President Trump raised China tariffs late Friday, as the China trade war spirals. The Dow Jones dipped after plunging in Friday's session. So did Apple, AMD, Tesla and Nike.
At a time when quality and metrics, such as return on equity (ROE), are being rewarded, tech looks good because its ROE is well in excess of the broader market's.
Apple stock fell 4.6% as the US-China trade war intensified today. China warned of tariffs on more US goods, followed by Trump's tweeted response.
President Trump raised China tariffs late Friday, as the China trade war spirals. The Dow Jones, Apple, AMD, Tesla, Nike dipped late after plunging Friday.
Traditional pay-TV services are shedding subscribers because video streaming is more convenient, offers more choice, and, at least for now, a better value. As Netflix (ticker: NFLX), Apple (AAPL), (DIS) (DIS), (CMCSA)(CMCSA), and other heavyweights battle it out, the best way to play streaming is turning out to be upstart (ROKU) (ROKU). The company’s combination of hardware and software enables consumers to watch content streamed over the internet.
Indexes report 4th consecutive week of losses Continue reading...
Top tickers for end of day: GE, AAPL, KO.
In response to new tariffs from China and President Trump's tweets, the market tanked to session lows on Friday. The DJIA nosedived more than 600 points.
There was a time when the Bay Area felt it had a lock on tech talent. Now some of the Bay Area’s most promising companies are finding themselves heavily courted by cities and states eager to lure the high-paying jobs and growth aura that these companies can bring with them. The huge incentive package spurred speculation that the company could one day move its headquarters to the Texas city, which Uber denied.
Shares of Apple and Silicon Valley's semiconductor companies were pummeled on Friday as President Trump responded to new tariffs from China with a tweet saying he's demanding that American companies "immediately start looking for an alternative to China."
* All 3 major U.S. stock indexes post 4th straight weekly declines
(Bloomberg) -- Qualcomm Inc. won’t have to renegotiate its patent licenses while appealing an antitrust ruling won by the U.S. Federal Trade Commission, a federal appeals court ruled.Qualcomm has raised “serious questions” about the merits of the trial court’s ruling, a panel of the U.S. Court of Appeals for the Ninth Circuit said Friday in an order putting the May 21 decision on hold.Forcing the chipmaker to enter into new contracts imposes changes that “cannot be easily undone should Qualcomm prevail on appeal,” the three-judge panel in San Francisco said in a seven-page order that was unusually detailed. There’s no guarantee the three judges who considered Qualcomm’s request will be on the panel hearing the appeal in JanuaryU.S. District Judge Lucy Koh found in May that Qualcomm’s “no license, no chips” policy unfairly leveraged the company’s market position to force customers to pay inflated prices for chips and royalties for their technology. She ordered the company to end the policy and renegotiate some of its contracts.Read More: Judge’s Conundrum: Is Qualcomm a Monopolist, or Merely a Bully?Qualcomm has argued that Koh’s order would undermine its entire business. Under the original ruling, the company would be forced to renegotiate patent-licensing contracts with phone makers, a process that could slash its largest source of profit. It would create binding arrangements that wouldn’t be reversed, even if Qualcomm got the ruling overturned on appeal.The San Diego-based chipmaker is unusual in the chip industry because it gets the majority of its profit from fees on patents that cover the fundamentals of how modern phone systems work. Apple Inc., Samsung Electronics Co. and all of the world’s biggest phone makers have to pay whether or not they use its chips. That arrangement has caused intense legal fights and regulatory scrutiny around the world for Qualcomm.The case has split the U.S. government, especially the two agencies charged with antitrust matters. While the FTC -- an independent agency -- argued that Qualcomm harmed competition, the U.S. Justice Department said Koh’s ruling harmed consumers.Qualcomm also got the backing of other areas of the Trump administration, as both the Defense Department and Department of Energy said the order threatens national security and America’s lead role in 5G, the next-generation of wireless technology that promises to transform everything from robotic surgery to autonomous vehicles.“Whether the district court’s order and injunction represent a trailblazing application of the antitrust laws, or instead an improper excursion beyond the outer limits of the Sherman Act, is a matter for another day,” the appeals panel said, referring to the federal antitrust law.The language of the ruling has improved Qualcomm’s chance of winning the appeal or reaching a settlement with the agency, said Jennifer Rie, an analyst with Bloomberg Intelligence.Ankur Kapoor, an antitrust lawyer with Constantine Cannon in New York who’s not involved in the case, said the panel’s detailed ruling may be an attempt to “explain their thinking” in a case with high stakes for the company. He said the court wanted to maintain the status quo, especially considering the potential impact to Qualcomm’s long-term business and the fact that the appeal is being expedited, with a decision expected shortly after January arguments.In some ways, Qualcomm’s licensing program “appears significantly impaired regardless” because of the legal strains on the company and the slowdown in the “horrendous” chip market, said Stacy Rasgon, an analyst with Bernstein Research.FTC ‘Disappointed’FTC Bureau of Competition Director Bruce Hoffman said he was disappointed in the court’s ruling and noted that only part of the court’s ruling was put on hold. Qualcomm still can’t enter into exclusive deals on modem chips, can’t interfere with any customer’s ability to communicate with government agencies and must submit to monitoring, which the FTC said promotes competition. Qualcomm didn’t ask the appeals court to put those aspects on hold.“The Bureau of Competition will monitor Qualcomm’s conduct relating to the on-going injunctive provisions, and we stand ready to evaluate any information from industry participants relating to whether Qualcomm is complying with its obligations,” Hoffman said.The court order previews some of the arguments that Qualcomm is expected to make when it files its written arguments with the Ninth Circuit later Friday. Qualcomm will argue that Koh stretched the definition of antitrust rules under U.S. law and ignored evidence that showed there was competition.Koh had no right to decide that Qualcomm’s rates were unreasonable, order the company to give licenses to its competitors or decide whether or not it has to supply chips to handset makers, the San Diego-based company contends.The case is Federal Trade Commission v. Qualcomm, 17-220, U.S. Court of Appeals for the 9th Circuit (San Francisco).To contact the reporters on this story: Susan Decker in Washington at email@example.com;Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, Peter Blumberg, Steve StrothFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Shares of Apple Inc. dove 4.6% on Friday after President Donald Trump said he's ordering U.S. companies to start looking for "an alternative to China." Trump's pronouncement, which sent the Dow down more than 600 points, came after Beijing announced retaliatory tariffs on imports of U.S. goods. Apple gleans 18.3% of its total revenue from mainland China, second only to the U.S.'s 36.9%, according to FactSet. Nearly all of the company's flagship iPhones are built in China, creating economic and political tension between Trump and Apple CEO Tim Cook, who strongly opposes tariffs against China. Wedbush Securities analyst Daniel Ives referred to Friday's selloff as "a gut punch to Cupertino." Apple is headquartered in Cupertino, Calif. Apple shares are up 28% this year.
Markets have been so volatile this summer on U.S.-China trade tensions that investors might not have noticed: Tech stocks are absolutely red-hot in 2019.Indeed, the technology sector of Standard & Poor's 500-stock index is leading the broader market by a mile this year, with a year-to-date gain of 29% through Aug. 21. By comparison, the S&P; 500 is up about 17%, while the tech-heavy Nasdaq Composite Index has risen 21%. (The second-best performing sector is real estate, up 25%.)Stellar gains are always welcome, but they do pose a challenge for investors. After such a big run-up, is there anything left worth buying at current levels?Analyst sure think so. Between momentum and the sector's outsize growth prospects, plenty of tech stocks have nowhere near topped out, they say.To see which picks analysts like best at this point, we screened the Nasdaq Composite for the top-rated small, midsize and large tech stocks. S&P; Global Market Intelligence surveys analysts' ratings on stocks and scores them on a five-point scale, where 1.0 equals Strong Buy and 5.0 means Strong Sell. Any score of 2.0 or lower means that analysts, on average, rate the stock a Buy. The closer the score gets to 1.0, the better.Here are the 12 tech stocks the analysts love right now. This group is broken down into the four best-rated stock picks in the small-, mid- and large-cap spaces. SEE ALSO: All 30 Dow Stocks Ranked: The Analysts Weigh In
DOW UPDATE The Dow Jones Industrial Average is slumping Friday afternoon with shares of Apple Inc. and Intel facing the biggest losses for the index. The Dow (DJIA) was most recently trading 582 points (2.
Lone Pine Capital's flagship hedge fund outperformed the S&P 500 Index by nearly 8 percentage points per year since its inception in 1998. But that's mostly because of its tremendous success in the earlier years of the fund. Nowadays Lone Pine's returns go hand in hand with the market. For example, last year Lone Pine's […]
The stock market took it on the chin Friday as institutional investors sold stocks again. Apple was the biggest decliner in the Dow Jones, down nearly 5%.
Qualcomm Inc won a partial stay against the enforcement of a sweeping antitrust ruling in a lawsuit brought by the U.S. Federal Trade Commission (FTC), according to a court filing on Friday.
* Indexes down: Dow 1.87%, S&P 2.00%, Nasdaq 2.53% (Updates to late afternoon, changes dateline, byline)
Top tickers for midday: AAPL, MSFT, BA, AMD, CRM, TSLA, GE, AMZN, BABA, NVDA, FB, BAC, ROKU, NFLX, MU, TGT, T, JD, QCOM, SNAP.
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of a new feature for Music subscribers. Today, we'll look at that and other Apple Rumors for Friday.Source: View Apart / Shutterstock.com New Music Daily: Apple Music is getting a new playlist with "New Music Daily", reports 9to5Mac. This is a new playlists from the company that will provide subscribers with a unique list of music to listen to every day. New Music Daily is actually serving as a replacement for the "Best of the Week" playlist. This playlist was updated every week on Friday. With the new playlist changing daily, it makes the old playlists obsolete.HomePod Launch: Apple fans in Japan and Taiwan can now purchase the HomePod, MacRumors notes. This comes after the company was allowing customers to preorder the device ahead of its launch. While the HomePod may not be the best performing product for the tech company, AAPL still appears dedicated to growing its user base.InvestorPlace - Stock Market News, Stock Advice & Trading TipsiCloud Beta: A new web portal for iCloud is in beta testing, reports AppleInsider. This web portal allows users to access and manage their data in iCloud. The new beta introduces a few aesthetic changes, as well as a new app. That new app is Reminders, which will be coming to mobile devices when iOS 13 launches. Not all of the features present in the mobile version of Reminders is available in web version.Subscribe to Apple Rumors As of this writing, William White did not hold a position in any of the aforementioned securities.The post Friday Apple Rumors: 'New Music Daily' Comes to Apple Music appeared first on InvestorPlace.
Code PaLOUsa, a three-day tech conference in Louisville, brought in Gianugo Rabellino, Microsoft’s director of accessibility for the cloud and artificial intelligence (AI), to address many of the issues present because of the lack of accessibility in the tech industry.
Subscription services to the rescue?
Stocks fell sharply across the board after President Donald Trump said U.S. companies are ‘hereby ordered’ to look for alternatives to China. Technology companies were among the worst hit.
The Dow Jones Industrial Average, Nasdaq and Russell 2000 showed deep declines in another bearish session for stocks. Microsoft is yielding recent gains.
* Powell says will "act as appropriate" to support growth (Updates to early afternoon)
Investing.com – Stocks tumbled Friday as the U.S.-China trade dispute intensified and President Donald Trump announced he was ordering U.S. companies with China facilities to move them somewhere else.
As bond yields slip, we searched using the Zacks Stock Screener for large-cap technology firms that also pay a dividend. Here are 3 of the strong tech stocks that came through our screen this morning...
DOW UPDATE The Dow Jones Industrial Average is seeing a selloff Friday afternoon with shares of Apple Inc. and American Express facing the biggest setback for the price-weighted average. Shares of Apple Inc.
Shopify stock has been a huge winner in 2019. Shopify earnings are booming and the company plans to compete more with Amazon. But is SHOP stock a buy now?
Qualcomm Inc won a partial stay against the enforcement of a sweeping antitrust ruling in a lawsuit brought by the Federal Trade Commission (FTC), according to a court filing on Friday.
President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, a rhetorical strike at Beijing as trade tensions mounted.
Apple is 'aggressively' looking to shift its supply chain away from China as a result of the trade tensions, according to an analyst.
DOW UPDATE The Dow Jones Industrial Average is in a selloff Friday morning with shares of Apple Inc. and 3M facing the biggest declines for the index. Shares of Apple Inc. (AAPL) and 3M (MMM) are contributing to the index's intraday decline, as the Dow (DJIA) was most recently trading 441 points (1.
(Bloomberg) -- Semiconductor companies and Apple Inc. fell sharply on Friday, as the trade war between the U.S. and China continued to escalate.China’s Ministry of Finance said the country plans to levy retaliatory tariffs on another $75 billion of U.S. goods, pressuring the securities in pre-market trading. Their losses were extended following the open, after President Donald Trump subsequently said that he would announce his response Friday afternoon.Apple fell as much as 3.9%. The iPhone maker is heavily correlated to trade issues because China is both a major part of its supply chain and a notable market for its products. The company derived nearly 20% of its 2018 revenue from China, according to data compiled by Bloomberg.Chipmakers have been similarly volatile because of the trade war. The Philadelphia Semiconductor Index dropped 3.6% on Friday, and every member of the benchmark industry index was in negative territory.Among notable decliners, Qualcomm Inc. lost 3.3% while Nvidia Corp. was off 5% and Micron Technology shed 3.5%. Broadcom Inc. was down 4.9% and ON Semiconductor Corp. lost 5.4%.Technology stocks were the weakest-performing sector on Friday, with the S&P 500 information technology index down 2.4%. The S&P 500 overall fell 1.4%.(Adds Trump’s response in second paragraph, updates prices to market open)To contact the reporter on this story: Ryan Vlastelica in New York at firstname.lastname@example.orgTo contact the editor responsible for this story: Catherine Larkin at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
China will impose additional tariffs on U.S. imports worth about $75 billion in response to a forthcoming fourth tranche of U.S. tariffs ...
Qualcomm Inc won a partial stay against the enforcement of a sweeping antitrust ruling in a lawsuit brought by the Federal Trade Commission (FTC), according to a court filing on Friday.
President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, sending U.S. markets down sharply in a new rhetorical strike at Beijing as trade tensions mounted. Trump cannot legally compel U.S. companies to abandon China immediately.
CRM stock has lagged software group peers as investors digest big acquisitions, such as Tableau. Could digital transformation growth drive a Salesforce stock rally.
On CNBC's "Fast Money Final Trade," Steve Grasso said he would be a seller of salesforce.com, inc. (NYSE: CRM) on the pop ...
AT&T and these two other stocks are safe, stable, income-producing investments that could look great in any portfolio.
* Foot Locker slumps after quarterly results miss estimates (Updates to open)
A vast majority of employees queried at Cisco Systems and several other big Silicon Valley tech employers say they've noticed cost-cutting at work.
Retaliatory China tariffs on U.S. autos and other goods, which risk further slowing the global economy, slammed the Dow Jones early Friday.
InvestorsObserver issues critical PriceWatch Alerts for AAPL, BA, CRM, DIS, and JPM.
"Tech" and "blue chip" aren't mutually exclusive...
CFO Amy Hood helps investors better understand these two growth drivers.
Chris Irons' experience with investing began with a loss. In an interview with Benzinga, Irons traced his journey from a young ...
The best tech stocks to buy and watch aren't hard to find, as long as you know you're fishing in the right pond. That means targeting top stocks showing resilience and holding near highs.
Today we'll look at Microsoft Corporation (NASDAQ:MSFT) and reflect on its potential as an investment. To be precise...
Two U.S. lawmakers have called on a top financial regulatory panel to consider direct oversight of the cloud services big tech companies provide to banks, saying they have become a critical component of the global financial system.
Goldman Sachs’ “Hedge Fund VIP List”—containing the 50 most popular stocks among hedge fund portfolios—has outperformed the broader market for the past 18 years. The Hedge Fund VIP basket has beaten the market by an average 50 bps in every quarter since 2001. The list is a tool that investors can use to “follow the smart money,” wrote Goldman’s analysts in their most recent Hedge Fund Trend Monitor report, which analyzes a group of 835 distinct hedge funds.
China's Xiaomi is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce competition present formidable challenges.
With strong earnings as a ballast to its bold strategy, Lenovo is looking like a force to be reckoned with in the tech market.
Salesforce.com Inc forecast third-quarter and full-year revenue above Wall Street estimates on Thursday, as it benefits from acquisitions and more companies opting for its cloud-based services, sending its shares up 7% in extended trading.
Top tickers for end of day: GLW, AAPL, BAC, BBBY, GPS, MO, SNAP.
The Cupertino company is expected to release a host of product revamps and upgrades in September, but 5G likely won't be on the docket until next year.
Nearly all leaders of the most successful businesses eventually get asked a version of this interview question: “What drives you? ...
Seattle software engineers make an average $116,500 base salary a year, and California companies broadening their Seattle-area bases drive those figures up.
Salesforce.com Inc forecast third-quarter revenue above Wall Street estimates on Thursday, encouraged by more companies opting for its cloud-based services, sending its shares up 7% in extended trading.
Software as a Service leader Adobe has built a flat base, just ahead of an expected rebound.in earnings growth for fiscal 2020.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Microsoft Corporation (MSFT), where a total of 155,154 contracts have traded so far, representing approximately 15.5 million underlying shares. That amounts to about 58.4% of MSFT's average daily trading volume over the past month of 26.6 million shares..
If the Fed’s monetary policy prescriptions falter the way that they have abroad, then you might want to have a bit more cash on hand than usual. You cannot buy the big bad dippers without the “dry powder” to do so.
Here's what to expect from the 2019 iPhones.
Zoom's valuation corresponds to high expectations.
After some brief excitement following the closing of its Red Hat deal, International Business Machines (NYSE:IBM) stock is back in the doldrums.Source: JHVEPhoto / Shutterstock.com Shares were due to open Aug. 22 at about $134.20. They're down 7.5% over the last year, and almost 30% over the last five years. Shareholders are still getting a $1.62 per share dividend that yields 4.84%, but Red Hat blew a huge hole in the balance sheet and IBM stock price. IBM debt on June 30 was over $58 billion. * 10 Marijuana Stocks That Could See 100% Gains, If Not More IBM needs a new story to tell. Red Hat, and the "open hybrid cloud," is that story. IBM has created Open Shift "Cloud Packs" for all its hardware, with hopes of making all computers into clouds. This includes IBM Z-Series mainframes.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Whitehurst for IBM CEO?What analysts say they want from IBM stock is Red Hat CEO Jim Whitehurst in current CEO Virginia Rometty's chair. They want Red Hat running IBM.That wasn't the promise when this deal was put together. The promise was that Red Hat would get autonomy from IBM, not that IBM would lose its autonomy to Red Hat. But Whitehurst's concept of an Open Organization has excited analysts who don't even know what it is.If IBM became an Open Organization, these analysts think, it would replace the top-down structure IBM has used for a century with an organic system in which employees and customers are part of the product design process. Instead of selling gear or even solutions, IBM would become a corporate change agent.But IBM has spent decades getting to this low point, dumping older workers and paying those who remain less than competitors.Rometty's IBM is a hollowed-out shell, analysts think, dedicated solely to its dividend and hierarchies. Can Whitehurst really teach it to dance? Everybody Gets a CloudThe 2010s have become the "cloud decade" with $4.5 trillion of market cap locked inside just five companies with scaled networks of cloud data centers.Whitehurst's vision is that every company and organization gets its own cloud, using the clouds of Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOGL) seamlessly, and only when needed.This is now IBM's vision. So, the analysts ask, why isn't Whitehurst running IBM?It's because IBM also has a host of other software and hardware platforms, including older, proprietary Unix operating systems, and the Z-Series software of its mainframes. They are on what senior Vice President for Cloud Arvind Krishna calls a "multi-year journey" toward compatibility.In short, it will take years for IBM stock to become what Whitehurst wants it to sell.IBM also has other irons in the fire besides cloud. The company has been spending big on artificial intelligence, on machine learning, and on blockchain. The Bottom Line on IBM StockInternational Business Machines has been run like an old-fashioned industrial organization for decades. Even if Whitehurst became CEO tomorrow, it would take him years to transform the company.IBM shareholders are income investors focused on the dividend, which costs IBM nearly $1.5 billion to service each quarter. Then there's the interest on that debt which, even at 5% would cost nearly $3 billion a year to service. So far, IBM's only financial response to Red Hat has been to halt its stock buybacks, on which it spent $1.2 billion in the last year.IBM earned $8.7 billion in 2018 and could hit that mark again, assuming its third quarter earnings come in as expected. Whether it can be transformed and perform like a real tech company is purely speculative at this point.But if it can, the gains would be huge. Oracle (NASDAQ:ORCL), considered stodgy by Silicon Valley standards, is worth $177 billion with sales of $40 billion. IBM is worth $113 billion on sales of $79 billion. IBM is a long-shot speculation with a 5% yield.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and MSFT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post IBM Stock and Jim Whitehurstas Toughest Test appeared first on InvestorPlace.
Top tickers for midday: AAPL, FB, TSLA, JD, MSFT, BA, AMD, GE, SNAP, AMZN, JWN, TGT, NFLX, CRM, BABA, NVDA, BAC, MU, GPS, ROKU.
Today, Slack (WORK) opened 4.5% higher after MKM Partners analyst Rohit Kulkarni gave Slack stock a "buy" rating with a target price of $40.
To attract enterprise customers, SurveyMonkey is focusing on its platform.
Investing.com - Shares of GameStop (NYSE:GME) surged in midday trade on Thursday after Barron’s reported that investor Michael Burry is long on the stock.
When it comes to Apple (NASDAQ:AAPL) stock over the past several years, I've worn many hats -- including both the bear's hat and the bull's hat.Source: View Apart / Shutterstock.com Today, though, I choose not to wear either hat. The risk-reward profile on AAPL stock at current levels seems balanced. That is to say, there are some things to like about Apple stock. There also some things not to like about Apple stock. The things to like largely cancel out with things not to like, and net net, neither the bull nor the bear thesis on AAPL stock looks all that compelling to me at the current moment.To be sure, long term, Apple stock will go higher. But, the near term will probably be choppy, and that choppiness isn't something I'm too interested in buying into.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWithout further do, then, let's dive into five pros and five cons about AAPL stock, and see how the risks and rewards balance each other out here. 5 Pros About Apple StockIn no particular order, here are five pros about Apple stock right now.The Secular Growth Narrative Remains (Largely) Robust. Apple remains the Western world's favorite consumer technology company, with its products dominating the smartphone, laptop and smartwatch worlds. Sure, unit growth in those consumer hardware arenas is maxing out. But, Apple is successfully pivoting towards a software-driven growth narrative wherein Apple monetizes its extensive hardware install base with multiple subscription software services. Consumers are buying these services, and will continue to do so for the foreseeable future because they are addicted to the iOS ecosystem. In the long run then Apple's revenues and profits should grind higher, as should AAPL stock. * 10 Undervalued Stocks With Breakout Potential China Headwinds Are Easing. China has been a big problem for Apple because: 1) Apple's big growth engine is the China market, 2) China's economic growth is slowing, and 3) elevated trade war tensions between the U.S. and China create increased pricing risk for Apple's products. But, there are signs emerging that China's economy is starting to stabilize, and it appears elevated trade tensions are now cooling. Currency headwinds are also moderating. As such, Apple's China numbers should improve in the back-half of 2019.Big Services Catalysts Are on the Horizon. Apple has a few very big services catalysts on the horizon, including the launch of Apple TV+ and Apple Arcade in the last few months of 2019. If those services gain widespread traction quickly -- and they should, given that they have been hyped up and that Apple is pouring billions of dollars into them -- then investors will grow increasingly bullish on the long-term growth prospects of Apple's services business as we head into the close of 2019. That investor sentiment boost should provide a lift to AAPL stock. Click to EnlargeThe Chart Looks Pretty Good. In late 2018, Apple stock put in a multi-year bottom. Ever since, the stock has been a solid uptrend, forming a healthy multi-quarter support line which the stock has tested and held multiple times. So long as the stock keeps holding this support line, its technicals remain favorable for AAPL stock to stay in an uptrend.The Stock Is Cheap Relative to its Peer Group. AAPL stock presently trades at a forward price-to-earnings ratio of 16.6. That is about as cheap of a forward earnings multiple as you will find in big tech. Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) all trade over 20x forward earnings. 5 Cons About Apple StockAlso in no particular order, here are five cons about Apple stock right now.Some Cracks Are Starting to Form in the Secular Growth Narrative, Especially on the iPhone Side. The secular growth narrative of Apple pivoting into software growth as hardware growth has maxed out looks good. But, it's built on this idea that Apple will maintain a huge hardware install base. There are signs that Apple's hardware install base is already shrinking, though, as multiple reports (see here and here) point to the iPhone actually losing global market share over the past several quarters. If this trend accelerates -- admittedly, a big "if" -- then Apple's secular growth narrative could weaken dramatically.China Is a Wildcard With More Turbulence Coming. Apple's China headwinds are easing right now. But, the U.S.-China trade war is cyclical. It goes from "things are progressing," to more tariffs, to "things are progressing, again" -- and cycles through those phases back and forth. As such, there is another shoe waiting to drop here, and when it does drop, AAPL stock could get hit.Holiday iPhone Sales Will Likely Be Weak. Apple's 5G iPhones are set to launch next year. What about this year's new iPhone? It won't incorporate 5G, and that's big because other smartphone manufacturers are launching 5G phones in 2019. Thus, this holiday season, the smartphone landscape will include non-5G iPhones, and 5G "other smartphones." That isn't a favorable backdrop for healthy iPhone sales.Antitrust Risks Loom Large. I mostly subscribe to the idea that the legal fight against big tech amounts to just noise. Nonetheless, noise creates uncertainty, and investors tend to shy away from uncertainty. Thus, antitrust risks are an optical negative for AAPL stock.The Stock is Expensive Relative to its Historical Standard. While AAPL stock may be cheap next to its peers, it's also expensive relative to its historical standard. Specifically, Apple stock's five-year-average forward earnings multiple is about 14X -- roughly 25% below the current forward earnings multiple. The premium is being warranted by this idea that Apple's new software-driven growth narrative is higher margin and has more stability. Thus, if this software-driven growth narrative deteriorates at all, AAPL stock could be due for a sizable valuation pullback. Bottom Line on Apple StockThere are things to like about AAPL stock here -- good growth, easing headwinds, big catalysts, favorable technicals and a relatively cheap valuation. There are also things not to like about AAPL stock here -- cracks forming in the growth profile, wildcard trade and antitrust risks on the horizon, weak iPhone sales expected this holiday season and an above-average valuation.Putting all that together, it becomes fairly clear that the risk-reward profile on Apple stock is balanced. Until it tips one way or the other, I'm content on watching the Apple show from the sidelines.As of this writing, Luke Lango was long FB, GOOG, AMZN and NFLX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post 5 Pros (And 5 Cons) About Apple Stock appeared first on InvestorPlace.
Salesforces acquisition of Tableau has caused a lot of uncertainty for shareholders and investors. The stock has underperformed the industry and the broader market.
Warren Buffett loves investing in industries and companies that distribute a lot of excess cashflows.
Microsoft Corporation (NASDAQ: MSFT) is the latest tech company to be criticized for using humans to review audio captured through ...
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Technology Select Sector SPDR Fund (XLK), where 5,600,000 units were destroyed, or a 2.0% decrease week over week. Among the largest underlying components of XLK, in morning trading today Microsoft (MSFT) is down about 0.7%, and Apple (AAPL) is higher by about 0.1%.
The Federal Reserve chairman is under increasing pressure to lower interest rates.
InvestorsObserver issues critical PriceWatch Alerts for AAPL, GS, LYFT, MDT, and WMT.
Some of the biggest buyers of stock are suddenly pulling back: S&P 500 companies themselves. This lost demand could be a problem for stock prices.
Apple is acquiring, AT&T is showcasing business applications and others are now introducing the first smartphones for the leap to 5G network communications.
Our call of the day looks at four big U.S. companies that have stumbled after a solid ride between 2016 and 2018. The Felder Report’s Jesse Felder says they need to get a lot cheaper.
Stocks had a nice day rising by about 80 basis points on the S&P 500. However, once again, the index was stuck at 2,925.
Fitbit Inc said on Wednesday it signed a contract with the Singapore government to provide fitness trackers and services in a health program it said could reach up to one million users.
Most people don’t care if their credit card gets a scratch or a scuff, as long as they can still buy things with it. But the sleek new titanium Apple Card may change that.
Teleportation sounds cool. Cybersecurity in public spaces is even cooler.
Dow Jones futures: Wednesday's stock market rally hit resistance at the 50-day, Apple showed relative strength. Splunk, Synopsys, Keysight reported late.
Advances in technology can allow you to order food by voice or unlock your phone with your face, but those new capabilities could take a toll on the environment.
While the streaming giant's hit shows are its bread and butter, another massive opportunity is waiting in the wings.
Salesforce will need to reinvent itself from public cloud offerings to a hybrid approach.
Top tickers for midday: AAPL, TGT, TSLA, NVDA, BAC, MSFT, AMD, GE, FB, BIDU, AMZN, NFLX, LOW, ROKU, BA, HD, BABA, SNAP, BYND, PDD.
Hedge fund investors don’t buy the idea that the U.S. economy is headed for a recession in the near term, according to data from Goldman Sachs
Recent market volatility is weighing on the technology sector and the related ETFs. For example, the iShares U.S. Technology ETF (NYSEArca: IYW) is lower by 1.6% this month, but some market observers believe investors don’t need to be afraid of tech stocks. IYW reflects the performance of the...
* Graphic: http://tmsnrt.rs/2tskfub (Recasts on comments on regional weighting)
* Achieved 3% return on investment (Adds quote, detail, bullet points)
Norway's $1.1 trillion sovereign wealth fund, the world's largest, made a 3.0% return on investment in the second quarter, earning 256 billion Norwegian crowns ($28.5 billion), it said on Wednesday.
Top tickers for end of day: GE, AAPL, S, SNAP, MSFT.
Buyout rumors are flying again around the communications tech company.
Top tickers for midday: AAPL, GE, BIDU, AMD, FB, HD, BYND, NVDA, NFLX, MSFT, TEVA, BAC, TGT, TSLA, BABA, AMZN, TWTR, T, SNAP, DIS.
During a Charles Schwab-hosted media call last Friday, Direxion’s Sylvia Jablonski had some advice to offer concerning investors’ positions when the market is at its worst. As Jablonski explained, when the market falls off, it’s a matter of having a balance of diversified portfolios and having made...
Soon after its U.S. debut, the streaming service will begin rolling out globally.
Connected devices are challenging consoles at the world's largest online gaming fair, as hundreds of thousands of fans jostle to see top e-sports stars in action and give feedback that can decide whether a new release is a hit or a flop.
Shares of the graphics-chip specialist got a boost from several catalysts, including the company's announcement of a big win in its gaming business.
CareerBuilder crunched data on professions that are growing at a faster rate than the national average.
Top tickers for end of day: MSFT, CHK, CNHI, PCG, AAPL, AMD, VRAY.
When you're buying stocks, it can be tempting to have a bias towards popular stocks. But top-tier name recognition alone won't guarantee big gains in your portfolio. That's why it's important to filter out the noise and combat your bias by leveraging data and charts to help you make your buying decisions. We compare and contrast tech giants Microsoft and...
PlayStation console maker Sony Interactive Entertainment said on Monday it would buy privately held Insomniac Games Inc, known for developing games such as Marvel's "Spider-Man" and third-person shooter "Ratchet & Clank" franchise.
Microsoft Corporation (NASDAQ: MSFT) shares have rallied more than 3% off of last Wednesday’s lows when a yield curve inversion in ...
Stocks extended Friday's rally, rising more than 1% in a broad advance as the S&P 500 crept closer to the 50-day moving average.
Microsoft Corporation (NASDAQ: MSFT) shares are trading higher after the company announced it has acquired jClarity. The jClarity ...
Whether there’s a recession soon may depend more on the president of the United States, and his trade policies, than anything else, writes Tim Mullaney.
InvestorsObserver issues critical PriceWatch Alerts for CRM, FB, GS, MSFT, and NVDA.
Microsoft Corp said on Monday it will use chipmaker Nvidia Corp's real-time ray tracing technology to provide the software company's Minecraft video game players more realistic graphics on personal computers.
Stock futures rose amid President Trump's China trade comments. The choppy stock market rally is hard to handle, with Microsoft and other breakouts struggling. Apple and Zscaler lack bases.
Warren Buffett’s newest 13F filings were recently released. The Oracle of Omaha’s largest single stock holding continues to be Apple (AAPL) at 23.74% of his portfolio. This is his second large technology company investment.
The cover story in this weekend's Barron's offers stock picks for an energy sector rebound. Other featured articles discuss ...