrolls 268 volunteers for ulcer drug study ** BioSig Technologies BSGM.O: down 20.5% BUZZ-Tumbles on direct stock offering ** Sabre Corp SABR.O: down 8.2% BUZZ-Falls after air bookings remain hurt in June ** Sotherly Hotels SOHO.O: down 8.1% BUZZ-Falls on bigger Q1 loss, lower revenue ** Plug Power PLUG.O: up 13.8% BUZZ-Jumps as brokerages raise PT on higher revenue forecast The 11 major S&P 500 sectors: Communication Services down 2.39% Consumer Discretionary down 2.01% Consumer Staples
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The top three S&P 500 .PG.INX percentage gainers: ** Tyler Technologies Inc , up 1.1% ** Ch Robinson Worldwide Inc , up 1.1% ** Kroger Co , up 0.7% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line , down 11.8% ** Royal Caribbean Cruises , down 10.2% ** Carnival Corp , down 9.8% The top three NYSE .PG.N percentage gainers: ** Alpha Pro Tech APT.N, up 16.3% ** Document Security Systems Inc , up 16.9% ** Dell Technologies Inc , up 8.3% The top three NYSE .PL.N percentage losers: ** Nabors Industries Ltd , down 18.6% ** Contura Energy CTRA.N, down 16.3% ** Yiren Digital Ltd , down 16.3% The top three Nasdaq .PG.O percentage gainers: ** Wins Finance Holdings Inc , up 146% ** Sintx Technologies , up 62% ** Yunhong Cti , up 43.2% The top three Nasdaq .PL.O percentage losers: ** Gordn Pointe Acquisition Corp , down 22.3% ** Biosig Technologies , down 20.5% ** Broadway Financial Corp , down 18.8% ** Renewable Energy REGI.O: down 18.3% BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 8.5% BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Professional Diversity Network IPDN.O: up 56.0% BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 7.7% BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 15.9% BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 12.4% BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 3.9% BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 9.8% BUZZ-Tumbles as S&P cuts credit rating to junk status ** Logitech LOGN.S: down 1.0% BUZZ-Wedbush downgrades U.S.-listed shares to 'neutral' on valuation ** Biohaven BHVN.N: down 4.9% BUZZ-Down after OCD treatment fails to meet study goal ** T-Mobile TMUS.O: down 0.6% BUZZ-Slips after pricing SoftBank share sale ** Patterson Companies PDCO.O: up 2.2% BUZZ-Rises as Q4 results top estimate ** Tesla Inc TSLA.O: down 3.8% BUZZ-Falls as U.S. agency probes touchscreen failures in 63,000 Model S cars ** Fulcrum Therapeutics FULC.O: up 7.9% BUZZ-Rises on FDA nod to begin late-stage COVID-19 drug study ** Top Ships TOPS.O: down 12.8% BUZZ-Drops on pricing stock offering at discount ** Soligenix SNGX.O: up 3.9% BUZZ-Rises as co enrolls 268 volunteers for ulcer drug study ** BioSig Technologies BSGM.O: down 20.5% BUZZ-Tumbles on direct stock offering ** Sabre Corp SABR.O: down 8.2% BUZZ-Falls after air bookings remain hurt in June ** Sotherly Hotels SOHO.O: down 8.1% BUZZ-Falls on bigger Q1 loss, lower revenue ** Plug Power PLUG.O: up 13.8% BUZZ-Jumps as brokerages raise PT on higher revenue forecast The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic .N At 13:00 p.m. ET, the Dow Jones Industrial Average .DJI was down 2.50% at 25,501.22.
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e6a5d5e2-815f-4f24-a8b3-1f3cfbd1d68d
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726147.0
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2020-06-24 00:00:00 UTC
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Wall Street tumbles on rising virus cases, grim economic forecast
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DELL
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https://www.nasdaq.com/articles/wall-street-tumbles-on-rising-virus-cases-grim-economic-forecast-2020-06-24
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nan
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nan
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(For a live blog on the U.S. stock market, click [LIVE/] or type LIVE/ in a news window)
* Carnival's credit rating cut to junk status by S&P
* Dell jumps on report of spinning off VMware stake
* Indexes off: Dow 2.51%, S&P 2.42%, Nasdaq 2.06% (Updates to early afternoon)
By Medha Singh and Devik Jain
June 24 (Reuters) - U.S. stocks fell sharply on Wednesday as a surge in coronavirus cases in the United States fanned fears of a fresh lockdown, with worsening forecasts of the economic damage from the pandemic further denting sentiment.
The United States has recorded the second-largest rise in infections since the health crisis began, with states where restrictions meant to slow the spread of the disease were lifted early witnessing a flare up in cases.
The governors of New York, New Jersey and Connecticut announced that visitors from states with high coronavirus infection rates must self-quarantine for 14 days on arrival.
Shares of U.S. airlines, resorts and cruise operators slumped and the S&P 1500 airlines index fell 7.3%. Royal Caribbean Cruises Ltd , Norwegian Cruise Line Holdings Ltd and Wynn Resorts shed between 9% to 12%.
"There is a sudden perception change among investors related to the extent of new round of virus cases," said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.
"The greatest focus is on COVID-19 (news) more than anything else until we get a more granular look at to what's going on."
The pandemic was causing wider and deeper damage to economic activity than first thought, the International Monetary Fund said, prompting it to slash 2020 global output forecasts further to 4.9% from 3.0%.
Advanced economies have been particularly hard hit, with U.S. output now expected to shrink 8.0%, more than 2 percentage points worse than the April forecast.
Wall Street's fear gauge, the CBOE volatility index , rose to a one-week high at 35.86.
A slate of better-than-feared economic reports, easing lockdowns and massive stimulus measures have powered the Nasdaq to an all-time high and put the benchmark S&P 500 on track for its best quarterly performance since 1975.
The S&P 500 and Dow Jones Industrials are just about 10% and 13.7% from their respective February record closing highs.
At 12:52 p.m. ET, the Dow Jones Industrial Average was down 656.54 points, or 2.51%, at 25,499.56, the S&P 500 was down 75.81 points, or 2.42%, at 3,055.48. The Nasdaq Composite was down 208.52 points, or 2.06%, at 9,922.85.
The biggest decliner among the 11 major S&P sub-sectors was energy , which tracked a steep fall in oil prices. [O/R][O/R]
Carnival Corp declined 10% as ratings agency Standard & Poor's downgraded its bonds to junk status, forecasting continued weak demand for the cruise industry.
On the other hand, Dell Technologies Inc jumped 11% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc . VMware advanced 2.7%.
Declining issues outnumbered advancers more than 9-to-1 on the NYSE and 6-to-1 on the Nasdaq.
The S&P index recorded one new 52-week high and no new low, while the Nasdaq recorded 36 new highs and nine new lows. (Reporting by Medha Singh and Devik Jain in Bengaluru; Editing by Arun Koyyur) ((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6749 1130; Twitter: https://twitter.com/medhasinghs)) Keywords: USA STOCKS/ (UPDATE 4)
The views and 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 live blog on the U.S. stock market, click [LIVE/] or type LIVE/ in a news window) * Carnival's credit rating cut to junk status by S&P * Dell jumps on report of spinning off VMware stake * Indexes off: Dow 2.51%, S&P 2.42%, Nasdaq 2.06% (Updates to early afternoon) By Medha Singh and Devik Jain June 24 (Reuters) - U.S. stocks fell sharply on Wednesday as a surge in coronavirus cases in the United States fanned fears of a fresh lockdown, with worsening forecasts of the economic damage from the pandemic further denting sentiment. On the other hand, Dell Technologies Inc jumped 11% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc . "There is a sudden perception change among investors related to the extent of new round of virus cases," said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.
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(For a live blog on the U.S. stock market, click [LIVE/] or type LIVE/ in a news window) * Carnival's credit rating cut to junk status by S&P * Dell jumps on report of spinning off VMware stake * Indexes off: Dow 2.51%, S&P 2.42%, Nasdaq 2.06% (Updates to early afternoon) By Medha Singh and Devik Jain June 24 (Reuters) - U.S. stocks fell sharply on Wednesday as a surge in coronavirus cases in the United States fanned fears of a fresh lockdown, with worsening forecasts of the economic damage from the pandemic further denting sentiment. On the other hand, Dell Technologies Inc jumped 11% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc . The governors of New York, New Jersey and Connecticut announced that visitors from states with high coronavirus infection rates must self-quarantine for 14 days on arrival.
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(For a live blog on the U.S. stock market, click [LIVE/] or type LIVE/ in a news window) * Carnival's credit rating cut to junk status by S&P * Dell jumps on report of spinning off VMware stake * Indexes off: Dow 2.51%, S&P 2.42%, Nasdaq 2.06% (Updates to early afternoon) By Medha Singh and Devik Jain June 24 (Reuters) - U.S. stocks fell sharply on Wednesday as a surge in coronavirus cases in the United States fanned fears of a fresh lockdown, with worsening forecasts of the economic damage from the pandemic further denting sentiment. On the other hand, Dell Technologies Inc jumped 11% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc . A slate of better-than-feared economic reports, easing lockdowns and massive stimulus measures have powered the Nasdaq to an all-time high and put the benchmark S&P 500 on track for its best quarterly performance since 1975.
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(For a live blog on the U.S. stock market, click [LIVE/] or type LIVE/ in a news window) * Carnival's credit rating cut to junk status by S&P * Dell jumps on report of spinning off VMware stake * Indexes off: Dow 2.51%, S&P 2.42%, Nasdaq 2.06% (Updates to early afternoon) By Medha Singh and Devik Jain June 24 (Reuters) - U.S. stocks fell sharply on Wednesday as a surge in coronavirus cases in the United States fanned fears of a fresh lockdown, with worsening forecasts of the economic damage from the pandemic further denting sentiment. On the other hand, Dell Technologies Inc jumped 11% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc . ET, the Dow Jones Industrial Average was down 656.54 points, or 2.51%, at 25,499.56, the S&P 500 was down 75.81 points, or 2.42%, at 3,055.48.
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fc2ccec7-892b-442a-b5ed-5ef942311cd5
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726148.0
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2020-06-24 00:00:00 UTC
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Wall Street slumps on virus worries, grim economic forecast
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DELL
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https://www.nasdaq.com/articles/wall-street-slumps-on-virus-worries-grim-economic-forecast-2020-06-24
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nan
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nan
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(For a live blog on the U.S. stock market, click [LIVE/] or type LIVE/ in a news window)
* Cyclicals stocks lead losses among S&P sectors
* Carnival's credit rating cut to junk status by S&P
* Dell jumps on report of spinning off VMware stake
* Indexes down: Dow 1.95%, S&P 1.78%, Nasdaq 1.34% (Adds comment, details; updates prices)
By Medha Singh and Devik Jain
June 24 (Reuters) - Wall Street's three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic.
Washington state made face masks mandatory in public places, while many other U.S. states saw record cases, including Arizona and Texas, where restrictions meant to slow the spread of the disease were lifted early.
The top U.S. infectious disease official Anthony Fauci has said the next two weeks could be critical in containing the outbreak.
The International Monetary Fund said the pandemic was causing wider and deeper damage to economic activity than first thought, prompting it to slash its 2020 global output forecasts further to 4.9% from 3.0%.
Advanced economies have been particularly hard hit, with U.S. output now expected to shrink 8.0%, more than 2 percentage points worse than the April forecast.
"People are feeling incrementally negative about new coronavirus cases both in the United States and the world. It's the summer and in fall we have the flu and with the COVID-19 going on it's a significant concern," said Elliot Savage, portfolio manager of the YCG Enhanced Fund.
Wall Street's fear gauge, the CBOE volatility index , rose 3.4 points to 34.74.
A slate of better-than-feared economic reports, easing lockdowns and massive stimulus measures have powered the Nasdaq to an all-time high and put the benchmark S&P 500 on track for its best quarterly performance since 1975.
The S&P 500 and Dow Jones Industrials are just about 8% and 13% from their respective February record closing highs.
At 10:58 a.m. ET, the Dow Jones Industrial Average was down 511.17 points, or 1.95%, at 25,644.93, the S&P 500 was down 55.89 points, or 1.78%, at 3,075.40. The Nasdaq Composite was down 136.26 points, or 1.34%, at 9,995.11.
Battered U.S. airlines, resorts and cruise operators fell again, with the S&P 1500 airlines index down 5.1%. Royal Caribbean Cruises Ltd slided 9.5% and Norwegian Cruise Line Holdings Ltd 10.3%.
Carnival Corp also declined 9.3% as ratings agency Standard & Poor's downgraded its bonds to junk status, forecasting continued weak demand for the cruise industry. Bank stocks , which tend to outperform when the outlook for the economy improves, slipped about 2.9%.
On the other hand, Dell Technologies Inc jumped 7.4% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc . VMware advanced 3.2%.
Declining issues outnumbered advancers for a 7.50-to-1 ratio on the NYSE and for a 4.78-to-1 ratio on the Nasdaq.
The S&P index recorded one new 52-week highs and no new lows, while the Nasdaq recorded 34 new highs and four new lows. (Reporting by Medha Singh and Devik Jain in Bengaluru; Editing by Arun Koyyur) ((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6749 1130; Twitter: https://twitter.com/medhasinghs)) Keywords: USA STOCKS/ (UPDATE 3)
The views and 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 live blog on the U.S. stock market, click [LIVE/] or type LIVE/ in a news window) * Cyclicals stocks lead losses among S&P sectors * Carnival's credit rating cut to junk status by S&P * Dell jumps on report of spinning off VMware stake * Indexes down: Dow 1.95%, S&P 1.78%, Nasdaq 1.34% (Adds comment, details; updates prices) By Medha Singh and Devik Jain June 24 (Reuters) - Wall Street's three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic. On the other hand, Dell Technologies Inc jumped 7.4% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc . A slate of better-than-feared economic reports, easing lockdowns and massive stimulus measures have powered the Nasdaq to an all-time high and put the benchmark S&P 500 on track for its best quarterly performance since 1975.
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(For a live blog on the U.S. stock market, click [LIVE/] or type LIVE/ in a news window) * Cyclicals stocks lead losses among S&P sectors * Carnival's credit rating cut to junk status by S&P * Dell jumps on report of spinning off VMware stake * Indexes down: Dow 1.95%, S&P 1.78%, Nasdaq 1.34% (Adds comment, details; updates prices) By Medha Singh and Devik Jain June 24 (Reuters) - Wall Street's three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic. On the other hand, Dell Technologies Inc jumped 7.4% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc . The S&P index recorded one new 52-week highs and no new lows, while the Nasdaq recorded 34 new highs and four new lows.
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(For a live blog on the U.S. stock market, click [LIVE/] or type LIVE/ in a news window) * Cyclicals stocks lead losses among S&P sectors * Carnival's credit rating cut to junk status by S&P * Dell jumps on report of spinning off VMware stake * Indexes down: Dow 1.95%, S&P 1.78%, Nasdaq 1.34% (Adds comment, details; updates prices) By Medha Singh and Devik Jain June 24 (Reuters) - Wall Street's three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic. On the other hand, Dell Technologies Inc jumped 7.4% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc . Washington state made face masks mandatory in public places, while many other U.S. states saw record cases, including Arizona and Texas, where restrictions meant to slow the spread of the disease were lifted early.
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(For a live blog on the U.S. stock market, click [LIVE/] or type LIVE/ in a news window) * Cyclicals stocks lead losses among S&P sectors * Carnival's credit rating cut to junk status by S&P * Dell jumps on report of spinning off VMware stake * Indexes down: Dow 1.95%, S&P 1.78%, Nasdaq 1.34% (Adds comment, details; updates prices) By Medha Singh and Devik Jain June 24 (Reuters) - Wall Street's three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic. On the other hand, Dell Technologies Inc jumped 7.4% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc . ET, the Dow Jones Industrial Average was down 511.17 points, or 1.95%, at 25,644.93, the S&P 500 was down 55.89 points, or 1.78%, at 3,075.40.
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6c23f2cc-ab5b-43aa-ad46-ec746f588fd1
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726149.0
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2020-06-24 00:00:00 UTC
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Wall Street slides on virus worries, grim economic forecast
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DELL
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https://www.nasdaq.com/articles/wall-street-slides-on-virus-worries-grim-economic-forecast-2020-06-24
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nan
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nan
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By Medha Singh and Devik Jain
June 24 (Reuters) - Wall Street's major indexes fell on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic.
Washington state made face masks mandatory in public places, while many other U.S. states saw record cases, including Arizona and Texas, where restrictions meant to slow the spread of the disease were lifted early.
The top U.S. infectious disease official Anthony Fauci has said the next two weeks could be critical in containing the outbreak.
The International Monetary Fund said the pandemic was causing wider and deeper damage to economic activity than first thought, and it slashed forecast for a contraction in global output to 4.9% from 3.0%.
Advanced economies have been particularly hard hit, with U.S. output now expected to shrink 8.0%, more than 2 percentage points worse than the April forecast.
"The rising number of coronavirus cases we're continuing to see in the United States is a major concern despite the Trump administration's previous refusal to lockdown the economy again," said Craig Erlam, market analyst at OANDA in London.
"There will be significant resistance to restrictions being reimposed, but the fear is that they are left with no other option."
A slate of better-than-feared economic reports, easing lockdowns and massive stimulus measures have powered the Nasdaq to an all-time high and put the benchmark S&P 500 on track for its best quarterly performance since 1975.
The S&P 500 and Dow Jones Industrials .DJI are just about 7% and 11.5% from their respective February record closing highs.
At 10:00 a.m. ET, the Dow Jones Industrial Average .DJI was down 385.20 points, or 1.47%, at 25,770.90, the S&P 500 .SPX was down 41.54 points, or 1.33%, at 3,089.75, and the Nasdaq Composite .IXIC was down 109.97 points, or 1.09%, at 10,021.40.
Battered U.S. airlines, resorts and cruise operators fell again, with the S&P 1500 airlines index down 4.4% and Royal Caribbean Cruises Ltd RCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N off more than 9%.
Carnival Corp CCL.N also declined 9% as ratings agency Standard & Poor's downgraded its bonds to junk status, forecasting continued weak demand for the cruise industry.
Bank stocks .SPXBK, which tend to outperform when the outlook for the economy improves, slipped about 2.9%.
On the other hand, Dell Technologies Inc DELL.N jumped 7.3% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. VMware advanced 4.1%
Declining issues outnumbered advancers more than 6-to-1 on the NYSE and 4-to-1 on the Nasdaq.
The S&P index recorded one new 52-week high and no new low, while the Nasdaq recorded 30 new highs and four new lows.
(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6749 1130; Twitter: https://twitter.com/medhasinghs))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the other hand, Dell Technologies Inc DELL.N jumped 7.3% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. By Medha Singh and Devik Jain June 24 (Reuters) - Wall Street's major indexes fell on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic. "The rising number of coronavirus cases we're continuing to see in the United States is a major concern despite the Trump administration's previous refusal to lockdown the economy again," said Craig Erlam, market analyst at OANDA in London.
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On the other hand, Dell Technologies Inc DELL.N jumped 7.3% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. By Medha Singh and Devik Jain June 24 (Reuters) - Wall Street's major indexes fell on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic. The S&P 500 and Dow Jones Industrials .DJI are just about 7% and 11.5% from their respective February record closing highs.
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On the other hand, Dell Technologies Inc DELL.N jumped 7.3% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. By Medha Singh and Devik Jain June 24 (Reuters) - Wall Street's major indexes fell on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic. Washington state made face masks mandatory in public places, while many other U.S. states saw record cases, including Arizona and Texas, where restrictions meant to slow the spread of the disease were lifted early.
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On the other hand, Dell Technologies Inc DELL.N jumped 7.3% after a report said the company was considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N. By Medha Singh and Devik Jain June 24 (Reuters) - Wall Street's major indexes fell on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic. Advanced economies have been particularly hard hit, with U.S. output now expected to shrink 8.0%, more than 2 percentage points worse than the April forecast.
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9b4d3cb3-998a-4e7b-9229-c44c0309f06b
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726150.0
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2020-06-24 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Tesla, T-Mobile, Biohaven
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DELL
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https://www.nasdaq.com/articles/u.s.-stocks-on-the-move-tesla-t-mobile-biohaven-2020-06-24
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes opened lower on Wednesday, a day after the Nasdaq scaled a fresh peak, as investors assessed the risk to the domestic economy from a surge in coronavirus cases in several U.S. states. .N
At 9:30 a.m. ET, the Dow Jones Industrial Average .DJI was down 0.94% at 25,909.73. The S&P 500 .SPX was down 0.62% at 3,111.73 and the Nasdaq Composite .IXIC was down 0.04% at 10,127.019. The top three S&P 500 .PG.INX percentage gainers: ** Fortinet Inc , up 2.2% ** Ihs Markit Ltd , up 1.7% ** Flir Systems Inc , up 1.4% The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp , down 7.7% ** Norwegian Cruise Line , down 7.4% ** Royal Caribbean Cruises , down 6.8% The top three NYSE .PG.N percentage gainers: ** Leaf Group Ltd , up 12.8% ** Dell Technologies Inc , up 8.5% ** Document Security Systems Inc , up 7.9% The top three NYSE .PL.N percentage losers: ** Yiren Digitl Ltd , down 14.1% ** Westeren Asset Mortgage Capital Corp , down 9.9% ** Nine Energy Service Inc , down 9.4% The top three Nasdaq .PG.O percentage gainers: ** Professional Diversity Network Inc , up 143.4% ** Yunhong Cti Ltd , up 100.2% ** Biocardia Inc , up 23.5% The top three Nasdaq .PL.O percentage losers: ** Fuwei Films Holding , down 19.7% ** Biosig Technologies , down 18% ** Urban One Inc , down 11.1% ** Peloton PTON.O: up 3.8%
BUZZ-KeyBanc sees good run with treadmill sales, sets Street high PT ** Renewable Energy REGI.O: down 9.4%
BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 5.3%
BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Dick's Sporting Goods DKS.N: up 0.3%
BUZZ-Cowen upgrades on higher market share, strong online presence ** Professional Diversity Network IPDN.O: up 143.4%
BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 4.2%
BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 14.0%
BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 16.9%
BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 1.8%
BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 7.7%
BUZZ-Tumbles as S&P cuts credit rating to junk status ** Tetraphase TTPH.O: up 0.5%
BUZZ-Rises as La Jolla emerges as top bidder in three-way struggle ** Logitech LOGN.S: down 0.2%
BUZZ-Wedbush downgrades U.S.-listed shares to 'neutral' on valuation ** Biohaven BHVN.N: down 4.3%
BUZZ-Down after OCD treatment fails to meet study goal ** T-Mobile TMUS.O: down 0.6%
BUZZ-Slips after pricing SoftBank share sale ** Patterson Companies PDCO.O: up 1.3%
BUZZ-Rises as Q4 results top estimate ** Tesla Inc TSLA.O: down 0.3%
BUZZ-Falls as U.S. agency probes touchscreen failures in 63,000 Model S cars ** Amazon.com Inc AMZN.O: up 0.8%
BUZZ-Wedbush sees revenue growth from stay-at-home customers, hikes PT
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.20%
Consumer Discretionary
.SPLRCD
down 0.15%
Consumer Staples
.SPLRCS
down 0.68%
Energy
.SPNY
down 2.17%
Financial
.SPSY
down 1.94%
Health
.SPXHC
down 0.68%
Industrial
.SPLRCI
down 1.32%
Information Technology
.SPLRCT
up 0.03%
Materials
.SPLRCM
down 1.14%
Real Estate
.SPLRCR
down 1.10%
Utilities
.SPLRCU
down 0.67%
(Compiled by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))
The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Fortinet Inc , up 2.2% ** Ihs Markit Ltd , up 1.7% ** Flir Systems Inc , up 1.4% The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp , down 7.7% ** Norwegian Cruise Line , down 7.4% ** Royal Caribbean Cruises , down 6.8% The top three NYSE .PG.N percentage gainers: ** Leaf Group Ltd , up 12.8% ** Dell Technologies Inc , up 8.5% ** Document Security Systems Inc , up 7.9% The top three NYSE .PL.N percentage losers: ** Yiren Digitl Ltd , down 14.1% ** Westeren Asset Mortgage Capital Corp , down 9.9% ** Nine Energy Service Inc , down 9.4% The top three Nasdaq .PG.O percentage gainers: ** Professional Diversity Network Inc , up 143.4% ** Yunhong Cti Ltd , up 100.2% ** Biocardia Inc , up 23.5% The top three Nasdaq .PL.O percentage losers: ** Fuwei Films Holding , down 19.7% ** Biosig Technologies , down 18% ** Urban One Inc , down 11.1% ** Peloton PTON.O: up 3.8% BUZZ-KeyBanc sees good run with treadmill sales, sets Street high PT ** Renewable Energy REGI.O: down 9.4% BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 5.3% BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Dick's Sporting Goods DKS.N: up 0.3% BUZZ-Cowen upgrades on higher market share, strong online presence ** Professional Diversity Network IPDN.O: up 143.4% BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 4.2% BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 14.0% BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 16.9% BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 1.8% BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 7.7% BUZZ-Tumbles as S&P cuts credit rating to junk status ** Tetraphase TTPH.O: up 0.5% BUZZ-Rises as La Jolla emerges as top bidder in three-way struggle ** Logitech LOGN.S: down 0.2% BUZZ-Wedbush downgrades U.S.-listed shares to 'neutral' on valuation ** Biohaven BHVN.N: down 4.3% BUZZ-Down after OCD treatment fails to meet study goal ** T-Mobile TMUS.O: down 0.6% BUZZ-Slips after pricing SoftBank share sale ** Patterson Companies PDCO.O: up 1.3% BUZZ-Rises as Q4 results top estimate ** Tesla Inc TSLA.O: down 0.3% BUZZ-Falls as U.S. agency probes touchscreen failures in 63,000 Model S cars ** Amazon.com Inc AMZN.O: up 0.8% BUZZ-Wedbush sees revenue growth from stay-at-home customers, hikes PT The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes opened lower on Wednesday, a day after the Nasdaq scaled a fresh peak, as investors assessed the risk to the domestic economy from a surge in coronavirus cases in several U.S. states. down 0.67% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Fortinet Inc , up 2.2% ** Ihs Markit Ltd , up 1.7% ** Flir Systems Inc , up 1.4% The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp , down 7.7% ** Norwegian Cruise Line , down 7.4% ** Royal Caribbean Cruises , down 6.8% The top three NYSE .PG.N percentage gainers: ** Leaf Group Ltd , up 12.8% ** Dell Technologies Inc , up 8.5% ** Document Security Systems Inc , up 7.9% The top three NYSE .PL.N percentage losers: ** Yiren Digitl Ltd , down 14.1% ** Westeren Asset Mortgage Capital Corp , down 9.9% ** Nine Energy Service Inc , down 9.4% The top three Nasdaq .PG.O percentage gainers: ** Professional Diversity Network Inc , up 143.4% ** Yunhong Cti Ltd , up 100.2% ** Biocardia Inc , up 23.5% The top three Nasdaq .PL.O percentage losers: ** Fuwei Films Holding , down 19.7% ** Biosig Technologies , down 18% ** Urban One Inc , down 11.1% ** Peloton PTON.O: up 3.8% BUZZ-KeyBanc sees good run with treadmill sales, sets Street high PT ** Renewable Energy REGI.O: down 9.4% BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 5.3% BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Dick's Sporting Goods DKS.N: up 0.3% BUZZ-Cowen upgrades on higher market share, strong online presence ** Professional Diversity Network IPDN.O: up 143.4% BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 4.2% BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 14.0% BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 16.9% BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 1.8% BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 7.7% BUZZ-Tumbles as S&P cuts credit rating to junk status ** Tetraphase TTPH.O: up 0.5% BUZZ-Rises as La Jolla emerges as top bidder in three-way struggle ** Logitech LOGN.S: down 0.2% BUZZ-Wedbush downgrades U.S.-listed shares to 'neutral' on valuation ** Biohaven BHVN.N: down 4.3% BUZZ-Down after OCD treatment fails to meet study goal ** T-Mobile TMUS.O: down 0.6% BUZZ-Slips after pricing SoftBank share sale ** Patterson Companies PDCO.O: up 1.3% BUZZ-Rises as Q4 results top estimate ** Tesla Inc TSLA.O: down 0.3% BUZZ-Falls as U.S. agency probes touchscreen failures in 63,000 Model S cars ** Amazon.com Inc AMZN.O: up 0.8% BUZZ-Wedbush sees revenue growth from stay-at-home customers, hikes PT The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes opened lower on Wednesday, a day after the Nasdaq scaled a fresh peak, as investors assessed the risk to the domestic economy from a surge in coronavirus cases in several U.S. states. down 0.67% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Fortinet Inc , up 2.2% ** Ihs Markit Ltd , up 1.7% ** Flir Systems Inc , up 1.4% The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp , down 7.7% ** Norwegian Cruise Line , down 7.4% ** Royal Caribbean Cruises , down 6.8% The top three NYSE .PG.N percentage gainers: ** Leaf Group Ltd , up 12.8% ** Dell Technologies Inc , up 8.5% ** Document Security Systems Inc , up 7.9% The top three NYSE .PL.N percentage losers: ** Yiren Digitl Ltd , down 14.1% ** Westeren Asset Mortgage Capital Corp , down 9.9% ** Nine Energy Service Inc , down 9.4% The top three Nasdaq .PG.O percentage gainers: ** Professional Diversity Network Inc , up 143.4% ** Yunhong Cti Ltd , up 100.2% ** Biocardia Inc , up 23.5% The top three Nasdaq .PL.O percentage losers: ** Fuwei Films Holding , down 19.7% ** Biosig Technologies , down 18% ** Urban One Inc , down 11.1% ** Peloton PTON.O: up 3.8% BUZZ-KeyBanc sees good run with treadmill sales, sets Street high PT ** Renewable Energy REGI.O: down 9.4% BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 5.3% BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Dick's Sporting Goods DKS.N: up 0.3% BUZZ-Cowen upgrades on higher market share, strong online presence ** Professional Diversity Network IPDN.O: up 143.4% BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 4.2% BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 14.0% BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 16.9% BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 1.8% BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 7.7% BUZZ-Tumbles as S&P cuts credit rating to junk status ** Tetraphase TTPH.O: up 0.5% BUZZ-Rises as La Jolla emerges as top bidder in three-way struggle ** Logitech LOGN.S: down 0.2% BUZZ-Wedbush downgrades U.S.-listed shares to 'neutral' on valuation ** Biohaven BHVN.N: down 4.3% BUZZ-Down after OCD treatment fails to meet study goal ** T-Mobile TMUS.O: down 0.6% BUZZ-Slips after pricing SoftBank share sale ** Patterson Companies PDCO.O: up 1.3% BUZZ-Rises as Q4 results top estimate ** Tesla Inc TSLA.O: down 0.3% BUZZ-Falls as U.S. agency probes touchscreen failures in 63,000 Model S cars ** Amazon.com Inc AMZN.O: up 0.8% BUZZ-Wedbush sees revenue growth from stay-at-home customers, hikes PT The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was down 0.94% at 25,909.73. down 0.20% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** Fortinet Inc , up 2.2% ** Ihs Markit Ltd , up 1.7% ** Flir Systems Inc , up 1.4% The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp , down 7.7% ** Norwegian Cruise Line , down 7.4% ** Royal Caribbean Cruises , down 6.8% The top three NYSE .PG.N percentage gainers: ** Leaf Group Ltd , up 12.8% ** Dell Technologies Inc , up 8.5% ** Document Security Systems Inc , up 7.9% The top three NYSE .PL.N percentage losers: ** Yiren Digitl Ltd , down 14.1% ** Westeren Asset Mortgage Capital Corp , down 9.9% ** Nine Energy Service Inc , down 9.4% The top three Nasdaq .PG.O percentage gainers: ** Professional Diversity Network Inc , up 143.4% ** Yunhong Cti Ltd , up 100.2% ** Biocardia Inc , up 23.5% The top three Nasdaq .PL.O percentage losers: ** Fuwei Films Holding , down 19.7% ** Biosig Technologies , down 18% ** Urban One Inc , down 11.1% ** Peloton PTON.O: up 3.8% BUZZ-KeyBanc sees good run with treadmill sales, sets Street high PT ** Renewable Energy REGI.O: down 9.4% BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 5.3% BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Dick's Sporting Goods DKS.N: up 0.3% BUZZ-Cowen upgrades on higher market share, strong online presence ** Professional Diversity Network IPDN.O: up 143.4% BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 4.2% BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 14.0% BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 16.9% BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 1.8% BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 7.7% BUZZ-Tumbles as S&P cuts credit rating to junk status ** Tetraphase TTPH.O: up 0.5% BUZZ-Rises as La Jolla emerges as top bidder in three-way struggle ** Logitech LOGN.S: down 0.2% BUZZ-Wedbush downgrades U.S.-listed shares to 'neutral' on valuation ** Biohaven BHVN.N: down 4.3% BUZZ-Down after OCD treatment fails to meet study goal ** T-Mobile TMUS.O: down 0.6% BUZZ-Slips after pricing SoftBank share sale ** Patterson Companies PDCO.O: up 1.3% BUZZ-Rises as Q4 results top estimate ** Tesla Inc TSLA.O: down 0.3% BUZZ-Falls as U.S. agency probes touchscreen failures in 63,000 Model S cars ** Amazon.com Inc AMZN.O: up 0.8% BUZZ-Wedbush sees revenue growth from stay-at-home customers, hikes PT The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes opened lower on Wednesday, a day after the Nasdaq scaled a fresh peak, as investors assessed the risk to the domestic economy from a surge in coronavirus cases in several U.S. states. ET, the Dow Jones Industrial Average .DJI was down 0.94% at 25,909.73.
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c50f782d-9aae-4c69-bd04-4d8c0817682c
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726151.0
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2020-06-24 00:00:00 UTC
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Apple, other U.S. goods from China held up at Indian ports - sources
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DELL
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https://www.nasdaq.com/articles/apple-other-u.s.-goods-from-china-held-up-at-indian-ports-sources-2020-06-24
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nan
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nan
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By Aditya Kalra and Aditi Shah
NEW DELHI, June 24 (Reuters) - Apple, Cisco and Dell products are among the goods from U.S. companies being caught up in India's border tensions with China, as Indian ports hold up imports from China, two sources told Reuters on Wednesday.
Though no government notice has been issued, customs officers at major Indian port have held back containers coming from China, seeking additional clearances, government and industry sources have said.
The move comes amid heightened tensions between India and China after border clashes last week that saw at least 20 Indian soldiers killed.
The U.S.-India Strategic Partnership Forum (USISPF), a lobby group representing U.S. firms, told India's commerce ministry in a letter dated June 23 that lack of clarity and delays could disrupt business and manufacturing operations.
"Authorities have abruptly halted the clearance of industry consignments coming in from China (and perhaps other destinations) at most major ports and airports," USISPF said in the letter, seen by Reuters.
"This will send a chilling signal to foreign investors who look for predictability and transparency," it said.
The commerce ministry did not respond to a request for comment.
Two industry sources said Apple AAPL.O, Cisco CSCO.O, Dell DELL.N and Ford Motor Co F.N products were among those held up. Electronics components of Taiwan's Foxconn 2354.TW, a contract manufacturer for Apple in India, were also affected, a third source said.
It was not immediately clear which ports were holding back the goods.
Apple, Cisco and Foxconn did not respond to requests for comment. A Dell spokeswoman declined to comment, while Ford said a consignment of auto parts was held up at a port in the southern city of Chennai and the company was providing information sought by the authorities.
The delays come as India is restarting factory operations after a nationwide lockdown to tackle the COVID-19 pandemic.
Indian electronics and mobile industry group ICEA said its members had been told Chennai, Mumbai and Delhi Airports would have a new examination procedure for all consignments coming from China.
Normally, goods for regular importers are cleared automatically, ICEA said in a letter to the finance ministry, urging it to intervene.
India's finance ministry, which oversees the customs department, did not respond to a request for comment.
(Additional reporting by Sankalp Phartiyal and Neha Arora; Editing by Euan Rocha and Mark Potter)
((aditi.shah@tr.com; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: aditi.shah.thomsonreuters.com@reuters.net; twitter: @aditishahsays))
The views and 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 Dell spokeswoman declined to comment, while Ford said a consignment of auto parts was held up at a port in the southern city of Chennai and the company was providing information sought by the authorities. By Aditya Kalra and Aditi Shah NEW DELHI, June 24 (Reuters) - Apple, Cisco and Dell products are among the goods from U.S. companies being caught up in India's border tensions with China, as Indian ports hold up imports from China, two sources told Reuters on Wednesday. Two industry sources said Apple AAPL.O, Cisco CSCO.O, Dell DELL.N and Ford Motor Co F.N products were among those held up.
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By Aditya Kalra and Aditi Shah NEW DELHI, June 24 (Reuters) - Apple, Cisco and Dell products are among the goods from U.S. companies being caught up in India's border tensions with China, as Indian ports hold up imports from China, two sources told Reuters on Wednesday. Two industry sources said Apple AAPL.O, Cisco CSCO.O, Dell DELL.N and Ford Motor Co F.N products were among those held up. A Dell spokeswoman declined to comment, while Ford said a consignment of auto parts was held up at a port in the southern city of Chennai and the company was providing information sought by the authorities.
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By Aditya Kalra and Aditi Shah NEW DELHI, June 24 (Reuters) - Apple, Cisco and Dell products are among the goods from U.S. companies being caught up in India's border tensions with China, as Indian ports hold up imports from China, two sources told Reuters on Wednesday. Two industry sources said Apple AAPL.O, Cisco CSCO.O, Dell DELL.N and Ford Motor Co F.N products were among those held up. A Dell spokeswoman declined to comment, while Ford said a consignment of auto parts was held up at a port in the southern city of Chennai and the company was providing information sought by the authorities.
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By Aditya Kalra and Aditi Shah NEW DELHI, June 24 (Reuters) - Apple, Cisco and Dell products are among the goods from U.S. companies being caught up in India's border tensions with China, as Indian ports hold up imports from China, two sources told Reuters on Wednesday. Two industry sources said Apple AAPL.O, Cisco CSCO.O, Dell DELL.N and Ford Motor Co F.N products were among those held up. A Dell spokeswoman declined to comment, while Ford said a consignment of auto parts was held up at a port in the southern city of Chennai and the company was providing information sought by the authorities.
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5b9a9978-21b0-4c07-9a81-3ea41b269351
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726152.0
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2020-06-24 00:00:00 UTC
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Technology Sector Update for 06/24/2020: DELL, MAXR, GDDY, XLK, SOXX
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-06-24-2020%3A-dell-maxr-gddy-xlk-soxx-2020-06-24
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nan
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nan
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Technology firms retreated before markets open on Wednesday. The Technology Select Sector SPDR ETF (XLK) slipped 0.4%, while the Semiconductor Sector Index Fund (SOXX) was down 0.5%.
Stocks moving on the news include Dell Technologies (DELL), which rose more than 11%. The company is considering various options, including the spinoff of its 81% stake in VMware Inc. (VMW), which is valued at about $50 billion, The Wall Street Journal reported, citing people familiar with the matter.
Maxar Technologies (MAXR) was also up more than 4%. The company said Tuesday it plans to acquire 3D data and analytics firm Vricon, Inc. for approximately $140 million, or $115 million net of cash at closing.
In other news, GoDaddy (GDDY) said that it expects Q2 revenue to exceed earlier guidance of $790 million by 1%. Analysts polled by Capital IQ had projected $790.9 million. Shares of the company were flat before markets open.
The views and 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 moving on the news include Dell Technologies (DELL), which rose more than 11%. The company is considering various options, including the spinoff of its 81% stake in VMware Inc. (VMW), which is valued at about $50 billion, The Wall Street Journal reported, citing people familiar with the matter. In other news, GoDaddy (GDDY) said that it expects Q2 revenue to exceed earlier guidance of $790 million by 1%.
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Stocks moving on the news include Dell Technologies (DELL), which rose more than 11%. Technology firms retreated before markets open on Wednesday. Shares of the company were flat before markets open.
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Stocks moving on the news include Dell Technologies (DELL), which rose more than 11%. The Technology Select Sector SPDR ETF (XLK) slipped 0.4%, while the Semiconductor Sector Index Fund (SOXX) was down 0.5%. The company said Tuesday it plans to acquire 3D data and analytics firm Vricon, Inc. for approximately $140 million, or $115 million net of cash at closing.
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Stocks moving on the news include Dell Technologies (DELL), which rose more than 11%. Technology firms retreated before markets open on Wednesday. The Technology Select Sector SPDR ETF (XLK) slipped 0.4%, while the Semiconductor Sector Index Fund (SOXX) was down 0.5%.
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c64e2ab9-ae0a-47d4-866c-975613198614
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726153.0
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2020-06-24 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Yiren Digital, Renewable Energy, Carnival Corp
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DELL
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https://www.nasdaq.com/articles/u.s.-stocks-on-the-move-yiren-digital-renewable-energy-carnival-corp-2020-06-24
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes were set to open lower on Wednesday, a day after Nasdaq hit another closing high, as investors assessed the risk to the domestic economy from a rise in coronavirus cases in several U.S. states. .N
At 08:30 ET, Dow e-minis 1YMc1 were down 0.79% at 25,815. S&P 500 e-minis ESc1 were down 0.67% at 3,097.5, while Nasdaq 100 e-minis NQc1 were down 0.31% at 10,164.75. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Dell Technologies Inc , up 14.8% ** Civeo Corp , up 14.3% ** Gfl Environmental Inc , up 11.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** Rexford Industrial Realty , down 33.4% ** Green Dot Corp , down 26.6% ** Yiren Digitl Ltd , down 13.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Professional Diversity Network, Inc. , up 190.1% ** Yunhong Cti Ltd , up 108.9% ** Daseke Inc , up 92.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Castor Maritime Inc , down 43.7% ** Strata Skin Sciences Inc , down 31.8% ** Prophase Labs Inc , down 28.7% ** Peloton PTON.O: up 3.9% premarket BUZZ-KeyBanc sees good run with treadmill sales, sets Street high PT ** Renewable Energy REGI.O: down 9.9% premarket BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 2.9% premarket BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Dick's Sporting Goods DKS.N: up 1.2% premarket BUZZ-Cowen upgrades on higher market share, strong online presence ** Professional Diversity Network IPDN.O: up 190.1% premarket BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 5.9% premarket BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 13.9% premarket BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 22.7% premarket BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 1.1% premarket BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 5.1% premarket BUZZ-Tumbles as S&P cuts credit rating to junk status ** Tetraphase TTPH.O: up 2.9% premarket BUZZ-Rises as La Jolla emerges as top bidder in three-way struggle
(Compiled by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780;))
The views and 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 top three NYSE percentage gainers premarket .PRPG.NQ: ** Dell Technologies Inc , up 14.8% ** Civeo Corp , up 14.3% ** Gfl Environmental Inc , up 11.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** Rexford Industrial Realty , down 33.4% ** Green Dot Corp , down 26.6% ** Yiren Digitl Ltd , down 13.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Professional Diversity Network, Inc. , up 190.1% ** Yunhong Cti Ltd , up 108.9% ** Daseke Inc , up 92.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Castor Maritime Inc , down 43.7% ** Strata Skin Sciences Inc , down 31.8% ** Prophase Labs Inc , down 28.7% ** Peloton PTON.O: up 3.9% premarket BUZZ-KeyBanc sees good run with treadmill sales, sets Street high PT ** Renewable Energy REGI.O: down 9.9% premarket BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 2.9% premarket BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Dick's Sporting Goods DKS.N: up 1.2% premarket BUZZ-Cowen upgrades on higher market share, strong online presence ** Professional Diversity Network IPDN.O: up 190.1% premarket BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 5.9% premarket BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 13.9% premarket BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 22.7% premarket BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 1.1% premarket BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 5.1% premarket BUZZ-Tumbles as S&P cuts credit rating to junk status ** Tetraphase TTPH.O: up 2.9% premarket BUZZ-Rises as La Jolla emerges as top bidder in three-way struggle (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open lower on Wednesday, a day after Nasdaq hit another closing high, as investors assessed the risk to the domestic economy from a rise in coronavirus cases in several U.S. states. .N At 08:30 ET, Dow e-minis 1YMc1 were down 0.79% at 25,815.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Dell Technologies Inc , up 14.8% ** Civeo Corp , up 14.3% ** Gfl Environmental Inc , up 11.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** Rexford Industrial Realty , down 33.4% ** Green Dot Corp , down 26.6% ** Yiren Digitl Ltd , down 13.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Professional Diversity Network, Inc. , up 190.1% ** Yunhong Cti Ltd , up 108.9% ** Daseke Inc , up 92.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Castor Maritime Inc , down 43.7% ** Strata Skin Sciences Inc , down 31.8% ** Prophase Labs Inc , down 28.7% ** Peloton PTON.O: up 3.9% premarket BUZZ-KeyBanc sees good run with treadmill sales, sets Street high PT ** Renewable Energy REGI.O: down 9.9% premarket BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 2.9% premarket BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Dick's Sporting Goods DKS.N: up 1.2% premarket BUZZ-Cowen upgrades on higher market share, strong online presence ** Professional Diversity Network IPDN.O: up 190.1% premarket BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 5.9% premarket BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 13.9% premarket BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 22.7% premarket BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 1.1% premarket BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 5.1% premarket BUZZ-Tumbles as S&P cuts credit rating to junk status ** Tetraphase TTPH.O: up 2.9% premarket BUZZ-Rises as La Jolla emerges as top bidder in three-way struggle (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open lower on Wednesday, a day after Nasdaq hit another closing high, as investors assessed the risk to the domestic economy from a rise in coronavirus cases in several U.S. states. S&P 500 e-minis ESc1 were down 0.67% at 3,097.5, while Nasdaq 100 e-minis NQc1 were down 0.31% at 10,164.75.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Dell Technologies Inc , up 14.8% ** Civeo Corp , up 14.3% ** Gfl Environmental Inc , up 11.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** Rexford Industrial Realty , down 33.4% ** Green Dot Corp , down 26.6% ** Yiren Digitl Ltd , down 13.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Professional Diversity Network, Inc. , up 190.1% ** Yunhong Cti Ltd , up 108.9% ** Daseke Inc , up 92.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Castor Maritime Inc , down 43.7% ** Strata Skin Sciences Inc , down 31.8% ** Prophase Labs Inc , down 28.7% ** Peloton PTON.O: up 3.9% premarket BUZZ-KeyBanc sees good run with treadmill sales, sets Street high PT ** Renewable Energy REGI.O: down 9.9% premarket BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 2.9% premarket BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Dick's Sporting Goods DKS.N: up 1.2% premarket BUZZ-Cowen upgrades on higher market share, strong online presence ** Professional Diversity Network IPDN.O: up 190.1% premarket BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 5.9% premarket BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 13.9% premarket BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 22.7% premarket BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 1.1% premarket BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 5.1% premarket BUZZ-Tumbles as S&P cuts credit rating to junk status ** Tetraphase TTPH.O: up 2.9% premarket BUZZ-Rises as La Jolla emerges as top bidder in three-way struggle (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open lower on Wednesday, a day after Nasdaq hit another closing high, as investors assessed the risk to the domestic economy from a rise in coronavirus cases in several U.S. states. S&P 500 e-minis ESc1 were down 0.67% at 3,097.5, while Nasdaq 100 e-minis NQc1 were down 0.31% at 10,164.75.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Dell Technologies Inc , up 14.8% ** Civeo Corp , up 14.3% ** Gfl Environmental Inc , up 11.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** Rexford Industrial Realty , down 33.4% ** Green Dot Corp , down 26.6% ** Yiren Digitl Ltd , down 13.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Professional Diversity Network, Inc. , up 190.1% ** Yunhong Cti Ltd , up 108.9% ** Daseke Inc , up 92.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Castor Maritime Inc , down 43.7% ** Strata Skin Sciences Inc , down 31.8% ** Prophase Labs Inc , down 28.7% ** Peloton PTON.O: up 3.9% premarket BUZZ-KeyBanc sees good run with treadmill sales, sets Street high PT ** Renewable Energy REGI.O: down 9.9% premarket BUZZ-Falls on dismal Q2 forecast ** Xp Inc XP.O: down 2.9% premarket BUZZ-Brazil's XP falls as Credit Suisse cuts to underperform ** Dick's Sporting Goods DKS.N: up 1.2% premarket BUZZ-Cowen upgrades on higher market share, strong online presence ** Professional Diversity Network IPDN.O: up 190.1% premarket BUZZ-Doubles as trading resumes after 6 months ** Editas Medicine EDIT.O: down 5.9% premarket BUZZ-Falls after pricing upsized stock offering ** Yiren Digital YRD.N: down 13.9% premarket BUZZ-Drops on dismal Q1 results ** iBio Inc IBIO.A: up 22.7% premarket BUZZ-Jumps as IBM offers help for COVID-19 vaccine program ** Chevron Corp CVX.N: down 1.1% premarket BUZZ-Oil & gas cos: Down on rising stocks, worries of fresh virus wave ** Carnival Corp CCL.N: down 5.1% premarket BUZZ-Tumbles as S&P cuts credit rating to junk status ** Tetraphase TTPH.O: up 2.9% premarket BUZZ-Rises as La Jolla emerges as top bidder in three-way struggle (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open lower on Wednesday, a day after Nasdaq hit another closing high, as investors assessed the risk to the domestic economy from a rise in coronavirus cases in several U.S. states. .N At 08:30 ET, Dow e-minis 1YMc1 were down 0.79% at 25,815.
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f8a470ff-8d11-4936-b3c0-29741b2b6c62
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726154.0
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2020-06-23 00:00:00 UTC
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Dell Considers Options For Its $50 Bln Stake In VMware
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DELL
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https://www.nasdaq.com/articles/dell-considers-options-for-its-%2450-bln-stake-in-vmware-2020-06-23
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nan
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nan
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(RTTNews) - Dell Technologies Inc. is considering options including a spinoff for its about $50 billion stake in VMware Inc. as the PC maker seeks to boost the value of its shares, according to Wall Street Journal, citing people familiar with the matter.
Dell recently started a process to explore the possibility of unloading the stake in the cloud-software giant or taking other steps that could include buying the rest of VMware. The companies are working with advisers, the Journal reported.
However, the Journal said that the review is at an early stage and that no decision is imminent.
DELL closed Tuesday regular trading at $49.01, up $0.72 or 1.49 percent. In the after-hours, the stock further gained $8.92 or 18.18 percent.
VMW closed regular trading at $149.23, up $1.23 or 0.83 percent. In the after-hours, the stock further gained $12.90 or 8.64 percent.
The views and 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) - Dell Technologies Inc. is considering options including a spinoff for its about $50 billion stake in VMware Inc. as the PC maker seeks to boost the value of its shares, according to Wall Street Journal, citing people familiar with the matter. Dell recently started a process to explore the possibility of unloading the stake in the cloud-software giant or taking other steps that could include buying the rest of VMware. DELL closed Tuesday regular trading at $49.01, up $0.72 or 1.49 percent.
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DELL closed Tuesday regular trading at $49.01, up $0.72 or 1.49 percent. (RTTNews) - Dell Technologies Inc. is considering options including a spinoff for its about $50 billion stake in VMware Inc. as the PC maker seeks to boost the value of its shares, according to Wall Street Journal, citing people familiar with the matter. Dell recently started a process to explore the possibility of unloading the stake in the cloud-software giant or taking other steps that could include buying the rest of VMware.
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(RTTNews) - Dell Technologies Inc. is considering options including a spinoff for its about $50 billion stake in VMware Inc. as the PC maker seeks to boost the value of its shares, according to Wall Street Journal, citing people familiar with the matter. Dell recently started a process to explore the possibility of unloading the stake in the cloud-software giant or taking other steps that could include buying the rest of VMware. DELL closed Tuesday regular trading at $49.01, up $0.72 or 1.49 percent.
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(RTTNews) - Dell Technologies Inc. is considering options including a spinoff for its about $50 billion stake in VMware Inc. as the PC maker seeks to boost the value of its shares, according to Wall Street Journal, citing people familiar with the matter. Dell recently started a process to explore the possibility of unloading the stake in the cloud-software giant or taking other steps that could include buying the rest of VMware. DELL closed Tuesday regular trading at $49.01, up $0.72 or 1.49 percent.
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09c8f2a2-caac-4762-802a-54a0e0320dbd
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726155.0
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2020-06-23 00:00:00 UTC
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Dell considering spinning off VMware stake - WSJ
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DELL
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https://www.nasdaq.com/articles/dell-considering-spinning-off-vmware-stake-wsj-2020-06-23
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nan
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nan
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June 23 (Reuters) - Dell Technologies Inc DELL.N is considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N, the Wall Street Journal reported on Tuesday.
Dell is also exploring taking other steps that could include buying the rest of VMWare, the Journal reported, citing people familiar with the matter.
Dell, which is the controlling stakeholder of VMware, did not immediately respond to a Reuters request for comment.
(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)
((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223 8780; Twitter: @sampath_uday; Reuters Messaging: UdaySampath.Kumar.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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June 23 (Reuters) - Dell Technologies Inc DELL.N is considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N, the Wall Street Journal reported on Tuesday. Dell is also exploring taking other steps that could include buying the rest of VMWare, the Journal reported, citing people familiar with the matter. Dell, which is the controlling stakeholder of VMware, did not immediately respond to a Reuters request for comment.
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June 23 (Reuters) - Dell Technologies Inc DELL.N is considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N, the Wall Street Journal reported on Tuesday. Dell is also exploring taking other steps that could include buying the rest of VMWare, the Journal reported, citing people familiar with the matter. Dell, which is the controlling stakeholder of VMware, did not immediately respond to a Reuters request for comment.
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June 23 (Reuters) - Dell Technologies Inc DELL.N is considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N, the Wall Street Journal reported on Tuesday. Dell is also exploring taking other steps that could include buying the rest of VMWare, the Journal reported, citing people familiar with the matter. Dell, which is the controlling stakeholder of VMware, did not immediately respond to a Reuters request for comment.
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June 23 (Reuters) - Dell Technologies Inc DELL.N is considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc VMW.N, the Wall Street Journal reported on Tuesday. Dell is also exploring taking other steps that could include buying the rest of VMWare, the Journal reported, citing people familiar with the matter. Dell, which is the controlling stakeholder of VMware, did not immediately respond to a Reuters request for comment.
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09dcdb23-36a0-49c3-aca6-e8bf09ac8ee4
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726156.0
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2020-06-23 00:00:00 UTC
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Dell Technologies To Present At Morgan Stanley Conference Call; Webcast At 10:00 AM ET
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DELL
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https://www.nasdaq.com/articles/dell-technologies-to-present-at-morgan-stanley-conference-call-webcast-at-10%3A00-am-et-2020
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nan
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nan
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(RTTNews) - Dell Technologies Inc. (DELL) will present at the Morgan Stanley on June 23, 2020, at 10:00 AM ET, to discuss the company''s recent performance, innovation and strategy.
To access the live webcast, log on at investors.delltechnologies.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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(RTTNews) - Dell Technologies Inc. (DELL) will present at the Morgan Stanley on June 23, 2020, at 10:00 AM ET, to discuss the company''s recent performance, innovation and strategy. To access the live webcast, log on at investors.delltechnologies.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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(RTTNews) - Dell Technologies Inc. (DELL) will present at the Morgan Stanley on June 23, 2020, at 10:00 AM ET, to discuss the company''s recent performance, innovation and strategy. To access the live webcast, log on at investors.delltechnologies.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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(RTTNews) - Dell Technologies Inc. (DELL) will present at the Morgan Stanley on June 23, 2020, at 10:00 AM ET, to discuss the company''s recent performance, innovation and strategy. To access the live webcast, log on at investors.delltechnologies.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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(RTTNews) - Dell Technologies Inc. (DELL) will present at the Morgan Stanley on June 23, 2020, at 10:00 AM ET, to discuss the company''s recent performance, innovation and strategy. To access the live webcast, log on at investors.delltechnologies.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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590412e6-a396-4f08-bba5-117e5b2dc8b0
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726157.0
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2020-06-14 00:00:00 UTC
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Where to Invest $5,000 Right Now
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DELL
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https://www.nasdaq.com/articles/where-to-invest-%245000-right-now-2020-06-14
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nan
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nan
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The stock market has been in manic-depressive mode as of late, surging early in June on the euphoria of the country's economic reopening, as well as a surprise jobs gain in the June 5 labor report. However, the market gave almost all of those gains back late last week, after some gloomy commentary from Federal Reserve officials, who now plan to keep interest rates at zero until at least 2022.
What does all of the volatility mean? That you can pick up shares of great companies to buy and hold for the long term. And while stocks relating to the reopening economy have shown a big rally lately, I think it may be time to refocus on stronger technology-related companies that help power the new, more digitized economy. And with lower interest rates here until at least 2022, these companies, which can grow even in a depressed economy, should fetch a premium down the road.
In that light, here are three rock-solid companies that play into these long-term trends. Got an extra $5,000? Then you should think about scooping up shares of these three top companies today.
Image source: Getty Images.
CrowdStrike
With businesses reeling from COVID-19 and many companies allowing work-from-home for the foreseeable future, securing enterprise communications among a distributed workforce is more important than ever. Thus, cybersecurity solutions are at a premium as never before.
Not only is the cybersecurity sector poised for long-term growth, but CrowdStrike (NASDAQ: CRWD) also appears to have a novel solution poised to take market share within the industry. CrowdStrike combines its software-based Falcon agents, which can be deployed to any "end point" in an enterprise's IT stack over the cloud, with a centralized artificial intelligence-based Threat Graph that uses all agent data to continuously improve algorithms for the entire customer base. Thus, the more customers CrowdStrike gets, the better its threat detection algorithms, which helps attract more customers, and on and on.
As proof of CrowdStrike's effectiveness, look no further than its blockbuster recent results, reported on June 2. Total revenue was up a whopping 85%, with core subscription revenue up 89%. Annual recurring revenue was up 88%, and the company's subscription customer count more than doubled, up 105%.
Also unusual for a cloud-based software-as-a-service company, CrowdStrike is generating some serious cash flow, although GAAP net profits are still negative. Operating loss improved from $25.8 million in the year-ago quarter to $22.6 million in the first quarter, but operating cash flow surged to $98.6 million from just $1.6 million a year ago, and free cash flow increased to $87 million, up from a free cash flow loss of $16.1 million a year ago.
Even if COVID-19 cases surge in a second wave and the economy stagnates, enterprises are still going to need cutting-edge solutions to secure their infrastructure and avoid the costly breaches we've seen over the past few years. In addition, CrowdStrike's growth and margin expansion are some of the best you'll find in the entire market, making the stock a buy even after a strong recent run.
ASML Holdings
Another company poised to grow no matter what the economy is doing is European semiconductor equipment manufacturer ASML Holdings (NASDAQ: ASML). Unlike many other companies in the semiconductor and memory space, ASML has seen its stock rocket higher, to even exceed where it was to start the year.
That's because ASML has a differentiated offering, having cracked the code on Extreme Ultraviolet Lithography technology. EUV is a mission-critical technology needed to produce more advanced semiconductor chips and DRAM memory at scale over the next decade, and ASML has a monopoly on it.
While the chip sector, and therefore semicap equipment companies, have traditionally been cyclical, and thus wouldn't be a great place to invest in a recession, things may be different this time around. Leading-edge semiconductors are crucial to making the digital economy run, powering cloud computing, artificial intelligence, 5G communications, and the Internet of Things. While ASML's first quarter revenue was affected by COVID-19, that was entirely due to supply issues, not demand. Management noted on the earnings release, "The demand outlook is currently unchanged and we have not encountered any push-outs or cancellations this year."
Furthermore, leading-edge semiconductors are now seen as a strategically important to both companies and countries alike. In fact, the U.S. Congress just announced a bipartisan bill to subsidize the semiconductor industry to the tune of $22.8 billion, as it aims to build semiconductor manufacturing capacity within the United States.
The building of additional, and perhaps redundant, semiconductor manufacturing plants in the U.S. would only mean additional demand for companies like ASML, and maybe especially ASML, since EUV is so crucial to the production of leading-edge semiconductors. So despite its strong run, ASML still looks like a strong pick to play these future technologies today.
Super Micro Computer
If we're all stuck at home, streaming shows on our phones, ordering items on e-commerce websites, and accessing our work on cloud data centers, what do all of those things need? Servers, and lots of them. Super Micro Computer (NASDAQ: SMCI) makes servers for enterprise, cloud, and consumer customers all across the world. In contrast to the more standardized server offerings from Dell Technologies (NYSE: DELL) or HP Enterprise (NYSE: HPE), Super Micro makes more customized server solutions for specific end-use cases.
As servers become more important for different types of workloads, among artificial intelligence applications, 5G base stations, on-premises or cloud data centers and more, Super Micro could benefit. Also important, Super Micro actually does a fair amount of manufacturing in the U.S., which is somewhat rare, along with significant operations in Taiwan. Finally, as ESG concerns take hold of the corporate world, Super Micro's emphasis on environmentally friendly "green" computing should also resonate with customers going forward as well.
Of these three stocks, Super micro is the value stock of the bunch. Currently, it only trades at 16.5 times earnings, but that's even overrating the company's multiple. Super Micro has $301 million in cash versus just $33 million in debt, yielding $268 million in net cash, or 18.4% of Super Micro's market cap. In addition, Super Micro is still undertaking some extra costs related to remediating an accounting snafu from a few years ago, which has since been remedied. Should those costs fall off going forward and the company begins returning that excess cash to shareholders, and Super Micro is actually trading at something more like a low-teens multiple.
Play the digital future
With COVID-19 still out there accelerating all of these digital trends, investors should look to buy stocks of companies that play to the digital future on these big market pullbacks. As such, CrowdStrike, ASML, and Super Micro Computer all look like solid additions to your portfolio today.
10 stocks we like better than ASML Holding
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Billy Duberstein owns shares of ASML Holding, CrowdStrike Holdings, Inc., and Super Micro Computer. His clients may own shares of the companies mentioned. The Motley Fool owns shares of and recommends CrowdStrike Holdings, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In contrast to the more standardized server offerings from Dell Technologies (NYSE: DELL) or HP Enterprise (NYSE: HPE), Super Micro makes more customized server solutions for specific end-use cases. Even if COVID-19 cases surge in a second wave and the economy stagnates, enterprises are still going to need cutting-edge solutions to secure their infrastructure and avoid the costly breaches we've seen over the past few years. Super Micro Computer If we're all stuck at home, streaming shows on our phones, ordering items on e-commerce websites, and accessing our work on cloud data centers, what do all of those things need?
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In contrast to the more standardized server offerings from Dell Technologies (NYSE: DELL) or HP Enterprise (NYSE: HPE), Super Micro makes more customized server solutions for specific end-use cases. Operating loss improved from $25.8 million in the year-ago quarter to $22.6 million in the first quarter, but operating cash flow surged to $98.6 million from just $1.6 million a year ago, and free cash flow increased to $87 million, up from a free cash flow loss of $16.1 million a year ago. Leading-edge semiconductors are crucial to making the digital economy run, powering cloud computing, artificial intelligence, 5G communications, and the Internet of Things.
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In contrast to the more standardized server offerings from Dell Technologies (NYSE: DELL) or HP Enterprise (NYSE: HPE), Super Micro makes more customized server solutions for specific end-use cases. Operating loss improved from $25.8 million in the year-ago quarter to $22.6 million in the first quarter, but operating cash flow surged to $98.6 million from just $1.6 million a year ago, and free cash flow increased to $87 million, up from a free cash flow loss of $16.1 million a year ago. ASML Holdings Another company poised to grow no matter what the economy is doing is European semiconductor equipment manufacturer ASML Holdings (NASDAQ: ASML).
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In contrast to the more standardized server offerings from Dell Technologies (NYSE: DELL) or HP Enterprise (NYSE: HPE), Super Micro makes more customized server solutions for specific end-use cases. The building of additional, and perhaps redundant, semiconductor manufacturing plants in the U.S. would only mean additional demand for companies like ASML, and maybe especially ASML, since EUV is so crucial to the production of leading-edge semiconductors. Super Micro Computer (NASDAQ: SMCI) makes servers for enterprise, cloud, and consumer customers all across the world.
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4ce750c6-f374-400d-916f-09666442fbfe
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726158.0
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2020-06-05 00:00:00 UTC
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Reliance says Silver Lake, co-investors to invest extra $601 mln in digital unit
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DELL
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https://www.nasdaq.com/articles/reliance-says-silver-lake-co-investors-to-invest-extra-%24601-mln-in-digital-unit-2020-06-05
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nan
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nan
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By Sankalp Phartiyal
NEW DELHI, June 5 (Reuters) - India's Reliance Industries RELI.NS late on Friday said U.S. private equity fund Silver Lake and its co-investors will invest an additional 45.46 billion rupees ($601.40 million) in the company's digital unit Jio Platforms.
The investment comes on top of the 56.56 billion rupees Silver Lake committed to Jio Platforms earlier this month.
Silver Lake's new investment gives Jio Platforms -- which houses Reliance's telecoms arm Jio Infocomm and its music and video streaming apps -- an enterprise value of 5.16 trillion rupees, Reliance said in a regulatory filing, and takes Silver Lake's stake to 2.08% from just over 1%.
Reliance has now sold nearly 20% of Jio Platforms to investors, including Facebook Inc FB.O, securing around $12 billion in less than six weeks.
The deal adds to a recent flurry of fund-raising activity by the oil-to-telecoms giant, controlled by India's richest man Mukesh Ambani, including a $7 billion share sale, with plans to eliminate $21.4 billion of net debt by the end of the year.
"The investment momentum behind Jio validates a compelling business model and underscores our admiration for Mukesh Ambani...," Egon Durban, Silver Lake's Co-CEO said in the statement.
Silver Lake has about $40 billion in assets under management, including investments in Twitter Inc TWTR.N, Dell Technologies Inc DELL.N and movie theatre chain AMC Entertainment Holdings Inc AMC.N.
Reliance plans to wrap up the bulk of its private fundraising by the third quarter before exploring a 2021 public listing in the United States, where it is eyeing a valuation of $90 billion to $95 billion for Jio Platforms, Reuters reported previously.
($1 = 75.5900 Indian rupees)
(Reporting by Sankalp Phartiyal; Editing by Kirsten Donovan)
((sankalp.phartiyal@thomsonreuters.com; +91-11-49548064;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Silver Lake has about $40 billion in assets under management, including investments in Twitter Inc TWTR.N, Dell Technologies Inc DELL.N and movie theatre chain AMC Entertainment Holdings Inc AMC.N. By Sankalp Phartiyal NEW DELHI, June 5 (Reuters) - India's Reliance Industries RELI.NS late on Friday said U.S. private equity fund Silver Lake and its co-investors will invest an additional 45.46 billion rupees ($601.40 million) in the company's digital unit Jio Platforms. "The investment momentum behind Jio validates a compelling business model and underscores our admiration for Mukesh Ambani...," Egon Durban, Silver Lake's Co-CEO said in the statement.
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Silver Lake has about $40 billion in assets under management, including investments in Twitter Inc TWTR.N, Dell Technologies Inc DELL.N and movie theatre chain AMC Entertainment Holdings Inc AMC.N. The investment comes on top of the 56.56 billion rupees Silver Lake committed to Jio Platforms earlier this month. Silver Lake's new investment gives Jio Platforms -- which houses Reliance's telecoms arm Jio Infocomm and its music and video streaming apps -- an enterprise value of 5.16 trillion rupees, Reliance said in a regulatory filing, and takes Silver Lake's stake to 2.08% from just over 1%.
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Silver Lake has about $40 billion in assets under management, including investments in Twitter Inc TWTR.N, Dell Technologies Inc DELL.N and movie theatre chain AMC Entertainment Holdings Inc AMC.N. By Sankalp Phartiyal NEW DELHI, June 5 (Reuters) - India's Reliance Industries RELI.NS late on Friday said U.S. private equity fund Silver Lake and its co-investors will invest an additional 45.46 billion rupees ($601.40 million) in the company's digital unit Jio Platforms. Silver Lake's new investment gives Jio Platforms -- which houses Reliance's telecoms arm Jio Infocomm and its music and video streaming apps -- an enterprise value of 5.16 trillion rupees, Reliance said in a regulatory filing, and takes Silver Lake's stake to 2.08% from just over 1%.
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Silver Lake has about $40 billion in assets under management, including investments in Twitter Inc TWTR.N, Dell Technologies Inc DELL.N and movie theatre chain AMC Entertainment Holdings Inc AMC.N. By Sankalp Phartiyal NEW DELHI, June 5 (Reuters) - India's Reliance Industries RELI.NS late on Friday said U.S. private equity fund Silver Lake and its co-investors will invest an additional 45.46 billion rupees ($601.40 million) in the company's digital unit Jio Platforms. The investment comes on top of the 56.56 billion rupees Silver Lake committed to Jio Platforms earlier this month.
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90272ef2-f719-42e9-b4da-6c01b46caa68
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726159.0
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2020-06-05 00:00:00 UTC
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Nokia Is a Cynical Beneficiary of the Trump Administration
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DELL
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https://www.nasdaq.com/articles/nokia-is-a-cynical-beneficiary-of-the-trump-administration-2020-06-05
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
For all but a select few industries, the novel coronavirus represented the blackest of black swan events. This was especially the case for telecommunications equipment providers like Nokia (NYSE:NOK) and regional rival Ericsson (NASDAQ:ERIC). After trudging through some uncertain waters in 2019 due to the U.S.-China trade war, along with concerns about a global recession, 2020 offered hope. For instance, Nokia stock found itself up double-digit percentage points in early February.
Source: RistoH / Shutterstock.com
However, the Covid-19 pandemic immediately crushed that optimism. Although NOK has been through multiple health-related crises before – most notably SARS and the 2009 H1N1 outbreak – the coronavirus took such calamities to another dimension.
To stem the tide against this rapidly proliferating virus, multiple countries, including the U.S., instituted broad lockdowns.
This was particularly harmful for Nokia stock as it meant that the underlying company would see progress in its 5G business come to a halt. After years of blunders and bad decisions, NOK was not in a position to treat setbacks as mundane affairs.
7 Hotel Stocks to Buy Before Vacationing Restarts
But after diving to ridiculous lows around mid-March, Nokia stock has put on a remarkable recovery. Basically, shares are right back to where they were in the first half of February. Not only that, there’s a case that NOK could continue moving higher.
In mid-May, President Donald Trump issued a new rule that will prevent Huawei and its suppliers “from using American technology and software,” according to the New York Times. Clearly, this move was aimed directly at China, for which Trump has consistently expressed disdain, first for China’s intellectual property theft of U.S. assets and recently, for failing to contain the coronavirus.
Economically, this backdrop sends a chill, unless you’re holding Nokia stock.
A Cynical Opportunity for Nokia Stock
Before the pandemic, one of the biggest concerns that the U.S. had was China’s growing global influence, particularly in the technology realm. Further, Trump was undoubtedly irked that China used American semiconductor components to essentially undermine U.S. tech dominance.
As a new strategy to outsmart the Chinese, the Trump administration called on American tech firms to develop a uniform standard for 5G. By allowing 5G software developers to run code on any hardware, this uniformity helps eliminate the need for Huawei equipment, which is a leader in the 5G hardware space.
Not only that, the measure found support from companies such as Microsoft (NASDAQ:MSFT), Dell Technologies (NYSE:DELL) and AT&T (NYSE:T). According to White House economic adviser Larry Kudlow:
“The big-picture concept is to have all of the U.S. 5G architecture and infrastructure done by American firms, principally. That also could include Nokia and Ericsson because they have big U.S. presences.”
Usually, when your top competitor suffers a setback, that’s a net positive for you. And when these politically motivated developments were occurring earlier this year, Nokia stock took off. However, assuming that the coronavirus pandemic never happened, this narrative for NOK would have faced stiff challenges.
Primarily, as the Wall Street Journal noted, Huawei “has won fans globally — including small rural telecom carriers in the U.S. — for the quality of its equipment and technical support.” Significantly, this sentiment extended to the U.K., which allowed Huawei to build part of its 5G infrastructure, to American objections.
Of course, the coronavirus did happen, which completely changes the story for Nokia stock. Frankly, the world hates China. For example, Australia is rethinking its economic dependency on China after the Asian country balked against Australia’s request for an independent inquiry into the novel coronavirus’ origins.
More Pain, More Gain for NOK
Based on what I see politically, I don’t think the Trump administration will let up on China. As you know, our country is wrestling with nationwide protests calling for social equality and justice. Amid this backdrop is an economic catastrophe where a sadly ridiculous number of Americans have filed for unemployment benefits.
Judging from his words and actions, I’m 100% sure that Trump blames China for ruining his chances for reelection. Realistically, the only hope for the president is to target a foreign “other.” From America’s perspective, you couldn’t get more foreign than China.
To put it another way, we’re on a determined path to hold China accountable. That’s bad news for Huawei and excellent news for Nokia.
Still, you don’t want to dive into Nokia stock blindly. Let’s not forget that China can just as easily retaliate against American businesses – and I’m not just talking about tech firms. Besides, NOK is technically overheated.
But on a significant dip, I believe risk-tolerant investors should take a look at the telecom equipment provider. On a fundamental basis, the narrative has changed dramatically and favorably.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. As of this writing, he is long AT&T stock.
The post Nokia Is a Cynical Beneficiary of the Trump Administration 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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Not only that, the measure found support from companies such as Microsoft (NASDAQ:MSFT), Dell Technologies (NYSE:DELL) and AT&T (NYSE:T). In mid-May, President Donald Trump issued a new rule that will prevent Huawei and its suppliers “from using American technology and software,” according to the New York Times. A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies.
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Not only that, the measure found support from companies such as Microsoft (NASDAQ:MSFT), Dell Technologies (NYSE:DELL) and AT&T (NYSE:T). InvestorPlace - Stock Market News, Stock Advice & Trading Tips For all but a select few industries, the novel coronavirus represented the blackest of black swan events. This was especially the case for telecommunications equipment providers like Nokia (NYSE:NOK) and regional rival Ericsson (NASDAQ:ERIC).
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Not only that, the measure found support from companies such as Microsoft (NASDAQ:MSFT), Dell Technologies (NYSE:DELL) and AT&T (NYSE:T). Clearly, this move was aimed directly at China, for which Trump has consistently expressed disdain, first for China’s intellectual property theft of U.S. assets and recently, for failing to contain the coronavirus. A Cynical Opportunity for Nokia Stock Before the pandemic, one of the biggest concerns that the U.S. had was China’s growing global influence, particularly in the technology realm.
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Not only that, the measure found support from companies such as Microsoft (NASDAQ:MSFT), Dell Technologies (NYSE:DELL) and AT&T (NYSE:T). InvestorPlace - Stock Market News, Stock Advice & Trading Tips For all but a select few industries, the novel coronavirus represented the blackest of black swan events. This was especially the case for telecommunications equipment providers like Nokia (NYSE:NOK) and regional rival Ericsson (NASDAQ:ERIC).
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b9723c56-9014-46ae-8458-d264b2ac0537
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726160.0
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2020-06-04 00:00:00 UTC
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Analysts Predict 11% Upside For FTA
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DELL
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https://www.nasdaq.com/articles/analysts-predict-11-upside-for-fta-2020-06-04
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Large Cap Value AlphaDEX Fund ETF (Symbol: FTA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $53.54 per unit.
With FTA trading at a recent price near $48.19 per unit, that means that analysts see 11.10% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FTA's underlying holdings with notable upside to their analyst target prices are United Airlines Holdings Inc (Symbol: UAL), Allstate Corp (Symbol: ALL), and Dell Technologies Inc (Symbol: DELL). Although UAL has traded at a recent price of $33.65/share, the average analyst target is 78.60% higher at $60.10/share. Similarly, ALL has 16.60% upside from the recent share price of $100.41 if the average analyst target price of $117.08/share is reached, and analysts on average are expecting DELL to reach a target price of $56.55/share, which is 15.85% above the recent price of $48.81. Below is a twelve month price history chart comparing the stock performance of UAL, ALL, and DELL:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
First Trust Large Cap Value AlphaDEX Fund ETF FTA $48.19 $53.54 11.10%
United Airlines Holdings Inc UAL $33.65 $60.10 78.60%
Allstate Corp ALL $100.41 $117.08 16.60%
Dell Technologies Inc DELL $48.81 $56.55 15.85%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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First Trust Large Cap Value AlphaDEX Fund ETF FTA $48.19 $53.54 11.10% United Airlines Holdings Inc UAL $33.65 $60.10 78.60% Allstate Corp ALL $100.41 $117.08 16.60% Dell Technologies Inc DELL $48.81 $56.55 15.85% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of FTA's underlying holdings with notable upside to their analyst target prices are United Airlines Holdings Inc (Symbol: UAL), Allstate Corp (Symbol: ALL), and Dell Technologies Inc (Symbol: DELL). Similarly, ALL has 16.60% upside from the recent share price of $100.41 if the average analyst target price of $117.08/share is reached, and analysts on average are expecting DELL to reach a target price of $56.55/share, which is 15.85% above the recent price of $48.81.
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Three of FTA's underlying holdings with notable upside to their analyst target prices are United Airlines Holdings Inc (Symbol: UAL), Allstate Corp (Symbol: ALL), and Dell Technologies Inc (Symbol: DELL). First Trust Large Cap Value AlphaDEX Fund ETF FTA $48.19 $53.54 11.10% United Airlines Holdings Inc UAL $33.65 $60.10 78.60% Allstate Corp ALL $100.41 $117.08 16.60% Dell Technologies Inc DELL $48.81 $56.55 15.85% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Similarly, ALL has 16.60% upside from the recent share price of $100.41 if the average analyst target price of $117.08/share is reached, and analysts on average are expecting DELL to reach a target price of $56.55/share, which is 15.85% above the recent price of $48.81.
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Similarly, ALL has 16.60% upside from the recent share price of $100.41 if the average analyst target price of $117.08/share is reached, and analysts on average are expecting DELL to reach a target price of $56.55/share, which is 15.85% above the recent price of $48.81. Three of FTA's underlying holdings with notable upside to their analyst target prices are United Airlines Holdings Inc (Symbol: UAL), Allstate Corp (Symbol: ALL), and Dell Technologies Inc (Symbol: DELL). Below is a twelve month price history chart comparing the stock performance of UAL, ALL, and DELL: Below is a summary table of the current analyst target prices discussed above:
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First Trust Large Cap Value AlphaDEX Fund ETF FTA $48.19 $53.54 11.10% United Airlines Holdings Inc UAL $33.65 $60.10 78.60% Allstate Corp ALL $100.41 $117.08 16.60% Dell Technologies Inc DELL $48.81 $56.55 15.85% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of FTA's underlying holdings with notable upside to their analyst target prices are United Airlines Holdings Inc (Symbol: UAL), Allstate Corp (Symbol: ALL), and Dell Technologies Inc (Symbol: DELL). Similarly, ALL has 16.60% upside from the recent share price of $100.41 if the average analyst target price of $117.08/share is reached, and analysts on average are expecting DELL to reach a target price of $56.55/share, which is 15.85% above the recent price of $48.81.
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127b1687-3ae3-466f-a514-e97d09fbb583
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726161.0
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2020-06-03 00:00:00 UTC
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Why AMD Will Likely Reward Investors in the Months Ahead
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DELL
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https://www.nasdaq.com/articles/why-amd-will-likely-reward-investors-in-the-months-ahead-2020-06-03
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Despite a mixed first quarterly earnings report, Advanced Micro Devices (NASDAQ:AMD) climbed steadily. The Nasdaq’s positive return for 2020 helped sustain the high valuations in AMD stock. As the company continues its journey in disrupting the computing market and developing high-end computing solutions, why did the stock get stuck in a range in May?
Source: Sundry Photography / Shutterstock.com
Investors should look again at AMD’s first quarter achievements and its outlook for the year. Recent product developments set a path for accelerated growth, too.
First Quarter Results
AMD has a broad product portfolio. Its Ryzen “Zen 2” chips have up to 16 cores. AMD Ryzen for mobile computers support ultrathin and gaming notebooks. In the high-end desktop, Ryzen Threadripper has up to 64 “Zen 2” cores. And in the server market, AMD EPYC o
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The Nasdaq’s positive return for 2020 helped sustain the high valuations in AMD stock. Source: Sundry Photography / Shutterstock.com Investors should look again at AMD’s first quarter achievements and its outlook for the year. AMD Ryzen for mobile computers support ultrathin and gaming notebooks.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Despite a mixed first quarterly earnings report, Advanced Micro Devices (NASDAQ:AMD) climbed steadily. The Nasdaq’s positive return for 2020 helped sustain the high valuations in AMD stock. As the company continues its journey in disrupting the computing market and developing high-end computing solutions, why did the stock get stuck in a range in May?
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Despite a mixed first quarterly earnings report, Advanced Micro Devices (NASDAQ:AMD) climbed steadily. As the company continues its journey in disrupting the computing market and developing high-end computing solutions, why did the stock get stuck in a range in May? AMD Ryzen for mobile computers support ultrathin and gaming notebooks.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Despite a mixed first quarterly earnings report, Advanced Micro Devices (NASDAQ:AMD) climbed steadily. The Nasdaq’s positive return for 2020 helped sustain the high valuations in AMD stock. As the company continues its journey in disrupting the computing market and developing high-end computing solutions, why did the stock get stuck in a range in May?
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2cadfbda-f867-44e5-bc2f-3c24f9b25f8b
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726162.0
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2020-05-31 00:00:00 UTC
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2 Top Tech Stocks for a Post-Pandemic World
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DELL
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https://www.nasdaq.com/articles/2-top-tech-stocks-for-a-post-pandemic-world-2020-05-31
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nan
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nan
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The novel coronavirus pandemic has led to a surge in internet traffic thanks to the shift toward telecommuting and online education, as well as a bump in video gaming and streaming video demand on account of shelter-in-place orders and lockdowns.
This is forcing data center operators to upgrade their capacities and capabilities to handle the increased load. Chinese giant Alibaba recently announced that it will spend $28 billion to bolster its data center infrastructure over the next three years in preparation for a post-COVID-19 world. Market research firm TechNavio estimates that spending on data center construction could increase at an annual rate of 10% through 2024.
According to another estimate, cloud computing demand is expected to increase at an annual pace of 12.5% through 2021. Software-as-a-service (SaaS) solutions are expected to account for a lion's share of this growth.
This is why investors should be looking at companies providing cloud services and data center equipment in these times. NVIDIA (NASDAQ: NVDA) and Twilio (NYSE: TWLO) are two tech stocks to watch as they stand to win big from more capable data centers and the widespread adoption of cloud computing in a post-pandemic world.
Image Source: Getty Images.
NVIDIA is driving the data center revolution with its graphics cards
NVIDIA's data center looked set for a breakout performance in 2020 thanks to the growing demand for artificial intelligence (AI) applications and the company's partnerships with key data center operators across the globe.
So it wasn't surprising to see NVIDIA's data center business record terrific annual growth of nearly 80% in its recently reported fiscal first quarter that ended April 26. The business now supplies just over 37% of the graphics specialist's total revenue, up from 29% in the prior-year period. The impressive growth in NVIDIA's data center business helped lift overall revenue 39% year over year.
However, NVIDIA isn't done yet. The company recently launched the A100 graphics processing unit (GPU) for data center applications based on its latest Ampere architecture. NVIDIA promises a huge leap in performance during AI training and inference workloads with its latest data center GPU as compared to its Tesla V100 GPU.
More specifically, NVIDIA claims that the A100 data center GPU is three to six times faster than the V100 Tesla card during AI training workloads. On the other hand, it could be seven times faster while carrying out inferencing workloads.
Another big advantage of the A100 GPU is that it can be divided into seven separate instances. This feature allows multiple users to accelerate different applications, and NVIDIA claims that it can boost the utilization of the server and reduce the total cost of operation for the data center operator. And when needed, data center operators can connect multiple A100 graphics cards to tackle bigger tasks.
As it turns out, NVIDIA has scored several customers for its latest data center GPU already. CFO Colette Kress said this on the latest earnings conference call:
The A100 will be deployed by the world's leading cloud service providers and system builders, including Alibaba Cloud, Amazon Web Services, Baidu Cloud, Dell Technologies, Google Cloud Platform, HPE, and Microsoft Azure, among others. It is also getting adopted by several supercomputing centers, including the National Energy Research Scientific Computing Center and the Julich Supercomputing Centre in Germany and Argonne National Laboratory.
Finally, demand for NVIDIA's data center GPUs isn't going to fizzle out anytime soon. That's because GPUs are expected to corner the biggest portion of the data center accelerator market through 2023 as compared to central processing units (CPUs) or field-programmable gate arrays (FPGAs). Third-party research claims that the overall data center accelerator market could clock a compound annual growth rate of nearly 50% through 2023, paving the way for further growth in NVIDIA's data center business.
The pandemic is giving Twilio's business a boost
Wall Street wasn't impressed with Twilio earlier in 2020 after the company's growth trajectory for this year turned out to be weaker than anticipated. The cloud communications specialist guided for a big loss this fiscal year, while investors were looking for a profit -- a drop-off in top-line growth turned out to be another disappointment.
But the COVID-19 outbreak has given Twilio's business a shot in the arm as its solutions allow companies to shift their customer care centers to the cloud. The company's latest quarterly results (released in the first week of May) blew past the market's expectations, while the guidance indicates that the coronavirus pandemic won't dampen its momentum.
Twilio is expecting 34% annual revenue growth at the midpoint of its guidance range this quarter, but the bigger picture appears to be more attractive. That's because the pandemic has triggered a switch toward cloud-based contact centers to follow social distancing and shelter-in-place orders.
Traditional customer care centers require employees to go to an office and work in close quarters with each other. As a result, organizations have been moving their employees to a work-from-home model, accelerating the shift to cloud-based contact centers. This is where Twilio comes into play as its solutions allow organizations to create applications that customer service agents can use from the comfort of their homes.
Management explained over the latest earnings call that it saw a 25% spike in average daily sign-ups in the period from March 18 to April 30 as compared to the first 11 weeks of the quarter. COO George Hu anticipates that this is just the beginning as more and more companies are going to shift their contact centers to the cloud:
Prior to this outbreak, it was estimated that of the roughly 15 million contact center seats in the market, about 17% were in the cloud. Now, it is expected to be 50% by 2025, and Flex provides us a great opportunity to help companies with this transition with a fully-programmable contact center platform.
This transition should open up a huge opportunity for Twilio. The cloud-based contact center market is expected to clock annual growth of 24.5% through 2025, hitting a size of $49 billion after five years, according to a third-party estimate.
Twilio has generated $1.27 billion in revenue over the past year, so there's a lot of room for growth in the future considering the end-market opportunity at hand. Still, COVID-19 could turn out to be the shot in the arm that Twilio needed as the pandemic forced organizations to recognize the importance of cloud-based contact centers.
10 stocks we like better than NVIDIA
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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. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., Alphabet (A shares), Alphabet (C shares), Amazon, Baidu, Microsoft, NVIDIA, and Twilio and recommends the following options: long January 2021 $85 calls on Microsoft, short January 2021 $115 calls on Microsoft, short January 2022 $1940 calls on Amazon, and long January 2022 $1920 calls on Amazon. 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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CFO Colette Kress said this on the latest earnings conference call: The A100 will be deployed by the world's leading cloud service providers and system builders, including Alibaba Cloud, Amazon Web Services, Baidu Cloud, Dell Technologies, Google Cloud Platform, HPE, and Microsoft Azure, among others. NVIDIA (NASDAQ: NVDA) and Twilio (NYSE: TWLO) are two tech stocks to watch as they stand to win big from more capable data centers and the widespread adoption of cloud computing in a post-pandemic world. That's because GPUs are expected to corner the biggest portion of the data center accelerator market through 2023 as compared to central processing units (CPUs) or field-programmable gate arrays (FPGAs).
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CFO Colette Kress said this on the latest earnings conference call: The A100 will be deployed by the world's leading cloud service providers and system builders, including Alibaba Cloud, Amazon Web Services, Baidu Cloud, Dell Technologies, Google Cloud Platform, HPE, and Microsoft Azure, among others. Third-party research claims that the overall data center accelerator market could clock a compound annual growth rate of nearly 50% through 2023, paving the way for further growth in NVIDIA's data center business. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., Alphabet (A shares), Alphabet (C shares), Amazon, Baidu, Microsoft, NVIDIA, and Twilio and recommends the following options: long January 2021 $85 calls on Microsoft, short January 2021 $115 calls on Microsoft, short January 2022 $1940 calls on Amazon, and long January 2022 $1920 calls on Amazon.
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CFO Colette Kress said this on the latest earnings conference call: The A100 will be deployed by the world's leading cloud service providers and system builders, including Alibaba Cloud, Amazon Web Services, Baidu Cloud, Dell Technologies, Google Cloud Platform, HPE, and Microsoft Azure, among others. NVIDIA is driving the data center revolution with its graphics cards NVIDIA's data center looked set for a breakout performance in 2020 thanks to the growing demand for artificial intelligence (AI) applications and the company's partnerships with key data center operators across the globe. Third-party research claims that the overall data center accelerator market could clock a compound annual growth rate of nearly 50% through 2023, paving the way for further growth in NVIDIA's data center business.
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CFO Colette Kress said this on the latest earnings conference call: The A100 will be deployed by the world's leading cloud service providers and system builders, including Alibaba Cloud, Amazon Web Services, Baidu Cloud, Dell Technologies, Google Cloud Platform, HPE, and Microsoft Azure, among others. The impressive growth in NVIDIA's data center business helped lift overall revenue 39% year over year. As it turns out, NVIDIA has scored several customers for its latest data center GPU already.
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fdae84ac-1a69-4452-a86f-6d8eabd60a34
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726163.0
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2020-05-29 00:00:00 UTC
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Why Dell Stock Jumped Today
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DELL
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https://www.nasdaq.com/articles/why-dell-stock-jumped-today-2020-05-29
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nan
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nan
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What happened
Shares of Dell Technologies (NYSE: DELL) have jumped today, up by 7% as of 12:30 p.m. EDT, after the PC maker announced first-quarter earnings. Demand for PCs remains healthy, as COVID-19 has driven many companies to invest in remote working setups.
So what
Revenue in the first quarter was $21.9 billion, crushing the consensus estimate of $20.8 billion in sales. That led to adjusted net income of $1.1 billion, or $1.34 per share, also well ahead of the $1.01 per share in adjusted profits that analysts were expecting. The Client Solutions Group saw sales increase, but the Infrastructure Solutions Group declined as the enterprise shifted spending toward remote work.
Dell XPS 13. Image source: Dell.
"Customers need essential technology now more
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What happened Shares of Dell Technologies (NYSE: DELL) have jumped today, up by 7% as of 12:30 p.m. EDT, after the PC maker announced first-quarter earnings. Dell XPS 13. Image source: Dell.
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What happened Shares of Dell Technologies (NYSE: DELL) have jumped today, up by 7% as of 12:30 p.m. EDT, after the PC maker announced first-quarter earnings. Dell XPS 13. Image source: Dell.
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What happened Shares of Dell Technologies (NYSE: DELL) have jumped today, up by 7% as of 12:30 p.m. EDT, after the PC maker announced first-quarter earnings. Dell XPS 13. Image source: Dell.
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Dell XPS 13. What happened Shares of Dell Technologies (NYSE: DELL) have jumped today, up by 7% as of 12:30 p.m. EDT, after the PC maker announced first-quarter earnings. Image source: Dell.
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99f55985-89ad-4a96-9dbd-d78af690c114
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726164.0
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2020-05-29 00:00:00 UTC
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Stock Alert: Dell Technologies Gains 6%
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DELL
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https://www.nasdaq.com/articles/stock-alert%3A-dell-technologies-gains-6-2020-05-29
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(RTTNews) - Shares of Dell Technologies Inc. (DELL) are up nearly 6 percent on Friday morning trade as it reported its first-quarter profit that beat analysts' average estimates.
Currently, the shares are at $48.31, up 5.98 percent from its prior close of $45.58. The shares gapped up open currently trading on a volume of more than 2.15 million. For the 52-week period, the shares have traded in a range of $25.51 to $62.16 on average volume of 3,013,148.
Earnings for the quarter were reported at $143 million, or $0.19 per share, down from $293 million, or $0.38 per share last year. On an adjusted basis, earnings were $1.02 billion or $1.34 per share. Wall Street expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter was down 0.2 percent to $21.95 billion from $21.99 billion last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Shares of Dell Technologies Inc. (DELL) are up nearly 6 percent on Friday morning trade as it reported its first-quarter profit that beat analysts' average estimates. Wall Street expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
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(RTTNews) - Shares of Dell Technologies Inc. (DELL) are up nearly 6 percent on Friday morning trade as it reported its first-quarter profit that beat analysts' average estimates. Earnings for the quarter were reported at $143 million, or $0.19 per share, down from $293 million, or $0.38 per share last year. The company's revenue for the quarter was down 0.2 percent to $21.95 billion from $21.99 billion last year.
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(RTTNews) - Shares of Dell Technologies Inc. (DELL) are up nearly 6 percent on Friday morning trade as it reported its first-quarter profit that beat analysts' average estimates. Earnings for the quarter were reported at $143 million, or $0.19 per share, down from $293 million, or $0.38 per share last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Shares of Dell Technologies Inc. (DELL) are up nearly 6 percent on Friday morning trade as it reported its first-quarter profit that beat analysts' average estimates. Currently, the shares are at $48.31, up 5.98 percent from its prior close of $45.58. Earnings for the quarter were reported at $143 million, or $0.19 per share, down from $293 million, or $0.38 per share last year.
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726165.0
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2020-05-29 00:00:00 UTC
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Daily Markets: Stocks Slip as Investors Brace for Trump's U.S.-China News Conference
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DELL
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https://www.nasdaq.com/articles/daily-markets%3A-stocks-slip-as-investors-brace-for-trumps-u.s.-china-news-conference-2020
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Today’s Big Picture
All week long, we’ve been watching tension between the US and China escalate. As markets look to close out the month of May today, they are bracing for President Trump’s expected press conference on the US response to China's controversial national security bill for Hong Kong. Ahead of the presser, Trump has shared the US will issue a tough response, which may include revisiting some of Hong Kong’s economic and trade privileges with the US. The pre-press conference uncertainty, and what the presser could bring is weighing on equities today. Odds are the fallout from the president’s comments mean the month of May, which started on a strong note, helping equities clawback March quarter losses, finishes the month with a whimper.
On the housekeeping front, your authors will be taking a much-needed break next week, which means we will be (hopefully) tan, rested, and ready when Daily Markets returns on Monday, June 8th.
Data Download
Coronavirus
As of Friday morning, there were 5.91 million confirmed coronavirus cases worldwide, and over 362,000 lives lost to COVID-19. The United States has over 1.77 million cases, and more than 103,000 lives lost. The UK has the second-highest loss of life at just under 39,000. Brazil has the second-highest case count at nearly 440,000.
Russia reported a record number of deaths from the coronavirus today.
International Economy
South Korea saw Industrial Production fall 4.5% YoY in April, down from the prior 7.4% increase and much worse than the 0.5% contraction expected. Retail sales fell 2.2% YoY, up from the prior 8% contraction. Manufacturing Production fell 4.7% YoY, down from the prior 8% increase, and Construction Output fell 2.7% YoY, down from the previous 2.2% expansion.
The data out of Japan overnight was overall worse than the already grim levels expected. The unemployment rate rose to 2.6% from 2.5%, below the 2.7% expected. Core CPI rose 0.2%, up from the prior 0.1% decline, and higher than the expected fall to -0.2%. Retail sales in April fell 13.7% YoY, down from the prior 4.7% contraction and worse than the 11.5% decline expected. Industrial production fell 9.1% MoM, down from the prior 3.7% contraction and far worse than the 5.1% decline expected. Consumer Confidence rose modestly to 24 in May from the record low 21.6 in April. Housing starts contracted 12.9% in April YoY, down from the prior 7.6% contraction and worse than the 12.1% contraction expected.
Sweden’s economy bucked the economic contraction trend in Europe for the first quarter with its no-lockdown strategy. The country’s GDP rose 0.1% in Q1 QoQ. Expectations are for a 7% contraction in GDP in 2020, worse than Denmark and Norway, but better than many of its European friends to the south.
Germany’s retail sales fell 6.5% YoY in April, down from the prior 1.2% contraction, but better than the 14.3% contraction expected. Import prices fell 7.4% YoY in April, down from the prior 5.5% contraction.
France’s Final GDP for Q1 saw it contract 5.3% QoQ, better than the 5.8% contraction initially estimated. This is the nation’s biggest contraction since Q2 1968. With contracting GDP in Q4 2019, France is already officially in a recession. Preliminary inflation for May is 0.2% YoY, down from the prior 0.3% where it was expected to remain. Household consumption fell 20.2% MoM in April, down from the prior 16.9% contraction and worse than the -15%expected. This is the biggest decline in household consumption since the start of the series in 1980. PPI in France fell 2.9% MoM, down from the prior 1.7% contraction.
Italy’s Final GDP for Q1 came in at 5.3% contraction, down from the prior -0.2% in Q4 2019 and worse than the earlier estimate of -4.7%. This is the country’s worst contraction since records began in 1996 and puts the economy back to the same size it was 20 years ago. Italy joins France in an official recession, its fourth recession in just over 10 years. Italy’s preliminary inflation rate for May dropped to -0.1% YoY, from the prior 0%.
Eurozone companies increased their bank borrowing by 73 billion in April, the fastest pace since the financial crisis. This follows a record-high €121 billion increase in March.
The UK’s car production in April wins the OMG data point of the month, down 99.7% YoY in April from the 37.6% contraction in March. Ouch.
Domestic Economy
Over the ten weeks ending May 23, there have been 40.8 million initial jobless claims, which is 24.8% of the civilian labor force as of February 2020. Over March and April, the civilian labor force shrank by 4.9%, which is nearly 3x larger than the previous biggest contraction on record from back in 1968, according to data from the Federal Reserve, with the series going back to 1948. It is astounding to see equities so strong when nearly 1 in 4 Americans has lost their job in the past ten weeks.
Durable goods orders were down 44% annualized in the three months ended April over the prior three months. Durable goods shipments were down 30.1% 3-month/3-month annualized. Non-defense capital goods fared better, with shipments down 11.6% and ex aircraft down 9.9%. Core durable goods orders fell 33.6% in the three months ending April over the prior three months annualized. Core durable shipments fell 31.4%. Manufacturers' inventories are a record 2.2x sales in April.
The Bureau for Economic Analysis updated Q1 data yesterday, revising consumption higher and inventories lower. The end result is GDP for the first quarter falling 5.1% SAAR. Consumption to 4.7% off GDP and inventories cut 1.4%.
Later today we will get April’s Personal Spending and Income report, Goods Trade Balance, Wholesale Inventories, PCE Price Index, Michigan Consumer Sentiment Report, and Chicago PMI as well as the usual Baker Hughs Weekly Rig Count. Federal Reserve Chair Powell will be speaking today at 11 am ET.
Markets
The equity markets lost all of their gains for the day after President Trump said, “Tomorrow we’re going to be having a press conference on China. We’ll be making decisions, and we’ll be discussing them tomorrow.” The Dow fell 0.6% on the day, the S&P 500 closed down 0.2% and the Nasdaq Composite lost 0.5%. The breadth of the rally off the market lows has been impressive with nearly half of the S&P 500 trading above their 200-day moving averages.
Stocks to Watch
Mobile game company Glu Mobile (GLUU) boosted its outlook for both the current quarter and 2020. For the current quarter, the company now sees bookings in the range of $162.5-$167.5 million vs, its prior guidance of $150-$155 million. In terms of 2020, Glu’s new bookings forecast calls for $502.5-$512.5 million, up from $490-$500 million.
Big Lots (BIG) shares are moving higher this morning as the company crushed quarterly consensus expectations. Comp-store sales for the quarter rose 10.3% while its e-commerce comps rocketed 45% higher YoY. The company previously withdrew its 2020 guidance but shared it sees comp-store sales growth for the current quarter in line with the prior quarter.
Costco Wholesale (COST) reported quarterly results that topped consensus expectations led by total adjusted comparable sales that rose 7.8%. US adjusted comparable sales for the quarter were up 8.0%, while those in Canada rose 3.0%, and E-commerce channel growth topped 66% for the quarter.
Shares of Salesforce (CRM) traded off following the company’s quarterly earnings topped expectations but the company guided the current quarter below expectations and cut its outlook for revenue, EPS, and cash flow for the year. For the full year, the company now sees revenues around $20 billion vs. $20.75 billion consensus and EPS of $2.93-2.95 vs. the $3.07 consensus.
Williams-Sonoma (WSM) topped quarterly expectations as its comp sales rose 2.6% YoY vs. the expected -13.9%. The company says the large e-commerce business had breakout comp growth in the second half of the quarter and continues to accelerate.
Cloud-based security company Zscaler (ZS) topped expectations for its April quarter as revenue rose 40% YoY and calculated billings grew 55% YoY. Exiting the quarter, the company’s deferred revenue was just under $301 million, up 42% YoY. The company issued upside guidance for both its current quarter as well as the full year 2020. Alongside, its earnings Zscaler also shared it has acquired Edgewise Networks.
Identity service company Okta (OKTA) bested consensus expectations for its April quarter with revenue up 46% YoY. The company announced a new native integration with Amazon (AMZN) Web Services Single Sign-on and shared expectations for a net loss of $0.01-$0.2 per share in the current quarter vs. the -$0.09 consensus.
Shares of cloud infrastructure company VMWare (VMW) climbed in after-hours trading last night as the company served up a crushing quarterly EPS blow relative to consensus expectations. Revenue for the quarter rose more than 11% YoY to $2.73 billion vs. $2.62 billion consensus. Subscription and SaaS revenue for the first quarter was $572 million, an increase of 39% year-over-year.
Dell (DELL) topped EPS expectations for its April quarter despite revenue that was little changed YoY. The quarter benefitted from customers needing “to put business continuity, remote working, and learning plans into practice.” During the quarter Dell saw orders with banking and financial services, government, healthcare, and life sciences customers up 15%-20%.”
Ulta Beauty (ULTA) missed quarterly revenue and EPS expectations as comp sales fell 35.3% compared to +1% in the year-ago quarter. Ulta withdrew its guidance in mid-March and did not provide an outlook alongside its earnings report. The company did share plans to reduce new store openings vs. prior plans.
Nordstrom (JWN) also missed consensus expectations for its April quarter top and bottom lines. Revenue fell 39.5% You to $2.03 billion, missing the $2.27 consensus. Full-price net sales dropped 36% YoY while off-price sales fell 45% YoY as store closures took their toll on the quarter. On a positive note, the company’s e-commerce business experienced significant growth in new customers of more than 50%. Nordstrom began reopening stores in early May with approximately 40 percent of its fleet now open.
Cisco Systems (CSCO) announced it would acquire privately-held ThousandEyes, which has an Internet and Cloud intelligence platform that delivers deep visibility and insights into the digital delivery of applications and services over the Internet. Terms of the transaction were not disclosed.
After today’s close investors there are no companies expected to report their quarterly earnings. Investors that want to get a jump on those and other corporate earnings reports coming at us next week should visit Nasdaq’s earnings calendar page.
On the Horizon
Dates to mark:
June 1: Markit and ISM Manufacturing PMI for May
June 2: Markit and ISM Non-Manufacturing PMI for May and Factory Orders
June 4: Challenger Job Cuts for May and Nonfarm Productivity for Q1
June 5: Nonfarm payrolls for May
June 9: NFIB Business Optimism Index and JOLTS report
June 10: Federal Reserve Interest rate decisions
June 11: PPI
June 12: Michigan Consumer Sentiment Report
Thought for the Day
“Good communication is just as stimulating as black coffee, and just as hard to sleep after.” ~ Anne Morrow Lindbergh
Disclosures
Cisco Systems (CSCO), Okta (OKTA), Zscaler (ZS) are constituents in the Foxberry Tematica Research Cybersecurity & Data Privacy Index.
Williams-Sonoma (WSM) is a constituent in the Tematica Research's Thematic Dividend All-Stars Index.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell (DELL) topped EPS expectations for its April quarter despite revenue that was little changed YoY. The quarter benefitted from customers needing “to put business continuity, remote working, and learning plans into practice.” During the quarter Dell saw orders with banking and financial services, government, healthcare, and life sciences customers up 15%-20%.” Ulta Beauty (ULTA) missed quarterly revenue and EPS expectations as comp sales fell 35.3% compared to +1% in the year-ago quarter. As markets look to close out the month of May today, they are bracing for President Trump’s expected press conference on the US response to China's controversial national security bill for Hong Kong.
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The quarter benefitted from customers needing “to put business continuity, remote working, and learning plans into practice.” During the quarter Dell saw orders with banking and financial services, government, healthcare, and life sciences customers up 15%-20%.” Ulta Beauty (ULTA) missed quarterly revenue and EPS expectations as comp sales fell 35.3% compared to +1% in the year-ago quarter. Dell (DELL) topped EPS expectations for its April quarter despite revenue that was little changed YoY. Later today we will get April’s Personal Spending and Income report, Goods Trade Balance, Wholesale Inventories, PCE Price Index, Michigan Consumer Sentiment Report, and Chicago PMI as well as the usual Baker Hughs Weekly Rig Count.
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The quarter benefitted from customers needing “to put business continuity, remote working, and learning plans into practice.” During the quarter Dell saw orders with banking and financial services, government, healthcare, and life sciences customers up 15%-20%.” Ulta Beauty (ULTA) missed quarterly revenue and EPS expectations as comp sales fell 35.3% compared to +1% in the year-ago quarter. Dell (DELL) topped EPS expectations for its April quarter despite revenue that was little changed YoY. Shares of Salesforce (CRM) traded off following the company’s quarterly earnings topped expectations but the company guided the current quarter below expectations and cut its outlook for revenue, EPS, and cash flow for the year.
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Dell (DELL) topped EPS expectations for its April quarter despite revenue that was little changed YoY. The quarter benefitted from customers needing “to put business continuity, remote working, and learning plans into practice.” During the quarter Dell saw orders with banking and financial services, government, healthcare, and life sciences customers up 15%-20%.” Ulta Beauty (ULTA) missed quarterly revenue and EPS expectations as comp sales fell 35.3% compared to +1% in the year-ago quarter. Retail sales in April fell 13.7% YoY, down from the prior 4.7% contraction and worse than the 11.5% decline expected.
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726166.0
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2020-05-28 00:00:00 UTC
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EARNINGS-Dell beats revenue estimates as remote working lifts demand
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DELL
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https://www.nasdaq.com/articles/earnings-dell-beats-revenue-estimates-as-remote-working-lifts-demand-2020-05-28
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By Neha Malara
May 28 (Reuters) - Dell Technologies Inc DELL.N beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the coronavirus outbreak.
Shares of the company rose 8.3% to $49.38 in extended trading.
Revenue from client solutions group, that accounts for half of the revenue and includes desktop PCs, notebooks and tablets, rose 2% to $11.1 billion in its fiscal first quarter.
Commercial notebooks reported double-digit unit and revenue growth, while mobile workstations posted high-single-digit revenue growth, the company said.
"In Q1, we saw orders with banking and financial services, government, healthcare and life sciences customers up 15% to 20%," Chief Operating Officer Jeff Clarke said in a statement.
But higher spending by companies towards enabling remote work, as well as weak demand in China weighed on Dell's data center business.
Revenue in that business fell 8% to $7.57 billion in the three months ended May 1.
Total revenue fell marginally to $21.90 billion, but topped estimates of $20.81 billion, according to IBES data from Refinitiv.
Net income attributable to the company fell to $143 million, from $293 million a year earlier.
Dell in March scrapped its financial year 2021 forecast due to uncertainty over the impact of the coronavirus outbreak.
Sales from its software unit VMware jumped 12% to $2.76 billion.
(Reporting by Neha Malara in Bengaluru; Additional reporting by Munsif Vengattil; Editing by Sriraj Kalluvila and Amy Caren Daniel)
((neha.malara@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Neha Malara May 28 (Reuters) - Dell Technologies Inc DELL.N beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the coronavirus outbreak. But higher spending by companies towards enabling remote work, as well as weak demand in China weighed on Dell's data center business. Dell in March scrapped its financial year 2021 forecast due to uncertainty over the impact of the coronavirus outbreak.
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By Neha Malara May 28 (Reuters) - Dell Technologies Inc DELL.N beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the coronavirus outbreak. But higher spending by companies towards enabling remote work, as well as weak demand in China weighed on Dell's data center business. Dell in March scrapped its financial year 2021 forecast due to uncertainty over the impact of the coronavirus outbreak.
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By Neha Malara May 28 (Reuters) - Dell Technologies Inc DELL.N beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the coronavirus outbreak. But higher spending by companies towards enabling remote work, as well as weak demand in China weighed on Dell's data center business. Dell in March scrapped its financial year 2021 forecast due to uncertainty over the impact of the coronavirus outbreak.
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By Neha Malara May 28 (Reuters) - Dell Technologies Inc DELL.N beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the coronavirus outbreak. But higher spending by companies towards enabling remote work, as well as weak demand in China weighed on Dell's data center business. Dell in March scrapped its financial year 2021 forecast due to uncertainty over the impact of the coronavirus outbreak.
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726167.0
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2020-05-28 00:00:00 UTC
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Dell Inc. Q1 adjusted earnings Beat Estimates
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DELL
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https://www.nasdaq.com/articles/dell-inc.-q1-adjusted-earnings-beat-estimates-2020-05-28
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(RTTNews) - Dell Inc. (DELL) announced a profit for first quarter that declined from last year.
The company's earnings totaled $143 million, or $0.19 per share. This compares with $293 million, or $0.38 per share, in last year's first quarter.
Excluding items, Dell Inc. reported adjusted earnings of $1.02 billion or $1.34 per share for the period.
Analysts had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 0.2% to $21.95 billion from $21.99 billion last year.
Dell Inc. earnings at a glance:
-Earnings (Q1): $1.02 Bln. vs. $1.10 Bln. last year. -EPS (Q1): $1.34 vs. $1.45 last year. -Analysts Estimate: $1.01 -Revenue (Q1): $21.95 Bln vs. $21.99 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Excluding items, Dell Inc. reported adjusted earnings of $1.02 billion or $1.34 per share for the period. (RTTNews) - Dell Inc. (DELL) announced a profit for first quarter that declined from last year. Dell Inc. earnings at a glance: -Earnings (Q1): $1.02 Bln.
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Excluding items, Dell Inc. reported adjusted earnings of $1.02 billion or $1.34 per share for the period. (RTTNews) - Dell Inc. (DELL) announced a profit for first quarter that declined from last year. Dell Inc. earnings at a glance: -Earnings (Q1): $1.02 Bln.
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(RTTNews) - Dell Inc. (DELL) announced a profit for first quarter that declined from last year. Excluding items, Dell Inc. reported adjusted earnings of $1.02 billion or $1.34 per share for the period. Dell Inc. earnings at a glance: -Earnings (Q1): $1.02 Bln.
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Dell Inc. earnings at a glance: -Earnings (Q1): $1.02 Bln. (RTTNews) - Dell Inc. (DELL) announced a profit for first quarter that declined from last year. Excluding items, Dell Inc. reported adjusted earnings of $1.02 billion or $1.34 per share for the period.
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c98bef41-15e6-4816-834a-cf35de144df0
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726168.0
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2020-05-28 00:00:00 UTC
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EARNINGS-Dell beats revenue estimates as remote working lifts workstation demand
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DELL
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https://www.nasdaq.com/articles/earnings-dell-beats-revenue-estimates-as-remote-working-lifts-workstation-demand-2020-05
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nan
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nan
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May 28 (Reuters) - Dell Technologies Inc DELL.N beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the coronavirus crisis.
Revenue from client solutions group, that accounts for half of the revenue and includes desktop PCs, notebooks and tablets, rose 2% to $11.1 billion in its fiscal first quarter.
Commercial notebooks reported double-digit unit and revenue growth, while mobile workstations posted high-single-digit revenue growth, the company said.
"In Q1, we saw orders with banking and financial services, government, healthcare and life sciences customers up 15% to 20%," Chief Operating Officer Jeff Clarke said in a statement.
But higher spending by companies towards enabling remote work, as well as weak demand in China weighed on Dell's data center business.
Revenue in that business fell 8% to $7.57 billion in the three months ended May 1.
Total revenue fell marginally to $21.90 billion, but topped estimates of $20.81 billion, according to IBES data from Refinitiv.
Net income attributable to the company fell to $143 million, from $293 million a year earlier.
Dell in March scrapped its financial year 2021 forecast due to uncertainty over the impact of the coronavirus outbreak.
Sales from its software unit VMware jumped 12% to $2.76 billion.
(Reporting by Neha Malara in Bengaluru; Editing by Sriraj Kalluvila and Amy Caren Daniel)
((neha.malara@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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May 28 (Reuters) - Dell Technologies Inc DELL.N beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the coronavirus crisis. But higher spending by companies towards enabling remote work, as well as weak demand in China weighed on Dell's data center business. Dell in March scrapped its financial year 2021 forecast due to uncertainty over the impact of the coronavirus outbreak.
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May 28 (Reuters) - Dell Technologies Inc DELL.N beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the coronavirus crisis. But higher spending by companies towards enabling remote work, as well as weak demand in China weighed on Dell's data center business. Dell in March scrapped its financial year 2021 forecast due to uncertainty over the impact of the coronavirus outbreak.
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May 28 (Reuters) - Dell Technologies Inc DELL.N beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the coronavirus crisis. But higher spending by companies towards enabling remote work, as well as weak demand in China weighed on Dell's data center business. Dell in March scrapped its financial year 2021 forecast due to uncertainty over the impact of the coronavirus outbreak.
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May 28 (Reuters) - Dell Technologies Inc DELL.N beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the coronavirus crisis. But higher spending by companies towards enabling remote work, as well as weak demand in China weighed on Dell's data center business. Dell in March scrapped its financial year 2021 forecast due to uncertainty over the impact of the coronavirus outbreak.
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2020-05-24 00:00:00 UTC
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Are Cloud Stocks Really Recession-Proof?
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DELL
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https://www.nasdaq.com/articles/are-cloud-stocks-really-recession-proof-2020-05-24
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nan
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nan
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It's hard to find a bigger set of winners on the stock market in recent weeks than cloud-computing stocks.
The software-as-a-service (SaaS) sector has surged since the market bottom with many names touching all-time highs, including Shopify (NYSE: SHOP), Okta (NASDAQ: OKTA), Twilio (NYSE: TWLO), and MongoDB (NASDAQ: MDB). In some cases, cloud companies are benefiting from specific trends related to the pandemic. The work-from-home movement has lifted shares of Slack (NYSE: WORK) and Zoom Video Communications (NASDAQ: ZM) as those companies provide tools like online chat boards and videoconferencing that help enable remote work. Similarly, Shopify has capitalized on the shift to e-commerce with so many stores closed during the shutdown period.
Valuations in the sector were already looking stretched before the pandemic hit, and though many of these companies posted strong results in the first quarter, the pandemic's impact didn't start until March. Now, there are already some warning signs that the pandemic and the recession it's causing may have a greater impact than expected.
Image source: Getty Images.
Legacy tech is already feeling the heat
Cloud stocks have surged in part by taking market share from legacy firms, but performance at older tech companies still reflects overall demand in the broader market, so cracks at legacy firms bode poorly for the enterprise tech sector as a whole.
For example, Hewlett Packard Enterprise (NYSE: HPE) posted a 16% decline in sales in the quarter ended April 30 and is reducing executive compensation by 20% to 25%. Worse, it plans layoffs and other cost cuts that will save $1 billion in expenses annually, though it's unclear how many employees will be shown the door.
On the earnings call, CEO Anthony Neri was blunt about the challenges wrought by COVID-19, saying:
This pandemic is unlike any other crisis we've faced, and it has brought significant economic disruption. Businesses and communities are struggling, supply chain productivity continues to be significantly constrained, and the demand environment is uneven.
That the company is laying off employees and cutting executive salaries shows it expects tough times to continue.
HPE isn't the only veteran enterprise tech company trimming its workforce. IBM (NYSE: IBM) just announced layoffs that are believed to be in the thousands across several states and departments. One commenter who lost their job said on thelayoff.com that this was one of the largest rounds of layoffs in the company's history.
Both IBM and HPE have been on decline in recent years, even seeing revenue shrink, but they still represent more than $100 billion in annual sales in the enterprise tech world and therefore carry a lot of weight. By comparison, most popular cloud stocks have annual revenue under $1 billion.
Similarly, Dell also just announced it is cutting some employee benefits to conserve cash during the crisis.
It's not just legacy firms
Cloud-computing companies haven't all been immune from the crisis. Cloudera (NYSE: CLDR) issued a round of job cuts earlier this month, citing the "sustained disruption from COVID-19," according to an email to Channel Partners. Nutanix (NASDAQ: NTNX), meanwhile, said it would furlough close to 1,500 employees on a rotating basis over the next six months due to uncertainty around the pandemic, though it posted otherwise solid results in its most recent quarter.
Other companies see headwinds going into the second quarter. Alteryx (NYSE: AYX), for example, forecast revenue growth of just 10% to 15% in the second quarter after recording 43% top-line growth in the first, while Okta, one of the best-performing cloud stocks during the crisis acknowledged some near-term billings headwinds, though it did reaffirm its revenue outlook for the year.
Uncharted waters
The cloud-computing industry has never really experienced a recession before as the industry was much smaller during the financial crisis. Many of today's popular cloud stocks didn't even exist during the last recession or were only in their infancy.
Salesforce (NYSE: CRM) was one of the first cloud stocks and one of the few around during the last recession. Its performance during that period may offer something of a cautionary tale about the current recession.
Data by YCharts.
As you can see from the chart above, revenue growth went from more than 50% to just 20% in about a year as Salesforce very much experienced an impact from the recession and the slowdown in enterprise business growth.
The good news, at least in this case, is that the company rebounded strongly from the recession.
Data by YCharts.
As you can see, revenue growth has been better in every quarter since its nadir during the financial crisis.
That may indicate that cloud stocks should expect a slowdown in revenue growth over the coming quarters. Business growth is slowing down as layoffs and a decline in new job postings show, and companies are behaving cautiously with the uncertainty around COVID-19. Even companies that offer mission-critical software may see growth slow as their customers simply aren't growing as fast.
Over the longer term, there will likely be a bifurcation in cloud stocks. Those that remain leaders in their niches and benefit from evolving trends during the pandemic, like work-from-home, should thrive, while others may fall behind.
If the experience of Salesforce is any indicator, investors should expect some short-term pain even if the future is bright.
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Jeremy Bowman owns shares of Alteryx, MongoDB, Nutanix, and Okta. The Motley Fool owns shares of and recommends Alteryx, MongoDB, Okta, Salesforce.com, Shopify, Slack Technologies, Twilio, and Zoom Video Communications. The Motley Fool recommends Nutanix and recommends the following options: short August 2020 $130 calls on Zoom Video Communications. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Similarly, Dell also just announced it is cutting some employee benefits to conserve cash during the crisis. On the earnings call, CEO Anthony Neri was blunt about the challenges wrought by COVID-19, saying: This pandemic is unlike any other crisis we've faced, and it has brought significant economic disruption. Both IBM and HPE have been on decline in recent years, even seeing revenue shrink, but they still represent more than $100 billion in annual sales in the enterprise tech world and therefore carry a lot of weight.
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Similarly, Dell also just announced it is cutting some employee benefits to conserve cash during the crisis. The software-as-a-service (SaaS) sector has surged since the market bottom with many names touching all-time highs, including Shopify (NYSE: SHOP), Okta (NASDAQ: OKTA), Twilio (NYSE: TWLO), and MongoDB (NASDAQ: MDB). Legacy tech is already feeling the heat Cloud stocks have surged in part by taking market share from legacy firms, but performance at older tech companies still reflects overall demand in the broader market, so cracks at legacy firms bode poorly for the enterprise tech sector as a whole.
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Similarly, Dell also just announced it is cutting some employee benefits to conserve cash during the crisis. The software-as-a-service (SaaS) sector has surged since the market bottom with many names touching all-time highs, including Shopify (NYSE: SHOP), Okta (NASDAQ: OKTA), Twilio (NYSE: TWLO), and MongoDB (NASDAQ: MDB). Legacy tech is already feeling the heat Cloud stocks have surged in part by taking market share from legacy firms, but performance at older tech companies still reflects overall demand in the broader market, so cracks at legacy firms bode poorly for the enterprise tech sector as a whole.
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Similarly, Dell also just announced it is cutting some employee benefits to conserve cash during the crisis. Both IBM and HPE have been on decline in recent years, even seeing revenue shrink, but they still represent more than $100 billion in annual sales in the enterprise tech world and therefore carry a lot of weight. Business growth is slowing down as layoffs and a decline in new job postings show, and companies are behaving cautiously with the uncertainty around COVID-19.
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5cbe61d3-92de-4394-907d-374e600ea32f
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726170.0
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2020-05-19 00:00:00 UTC
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China's Lenovo posts 64% slump in quarterly profit, but tops estimates
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DELL
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https://www.nasdaq.com/articles/chinas-lenovo-posts-64-slump-in-quarterly-profit-but-tops-estimates-2020-05-19
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nan
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nan
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Adds company comments, context and background
HONG KONG, May 20 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest maker of personal computers (PCs), posted a better-than-expected quarterly profit on Wednesday and said it could benefit from the "new normal" of working from home.
"This trend is not only leading to a growth in PCs and smart devices, but also in the supporting data centers and infrastructure to power faster networks and digital consumption," said Lenovo in a statement.
Lenovo reported a 64% slump in net profit for its fourth quarter, ended March 31, to $43 million due to disruption caused by the coronavirus crisis, beating an average estimate of $7.49 million by seven analysts, according to Refinitiv data. The Chinese company had reported a net profit of $118 million in the year-ago period.
Lenovo's fourth-quarter revenue dropped 9.7% to $10.6 billion from a year earlier.
Worldwide shipments of personal computers declined 12.3% in the first quarter of 2020, the sharpest fall since 2013 due to the pandemic, research firm Gartner said last month.
Lenovo took a 24.4% market share in PCs during the quarter, ahead of rivals HP Inc HPQ.N and Dell Inc DELL.N, it said.
(Reporting by Pei Li; Editing by Muralikumar Anantharaman and Sherry Jacob-Phillips)
((Pei.Li@thomsonreuters.com; +852 64325868;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lenovo took a 24.4% market share in PCs during the quarter, ahead of rivals HP Inc HPQ.N and Dell Inc DELL.N, it said. Adds company comments, context and background HONG KONG, May 20 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest maker of personal computers (PCs), posted a better-than-expected quarterly profit on Wednesday and said it could benefit from the "new normal" of working from home. "This trend is not only leading to a growth in PCs and smart devices, but also in the supporting data centers and infrastructure to power faster networks and digital consumption," said Lenovo in a statement.
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Lenovo took a 24.4% market share in PCs during the quarter, ahead of rivals HP Inc HPQ.N and Dell Inc DELL.N, it said. Adds company comments, context and background HONG KONG, May 20 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest maker of personal computers (PCs), posted a better-than-expected quarterly profit on Wednesday and said it could benefit from the "new normal" of working from home. Lenovo reported a 64% slump in net profit for its fourth quarter, ended March 31, to $43 million due to disruption caused by the coronavirus crisis, beating an average estimate of $7.49 million by seven analysts, according to Refinitiv data.
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Lenovo took a 24.4% market share in PCs during the quarter, ahead of rivals HP Inc HPQ.N and Dell Inc DELL.N, it said. Adds company comments, context and background HONG KONG, May 20 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest maker of personal computers (PCs), posted a better-than-expected quarterly profit on Wednesday and said it could benefit from the "new normal" of working from home. "This trend is not only leading to a growth in PCs and smart devices, but also in the supporting data centers and infrastructure to power faster networks and digital consumption," said Lenovo in a statement.
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Lenovo took a 24.4% market share in PCs during the quarter, ahead of rivals HP Inc HPQ.N and Dell Inc DELL.N, it said. Adds company comments, context and background HONG KONG, May 20 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest maker of personal computers (PCs), posted a better-than-expected quarterly profit on Wednesday and said it could benefit from the "new normal" of working from home. "This trend is not only leading to a growth in PCs and smart devices, but also in the supporting data centers and infrastructure to power faster networks and digital consumption," said Lenovo in a statement.
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301db378-5c9c-48f6-b833-08e2ee17a82c
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726171.0
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2020-05-07 00:00:00 UTC
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AMD Stock Will Remain Resilient and Potentially Trend Higher
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DELL
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https://www.nasdaq.com/articles/amd-stock-will-remain-resilient-and-potentially-trend-higher-2020-05-07
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The novel-coronavirus-driven economic crisis has triggered a sharp correction in stocks in the energy, aviation and tourism sector. On the other hand, the technology sector has been relatively resilient. For example, Advanced Micro Devices (NASDAQ:AMD) has bounced back nicely. From 52-week highs of $59.3, AMD stock has declined by just 11% and currently trades at $52.8. Even with the stock trading at a price-to-earnings ratio of 51.9, I hold a positive view and expect the stock to trend higher.
Source: JHVEPhoto / Shutterstock.com
Since I talked about a high P/E ratio, the company’s growth outlook is worth talking about. Analysts expect the company’s earnings to grow at an annual average of 24.1% over the next five years. For an innovation-driven high growth stock, a high P/E valuation is justified.
As an example, Intel (NASDAQ:INTC) trades at a P/E of 12.0. On a relative basis, valuations might seem attractive for Intel stock. However, analysts expect Intel’s earnings to grow at an annual average of 7.5% over the next five years.
Therefore, it’s the growth factor that’s important. There might be other reasons to be positive on Intel. However, investors looking for exposure to high growth companies in the technology sector will find AMD stock attractive.
Optimistic Guidance for AMD Stock
At a time when companies have withdrawn guidance for the year, Advanced Micro Devices has provided a relatively strong guidance. The company still expects revenue growth of 25% with 30% growth likely in an optimistic case scenario.
9 Online Retail Stocks Profiting From Social Distancing
I believe that the markets will be happy with a 20% to 25% top-line growth for the year. In my view, it should not be a challenge to achieve this growth.
Amidst the coronavirus-driven crisis, work-from-home has triggered demand for chips, laptops and other network goods. The company has confirmed this with the CEO Lisa Su commenting that, “We’ve seen some of our largest (cloud) customers ask us to accelerate some of our deployments.”
Additionally, as people prefer to stay indoors, the demand for videogame consoles and graphics chips will rise. The demand for chips from cloud providers will also accelerate as education institutions pursue online classes. This is a key reason to believe that growth for the year will remain robust.
Margin Expansion and Sustained Growth
It’s important to note that AMD stock is in a long-term uptrend. One of the primary factors driving the stock upside is the launch of next-generation products with a higher gross margin.
For the first quarter of 2020, the company reported gross margin of 46%. For Q1 2019, the company’s gross margin was 41%. With higher Ryzen™ and EPYC™ processor sales, I expect growth margin expansion to sustain in the coming years. I see free cash flows on a sustained basis coming sooner and that a positive trigger for the stock.
From a growth perspective, the company’s data center sales were just $348 million for the recent quarter. However, EPYC processor sales can be a game-changer in the coming years. AMD’s server unit market share was at just 4.5% for Q4 2019.
However, over the last eight quarters, market share has been steadily rising. Recently, AMD announced the launch of three new second-generation AMD EPYC. Some companies adopting these processors include Microsoft (NASDAQ:MSFT), Dell Technologies (NYSE:DELL), Lenovo and VMware (NYSE:VMW).
Even in the desktop segment, the company’s market share has been on a steady rise. Market share was 12% in Q4 2017 and increased to 18.3% at the end of the last fiscal year. With Ryzen Pro 4000 likely to make inroads in the business laptop market, I expect strength to sustain in this segment.
My Concluding Views on AMD
From a balance sheet perspective, AMD has cash and equivalents of $1.4 billion as of Q1 2020. In addition, the company’s leverage has been on a sustained decline. This adds to the positives and gives the company financial flexibility for investment in innovation.
AMD stock has not seen a sharp correction since the onset of the coronavirus driven economic crisis. There are fundamental reasons for this strength and I believe that the stock is worth considering at current levels.
The stock will be considerably higher in the coming years as free cash flow accelerates.
Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock-specific articles with a focus on the technology, energy and commodities sector. As of this writing, he did not hold a position in any of the aforementioned securities.
The post AMD Stock Will Remain Resilient and Potentially Trend Higher 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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Some companies adopting these processors include Microsoft (NASDAQ:MSFT), Dell Technologies (NYSE:DELL), Lenovo and VMware (NYSE:VMW). However, investors looking for exposure to high growth companies in the technology sector will find AMD stock attractive. The company has confirmed this with the CEO Lisa Su commenting that, “We’ve seen some of our largest (cloud) customers ask us to accelerate some of our deployments.” Additionally, as people prefer to stay indoors, the demand for videogame consoles and graphics chips will rise.
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Some companies adopting these processors include Microsoft (NASDAQ:MSFT), Dell Technologies (NYSE:DELL), Lenovo and VMware (NYSE:VMW). InvestorPlace - Stock Market News, Stock Advice & Trading Tips The novel-coronavirus-driven economic crisis has triggered a sharp correction in stocks in the energy, aviation and tourism sector. However, investors looking for exposure to high growth companies in the technology sector will find AMD stock attractive.
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Some companies adopting these processors include Microsoft (NASDAQ:MSFT), Dell Technologies (NYSE:DELL), Lenovo and VMware (NYSE:VMW). InvestorPlace - Stock Market News, Stock Advice & Trading Tips The novel-coronavirus-driven economic crisis has triggered a sharp correction in stocks in the energy, aviation and tourism sector. However, investors looking for exposure to high growth companies in the technology sector will find AMD stock attractive.
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Some companies adopting these processors include Microsoft (NASDAQ:MSFT), Dell Technologies (NYSE:DELL), Lenovo and VMware (NYSE:VMW). Even with the stock trading at a price-to-earnings ratio of 51.9, I hold a positive view and expect the stock to trend higher. There might be other reasons to be positive on Intel.
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cf264511-b94a-4c85-a80c-cf12eb0fc942
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726172.0
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2020-05-04 00:00:00 UTC
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Why Intel Stock Provides Solid Stability In These Less Stable Times
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DELL
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https://www.nasdaq.com/articles/why-intel-stock-provides-solid-stability-in-these-less-stable-times-2020-05-04
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The big question surrounding Intel (NASDAQ:INTC) stock these days has nothing to do with the company itself. Instead, Intel’s struggles circle on the novel coronavirus that is spreading around the world.
Source: JHVEPhoto / Shutterstock.com
This has led to many questions from investors. For example, will computer companies continue to need semiconductors while the global economy struggles to emerge from a likely recession? And how will that weigh on semiconductor profits for the rest of the year, and perhaps even into 2021?
Intel released first-quarter earnings in April that provided insight into those questions, but for some reason, some analysts remain skeptical about the world’s second-largest semiconductor company.
Here’s a closer look at this California-based giant, whose products are best known for powering HP (NYSE:HPQ) and Dell (NYSE:DELL) computers.
Intel Stock at a Glance
Returns for Intel stock over the first four months of the year have been a veritable wash — after a 14% gain and a 25% loss, Intel has battled back in recent weeks to finish April at almost the same place it started the year.
7 Fundamentally Solid Dividend Stocks to Buy
That’s a disappointment, considering Nvidia (NASDAQ:NVDA) is up 24% year-to-date, while another competitor, Advanced Micro Systems (NASDAQ:AMD) is up more than 14%.
First-quarter earnings posted on April 23 included revenue of $19.83 billion, beating analysts’ expectations of $18.7 billion. Earnings were $1.45 per share, versus the $1.28 that analysts expected.
Intel itself had expected revenue of $19 billion, and noted that its quarterly revenue was a 23% gain on a year-over-year basis. CEP Bob Swan spoke glowingly of the company’s results:
“Our first-quarter performance is a testament to our team’s focus on safeguarding employees, supporting our supply chain partners and delivering for our customers during this unprecedented challenge … The role technology plays in the world is more essential now than it has ever been, and our opportunity to enrich lives and enable our customers’ success has never been more vital. Guided by our cultural values, competitive advantages and financial strength, I am confident we will emerge from this situation an even stronger company.”
Guidance, however, was a disappointment. Intel says it’s expecting $18.5 billion in the second quarter at earnings per share of $1.10, versus analysts’ expectations of $17.97 billion and earnings of $1.19 per share. The company did not issue full-year guidance, but said it’s expecting less demand from enterprises and government clients in the second half of 2020.
Morgan Stanley analyst Joseph Moore has an “overweight” rating on Intel, but noted the company is already close to his $61 price target and faces stiffening competition.
“Cloud spending should be more durable, but after this most recent surge, some digestion seems possible, and Intel’s share loss to AMD will primarily come in the cloud service provider segment, while the enterprise and government segments where barriers to entry are much higher should be very soft as purchasing is impacted by the declines in employment,” he says.
The Bottom Line on Intel Stock
If anything, Intel seems to be suffering from overblown expectations. While the stock is relatively flat for the year, it’s doing much better than the Dow Jones Industrial Average.
The company had a blowout first quarter, but some analysts are raising alarms about future earnings — even as some U.S. states start lifting coronavirus restrictions in hopes that the worst of the virus is behind us.
However, when you look at Intel’s position in the space, with $75 billion in annual revenue, gross profits of $42 billion, a reasonable price-earnings ratio of 11.6 and a solid dividend yield of 2.25%, it’s clear that this is a company that is is a stable earner that is well-positioned to push through the coming months.
Intel stock gets a strong “A” rating in my Portfolio Grader, and because it’s a good dividend stock, it also earns a “B” rating in my Dividend Grader tool.
Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.
The post Why Intel Stock Provides Solid Stability In These Less Stable Times 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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Here’s a closer look at this California-based giant, whose products are best known for powering HP (NYSE:HPQ) and Dell (NYSE:DELL) computers. Intel released first-quarter earnings in April that provided insight into those questions, but for some reason, some analysts remain skeptical about the world’s second-largest semiconductor company. Morgan Stanley analyst Joseph Moore has an “overweight” rating on Intel, but noted the company is already close to his $61 price target and faces stiffening competition.
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Here’s a closer look at this California-based giant, whose products are best known for powering HP (NYSE:HPQ) and Dell (NYSE:DELL) computers. First-quarter earnings posted on April 23 included revenue of $19.83 billion, beating analysts’ expectations of $18.7 billion. Intel says it’s expecting $18.5 billion in the second quarter at earnings per share of $1.10, versus analysts’ expectations of $17.97 billion and earnings of $1.19 per share.
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Here’s a closer look at this California-based giant, whose products are best known for powering HP (NYSE:HPQ) and Dell (NYSE:DELL) computers. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The big question surrounding Intel (NASDAQ:INTC) stock these days has nothing to do with the company itself. Intel Stock at a Glance Returns for Intel stock over the first four months of the year have been a veritable wash — after a 14% gain and a 25% loss, Intel has battled back in recent weeks to finish April at almost the same place it started the year.
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Here’s a closer look at this California-based giant, whose products are best known for powering HP (NYSE:HPQ) and Dell (NYSE:DELL) computers. And how will that weigh on semiconductor profits for the rest of the year, and perhaps even into 2021? First-quarter earnings posted on April 23 included revenue of $19.83 billion, beating analysts’ expectations of $18.7 billion.
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51e56cbd-ef52-4e1e-8cbd-06c20c625e50
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726173.0
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2020-05-01 00:00:00 UTC
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Look Under The Hood: FTHI Has 15% Upside
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DELL
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https://www.nasdaq.com/articles/look-under-the-hood%3A-fthi-has-15-upside-2020-05-01
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust BuyWrite Income ETF (Symbol: FTHI), we found that the implied analyst target price for the ETF based upon its underlying holdings is $21.59 per unit.
With FTHI trading at a recent price near $18.81 per unit, that means that analysts see 14.79% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FTHI's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), Northrop Grumman Corp (Symbol: NOC), and DTE Energy Co (Symbol: DTE). Although DELL has traded at a recent price of $42.69/share, the average analyst target is 22.02% higher at $52.09/share. Similarly, NOC has 19.45% upside from the recent share price of $330.67 if the average analyst target price of $395.00/share is reached, and analysts on average are expecting DTE to reach a target price of $123.56/share, which is 19.10% above the recent price of $103.74. Below is a twelve month price history chart comparing the stock performance of DELL, NOC, and DTE:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
First Trust BuyWrite Income ETF FTHI $18.81 $21.59 14.79%
Dell Technologies Inc DELL $42.69 $52.09 22.02%
Northrop Grumman Corp NOC $330.67 $395.00 19.45%
DTE Energy Co DTE $103.74 $123.56 19.10%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although DELL has traded at a recent price of $42.69/share, the average analyst target is 22.02% higher at $52.09/share. First Trust BuyWrite Income ETF FTHI $18.81 $21.59 14.79% Dell Technologies Inc DELL $42.69 $52.09 22.02% Northrop Grumman Corp NOC $330.67 $395.00 19.45% DTE Energy Co DTE $103.74 $123.56 19.10% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of FTHI's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), Northrop Grumman Corp (Symbol: NOC), and DTE Energy Co (Symbol: DTE).
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Three of FTHI's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), Northrop Grumman Corp (Symbol: NOC), and DTE Energy Co (Symbol: DTE). First Trust BuyWrite Income ETF FTHI $18.81 $21.59 14.79% Dell Technologies Inc DELL $42.69 $52.09 22.02% Northrop Grumman Corp NOC $330.67 $395.00 19.45% DTE Energy Co DTE $103.74 $123.56 19.10% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although DELL has traded at a recent price of $42.69/share, the average analyst target is 22.02% higher at $52.09/share.
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Three of FTHI's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), Northrop Grumman Corp (Symbol: NOC), and DTE Energy Co (Symbol: DTE). Although DELL has traded at a recent price of $42.69/share, the average analyst target is 22.02% higher at $52.09/share. Below is a twelve month price history chart comparing the stock performance of DELL, NOC, and DTE: Below is a summary table of the current analyst target prices discussed above:
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Three of FTHI's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), Northrop Grumman Corp (Symbol: NOC), and DTE Energy Co (Symbol: DTE). Although DELL has traded at a recent price of $42.69/share, the average analyst target is 22.02% higher at $52.09/share. Below is a twelve month price history chart comparing the stock performance of DELL, NOC, and DTE: Below is a summary table of the current analyst target prices discussed above:
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48861a55-1db4-40aa-9381-b51411291136
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726174.0
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2020-04-16 00:00:00 UTC
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Surging Demand for PCs Isn't Boosting HP's Revenue Yet
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DELL
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https://www.nasdaq.com/articles/surging-demand-for-pcs-isnt-boosting-hps-revenue-yet-2020-04-16
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nan
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nan
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The COVID-19 crisis is sparking robust demand for PCs as more people work and study from home, but PC makers still can't produce enough units to meet it. The ongoing chip shortage at Intel (NASDAQ: INTC) and the disruption of supply chains in China throttled the global production of PCs, and the abrupt spike in demand exacerbated the shortage.
As a result, global PC shipments actually fell 8% annually in the first quarter, according to Canalys, marking the industry's worst first quarter since 2016. That's particularly bad news for HP (NYSE: HPQ), which had been counting on a turnaround in the PC market to offset its other woes.
Image source: HP.
What happened to HP?
HP's stock tumbled roughly 30% over the past two months, as the pandemic slammed markets and Xerox (NYSE: XRX) abandoned its hostile takeover bid. Without Xerox's offer of $24 per share keeping the bulls engaged, HP's stock fell amid festering concerns about the company's PC and printing businesses.
HP's personal systems (PCs and workstations) business remained broadly stable over the past year, but its printing revenue declined as customers postponed their upgrades. Sales of higher-margin printing supplies, its biggest profit engine, also dwindled amid competition from cheaper generic ink and toner makers.
REVENUE GROWTH (YOY)
BY SEGMENT
Q1 2019
Q2 2019
Q3 2019
Q4 2019
Q1 2020
Personal systems
2%
2%
3%
4%
2%
Printers
0%
(2%)
(5%)
(6%)
(7%)
Total
1%
0%
0%
0%
(1%)
Data source: HP quarterly reports. YOY = Year over year.
Dashing the bulls' hopes for a recovery
The bulls likely hoped HP's PC business would generate accelerating revenue growth as more people worked from home. However, Canalys estimates HP's shipments declined 14% annually to 11.7 million as its market share dropped from 23.3% to 21.8% -- putting it in second place between Lenovo (OTC: LNVGY) and Dell Technologies (NYSE: DELL).
However, Lenovo and Dell both grew their market shares as HP's declined. Lenovo's shipments dipped only 4% to 12.8 million, and its market share rose from 23% to 23.9%. Dell's shipments rose 1% to 10.5 million, and its market share expanded from 17.8% to 19.6%.
In short, HP's top rivals aren't struggling as much with Intel's chip shortage and coronavirus-induced supply chain issues. Xerox's takeover bid likely distracted HP over the past few months, and CEO Enrique Lores -- the former printing unit chief, who succeeded CEO Dion Weisler in late 2019 -- might be struggling to keep pace with Lenovo, Dell, and others in the crowded PC market.
To fend off Xerox, HP adopted a poison pill plan and boosted its buyback plan by $5 billion to $15 billion. The prioritization of buybacks over the development of new PC and printing products was troubling, and indicated the company was running out of fresh ideas.
Is HP just off to a rough start?
At the end of February, HP expected its CPU shortages to persist in the first quarter as its other component prices rose sequentially -- which suggested its PC unit's revenue and margins could decline in its fiscal second quarter.
HP might merely be off to a rough start in 2020, but we should recall that former CEO Dion Weisler -- who led the company after its split with Hewlett-Packard Enterprise (NYSE: HPE) in 2015 -- previously led the personal systems business.
Image source: HP.
Under Weisler, HP pivoted away from low-end devices and produced pricier but more appealing devices like its Spectre and Omen laptops. Lores, who seems more interested in cutting costs and repurchasing shares, hasn't presented a clear roadmap for the future of HP's PC business yet.
HP's PC business should recover as Intel resolves its chip shortages and its supply chains come back online, but demand for new PCs could wane again as the pandemic ends and more people go back to work.
Canalys analyst Ishan Dutt warned "the spike in PC demand seen in Q1 is not likely to be sustained" and the "rest of the year looks less positive." Dutt also expects to see a "significant downturn in demand" in the second quarter.
Don't jump to conclusions yet
Canalys' first-quarter numbers don't look good for HP, but investors shouldn't jump to conclusions yet. HP's shipments might have accelerated in recent weeks after China eased its lockdown measures, and its fiscal second-quarter numbers might look better than Canalys' estimates. Nonetheless, investors should still consider this report to be another red flag for HP, which could face significant challenges as the global recession deepens.
10 stocks we like better than HP
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See the 10 stocks
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Leo Sun has no position in any of the stocks mentioned. The Motley Fool recommends Intel. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, Canalys estimates HP's shipments declined 14% annually to 11.7 million as its market share dropped from 23.3% to 21.8% -- putting it in second place between Lenovo (OTC: LNVGY) and Dell Technologies (NYSE: DELL). However, Lenovo and Dell both grew their market shares as HP's declined. Dell's shipments rose 1% to 10.5 million, and its market share expanded from 17.8% to 19.6%.
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However, Canalys estimates HP's shipments declined 14% annually to 11.7 million as its market share dropped from 23.3% to 21.8% -- putting it in second place between Lenovo (OTC: LNVGY) and Dell Technologies (NYSE: DELL). Xerox's takeover bid likely distracted HP over the past few months, and CEO Enrique Lores -- the former printing unit chief, who succeeded CEO Dion Weisler in late 2019 -- might be struggling to keep pace with Lenovo, Dell, and others in the crowded PC market. However, Lenovo and Dell both grew their market shares as HP's declined.
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Xerox's takeover bid likely distracted HP over the past few months, and CEO Enrique Lores -- the former printing unit chief, who succeeded CEO Dion Weisler in late 2019 -- might be struggling to keep pace with Lenovo, Dell, and others in the crowded PC market. However, Canalys estimates HP's shipments declined 14% annually to 11.7 million as its market share dropped from 23.3% to 21.8% -- putting it in second place between Lenovo (OTC: LNVGY) and Dell Technologies (NYSE: DELL). However, Lenovo and Dell both grew their market shares as HP's declined.
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However, Canalys estimates HP's shipments declined 14% annually to 11.7 million as its market share dropped from 23.3% to 21.8% -- putting it in second place between Lenovo (OTC: LNVGY) and Dell Technologies (NYSE: DELL). However, Lenovo and Dell both grew their market shares as HP's declined. Dell's shipments rose 1% to 10.5 million, and its market share expanded from 17.8% to 19.6%.
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da0e36d0-2681-43bd-a524-9a80c0aafc2e
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726175.0
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2020-04-16 00:00:00 UTC
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The Good News, and Bad News, for PC Makers
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DELL
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https://www.nasdaq.com/articles/the-good-news-and-bad-news-for-pc-makers-2020-04-16
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nan
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nan
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Talk about a bitter irony. For the first time in years the personal computer industry saw a surge in demand, thanks to millions of people suddenly forced to work away from their offices. But the same coronavirus that has them stuck at home has also shut down the industry's supply and distribution chains. Net result? PC sales slumped last quarter -- by a lot.
It's not necessarily the end of the world. Once the dust settles, names like Dell Technologies, HP, and Apple are expected to find a fairly robust work-at-home market waiting for them. Unfortunately, making those provisions for the future is still apt to be a one-off wave in buying.
Two rivals agree on one thing
Technology market research outfits IDC and Gartner separately crunched the numbers but came to the same basic conclusions. IDC reckons personal computer sales -- which include laptops and notebooks -- fell 9.8% during the first quarter, while Gartner's math pegs the figure at a similar 12.3% decline.
Image source: Getty Images.
Both named the same culprit, too. The COVID-19 pandemic that first took hold in China late last year and finally rattled North America beginning in late February has spurred shutdowns of all sorts -- factories, offices, and retail, just to name a few.
The detailed vendor breakdowns from each research house also aligned quite well, with both noting Dell's likely increase in unit shipments, and with both research outfits suggesting Apple and HP were hit harder than most.
IDC's PC shipment estimates
COMPANY 1Q-2020 UNIT SHIPMENTS 1Q-2020 MARKET SHARE 1Q-2019 UNIT SHIPMENTS 1Q-2019 MARKET SHARE YOY GROWTH/ (REDUCTION)
Lenovo (OTC: LNVGY) 12,830 24.1% 13,413 22.7% (4.3%)
HP (NYSE: HPQ) 11,701 22% 13,573 23% (13.8%)
Dell Technologies (NYSE: DELL) 10,495 19.7% 10,379 17.6% 1.1%
Apple (NASDAQ: AAPL) 3,092 5.8% 3,896 6.6% (20.7%)
Acer Group 3,364 6.3% 3,733 6.3% (9.9%)
Others 11,757 22.1% 14,019 23.8% (16.1%)
Total 53,238 100% 59,013 100% (9.8%)
Data source: IDC. Unit data is in thousands. YOY=Year-over-year.
Gartner's PC shipment estimates
COMPANY 1Q-2020 UNIT SHIPMENTS 1Q-2020 MARKET SHARE 1Q-2019 UNIT SHIPMENTS 1Q-2019 MARKET SHARE YOY GROWTH/ (REDUCTION)
Lenovo 12,613 24.4% 13,026 22.1% (3.2%)
HP 11,114 21.5% 12,648 21.5% (12.1%)
Dell Technologies 10,158 19.7% 9,944 16.9% 2.2%
Apple 3,555 6.9% 3,791 6.4% (6.2%)
Acer Group 2,900 5.6% 3,322 5.6% (12.7%)
ASUS 2,603 5% 3,526 6% (26.2%)
Others 8,693 16.8% 12,604 21.4% (31%)
Total 51,637 100% 58,860 100% (12.3%)
Data source: Gartner. Unit data is in thousands. YOY=Year-over-year.
Although none of the listed companies is entirely dependent on PC sales for revenue, the data suggests all of these names could be poised to report disappointing quarterly results in the near future. No surprises there. It's what may (or may not) happen later this year that will keep investors on edge for the remainder of 2019.
Last gasp?
Both Gartner and IDC agreed that how work is done in the future could be forever altered once the coronavirus contagion is in the rearview mirror. IDC's Devices and Displays research vice president Linn Huang commented:
Businesses that once primarily kept their users on campus will have to invest in remote infrastructure, at the very least, for continuity purposes. Consumers stuck at home have had to come to terms with how important it is to keep tech up to date. This should provide a steady, long-range tailwind for PC and monitor markets, among other categories.
Gartner's research director Mikako Kitagawa said, "Once coronavirus-related lockdowns expanded to other regions, there were new, sudden pockets of PC demand for remote workers and online classrooms that PC manufacturers could not keep up with."
It was something else Kitagawa suggested that throws cold water on the budding optimism surrounding the personal computer market, however. She went on to explain:
This quarter's vendor results underscore the growing economic uncertainties that are tightening PC spending, especially among small and midsize businesses. This uncertainty, coupled with the end of the Windows 10 upgrade peak, is causing enterprises to shift their IT budgets away from PCs and toward strategic business continuity planning. We will start seeing enterprises and consumers alike extending their PC life cycles on a more permanent basis as they focus on preserving cash."
She's right. Many companies will likely make sure they're never caught unable to get work done remotely again. But once that safety net is put in place with adequate computers stationed at key employees' homes, there's no real encore for the PC industry.
You may recall personal computer sales struggled to muster measurable growth last year even with the looming end of support for Windows 7. Kitagawa expressed concern with Gartner's 2019 PC market analysis that -- without any major PC performance innovations -- older computers now running Windows 10 have several more years of useful life ahead. Any new computer purchases coming out of the coronavirus slowdown may be the proverbial "last hurrah" for what was a relatively feeble PC sales/upgrade cycle.
Putting it all together
The stage is set for impressive PC sales in Q2 and likely into Q3, depending on when the industry and its suppliers can get back to work, and how quickly they can work once they do. Once the world is equipped for the next unknown that keeps employees at home rather than in the actual workplace though, there's not a whole lot left to buy. In fact, it stands to reason that spending on work-at-home technology may be counted as overdue upgrades of existing personal computers.
That scenario once again makes it difficult to see personal computer brands as compelling long-term investments.
10 stocks we like better than Dell Technologies Inc.
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*Stock Advisor returns as of March 18, 2020
James Brumley has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Apple. The Motley Fool recommends Gartner. 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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Once the dust settles, names like Dell Technologies, HP, and Apple are expected to find a fairly robust work-at-home market waiting for them. The detailed vendor breakdowns from each research house also aligned quite well, with both noting Dell's likely increase in unit shipments, and with both research outfits suggesting Apple and HP were hit harder than most. Dell Technologies (NYSE: DELL) 10,495 19.7% 10,379 17.6% 1.1% Apple (NASDAQ: AAPL) 3,092 5.8% 3,896 6.6% (20.7%) Acer Group 3,364 6.3% 3,733 6.3% (9.9%) Others 11,757 22.1% 14,019 23.8% (16.1%) Total 53,238 100% 59,013 100% (9.8%) Data source: IDC.
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Dell Technologies (NYSE: DELL) 10,495 19.7% 10,379 17.6% 1.1% Apple (NASDAQ: AAPL) 3,092 5.8% 3,896 6.6% (20.7%) Acer Group 3,364 6.3% 3,733 6.3% (9.9%) Others 11,757 22.1% 14,019 23.8% (16.1%) Total 53,238 100% 59,013 100% (9.8%) Data source: IDC. Dell Technologies 10,158 19.7% 9,944 16.9% 2.2% Apple 3,555 6.9% 3,791 6.4% (6.2%) Acer Group 2,900 5.6% 3,322 5.6% (12.7%) Once the dust settles, names like Dell Technologies, HP, and Apple are expected to find a fairly robust work-at-home market waiting for them.
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Dell Technologies (NYSE: DELL) 10,495 19.7% 10,379 17.6% 1.1% Apple (NASDAQ: AAPL) 3,092 5.8% 3,896 6.6% (20.7%) Acer Group 3,364 6.3% 3,733 6.3% (9.9%) Others 11,757 22.1% 14,019 23.8% (16.1%) Total 53,238 100% 59,013 100% (9.8%) Data source: IDC. Once the dust settles, names like Dell Technologies, HP, and Apple are expected to find a fairly robust work-at-home market waiting for them. The detailed vendor breakdowns from each research house also aligned quite well, with both noting Dell's likely increase in unit shipments, and with both research outfits suggesting Apple and HP were hit harder than most.
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The detailed vendor breakdowns from each research house also aligned quite well, with both noting Dell's likely increase in unit shipments, and with both research outfits suggesting Apple and HP were hit harder than most. 10 stocks we like better than Dell Technologies Inc. Once the dust settles, names like Dell Technologies, HP, and Apple are expected to find a fairly robust work-at-home market waiting for them.
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6b5f2833-bf90-42b6-9a8e-7295dc95f7ad
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726176.0
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2020-04-13 00:00:00 UTC
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Dell Technologies Larger Than S&P 500 Component Concho Resources
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DELL
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https://www.nasdaq.com/articles/dell-technologies-larger-than-sp-500-component-concho-resources-2020-04-13
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nan
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nan
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Dell Technologies Inc (Symbol: DELL) was identified as having a larger market cap than the smaller end of the S&P 500, for example Concho Resources Inc (Symbol: CXO), according to The Online Investor.
Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much — that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true "apples-to-apples" comparison of the value of two stocks. In the case of Dell Technologies Inc (Symbol: DELL), the market cap is now $10.25B, versus Concho Resources Inc (Symbol: CXO) at $10.24B.
Below is a three month price history chart comparing the stock performance of DELL vs. CXO (Note that we have found 8 splits in the DELL split history):
Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). This can have a direct impact on which indices will include the stock, and which mutual funds and ETFs are willing to own the stock. For instance, a mutual fund that is focused solely on Large Cap stocks may for example only be interested in those companies sized $10 billion or larger. Another illustrative example is the S&P MidCap index which essentially takes the S&P 500 index and "tosses out" the biggest 100 companies so as to focus solely on the 400 smaller "up-and-comers" (which in the right environment can outperform their larger rivals). And ETFs that directly follow an index like the S&P 500 will only own the underlying component of that index, selling companies that lose their status as an S&P 500 company, and buying companies when they are added to the index. So a company's market cap, especially in relation to other companies, carries great importance, and for this reason we at TheOnlineInvestor.com find value to putting together these looks at comparative market capitalization daily.
Examine the full DELL market cap history vs. the full CXO market cap history.
At the closing bell, DELL is off about 2.6%, while CXO is off about 1.3% on the day Monday.
The 20 Largest U.S. Companies By Market Capitalization »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a three month price history chart comparing the stock performance of DELL vs. CXO (Note that we have found 8 splits in the DELL split history): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Dell Technologies Inc (Symbol: DELL) was identified as having a larger market cap than the smaller end of the S&P 500, for example Concho Resources Inc (Symbol: CXO), according to The Online Investor. In the case of Dell Technologies Inc (Symbol: DELL), the market cap is now $10.25B, versus Concho Resources Inc (Symbol: CXO) at $10.24B.
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Dell Technologies Inc (Symbol: DELL) was identified as having a larger market cap than the smaller end of the S&P 500, for example Concho Resources Inc (Symbol: CXO), according to The Online Investor. In the case of Dell Technologies Inc (Symbol: DELL), the market cap is now $10.25B, versus Concho Resources Inc (Symbol: CXO) at $10.24B. Examine the full DELL market cap history vs. the full CXO market cap history.
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Dell Technologies Inc (Symbol: DELL) was identified as having a larger market cap than the smaller end of the S&P 500, for example Concho Resources Inc (Symbol: CXO), according to The Online Investor. Below is a three month price history chart comparing the stock performance of DELL vs. CXO (Note that we have found 8 splits in the DELL split history): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the case of Dell Technologies Inc (Symbol: DELL), the market cap is now $10.25B, versus Concho Resources Inc (Symbol: CXO) at $10.24B.
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In the case of Dell Technologies Inc (Symbol: DELL), the market cap is now $10.25B, versus Concho Resources Inc (Symbol: CXO) at $10.24B. Examine the full DELL market cap history vs. the full CXO market cap history. In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Dell Technologies Inc (Symbol: DELL) was identified as having a larger market cap than the smaller end of the S&P 500, for example Concho Resources Inc (Symbol: CXO), according to The Online Investor.
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52917c3e-9ae7-4c2e-b997-ea29f38f8b2f
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726177.0
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2020-04-10 00:00:00 UTC
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Microsoft's Boldest Product in Years Might Not Come This Year After All
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DELL
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https://www.nasdaq.com/articles/microsofts-boldest-product-in-years-might-not-come-this-year-after-all-2020-04-10
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nan
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nan
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Late last year at Microsoft's (NASDAQ: MSFT) annual fall product event, the enterprise-software juggernaut teased two new product prototypes that were scheduled to ship in late 2020: the Surface Neo and Surface Duo. The devices have similar form factors, each featuring a folding design with two displays. The Duo is an Android phone -- Microsoft would prefer that you don't call it a phone -- while the Neo is essentially a foldable tablet that runs Windows 10X, a specialized version of Microsoft's flagship operating system.
That bold vision for the future of computing is now reportedly getting delayed due to the coronavirus outbreak.
Microsoft Surface Neo. Image source: Microsoft.
Software is hard
ZDNet reports that Microsoft is delaying the Neo, which won't be ready to ship by the 2020 holiday season as originally planned. The delay was also corroborated by CNBC. The issue doesn't appear to be related to hardware constraints or supply chain disruptions, as much of the consumer electronics supply chain is being resurrected in China as the country has seemingly overcome the coronavirus.
Instead, development of Windows 10X is running into hurdles. The variant is designed to enable dual-screen PCs, but Chief Product Officer Panos Panay reportedly sent an internal memo that Windows 10X won't be ready to ship this year. As a result, Microsoft's engineering teams are now focusing on getting the operating system to work on single-screen devices first, according to ZDNet. That would include hybrids and convertible form factors, as well as regular clamshell laptops.
That also means that third-party dual-screen devices won't be seeing the light of day in 2020, either. Microsoft had previously said that third-party manufacturers like ASUS, Dell, HP, and Lenovo were onboard to release dual-screen Windows 10X products by this fall.
The Duo's timeline doesn't appear to be affected quite yet, which would make sense since the smartphone will run on Android instead of Windows 10X. A few months back, Microsoft released developer tools for the Duo. The tech giant's re-entry into the smartphone market might still be on track.
Microsoft had warned in February that its personal computing segment would fall short of guidance due to the impacts of COVID-19, as the supply chain was taking longer than expected to return to normal.
A dual-screen future
Windows 10X lays out Microsoft's direction for where it thinks computing should go in the years ahead, and comes just as longtime rival Apple (NASDAQ: AAPL) is embracing hybrid form factors like never before. In one of its biggest changes to the iPad to date, the Mac maker recently added cursor (trackpad and mouse) support to iPadOS. The forthcoming Magic Keyboard for iPad is among Apple's most aggressive moves to position its tablet as a true laptop replacement.
If Windows 10X dual-screen devices eventually prove to be commercially successful in a few years, will Apple follow in Microsoft's footsteps once again?
10 stocks we like better than Microsoft
When investing geniuses David and Tom Gardner have 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.*
David and Tom 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 March 18, 2020
Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Evan Niu, CFA owns shares of Apple. The Motley Fool owns shares of and recommends Apple and Microsoft and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Microsoft had previously said that third-party manufacturers like ASUS, Dell, HP, and Lenovo were onboard to release dual-screen Windows 10X products by this fall. The variant is designed to enable dual-screen PCs, but Chief Product Officer Panos Panay reportedly sent an internal memo that Windows 10X won't be ready to ship this year. Microsoft had warned in February that its personal computing segment would fall short of guidance due to the impacts of COVID-19, as the supply chain was taking longer than expected to return to normal.
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Microsoft had previously said that third-party manufacturers like ASUS, Dell, HP, and Lenovo were onboard to release dual-screen Windows 10X products by this fall. Software is hard ZDNet reports that Microsoft is delaying the Neo, which won't be ready to ship by the 2020 holiday season as originally planned. That also means that third-party dual-screen devices won't be seeing the light of day in 2020, either.
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Microsoft had previously said that third-party manufacturers like ASUS, Dell, HP, and Lenovo were onboard to release dual-screen Windows 10X products by this fall. The Duo is an Android phone -- Microsoft would prefer that you don't call it a phone -- while the Neo is essentially a foldable tablet that runs Windows 10X, a specialized version of Microsoft's flagship operating system. A dual-screen future Windows 10X lays out Microsoft's direction for where it thinks computing should go in the years ahead, and comes just as longtime rival Apple (NASDAQ: AAPL) is embracing hybrid form factors like never before.
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Microsoft had previously said that third-party manufacturers like ASUS, Dell, HP, and Lenovo were onboard to release dual-screen Windows 10X products by this fall. The Duo is an Android phone -- Microsoft would prefer that you don't call it a phone -- while the Neo is essentially a foldable tablet that runs Windows 10X, a specialized version of Microsoft's flagship operating system. Software is hard ZDNet reports that Microsoft is delaying the Neo, which won't be ready to ship by the 2020 holiday season as originally planned.
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0a5fc81f-6563-4b84-a69a-c42bf09f22b0
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726178.0
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2020-04-08 00:00:00 UTC
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Investors Don’t Need General Electric Stock
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DELL
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https://www.nasdaq.com/articles/investors-dont-need-general-electric-stock-2020-04-08
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In previous economic crises, investors would pile into General Electric (NYSE:GE) stock.
Source: testing / Shutterstock.com
It was a symbol of financial strength in the year 2000’s dot-com bomb. It was still a “systematically important” financial institution during the 2008 crisis.
Today, you don’t need GE stock. It’s just another troubled industrial firm.
General Electric opened for trade April 7 at about $7.70 per share. That’s down from a February high of over $13, but up from a March low of about $6. The market capitalization is now about $62 billion.
GE stock no longer has a price-earnings ratio because it no longer has earnings. Its nominal dividend of 1 cent per share now represents a yield of 0.6%.
General Electric Is Still an Industrial Giant
The most interesting thing about GE today is its price-sales ratio. The company had revenue of $95 billion last year, which was more than Dell Technologies (NYSE:DELL). At its present valuation, the price-sales ratio is 0.65.
GE still makes important things. The GE Healthcare unit makes medical devices so, yes, it makes ventilators. Its renewable energy unit, which makes windmills, is now a significant part of the business. The GE Power unit, the center of its past troubles, had $302 million of net income last year.
7 Retail Stocks to Keep Your Distance From
The star of the show was GE Aviation, which makes jet engines. The unit represented 34% of sales last year.
The Boeing (NYSE:BA) 737-Max scandal slowed the unit in 2019. The novel coronavirus has kicked it to the curb. CEO Larry Culp had to furlough half the staff. This came after laying off 10% of the workers earlier. The union wants to make ventilators, but a jet engine plant is not a ventilator plant. GE Healthcare is increasing ventilator supplies with help from Ford (NYSE:F), ramping up a simplified version of an existing design.
The Balance Sheet Hurts GE Stock
GE stock was taken down by its balance sheet.
Last August Harry Markopolos, best known for blowing the whistle on Bernie Madoff, predicted its opaque balance sheet could sink the company.
Culp has made the balance sheet less opaque, but it’s still a horror show. At the end of December, it showed $91 billion in loans and almost $32 billion in pension obligations. There was also almost $40 billion of exposure to long-term care reinsurance sold under the late Jack Welch in the 1990s. The exposure number is an estimate. It was $35.6 billion at the end of 2018.
The best thing Culp has done for the balance sheet was to sell the biopharma units of GE Healthcare to Danaher (NYSE:DHR). He was Danaher’s CEO before “retiring” to Harvard Business School, from which GE recruited him in 2018. The deal puts $20 billion against the debt.
An analyst from Gordon Haskett thinks GE must still raise more equity capital to stay afloat through the crisis. An equity raise would water down existing shareholders.
Despite GE’s improved balance sheet, its latest debt offering costs more than the one it replaced. This comes at a time when banks are getting money for nothing.
The Bottom Line on General Electric
GE today reminds me of the Spirit of St. Louis, overloaded on the runway, fighting to get over the trees and fly to Paris.
I root for it. GE is a big exporter, a famous name in business history.
I disagree with InvestorPlace’s Larry Ramer, who recently called GE a good long-term play, believing another equity raise won’t be needed. GE stock could rise substantially if we’re through the worst of the pandemic.
But this is a time for you to do triage, not reach for value. As InvestorPlace analyst Matt McCall recently wrote, GE is too speculative right now for long-term investors. There are better plays out there, companies with strong balance sheets and brighter prospects. Companies like Dell.
Root for GE stock from the sidelines.
Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of the environmental thriller Bridget O’Flynn and the Bear, available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story.
The post Investors Don’t Need General Electric Stock appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company had revenue of $95 billion last year, which was more than Dell Technologies (NYSE:DELL). Companies like Dell. Last August Harry Markopolos, best known for blowing the whistle on Bernie Madoff, predicted its opaque balance sheet could sink the company.
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The company had revenue of $95 billion last year, which was more than Dell Technologies (NYSE:DELL). Companies like Dell. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In previous economic crises, investors would pile into General Electric (NYSE:GE) stock.
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The company had revenue of $95 billion last year, which was more than Dell Technologies (NYSE:DELL). Companies like Dell. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In previous economic crises, investors would pile into General Electric (NYSE:GE) stock.
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The company had revenue of $95 billion last year, which was more than Dell Technologies (NYSE:DELL). Companies like Dell. General Electric Is Still an Industrial Giant The most interesting thing about GE today is its price-sales ratio.
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5d0c8763-5495-40c7-8728-eb44b8f49312
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726179.0
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2020-04-07 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Activision Blizzard, Gilead Sciences, Royal Caribbean, Kohl's
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DELL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-activision-blizzard-gilead-sciences-royal-caribbean-kohls
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
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Wall Street rose on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures to contain the outbreak were working. .N
At 12:21 p.m. ET, the Dow Jones Industrial Average .DJI was up 3.36% at 23,441.6. The S&P 500 .SPX was up 2.98% at 2,743.15 and the Nasdaq Composite .IXIC was up 2.30% at 8,095.069. The top three S&P 500 .PG.INX percentage gainers: ** Kohl's Corp , up 29.1% ** Royal Caribbean , up 26% ** Capri Holdings Ltd , up 25.9% The top three S&P 500 .PL.INX percentage losers: ** Gilead Sciences , down 3% ** Activision Blizzard , down 2.6% ** Otis Worldwide Corp , down 2.2% The top three NYSE .PG.N percentage gainers: ** Sasol Ltd , up 76.4% ** Caleres Inc , up 57.7% ** Western Asset Mortgage Capital , up 48.2% The top NYSE .PL.N percentage loser: ** Cambria Cannabis Etf , down 29.4% The top three Nasdaq .PG.O percentage gainers: ** Youngevity International , up 193.1% ** Pluristem Therapeutics , up 49.1% ** G-III Apparel Group , up 36.6% The top Nasdaq .PL.O percentage losers: ** Seachange International , down 24% ** Golar LNG , down 18.6% ** Darden Restaurants DRI.N: up 14%
Darden restaurants: Rises on pay cuts for top executives, new term loan ** Syneos Health SYNH.O: up 1.9%
Syneos Health: Rises as Q1 earnings on track to meet targets ** Golar LNG GLNG.O: down 17.6%
Golar LNG: Sinks after BP claims force majeure due to pandemic ** Constellation Brands STZ.N: up 9.1%
Constellation Brands shoots higher after rating upgrade ** Wingstop WING.O: up 12.1%
Wingstop: Rises on strong Q1 sales amid coronavirus disruptions ** Akers Biosciences AKER.O: up 19.8%
Akers Biosciences: Jumps on $4.6 mln stock offer ** Broadcom Inc AVGO.O: up 4.1% ** Micron Technology MU.O: up 3.3% ** Microchip Technology MCHP.O: up 2.4% ** Applied Materials AMAT.O: up 4.9% ** Intel Corp INTC.O: up 4.3% ** Qualcomm Inc QCOM.O: up 3.5% ** Xilinx Inc XLNX.O: up 1.5%
Chip stocks gain on Samsung results ** Greenbrier GBX.N: up 17.4%
Railcar maker Greenbrier on track for best day in over 11 years after results ** Kroger Co KR.N: down 2.6% ** General Mills GIS.N: down 1.0% ** Campbell Soup CPB.N: up 0.5% ** Walmart WMT.N: down 0.1% ** Gilead Sciences GILD.O: down 4.4% ** Peloton Interactive PTON.O: down 3.8% ** Zoom Video Communications Inc ZM.O: down 5.0% ** Slack Technologies Inc WORK.N: down 2.8% ** Electronic Arts EA.O: down 0.6% ** Activision Blizzard ATVI.O: down 3.9%
Rally in 'stay-at-home' stocks runs out of steam ** Shopify SHOP.N: down 2.6%
Shopify: Slips as brokerage downgrades on slowing demand amid virus outbreak ** Cancer Genetics CGIX.O: down 15.4%
Cancer Genetics falls as co to delay filing annual report due to COVID-19 ** Hologic HOLX.O: up 5.7%
Hologic: Expects Q2 revenue above Street on diagnostic strength; shares rise ** Can-Fite Biopharma CANF.NC: up 1.9%
Can-Fite Biopharma: Rises on positive data from NASH study ** Two Harbors Investment Corp TWO.O: up 35.6% ** TPG RE Finance Trust TRTX.N: up 33.3% ** Chimera Investment Corp CIM.N: down 18.2%
Mortgage REITs jump amid broad market bounce ** Enphase Energy ENPH.O: up 9.1%
Enphase Energy: Up on solar inverter deal with France's Courant Naturel ** Nio NIO.N : up 11.5%
Tesla rival Nio rises on higher deliveries in March ** D.R. Horton DHI.N: up 4.0% ** Lennar LEN.N: up 4.9% ** Toll Brothers TOL.N: up 5.2% ** KB Home KBH.N: up 5.9% ** PulteGroup PHM.N: up 10.1%
U.S. homebuilders rise as D.R. Horton results underscore housing market resilience ** Baudax Bio Inc BXRX.O: up 2.9%
Baudax Bio Inc: Rises on launch of pain management drug in U.S. ** VF Corp VFC.N: up 6.6%
VF Corp: Up as co says to continue to pay dividend, draws down $1 bln credit ** Walgreens WBA.O: up 1.1%
Walgreens: Rises on expanding drive-thru coronavirus test sites ** Chimera Investment Corp CIM.N: down 18.2%
Chimera falls as mortgage REIT plans convertible debt offering, dividend cut ** Carnival Corp CCL.N: up 20.3% ** Royal Caribbean Cruises RCL.N: up 23.8% ** Norwegian Cruise Line Holdings NCLH.N: up 17.3% ** American Airlines AAL.O: up 17.5% ** Delta Air Lines DAL.N: up 6.4% ** United Airlines UAL.O: up 10.7% ** Hilton Worldwide HLT.N: up 7.1% ** Marriott International MAR.O: up 10.0% ** Hyatt Hotels H.N: up 5.4% ** MGM Resorts International MGM.N: up 11.7% ** Wynn Resorts WYNN.O: up 11.9% ** Las Vegas Sands LVS.N: up 7.2% ** Melco Resorts & Entertainment MLCO.O: up 0.5% ** Expedia EXPE.O: up 9.1% ** Booking Holdings Inc BKNG.O: up 5.0%
U.S. travel and casino stocks jump on signs of flattening coronavirus outbreak ** Exxon Mobil XOM.N: up 5.1%
Exxon Mobil cuts capex by 30%, shares rise ** Karyopharm Therapeutics KPTI.O: up 2.9%
Karyopharm Therapeutics: Rises on plans to test cancer drug in COVID-19 patients ** Edison Nation EDNT.O: up 9.2%
Edison Nation: Rises on launch of division to address demand surrounding COVID-19 ** Bristol Myers Squibb BMY.N: up 0.2% Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: up 2.2% Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 13.7% Gannett: Adopts poison pill plan ** Masco Corp MAS.N: up 7.6% Masco Corp: RBC upgrades to 'outperform' citing resilience during downturns ** Pluristem Therapeutics PSTI.O: up 42.5% Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 4.9% Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges
** Goldman Sachs GS.N: up 5.7% ** JPMorgan JPM.N: up 4.5% ** Citigroup C.N: up 6.0% ** Wells Fargo WFC.N: up 4.6% ** Bank of America BAC.N: up 5.9% ** Morgan Stanley MS.N: up 4.5% U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.5% Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 9.8% Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: down 2.8% Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 5.0% Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Valero Energy Corp VLO.N: up 7.1% Valero: JPM estimates quarterly loss on weak capture rates ** Gilead Sciences GILD.O: down 4.4% Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 5.3% HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 4.1% Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Berkshire Hathaway BRKa.N: up 2.6% ** Starbucks SBUX.O: up 4.1% Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 5.1% Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 2.44%
Consumer Discretionary
.SPLRCD
up 3.70%
Consumer Staples
.SPLRCS
up 2.12%
Energy
.SPNY
up 6.91%
Financial
.SPSY
up 4.79%
Health
.SPXHC
up 1.95%
Industrial
.SPLRCI
up 3.94%
Information Technology
.SPLRCT
up 2.15%
Materials
.SPLRCM
up 5.88%
Real Estate
.SPLRCR
up 3.72%
Utilities
.SPLRCU
up 2.24%
(Compiled by Sanjana Shivdas in Bengaluru)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Horton results underscore housing market resilience ** Baudax Bio Inc BXRX.O: up 2.9% Baudax Bio Inc: Rises on launch of pain management drug in U.S. ** VF Corp VFC.N: up 6.6% VF Corp: Up as co says to continue to pay dividend, draws down $1 bln credit ** Walgreens WBA.O: up 1.1% Walgreens: Rises on expanding drive-thru coronavirus test sites ** Chimera Investment Corp CIM.N: down 18.2% Chimera falls as mortgage REIT plans convertible debt offering, dividend cut ** Carnival Corp CCL.N: up 20.3% ** Royal Caribbean Cruises RCL.N: up 23.8% ** Norwegian Cruise Line Holdings NCLH.N: up 17.3% ** American Airlines AAL.O: up 17.5% ** Delta Air Lines DAL.N: up 6.4% ** United Airlines UAL.O: up 10.7% ** Hilton Worldwide HLT.N: up 7.1% ** Marriott International MAR.O: up 10.0% ** Hyatt Hotels H.N: up 5.4% ** MGM Resorts International MGM.N: up 11.7% ** Wynn Resorts WYNN.O: up 11.9% ** Las Vegas Sands LVS.N: up 7.2% ** Melco Resorts & Entertainment MLCO.O: up 0.5% ** Expedia EXPE.O: up 9.1% ** Booking Holdings Inc BKNG.O: up 5.0% U.S. travel and casino stocks jump on signs of flattening coronavirus outbreak ** Exxon Mobil XOM.N: up 5.1% Exxon Mobil cuts capex by 30%, shares rise ** Karyopharm Therapeutics KPTI.O: up 2.9% Karyopharm Therapeutics: Rises on plans to test cancer drug in COVID-19 patients ** Edison Nation EDNT.O: up 9.2% Edison Nation: Rises on launch of division to address demand surrounding COVID-19 ** Bristol Myers Squibb BMY.N: up 0.2% Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: up 2.2% Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 13.7% Gannett: Adopts poison pill plan ** Masco Corp MAS.N: up 7.6% Masco Corp: RBC upgrades to 'outperform' citing resilience during downturns ** Pluristem Therapeutics PSTI.O: up 42.5% Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 4.9% Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges ** Goldman Sachs GS.N: up 5.7% ** JPMorgan JPM.N: up 4.5% ** Citigroup C.N: up 6.0% ** Wells Fargo WFC.N: up 4.6% ** Bank of America BAC.N: up 5.9% ** Morgan Stanley MS.N: up 4.5% U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.5% Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 9.8% Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: down 2.8% Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 5.0% Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Valero Energy Corp VLO.N: up 7.1% Valero: JPM estimates quarterly loss on weak capture rates ** Gilead Sciences GILD.O: down 4.4% Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 5.3% HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 4.1% Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Berkshire Hathaway BRKa.N: up 2.6% ** Starbucks SBUX.O: up 4.1% Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 5.1% Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street rose on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures to contain the outbreak were working. The top three S&P 500 .PG.INX percentage gainers: ** Kohl's Corp , up 29.1% ** Royal Caribbean , up 26% ** Capri Holdings Ltd , up 25.9% The top three S&P 500 .PL.INX percentage losers: ** Gilead Sciences , down 3% ** Activision Blizzard , down 2.6% ** Otis Worldwide Corp , down 2.2% The top three NYSE .PG.N percentage gainers: ** Sasol Ltd , up 76.4% ** Caleres Inc , up 57.7% ** Western Asset Mortgage Capital , up 48.2% The top NYSE .PL.N percentage loser: ** Cambria Cannabis Etf , down 29.4% The top three Nasdaq .PG.O percentage gainers: ** Youngevity International , up 193.1% ** Pluristem Therapeutics , up 49.1% ** G-III Apparel Group , up 36.6% The top Nasdaq .PL.O percentage losers: ** Seachange International , down 24% ** Golar LNG , down 18.6% ** Darden Restaurants DRI.N: up 14% Darden restaurants: Rises on pay cuts for top executives, new term loan ** Syneos Health SYNH.O: up 1.9% Syneos Health: Rises as Q1 earnings on track to meet targets ** Golar LNG GLNG.O: down 17.6% Golar LNG: Sinks after BP claims force majeure due to pandemic ** Constellation Brands STZ.N: up 9.1% Constellation Brands shoots higher after rating upgrade ** Wingstop WING.O: up 12.1% Wingstop: Rises on strong Q1 sales amid coronavirus disruptions ** Akers Biosciences AKER.O: up 19.8% Akers Biosciences: Jumps on $4.6 mln stock offer ** Broadcom Inc AVGO.O: up 4.1% ** Micron Technology MU.O: up 3.3% ** Microchip Technology MCHP.O: up 2.4% ** Applied Materials AMAT.O: up 4.9% ** Intel Corp INTC.O: up 4.3% ** Qualcomm Inc QCOM.O: up 3.5% ** Xilinx Inc XLNX.O: up 1.5% Chip stocks gain on Samsung results ** Greenbrier GBX.N: up 17.4% Railcar maker Greenbrier on track for best day in over 11 years after results ** Kroger Co KR.N: down 2.6% ** General Mills GIS.N: down 1.0% ** Campbell Soup CPB.N: up 0.5% ** Walmart WMT.N: down 0.1% ** Gilead Sciences GILD.O: down 4.4% ** Peloton Interactive PTON.O: down 3.8% ** Zoom Video Communications Inc ZM.O: down 5.0% ** Slack Technologies Inc WORK.N: down 2.8% ** Electronic Arts EA.O: down 0.6% ** Activision Blizzard ATVI.O: down 3.9% Rally in 'stay-at-home' stocks runs out of steam ** Shopify SHOP.N: down 2.6% Shopify: Slips as brokerage downgrades on slowing demand amid virus outbreak ** Cancer Genetics CGIX.O: down 15.4% Cancer Genetics falls as co to delay filing annual report due to COVID-19 ** Hologic HOLX.O: up 5.7% Hologic: Expects Q2 revenue above Street on diagnostic strength; shares rise ** Can-Fite Biopharma CANF.NC: up 1.9% Can-Fite Biopharma: Rises on positive data from NASH study ** Two Harbors Investment Corp TWO.O: up 35.6% ** TPG RE Finance Trust TRTX.N: up 33.3% ** Chimera Investment Corp CIM.N: down 18.2% Mortgage REITs jump amid broad market bounce ** Enphase Energy ENPH.O: up 9.1% Enphase Energy: Up on solar inverter deal with France's Courant Naturel ** Nio NIO.N : up 11.5% Tesla rival Nio rises on higher deliveries in March ** D.R.
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Horton results underscore housing market resilience ** Baudax Bio Inc BXRX.O: up 2.9% Baudax Bio Inc: Rises on launch of pain management drug in U.S. ** VF Corp VFC.N: up 6.6% VF Corp: Up as co says to continue to pay dividend, draws down $1 bln credit ** Walgreens WBA.O: up 1.1% Walgreens: Rises on expanding drive-thru coronavirus test sites ** Chimera Investment Corp CIM.N: down 18.2% Chimera falls as mortgage REIT plans convertible debt offering, dividend cut ** Carnival Corp CCL.N: up 20.3% ** Royal Caribbean Cruises RCL.N: up 23.8% ** Norwegian Cruise Line Holdings NCLH.N: up 17.3% ** American Airlines AAL.O: up 17.5% ** Delta Air Lines DAL.N: up 6.4% ** United Airlines UAL.O: up 10.7% ** Hilton Worldwide HLT.N: up 7.1% ** Marriott International MAR.O: up 10.0% ** Hyatt Hotels H.N: up 5.4% ** MGM Resorts International MGM.N: up 11.7% ** Wynn Resorts WYNN.O: up 11.9% ** Las Vegas Sands LVS.N: up 7.2% ** Melco Resorts & Entertainment MLCO.O: up 0.5% ** Expedia EXPE.O: up 9.1% ** Booking Holdings Inc BKNG.O: up 5.0% U.S. travel and casino stocks jump on signs of flattening coronavirus outbreak ** Exxon Mobil XOM.N: up 5.1% Exxon Mobil cuts capex by 30%, shares rise ** Karyopharm Therapeutics KPTI.O: up 2.9% Karyopharm Therapeutics: Rises on plans to test cancer drug in COVID-19 patients ** Edison Nation EDNT.O: up 9.2% Edison Nation: Rises on launch of division to address demand surrounding COVID-19 ** Bristol Myers Squibb BMY.N: up 0.2% Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: up 2.2% Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 13.7% Gannett: Adopts poison pill plan ** Masco Corp MAS.N: up 7.6% Masco Corp: RBC upgrades to 'outperform' citing resilience during downturns ** Pluristem Therapeutics PSTI.O: up 42.5% Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 4.9% Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges ** Goldman Sachs GS.N: up 5.7% ** JPMorgan JPM.N: up 4.5% ** Citigroup C.N: up 6.0% ** Wells Fargo WFC.N: up 4.6% ** Bank of America BAC.N: up 5.9% ** Morgan Stanley MS.N: up 4.5% U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.5% Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 9.8% Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: down 2.8% Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 5.0% Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Valero Energy Corp VLO.N: up 7.1% Valero: JPM estimates quarterly loss on weak capture rates ** Gilead Sciences GILD.O: down 4.4% Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 5.3% HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 4.1% Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Berkshire Hathaway BRKa.N: up 2.6% ** Starbucks SBUX.O: up 4.1% Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 5.1% Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street rose on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures to contain the outbreak were working. The top three S&P 500 .PG.INX percentage gainers: ** Kohl's Corp , up 29.1% ** Royal Caribbean , up 26% ** Capri Holdings Ltd , up 25.9% The top three S&P 500 .PL.INX percentage losers: ** Gilead Sciences , down 3% ** Activision Blizzard , down 2.6% ** Otis Worldwide Corp , down 2.2% The top three NYSE .PG.N percentage gainers: ** Sasol Ltd , up 76.4% ** Caleres Inc , up 57.7% ** Western Asset Mortgage Capital , up 48.2% The top NYSE .PL.N percentage loser: ** Cambria Cannabis Etf , down 29.4% The top three Nasdaq .PG.O percentage gainers: ** Youngevity International , up 193.1% ** Pluristem Therapeutics , up 49.1% ** G-III Apparel Group , up 36.6% The top Nasdaq .PL.O percentage losers: ** Seachange International , down 24% ** Golar LNG , down 18.6% ** Darden Restaurants DRI.N: up 14% Darden restaurants: Rises on pay cuts for top executives, new term loan ** Syneos Health SYNH.O: up 1.9% Syneos Health: Rises as Q1 earnings on track to meet targets ** Golar LNG GLNG.O: down 17.6% Golar LNG: Sinks after BP claims force majeure due to pandemic ** Constellation Brands STZ.N: up 9.1% Constellation Brands shoots higher after rating upgrade ** Wingstop WING.O: up 12.1% Wingstop: Rises on strong Q1 sales amid coronavirus disruptions ** Akers Biosciences AKER.O: up 19.8% Akers Biosciences: Jumps on $4.6 mln stock offer ** Broadcom Inc AVGO.O: up 4.1% ** Micron Technology MU.O: up 3.3% ** Microchip Technology MCHP.O: up 2.4% ** Applied Materials AMAT.O: up 4.9% ** Intel Corp INTC.O: up 4.3% ** Qualcomm Inc QCOM.O: up 3.5% ** Xilinx Inc XLNX.O: up 1.5% Chip stocks gain on Samsung results ** Greenbrier GBX.N: up 17.4% Railcar maker Greenbrier on track for best day in over 11 years after results ** Kroger Co KR.N: down 2.6% ** General Mills GIS.N: down 1.0% ** Campbell Soup CPB.N: up 0.5% ** Walmart WMT.N: down 0.1% ** Gilead Sciences GILD.O: down 4.4% ** Peloton Interactive PTON.O: down 3.8% ** Zoom Video Communications Inc ZM.O: down 5.0% ** Slack Technologies Inc WORK.N: down 2.8% ** Electronic Arts EA.O: down 0.6% ** Activision Blizzard ATVI.O: down 3.9% Rally in 'stay-at-home' stocks runs out of steam ** Shopify SHOP.N: down 2.6% Shopify: Slips as brokerage downgrades on slowing demand amid virus outbreak ** Cancer Genetics CGIX.O: down 15.4% Cancer Genetics falls as co to delay filing annual report due to COVID-19 ** Hologic HOLX.O: up 5.7% Hologic: Expects Q2 revenue above Street on diagnostic strength; shares rise ** Can-Fite Biopharma CANF.NC: up 1.9% Can-Fite Biopharma: Rises on positive data from NASH study ** Two Harbors Investment Corp TWO.O: up 35.6% ** TPG RE Finance Trust TRTX.N: up 33.3% ** Chimera Investment Corp CIM.N: down 18.2% Mortgage REITs jump amid broad market bounce ** Enphase Energy ENPH.O: up 9.1% Enphase Energy: Up on solar inverter deal with France's Courant Naturel ** Nio NIO.N : up 11.5% Tesla rival Nio rises on higher deliveries in March ** D.R.
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Horton results underscore housing market resilience ** Baudax Bio Inc BXRX.O: up 2.9% Baudax Bio Inc: Rises on launch of pain management drug in U.S. ** VF Corp VFC.N: up 6.6% VF Corp: Up as co says to continue to pay dividend, draws down $1 bln credit ** Walgreens WBA.O: up 1.1% Walgreens: Rises on expanding drive-thru coronavirus test sites ** Chimera Investment Corp CIM.N: down 18.2% Chimera falls as mortgage REIT plans convertible debt offering, dividend cut ** Carnival Corp CCL.N: up 20.3% ** Royal Caribbean Cruises RCL.N: up 23.8% ** Norwegian Cruise Line Holdings NCLH.N: up 17.3% ** American Airlines AAL.O: up 17.5% ** Delta Air Lines DAL.N: up 6.4% ** United Airlines UAL.O: up 10.7% ** Hilton Worldwide HLT.N: up 7.1% ** Marriott International MAR.O: up 10.0% ** Hyatt Hotels H.N: up 5.4% ** MGM Resorts International MGM.N: up 11.7% ** Wynn Resorts WYNN.O: up 11.9% ** Las Vegas Sands LVS.N: up 7.2% ** Melco Resorts & Entertainment MLCO.O: up 0.5% ** Expedia EXPE.O: up 9.1% ** Booking Holdings Inc BKNG.O: up 5.0% U.S. travel and casino stocks jump on signs of flattening coronavirus outbreak ** Exxon Mobil XOM.N: up 5.1% Exxon Mobil cuts capex by 30%, shares rise ** Karyopharm Therapeutics KPTI.O: up 2.9% Karyopharm Therapeutics: Rises on plans to test cancer drug in COVID-19 patients ** Edison Nation EDNT.O: up 9.2% Edison Nation: Rises on launch of division to address demand surrounding COVID-19 ** Bristol Myers Squibb BMY.N: up 0.2% Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: up 2.2% Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 13.7% Gannett: Adopts poison pill plan ** Masco Corp MAS.N: up 7.6% Masco Corp: RBC upgrades to 'outperform' citing resilience during downturns ** Pluristem Therapeutics PSTI.O: up 42.5% Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 4.9% Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges ** Goldman Sachs GS.N: up 5.7% ** JPMorgan JPM.N: up 4.5% ** Citigroup C.N: up 6.0% ** Wells Fargo WFC.N: up 4.6% ** Bank of America BAC.N: up 5.9% ** Morgan Stanley MS.N: up 4.5% U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.5% Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 9.8% Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: down 2.8% Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 5.0% Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Valero Energy Corp VLO.N: up 7.1% Valero: JPM estimates quarterly loss on weak capture rates ** Gilead Sciences GILD.O: down 4.4% Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 5.3% HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 4.1% Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Berkshire Hathaway BRKa.N: up 2.6% ** Starbucks SBUX.O: up 4.1% Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 5.1% Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was up 3.36% at 23,441.6. The top three S&P 500 .PG.INX percentage gainers: ** Kohl's Corp , up 29.1% ** Royal Caribbean , up 26% ** Capri Holdings Ltd , up 25.9% The top three S&P 500 .PL.INX percentage losers: ** Gilead Sciences , down 3% ** Activision Blizzard , down 2.6% ** Otis Worldwide Corp , down 2.2% The top three NYSE .PG.N percentage gainers: ** Sasol Ltd , up 76.4% ** Caleres Inc , up 57.7% ** Western Asset Mortgage Capital , up 48.2% The top NYSE .PL.N percentage loser: ** Cambria Cannabis Etf , down 29.4% The top three Nasdaq .PG.O percentage gainers: ** Youngevity International , up 193.1% ** Pluristem Therapeutics , up 49.1% ** G-III Apparel Group , up 36.6% The top Nasdaq .PL.O percentage losers: ** Seachange International , down 24% ** Golar LNG , down 18.6% ** Darden Restaurants DRI.N: up 14% Darden restaurants: Rises on pay cuts for top executives, new term loan ** Syneos Health SYNH.O: up 1.9% Syneos Health: Rises as Q1 earnings on track to meet targets ** Golar LNG GLNG.O: down 17.6% Golar LNG: Sinks after BP claims force majeure due to pandemic ** Constellation Brands STZ.N: up 9.1% Constellation Brands shoots higher after rating upgrade ** Wingstop WING.O: up 12.1% Wingstop: Rises on strong Q1 sales amid coronavirus disruptions ** Akers Biosciences AKER.O: up 19.8% Akers Biosciences: Jumps on $4.6 mln stock offer ** Broadcom Inc AVGO.O: up 4.1% ** Micron Technology MU.O: up 3.3% ** Microchip Technology MCHP.O: up 2.4% ** Applied Materials AMAT.O: up 4.9% ** Intel Corp INTC.O: up 4.3% ** Qualcomm Inc QCOM.O: up 3.5% ** Xilinx Inc XLNX.O: up 1.5% Chip stocks gain on Samsung results ** Greenbrier GBX.N: up 17.4% Railcar maker Greenbrier on track for best day in over 11 years after results ** Kroger Co KR.N: down 2.6% ** General Mills GIS.N: down 1.0% ** Campbell Soup CPB.N: up 0.5% ** Walmart WMT.N: down 0.1% ** Gilead Sciences GILD.O: down 4.4% ** Peloton Interactive PTON.O: down 3.8% ** Zoom Video Communications Inc ZM.O: down 5.0% ** Slack Technologies Inc WORK.N: down 2.8% ** Electronic Arts EA.O: down 0.6% ** Activision Blizzard ATVI.O: down 3.9% Rally in 'stay-at-home' stocks runs out of steam ** Shopify SHOP.N: down 2.6% Shopify: Slips as brokerage downgrades on slowing demand amid virus outbreak ** Cancer Genetics CGIX.O: down 15.4% Cancer Genetics falls as co to delay filing annual report due to COVID-19 ** Hologic HOLX.O: up 5.7% Hologic: Expects Q2 revenue above Street on diagnostic strength; shares rise ** Can-Fite Biopharma CANF.NC: up 1.9% Can-Fite Biopharma: Rises on positive data from NASH study ** Two Harbors Investment Corp TWO.O: up 35.6% ** TPG RE Finance Trust TRTX.N: up 33.3% ** Chimera Investment Corp CIM.N: down 18.2% Mortgage REITs jump amid broad market bounce ** Enphase Energy ENPH.O: up 9.1% Enphase Energy: Up on solar inverter deal with France's Courant Naturel ** Nio NIO.N : up 11.5% Tesla rival Nio rises on higher deliveries in March ** D.R.
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Horton results underscore housing market resilience ** Baudax Bio Inc BXRX.O: up 2.9% Baudax Bio Inc: Rises on launch of pain management drug in U.S. ** VF Corp VFC.N: up 6.6% VF Corp: Up as co says to continue to pay dividend, draws down $1 bln credit ** Walgreens WBA.O: up 1.1% Walgreens: Rises on expanding drive-thru coronavirus test sites ** Chimera Investment Corp CIM.N: down 18.2% Chimera falls as mortgage REIT plans convertible debt offering, dividend cut ** Carnival Corp CCL.N: up 20.3% ** Royal Caribbean Cruises RCL.N: up 23.8% ** Norwegian Cruise Line Holdings NCLH.N: up 17.3% ** American Airlines AAL.O: up 17.5% ** Delta Air Lines DAL.N: up 6.4% ** United Airlines UAL.O: up 10.7% ** Hilton Worldwide HLT.N: up 7.1% ** Marriott International MAR.O: up 10.0% ** Hyatt Hotels H.N: up 5.4% ** MGM Resorts International MGM.N: up 11.7% ** Wynn Resorts WYNN.O: up 11.9% ** Las Vegas Sands LVS.N: up 7.2% ** Melco Resorts & Entertainment MLCO.O: up 0.5% ** Expedia EXPE.O: up 9.1% ** Booking Holdings Inc BKNG.O: up 5.0% U.S. travel and casino stocks jump on signs of flattening coronavirus outbreak ** Exxon Mobil XOM.N: up 5.1% Exxon Mobil cuts capex by 30%, shares rise ** Karyopharm Therapeutics KPTI.O: up 2.9% Karyopharm Therapeutics: Rises on plans to test cancer drug in COVID-19 patients ** Edison Nation EDNT.O: up 9.2% Edison Nation: Rises on launch of division to address demand surrounding COVID-19 ** Bristol Myers Squibb BMY.N: up 0.2% Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: up 2.2% Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 13.7% Gannett: Adopts poison pill plan ** Masco Corp MAS.N: up 7.6% Masco Corp: RBC upgrades to 'outperform' citing resilience during downturns ** Pluristem Therapeutics PSTI.O: up 42.5% Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 4.9% Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges ** Goldman Sachs GS.N: up 5.7% ** JPMorgan JPM.N: up 4.5% ** Citigroup C.N: up 6.0% ** Wells Fargo WFC.N: up 4.6% ** Bank of America BAC.N: up 5.9% ** Morgan Stanley MS.N: up 4.5% U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.5% Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 9.8% Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: down 2.8% Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 5.0% Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Valero Energy Corp VLO.N: up 7.1% Valero: JPM estimates quarterly loss on weak capture rates ** Gilead Sciences GILD.O: down 4.4% Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 5.3% HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 4.1% Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Berkshire Hathaway BRKa.N: up 2.6% ** Starbucks SBUX.O: up 4.1% Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 5.1% Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street rose on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures to contain the outbreak were working. ET, the Dow Jones Industrial Average .DJI was up 3.36% at 23,441.6.
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ead78a6f-3770-4027-9bc5-d0cd8fb8a5fa
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726180.0
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2020-04-07 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Royal Caribbean, Kohl's, Gilead Sciences, Electronic Arts
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DELL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-royal-caribbean-kohls-gilead-sciences-electronic-arts-2020-04
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
U.S. stocks jumped at the opening bell on Tuesday, as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures were working. .N
At 15:36 ET, the Dow Jones Industrial Average .DJI was up 2.39% at 23,222.77. The S&P 500 .SPX was up 1.93% at 2,715.04 and the Nasdaq Composite .IXIC was up 1.27% at 8,014.097. The top three S&P 500 .PG.INX percentage gainers: ** Capri Holdings Ltd CPRI.N, up 30.7% ** Kohl's Corp KSS.N, up 27.4% ** Royal Caribbean RCL.N, up 24.8% The top three S&P 500 .PL.INX percentage losers: ** Gilead Sciences GILD.O, down 4.8% ** Kroger Co KR.N, down 3.9% ** Electronic Arts EA.O, down 3.5% The top NYSE .PG.N percentage gainers: ** Sasol Ltd SSL.N, up 55.1% ** Caleres CAL.N, up 46.8% The top NYSE .PL.N percentage losers: ** Pacer US Small Cap Cash Cows 100 Etf CALF.N, down 30.3% ** Cambria Cannabis Etf TOKE.N, down 29.4% The top Nasdaq .PG.O percentage gainers: ** Akers Bioscience AKER.O, up 58.4% ** G-III Apparel Group GIII.O, up 34.3% The top three Nasdaq .PL.O percentage losers: ** SeaChange International SEAC.O, down 19.8% ** Golar LNG Ltd GLNG.O, down 15.7% ** BioNtech SE BNTX.O, down 15.9% ** Nio NIO.N : up 10.5%
Tesla rival Nio rises on higher deliveries in March ** D.R. Horton DHI.N: up 3.5% ** Lennar LEN.N: up 5.3% ** Toll Brothers TOL.N: up 6.7% ** KB Home KBH.N: up 5.6% ** PulteGroup PHM.N: up 8.9%
U.S. homebuilders rise as D.R. Horton results underscore housing market resilience ** Baudax Bio Inc BXRX.O: up 3.4%
Baudax Bio Inc: Rises on launch of pain management drug in U.S. ** VF Corp VFC.N: up 6.2%
VF Corp: Up as co says to continue to pay dividend, draws down $1 bln credit ** Walgreens WBA.O: up 2.6%
Walgreens: Rises on expanding drive-thru coronavirus test sites ** Chimera Investment Corp CIM.N: down 15.9%
Chimera falls as mortgage REIT plans convertible debt offering, dividend cut ** Carnival Corp CCL.N: up 18.8% ** Royal Caribbean Cruises RCL.N: up 27.6% ** Norwegian Cruise Line Holdings NCLH.N: up 20.2% ** American Airlines AAL.O: up 18.0% ** Delta Air Lines DAL.N: up 8.6% ** United Airlines UAL.O: up 11.5% ** Hilton Worldwide HLT.N: up 7.9% ** Marriott International MAR.O: up 11.5% ** Hyatt Hotels H.N: up 10.5% ** MGM Resorts International MGM.N: up 11.8% ** Wynn Resorts WYNN.O: up 11.7% ** Las Vegas Sands LVS.N: up 6.2% ** Melco Resorts & Entertainment MLCO.O: up 2.7% ** Expedia EXPE.O: up 8.6% ** Booking Holdings Inc BKNG.O: up 4.9%
U.S. travel and casino stocks jump on signs of flattening coronavirus outbreak ** Exxon Mobil XOM.N: up 5.3%
Exxon Mobil cuts capex by 30%, shares rise ** Karyopharm Therapeutics KPTI.O: up 0.7%
Karyopharm Therapeutics: Rises on plans to test cancer drug in COVID-19 patients ** Edison Nation EDNT.O: up 14.4%
Edison Nation: Rises on launch of division to address demand surrounding COVID-19 ** Bristol Myers Squibb BMY.N: up 0.1% Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: down 0.4% Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 26.0% Gannett: Adopts poison pill plan ** Masco Corp MAS.N: up 6.1% Masco Corp: RBC upgrades to 'outperform' citing resilience during downturns ** Pluristem Therapeutics PSTI.O: up 22.6% Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 5.6% Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges
** Goldman Sachs GS.N: up 3.8% ** JPMorgan JPM.N: up 2.2% ** Citigroup C.N: up 6.3% ** Wells Fargo WFC.N: up 4.0% ** Bank of America BAC.N: up 3.9% ** Morgan Stanley MS.N: up 3.1% U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.4% Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 13.7% Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: down 3.8% Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 4.9% Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Valero Energy Corp VLO.N: up 4.9% Valero: JPM estimates quarterly loss on weak capture rates ** Gilead Sciences GILD.O: down 4.4% Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 4.3% HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 2.5% Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Berkshire Hathaway BRKa.N: up 1.6% ** Starbucks SBUX.O: up 3.5% Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 1.5% Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 1.29%
Consumer Discretionary
.SPLRCD
up 2.84%
Consumer Staples
.SPLRCS
up 1.00%
Energy
.SPNY
up 5.65%
Financial
.SPSY
up 3.15%
Health
.SPXHC
up 1.01%
Industrial
.SPLRCI
up 3.03%
Information Technology
.SPLRCT
up 0.95%
Materials
.SPLRCM
up 4.30%
Real Estate
.SPLRCR
up 3.99%
Utilities
.SPLRCU
up 1.82%
(Compiled by Sanjana Shivdas in Bengaluru)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Horton results underscore housing market resilience ** Baudax Bio Inc BXRX.O: up 3.4% Baudax Bio Inc: Rises on launch of pain management drug in U.S. ** VF Corp VFC.N: up 6.2% VF Corp: Up as co says to continue to pay dividend, draws down $1 bln credit ** Walgreens WBA.O: up 2.6% Walgreens: Rises on expanding drive-thru coronavirus test sites ** Chimera Investment Corp CIM.N: down 15.9% Chimera falls as mortgage REIT plans convertible debt offering, dividend cut ** Carnival Corp CCL.N: up 18.8% ** Royal Caribbean Cruises RCL.N: up 27.6% ** Norwegian Cruise Line Holdings NCLH.N: up 20.2% ** American Airlines AAL.O: up 18.0% ** Delta Air Lines DAL.N: up 8.6% ** United Airlines UAL.O: up 11.5% ** Hilton Worldwide HLT.N: up 7.9% ** Marriott International MAR.O: up 11.5% ** Hyatt Hotels H.N: up 10.5% ** MGM Resorts International MGM.N: up 11.8% ** Wynn Resorts WYNN.O: up 11.7% ** Las Vegas Sands LVS.N: up 6.2% ** Melco Resorts & Entertainment MLCO.O: up 2.7% ** Expedia EXPE.O: up 8.6% ** Booking Holdings Inc BKNG.O: up 4.9% U.S. travel and casino stocks jump on signs of flattening coronavirus outbreak ** Exxon Mobil XOM.N: up 5.3% Exxon Mobil cuts capex by 30%, shares rise ** Karyopharm Therapeutics KPTI.O: up 0.7% Karyopharm Therapeutics: Rises on plans to test cancer drug in COVID-19 patients ** Edison Nation EDNT.O: up 14.4% Edison Nation: Rises on launch of division to address demand surrounding COVID-19 ** Bristol Myers Squibb BMY.N: up 0.1% Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: down 0.4% Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 26.0% Gannett: Adopts poison pill plan ** Masco Corp MAS.N: up 6.1% Masco Corp: RBC upgrades to 'outperform' citing resilience during downturns ** Pluristem Therapeutics PSTI.O: up 22.6% Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 5.6% Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges ** Goldman Sachs GS.N: up 3.8% ** JPMorgan JPM.N: up 2.2% ** Citigroup C.N: up 6.3% ** Wells Fargo WFC.N: up 4.0% ** Bank of America BAC.N: up 3.9% ** Morgan Stanley MS.N: up 3.1% U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.4% Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 13.7% Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: down 3.8% Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 4.9% Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Valero Energy Corp VLO.N: up 4.9% Valero: JPM estimates quarterly loss on weak capture rates ** Gilead Sciences GILD.O: down 4.4% Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 4.3% HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 2.5% Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Berkshire Hathaway BRKa.N: up 1.6% ** Starbucks SBUX.O: up 3.5% Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 1.5% Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks jumped at the opening bell on Tuesday, as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures were working. The top three S&P 500 .PG.INX percentage gainers: ** Capri Holdings Ltd CPRI.N, up 30.7% ** Kohl's Corp KSS.N, up 27.4% ** Royal Caribbean RCL.N, up 24.8% The top three S&P 500 .PL.INX percentage losers: ** Gilead Sciences GILD.O, down 4.8% ** Kroger Co KR.N, down 3.9% ** Electronic Arts EA.O, down 3.5% The top NYSE .PG.N percentage gainers: ** Sasol Ltd SSL.N, up 55.1% ** Caleres CAL.N, up 46.8% The top NYSE .PL.N percentage losers: ** Pacer US Small Cap Cash Cows 100 Etf CALF.N, down 30.3% ** Cambria Cannabis Etf TOKE.N, down 29.4% The top Nasdaq .PG.O percentage gainers: ** Akers Bioscience AKER.O, up 58.4% ** G-III Apparel Group GIII.O, up 34.3% The top three Nasdaq .PL.O percentage losers: ** SeaChange International SEAC.O, down 19.8% ** Golar LNG Ltd GLNG.O, down 15.7% ** BioNtech SE BNTX.O, down 15.9% ** Nio NIO.N : up 10.5% Tesla rival Nio rises on higher deliveries in March ** D.R.
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Horton results underscore housing market resilience ** Baudax Bio Inc BXRX.O: up 3.4% Baudax Bio Inc: Rises on launch of pain management drug in U.S. ** VF Corp VFC.N: up 6.2% VF Corp: Up as co says to continue to pay dividend, draws down $1 bln credit ** Walgreens WBA.O: up 2.6% Walgreens: Rises on expanding drive-thru coronavirus test sites ** Chimera Investment Corp CIM.N: down 15.9% Chimera falls as mortgage REIT plans convertible debt offering, dividend cut ** Carnival Corp CCL.N: up 18.8% ** Royal Caribbean Cruises RCL.N: up 27.6% ** Norwegian Cruise Line Holdings NCLH.N: up 20.2% ** American Airlines AAL.O: up 18.0% ** Delta Air Lines DAL.N: up 8.6% ** United Airlines UAL.O: up 11.5% ** Hilton Worldwide HLT.N: up 7.9% ** Marriott International MAR.O: up 11.5% ** Hyatt Hotels H.N: up 10.5% ** MGM Resorts International MGM.N: up 11.8% ** Wynn Resorts WYNN.O: up 11.7% ** Las Vegas Sands LVS.N: up 6.2% ** Melco Resorts & Entertainment MLCO.O: up 2.7% ** Expedia EXPE.O: up 8.6% ** Booking Holdings Inc BKNG.O: up 4.9% U.S. travel and casino stocks jump on signs of flattening coronavirus outbreak ** Exxon Mobil XOM.N: up 5.3% Exxon Mobil cuts capex by 30%, shares rise ** Karyopharm Therapeutics KPTI.O: up 0.7% Karyopharm Therapeutics: Rises on plans to test cancer drug in COVID-19 patients ** Edison Nation EDNT.O: up 14.4% Edison Nation: Rises on launch of division to address demand surrounding COVID-19 ** Bristol Myers Squibb BMY.N: up 0.1% Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: down 0.4% Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 26.0% Gannett: Adopts poison pill plan ** Masco Corp MAS.N: up 6.1% Masco Corp: RBC upgrades to 'outperform' citing resilience during downturns ** Pluristem Therapeutics PSTI.O: up 22.6% Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 5.6% Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges ** Goldman Sachs GS.N: up 3.8% ** JPMorgan JPM.N: up 2.2% ** Citigroup C.N: up 6.3% ** Wells Fargo WFC.N: up 4.0% ** Bank of America BAC.N: up 3.9% ** Morgan Stanley MS.N: up 3.1% U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.4% Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 13.7% Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: down 3.8% Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 4.9% Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Valero Energy Corp VLO.N: up 4.9% Valero: JPM estimates quarterly loss on weak capture rates ** Gilead Sciences GILD.O: down 4.4% Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 4.3% HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 2.5% Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Berkshire Hathaway BRKa.N: up 1.6% ** Starbucks SBUX.O: up 3.5% Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 1.5% Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks jumped at the opening bell on Tuesday, as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures were working. The top three S&P 500 .PG.INX percentage gainers: ** Capri Holdings Ltd CPRI.N, up 30.7% ** Kohl's Corp KSS.N, up 27.4% ** Royal Caribbean RCL.N, up 24.8% The top three S&P 500 .PL.INX percentage losers: ** Gilead Sciences GILD.O, down 4.8% ** Kroger Co KR.N, down 3.9% ** Electronic Arts EA.O, down 3.5% The top NYSE .PG.N percentage gainers: ** Sasol Ltd SSL.N, up 55.1% ** Caleres CAL.N, up 46.8% The top NYSE .PL.N percentage losers: ** Pacer US Small Cap Cash Cows 100 Etf CALF.N, down 30.3% ** Cambria Cannabis Etf TOKE.N, down 29.4% The top Nasdaq .PG.O percentage gainers: ** Akers Bioscience AKER.O, up 58.4% ** G-III Apparel Group GIII.O, up 34.3% The top three Nasdaq .PL.O percentage losers: ** SeaChange International SEAC.O, down 19.8% ** Golar LNG Ltd GLNG.O, down 15.7% ** BioNtech SE BNTX.O, down 15.9% ** Nio NIO.N : up 10.5% Tesla rival Nio rises on higher deliveries in March ** D.R.
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Horton results underscore housing market resilience ** Baudax Bio Inc BXRX.O: up 3.4% Baudax Bio Inc: Rises on launch of pain management drug in U.S. ** VF Corp VFC.N: up 6.2% VF Corp: Up as co says to continue to pay dividend, draws down $1 bln credit ** Walgreens WBA.O: up 2.6% Walgreens: Rises on expanding drive-thru coronavirus test sites ** Chimera Investment Corp CIM.N: down 15.9% Chimera falls as mortgage REIT plans convertible debt offering, dividend cut ** Carnival Corp CCL.N: up 18.8% ** Royal Caribbean Cruises RCL.N: up 27.6% ** Norwegian Cruise Line Holdings NCLH.N: up 20.2% ** American Airlines AAL.O: up 18.0% ** Delta Air Lines DAL.N: up 8.6% ** United Airlines UAL.O: up 11.5% ** Hilton Worldwide HLT.N: up 7.9% ** Marriott International MAR.O: up 11.5% ** Hyatt Hotels H.N: up 10.5% ** MGM Resorts International MGM.N: up 11.8% ** Wynn Resorts WYNN.O: up 11.7% ** Las Vegas Sands LVS.N: up 6.2% ** Melco Resorts & Entertainment MLCO.O: up 2.7% ** Expedia EXPE.O: up 8.6% ** Booking Holdings Inc BKNG.O: up 4.9% U.S. travel and casino stocks jump on signs of flattening coronavirus outbreak ** Exxon Mobil XOM.N: up 5.3% Exxon Mobil cuts capex by 30%, shares rise ** Karyopharm Therapeutics KPTI.O: up 0.7% Karyopharm Therapeutics: Rises on plans to test cancer drug in COVID-19 patients ** Edison Nation EDNT.O: up 14.4% Edison Nation: Rises on launch of division to address demand surrounding COVID-19 ** Bristol Myers Squibb BMY.N: up 0.1% Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: down 0.4% Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 26.0% Gannett: Adopts poison pill plan ** Masco Corp MAS.N: up 6.1% Masco Corp: RBC upgrades to 'outperform' citing resilience during downturns ** Pluristem Therapeutics PSTI.O: up 22.6% Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 5.6% Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges ** Goldman Sachs GS.N: up 3.8% ** JPMorgan JPM.N: up 2.2% ** Citigroup C.N: up 6.3% ** Wells Fargo WFC.N: up 4.0% ** Bank of America BAC.N: up 3.9% ** Morgan Stanley MS.N: up 3.1% U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.4% Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 13.7% Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: down 3.8% Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 4.9% Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Valero Energy Corp VLO.N: up 4.9% Valero: JPM estimates quarterly loss on weak capture rates ** Gilead Sciences GILD.O: down 4.4% Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 4.3% HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 2.5% Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Berkshire Hathaway BRKa.N: up 1.6% ** Starbucks SBUX.O: up 3.5% Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 1.5% Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand The 11 major S&P 500 sectors: Communication Services .N At 15:36 ET, the Dow Jones Industrial Average .DJI was up 2.39% at 23,222.77. The top three S&P 500 .PG.INX percentage gainers: ** Capri Holdings Ltd CPRI.N, up 30.7% ** Kohl's Corp KSS.N, up 27.4% ** Royal Caribbean RCL.N, up 24.8% The top three S&P 500 .PL.INX percentage losers: ** Gilead Sciences GILD.O, down 4.8% ** Kroger Co KR.N, down 3.9% ** Electronic Arts EA.O, down 3.5% The top NYSE .PG.N percentage gainers: ** Sasol Ltd SSL.N, up 55.1% ** Caleres CAL.N, up 46.8% The top NYSE .PL.N percentage losers: ** Pacer US Small Cap Cash Cows 100 Etf CALF.N, down 30.3% ** Cambria Cannabis Etf TOKE.N, down 29.4% The top Nasdaq .PG.O percentage gainers: ** Akers Bioscience AKER.O, up 58.4% ** G-III Apparel Group GIII.O, up 34.3% The top three Nasdaq .PL.O percentage losers: ** SeaChange International SEAC.O, down 19.8% ** Golar LNG Ltd GLNG.O, down 15.7% ** BioNtech SE BNTX.O, down 15.9% ** Nio NIO.N : up 10.5% Tesla rival Nio rises on higher deliveries in March ** D.R.
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Horton results underscore housing market resilience ** Baudax Bio Inc BXRX.O: up 3.4% Baudax Bio Inc: Rises on launch of pain management drug in U.S. ** VF Corp VFC.N: up 6.2% VF Corp: Up as co says to continue to pay dividend, draws down $1 bln credit ** Walgreens WBA.O: up 2.6% Walgreens: Rises on expanding drive-thru coronavirus test sites ** Chimera Investment Corp CIM.N: down 15.9% Chimera falls as mortgage REIT plans convertible debt offering, dividend cut ** Carnival Corp CCL.N: up 18.8% ** Royal Caribbean Cruises RCL.N: up 27.6% ** Norwegian Cruise Line Holdings NCLH.N: up 20.2% ** American Airlines AAL.O: up 18.0% ** Delta Air Lines DAL.N: up 8.6% ** United Airlines UAL.O: up 11.5% ** Hilton Worldwide HLT.N: up 7.9% ** Marriott International MAR.O: up 11.5% ** Hyatt Hotels H.N: up 10.5% ** MGM Resorts International MGM.N: up 11.8% ** Wynn Resorts WYNN.O: up 11.7% ** Las Vegas Sands LVS.N: up 6.2% ** Melco Resorts & Entertainment MLCO.O: up 2.7% ** Expedia EXPE.O: up 8.6% ** Booking Holdings Inc BKNG.O: up 4.9% U.S. travel and casino stocks jump on signs of flattening coronavirus outbreak ** Exxon Mobil XOM.N: up 5.3% Exxon Mobil cuts capex by 30%, shares rise ** Karyopharm Therapeutics KPTI.O: up 0.7% Karyopharm Therapeutics: Rises on plans to test cancer drug in COVID-19 patients ** Edison Nation EDNT.O: up 14.4% Edison Nation: Rises on launch of division to address demand surrounding COVID-19 ** Bristol Myers Squibb BMY.N: up 0.1% Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: down 0.4% Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 26.0% Gannett: Adopts poison pill plan ** Masco Corp MAS.N: up 6.1% Masco Corp: RBC upgrades to 'outperform' citing resilience during downturns ** Pluristem Therapeutics PSTI.O: up 22.6% Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 5.6% Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges ** Goldman Sachs GS.N: up 3.8% ** JPMorgan JPM.N: up 2.2% ** Citigroup C.N: up 6.3% ** Wells Fargo WFC.N: up 4.0% ** Bank of America BAC.N: up 3.9% ** Morgan Stanley MS.N: up 3.1% U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.4% Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 13.7% Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: down 3.8% Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 4.9% Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Valero Energy Corp VLO.N: up 4.9% Valero: JPM estimates quarterly loss on weak capture rates ** Gilead Sciences GILD.O: down 4.4% Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 4.3% HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 2.5% Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Berkshire Hathaway BRKa.N: up 1.6% ** Starbucks SBUX.O: up 3.5% Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 1.5% Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks jumped at the opening bell on Tuesday, as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures were working. .N At 15:36 ET, the Dow Jones Industrial Average .DJI was up 2.39% at 23,222.77.
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f927a3c3-7929-4fe1-bf78-b4e4b9bb98f8
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726181.0
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2020-04-07 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Roadrunner Transportation, Gannett Co, Liminal BioSciences
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DELL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-roadrunner-transportation-gannett-co-liminal-biosciences-2020
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street was set to resume a strong rally on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that the sweeping lockdown measures were working. .N
At 9:20 a.m. ET, Dow e-minis 1YMc1 were up 3.79% at 23,341. S&P 500 e-minis ESc1 were up 3.28% at 2,731.25, while Nasdaq 100 e-minis NQc1 were up 3.01% at 8,271.5. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Gannett Co Inc , up 51.4% ** Sasol Ltd , up 48.4% ** Cherry Hill Mort , up 46.2% The top three NYSE percentage losers premarket .PRPL.NQ: ** Roadrunner Transportation Systems , down 14.5% ** Sandridge Energy , down 10.6% ** Chimera Invstmnt , down 9.2% The top Nasdaq percentage gainer premarket .PRPG.O: ** Top Ships Inc , up 54.7% The top three Nasdaq percentage losers premarket .PRPL.O: ** Seachange International Inc , down 19% ** Oncosec Medical Inc , down 17.3% ** Liminal BioSciences , down 16.6% ** Bristol Myers Squibb BMY.N: up 1.1% premarket Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: up 0.5% premarket Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 51.4% premarket Gannett: Adopts poison pill plan ** Pluristem Therapeutics PSTI.O: up 34.8% premarket Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 2.1% premarket Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges
** Goldman Sachs GS.N: up 4.8% premarket ** JPMorgan JPM.N: up 5.2% premarket ** Citigroup C.N: up 7.4% premarket ** Wells Fargo WFC.N: up 5.7% premarket ** Bank of America BAC.N: up 5.9% premarket ** Morgan Stanley MS.N: up 5.4% premarket U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.8% premarket Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 11.7% premarket Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: flat/untraded premarket Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 7.6% premarket Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Gilead Sciences GILD.O: down 0.4% premarket Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 3.3% premarket HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 6.2% premarket Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Starbucks SBUX.O: up 5.8% premarket Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 4.3% premarket Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand
(Compiled by Sanjana Shivdas in Bengaluru)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))
The views and 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 top three NYSE percentage gainers premarket .PRPG.NQ: ** Gannett Co Inc , up 51.4% ** Sasol Ltd , up 48.4% ** Cherry Hill Mort , up 46.2% The top three NYSE percentage losers premarket .PRPL.NQ: ** Roadrunner Transportation Systems , down 14.5% ** Sandridge Energy , down 10.6% ** Chimera Invstmnt , down 9.2% The top Nasdaq percentage gainer premarket .PRPG.O: ** Top Ships Inc , up 54.7% The top three Nasdaq percentage losers premarket .PRPL.O: ** Seachange International Inc , down 19% ** Oncosec Medical Inc , down 17.3% ** Liminal BioSciences , down 16.6% ** Bristol Myers Squibb BMY.N: up 1.1% premarket Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: up 0.5% premarket Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 51.4% premarket Gannett: Adopts poison pill plan ** Pluristem Therapeutics PSTI.O: up 34.8% premarket Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 2.1% premarket Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges ** Goldman Sachs GS.N: up 4.8% premarket ** JPMorgan JPM.N: up 5.2% premarket ** Citigroup C.N: up 7.4% premarket ** Wells Fargo WFC.N: up 5.7% premarket ** Bank of America BAC.N: up 5.9% premarket ** Morgan Stanley MS.N: up 5.4% premarket U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.8% premarket Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 11.7% premarket Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: flat/untraded premarket Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 7.6% premarket Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Gilead Sciences GILD.O: down 0.4% premarket Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 3.3% premarket HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 6.2% premarket Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Starbucks SBUX.O: up 5.8% premarket Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 4.3% premarket Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand (Compiled by Sanjana Shivdas in Bengaluru) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street was set to resume a strong rally on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that the sweeping lockdown measures were working. ET, Dow e-minis 1YMc1 were up 3.79% at 23,341.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Gannett Co Inc , up 51.4% ** Sasol Ltd , up 48.4% ** Cherry Hill Mort , up 46.2% The top three NYSE percentage losers premarket .PRPL.NQ: ** Roadrunner Transportation Systems , down 14.5% ** Sandridge Energy , down 10.6% ** Chimera Invstmnt , down 9.2% The top Nasdaq percentage gainer premarket .PRPG.O: ** Top Ships Inc , up 54.7% The top three Nasdaq percentage losers premarket .PRPL.O: ** Seachange International Inc , down 19% ** Oncosec Medical Inc , down 17.3% ** Liminal BioSciences , down 16.6% ** Bristol Myers Squibb BMY.N: up 1.1% premarket Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: up 0.5% premarket Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 51.4% premarket Gannett: Adopts poison pill plan ** Pluristem Therapeutics PSTI.O: up 34.8% premarket Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 2.1% premarket Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges ** Goldman Sachs GS.N: up 4.8% premarket ** JPMorgan JPM.N: up 5.2% premarket ** Citigroup C.N: up 7.4% premarket ** Wells Fargo WFC.N: up 5.7% premarket ** Bank of America BAC.N: up 5.9% premarket ** Morgan Stanley MS.N: up 5.4% premarket U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.8% premarket Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 11.7% premarket Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: flat/untraded premarket Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 7.6% premarket Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Gilead Sciences GILD.O: down 0.4% premarket Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 3.3% premarket HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 6.2% premarket Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Starbucks SBUX.O: up 5.8% premarket Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 4.3% premarket Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand (Compiled by Sanjana Shivdas in Bengaluru) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street was set to resume a strong rally on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that the sweeping lockdown measures were working. S&P 500 e-minis ESc1 were up 3.28% at 2,731.25, while Nasdaq 100 e-minis NQc1 were up 3.01% at 8,271.5.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Gannett Co Inc , up 51.4% ** Sasol Ltd , up 48.4% ** Cherry Hill Mort , up 46.2% The top three NYSE percentage losers premarket .PRPL.NQ: ** Roadrunner Transportation Systems , down 14.5% ** Sandridge Energy , down 10.6% ** Chimera Invstmnt , down 9.2% The top Nasdaq percentage gainer premarket .PRPG.O: ** Top Ships Inc , up 54.7% The top three Nasdaq percentage losers premarket .PRPL.O: ** Seachange International Inc , down 19% ** Oncosec Medical Inc , down 17.3% ** Liminal BioSciences , down 16.6% ** Bristol Myers Squibb BMY.N: up 1.1% premarket Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: up 0.5% premarket Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 51.4% premarket Gannett: Adopts poison pill plan ** Pluristem Therapeutics PSTI.O: up 34.8% premarket Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 2.1% premarket Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges ** Goldman Sachs GS.N: up 4.8% premarket ** JPMorgan JPM.N: up 5.2% premarket ** Citigroup C.N: up 7.4% premarket ** Wells Fargo WFC.N: up 5.7% premarket ** Bank of America BAC.N: up 5.9% premarket ** Morgan Stanley MS.N: up 5.4% premarket U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.8% premarket Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 11.7% premarket Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: flat/untraded premarket Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 7.6% premarket Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Gilead Sciences GILD.O: down 0.4% premarket Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 3.3% premarket HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 6.2% premarket Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Starbucks SBUX.O: up 5.8% premarket Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 4.3% premarket Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand (Compiled by Sanjana Shivdas in Bengaluru) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ET, Dow e-minis 1YMc1 were up 3.79% at 23,341. S&P 500 e-minis ESc1 were up 3.28% at 2,731.25, while Nasdaq 100 e-minis NQc1 were up 3.01% at 8,271.5.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Gannett Co Inc , up 51.4% ** Sasol Ltd , up 48.4% ** Cherry Hill Mort , up 46.2% The top three NYSE percentage losers premarket .PRPL.NQ: ** Roadrunner Transportation Systems , down 14.5% ** Sandridge Energy , down 10.6% ** Chimera Invstmnt , down 9.2% The top Nasdaq percentage gainer premarket .PRPG.O: ** Top Ships Inc , up 54.7% The top three Nasdaq percentage losers premarket .PRPL.O: ** Seachange International Inc , down 19% ** Oncosec Medical Inc , down 17.3% ** Liminal BioSciences , down 16.6% ** Bristol Myers Squibb BMY.N: up 1.1% premarket Bristol Myers Squibb: Rises on plans to support newly unemployed patients ** Global Payments Inc GPN.N: up 0.5% premarket Global Payments Inc down after company withdraws FY20 outlook ** Gannett GCI.N>: up 51.4% premarket Gannett: Adopts poison pill plan ** Pluristem Therapeutics PSTI.O: up 34.8% premarket Pluristem surges on early data for COVID-19 complications treatment ** Pioneer Natural Resources PXD.N: up 2.1% premarket Pioneer Natural Resources: JPM lifts earnings outlook on liquidity boost, hedges ** Goldman Sachs GS.N: up 4.8% premarket ** JPMorgan JPM.N: up 5.2% premarket ** Citigroup C.N: up 7.4% premarket ** Wells Fargo WFC.N: up 5.7% premarket ** Bank of America BAC.N: up 5.9% premarket ** Morgan Stanley MS.N: up 5.4% premarket U.S. big banks: Rise as broad market gains push yields higher USN ** Dell Technologies DELL.N: up 2.8% premarket Dell Technologies: JPMorgan cuts PT on coronavirus impact ** Macy's M.N: up 11.7% premarket Macy's: CFO to step down, shares rise amid broader surge ** Slack Technologies Inc WORK.N: flat/untraded premarket Slack rises after pricing upsized $750 mln convertible debt deal ** Marathon Petroleum MPC.N: up 7.6% premarket Marathon Petroleum: JPM expects Q1 loss on weak refining fundamentals ** Gilead Sciences GILD.O: down 0.4% premarket Gilead: Fundamental story improving with remdesivir and pipeline; ups PT ** HP Inc HPQ.N: up 3.3% premarket HP Inc: J.P. Morgan cuts PT, forecast on coronavirus impact ** Beyond Meat BYND.O: up 6.2% premarket Beyond Meat: J.P. Morgan cuts PT on coronavirus hit to foodservice sector ** Starbucks SBUX.O: up 5.8% premarket Ackman's Pershing Square discloses new and raised stakes, stocks rise ** Kraft Heinz KHC.O: up 4.3% premarket Kraft Heinz: Rises on expectations of higher Q1 sales from strong demand (Compiled by Sanjana Shivdas in Bengaluru) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street was set to resume a strong rally on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that the sweeping lockdown measures were working. ET, Dow e-minis 1YMc1 were up 3.79% at 23,341.
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fc27ede6-1b18-4e84-806f-09877153246d
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726182.0
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2020-04-06 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Gilead Sciences, Wayfair, Immunomedics, Akers Bioscience
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DELL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-gilead-sciences-wayfair-immunomedics-akers-bioscience-2020-04
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 was on track to recover about $1 trillion in market value in a furious rally on Monday after a drop in the daily death toll in New York, the country's biggest coronavirus hot spot, raised hopes that the pandemic could level off soon. .N
At 13:54 ET, the Dow Jones Industrial Average .DJI was up 5.98% at 22,312.39. The S&P 500 .SPX was up 5.85% at 2,634.14 and the Nasdaq Composite .IXIC was up 5.85% at 7,804.414. The top three S&P 500 .PG.INX percentage gainers: ** Capri Holdings Ltd CPRI.N, up 31.2 % ** Carnival Corp CCL.N, up 26.7 % ** PVH Corp PVH.N, up 26.2 % The top three S&P 500 .PL.INX percentage losers: ** Carrier Global Corp CARR.N, down 6.3 % ** Robert Half International RHI.N, down 3.8 % ** Gilead Sciences GILD.OQ, down 2.1 % The top three NYSE .PG.N percentage gainers: ** Dillard DDS.N, up 42.4 % ** Cherry Hill Mortgage CHMI.N, up 40.8 % ** Wayfair Inc W.N, up 38.9 % The top three NYSE .PL.N percentage losers: ** Vanguard US Multifactor Fund;ETF VFMF.N, down 31.6 % ** Global X Founder-Run Companies ETF BOSS.N, down 26.8 % ** Direxion Daily Semiconductor Bear 3X SOXS.N, down 26 % The top three Nasdaq .PG.O percentage gainers: ** Akers Bioscience AKER.O, up 133.2 % ** Immunomedics IMMU.O, up 96.5 % The top three Nasdaq .PL.O percentage losers: ** Unico American UNAM.O, down 21 % ** Luckin Coffe Inc LK.O, down 16.4 % ** Quotient Ltd QTNT.O: up 19.3%
Quotient Ltd develops coronavirus antibody test; shares jump ** Woodward Inc WWD.O: up 15.6% ** Hexcel Corp HXL.N: down 3.3%
Aero suppliers Hexcel, Woodward scrap $6.4 bln merger on coronavirus risks ** GoDaddy Inc GDDY.N: up 10.4%
GoDaddy Inc: Rises as Wedbush upgrades on relative resilience to virus pressures ** IBM IBM.N: up 6.1%
IBM: Rises after naming former BofA CTO as cloud business head ** Xcel Energy XEL.O: up 7.1%
Xcel Energy: Climbs on deal to sell natural gas power plant ** Thermo Fisher TMO.N: up 6.4%
Thermo Fisher: Long-term fundamentals intact despite coronavirus hit -analysts ** Ulta Beauty ULTA.N: up 20.1%
JPM adds Ulta Beauty to 'focus list' ** Wayfair W.N: up 38.3%
Wayfair: Rises as co expects to meet or exceed Q1 targets ** MaxLiner MXL.N: up 25.8%
MaxLiner to buy Intel's home gateway assets, shares rise ** Spotify SPOT.N: up 0.4%
Spotify: Raymond James downgrades on coronavirus risks, shares fall ** Esperion Therapeutics ESPR.O: up 6%
Esperion: Up as cholesterol drug gets approval in Europe, co enters license deal ** Axsome Therapeutics AXSM.O: up 1.7%
Axsome Therapeutics: Rises after migraine drug meets main goals in late-stage study ** Netflix NFLX.O: up 3.3%
Netflix: SunTrust Robinson sees 9.5 mln more subscribers in Q1 ** Cisco Systems CSCO.O: up 4.1% ** Dell Technologies Inc DELL.N: up 5.6% ** Pure Storage PSTG.N: up 10.0% ** Hewlett Packard Enterprises HPE.N: up 5.2%
Raymond James cuts PTs of IT service providers ** Myriad Genetics MYGN.O: up 17.1%
Myriad Genetics: Rises after cancer test launch in Japan ** Capri Holdings CPRI.N: up 29.9%
Capri Holdings: Up after co furloughs N.America store staff, cuts salaries ** Akers Biosciences AKER.O: up 123.2%
Akers Biosciences jumps on progress in COVID-19 vaccine development ** HyreCar HYRE.O: up 23.9%
HyreCar surges on strong Q1 revenue forecast ** GW Pharma GWPH.O: up 4.4%
GW Pharma: Rises after seizure drug removed from controlled substance list ** Livent Corp LTHM.N: up 7.6%
Livent Corp jumps on resuming Argentina lithium production ** RH RH.N: up 16.6%
RH: Surges after announcing job cuts, cost savings ** Anworth Mortgage Asset Corp ANH.N: up 20.1%
Anworth Mortgage rallies as REIT reduces MBS borrowings; may delay dividend ** Hewlett Packard HPE.N: up 5.2%
Hewlett Packard withdraws FY20 outlook amid virus outbreak ** Immunomedics IMMU.O: up 97.4%
Immunomedics soars on compelling trial data on breast cancer drug ** Vir Biotech VIR.O: up 29.9%
Vir Biotech jumps on GSK's $250 mln investment, deal for potential COVID-19 drug ** Advanced Micro Devices AMD.O: up 8.9% ** Applied Materials AMAT.O: up 8.5% ** Intel Corp INTC.O: up 6.2% ** Qualcomm Inc QCOM.O: up 7.2% ** Xilinx Inc XLNX.O: up 5.7% ** KLA Corp KLAC.O: up 13.9%
Nomura Instinet sees opportunity in semiconductors amid virus outbreak- TheFly.com ** Millendo Therapeutics MLND.O: down 68.6%
Millendo Therapeutics dives on scrapping drug trial for genetic illness ** Inovio Pharmaceuticals INO.O: up 10.9%
Inovio rises on FDA nod for COVID-19 vaccine clinical trial ** CVS Health Corp CVS.N: up 1.6% CVS Health Corp: Rises on launch of two new drive-through COVID-19 testing sites ** Menlo Therapeutics MNLO.O: down 48.5% Menlo: Falls as skin treatment trials fail to meet goals ** RedHill Biopharma RDHL.O: up 23.9% RedHill Biopharma: Rises after dosing first COVID-19 patient with cancer drug ** Gilead Sciences GILD.O: down 2.1% Gilead Sciences: Rises on plan to ramp up production of COVID-19 trial drug ** Textron Inc TXT.N: up 10.2% Textron's business jet deliveries could fall by 25% in 2020 on virus hit - Jefferies ** Zoom Video ZM.O: down 8.1% Zoom Video: Falls on report of school districts banning Zoom, CS downgrade ** Starbucks SBUX.O: up 5.2% Starbucks: Brokerage raises PT, sees possible boost as Chinese rival faces new challenges ** Co-Diagnostics CODX.O: up 29.4% Co-Diagnostics: Jumps after FDA allows emergency use of co's COVID-19 test ** XBiotech Inc XBIT.O: up 8.4% XBiotech: Jumps on collaboration to develop COVID-19 treatment ** Hilton Worldwide Holdings HLT.N: up 13.0% ** Wynn Resorts WYNN.O: up 14.1% ** Royal Caribbean Cruises RCL.N: up 19.1% ** Marriott International Inc MAR.O: up 17.9% ** Carnival Corp CCL.N: up 25.7% ** Norwegian Cruise Line Holdings NCLH.N: up 17.8% ** Booking Holdings BKNG.O: up 8.8% ** Expedia Group Inc EXPE.O: up 8.7% Travel and leisure stocks climb on hopes of virus slowdown ** Goldman Sachs GS.N: up 6.5% ** JPMorgan JPM.N: up 5.9% ** Citigroup Inc C.N: up 8.5% ** Wells Fargo WFC.N: up 7.6% ** Bank of America BAC.N: up 5.9% ** Morgan Stanley MS.N: up 8.1% U.S. big banks rise amid broad market gains, higher yields ** Hess Corp HES.N: up 3.8% Hess: JPM sees strong Q1 but warns of challenges from extended oil weakness ** Tesla Inc TSLA.O: up 6.1% Tesla Inc: Jefferies upgrades to "buy" on robust Q1 deliveries
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 5.64%
Consumer Discretionary
.SPLRCD
up 6.83%
Consumer Staples
.SPLRCS
up 3.06%
Energy
.SPNY
up 4.03%
Financial
.SPSY
up 6.45%
Health
.SPXHC
up 4.24%
Industrial
.SPLRCI
up 6.45%
Information Technology
.SPLRCT
up 6.71%
Materials
.SPLRCM
up 7.08%
Real Estate
.SPLRCR
up 6.55%
Utilities
.SPLRCU
up 7.99%
(Compiled by Sanjana Shivdas in Bengaluru)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))
The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Capri Holdings Ltd CPRI.N, up 31.2 % ** Carnival Corp CCL.N, up 26.7 % ** PVH Corp PVH.N, up 26.2 % The top three S&P 500 .PL.INX percentage losers: ** Carrier Global Corp CARR.N, down 6.3 % ** Robert Half International RHI.N, down 3.8 % ** Gilead Sciences GILD.OQ, down 2.1 % The top three NYSE .PG.N percentage gainers: ** Dillard DDS.N, up 42.4 % ** Cherry Hill Mortgage CHMI.N, up 40.8 % ** Wayfair Inc W.N, up 38.9 % The top three NYSE .PL.N percentage losers: ** Vanguard US Multifactor Fund;ETF VFMF.N, down 31.6 % ** Global X Founder-Run Companies ETF BOSS.N, down 26.8 % ** Direxion Daily Semiconductor Bear 3X SOXS.N, down 26 % The top three Nasdaq .PG.O percentage gainers: ** Akers Bioscience AKER.O, up 133.2 % ** Immunomedics IMMU.O, up 96.5 % The top three Nasdaq .PL.O percentage losers: ** Unico American UNAM.O, down 21 % ** Luckin Coffe Inc LK.O, down 16.4 % ** Quotient Ltd QTNT.O: up 19.3% Quotient Ltd develops coronavirus antibody test; shares jump ** Woodward Inc WWD.O: up 15.6% ** Hexcel Corp HXL.N: down 3.3% Aero suppliers Hexcel, Woodward scrap $6.4 bln merger on coronavirus risks ** GoDaddy Inc GDDY.N: up 10.4% GoDaddy Inc: Rises as Wedbush upgrades on relative resilience to virus pressures ** IBM IBM.N: up 6.1% IBM: Rises after naming former BofA CTO as cloud business head ** Xcel Energy XEL.O: up 7.1% Xcel Energy: Climbs on deal to sell natural gas power plant ** Thermo Fisher TMO.N: up 6.4% Thermo Fisher: Long-term fundamentals intact despite coronavirus hit -analysts ** Ulta Beauty ULTA.N: up 20.1% JPM adds Ulta Beauty to 'focus list' ** Wayfair W.N: up 38.3% Wayfair: Rises as co expects to meet or exceed Q1 targets ** MaxLiner MXL.N: up 25.8% MaxLiner to buy Intel's home gateway assets, shares rise ** Spotify SPOT.N: up 0.4% Spotify: Raymond James downgrades on coronavirus risks, shares fall ** Esperion Therapeutics ESPR.O: up 6% Esperion: Up as cholesterol drug gets approval in Europe, co enters license deal ** Axsome Therapeutics AXSM.O: up 1.7% Axsome Therapeutics: Rises after migraine drug meets main goals in late-stage study ** Netflix NFLX.O: up 3.3% Netflix: SunTrust Robinson sees 9.5 mln more subscribers in Q1 ** Cisco Systems CSCO.O: up 4.1% ** Dell Technologies Inc DELL.N: up 5.6% ** Pure Storage PSTG.N: up 10.0% ** Hewlett Packard Enterprises HPE.N: up 5.2% Raymond James cuts PTs of IT service providers ** Myriad Genetics MYGN.O: up 17.1% Myriad Genetics: Rises after cancer test launch in Japan ** Capri Holdings CPRI.N: up 29.9% Capri Holdings: Up after co furloughs N.America store staff, cuts salaries ** Akers Biosciences AKER.O: up 123.2% Akers Biosciences jumps on progress in COVID-19 vaccine development ** HyreCar HYRE.O: up 23.9% HyreCar surges on strong Q1 revenue forecast ** GW Pharma GWPH.O: up 4.4% GW Pharma: Rises after seizure drug removed from controlled substance list ** Livent Corp LTHM.N: up 7.6% Livent Corp jumps on resuming Argentina lithium production ** RH RH.N: up 16.6% RH: Surges after announcing job cuts, cost savings ** Anworth Mortgage Asset Corp ANH.N: up 20.1% Anworth Mortgage rallies as REIT reduces MBS borrowings; may delay dividend ** Hewlett Packard HPE.N: up 5.2% Hewlett Packard withdraws FY20 outlook amid virus outbreak ** Immunomedics IMMU.O: up 97.4% Immunomedics soars on compelling trial data on breast cancer drug ** Vir Biotech VIR.O: up 29.9% Vir Biotech jumps on GSK's $250 mln investment, deal for potential COVID-19 drug ** Advanced Micro Devices AMD.O: up 8.9% ** Applied Materials AMAT.O: up 8.5% ** Intel Corp INTC.O: up 6.2% ** Qualcomm Inc QCOM.O: up 7.2% ** Xilinx Inc XLNX.O: up 5.7% ** KLA Corp KLAC.O: up 13.9% Nomura Instinet sees opportunity in semiconductors amid virus outbreak- TheFly.com ** Millendo Therapeutics MLND.O: down 68.6% Millendo Therapeutics dives on scrapping drug trial for genetic illness ** Inovio Pharmaceuticals INO.O: up 10.9% Inovio rises on FDA nod for COVID-19 vaccine clinical trial ** CVS Health Corp CVS.N: up 1.6% CVS Health Corp: Rises on launch of two new drive-through COVID-19 testing sites ** Menlo Therapeutics MNLO.O: down 48.5% Menlo: Falls as skin treatment trials fail to meet goals ** RedHill Biopharma RDHL.O: up 23.9% RedHill Biopharma: Rises after dosing first COVID-19 patient with cancer drug ** Gilead Sciences GILD.O: down 2.1% Gilead Sciences: Rises on plan to ramp up production of COVID-19 trial drug ** Textron Inc TXT.N: up 10.2% Textron's business jet deliveries could fall by 25% in 2020 on virus hit - Jefferies ** Zoom Video ZM.O: down 8.1% Zoom Video: Falls on report of school districts banning Zoom, CS downgrade ** Starbucks SBUX.O: up 5.2% Starbucks: Brokerage raises PT, sees possible boost as Chinese rival faces new challenges ** Co-Diagnostics CODX.O: up 29.4% Co-Diagnostics: Jumps after FDA allows emergency use of co's COVID-19 test ** XBiotech Inc XBIT.O: up 8.4% XBiotech: Jumps on collaboration to develop COVID-19 treatment ** Hilton Worldwide Holdings HLT.N: up 13.0% ** Wynn Resorts WYNN.O: up 14.1% ** Royal Caribbean Cruises RCL.N: up 19.1% ** Marriott International Inc MAR.O: up 17.9% ** Carnival Corp CCL.N: up 25.7% ** Norwegian Cruise Line Holdings NCLH.N: up 17.8% ** Booking Holdings BKNG.O: up 8.8% ** Expedia Group Inc EXPE.O: up 8.7% Travel and leisure stocks climb on hopes of virus slowdown ** Goldman Sachs GS.N: up 6.5% ** JPMorgan JPM.N: up 5.9% ** Citigroup Inc C.N: up 8.5% ** Wells Fargo WFC.N: up 7.6% ** Bank of America BAC.N: up 5.9% ** Morgan Stanley MS.N: up 8.1% U.S. big banks rise amid broad market gains, higher yields ** Hess Corp HES.N: up 3.8% Hess: JPM sees strong Q1 but warns of challenges from extended oil weakness ** Tesla Inc TSLA.O: up 6.1% Tesla Inc: Jefferies upgrades to "buy" on robust Q1 deliveries The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 was on track to recover about $1 trillion in market value in a furious rally on Monday after a drop in the daily death toll in New York, the country's biggest coronavirus hot spot, raised hopes that the pandemic could level off soon. up 7.99% (Compiled by Sanjana Shivdas in Bengaluru) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Capri Holdings Ltd CPRI.N, up 31.2 % ** Carnival Corp CCL.N, up 26.7 % ** PVH Corp PVH.N, up 26.2 % The top three S&P 500 .PL.INX percentage losers: ** Carrier Global Corp CARR.N, down 6.3 % ** Robert Half International RHI.N, down 3.8 % ** Gilead Sciences GILD.OQ, down 2.1 % The top three NYSE .PG.N percentage gainers: ** Dillard DDS.N, up 42.4 % ** Cherry Hill Mortgage CHMI.N, up 40.8 % ** Wayfair Inc W.N, up 38.9 % The top three NYSE .PL.N percentage losers: ** Vanguard US Multifactor Fund;ETF VFMF.N, down 31.6 % ** Global X Founder-Run Companies ETF BOSS.N, down 26.8 % ** Direxion Daily Semiconductor Bear 3X SOXS.N, down 26 % The top three Nasdaq .PG.O percentage gainers: ** Akers Bioscience AKER.O, up 133.2 % ** Immunomedics IMMU.O, up 96.5 % The top three Nasdaq .PL.O percentage losers: ** Unico American UNAM.O, down 21 % ** Luckin Coffe Inc LK.O, down 16.4 % ** Quotient Ltd QTNT.O: up 19.3% Quotient Ltd develops coronavirus antibody test; shares jump ** Woodward Inc WWD.O: up 15.6% ** Hexcel Corp HXL.N: down 3.3% Aero suppliers Hexcel, Woodward scrap $6.4 bln merger on coronavirus risks ** GoDaddy Inc GDDY.N: up 10.4% GoDaddy Inc: Rises as Wedbush upgrades on relative resilience to virus pressures ** IBM IBM.N: up 6.1% IBM: Rises after naming former BofA CTO as cloud business head ** Xcel Energy XEL.O: up 7.1% Xcel Energy: Climbs on deal to sell natural gas power plant ** Thermo Fisher TMO.N: up 6.4% Thermo Fisher: Long-term fundamentals intact despite coronavirus hit -analysts ** Ulta Beauty ULTA.N: up 20.1% JPM adds Ulta Beauty to 'focus list' ** Wayfair W.N: up 38.3% Wayfair: Rises as co expects to meet or exceed Q1 targets ** MaxLiner MXL.N: up 25.8% MaxLiner to buy Intel's home gateway assets, shares rise ** Spotify SPOT.N: up 0.4% Spotify: Raymond James downgrades on coronavirus risks, shares fall ** Esperion Therapeutics ESPR.O: up 6% Esperion: Up as cholesterol drug gets approval in Europe, co enters license deal ** Axsome Therapeutics AXSM.O: up 1.7% Axsome Therapeutics: Rises after migraine drug meets main goals in late-stage study ** Netflix NFLX.O: up 3.3% Netflix: SunTrust Robinson sees 9.5 mln more subscribers in Q1 ** Cisco Systems CSCO.O: up 4.1% ** Dell Technologies Inc DELL.N: up 5.6% ** Pure Storage PSTG.N: up 10.0% ** Hewlett Packard Enterprises HPE.N: up 5.2% Raymond James cuts PTs of IT service providers ** Myriad Genetics MYGN.O: up 17.1% Myriad Genetics: Rises after cancer test launch in Japan ** Capri Holdings CPRI.N: up 29.9% Capri Holdings: Up after co furloughs N.America store staff, cuts salaries ** Akers Biosciences AKER.O: up 123.2% Akers Biosciences jumps on progress in COVID-19 vaccine development ** HyreCar HYRE.O: up 23.9% HyreCar surges on strong Q1 revenue forecast ** GW Pharma GWPH.O: up 4.4% GW Pharma: Rises after seizure drug removed from controlled substance list ** Livent Corp LTHM.N: up 7.6% Livent Corp jumps on resuming Argentina lithium production ** RH RH.N: up 16.6% RH: Surges after announcing job cuts, cost savings ** Anworth Mortgage Asset Corp ANH.N: up 20.1% Anworth Mortgage rallies as REIT reduces MBS borrowings; may delay dividend ** Hewlett Packard HPE.N: up 5.2% Hewlett Packard withdraws FY20 outlook amid virus outbreak ** Immunomedics IMMU.O: up 97.4% Immunomedics soars on compelling trial data on breast cancer drug ** Vir Biotech VIR.O: up 29.9% Vir Biotech jumps on GSK's $250 mln investment, deal for potential COVID-19 drug ** Advanced Micro Devices AMD.O: up 8.9% ** Applied Materials AMAT.O: up 8.5% ** Intel Corp INTC.O: up 6.2% ** Qualcomm Inc QCOM.O: up 7.2% ** Xilinx Inc XLNX.O: up 5.7% ** KLA Corp KLAC.O: up 13.9% Nomura Instinet sees opportunity in semiconductors amid virus outbreak- TheFly.com ** Millendo Therapeutics MLND.O: down 68.6% Millendo Therapeutics dives on scrapping drug trial for genetic illness ** Inovio Pharmaceuticals INO.O: up 10.9% Inovio rises on FDA nod for COVID-19 vaccine clinical trial ** CVS Health Corp CVS.N: up 1.6% CVS Health Corp: Rises on launch of two new drive-through COVID-19 testing sites ** Menlo Therapeutics MNLO.O: down 48.5% Menlo: Falls as skin treatment trials fail to meet goals ** RedHill Biopharma RDHL.O: up 23.9% RedHill Biopharma: Rises after dosing first COVID-19 patient with cancer drug ** Gilead Sciences GILD.O: down 2.1% Gilead Sciences: Rises on plan to ramp up production of COVID-19 trial drug ** Textron Inc TXT.N: up 10.2% Textron's business jet deliveries could fall by 25% in 2020 on virus hit - Jefferies ** Zoom Video ZM.O: down 8.1% Zoom Video: Falls on report of school districts banning Zoom, CS downgrade ** Starbucks SBUX.O: up 5.2% Starbucks: Brokerage raises PT, sees possible boost as Chinese rival faces new challenges ** Co-Diagnostics CODX.O: up 29.4% Co-Diagnostics: Jumps after FDA allows emergency use of co's COVID-19 test ** XBiotech Inc XBIT.O: up 8.4% XBiotech: Jumps on collaboration to develop COVID-19 treatment ** Hilton Worldwide Holdings HLT.N: up 13.0% ** Wynn Resorts WYNN.O: up 14.1% ** Royal Caribbean Cruises RCL.N: up 19.1% ** Marriott International Inc MAR.O: up 17.9% ** Carnival Corp CCL.N: up 25.7% ** Norwegian Cruise Line Holdings NCLH.N: up 17.8% ** Booking Holdings BKNG.O: up 8.8% ** Expedia Group Inc EXPE.O: up 8.7% Travel and leisure stocks climb on hopes of virus slowdown ** Goldman Sachs GS.N: up 6.5% ** JPMorgan JPM.N: up 5.9% ** Citigroup Inc C.N: up 8.5% ** Wells Fargo WFC.N: up 7.6% ** Bank of America BAC.N: up 5.9% ** Morgan Stanley MS.N: up 8.1% U.S. big banks rise amid broad market gains, higher yields ** Hess Corp HES.N: up 3.8% Hess: JPM sees strong Q1 but warns of challenges from extended oil weakness ** Tesla Inc TSLA.O: up 6.1% Tesla Inc: Jefferies upgrades to "buy" on robust Q1 deliveries The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 was on track to recover about $1 trillion in market value in a furious rally on Monday after a drop in the daily death toll in New York, the country's biggest coronavirus hot spot, raised hopes that the pandemic could level off soon. up 7.99% (Compiled by Sanjana Shivdas in Bengaluru) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Capri Holdings Ltd CPRI.N, up 31.2 % ** Carnival Corp CCL.N, up 26.7 % ** PVH Corp PVH.N, up 26.2 % The top three S&P 500 .PL.INX percentage losers: ** Carrier Global Corp CARR.N, down 6.3 % ** Robert Half International RHI.N, down 3.8 % ** Gilead Sciences GILD.OQ, down 2.1 % The top three NYSE .PG.N percentage gainers: ** Dillard DDS.N, up 42.4 % ** Cherry Hill Mortgage CHMI.N, up 40.8 % ** Wayfair Inc W.N, up 38.9 % The top three NYSE .PL.N percentage losers: ** Vanguard US Multifactor Fund;ETF VFMF.N, down 31.6 % ** Global X Founder-Run Companies ETF BOSS.N, down 26.8 % ** Direxion Daily Semiconductor Bear 3X SOXS.N, down 26 % The top three Nasdaq .PG.O percentage gainers: ** Akers Bioscience AKER.O, up 133.2 % ** Immunomedics IMMU.O, up 96.5 % The top three Nasdaq .PL.O percentage losers: ** Unico American UNAM.O, down 21 % ** Luckin Coffe Inc LK.O, down 16.4 % ** Quotient Ltd QTNT.O: up 19.3% Quotient Ltd develops coronavirus antibody test; shares jump ** Woodward Inc WWD.O: up 15.6% ** Hexcel Corp HXL.N: down 3.3% Aero suppliers Hexcel, Woodward scrap $6.4 bln merger on coronavirus risks ** GoDaddy Inc GDDY.N: up 10.4% GoDaddy Inc: Rises as Wedbush upgrades on relative resilience to virus pressures ** IBM IBM.N: up 6.1% IBM: Rises after naming former BofA CTO as cloud business head ** Xcel Energy XEL.O: up 7.1% Xcel Energy: Climbs on deal to sell natural gas power plant ** Thermo Fisher TMO.N: up 6.4% Thermo Fisher: Long-term fundamentals intact despite coronavirus hit -analysts ** Ulta Beauty ULTA.N: up 20.1% JPM adds Ulta Beauty to 'focus list' ** Wayfair W.N: up 38.3% Wayfair: Rises as co expects to meet or exceed Q1 targets ** MaxLiner MXL.N: up 25.8% MaxLiner to buy Intel's home gateway assets, shares rise ** Spotify SPOT.N: up 0.4% Spotify: Raymond James downgrades on coronavirus risks, shares fall ** Esperion Therapeutics ESPR.O: up 6% Esperion: Up as cholesterol drug gets approval in Europe, co enters license deal ** Axsome Therapeutics AXSM.O: up 1.7% Axsome Therapeutics: Rises after migraine drug meets main goals in late-stage study ** Netflix NFLX.O: up 3.3% Netflix: SunTrust Robinson sees 9.5 mln more subscribers in Q1 ** Cisco Systems CSCO.O: up 4.1% ** Dell Technologies Inc DELL.N: up 5.6% ** Pure Storage PSTG.N: up 10.0% ** Hewlett Packard Enterprises HPE.N: up 5.2% Raymond James cuts PTs of IT service providers ** Myriad Genetics MYGN.O: up 17.1% Myriad Genetics: Rises after cancer test launch in Japan ** Capri Holdings CPRI.N: up 29.9% Capri Holdings: Up after co furloughs N.America store staff, cuts salaries ** Akers Biosciences AKER.O: up 123.2% Akers Biosciences jumps on progress in COVID-19 vaccine development ** HyreCar HYRE.O: up 23.9% HyreCar surges on strong Q1 revenue forecast ** GW Pharma GWPH.O: up 4.4% GW Pharma: Rises after seizure drug removed from controlled substance list ** Livent Corp LTHM.N: up 7.6% Livent Corp jumps on resuming Argentina lithium production ** RH RH.N: up 16.6% RH: Surges after announcing job cuts, cost savings ** Anworth Mortgage Asset Corp ANH.N: up 20.1% Anworth Mortgage rallies as REIT reduces MBS borrowings; may delay dividend ** Hewlett Packard HPE.N: up 5.2% Hewlett Packard withdraws FY20 outlook amid virus outbreak ** Immunomedics IMMU.O: up 97.4% Immunomedics soars on compelling trial data on breast cancer drug ** Vir Biotech VIR.O: up 29.9% Vir Biotech jumps on GSK's $250 mln investment, deal for potential COVID-19 drug ** Advanced Micro Devices AMD.O: up 8.9% ** Applied Materials AMAT.O: up 8.5% ** Intel Corp INTC.O: up 6.2% ** Qualcomm Inc QCOM.O: up 7.2% ** Xilinx Inc XLNX.O: up 5.7% ** KLA Corp KLAC.O: up 13.9% Nomura Instinet sees opportunity in semiconductors amid virus outbreak- TheFly.com ** Millendo Therapeutics MLND.O: down 68.6% Millendo Therapeutics dives on scrapping drug trial for genetic illness ** Inovio Pharmaceuticals INO.O: up 10.9% Inovio rises on FDA nod for COVID-19 vaccine clinical trial ** CVS Health Corp CVS.N: up 1.6% CVS Health Corp: Rises on launch of two new drive-through COVID-19 testing sites ** Menlo Therapeutics MNLO.O: down 48.5% Menlo: Falls as skin treatment trials fail to meet goals ** RedHill Biopharma RDHL.O: up 23.9% RedHill Biopharma: Rises after dosing first COVID-19 patient with cancer drug ** Gilead Sciences GILD.O: down 2.1% Gilead Sciences: Rises on plan to ramp up production of COVID-19 trial drug ** Textron Inc TXT.N: up 10.2% Textron's business jet deliveries could fall by 25% in 2020 on virus hit - Jefferies ** Zoom Video ZM.O: down 8.1% Zoom Video: Falls on report of school districts banning Zoom, CS downgrade ** Starbucks SBUX.O: up 5.2% Starbucks: Brokerage raises PT, sees possible boost as Chinese rival faces new challenges ** Co-Diagnostics CODX.O: up 29.4% Co-Diagnostics: Jumps after FDA allows emergency use of co's COVID-19 test ** XBiotech Inc XBIT.O: up 8.4% XBiotech: Jumps on collaboration to develop COVID-19 treatment ** Hilton Worldwide Holdings HLT.N: up 13.0% ** Wynn Resorts WYNN.O: up 14.1% ** Royal Caribbean Cruises RCL.N: up 19.1% ** Marriott International Inc MAR.O: up 17.9% ** Carnival Corp CCL.N: up 25.7% ** Norwegian Cruise Line Holdings NCLH.N: up 17.8% ** Booking Holdings BKNG.O: up 8.8% ** Expedia Group Inc EXPE.O: up 8.7% Travel and leisure stocks climb on hopes of virus slowdown ** Goldman Sachs GS.N: up 6.5% ** JPMorgan JPM.N: up 5.9% ** Citigroup Inc C.N: up 8.5% ** Wells Fargo WFC.N: up 7.6% ** Bank of America BAC.N: up 5.9% ** Morgan Stanley MS.N: up 8.1% U.S. big banks rise amid broad market gains, higher yields ** Hess Corp HES.N: up 3.8% Hess: JPM sees strong Q1 but warns of challenges from extended oil weakness ** Tesla Inc TSLA.O: up 6.1% Tesla Inc: Jefferies upgrades to "buy" on robust Q1 deliveries The 11 major S&P 500 sectors: Communication Services .N At 13:54 ET, the Dow Jones Industrial Average .DJI was up 5.98% at 22,312.39. up 5.64% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** Capri Holdings Ltd CPRI.N, up 31.2 % ** Carnival Corp CCL.N, up 26.7 % ** PVH Corp PVH.N, up 26.2 % The top three S&P 500 .PL.INX percentage losers: ** Carrier Global Corp CARR.N, down 6.3 % ** Robert Half International RHI.N, down 3.8 % ** Gilead Sciences GILD.OQ, down 2.1 % The top three NYSE .PG.N percentage gainers: ** Dillard DDS.N, up 42.4 % ** Cherry Hill Mortgage CHMI.N, up 40.8 % ** Wayfair Inc W.N, up 38.9 % The top three NYSE .PL.N percentage losers: ** Vanguard US Multifactor Fund;ETF VFMF.N, down 31.6 % ** Global X Founder-Run Companies ETF BOSS.N, down 26.8 % ** Direxion Daily Semiconductor Bear 3X SOXS.N, down 26 % The top three Nasdaq .PG.O percentage gainers: ** Akers Bioscience AKER.O, up 133.2 % ** Immunomedics IMMU.O, up 96.5 % The top three Nasdaq .PL.O percentage losers: ** Unico American UNAM.O, down 21 % ** Luckin Coffe Inc LK.O, down 16.4 % ** Quotient Ltd QTNT.O: up 19.3% Quotient Ltd develops coronavirus antibody test; shares jump ** Woodward Inc WWD.O: up 15.6% ** Hexcel Corp HXL.N: down 3.3% Aero suppliers Hexcel, Woodward scrap $6.4 bln merger on coronavirus risks ** GoDaddy Inc GDDY.N: up 10.4% GoDaddy Inc: Rises as Wedbush upgrades on relative resilience to virus pressures ** IBM IBM.N: up 6.1% IBM: Rises after naming former BofA CTO as cloud business head ** Xcel Energy XEL.O: up 7.1% Xcel Energy: Climbs on deal to sell natural gas power plant ** Thermo Fisher TMO.N: up 6.4% Thermo Fisher: Long-term fundamentals intact despite coronavirus hit -analysts ** Ulta Beauty ULTA.N: up 20.1% JPM adds Ulta Beauty to 'focus list' ** Wayfair W.N: up 38.3% Wayfair: Rises as co expects to meet or exceed Q1 targets ** MaxLiner MXL.N: up 25.8% MaxLiner to buy Intel's home gateway assets, shares rise ** Spotify SPOT.N: up 0.4% Spotify: Raymond James downgrades on coronavirus risks, shares fall ** Esperion Therapeutics ESPR.O: up 6% Esperion: Up as cholesterol drug gets approval in Europe, co enters license deal ** Axsome Therapeutics AXSM.O: up 1.7% Axsome Therapeutics: Rises after migraine drug meets main goals in late-stage study ** Netflix NFLX.O: up 3.3% Netflix: SunTrust Robinson sees 9.5 mln more subscribers in Q1 ** Cisco Systems CSCO.O: up 4.1% ** Dell Technologies Inc DELL.N: up 5.6% ** Pure Storage PSTG.N: up 10.0% ** Hewlett Packard Enterprises HPE.N: up 5.2% Raymond James cuts PTs of IT service providers ** Myriad Genetics MYGN.O: up 17.1% Myriad Genetics: Rises after cancer test launch in Japan ** Capri Holdings CPRI.N: up 29.9% Capri Holdings: Up after co furloughs N.America store staff, cuts salaries ** Akers Biosciences AKER.O: up 123.2% Akers Biosciences jumps on progress in COVID-19 vaccine development ** HyreCar HYRE.O: up 23.9% HyreCar surges on strong Q1 revenue forecast ** GW Pharma GWPH.O: up 4.4% GW Pharma: Rises after seizure drug removed from controlled substance list ** Livent Corp LTHM.N: up 7.6% Livent Corp jumps on resuming Argentina lithium production ** RH RH.N: up 16.6% RH: Surges after announcing job cuts, cost savings ** Anworth Mortgage Asset Corp ANH.N: up 20.1% Anworth Mortgage rallies as REIT reduces MBS borrowings; may delay dividend ** Hewlett Packard HPE.N: up 5.2% Hewlett Packard withdraws FY20 outlook amid virus outbreak ** Immunomedics IMMU.O: up 97.4% Immunomedics soars on compelling trial data on breast cancer drug ** Vir Biotech VIR.O: up 29.9% Vir Biotech jumps on GSK's $250 mln investment, deal for potential COVID-19 drug ** Advanced Micro Devices AMD.O: up 8.9% ** Applied Materials AMAT.O: up 8.5% ** Intel Corp INTC.O: up 6.2% ** Qualcomm Inc QCOM.O: up 7.2% ** Xilinx Inc XLNX.O: up 5.7% ** KLA Corp KLAC.O: up 13.9% Nomura Instinet sees opportunity in semiconductors amid virus outbreak- TheFly.com ** Millendo Therapeutics MLND.O: down 68.6% Millendo Therapeutics dives on scrapping drug trial for genetic illness ** Inovio Pharmaceuticals INO.O: up 10.9% Inovio rises on FDA nod for COVID-19 vaccine clinical trial ** CVS Health Corp CVS.N: up 1.6% CVS Health Corp: Rises on launch of two new drive-through COVID-19 testing sites ** Menlo Therapeutics MNLO.O: down 48.5% Menlo: Falls as skin treatment trials fail to meet goals ** RedHill Biopharma RDHL.O: up 23.9% RedHill Biopharma: Rises after dosing first COVID-19 patient with cancer drug ** Gilead Sciences GILD.O: down 2.1% Gilead Sciences: Rises on plan to ramp up production of COVID-19 trial drug ** Textron Inc TXT.N: up 10.2% Textron's business jet deliveries could fall by 25% in 2020 on virus hit - Jefferies ** Zoom Video ZM.O: down 8.1% Zoom Video: Falls on report of school districts banning Zoom, CS downgrade ** Starbucks SBUX.O: up 5.2% Starbucks: Brokerage raises PT, sees possible boost as Chinese rival faces new challenges ** Co-Diagnostics CODX.O: up 29.4% Co-Diagnostics: Jumps after FDA allows emergency use of co's COVID-19 test ** XBiotech Inc XBIT.O: up 8.4% XBiotech: Jumps on collaboration to develop COVID-19 treatment ** Hilton Worldwide Holdings HLT.N: up 13.0% ** Wynn Resorts WYNN.O: up 14.1% ** Royal Caribbean Cruises RCL.N: up 19.1% ** Marriott International Inc MAR.O: up 17.9% ** Carnival Corp CCL.N: up 25.7% ** Norwegian Cruise Line Holdings NCLH.N: up 17.8% ** Booking Holdings BKNG.O: up 8.8% ** Expedia Group Inc EXPE.O: up 8.7% Travel and leisure stocks climb on hopes of virus slowdown ** Goldman Sachs GS.N: up 6.5% ** JPMorgan JPM.N: up 5.9% ** Citigroup Inc C.N: up 8.5% ** Wells Fargo WFC.N: up 7.6% ** Bank of America BAC.N: up 5.9% ** Morgan Stanley MS.N: up 8.1% U.S. big banks rise amid broad market gains, higher yields ** Hess Corp HES.N: up 3.8% Hess: JPM sees strong Q1 but warns of challenges from extended oil weakness ** Tesla Inc TSLA.O: up 6.1% Tesla Inc: Jefferies upgrades to "buy" on robust Q1 deliveries The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 was on track to recover about $1 trillion in market value in a furious rally on Monday after a drop in the daily death toll in New York, the country's biggest coronavirus hot spot, raised hopes that the pandemic could level off soon. .N At 13:54 ET, the Dow Jones Industrial Average .DJI was up 5.98% at 22,312.39.
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9d24cea9-664b-4220-8864-bb8e2f3ebd12
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726183.0
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2020-04-06 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Carnival Corp, Capri Holdings, Kohl's, Immunomedics
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DELL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-carnival-corp-capri-holdings-kohls-immunomedics-2020-04-06
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 was on track to recoup about $1 trillion in market value in a frantic rally on Monday after New York, the biggest U.S. coronavirus hot spot, reported a fall in daily deaths, raising hopes that the pandemic could level-off soon. .N
At 12:33 ET, the Dow Jones Industrial Average .DJI was up 5.53% at 22,216.62. The S&P 500 .SPX was up 5.50% at 2,625.53 and the Nasdaq Composite .IXIC was up 5.42% at 7,772.803. The top three S&P 500 .PG.INX percentage gainers: ** Carnival Corp CCL.N, up 26.3% ** Capri Holdings Ltd CPRI.N, up 24.4% ** Kohl's Corp KSS.N, up 24.1% The top three S&P 500 .PL.INX percentage losers: ** Carrier Global Corp CARR.N, down 6.4% ** Robert half International RHI.N, down 4.1% ** Eog Resources EOG.N, down 2.2% The top three NYSE .PG.N percentage gainers: ** Cherry Hill Mortgage Investment CHMI.N, up 42.2% ** Wayfair Inc W.N, up 40.1% ** Dillard DDS.N, up 37.3% The top three NYSE .PL.N percentage losers: ** Vanguard US Multifactor Fund;ETF VFMF.N, down 31.6% ** Global X Founder-Run Companies ETF BOSS.N, down 26.8% ** Direxion Daily Semiconductor Bear 3XSOXS.N, down 23.2% The top Nasdaq .PG.O percentage gainers: ** Immunomedics IMMU.O, up 91.4% ** Akers Bioscience AKER.O, up 79.9% The top Nasdaq .PL.O percentage losers: ** Unico American UNAM.O, down 21% ** Luckin Coffe Inc LK.O, down 15.9% ** Spotify SPOT.N: down 0.6%
Spotify: Raymond James downgrades on coronavirus risks, shares fall ** Esperion Therapeutics ESPR.O: up 3.9%
Esperion: Up as cholesterol drug gets approval in Europe, co enters license deal ** Axsome Therapeutics AXSM.O: up 2.1%
Axsome Therapeutics: Rises after migraine drug meets main goals in late-stage study ** Netflix NFLX.O: up 2.8%
Netflix: SunTrust Robinson sees 9.5 mln more subscribers in Q1 ** Cisco Systems CSCO.O: up 4.3% ** Dell Technologies Inc DELL.N: up 6.1% ** Pure Storage PSTG.N: up 11.6% ** Hewlett Packard Enterprises HPE.N: up 7.7%
Raymond James cuts PTs of IT service providers ** Myriad Genetics MYGN.O: up 19.2%
Myriad Genetics: Rises after cancer test launch in Japan ** Capri Holdings CPRI.N: up 25.7%
Capri Holdings: Up after co furloughs N.America store staff, cuts salaries ** Akers Biosciences AKER.O: up 90.0%
Akers Biosciences jumps on progress in COVID-19 vaccine development ** HyreCar HYRE.O: up 23.0%
HyreCar surges on strong Q1 revenue forecast ** GW Pharma GWPH.O: up 3.9%
GW Pharma: Rises after seizure drug removed from controlled substance list ** Livent Corp LTHM.N: up 8.4%
Livent Corp jumps on resuming Argentina lithium production ** RH RH.N: up 11.8%
RH: Surges after announcing job cuts, cost savings ** Anworth Mortgage Asset Corp ANH.N: up 22.5%
Anworth Mortgage rallies as REIT reduces MBS borrowings; may delay dividend ** Hewlett Packard HPE.N: up 7.7%
Hewlett Packard withdraws FY20 outlook amid virus outbreak ** Immunomedics IMMU.O: up 92.6%
Immunomedics soars on compelling trial data on breast cancer drug ** Vir Biotech VIR.O: up 16.9%
Vir Biotech surges on GSK's $250 mln investment, deal for potential COVID-19 drug ** Advanced Micro Devices AMD.O: up 8.1% ** Applied Materials AMAT.O: up 9.4% ** Intel Corp INTC.O: up 5.8% ** Qualcomm Inc QCOM.O: up 7.0% ** Xilinx Inc XLNX.O: up 5.2% ** KLA Corp KLAC.O: up 11.6%
Nomura Instinet sees opportunity in semiconductors amid virus outbreak- TheFly.com ** Millendo Therapeutics MLND.O: down 69.5%
Millendo Therapeutics dives on scrapping drug trial for genetic illness ** Inovio Pharmaceuticals INO.O: up 8.9%
Inovio rises on FDA nod for COVID-19 vaccine clinical trial ** CVS Health Corp CVS.N: up 2.0% CVS Health Corp: Rises on launch of two new drive-through COVID-19 testing sites ** Menlo Therapeutics MNLO.O: down 47.1% Menlo: Falls as skin treatment trials fail to meet goals ** RedHill Biopharma RDHL.O: up 25.8% RedHill Biopharma: Rises after dosing first COVID-19 patient with cancer drug ** Gilead Sciences GILD.O: down 2.1% Gilead Sciences: Rises on plan to ramp up production of COVID-19 trial drug ** Textron Inc TXT.N: up 10.0% Textron's business jet deliveries could fall by 25% in 2020 on virus hit - Jefferies ** Zoom Video ZM.O: down 6.4% Zoom Video: Falls on report of school districts banning Zoom, CS downgrade ** Starbucks SBUX.O: up 4.5% Starbucks: Brokerage raises PT, sees possible boost as Chinese rival faces new challenges ** Co-Diagnostics CODX.O: up 30.1% Co-Diagnostics: Jumps after FDA allows emergency use of co's COVID-19 test ** XBiotech Inc XBIT.O: up 5.7% XBiotech: Jumps on collaboration to develop COVID-19 treatment ** Hilton Worldwide Holdings HLT.N: up 13.1% ** Wynn Resorts WYNN.O: up 14.7% ** Royal Caribbean Cruises RCL.N: up 17.8% ** Marriott International Inc MAR.O: up 17.4% ** Carnival Corp CCL.N: up 22.9% ** Norwegian Cruise Line Holdings NCLH.N: up 15.6% ** Booking Holdings BKNG.O: up 9.6% ** Expedia Group Inc EXPE.O: up 8.4% Travel and leisure stocks climb on hopes of virus slowdown ** Goldman Sachs GS.N: up 6.7% ** JPMorgan JPM.N: up 6.3% ** Citigroup Inc C.N: up 8.7% ** Wells Fargo WFC.N: up 8.0% ** Bank of America BAC.N: up 6.1% ** Morgan Stanley MS.N: up 8.1% U.S. big banks rise amid broad market gains, higher yields ** Hess Corp HES.N: up 4.9% Hess: JPM sees strong Q1 but warns of challenges from extended oil weakness ** Tesla Inc TSLA.O: up 6.4% Tesla Inc: Jefferies upgrades to "buy" on robust Q1 deliveries
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 5.04%
Consumer Discretionary
.SPLRCD
up 6.20%
Consumer Staples
.SPLRCS
up 3.00%
Energy
.SPNY
up 3.25%
Financial
.SPSY
up 6.32%
Health
.SPXHC
up 4.10%
Industrial
.SPLRCI
up 6.04%
Information Technology
.SPLRCT
up 6.14%
Materials
.SPLRCM
up 7.46%
Real Estate
.SPLRCR
up 6.84%
Utilities
.SPLRCU
up 8.00%
(Compiled by Sanjana Shivdas in Bengaluru)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))
The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Carnival Corp CCL.N, up 26.3% ** Capri Holdings Ltd CPRI.N, up 24.4% ** Kohl's Corp KSS.N, up 24.1% The top three S&P 500 .PL.INX percentage losers: ** Carrier Global Corp CARR.N, down 6.4% ** Robert half International RHI.N, down 4.1% ** Eog Resources EOG.N, down 2.2% The top three NYSE .PG.N percentage gainers: ** Cherry Hill Mortgage Investment CHMI.N, up 42.2% ** Wayfair Inc W.N, up 40.1% ** Dillard DDS.N, up 37.3% The top three NYSE .PL.N percentage losers: ** Vanguard US Multifactor Fund;ETF VFMF.N, down 31.6% ** Global X Founder-Run Companies ETF BOSS.N, down 26.8% ** Direxion Daily Semiconductor Bear 3XSOXS.N, down 23.2% The top Nasdaq .PG.O percentage gainers: ** Immunomedics IMMU.O, up 91.4% ** Akers Bioscience AKER.O, up 79.9% The top Nasdaq .PL.O percentage losers: ** Unico American UNAM.O, down 21% ** Luckin Coffe Inc LK.O, down 15.9% ** Spotify SPOT.N: down 0.6% Spotify: Raymond James downgrades on coronavirus risks, shares fall ** Esperion Therapeutics ESPR.O: up 3.9% Esperion: Up as cholesterol drug gets approval in Europe, co enters license deal ** Axsome Therapeutics AXSM.O: up 2.1% Axsome Therapeutics: Rises after migraine drug meets main goals in late-stage study ** Netflix NFLX.O: up 2.8% Netflix: SunTrust Robinson sees 9.5 mln more subscribers in Q1 ** Cisco Systems CSCO.O: up 4.3% ** Dell Technologies Inc DELL.N: up 6.1% ** Pure Storage PSTG.N: up 11.6% ** Hewlett Packard Enterprises HPE.N: up 7.7% Raymond James cuts PTs of IT service providers ** Myriad Genetics MYGN.O: up 19.2% Myriad Genetics: Rises after cancer test launch in Japan ** Capri Holdings CPRI.N: up 25.7% Capri Holdings: Up after co furloughs N.America store staff, cuts salaries ** Akers Biosciences AKER.O: up 90.0% Akers Biosciences jumps on progress in COVID-19 vaccine development ** HyreCar HYRE.O: up 23.0% HyreCar surges on strong Q1 revenue forecast ** GW Pharma GWPH.O: up 3.9% GW Pharma: Rises after seizure drug removed from controlled substance list ** Livent Corp LTHM.N: up 8.4% Livent Corp jumps on resuming Argentina lithium production ** RH RH.N: up 11.8% RH: Surges after announcing job cuts, cost savings ** Anworth Mortgage Asset Corp ANH.N: up 22.5% Anworth Mortgage rallies as REIT reduces MBS borrowings; may delay dividend ** Hewlett Packard HPE.N: up 7.7% Hewlett Packard withdraws FY20 outlook amid virus outbreak ** Immunomedics IMMU.O: up 92.6% Immunomedics soars on compelling trial data on breast cancer drug ** Vir Biotech VIR.O: up 16.9% Vir Biotech surges on GSK's $250 mln investment, deal for potential COVID-19 drug ** Advanced Micro Devices AMD.O: up 8.1% ** Applied Materials AMAT.O: up 9.4% ** Intel Corp INTC.O: up 5.8% ** Qualcomm Inc QCOM.O: up 7.0% ** Xilinx Inc XLNX.O: up 5.2% ** KLA Corp KLAC.O: up 11.6% Nomura Instinet sees opportunity in semiconductors amid virus outbreak- TheFly.com ** Millendo Therapeutics MLND.O: down 69.5% Millendo Therapeutics dives on scrapping drug trial for genetic illness ** Inovio Pharmaceuticals INO.O: up 8.9% Inovio rises on FDA nod for COVID-19 vaccine clinical trial ** CVS Health Corp CVS.N: up 2.0% CVS Health Corp: Rises on launch of two new drive-through COVID-19 testing sites ** Menlo Therapeutics MNLO.O: down 47.1% Menlo: Falls as skin treatment trials fail to meet goals ** RedHill Biopharma RDHL.O: up 25.8% RedHill Biopharma: Rises after dosing first COVID-19 patient with cancer drug ** Gilead Sciences GILD.O: down 2.1% Gilead Sciences: Rises on plan to ramp up production of COVID-19 trial drug ** Textron Inc TXT.N: up 10.0% Textron's business jet deliveries could fall by 25% in 2020 on virus hit - Jefferies ** Zoom Video ZM.O: down 6.4% Zoom Video: Falls on report of school districts banning Zoom, CS downgrade ** Starbucks SBUX.O: up 4.5% Starbucks: Brokerage raises PT, sees possible boost as Chinese rival faces new challenges ** Co-Diagnostics CODX.O: up 30.1% Co-Diagnostics: Jumps after FDA allows emergency use of co's COVID-19 test ** XBiotech Inc XBIT.O: up 5.7% XBiotech: Jumps on collaboration to develop COVID-19 treatment ** Hilton Worldwide Holdings HLT.N: up 13.1% ** Wynn Resorts WYNN.O: up 14.7% ** Royal Caribbean Cruises RCL.N: up 17.8% ** Marriott International Inc MAR.O: up 17.4% ** Carnival Corp CCL.N: up 22.9% ** Norwegian Cruise Line Holdings NCLH.N: up 15.6% ** Booking Holdings BKNG.O: up 9.6% ** Expedia Group Inc EXPE.O: up 8.4% Travel and leisure stocks climb on hopes of virus slowdown ** Goldman Sachs GS.N: up 6.7% ** JPMorgan JPM.N: up 6.3% ** Citigroup Inc C.N: up 8.7% ** Wells Fargo WFC.N: up 8.0% ** Bank of America BAC.N: up 6.1% ** Morgan Stanley MS.N: up 8.1% U.S. big banks rise amid broad market gains, higher yields ** Hess Corp HES.N: up 4.9% Hess: JPM sees strong Q1 but warns of challenges from extended oil weakness ** Tesla Inc TSLA.O: up 6.4% Tesla Inc: Jefferies upgrades to "buy" on robust Q1 deliveries The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 was on track to recoup about $1 trillion in market value in a frantic rally on Monday after New York, the biggest U.S. coronavirus hot spot, reported a fall in daily deaths, raising hopes that the pandemic could level-off soon. up 8.00% (Compiled by Sanjana Shivdas in Bengaluru) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Carnival Corp CCL.N, up 26.3% ** Capri Holdings Ltd CPRI.N, up 24.4% ** Kohl's Corp KSS.N, up 24.1% The top three S&P 500 .PL.INX percentage losers: ** Carrier Global Corp CARR.N, down 6.4% ** Robert half International RHI.N, down 4.1% ** Eog Resources EOG.N, down 2.2% The top three NYSE .PG.N percentage gainers: ** Cherry Hill Mortgage Investment CHMI.N, up 42.2% ** Wayfair Inc W.N, up 40.1% ** Dillard DDS.N, up 37.3% The top three NYSE .PL.N percentage losers: ** Vanguard US Multifactor Fund;ETF VFMF.N, down 31.6% ** Global X Founder-Run Companies ETF BOSS.N, down 26.8% ** Direxion Daily Semiconductor Bear 3XSOXS.N, down 23.2% The top Nasdaq .PG.O percentage gainers: ** Immunomedics IMMU.O, up 91.4% ** Akers Bioscience AKER.O, up 79.9% The top Nasdaq .PL.O percentage losers: ** Unico American UNAM.O, down 21% ** Luckin Coffe Inc LK.O, down 15.9% ** Spotify SPOT.N: down 0.6% Spotify: Raymond James downgrades on coronavirus risks, shares fall ** Esperion Therapeutics ESPR.O: up 3.9% Esperion: Up as cholesterol drug gets approval in Europe, co enters license deal ** Axsome Therapeutics AXSM.O: up 2.1% Axsome Therapeutics: Rises after migraine drug meets main goals in late-stage study ** Netflix NFLX.O: up 2.8% Netflix: SunTrust Robinson sees 9.5 mln more subscribers in Q1 ** Cisco Systems CSCO.O: up 4.3% ** Dell Technologies Inc DELL.N: up 6.1% ** Pure Storage PSTG.N: up 11.6% ** Hewlett Packard Enterprises HPE.N: up 7.7% Raymond James cuts PTs of IT service providers ** Myriad Genetics MYGN.O: up 19.2% Myriad Genetics: Rises after cancer test launch in Japan ** Capri Holdings CPRI.N: up 25.7% Capri Holdings: Up after co furloughs N.America store staff, cuts salaries ** Akers Biosciences AKER.O: up 90.0% Akers Biosciences jumps on progress in COVID-19 vaccine development ** HyreCar HYRE.O: up 23.0% HyreCar surges on strong Q1 revenue forecast ** GW Pharma GWPH.O: up 3.9% GW Pharma: Rises after seizure drug removed from controlled substance list ** Livent Corp LTHM.N: up 8.4% Livent Corp jumps on resuming Argentina lithium production ** RH RH.N: up 11.8% RH: Surges after announcing job cuts, cost savings ** Anworth Mortgage Asset Corp ANH.N: up 22.5% Anworth Mortgage rallies as REIT reduces MBS borrowings; may delay dividend ** Hewlett Packard HPE.N: up 7.7% Hewlett Packard withdraws FY20 outlook amid virus outbreak ** Immunomedics IMMU.O: up 92.6% Immunomedics soars on compelling trial data on breast cancer drug ** Vir Biotech VIR.O: up 16.9% Vir Biotech surges on GSK's $250 mln investment, deal for potential COVID-19 drug ** Advanced Micro Devices AMD.O: up 8.1% ** Applied Materials AMAT.O: up 9.4% ** Intel Corp INTC.O: up 5.8% ** Qualcomm Inc QCOM.O: up 7.0% ** Xilinx Inc XLNX.O: up 5.2% ** KLA Corp KLAC.O: up 11.6% Nomura Instinet sees opportunity in semiconductors amid virus outbreak- TheFly.com ** Millendo Therapeutics MLND.O: down 69.5% Millendo Therapeutics dives on scrapping drug trial for genetic illness ** Inovio Pharmaceuticals INO.O: up 8.9% Inovio rises on FDA nod for COVID-19 vaccine clinical trial ** CVS Health Corp CVS.N: up 2.0% CVS Health Corp: Rises on launch of two new drive-through COVID-19 testing sites ** Menlo Therapeutics MNLO.O: down 47.1% Menlo: Falls as skin treatment trials fail to meet goals ** RedHill Biopharma RDHL.O: up 25.8% RedHill Biopharma: Rises after dosing first COVID-19 patient with cancer drug ** Gilead Sciences GILD.O: down 2.1% Gilead Sciences: Rises on plan to ramp up production of COVID-19 trial drug ** Textron Inc TXT.N: up 10.0% Textron's business jet deliveries could fall by 25% in 2020 on virus hit - Jefferies ** Zoom Video ZM.O: down 6.4% Zoom Video: Falls on report of school districts banning Zoom, CS downgrade ** Starbucks SBUX.O: up 4.5% Starbucks: Brokerage raises PT, sees possible boost as Chinese rival faces new challenges ** Co-Diagnostics CODX.O: up 30.1% Co-Diagnostics: Jumps after FDA allows emergency use of co's COVID-19 test ** XBiotech Inc XBIT.O: up 5.7% XBiotech: Jumps on collaboration to develop COVID-19 treatment ** Hilton Worldwide Holdings HLT.N: up 13.1% ** Wynn Resorts WYNN.O: up 14.7% ** Royal Caribbean Cruises RCL.N: up 17.8% ** Marriott International Inc MAR.O: up 17.4% ** Carnival Corp CCL.N: up 22.9% ** Norwegian Cruise Line Holdings NCLH.N: up 15.6% ** Booking Holdings BKNG.O: up 9.6% ** Expedia Group Inc EXPE.O: up 8.4% Travel and leisure stocks climb on hopes of virus slowdown ** Goldman Sachs GS.N: up 6.7% ** JPMorgan JPM.N: up 6.3% ** Citigroup Inc C.N: up 8.7% ** Wells Fargo WFC.N: up 8.0% ** Bank of America BAC.N: up 6.1% ** Morgan Stanley MS.N: up 8.1% U.S. big banks rise amid broad market gains, higher yields ** Hess Corp HES.N: up 4.9% Hess: JPM sees strong Q1 but warns of challenges from extended oil weakness ** Tesla Inc TSLA.O: up 6.4% Tesla Inc: Jefferies upgrades to "buy" on robust Q1 deliveries The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 was on track to recoup about $1 trillion in market value in a frantic rally on Monday after New York, the biggest U.S. coronavirus hot spot, reported a fall in daily deaths, raising hopes that the pandemic could level-off soon. up 8.00% (Compiled by Sanjana Shivdas in Bengaluru) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** Carnival Corp CCL.N, up 26.3% ** Capri Holdings Ltd CPRI.N, up 24.4% ** Kohl's Corp KSS.N, up 24.1% The top three S&P 500 .PL.INX percentage losers: ** Carrier Global Corp CARR.N, down 6.4% ** Robert half International RHI.N, down 4.1% ** Eog Resources EOG.N, down 2.2% The top three NYSE .PG.N percentage gainers: ** Cherry Hill Mortgage Investment CHMI.N, up 42.2% ** Wayfair Inc W.N, up 40.1% ** Dillard DDS.N, up 37.3% The top three NYSE .PL.N percentage losers: ** Vanguard US Multifactor Fund;ETF VFMF.N, down 31.6% ** Global X Founder-Run Companies ETF BOSS.N, down 26.8% ** Direxion Daily Semiconductor Bear 3XSOXS.N, down 23.2% The top Nasdaq .PG.O percentage gainers: ** Immunomedics IMMU.O, up 91.4% ** Akers Bioscience AKER.O, up 79.9% The top Nasdaq .PL.O percentage losers: ** Unico American UNAM.O, down 21% ** Luckin Coffe Inc LK.O, down 15.9% ** Spotify SPOT.N: down 0.6% Spotify: Raymond James downgrades on coronavirus risks, shares fall ** Esperion Therapeutics ESPR.O: up 3.9% Esperion: Up as cholesterol drug gets approval in Europe, co enters license deal ** Axsome Therapeutics AXSM.O: up 2.1% Axsome Therapeutics: Rises after migraine drug meets main goals in late-stage study ** Netflix NFLX.O: up 2.8% Netflix: SunTrust Robinson sees 9.5 mln more subscribers in Q1 ** Cisco Systems CSCO.O: up 4.3% ** Dell Technologies Inc DELL.N: up 6.1% ** Pure Storage PSTG.N: up 11.6% ** Hewlett Packard Enterprises HPE.N: up 7.7% Raymond James cuts PTs of IT service providers ** Myriad Genetics MYGN.O: up 19.2% Myriad Genetics: Rises after cancer test launch in Japan ** Capri Holdings CPRI.N: up 25.7% Capri Holdings: Up after co furloughs N.America store staff, cuts salaries ** Akers Biosciences AKER.O: up 90.0% Akers Biosciences jumps on progress in COVID-19 vaccine development ** HyreCar HYRE.O: up 23.0% HyreCar surges on strong Q1 revenue forecast ** GW Pharma GWPH.O: up 3.9% GW Pharma: Rises after seizure drug removed from controlled substance list ** Livent Corp LTHM.N: up 8.4% Livent Corp jumps on resuming Argentina lithium production ** RH RH.N: up 11.8% RH: Surges after announcing job cuts, cost savings ** Anworth Mortgage Asset Corp ANH.N: up 22.5% Anworth Mortgage rallies as REIT reduces MBS borrowings; may delay dividend ** Hewlett Packard HPE.N: up 7.7% Hewlett Packard withdraws FY20 outlook amid virus outbreak ** Immunomedics IMMU.O: up 92.6% Immunomedics soars on compelling trial data on breast cancer drug ** Vir Biotech VIR.O: up 16.9% Vir Biotech surges on GSK's $250 mln investment, deal for potential COVID-19 drug ** Advanced Micro Devices AMD.O: up 8.1% ** Applied Materials AMAT.O: up 9.4% ** Intel Corp INTC.O: up 5.8% ** Qualcomm Inc QCOM.O: up 7.0% ** Xilinx Inc XLNX.O: up 5.2% ** KLA Corp KLAC.O: up 11.6% Nomura Instinet sees opportunity in semiconductors amid virus outbreak- TheFly.com ** Millendo Therapeutics MLND.O: down 69.5% Millendo Therapeutics dives on scrapping drug trial for genetic illness ** Inovio Pharmaceuticals INO.O: up 8.9% Inovio rises on FDA nod for COVID-19 vaccine clinical trial ** CVS Health Corp CVS.N: up 2.0% CVS Health Corp: Rises on launch of two new drive-through COVID-19 testing sites ** Menlo Therapeutics MNLO.O: down 47.1% Menlo: Falls as skin treatment trials fail to meet goals ** RedHill Biopharma RDHL.O: up 25.8% RedHill Biopharma: Rises after dosing first COVID-19 patient with cancer drug ** Gilead Sciences GILD.O: down 2.1% Gilead Sciences: Rises on plan to ramp up production of COVID-19 trial drug ** Textron Inc TXT.N: up 10.0% Textron's business jet deliveries could fall by 25% in 2020 on virus hit - Jefferies ** Zoom Video ZM.O: down 6.4% Zoom Video: Falls on report of school districts banning Zoom, CS downgrade ** Starbucks SBUX.O: up 4.5% Starbucks: Brokerage raises PT, sees possible boost as Chinese rival faces new challenges ** Co-Diagnostics CODX.O: up 30.1% Co-Diagnostics: Jumps after FDA allows emergency use of co's COVID-19 test ** XBiotech Inc XBIT.O: up 5.7% XBiotech: Jumps on collaboration to develop COVID-19 treatment ** Hilton Worldwide Holdings HLT.N: up 13.1% ** Wynn Resorts WYNN.O: up 14.7% ** Royal Caribbean Cruises RCL.N: up 17.8% ** Marriott International Inc MAR.O: up 17.4% ** Carnival Corp CCL.N: up 22.9% ** Norwegian Cruise Line Holdings NCLH.N: up 15.6% ** Booking Holdings BKNG.O: up 9.6% ** Expedia Group Inc EXPE.O: up 8.4% Travel and leisure stocks climb on hopes of virus slowdown ** Goldman Sachs GS.N: up 6.7% ** JPMorgan JPM.N: up 6.3% ** Citigroup Inc C.N: up 8.7% ** Wells Fargo WFC.N: up 8.0% ** Bank of America BAC.N: up 6.1% ** Morgan Stanley MS.N: up 8.1% U.S. big banks rise amid broad market gains, higher yields ** Hess Corp HES.N: up 4.9% Hess: JPM sees strong Q1 but warns of challenges from extended oil weakness ** Tesla Inc TSLA.O: up 6.4% Tesla Inc: Jefferies upgrades to "buy" on robust Q1 deliveries The 11 major S&P 500 sectors: Communication Services .N At 12:33 ET, the Dow Jones Industrial Average .DJI was up 5.53% at 22,216.62. up 5.04% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** Carnival Corp CCL.N, up 26.3% ** Capri Holdings Ltd CPRI.N, up 24.4% ** Kohl's Corp KSS.N, up 24.1% The top three S&P 500 .PL.INX percentage losers: ** Carrier Global Corp CARR.N, down 6.4% ** Robert half International RHI.N, down 4.1% ** Eog Resources EOG.N, down 2.2% The top three NYSE .PG.N percentage gainers: ** Cherry Hill Mortgage Investment CHMI.N, up 42.2% ** Wayfair Inc W.N, up 40.1% ** Dillard DDS.N, up 37.3% The top three NYSE .PL.N percentage losers: ** Vanguard US Multifactor Fund;ETF VFMF.N, down 31.6% ** Global X Founder-Run Companies ETF BOSS.N, down 26.8% ** Direxion Daily Semiconductor Bear 3XSOXS.N, down 23.2% The top Nasdaq .PG.O percentage gainers: ** Immunomedics IMMU.O, up 91.4% ** Akers Bioscience AKER.O, up 79.9% The top Nasdaq .PL.O percentage losers: ** Unico American UNAM.O, down 21% ** Luckin Coffe Inc LK.O, down 15.9% ** Spotify SPOT.N: down 0.6% Spotify: Raymond James downgrades on coronavirus risks, shares fall ** Esperion Therapeutics ESPR.O: up 3.9% Esperion: Up as cholesterol drug gets approval in Europe, co enters license deal ** Axsome Therapeutics AXSM.O: up 2.1% Axsome Therapeutics: Rises after migraine drug meets main goals in late-stage study ** Netflix NFLX.O: up 2.8% Netflix: SunTrust Robinson sees 9.5 mln more subscribers in Q1 ** Cisco Systems CSCO.O: up 4.3% ** Dell Technologies Inc DELL.N: up 6.1% ** Pure Storage PSTG.N: up 11.6% ** Hewlett Packard Enterprises HPE.N: up 7.7% Raymond James cuts PTs of IT service providers ** Myriad Genetics MYGN.O: up 19.2% Myriad Genetics: Rises after cancer test launch in Japan ** Capri Holdings CPRI.N: up 25.7% Capri Holdings: Up after co furloughs N.America store staff, cuts salaries ** Akers Biosciences AKER.O: up 90.0% Akers Biosciences jumps on progress in COVID-19 vaccine development ** HyreCar HYRE.O: up 23.0% HyreCar surges on strong Q1 revenue forecast ** GW Pharma GWPH.O: up 3.9% GW Pharma: Rises after seizure drug removed from controlled substance list ** Livent Corp LTHM.N: up 8.4% Livent Corp jumps on resuming Argentina lithium production ** RH RH.N: up 11.8% RH: Surges after announcing job cuts, cost savings ** Anworth Mortgage Asset Corp ANH.N: up 22.5% Anworth Mortgage rallies as REIT reduces MBS borrowings; may delay dividend ** Hewlett Packard HPE.N: up 7.7% Hewlett Packard withdraws FY20 outlook amid virus outbreak ** Immunomedics IMMU.O: up 92.6% Immunomedics soars on compelling trial data on breast cancer drug ** Vir Biotech VIR.O: up 16.9% Vir Biotech surges on GSK's $250 mln investment, deal for potential COVID-19 drug ** Advanced Micro Devices AMD.O: up 8.1% ** Applied Materials AMAT.O: up 9.4% ** Intel Corp INTC.O: up 5.8% ** Qualcomm Inc QCOM.O: up 7.0% ** Xilinx Inc XLNX.O: up 5.2% ** KLA Corp KLAC.O: up 11.6% Nomura Instinet sees opportunity in semiconductors amid virus outbreak- TheFly.com ** Millendo Therapeutics MLND.O: down 69.5% Millendo Therapeutics dives on scrapping drug trial for genetic illness ** Inovio Pharmaceuticals INO.O: up 8.9% Inovio rises on FDA nod for COVID-19 vaccine clinical trial ** CVS Health Corp CVS.N: up 2.0% CVS Health Corp: Rises on launch of two new drive-through COVID-19 testing sites ** Menlo Therapeutics MNLO.O: down 47.1% Menlo: Falls as skin treatment trials fail to meet goals ** RedHill Biopharma RDHL.O: up 25.8% RedHill Biopharma: Rises after dosing first COVID-19 patient with cancer drug ** Gilead Sciences GILD.O: down 2.1% Gilead Sciences: Rises on plan to ramp up production of COVID-19 trial drug ** Textron Inc TXT.N: up 10.0% Textron's business jet deliveries could fall by 25% in 2020 on virus hit - Jefferies ** Zoom Video ZM.O: down 6.4% Zoom Video: Falls on report of school districts banning Zoom, CS downgrade ** Starbucks SBUX.O: up 4.5% Starbucks: Brokerage raises PT, sees possible boost as Chinese rival faces new challenges ** Co-Diagnostics CODX.O: up 30.1% Co-Diagnostics: Jumps after FDA allows emergency use of co's COVID-19 test ** XBiotech Inc XBIT.O: up 5.7% XBiotech: Jumps on collaboration to develop COVID-19 treatment ** Hilton Worldwide Holdings HLT.N: up 13.1% ** Wynn Resorts WYNN.O: up 14.7% ** Royal Caribbean Cruises RCL.N: up 17.8% ** Marriott International Inc MAR.O: up 17.4% ** Carnival Corp CCL.N: up 22.9% ** Norwegian Cruise Line Holdings NCLH.N: up 15.6% ** Booking Holdings BKNG.O: up 9.6% ** Expedia Group Inc EXPE.O: up 8.4% Travel and leisure stocks climb on hopes of virus slowdown ** Goldman Sachs GS.N: up 6.7% ** JPMorgan JPM.N: up 6.3% ** Citigroup Inc C.N: up 8.7% ** Wells Fargo WFC.N: up 8.0% ** Bank of America BAC.N: up 6.1% ** Morgan Stanley MS.N: up 8.1% U.S. big banks rise amid broad market gains, higher yields ** Hess Corp HES.N: up 4.9% Hess: JPM sees strong Q1 but warns of challenges from extended oil weakness ** Tesla Inc TSLA.O: up 6.4% Tesla Inc: Jefferies upgrades to "buy" on robust Q1 deliveries The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 was on track to recoup about $1 trillion in market value in a frantic rally on Monday after New York, the biggest U.S. coronavirus hot spot, reported a fall in daily deaths, raising hopes that the pandemic could level-off soon. .N At 12:33 ET, the Dow Jones Industrial Average .DJI was up 5.53% at 22,216.62.
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d4d2ddf2-a80e-45a0-ad3f-319f6ed403c3
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726184.0
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2020-04-05 00:00:00 UTC
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EXCLUSIVE-Silver Lake to seek more than $16 bln for buyout fund-sources
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DELL
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https://www.nasdaq.com/articles/exclusive-silver-lake-to-seek-more-than-%2416-bln-for-buyout-fund-sources-2020-04-05
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nan
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nan
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By Chibuike Oguh and Joshua Franklin
April 5 (Reuters) - Private equity firm Silver Lake Partners is preparing to seek at least $16 billion from investors for its sixth flagship buyout fund, braving the economic uncertainty of the coronavirus outbreak, according to people familiar with the matter.
Investing the money raised in the coming months could allow Silver Lake to snap up companies at depressed valuations, given the pandemic's impact on the global economy, including the technology and media sectors that the private equity firm focuses on, the sources said.
Buyout funds typically return money to investors three to seven years following their fundraising, long after this pandemic is expected to have subsided. Nevertheless, concerns among institutional investors, such as public pension funds and insurance firms, about their liquidity amid the market turmoil will make Silver Lake's fundraising a key test of buyout firms' ability to fundraise during the crisis.
Silver Lake is preparing to start raising the new fund, Silver Lake Partners VI, in the second quarter, amassing between $16 billion to $18 billion, said the sources, who cautioned that the plans are still subject to change.
The sources declined to be identified because the preparations are confidential. Silver Lake declined to comment.
Last year, Blackstone Group Inc BX.N, the world's largest private equity firm, raised a $26 billion flagship buyout fund while Vista Equity Partners Management LLC raised $16 billion from investors for its seventh technology buyout fund. CVC Capital Partners Ltd is also raising up to 20 billion euros ($21.63 billion) for its latest buyout fund, which is expected to be the largest ever fund raised in Europe.
More than half a trillion dollars flowed into technology-focused buyout funds, including Silver Lake, between 2008 and 2018, according to data provider Preqin, helping to support dealmaking among companies in software, social media, and cybersecurity.
Silver Lake has $43 billion in assets under management, and its portfolio of companies includes social media firm Twitter Inc TWTR.N, computer hardware maker Dell Technologies Inc DELL.N, and movie theater chain AMC Entertainment Holdings Inc AMC.N, according to its website.
Silver Lake raised $15 billion from investors in 2017 for its fifth buyout fund. That fund had an initial target of $12.5 billion, and as of the end of December 2018 had delivered an internal rate of return (IRR) of 11%, according to the website of Minnesota State Board of Investment, one of Silver Lake's investors.
The prior $10.3 billion fund, Silver Lake Partners IV, had delivered an IRR of 24.4% as of the end of December, according to the Minnesota State Board of Investment. By comparison, the Minnesota State Board of Investment's entire private equity portfolio delivered an IRR of 12.5%.
($1 = 0.9246 euros)
(Reporting by Chibuike Oguh and Joshua Franklin in New York; editing by Diane Craft)
((Chibuike.Oguh@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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Silver Lake has $43 billion in assets under management, and its portfolio of companies includes social media firm Twitter Inc TWTR.N, computer hardware maker Dell Technologies Inc DELL.N, and movie theater chain AMC Entertainment Holdings Inc AMC.N, according to its website. By Chibuike Oguh and Joshua Franklin April 5 (Reuters) - Private equity firm Silver Lake Partners is preparing to seek at least $16 billion from investors for its sixth flagship buyout fund, braving the economic uncertainty of the coronavirus outbreak, according to people familiar with the matter. Investing the money raised in the coming months could allow Silver Lake to snap up companies at depressed valuations, given the pandemic's impact on the global economy, including the technology and media sectors that the private equity firm focuses on, the sources said.
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Silver Lake has $43 billion in assets under management, and its portfolio of companies includes social media firm Twitter Inc TWTR.N, computer hardware maker Dell Technologies Inc DELL.N, and movie theater chain AMC Entertainment Holdings Inc AMC.N, according to its website. By Chibuike Oguh and Joshua Franklin April 5 (Reuters) - Private equity firm Silver Lake Partners is preparing to seek at least $16 billion from investors for its sixth flagship buyout fund, braving the economic uncertainty of the coronavirus outbreak, according to people familiar with the matter. Last year, Blackstone Group Inc BX.N, the world's largest private equity firm, raised a $26 billion flagship buyout fund while Vista Equity Partners Management LLC raised $16 billion from investors for its seventh technology buyout fund.
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Silver Lake has $43 billion in assets under management, and its portfolio of companies includes social media firm Twitter Inc TWTR.N, computer hardware maker Dell Technologies Inc DELL.N, and movie theater chain AMC Entertainment Holdings Inc AMC.N, according to its website. By Chibuike Oguh and Joshua Franklin April 5 (Reuters) - Private equity firm Silver Lake Partners is preparing to seek at least $16 billion from investors for its sixth flagship buyout fund, braving the economic uncertainty of the coronavirus outbreak, according to people familiar with the matter. Silver Lake is preparing to start raising the new fund, Silver Lake Partners VI, in the second quarter, amassing between $16 billion to $18 billion, said the sources, who cautioned that the plans are still subject to change.
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Silver Lake has $43 billion in assets under management, and its portfolio of companies includes social media firm Twitter Inc TWTR.N, computer hardware maker Dell Technologies Inc DELL.N, and movie theater chain AMC Entertainment Holdings Inc AMC.N, according to its website. Buyout funds typically return money to investors three to seven years following their fundraising, long after this pandemic is expected to have subsided. Last year, Blackstone Group Inc BX.N, the world's largest private equity firm, raised a $26 billion flagship buyout fund while Vista Equity Partners Management LLC raised $16 billion from investors for its seventh technology buyout fund.
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7b111650-6ea9-4aab-86c1-a50e2b70ad33
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726185.0
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2020-04-03 00:00:00 UTC
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Technology Sector Update for 04/03/2020: DELL,HIMX,AEHR
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-04-03-2020%3A-dellhimxaehr-2020-04-03
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nan
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nan
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Top Tech Stocks
MSFT -1.56%
AAPL -1.76%
IBM -4.10%
CSCO -2.59%
GOOG -2.83%
Technology stocks turned lower this afternoon, with the SPDR Technology Select Sector ETF declining 2.3% while the Philadelphia Semiconductor Index was slipping 3%.
Among technology stocks moving on news:
(-) Dell Technologies (DELL) fell 3.7% after the computer hardware manufacturer Friday said it has begun a private placement of its first lien notes, with plans to use the net proceeds for general corporate purposes, including repaying debt. The company has been expecting to repay around $5.5 billion during its FY21 ending next January, conditional on the impact of the COVID-19 pandemic on the company's business performance.
In other sector news:
(-) Himax Technologies (HIMX) was down 3.5%, giving back a 5.3% advance soon after Friday's opening bell following the fabless chipmaker reporting preliminary non-IFRS Q1 net income of $0.022 per American depositary share, topping the Capital IQ consensus looking for a $0.01 per ADS quarterly profit. Revenue rose 13% year-over-year to $184.6 million during the three months ended March 31 but lagged the $187.5 million analyst mean.
(-) Aehr Test Systems (AEHR) dropped almost 21% after the semiconductor test equipment company Thursday reported a 93% year-over-year increase in fiscal Q3 revenue, rising to $6.1 million during the three months ended Feb. 29 but still trailing the single-analyst estimate expecting $7.73 million in revenue. The company reported adjusted EPS of $0.02 for the quarter, reversing from a loss of $0.07 per share a year earlier. The company also withdrew its FY20 guidance due to the COVID-19 pandemic.
The views and 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 technology stocks moving on news: (-) Dell Technologies (DELL) fell 3.7% after the computer hardware manufacturer Friday said it has begun a private placement of its first lien notes, with plans to use the net proceeds for general corporate purposes, including repaying debt. In other sector news: (-) Himax Technologies (HIMX) was down 3.5%, giving back a 5.3% advance soon after Friday's opening bell following the fabless chipmaker reporting preliminary non-IFRS Q1 net income of $0.022 per American depositary share, topping the Capital IQ consensus looking for a $0.01 per ADS quarterly profit. (-) Aehr Test Systems (AEHR) dropped almost 21% after the semiconductor test equipment company Thursday reported a 93% year-over-year increase in fiscal Q3 revenue, rising to $6.1 million during the three months ended Feb. 29 but still trailing the single-analyst estimate expecting $7.73 million in revenue.
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Among technology stocks moving on news: (-) Dell Technologies (DELL) fell 3.7% after the computer hardware manufacturer Friday said it has begun a private placement of its first lien notes, with plans to use the net proceeds for general corporate purposes, including repaying debt. Revenue rose 13% year-over-year to $184.6 million during the three months ended March 31 but lagged the $187.5 million analyst mean. (-) Aehr Test Systems (AEHR) dropped almost 21% after the semiconductor test equipment company Thursday reported a 93% year-over-year increase in fiscal Q3 revenue, rising to $6.1 million during the three months ended Feb. 29 but still trailing the single-analyst estimate expecting $7.73 million in revenue.
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Among technology stocks moving on news: (-) Dell Technologies (DELL) fell 3.7% after the computer hardware manufacturer Friday said it has begun a private placement of its first lien notes, with plans to use the net proceeds for general corporate purposes, including repaying debt. In other sector news: (-) Himax Technologies (HIMX) was down 3.5%, giving back a 5.3% advance soon after Friday's opening bell following the fabless chipmaker reporting preliminary non-IFRS Q1 net income of $0.022 per American depositary share, topping the Capital IQ consensus looking for a $0.01 per ADS quarterly profit. (-) Aehr Test Systems (AEHR) dropped almost 21% after the semiconductor test equipment company Thursday reported a 93% year-over-year increase in fiscal Q3 revenue, rising to $6.1 million during the three months ended Feb. 29 but still trailing the single-analyst estimate expecting $7.73 million in revenue.
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Among technology stocks moving on news: (-) Dell Technologies (DELL) fell 3.7% after the computer hardware manufacturer Friday said it has begun a private placement of its first lien notes, with plans to use the net proceeds for general corporate purposes, including repaying debt. Top Tech Stocks Technology stocks turned lower this afternoon, with the SPDR Technology Select Sector ETF declining 2.3% while the Philadelphia Semiconductor Index was slipping 3%.
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791b2ab3-9a02-4df1-a1a3-169d70ecbe4f
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726186.0
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2020-04-02 00:00:00 UTC
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7 Blue-Chip Stocks You're Selling, But Insiders Are Buying
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DELL
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https://www.nasdaq.com/articles/7-blue-chip-stocks-youre-selling-but-insiders-are-buying-2020-04-02
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nan
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nan
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As the media and investors whipped up a frenzy of COVID-19 panic selling in March, some corporate insiders (such as CEOs and directors) had an entirely different take. They calmly scooped up shares of their own companies at an insider buying rate we haven't seen in a decade.
Here's some useful market insight: When investors and the media are super-negative and insiders are buying in droves, that's often a great time to purchase stocks for the medium-term, which is at least two or three years.
Here's another bullish signal from insider trading: Many insiders are buying companies in the "wrong" places. They're decidedly going for stocks in energy, basic materials (such as chemicals) and consumer-facing businesses. These are all among the hardest-hit areas of the market, with more to lose in a prolonged recession.
This all adds up to the boldest "contrarian" insider trading buy signal that I've ever seen in the 10 years I've tracked insider activity as a starting point for investment ideas in my stock letter Brush Up on Stocks.
Here are seven blue-chip stocks that have experienced significant insider buying lately. Insider buying, like any other signal, isn't a guarantee of anything. So to improve our chances of success, we narrowed down a list of companies seeing heavy insider buying to make sure we're buying high-quality names. Thus, this list is made up of blue-chip companies with market values of at least $20 billion that boast enduring, powerful brands and/or some other barriers to entry.
SEE ALSO: 25 Dividend Stocks the Analysts Love the Most
Dell Technologies
Market value: $27.3 billion
Insider buying: $26.2 million by CEO and founder Michael Dell
Purchase price range: $26.00-$37.00
Dude, you're gettin' a ... cloud?
If you still think of Dell Technologies (DELL, $36.90) as just a personal computer company, it's time to upgrade the operating system above your neck. Thanks to the purchase of EMC and a controlling stake in VMware (VMW) a few years back, Dell is now a highly competitive player in cloud services.
"The cloud" commonly refers to arrays of servers, storage and software that companies use to better manage everything from online sales and employees to analysis of "big data" for strategic insights.
That EMC-VMware purchase has provided Dell with some unique strengths among cloud companies.
First, it's the leader in a cloud niche called "hyper-converged infrastructure." This is the use of virtualized servers and networking to help companies manage more data "on the edge." That means at local sites instead of in a more cumbersome centralized data center. Dell also has strengths in all-flash storage arrays, which offer benefits such as greater storage density and lower power usage.
Dell does still sell desktops and notebooks. It's a cutthroat business thanks to competition from the likes of HP (HPQ) and Lenovo (LNVGY). The good news is, Dell has been gaining PC market share for years.
Another plus for investors: Dell is founder-run, by Michael Dell, who has conducted some serious insider buying of late. This can help investors, as several studies have shown that founder-run companies outperform their peers.
SEE ALSO: 10 Solid Social Distancing Stocks to Buy
Keurig Dr Pepper
Market value: $33.3 billion
Insider buying: $988,238 by an officer and a director
Purchase price: $26.00
Keurig Dr Pepper (KDP, $23.66) might be small compared to mega-caps Coca-Cola (KO) and PepsiCo (PEP), but it's still a mighty little brand powerhouse.
It boasts the second biggest non-cola and lemon-lime brands - Dr Pepper and 7UP - plus other enduringly popular drinks including Canada Dry, Hawaiian Punch, Mott's, Sunkist and A&W.
Spawned from the merger of Dr Pepper Snapple and Keurig Green Mountain, this company also dominates the single-serve coffee brew market in North America. About 22% of households have its Keurig coffee makers. Consumers like the convenience of K-cups - even if they're darned expensive compared to regular coffee. One reason: Keurig offers a broad assortment of flavors and products thanks to partnerships with other companies such as Starbucks (SBUX).
In soft drinks, Keurig continues to roll out tweaked versions of popular brands and take price increases. Investors also benefit from merger-related cost savings. Management projects $600 million in cost cutting by 2021, or around 5% of sales. In 2019, the company reported 11% operating income growth on 3.2% underlying net sales growth. It also posted $2.4 billion in free cash flow. Keurig is using a lot of the money to pay down debt.
One issue here is that Keurig is majority-owned by the German conglomerate JAB Holdings, which also controls popular consumer food brands like Peet's Coffee, Krispy Kreme, Panera and Pret a Manger.) That majority stake is a turnoff for investors who favor shareholder democracy. But it does free up managers to prioritize long-term growth over quarterly results. As Warren Buffett often points out, this can be a big plus for shareholders.
SEE ALSO: Where Is the Stock Market Headed? 14 Wall Street Pros Sound Off
FedEx
Market value: $29.6 billion
Insider buying: $560,200 by a director
Purchase price: $112.04
Sheltering in place has helped shares of Amazon.com (AMZN) hold up in the bear market. Investors think all that time at home and the shuttering of so many brick-and-mortar stores will boost sales at the king of online retail.
You'd think the benefit would spill over to shippers like FedEx (FDX, $113.48), too. But FDX stock is down sharply during the March mayhem. What gives?
Behind the scenes, FedEx handles lots of business-to-business shipping all around the world. That's down sharply as the global economy cools because of COVID-19. It's gotten so bad, FDX has joined a growing swath of companies that have suspended guidance for 2020. Investors hate that kind of uncertainty, so they are selling.
FedEx has another issue: Going into this economic train wreck, the shipper was already dealing with the loss of Amazon.com as a customer. Amazon itself is moving into the shipping business itself, another challenge.
So why has a FedEx insider been buying stock?
COVID-19 won't hold the economy back forever. This is essentially a one-off problem (albeit a severe one). After the virus fears subside, FedEx should stand as a long-term play on the growth of e-commerce - and economic growth in general. Meanwhile, it holds a nice trump card. Upstarts would have to spend a bundle to replicate FedEx's vast infrastructure of trucks, planes, warehouses and 475,000 employees. This keeps competition at bay.
SEE ALSO: 10 Facts You Must Know About Recessions
Mastercard
Market value: $229.8 billion
Insider buying: $265,000 by a director
Purchase price: $265.00
Shares of Mastercard (MA, $228.61) nosedived as soon as the spread of COVID-19 amped up worries about global growth. After all, as the second largest payment processor in the world, Mastercard depends on transaction volume for revenue.
But what if worries about COVID-19 and its impact on global growth are vastly overstated, which is my thesis? After all, there are many signs it's not much more lethal than normal seasonal influenza, and President Donald Trump is itching to get the country back to work.
If the economy snaps back fairly quickly, as Trump likes to project, then the pullback in Mastercard's stock is a buying opportunity. One director thinks so, given his purchase of over a quarter-million dollars' worth of stock.
"We view the impact of the coronavirus as a transitory event and fully expect consumer spending globally to come back once this event has passed," Mastercard CFO Sachin Mehra told investors in a March 10 conference call.
Of course, no one really knows exactly when that will happen. But once it does, Mastercard will still be there - with the same rich profit margins extracted from its asset-light business. (Remember: MA is simply a payment processor; it's not responsible for any of the debt.)
Mastercard also enjoys barriers to entry because it would be tough to set up a similar payments system, Morningstar analyst Brett Horn says.
SEE ALSO: Every Warren Buffett Stock Ranked: The Berkshire Hathaway Portfolio
Exxon Mobil
Market value: $158.8 billion
Insider buying: $2.7 million by a director and three officers
Purchase price range: $34.00-$48.00
Over the years, Exxon Mobil (XOM, $37.53) had been criticized for investing too judiciously in energy exploration and production, but that had been a way to maintain financial strength and return cash to shareholders.
Relatively recently, Exxon flipped the script, aggressively ramping up capital expenditures in 2018 and 2019, with similar plans for this year. Now, however, with West Texas Intermediate trading down into the low $20 range, Exxon faces the high likelihood of reining its capex in again.
Russia and Saudi Arabia recently began fighting it out, triggering a price war, just as questions arose about energy demand in a coronavirus global slowdown. Shares have lost more than 45% of their value in 2020. But amid that weakness, four insiders scooped up a huge number of shares worth $2.7 million. Large "cluster" insider buying like this can be a very bullish signal in insider analysis. Obviously, they think the selling is overdone. If the economy bounces back fairly quickly, those insiders will turn out to be right.
Here's another potential positive for Exxon Mobil and the entire energy complex. Both Russia and Saudi Arabia are so dependent on oil revenue, they can't afford to let oil prices stay so low for long. "They are playing a very expensive game of chicken," says Mark Zandi, the chief economist of Moody's Analytics. They are likely to settle, he believes, and agree to production cuts, which would support oil prices. Indeed, Trump recently tweeted optimism of a price cut, sending energy prices spiking.
As for Exxon Mobil, the question on many investors' minds is whether the Dividend Aristocrat will be able to maintain its payout. Indeed, many energy firms have announced dividend cuts and suspensions of late. However, Morgan Stanley analyst Devin McDermott believes Exxon should be able to cover its dividend with operational cash flows this year. However, XOM might have to take on debt for any capital spending, which McDermott thinks the company will cut.
SEE ALSO: 7 Oil and Gas Stocks That Have Entered Dangerous Waters
AbbVie
Market value: $108.4 billion
Insider buying: $508,732 by an officer and a director
Purchase price: $87.87
AbbVie (ABBV, $73.42) is like an investor who puts too much money into one stock. It gets almost 60% of its revenue from the blockbuster drug Humira, used to treat autoimmune diseases such as rheumatoid arthritis and Crohn's disease.
That's all well and good when competition from other drugs is scarce. Increasingly, though, that's not the case. Competitors with biosimilars and other effective therapies for the same illnesses are cropping up.
This has some investors worried about AbbVie's stock. But they are overlooking a few key positives. ABBV has been buying other successful drug companies, such as Pharmacyclics, which brought in the cancer drug blockbuster Imbruvica, and Allergan (AGN), which has key therapies in eye care, neuroscience, gastroenterology and women's health. (The Allergan deal is still pending but is likely to close in the second quarter.)
Next, AbbVie has a rich pipeline of dozens of drugs in development for cancer, autoimmune diseases and neurological disorders such as Parkinson's disease, Alzheimer's disease and multiple sclerosis. AbbVie also has an A-team sales force to manage these drug launches.
ABBV shares have held up decently, off 17% to the S&P 500's 24% decline so far. But an AbbVie officer and a director have seen fit to conduct some insider buying, snapping up more than a half-million dollars' worth of shares.
SEE ALSO: 7 Stock Picks That Analysts Are Actually Upgrading Now
Dow Inc.
Market value: $20.1 billion
Insider buying: $1.8 million by CEO James Fitterling and two directors
Purchase price range: $25.00-$38.00
Dow Inc. (DOW, $27.04) sells a bewilderingly huge range of chemicals, foams, sealants and solvents used in everything from cars and cosmetics, to food packaging, footwear, housewares, sporting goods, toys and aircraft de-icing. They're also used in a broad array of industrial applications.
In short, if you wanted to find a company that was finely attuned to all aspects of economic growth, this would be it. Dow has a hand in just about every end market imaginable. Of course, when the outlook for the economy darkens, investors sell Dow. You can't blame them. It's the definition of an economically sensitive business.
But what if investors are wrong about the lasting negative impact of coronavirus on the economy? What if it turns out to have a fairly short-lived impact on growth, especially with so much fiscal and monetary stimulus being dumped on the economy?
That might be the driver behind insider buying from Dow CEO James Fitterling and three Dow directors. Since they have a better view of end market demand trends on their sales than we do, perhaps it makes sense to go along with their judgment and follow them into shares.
Only time will tell who was right. But insiders have made a sizeable bet here, showing a lot of conviction. Behind the scenes, Dow has been cutting costs aggressively, and it produces a lot of free cash flow.
Michael Brush had no positions in any stocks mentioned in this column as of this writing. Brush has suggested DELL, KDP, FDX, MA, XOM, ABBV and DOW in his stock newsletter Brush Up on Stocks. Brush is a Manhattan-based financial writer who has covered business for the New York Times and The Economist Group, and he attended Columbia Business School.
SEE ALSO: The 25 Best Low-Fee Mutual Funds to Buy in 2020
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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SEE ALSO: 25 Dividend Stocks the Analysts Love the Most Dell Technologies Market value: $27.3 billion Insider buying: $26.2 million by CEO and founder Michael Dell Purchase price range: $26.00-$37.00 Dude, you're gettin' a ... cloud? If you still think of Dell Technologies (DELL, $36.90) as just a personal computer company, it's time to upgrade the operating system above your neck. Thanks to the purchase of EMC and a controlling stake in VMware (VMW) a few years back, Dell is now a highly competitive player in cloud services.
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SEE ALSO: 25 Dividend Stocks the Analysts Love the Most Dell Technologies Market value: $27.3 billion Insider buying: $26.2 million by CEO and founder Michael Dell Purchase price range: $26.00-$37.00 Dude, you're gettin' a ... cloud? If you still think of Dell Technologies (DELL, $36.90) as just a personal computer company, it's time to upgrade the operating system above your neck. Thanks to the purchase of EMC and a controlling stake in VMware (VMW) a few years back, Dell is now a highly competitive player in cloud services.
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SEE ALSO: 25 Dividend Stocks the Analysts Love the Most Dell Technologies Market value: $27.3 billion Insider buying: $26.2 million by CEO and founder Michael Dell Purchase price range: $26.00-$37.00 Dude, you're gettin' a ... cloud? If you still think of Dell Technologies (DELL, $36.90) as just a personal computer company, it's time to upgrade the operating system above your neck. Thanks to the purchase of EMC and a controlling stake in VMware (VMW) a few years back, Dell is now a highly competitive player in cloud services.
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SEE ALSO: 25 Dividend Stocks the Analysts Love the Most Dell Technologies Market value: $27.3 billion Insider buying: $26.2 million by CEO and founder Michael Dell Purchase price range: $26.00-$37.00 Dude, you're gettin' a ... cloud? If you still think of Dell Technologies (DELL, $36.90) as just a personal computer company, it's time to upgrade the operating system above your neck. Thanks to the purchase of EMC and a controlling stake in VMware (VMW) a few years back, Dell is now a highly competitive player in cloud services.
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8465a944-f50d-491f-b281-df99645a7327
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726187.0
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2020-03-31 00:00:00 UTC
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Surprising Analyst 12-Month Target For VV
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DELL
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https://www.nasdaq.com/articles/surprising-analyst-12-month-target-for-vv-2020-03-31
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard Large-Cap ETF (Symbol: VV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $155.30 per unit.
With VV trading at a recent price near $120.46 per unit, that means that analysts see 28.92% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VV's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), KKR & Co Inc (Symbol: KKR), and DTE Energy Co (Symbol: DTE). Although DELL has traded at a recent price of $39.80/share, the average analyst target is 38.19% higher at $55.00/share. Similarly, KKR has 36.11% upside from the recent share price of $24.52 if the average analyst target price of $33.38/share is reached, and analysts on average are expecting DTE to reach a target price of $129.00/share, which is 29.74% above the recent price of $99.43. Below is a twelve month price history chart comparing the stock performance of DELL, KKR, and DTE:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Vanguard Large-Cap ETF VV $120.46 $155.30 28.92%
Dell Technologies Inc DELL $39.80 $55.00 38.19%
KKR & Co Inc KKR $24.52 $33.38 36.11%
DTE Energy Co DTE $99.43 $129.00 29.74%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although DELL has traded at a recent price of $39.80/share, the average analyst target is 38.19% higher at $55.00/share. Vanguard Large-Cap ETF VV $120.46 $155.30 28.92% Dell Technologies Inc DELL $39.80 $55.00 38.19% KKR & Co Inc KKR $24.52 $33.38 36.11% DTE Energy Co DTE $99.43 $129.00 29.74% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of VV's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), KKR & Co Inc (Symbol: KKR), and DTE Energy Co (Symbol: DTE).
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Three of VV's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), KKR & Co Inc (Symbol: KKR), and DTE Energy Co (Symbol: DTE). Vanguard Large-Cap ETF VV $120.46 $155.30 28.92% Dell Technologies Inc DELL $39.80 $55.00 38.19% KKR & Co Inc KKR $24.52 $33.38 36.11% DTE Energy Co DTE $99.43 $129.00 29.74% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although DELL has traded at a recent price of $39.80/share, the average analyst target is 38.19% higher at $55.00/share.
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Three of VV's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), KKR & Co Inc (Symbol: KKR), and DTE Energy Co (Symbol: DTE). Although DELL has traded at a recent price of $39.80/share, the average analyst target is 38.19% higher at $55.00/share. Below is a twelve month price history chart comparing the stock performance of DELL, KKR, and DTE: Below is a summary table of the current analyst target prices discussed above:
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Three of VV's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), KKR & Co Inc (Symbol: KKR), and DTE Energy Co (Symbol: DTE). Although DELL has traded at a recent price of $39.80/share, the average analyst target is 38.19% higher at $55.00/share. Below is a twelve month price history chart comparing the stock performance of DELL, KKR, and DTE: Below is a summary table of the current analyst target prices discussed above:
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fe907f73-604f-4dea-853f-51cfc4479965
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726188.0
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2020-03-27 00:00:00 UTC
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Dell Withdraws FY 2021 Outlook Amid COVID-19
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DELL
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https://www.nasdaq.com/articles/dell-withdraws-fy-2021-outlook-amid-covid-19-2020-03-27
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nan
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nan
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(RTTNews) - Dell Technologies (DELL), in a SEC filing, said it is withdrawing its prior guidance for fiscal 2021, issued on February 27 as part of its fourth-quarter earnings announcement, owing to rising level of uncertainty caused from the corona virus pandemic.
The company also said it is unable to predict the extent to which the global COVID-19 pandemic may adversely impact its business operations, financial performance and results of operations for the current fiscal year.
Dell added that it would provide more information during its first quarter earnings call.
The views and 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) - Dell Technologies (DELL), in a SEC filing, said it is withdrawing its prior guidance for fiscal 2021, issued on February 27 as part of its fourth-quarter earnings announcement, owing to rising level of uncertainty caused from the corona virus pandemic. Dell added that it would provide more information during its first quarter earnings call. The company also said it is unable to predict the extent to which the global COVID-19 pandemic may adversely impact its business operations, financial performance and results of operations for the current fiscal year.
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(RTTNews) - Dell Technologies (DELL), in a SEC filing, said it is withdrawing its prior guidance for fiscal 2021, issued on February 27 as part of its fourth-quarter earnings announcement, owing to rising level of uncertainty caused from the corona virus pandemic. Dell added that it would provide more information during its first quarter earnings call. The company also said it is unable to predict the extent to which the global COVID-19 pandemic may adversely impact its business operations, financial performance and results of operations for the current fiscal year.
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(RTTNews) - Dell Technologies (DELL), in a SEC filing, said it is withdrawing its prior guidance for fiscal 2021, issued on February 27 as part of its fourth-quarter earnings announcement, owing to rising level of uncertainty caused from the corona virus pandemic. Dell added that it would provide more information during its first quarter earnings call. The company also said it is unable to predict the extent to which the global COVID-19 pandemic may adversely impact its business operations, financial performance and results of operations for the current fiscal year.
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(RTTNews) - Dell Technologies (DELL), in a SEC filing, said it is withdrawing its prior guidance for fiscal 2021, issued on February 27 as part of its fourth-quarter earnings announcement, owing to rising level of uncertainty caused from the corona virus pandemic. Dell added that it would provide more information during its first quarter earnings call. The company also said it is unable to predict the extent to which the global COVID-19 pandemic may adversely impact its business operations, financial performance and results of operations for the current fiscal year.
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1990c2ef-b9d3-4845-978c-f76d5a850088
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726189.0
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2020-03-26 00:00:00 UTC
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Interesting DELL Put And Call Options For May 15th
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DELL
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https://www.nasdaq.com/articles/interesting-dell-put-and-call-options-for-may-15th-2020-03-26
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nan
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nan
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Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available this week, for the May 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new May 15th contracts and identified one put and one call contract of particular interest.
The put contract at the $40.00 strike price has a current bid of $3.20. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $40.00, but will also collect the premium, putting the cost basis of the shares at $36.80 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $42.05/share today.
Because the $40.00 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 65%. 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 8.00% return on the cash commitment, or 58.40% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $40.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $42.50 strike price has a current bid of $3.80. If an investor was to purchase shares of DELL stock at the current price level of $42.05/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $42.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.11% if the stock gets called away at the May 15th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DELL shares really soar, which is why looking at the trailing twelve month trading history for Dell Technologies Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DELL's trailing twelve month trading history, with the $42.50 strike highlighted in red:
Considering the fact that the $42.50 strike represents an approximate 1% 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 49%. 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 9.04% boost of extra return to the investor, or 65.97% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 78%, while the implied volatility in the call contract example is 72%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $42.05) to be 48%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a chart showing DELL's trailing twelve month trading history, with the $42.50 strike highlighted in red: Considering the fact that the $42.50 strike represents an approximate 1% 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 Dell Technologies Inc (Symbol: DELL) saw new options become available this week, for the May 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new May 15th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DELL's trailing twelve month trading history, with the $42.50 strike highlighted in red: Considering the fact that the $42.50 strike represents an approximate 1% 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 Dell Technologies Inc (Symbol: DELL) saw new options become available this week, for the May 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new May 15th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $40.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $42.50 strike price has a current bid of $3.80. Below is a chart showing DELL's trailing twelve month trading history, with the $42.50 strike highlighted in red: Considering the fact that the $42.50 strike represents an approximate 1% 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 Dell Technologies Inc (Symbol: DELL) saw new options become available this week, for the May 15th expiration.
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new May 15th contracts and identified one put and one call contract of particular interest. Below is a chart showing DELL's trailing twelve month trading history, with the $42.50 strike highlighted in red: Considering the fact that the $42.50 strike represents an approximate 1% 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 Dell Technologies Inc (Symbol: DELL) saw new options become available this week, for the May 15th expiration.
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2546cc72-eb57-4da2-b71f-f0bba2c97382
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726190.0
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2020-03-26 00:00:00 UTC
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Upticks in This Key Market Give Hope for IBM and HP Enterprise Shareholders
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DELL
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https://www.nasdaq.com/articles/upticks-in-this-key-market-give-hope-for-ibm-and-hp-enterprise-shareholders-2020-03-26
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nan
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nan
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Although markets only began crashing about a month ago, it's difficult to remember a time when the negative financial effects of COVID-19 weren't at the top of everyone's mind. That's the result of the sheer scare surrounding the coronavirus outbreak. Likewise, fear is making it difficult to believe the world will ever be the same. But, things will return to (mostly) normal sooner or later, and capitalism will pick up where it left off, even if it's at a slower pace.
Lost in all the COVID-19 noise over the past month were a pair of curious reports from technology market research houses IDC and Gartner, both of which bode well for IBM and HP Enterprise. Those reports indicate that sales of servers during the final calendar quarter of last year were up somewhere between 5.1% and 14% year over year, depending on how you count them.
It's not a game-changing development for either of the struggling technology outfits, but it's something for each to build on.
Image source: Getty Images.
Hyperscaling drives server purchases
Both reports included plenty of footnotes, not the least of which is that despite the strong end to the year, overall server revenue still slipped 2.5% in 2019, according to Gartner's numbers. Gartner and IDC both mentioned hyperscaling as a key driver of demand. Hyperscaling is a way a network of servers can easily be expanded (or reduced) to match demand.
Overall though, the fourth quarter's revenue and unit data may actually understate the true depth of demand now that the tech world and consumers have fully embraced the cloud. The results were up against the year-ago competition. For the final quarter of 2018, IDC said server revenue was up 12.6%, and Gartner calculated that server sales improved 17.8% in the fourth quarter a year earlier.
Despite having a tough act to follow, 2019's second-quarter numbers still indicated growth.
That growth wasn't evenly distributed, however. Technically, HP Enterprise and its new venture with H3C Group lost market share to smaller original design manufacturers (ODM) direct providers, as did Dell. On the flip side, HP Enterprise and H3C Group collectively shipped more units year over year. The disparity reflects falling server prices.
Most curious of all about IDC's and Gartner's reports, however, were the inroads IBM made with partner Inspur. Big Blue sold on the order of $1.8 billion to $1.95 billion worth of server hardware during the final quarter of 2018 (depending on which report you read), but it improved those numbers to just a little less than $2.3 billion a quarter ago. Inspur's unit sales improved as well, as much as 9.3% as measured by IDC.
Here are Gartner's estimates of server sales in the final quarter of last year, by company, breaking down the data by revenue and units sold. Notice that Gartner's data separates IBM's and Inspur's revenue, but not unit data (as does IDC's below). Also note that Gartner's numbers for HP Enterprise don't jibe with IDC's, possibly reflecting differences in how each research outfit counted H3C's place in the market.
COMPANY Q4 2019 SERVER REVENUE Q4 2018 SERVER REVENUE Q4 2019 SERVER UNIT SHIPMENTS Q4 2018 SERVER UNIT SHIPMENTS
Dell Technologies (NYSE: DELL)/EMC $3.99 billion $4.43 billion 549,552 580,580
HP Enterprise (NYSE: HPE) $3.55 billion $3.89 billion 417,699 424,422
IBM (NYSE: IBM) $2.29 billion $1.78 billion N/A N/A
Inspur $1.83 billion $1.80 billion 296,934 293,702
Huawei $1.49 billion $1.82 billion 267,157 260,193
Lenovo (OTC: LNVGY) N/A N/A 233,893 191,032
Others $9.86 billion $8.19 billion 2,113,167 1,723,032
Total $23.01 billion $21.90 billion 3,878,402 3,472,961
Data source: Gartner Inc.
Here are IDC's calculations for the server market's biggest names in Q4. This data confirms what Gartner saw. That is, HP Enterprise and IBM -- with or without their partners -- saw tangible improvements with their server businesses.
COMPANY
Q4 2019 SERVER REVENUE Q4 2018 SERVER REVENUE Q4 2019 SERVER UNIT SHIPMENTS Q4 2018 SERVER UNIT SHIPMENTS
Dell Technologies $3.99 billion $4.43 billion 549,488 580,579
HPE/New H3C Group $4.14 billion $4.28 billion 507,228 484,668
IBM $2.30 billion $1.96 billion NA NA
Inspur $1.74 billion $1.55 billion 270,567 247,600
Lenovo $1.42 billion $1.46 billion 233,896 190,721
Huawei $1.28 billion $1.26 billion 216,734 211,618
ODM Direct $6.47 billion $4.69 billion 1,054,743 689,394
Others $4.02 billion $3.96 billion 570,667 582,070
Total $25.35 billion $23.58 billion 3,403,323 2,986,651
Data source: International Data Corporation.
Something to believe in
Don't read too much into one quarter's worth of numbers. Also bear in mind that as much progress as HP Enterprise and IBM appear to have made on the server front, they're sharing that success with partners. Both also operate other businesses. IBM and Inspur's joint $2.3 billion in server hardware sales during the fourth quarter are only a fraction of the $21.8 billion in top-line revenue the company reported for its final fiscal quarter of last year. HP Enterprise drove $6.9 billion in sales last quarter, making the server-driven swing a bit more meaningful for the company. But still, it needs help that a merger with Xerox might provide.
Nevertheless, the separate-but-similar reports from IDC and Gartner confirm there's something both IBM and HP Enterprise can build on at the same time the reports tacitly suggest tech spending is still going strong.
Barring the onset of a recession (and maybe not even then), as recently as November Gartner was calling for public cloud revenue to improve 17% this year, while Dell'Oro Group estimated last year that the server market itself would grow at an annual pace of 7% through 2023. Technavio reports the worldwide data center market will expand at a compounded annual growth rate of 17% over the course of the same period. The driver is the data deluge that's only going to swell, particularly once 5G connections become the new norm.
As much as we've come to rely on cloud computing and remote data centers, it appears we've still only scratched the surface.
10 stocks we like better than IBM
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James Brumley has no position in any of the stocks mentioned. The Motley Fool recommends Gartner. 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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Technically, HP Enterprise and its new venture with H3C Group lost market share to smaller original design manufacturers (ODM) direct providers, as did Dell. Dell Technologies (NYSE: DELL)/EMC $3.99 billion $4.43 billion 549,552 580,580 HP Enterprise (NYSE: HPE) $3.55 billion $3.89 billion 417,699 424,422 IBM (NYSE: IBM) $2.29 billion $1.78 billion N/A N/A Inspur $1.83 billion $1.80 billion 296,934 293,702 Huawei $1.49 billion $1.82 billion 267,157 260,193 Lenovo (OTC: LNVGY) N/A N/A 233,893 191,032 Others $9.86 billion $8.19 billion 2,113,167 1,723,032 Total $23.01 billion $21.90 billion 3,878,402 3,472,961 Data source: Gartner Inc. Dell Technologies $3.99 billion $4.43 billion 549,488 580,579 HPE/New H3C Group $4.14 billion $4.28 billion 507,228 484,668 IBM $2.30 billion $1.96 billion NA NA Inspur $1.74 billion $1.55 billion 270,567 247,600 Lenovo $1.42 billion $1.46 billion 233,896 190,721 Huawei $1.28 billion $1.26 billion 216,734 211,618 ODM Direct $6.47 billion $4.69 billion 1,054,743 689,394 Others $4.02 billion $3.96 billion 570,667 582,070 Total $25.35 billion $23.58 billion 3,403,323 2,986,651 Data source: International Data Corporation.
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Dell Technologies (NYSE: DELL)/EMC $3.99 billion $4.43 billion 549,552 580,580 HP Enterprise (NYSE: HPE) $3.55 billion $3.89 billion 417,699 424,422 IBM (NYSE: IBM) $2.29 billion $1.78 billion N/A N/A Inspur $1.83 billion $1.80 billion 296,934 293,702 Huawei $1.49 billion $1.82 billion 267,157 260,193 Lenovo (OTC: LNVGY) N/A N/A 233,893 191,032 Others $9.86 billion $8.19 billion 2,113,167 1,723,032 Total $23.01 billion $21.90 billion 3,878,402 3,472,961 Data source: Gartner Inc. Dell Technologies $3.99 billion $4.43 billion 549,488 580,579 HPE/New H3C Group $4.14 billion $4.28 billion 507,228 484,668 IBM $2.30 billion $1.96 billion NA NA Inspur $1.74 billion $1.55 billion 270,567 247,600 Lenovo $1.42 billion $1.46 billion 233,896 190,721 Huawei $1.28 billion $1.26 billion 216,734 211,618 ODM Direct $6.47 billion $4.69 billion 1,054,743 689,394 Others $4.02 billion $3.96 billion 570,667 582,070 Total $25.35 billion $23.58 billion 3,403,323 2,986,651 Data source: International Data Corporation. Technically, HP Enterprise and its new venture with H3C Group lost market share to smaller original design manufacturers (ODM) direct providers, as did Dell.
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Dell Technologies (NYSE: DELL)/EMC $3.99 billion $4.43 billion 549,552 580,580 HP Enterprise (NYSE: HPE) $3.55 billion $3.89 billion 417,699 424,422 IBM (NYSE: IBM) $2.29 billion $1.78 billion N/A N/A Inspur $1.83 billion $1.80 billion 296,934 293,702 Huawei $1.49 billion $1.82 billion 267,157 260,193 Lenovo (OTC: LNVGY) N/A N/A 233,893 191,032 Others $9.86 billion $8.19 billion 2,113,167 1,723,032 Total $23.01 billion $21.90 billion 3,878,402 3,472,961 Data source: Gartner Inc. Dell Technologies $3.99 billion $4.43 billion 549,488 580,579 HPE/New H3C Group $4.14 billion $4.28 billion 507,228 484,668 IBM $2.30 billion $1.96 billion NA NA Inspur $1.74 billion $1.55 billion 270,567 247,600 Lenovo $1.42 billion $1.46 billion 233,896 190,721 Huawei $1.28 billion $1.26 billion 216,734 211,618 ODM Direct $6.47 billion $4.69 billion 1,054,743 689,394 Others $4.02 billion $3.96 billion 570,667 582,070 Total $25.35 billion $23.58 billion 3,403,323 2,986,651 Data source: International Data Corporation. Technically, HP Enterprise and its new venture with H3C Group lost market share to smaller original design manufacturers (ODM) direct providers, as did Dell.
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Technically, HP Enterprise and its new venture with H3C Group lost market share to smaller original design manufacturers (ODM) direct providers, as did Dell. Dell Technologies (NYSE: DELL)/EMC $3.99 billion $4.43 billion 549,552 580,580 HP Enterprise (NYSE: HPE) $3.55 billion $3.89 billion 417,699 424,422 IBM (NYSE: IBM) $2.29 billion $1.78 billion N/A N/A Inspur $1.83 billion $1.80 billion 296,934 293,702 Huawei $1.49 billion $1.82 billion 267,157 260,193 Lenovo (OTC: LNVGY) N/A N/A 233,893 191,032 Others $9.86 billion $8.19 billion 2,113,167 1,723,032 Total $23.01 billion $21.90 billion 3,878,402 3,472,961 Data source: Gartner Inc. Dell Technologies $3.99 billion $4.43 billion 549,488 580,579 HPE/New H3C Group $4.14 billion $4.28 billion 507,228 484,668 IBM $2.30 billion $1.96 billion NA NA Inspur $1.74 billion $1.55 billion 270,567 247,600 Lenovo $1.42 billion $1.46 billion 233,896 190,721 Huawei $1.28 billion $1.26 billion 216,734 211,618 ODM Direct $6.47 billion $4.69 billion 1,054,743 689,394 Others $4.02 billion $3.96 billion 570,667 582,070 Total $25.35 billion $23.58 billion 3,403,323 2,986,651 Data source: International Data Corporation.
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98b127a0-17ca-45c8-952a-f4877106ac0b
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726191.0
|
2020-03-24 00:00:00 UTC
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Corporate Insiders Are Snapping Up These 3 Stocks
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DELL
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https://www.nasdaq.com/articles/corporate-insiders-are-snapping-up-these-3-stocks-2020-03-24
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nan
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nan
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The COVID-19 pandemic is putting a damper on economic activity around the world, and threatening both an end to the economic expansion of the past decade and a new recession much earlier than anyone had anticipated. COVID-19 has, in that respect, been a Black Swan event for the financial markets.
This brings us to the question: how do you find investment-grade stocks in a volatile market? There isn’t one sure answer; plenty of investment strategies can steer you toward profits. But there is one possibility that might make investing easier – just follow the insiders.
Insiders – the corporate officers, board members, and others ‘in the know’ – don’t just manage the companies, they know the details. Legally, they are not supposed to trade that knowledge, or to blatantly trade on it, and disclosure rules by government regulators help to keep the insiders honest. Their honest stock transactions, however, can be highly informative. These are the people with the deepest knowledge of particular stocks. So, when they buy or sell, especially in bulk, take note!
We’ve used the TipRanks Insiders’ Hot Stocks tool to find three stocks that the insiders like – the shares that they are grabbing now – despite the bear market. Let's take a closer look.
Diamondback Energy (FANG)
First up is Diamondback, a Texas oil company operating in the Permian Basin, which has made Texas once again into one of the world’s premier oil producing regions – and made the US a net exporter of petroleum and petroleum products. Diamondback is a mid-sized oil player, boasting a market cap of $3.26 billion and production figures in excess of 130,000 barrels of oil equivalent per day.
FANG performed well in the final quarter of 2019, bringing in $1.104 billion in revenue and $1.93 in EPS. Both numbers beat the estimates, and gave the company a solid position to start from when the bear market started. The quarterly numbers were good enough that management increased the company’s dividend payment, nearly doubling it, from 19 cents to 37.5 cents. The new dividend annualizes to $1.50 per share, and gives the stock a yield of 7.3%.
A firm foundation and a strong dividend return are likely factors in the decision by Travis Stice, CEO of the company, to spend over $486,000 on 17,146 shares earlier this month. His purchase is the largest insider transaction on this stock, by far, in the past three months. The purchase brought Stice’s total holdings in FANG to more than $8.8 million.
Covering the stock for Credit Suisse, analyst William Featherston sees FANG holding clear advantages to maintain its position in today’s energy market conditions. He writes, “Recognizing sub-$40 oil does not work for any major producers in the long-term (including Russia and Saudi Arabia), we believe investors should be screening for E&Ps with low-leverage, no significant near-term maturities, and those low on the cost curve capable of funding maintenance capex and the dividend at $40-45 WTI. FANG screens relatively well on all these measures even under today’s depressed futures strip prices.”
Featherston rates this stock a Buy, with a $52 price target indicating a whopping 128% upside potential. (To watch Featherston’s track record, click here)
All in all, FANG has received 17 recent reviews, including 14 Buys and only 3 Holds, making the analyst consensus here a Strong Buy. Shares are selling for a discounted $22.86, and the average price target of $77.13 suggests an impressive upside potential of 230%. (See Diamondback stock analysis at TipRanks)
Northern Oil and Gas (NOG)
Next on our list is a penny oil stock. Northern has mineral rights on 165,000 acres of land, and has operating interests in over 2,500 drilling well sites. The company’s property holdings sit on top of a huge proven reserve – over 163 million barrels of oil equivalent.
Some insiders have been buying shares during the market sell-off. Bahram Akradi, of the Board of Directors, bought up $397,000 worth of stock, in two blocks, increasing his total holding to a value exceeding $13 million. And Robert Rowling, also a Board member, made a single purchase worth $840,000. Rowling was already a 10% owner of the company; his total holding is now valued over $67 million.
Adding to the good news, Northland Securities analyst Jeff Grampp updated his notes on NOG, reiterating his Buy rating and setting a price target of $1.50. Grampp’s target suggests an upside of 103%. (To watch Grampp’s track record, click here)
In his comments on Northern, Grampp wrote, “Management is prioritizing debt reduction with weak prices and while the short-term reaction may be negative, long-term NOG looks favorable. It is capable of generating $100MM+ of FCF at $35/ BBL in 2020 and should be positioned to capitalize on potential acquisition opportunities.”
With NOG, we are truly looking at a penny stock. The shares are trading at a remarkably low 73 cents, but the $1.25 average price target gives an indication of the company’s potential strength, with an 69% upside. The shares have 1 Buy and 1 Hold rating set in recent months, making the analyst consensus rating here a Moderate Buy. (See Northern analyst ratings on TipRanks)
Dell Technologies (DELL)
Last but not least is computing giant Dell Technologies. CEO Michael Dell is perhaps the ultimate insider on this company – and this month, he dropped $26 million on a block of 828,199 shares. His purchase brings his total holding in the company to $44,850,000 – a clear sign of confidence.
Dell showed a strong Q4 to finish off 2019, reporting a 14% sequential gain in EPS to $2 per share. Revenues gained more modestly, but still reached $24.13 billion. The Services segment was the big driver in revenues, gaining almost 14% and reaching $5.88 billion. The company’s Product and Infrastructure divisions both saw revenues fall year-over-year. Dell’s balance sheet showed an increase in cash on hand, to $10.17 billion.
Dell still has substantial long-term debt since acquiring EMC in 2015 for $67 billion, although it reported substantial headway in paying down that debt. In Q4, Dell paid $1.5 billion towards the debt, part of $5 billion paid in fiscal 2020. Since closing the deal, Dell has paid down a total of $19.5 billion, and as of the end of January, had a total of $44.32 billion in outstanding debts.
5-star analyst Amit Daryanani doesn’t see Dell’s debt as a major problem, while he does see the company’s overall position as solid. He says of the company: “DELL doesn’t expect COVID-19 to materially impact demand trends in FY21 though they do see a more severe seasonal revenue drop in FQ1… Given the attractive valuation and potential for better trends on storage post midrange refresh we are sticking with our Outperform rating…”
Along with his Buy-side stand, Daryanani gives the stock a $60 price target, suggesting an upside potential of 65%. (To watch Daryanani’s track record, click here)
DELL shares keep a Moderate Buy from the analyst consensus, based on 5 Buy ratings and 4 Holds set in recent weeks. The stock sells for $36.66 per share, and the average price target of $51.78 implies room for 41% upside growth in the coming 12 months. (See Dell stock analysis at TipRanks)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(See Northern analyst ratings on TipRanks) Dell Technologies (DELL) Last but not least is computing giant Dell Technologies. CEO Michael Dell is perhaps the ultimate insider on this company – and this month, he dropped $26 million on a block of 828,199 shares. Dell showed a strong Q4 to finish off 2019, reporting a 14% sequential gain in EPS to $2 per share.
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(See Northern analyst ratings on TipRanks) Dell Technologies (DELL) Last but not least is computing giant Dell Technologies. (To watch Daryanani’s track record, click here) DELL shares keep a Moderate Buy from the analyst consensus, based on 5 Buy ratings and 4 Holds set in recent weeks. CEO Michael Dell is perhaps the ultimate insider on this company – and this month, he dropped $26 million on a block of 828,199 shares.
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He says of the company: “DELL doesn’t expect COVID-19 to materially impact demand trends in FY21 though they do see a more severe seasonal revenue drop in FQ1… Given the attractive valuation and potential for better trends on storage post midrange refresh we are sticking with our Outperform rating…” Along with his Buy-side stand, Daryanani gives the stock a $60 price target, suggesting an upside potential of 65%. (To watch Daryanani’s track record, click here) DELL shares keep a Moderate Buy from the analyst consensus, based on 5 Buy ratings and 4 Holds set in recent weeks. (See Northern analyst ratings on TipRanks) Dell Technologies (DELL) Last but not least is computing giant Dell Technologies.
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(See Northern analyst ratings on TipRanks) Dell Technologies (DELL) Last but not least is computing giant Dell Technologies. CEO Michael Dell is perhaps the ultimate insider on this company – and this month, he dropped $26 million on a block of 828,199 shares. Dell showed a strong Q4 to finish off 2019, reporting a 14% sequential gain in EPS to $2 per share.
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726192.0
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2020-03-20 00:00:00 UTC
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Microsoft Stock Will Prevail Despite Slowing PC Sales
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DELL
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https://www.nasdaq.com/articles/microsoft-stock-will-prevail-despite-slowing-pc-sales-2020-03-20
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Shares of Microsoft (NASDAQ:MSFT) had a record 2019, but they now trade in a range between $135-$140. Remember that Microsoft stock recently hit a high over $190 in February 2020. It’s safe to say it has fallen from there.
Source: ymgerman / Shutterstock.com
The uptrend ended when market volatility worsened and the major indices, like the Nasdaq Composite and the S&P 500, skidded lower.
Why should investors still like Microsoft stock? The company reported a solid second quarter. But it could not avoid warning investors that it will not meet its third-quarter guidance. This is due to the coronavirus from China hitting Windows OEM and Surface sales.
Microsoft Lowers Third-Quarter Guidance
Microsoft initially forecast quarterly revenue between $10.75 billion and $11.15 billion from its personal computing unit. But the supply chain is returning to normal operations at a slower pace than expected, so the blue-chip giant said that sales from this segment will not meet expectations.
Related semiconductor suppliers fell alongside Microsoft stock in the last month. Advanced Micro Devices (NASDAQ:AMD) is having trouble justifying its valuation to investors. Nvidia (NASDAQ:NVDA) may experience lower graphics gaming card sales in the quarter. And Micron (NASDAQ:MU), which sells memory and flash storage chips, may experience a temporary downturn in the quarter.
Despite the near-term slowdown, Microsoft is charging ahead in its other business units. In the second quarter, gross margins topped 22% on profits of $24.5 billion. Operating income grew 35% to $13.9 billion. Its personal computing segment accounted for a bulk of Microsoft’s revenue ($13.2 billion of the $36.9 billion).
But it’s important to note its strength in other units. Microsoft’s cloud and productivity segments grew 27% and 17%, respectively.
Strong Growth Is Ahead
Investors may extrapolate that the positive cloud and software revenue will continue for the rest of 2020. The global economy will likely stall due to the coronavirus outbreak.
Conversely, Microsoft stock will continue rewarding its investors due to its strong cash flow. The company returned $8.5 billion to shareholders through stock buybacks and dividends. And unlike other overvalued firms whose cost growth exceeds revenue growth, Microsoft has operating expenses under control. Costs rose just 9% year-over-year, to $10.7 billion. The company primarily invested in LinkedIn and cloud engineering.
Office productivity software needs minimal additional investments. So long as its customers shift to cloud services and Office 365, Microsoft’s revenue will keep growing.
Risks with Microsoft Stock
Weaker Windows OEM operating system sales will likely hurt the upcoming quarterly results. However, if the world proves resilient and stems the virus outbreak, the business may resume normal operations soon. China is slowly “springing back” after weeks in a lockdown. This suggests that Microsoft’s PC segment will rebound, too.
Investors may venture into Dell Technologies (NYSE:DELL) or Intel (NASDAQ:INTC) in anticipation of computer sales rebounding later this year.
Beyond the affected segments, Microsoft’s Azure cloud services division offers growth. Revenue grew 62% from last year.
The Bottom Line on Microsoft Stock
Analysts have an average price target of almost $200 a share. And almost all (25 out of 26) analysts rank the stock as a buy.
Do-it-yourself investors may opt to build their fair value model on Microsoft stock. Assuming a discount rate of 7.5% and a terminal EBITDA multiple of 14.1 times, the stock is worth $168.86 Here are the assumptions:
Metrics Range Conclusion
Discount Rate 7%-9% 7.5%
Terminal EBITDA Multiple 13.1x-15.1x 14.1x
Fair Value $150.46-$182.30 $168.86
Data courtesy of finbox.io
Chris Lau is a contributing author for InvestorPlace.com and numerous other financial sites. Chris has over 20 years of investing experience in the stock market and runs the Do-It-Yourself Value Investing Marketplace on Seeking Alpha. He shares his stock picks so readers get original insight that helps improve investment returns. As of this writing, Chris did not hold a position in any of the aforementioned securities.
The post Microsoft Stock Will Prevail Despite Slowing PC Sales 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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Investors may venture into Dell Technologies (NYSE:DELL) or Intel (NASDAQ:INTC) in anticipation of computer sales rebounding later this year. Source: ymgerman / Shutterstock.com The uptrend ended when market volatility worsened and the major indices, like the Nasdaq Composite and the S&P 500, skidded lower. Risks with Microsoft Stock Weaker Windows OEM operating system sales will likely hurt the upcoming quarterly results.
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Investors may venture into Dell Technologies (NYSE:DELL) or Intel (NASDAQ:INTC) in anticipation of computer sales rebounding later this year. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares of Microsoft (NASDAQ:MSFT) had a record 2019, but they now trade in a range between $135-$140. Microsoft Lowers Third-Quarter Guidance Microsoft initially forecast quarterly revenue between $10.75 billion and $11.15 billion from its personal computing unit.
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Investors may venture into Dell Technologies (NYSE:DELL) or Intel (NASDAQ:INTC) in anticipation of computer sales rebounding later this year. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares of Microsoft (NASDAQ:MSFT) had a record 2019, but they now trade in a range between $135-$140. Microsoft Lowers Third-Quarter Guidance Microsoft initially forecast quarterly revenue between $10.75 billion and $11.15 billion from its personal computing unit.
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Investors may venture into Dell Technologies (NYSE:DELL) or Intel (NASDAQ:INTC) in anticipation of computer sales rebounding later this year. Why should investors still like Microsoft stock? Microsoft Lowers Third-Quarter Guidance Microsoft initially forecast quarterly revenue between $10.75 billion and $11.15 billion from its personal computing unit.
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726193.0
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2020-03-13 00:00:00 UTC
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VMWare Stock Looks Attractive After Earnings Miss/Market Meltdown
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DELL
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https://www.nasdaq.com/articles/vmware-stock-looks-attractive-after-earnings-miss-market-meltdown-2020-03-13
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
VMWare (NYSE:VMW) was trading at over $162 just over three weeks ago. Today, VMWare stock traded below $100.
Source: Sundry Photography / Shutterstock.com
Like so many other stocks, VMW has been battered by a market meltdown triggered by the coronavirus correction and made worse by an oil price war. That’s not the whole story, though.
At the end of February, an earnings miss combined with lower-than-expected guidance for fiscal 2021 disappointed analysts and investors. The combination has resulted in a 32% drop in VMWare stock in just three weeks. Despite that slump, analysts continue to rate VMW as a “buy,” with the potential for significant upside over the next 12 months.
An Earnings Miss + Market Meltdown = Bad News for VMW
Investors in virtualization software company VMWare have been taking it on the chin since February began winding down.
7 Stocks to Sell as We Enter a Bear Market
VMWare has been pummelled by the same forces that have wreaked havoc on the markets in general: coronavirus and an oil price war. I don’t need to go into the details again here, but suffice it to say when the stock market posts record losses, VMW is going to feel the effect.
Making the situation worse for VMWare, the company posted its Q4 and fiscal 2020 earnings results on February 26. Q4 revenue was up 18.5% year-over-year, and for fiscal 2020 VMWare topped $10 billion in revenue for the first time ever. That was the good news. Analysts were less impressed by the quarterly earnings of $2.05 per share, which missed their estimates of $2.17 per share. In addition, the company issued disappointing earnings guidance for fiscal 2021.
The combination of the market meltdown and that earnings report has resulted in VMW shedding nearly a third of its value in just three weeks.
Kubernetes Risk
The focus on VMW over the past few weeks has been the stock’s big dive. However, outside of the short term issues — reaction to Q4 earnings and wider market panic — VMWare faces a very real challenge. How this turns out is going to have a big impact on the company’s long term stock value.
VMWare’s virtualization software proved extremely popular for companies that needed to run multiple operating systems on a single computer. They share the physical computer resources, but each runs in isolation as a virtual PC. But the companies traditionally run these virtual servers on their own premises.
The trend now is toward cloud computing, and so VMWare has been ramping up its efforts to deliver cloud-based solutions. Its partnership with Amazon’s (NASDAQ:AMZN) Amazon Web Services has borne fruit, but VMWare faces a big competitor. Kubernetes is a scalable, container-based solution.
Now open source, it was first developed by Alphabet’s (NASDAQ:GOOG, NASAQ:GOOGL) Google. Kubernetes lets companies deploy and manage their software in an isolated “container” in the cloud, at lower cost.
The trajectory of Kubernetes adoption is summed up by Alex Feltus, a professor in the Department of Genetics and Biochemistry at Clemson University.
“We believe that Kubernetes will be a common standard platform for data-intensive computing for many years, which allows us to focus our software engineering efforts on one architecture,” Feltus told CIO.
Bottom Line For VMWare Stock
Investment analysts remain upbeat about VMWare’s future, despite the growing challenge from Kubernetes and VMW’s miserable performance over the past three weeks.
Those surveyed by CNN Business have VMW rated as a consensus “buy.” Their median 12-month price target of $163.50 has 47% upside. That reflects a confidence that VMWare shares are going to recover and edge past levels hit prior to the February meltdown.
Still concerned that VMWare could continue to stumble? There is also an alternative option that will let you take advantage of VMW’s upside, at a lower risk.
InvestorPlace contributors Will Healy and Vince Martin have pointed out that since Dell (NYSE:DELL) owns an 81% stake in VMWare, an investment in Dell will reflect any gains by VMW while insulating your investment from the risks that VMWare faces.
As of this writing, Brad Moon did not hold a position in any of the aforementioned securities.
The post VMWare Stock Looks Attractive After Earnings Miss/Market Meltdown appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InvestorPlace contributors Will Healy and Vince Martin have pointed out that since Dell (NYSE:DELL) owns an 81% stake in VMWare, an investment in Dell will reflect any gains by VMW while insulating your investment from the risks that VMWare faces. Source: Sundry Photography / Shutterstock.com Like so many other stocks, VMW has been battered by a market meltdown triggered by the coronavirus correction and made worse by an oil price war. An Earnings Miss + Market Meltdown = Bad News for VMW Investors in virtualization software company VMWare have been taking it on the chin since February began winding down.
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InvestorPlace contributors Will Healy and Vince Martin have pointed out that since Dell (NYSE:DELL) owns an 81% stake in VMWare, an investment in Dell will reflect any gains by VMW while insulating your investment from the risks that VMWare faces. InvestorPlace - Stock Market News, Stock Advice & Trading Tips VMWare (NYSE:VMW) was trading at over $162 just over three weeks ago. At the end of February, an earnings miss combined with lower-than-expected guidance for fiscal 2021 disappointed analysts and investors.
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InvestorPlace contributors Will Healy and Vince Martin have pointed out that since Dell (NYSE:DELL) owns an 81% stake in VMWare, an investment in Dell will reflect any gains by VMW while insulating your investment from the risks that VMWare faces. InvestorPlace - Stock Market News, Stock Advice & Trading Tips VMWare (NYSE:VMW) was trading at over $162 just over three weeks ago. An Earnings Miss + Market Meltdown = Bad News for VMW Investors in virtualization software company VMWare have been taking it on the chin since February began winding down.
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InvestorPlace contributors Will Healy and Vince Martin have pointed out that since Dell (NYSE:DELL) owns an 81% stake in VMWare, an investment in Dell will reflect any gains by VMW while insulating your investment from the risks that VMWare faces. InvestorPlace - Stock Market News, Stock Advice & Trading Tips VMWare (NYSE:VMW) was trading at over $162 just over three weeks ago. An Earnings Miss + Market Meltdown = Bad News for VMW Investors in virtualization software company VMWare have been taking it on the chin since February began winding down.
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3a52438a-16a0-4811-8d78-f40c97e124a1
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726194.0
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2020-03-11 00:00:00 UTC
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This Beaten-Down Cloud Stock Could Be a Solid Long-Term Pick
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DELL
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https://www.nasdaq.com/articles/this-beaten-down-cloud-stock-could-be-a-solid-long-term-pick-2020-03-11
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nan
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nan
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Nutanix (NASDAQ: NTNX) gave investors a rude shock recently by slashing its full-year guidance. The cloud-based hyper-convergence specialist is facing a double whammy, thanks to the novel coronavirus outbreak and the ongoing transition in its business.
Nutanix is now anticipating software and support revenue between $1.29 billion and $1.36 billion this year, down from its earlier forecast of $1.30 billion to $1.40 billion. Not surprisingly, investors got worried, and they didn't hesitate to hit the panic button. But for a company that has the potential to make it big in the long run, Nutanix's latest drop has opened up a buying opportunity for savvy investors.
Image Source: Getty Images.
The weakness should be temporary
Nutanix is operating in the fast-growing software-as-a-service (SaaS) space. Gartner estimates that SaaS revenue could jump from $99.5 billion last year to more than $151 billion in 2022.
As such, investors should not lose sight of the bigger picture, as Nutanix's prospects should start looking up once the COVID-19 outbreak is tackled. The company is being conservative at this point about the potential impact of the epidemic on its business across the world, which is one of the reasons why it has reduced its full-year guidance.
CFO Duston Williams pointed out on the latest earnings conference call that:
The Q3 guidance also reflects the much faster-than-expected transition to subscription and a more cautious view on our business activities in the greater APJ region due to the coronavirus consistent with my comments on our fiscal year 2020 guidance.
Nutanix is still trying to judge to what extent the COVID-19 outbreak could affect its business. So there is a chance that it might have to readjust its expectations again in the future if the situation worsens. But as discussed earlier, investors with a long-term focus should not get discouraged by the short-term headwinds, as Nutanix is sitting on a lucrative opportunity.
TechNavio estimates that the hyper-converged cloud infrastructure market could add nearly $25 billion in revenue by 2023. As it turns out, Nutanix is one of the leading players in this space after Dell. It reportedly held a 13% share of the hyper-converged systems market in the third quarter of 2019. Meanwhile, Nutanix controlled nearly 48% of the hyper-converged infrastructure software market at the end of 2018, according to Gartner's estimates.
Nutanix has generated $1.25 billion in revenue over the trailing 12 months. So, it could win big from the growth of the hyper-converged cloud infrastructure space in the long run given its standing in this market.
A painful, but profitable switch
Nutanix has been making a switch from a legacy business model. From selling security appliances, hardware, and non-portable software that would have generated a one-time sale for the company, it is now switching to software subscriptions. As a result of the switch, the company is recognizing subscription revenue over the life of the contract. In the earlier model, one-time hardware or software sales would have been recognized upfront.
This change in recognition of revenue is hurting Nutanix's revenue growth. Apart from the COVID-19 outbreak, the company also blames the faster-than-expected shift toward the subscription business as the reason behind its subdued guidance. Nutanix got 77% of its revenue from the subscription business in the second quarter of fiscal 2020, up substantially from just 47% in the year-ago period.
However, sales of non-portable (legacy) software and hardware were down to just $67.7 million during the quarter from $169.5 million in the year-ago period. But as they accounted for almost a fifth of Nutanix's revenue during the quarter, the 69% increase in subscription revenue was offset to a large extent.
But the good news is that Nutanix's legacy products supplied half of its total revenue in the year-ago quarter. So, the company is rapidly making the switch to a subscription-based model, and its top line should exhibit better overall growth once the transition is complete. What's more, the switch to a subscription model is also having a positive impact on the company's gross margin profile.
NTNX Gross Profit Margin data by YCharts
There is a lot to like about Nutanix if one looks past the short-term headwinds the company is facing. That's why it would be a good idea to buy Nutanix stock while it is beaten down and is trading at 3.26 times sales, as compared to the five-year average multiple of 4.66.
Nutanix's top-line growth could pick up the pace in the future, and the bottom-line performance should also improve on the back of better margins, which could potentially make it a growth stock in the long run.
10 stocks we like better than Nutanix
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Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool recommends Gartner and Nutanix. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As it turns out, Nutanix is one of the leading players in this space after Dell. But for a company that has the potential to make it big in the long run, Nutanix's latest drop has opened up a buying opportunity for savvy investors. NTNX Gross Profit Margin data by YCharts There is a lot to like about Nutanix if one looks past the short-term headwinds the company is facing.
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As it turns out, Nutanix is one of the leading players in this space after Dell. So, it could win big from the growth of the hyper-converged cloud infrastructure space in the long run given its standing in this market. A painful, but profitable switch Nutanix has been making a switch from a legacy business model.
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As it turns out, Nutanix is one of the leading players in this space after Dell. Nutanix is now anticipating software and support revenue between $1.29 billion and $1.36 billion this year, down from its earlier forecast of $1.30 billion to $1.40 billion. But as they accounted for almost a fifth of Nutanix's revenue during the quarter, the 69% increase in subscription revenue was offset to a large extent.
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As it turns out, Nutanix is one of the leading players in this space after Dell. CFO Duston Williams pointed out on the latest earnings conference call that: The Q3 guidance also reflects the much faster-than-expected transition to subscription and a more cautious view on our business activities in the greater APJ region due to the coronavirus consistent with my comments on our fiscal year 2020 guidance. So, it could win big from the growth of the hyper-converged cloud infrastructure space in the long run given its standing in this market.
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56bfea4e-d08d-4169-890d-2ba4a3b7d844
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726195.0
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2020-03-04 00:00:00 UTC
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Waymo Leads the Self-Driving Race, But It Won’t Lift Google Stock
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DELL
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https://www.nasdaq.com/articles/waymo-leads-the-self-driving-race-but-it-wont-lift-google-stock-2020-03-04
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nan
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nan
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Waymo, the Alphabet (NASDAQ:, NASDAQ:GOOGL) unit aimed at creating self-driving cars, didnâÂÂt need $2.3 billion.
Source: BigTunaOnline / Shutterstock.com
In late 2019 Morgan Stanley valued it .ÃÂ The valuation was based on Waymo technology. Waymo is miles ahead of other self-driving efforts, because Google has been working on it for a decade.
What Waymo has lacked, in the face of fierce opposition from auto makers, is a go-to-market strategy. Waymo has been buying cars from other companies, outfitting them with its tech and running experiments. It hasnâÂÂt gotten close to generating substantial revenue, let alone profit.
ThatâÂÂs what the new funding is meant to provide.
For investors, itâÂÂs a sideshow. AlphabetâÂÂs valuation of $930 billion has nothing to do with Waymo. ItâÂÂs about the companyâÂÂs $161 billion in 2019 revenue, and its ability to bring 20% of that to the net income line. ItâÂÂs about the companyâÂÂs 18% annual growth rate.
What Venture Capital Does
The real headline here may be the appointment of Egon Durban, the 46-year-old , to the Waymo board.
Durban has been with Silver Lake for 20 years. He led its investment into Dell Technologies (NYSE:) and Skype, now part of Microsoft (NASDAQ:). He knows how to turn investment capital into money, how to negotiate with big partners. And he knows how to discipline management.
Durban will be joined by a second outsider from the Canadian Pension Board, which . So did the sovereign wealth fund of Abu Dhabi, Andreessen Horowitz, Magna International (NYSE:) and car retailer AutoNation (NYSE:). Alphabet itself is also part of the round.
The Waymo Problem
While last yearâÂÂs Morgan Stanley valuation on Waymo was a 40% cut, itâÂÂs still more than all but two other car makers, Toyota (NYSE:) and Tesla (NASDAQ:). This makes finding a manufacturing deal tough, since the newcomer is worth more than any incumbent.
The most important question is when, and how, to scale up manufacturing. Should Waymo even be involved in internal combustion cars, with all their complexity? Should it wait until it can find a partner who mass produces electric vehicles? Or should it partner or make cars itself?
The questions have stalled Waymo even while it has scaled up its experiments. Many workers are temps or contractors, who see themselves as second-class employees. This can cause . One became so angry he caused a Waymo vehicle to crash.
Which Way, Mo?
These are problems money alone wonâÂÂt solve. They require strategy, planning and execution. These are things John Krafcik, who has been running the unit since 2015, has been unable to deliver.
The venture investment represents that hoary cliché, . Decisions must be made on what to produce, how to produce it and how to get it to market.
Waymo must decide whether to buy a car company, build its own manufacturing plant or just sell its technology.
The Bottom Line on Google Stock
The value of autonomy, relative to the value of a car and the value of transportation, has always been a hard formula. WaymoâÂÂs sky-high valuation is a mirage, a set of assumptions by bankers that doesnâÂÂt reflect what it has been able to do in the marketplace.
Google hasnâÂÂt been able to solve this equation. The hope is that Silver Lake and its financial partners will do that.
If Waymo can justify its valuation, it might give Google stock a lift. But that lift, assuming it ever comes, will be a small one.
has been a financial and technology journalist since 1978. His latest book is TechnologyâÂÂs Big Bang: Yesterday, Today and Tomorrow with MooreâÂÂs Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at . As of this writing he owned shares in MSFT.
More From InvestorPlace
The post 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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He led its investment into Dell Technologies (NYSE:) and Skype, now part of Microsoft (NASDAQ:). Source: BigTunaOnline / Shutterstock.com In late 2019 Morgan Stanley valued it .ÃÂ The valuation was based on Waymo technology. Waymo must decide whether to buy a car company, build its own manufacturing plant or just sell its technology.
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He led its investment into Dell Technologies (NYSE:) and Skype, now part of Microsoft (NASDAQ:). Waymo, the Alphabet (NASDAQ:, NASDAQ:GOOGL) unit aimed at creating self-driving cars, didnâÂÂt need $2.3 billion. The Waymo Problem While last yearâÂÂs Morgan Stanley valuation on Waymo was a 40% cut, itâÂÂs still more than all but two other car makers, Toyota (NYSE:) and Tesla (NASDAQ:).
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He led its investment into Dell Technologies (NYSE:) and Skype, now part of Microsoft (NASDAQ:). Waymo, the Alphabet (NASDAQ:, NASDAQ:GOOGL) unit aimed at creating self-driving cars, didnâÂÂt need $2.3 billion. The Waymo Problem While last yearâÂÂs Morgan Stanley valuation on Waymo was a 40% cut, itâÂÂs still more than all but two other car makers, Toyota (NYSE:) and Tesla (NASDAQ:).
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He led its investment into Dell Technologies (NYSE:) and Skype, now part of Microsoft (NASDAQ:). Waymo, the Alphabet (NASDAQ:, NASDAQ:GOOGL) unit aimed at creating self-driving cars, didnâÂÂt need $2.3 billion. The Waymo Problem While last yearâÂÂs Morgan Stanley valuation on Waymo was a 40% cut, itâÂÂs still more than all but two other car makers, Toyota (NYSE:) and Tesla (NASDAQ:).
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a8c80be0-8ef4-4469-b337-1ddf7cd274f6
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726196.0
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2020-03-04 00:00:00 UTC
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Dell Technologies To Present At Morgan Stanley Conference; Webcast At 11:45 AM
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DELL
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https://www.nasdaq.com/articles/dell-technologies-to-present-at-morgan-stanley-conference-webcast-at-11%3A45-am-2020-03-04
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nan
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nan
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(RTTNews) - Dell Technologies (DELL) will present at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco, CA.
The event is scheduled to begin at 11:45 AM ET on March 4, 2020.
To access the live webcast, log on to investors.delltechnologies.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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(RTTNews) - Dell Technologies (DELL) will present at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco, CA. To access the live webcast, log on to investors.delltechnologies.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The event is scheduled to begin at 11:45 AM ET on March 4, 2020.
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(RTTNews) - Dell Technologies (DELL) will present at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco, CA. To access the live webcast, log on to investors.delltechnologies.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The event is scheduled to begin at 11:45 AM ET on March 4, 2020.
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(RTTNews) - Dell Technologies (DELL) will present at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco, CA. To access the live webcast, log on to investors.delltechnologies.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The event is scheduled to begin at 11:45 AM ET on March 4, 2020.
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(RTTNews) - Dell Technologies (DELL) will present at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco, CA. To access the live webcast, log on to investors.delltechnologies.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The event is scheduled to begin at 11:45 AM ET on March 4, 2020.
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9449a11d-ef6f-46ac-b9ae-05849a86135b
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726197.0
|
2020-03-03 00:00:00 UTC
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VMware Is a Very Profitable and Cheap Cloud Stock
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DELL
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https://www.nasdaq.com/articles/vmware-is-a-very-profitable-and-cheap-cloud-stock-2020-03-03
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nan
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nan
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VMware (NYSE:) is a very profitable and cheap cloud stock that has taken a dip worth buying. The company just reported its annual fiscal earnings ending Jan. 31. It shows that VMware makes huge margins in its cloud software subscription, licensing and serving business.
Source: Sundry Photography / Shutterstock.com
However, the company, 80.7% owned by Dell (NYSE:), which also controls 97.5% of its voting power, is facing competitive issues.
VMware Stock Has Issues
BarronâÂÂs an interesting report on VMwareâÂÂs competition from a technology called Kubernetes.
The gist of the article is that more companies are migrating their data and operations to the cloud faster than ever. This is bad news for much of VMWareâÂÂs legacy software, other than its recent acquisition of Pivotal, a cloud company.
VMware stock took a hit on Friday, Feb. 28, since the âÂÂcompanyâÂÂs uncertain commentary over its core on-premise server software business may have spooked investors the most.âÂÂ
In other words, the shift to the cloud is moving faster and VMware may be losing business. At least that is what the market is worried about.
VMWare Is Doing Quite Nicely, Thank You
The company gave a forecast for its revenue and cash flow, which although below analystsâ expectations, still is extremely profitable. about the marketâÂÂs disappointment with the numbers and VMwareâÂÂs apparent shortfall.
For example, the company reported Q4 adjusted earnings per share of $2.05 versus the Wall Street consensus estimate of $2.17, according to FactSet.
However, not everything was so bad. VMware posted revenue of $3.07 billion for the same quarter, up 11% year over year. But this was above the $2.95 billion average analyst estimate.
But letâÂÂs keep things in perspective. Free cash flow for the fourth quarter was $1.02 billion. This is a huge margin compared to its revenue. Free cash flow represented one-third of its quarterly revenue. That is huge.
Moreover, free cash flow margins for the year ending Jan. 31 was even higher. VMware generated $3.59 billion in free cash flow. This represents a margin of 35.8% on its annual revenue of $10.81 billion.
Very few businesses can convert this much of its revenue into free cash flow. Moreover, the forward outlook is not all that bad.
The Outlook Is Not as Bleak as Some Say
The truth is VMware is going to be generating good profits for a good while, even if the cloud migration proceeds faster than its legacy revenue fades.
For example, the company projected that its coming fiscal year should result in $3.76 billion in free cash flow. That still represents a margin of 31% on its expected revenue of $12.05 billion this year. And that revenue will be up at least 11%, according to the company.
How can the company be so sure about its outlook? One reason is the huge amount of âÂÂunearnedâ revenue it has in its backlog.
For example, VMware reported that it had $9.268 billion in unearned revenue. Companies used to call this âÂÂdeferredâ revenue. In addition, it has $4.05 billion in long-term unearned revenue.
This $13.3 billion in total unearned revenue represents contracts that its clients have signed but the revenue has not yet been earned or billed. In effect, it is a hidden asset.
Yes, lots of software companies have these assets. Sometimes companies can switch out of these contracts. But VMwareâÂÂs purchases of Pivotal and Carbon Black, which both operate in the cloud migration space, will help the company keep these clients.
What Analysts Are Saying About VMware Stock
that Jefferies analyst Brent Thill reiterated his âÂÂbuyâ rating for VMware stock on Friday, Feb. 28. This implication was that this was a sort of tepid promotion of VMware stock.
to $165 from $190 after the earnings. Right now VMware stock is at $120.52, so this represents upside of just 37%, instead of 58%. But the point is the analyst thinks the stock is worth a good deal less now.
By the way, if they are correct, this is not good news for Dell stock, since it represents a huge portion of its total value. Seeking Alpha analyst in December about VMWare as part of its sum-of-the-parts valuation.
What Should Investors Do With VMware Stock?
Right now VMware stock trades with an implied free cash flow yield of 7.5%. That is derived by taking the expected $3.76 billion in free cash flow this year divided by its $50 billion market value today.
Other tech stocks like ServiceNow (NYSE:) are much more expensive. Its FCF yield is 1.6%. Another competitor Arista NetworksÃÂ (NYSE:) has a more expensive 6.4% FCF yield on a last 12 months (LTM) basis.
In addition, Citrix Systems (NASDAQ:) has a 5.7% FCF yield. In fact, another competitor NutanixÃÂ (NASDAQ:) has a negative FCF yield.
But larger peers are much cheaper on this basis. Cisco (NASDAQ:) is cheaper than VMware with its 8.7% FCF yield. IBM (NYSE:) has a 10.8% FCF yield.
So the bottom line is that VMware stock is cheap, but not as much as some of its peers. Given analystsâ disappointment with the stock with its latest results, it is possible WMware stock might fall further.
However, investors should keep in mind that this is still a very profitable $50 billion market value company. It produces a large amount of free cash flow each year. Moreover, it has a large inventory of unearned revenue. It is not going to fade away, despite what some authors and analysts might lead you to believe.
As of this writing, Mark Hake, CFA does not hold a position in any of the aforementioned securities. Mark Hake runs theÃÂ ÃÂ which you can reviewÃÂ here.ÃÂ TheÃÂ GuideÃÂ focuses on high total yield value stocks. Subscribers get a two-week free trial.
The post 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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Source: Sundry Photography / Shutterstock.com However, the company, 80.7% owned by Dell (NYSE:), which also controls 97.5% of its voting power, is facing competitive issues. By the way, if they are correct, this is not good news for Dell stock, since it represents a huge portion of its total value. It shows that VMware makes huge margins in its cloud software subscription, licensing and serving business.
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Source: Sundry Photography / Shutterstock.com However, the company, 80.7% owned by Dell (NYSE:), which also controls 97.5% of its voting power, is facing competitive issues. By the way, if they are correct, this is not good news for Dell stock, since it represents a huge portion of its total value. VMware generated $3.59 billion in free cash flow.
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Source: Sundry Photography / Shutterstock.com However, the company, 80.7% owned by Dell (NYSE:), which also controls 97.5% of its voting power, is facing competitive issues. By the way, if they are correct, this is not good news for Dell stock, since it represents a huge portion of its total value. VMWare Is Doing Quite Nicely, Thank You The company gave a forecast for its revenue and cash flow, which although below analystsâ expectations, still is extremely profitable.
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Source: Sundry Photography / Shutterstock.com However, the company, 80.7% owned by Dell (NYSE:), which also controls 97.5% of its voting power, is facing competitive issues. By the way, if they are correct, this is not good news for Dell stock, since it represents a huge portion of its total value. And that revenue will be up at least 11%, according to the company.
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3fed1e6f-a679-4732-ab32-e12f71a288ee
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726198.0
|
2020-02-29 00:00:00 UTC
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Why This Top Retail Stock Is Poised To Fly High
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DELL
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https://www.nasdaq.com/articles/why-this-top-retail-stock-is-poised-to-fly-high-2020-02-29
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nan
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nan
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Arts and crafts retailer The Michaels Companies (NASDAQ: MIK) might not look like the most obvious winner on the market today. The stock has plunged 72% lower over the last 52 weeks, posting spotty earnings and sales along the way, and has installed a new CEO to boot.
But that's the downturn that set Michaels up for a market-crushing rebound in 2020 and beyond. I think you'll agree that this company is more stable, profitable, and promising than the plunging stock chart might indicate.
Image source: Getty Images.
This massive discount makes no sense
Michaels' stock has been relegated to Wall Street's bargain bin. The stock trades at 2.3 times trailing earnings, 1.8 times forward estimates, and 1.4 times free cash flows. These are valuation multiples normally reserved for companies on the brink of bankruptcy and delisting from the stock market.
Except, you'll note that Michaels is quite profitable. The company generates solid earnings and even stronger cash flows, despite slowly falling top line sales. When you look at the company's market value in the context of its solid profit streams, you get this crazy chart:
MIK Free Cash Flow data by https://ycharts.com">YCharts
This stock's deep-discount valuation looks even more inviting when you look at the sterling pedigree of Michaels' new CEO. Ashley Buchanan spent 12 years at retail titan Walmart (NYSE: WMT), most recently serving as that company's chief of e-commerce operations.
If you were worried that this seasoned retailer would fall back on tried and no-longer-true traditional business tricks, I would remind you that Buchanan entered Walmart from the tech sector. His resume includes eight years of high-level management positions with computer systems giant Dell (NYSE: DELL) and IT consulting veteran Accenture (NYSE: ACN).
What's next for Michaels?
We'll know more about Buchanan's technology-based business plans when the company reports holiday-quarter earnings on March 17. Until then, we're looking at a deeply misunderstood and drastically undervalued company, whose unique niche in the retail landscape is fairly well insulated against e-commerce threats. Customers in the arts and crafts market generally like to hem and haw over their choices in person.
So Michaels is poised to skyrocket from this deep plunge. Give Ashley Buchanan some time to straighten up the company's most glaring problems, and then give skeptical investors some time to understand what's going on here.
Michaels is actually a high-quality retailer whose stock is on fire sale for some questionable reasons.
10 stocks we like better than The Michaels Companies
When investing geniuses David and Tom Gardner have 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.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and The Michaels Companies 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 December 1, 2019
Anders Bylund has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Accenture. The Motley Fool recommends The Michaels Companies. 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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His resume includes eight years of high-level management positions with computer systems giant Dell (NYSE: DELL) and IT consulting veteran Accenture (NYSE: ACN). When you look at the company's market value in the context of its solid profit streams, you get this crazy chart: MIK Free Cash Flow data by https://ycharts.com">YCharts This stock's deep-discount valuation looks even more inviting when you look at the sterling pedigree of Michaels' new CEO. Ashley Buchanan spent 12 years at retail titan Walmart (NYSE: WMT), most recently serving as that company's chief of e-commerce operations.
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His resume includes eight years of high-level management positions with computer systems giant Dell (NYSE: DELL) and IT consulting veteran Accenture (NYSE: ACN). Arts and crafts retailer The Michaels Companies (NASDAQ: MIK) might not look like the most obvious winner on the market today. The stock trades at 2.3 times trailing earnings, 1.8 times forward estimates, and 1.4 times free cash flows.
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His resume includes eight years of high-level management positions with computer systems giant Dell (NYSE: DELL) and IT consulting veteran Accenture (NYSE: ACN). When you look at the company's market value in the context of its solid profit streams, you get this crazy chart: MIK Free Cash Flow data by https://ycharts.com">YCharts This stock's deep-discount valuation looks even more inviting when you look at the sterling pedigree of Michaels' new CEO. 10 stocks we like better than The Michaels Companies When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
|
His resume includes eight years of high-level management positions with computer systems giant Dell (NYSE: DELL) and IT consulting veteran Accenture (NYSE: ACN). When you look at the company's market value in the context of its solid profit streams, you get this crazy chart: MIK Free Cash Flow data by https://ycharts.com">YCharts This stock's deep-discount valuation looks even more inviting when you look at the sterling pedigree of Michaels' new CEO. Ashley Buchanan spent 12 years at retail titan Walmart (NYSE: WMT), most recently serving as that company's chief of e-commerce operations.
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e8490ddd-740d-4059-924b-4e6440aa1673
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726199.0
|
2020-02-27 00:00:00 UTC
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Dell Technologies Q4 Earnings Miss Wall Street
|
DELL
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https://www.nasdaq.com/articles/dell-technologies-q4-earnings-miss-wall-street-2020-02-27
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nan
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nan
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(RTTNews) - Dell Technologies (DELL) Thursday reported fourth-quarter net income of $416 million, compared to loss of $287 million. Earnings per share were $0.54.
Adjusted income was $1.68 billion, up from $1.59 billion last year. Adjusted earnings per share were $2.00.
Fourth-quarter revenues were $24.0 billion, up 1 percent from $23.84 billion last year. Adjusted revenue was $24.1 billion, up 1 percent, over the same period last year.
Analysts polled by Thomson Reuters estimated earnings of $2.02 per share on revenues of $24 billion.
The views and 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) - Dell Technologies (DELL) Thursday reported fourth-quarter net income of $416 million, compared to loss of $287 million. Adjusted revenue was $24.1 billion, up 1 percent, over the same period last year. Analysts polled by Thomson Reuters estimated earnings of $2.02 per share on revenues of $24 billion.
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(RTTNews) - Dell Technologies (DELL) Thursday reported fourth-quarter net income of $416 million, compared to loss of $287 million. Adjusted income was $1.68 billion, up from $1.59 billion last year. Fourth-quarter revenues were $24.0 billion, up 1 percent from $23.84 billion last year.
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(RTTNews) - Dell Technologies (DELL) Thursday reported fourth-quarter net income of $416 million, compared to loss of $287 million. Adjusted income was $1.68 billion, up from $1.59 billion last year. Fourth-quarter revenues were $24.0 billion, up 1 percent from $23.84 billion last year.
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(RTTNews) - Dell Technologies (DELL) Thursday reported fourth-quarter net income of $416 million, compared to loss of $287 million. Adjusted income was $1.68 billion, up from $1.59 billion last year. Adjusted earnings per share were $2.00.
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16d7c2dc-6e55-4d74-9a43-a6e0d00fe780
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