The historic lawsuit will be an underlying theme, both in the short- and long-term, when Google announces third-quarter results on Oct. 29 -- the same day as Facebook Inc., Amazon.com Inc., Apple Inc., and a raft of other tech companies.
As Facebook prepares to report its third-quarter results on Oct. 29, the company finds itself navigating the Beltway as much as Wall Street.
COMPANY CLOSE UPDATES Terrence Horan Shares of Apple Inc. AAPL slumped 0.96% to $115.75 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.
Luxury carmaker Porsche (OTC: POAHY) is deepening its partnership with Apple (NASDAQ: AAPL). After successfully integrating Apple Music into its all-electric Taycan sedan last year, the company has announced it will offer full integration of Apple Podcasts into the Taycan's touchscreen display. As touchscreen control pads become more commonplace in automobile cockpits, car companies are no longer forced to require customers to plug their smartphones into the car to access popular features.
Wireless carriers eager to attract new subscribers to their 5G cellular networks are heavily promoting iPhone 12 handsets, which should provide a lift to Apple's December-quarter sales.
Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in October 2020.
Google (Alphabet) reports Q3 earnings after market close on October 29. Can earnings and revenue growth rebound from Q2?
Top tickers for midday: AAPL, TSLA, SNAP, GE, T, NIO, FB, APA, BAC, DKNG, AMD, AMZN, AAL, MSFT, ZM, PTON, NFLX, INTC, F, PYPL.
Furthermore, the Federal Reserve is giving the cryptocurrency a nice tailwind, he said, with unprecedented quantitative easing that’s setting the stage for inflation. Gold (GOLD) , copper (COPPER) and the long end of the yield curve are the more traditional inflation options, but they won’t keep up with bitcoin, according to Jones, who has lofty expectations for returns along the lines of Google (GOOG) and Apple (AAPL) . The stock market was also on the rise, with the Dow Jones Industrial Average (DJIA) , Nasdaq Composite (COMP) and S&P 500 (SPX) all gaining ground.
The Justice Department’s lawsuit alleging that Google parent company Alphabet (GOOG, GOOGL) operates an illegal monopoly has revealed a potential threat to fellow tech giant Apple’s bottom line.
(Bloomberg) -- On a scorching hot day in late August, representatives of Taiwan’s government and industry crowded into the clinical cool of a state-of-the-art semiconductor facility for a symbolic moment in the global tech conflict.They were attending the opening ceremony for a training center built by Dutch company ASML Holding at a cost of about $16 million, small change for an industry used to spending $10 billion or more on a single advanced manufacturing plant.The real value of the site in the southern city of Tainan is strategic: It’s one of just two such facilities outside the Netherlands capable of training semiconductor engineers to fabricate cutting-edge chips on ASML machines. Fellow U.S. ally South Korea hosts the other — and Washington is working hard to ensure China never acquires the same technology. As the U.S.-China confrontation takes root, the ability to craft chips for everything from artificial intelligence and data centers to autonomous cars and smartphones has become an issue of national security, injecting government into business decisions over where to manufacture chips and to whom to sell them. Those tensions could kick into overdrive as Communist Party leaders set a five-year plan that includes developing China’s domestic technology industry, notably its chip capabilities.Semiconductors made from silicon wafers mounted with billions of microscopic transistors are the basic component of modern digital life and the building blocks of innovation for the future. They are arguably one of the world’s most important industries, with sales of $412 billion last year; scale that up to the electronics industry that depends on chips, and it’s worth some $5.2 trillion globally, according to German manufacturers.Politics is roiling that business model, sparking a drive for more autonomy from the U.S. to China, Europe and Japan. “We’re in a new world where governments are more concerned about the security of their digital infrastructure and the resiliency of their supply chains,” said Jimmy Goodrich, vice president of global policy with the Washington-based Semiconductor Industry Association. “The techno-nationalist trends gaining traction in multiple capitals around the world are a challenge to the semiconductor industry.”At once highly globalized and yet concentrated in the hands of a few countries, the industry has choke points that the U.S. under the presidency of Donald Trump has sought to exploit in order to thwart China’s plans to become a world leader in chip production.Washington says Beijing can only achieve that goal through state subvention at the expense of U.S. industry, while furthering Communist Party access to high-tech tools for surveillance and repression. China rejects the allegations, accusing the U.S. of hypocrisy and acting out of political motivation.For both sides, Taiwan, which is responsible for some 70% of chips manufactured to order, is the new front line.Beijing is increasingly hostile toward Taiwan, a democratically governed island it regards as its territory. Taiwan Semiconductor Manufacturing Co.’s status as the world’s largest contract chipmaker — a trend taking over the industry — the go-to supplier for Apple Inc. and the focus of next-generation chip-making, adds another dimension to China’s enmity, and to its standoff with the U.S.TSMC has become “turf that all geopolitical players want to secure,” founder Morris Chang said in November.Just a couple of kilometers from the new training center, cranes dot a massive construction site where TSMC is building “fabs” in which it will manufacture the most advanced chips in the world — chips that are no longer available to China’s Huawei Technologies due to U.S. export controls. Huawei used to be TSMC’s second-largest customer, accounting for 14% of sales; those shipments stopped in September.The White House has also imposed export restrictions on China’s largest chipmaker, Semiconductor Manufacturing International Corp., having already squashed Fujian Jinhua Integrated Circuit Co., once among Beijing’s biggest hopes to climb the chip ladder. The U.S. is also reaching out to key players at home and abroad to ask them to reconsider their relations with China. China’s intentions are so alarming to America because chips can be dual-use items with military applications, according to a former official familiar with the U.S. administration’s efforts. “They are the fundamental basis of our qualitative military advantage, from missiles to radars to submarines,” the official said.After decades when the industry was encouraged to go global, Trump is attempting to reel it back home. The CHIPS for America Act introduced to Congress in June aims to set up incentives to support semiconductor manufacturing and research in the U.S.One executive at a Chinese semiconductor company, asking not to be named due to commercial and political sensitivities, said three of its deals had been aborted because of concerns raised by the Committee on Foreign Investment in the U.S., or CFIUS, which reviews the national security implications of transactions. Germany has also been effectively cut off, making any deals very difficult, the person said.China “firmly opposes the unjustified suppression” of its companies by the U.S. “under the weakest pretext of national security,” and will continue to defend them, Foreign Ministry spokesman Wang Wenbin told reporters in late September.China — the world’s biggest semiconductor market, accounting for more than 50% of all chips sold — isn’t standing by as its high-tech ambitions are kneecapped. That outsized demand means many major deals need Beijing’s sign-off: Qualcomm gave up its pursuit of NXP Semiconductors in 2018 after failing to win approval from China.China’s five-year plan for the chip industry will lend it the same strategic importance Beijing gave to its atomic bomb program. What's more, a law passed Oct. 17 may allow China to hit back at the U.S., with speculation that it could prompt export controls on rare earths used in chip production.Still, the rolling restrictions imposed by Trump haven’t just hit China’s chip capabilities but are upending the entire industry. And there’s scant sign of a climbdown, whoever wins the U.S. election in November. Citing the need to promote “digital sovereignty,” the European Commission is exploring a 30 billion-euro ($35 billion) drive to raise Europe’s share of the world chip market to 20%, from less than 10% now. Japan is also looking to bolster its domestic capacity. At least one Japanese delegation traveled to Taiwan in May and June this year in the hope of convincing TSMC to invest in Japan, a person with knowledge of the visit said. But TSMC announced in May that it was building a $12 billion facility in Arizona, and the company declined to receive any foreign visitors seeking to woo it, said another person familiar with the company’s thinking. Both asked not to be named discussing corporate strategy.Meanwhile South Korea, home to Samsung, the No. 1 memory chipmaker, is striving for more self-reliance after Japan imposed export curbs last year on chemicals used in semiconductor manufacture during a flare-up in the countries’ tensions over Japan’s wartime past.While the U.S. remains dominant with giants like Intel Corp and Qualcomm and a virtual monopoly on the software essential to chip design, “there’s no region in the world that can proclaim strategic autonomy in semiconductors,” said Jan-Peter Kleinhans, director of the Technology and Geopolitics project at Berlin-based think tank Stiftung Neue Verantwortung. “Take out any of these players and the value chain falls down.”In January, days before Trump signed an initial trade deal with China, Secretary of State Michael Pompeo sat down for dinner with around 30 CEOs in Silicon Valley. He was the guest of Keith Krach, a 30-year veteran of the tech scene who was appointed undersecretary for economic growth in June 2019.Pompeo had a message for them: China’s Communist Party “is a threat to your companies because they don’t want to compete, they want to put you out of business,” Krach recalled him saying, he told a virtual conference of the German Marshall Fund of the United States on Sept. 29.Trump may have weaponized the semiconductor value chain, but it was the Obama administration that first acted on the threat posed by China, unveiling a semiconductor strategy in January 2017 as one of its last acts. Trump picked up the baton, but the nature of the supply chain means that others are in the U.S. line of sight.Israel — a high-tech R&D hub where Intel is the largest private employer — exported semiconductors worth about $2.1 billion last year, with about half going to China, data compiled by UN Comtrade shows.That closeness to China risks becoming a liability. Zvika Orron, a partner at Israel’s Viola Ventures who leads semiconductor investing, said there’s a hesitancy on the Israeli side to look to China because of worry that Chinese funding could imperil future U.S. deals. Carice Witte, founder of the SIGNAL nonprofit focused on Israel-China ties, said the U.S. is bound to “start asking more questions.”The U.K. is another pinch point thanks to Arm Ltd., whose instruction set — the basic code that allows chips to communicate with software — underlies everything from smartphones to the world’s fastest supercomputer. Arm currently sells to China, but the company’s takeover by Nvidia Corp puts that business in doubt. If the $40 billion deal wins regulatory approval, Arm would become part of an American company, a development that has provoked concerns it would be even more subject to U.S. export controls. Nvidia and Arm have said the change of control won’t alter its status in that regard. While the U.K. government has yet to show its hand, it allowed the sale of Arm to Softbank of Japan in 2016, so wouldn’t normally be expected to intervene now. But the newly strategic nature of the industry has prompted lawmakers to call for a review of the deal’s implications. Here too there are concerns at being caught between the U.S. and China.Losing a world-class technology company to the U.S. for the Department of Justice to “weaponize” is not a good place to be, according to a person with knowledge of British national security considerations. The risk, they said, is a U.K. strategic asset becomes “recognized as part of the U.S. arsenal” in its campaign against China.Over the Taiwan Strait on mainland China, the mood at the 2020 World Semiconductor Conference in Nanjing in late August was gloomy. Chinese executives worried what the Trump administration might do next to hobble Beijing’s progress.“The conflict remains very fluid, which makes it impossible to predict what next moves both sides are going to take,” said Huang Yan, application and sales director at Senodia Technology, a Shanghai-based chip design company that develops sensor chips for smartphones.China is on course to import $300 billion of semiconductors for the third straight year, underscoring its dependence on U.S. technology. That’s something President Xi Jinping is determined to end.Xi has pledged an estimated $1.4 trillion through 2025 for technologies from artificial intelligence to wireless networks. A focus of Beijing is to accelerate research into so-called third-generation semiconductors — circuits made of materials such as silicon carbide and gallium nitride, a fledgling technology where no country dominates.Yet without silicon capabilities it will be difficult for China to build a proper semiconductor industry, said a senior TSMC official. Another person from a company involved in third-generation chip production said designing them is an art, and even poaching a team of designers won’t necessarily guarantee success.The consensus is it won’t be easy for China to catch up, especially at the cutting-edge where TSMC and Samsung are producing chips whose circuits are measured in single-digit nanometers, or billionths of a meter. SMIC would have to double annual research spending in the next two-to-three years just to prevent its technology gap with those companies widening, says Bloomberg Intelligence analyst Charles Shum.The tussle raises the prospect of a broader decoupling of the global industry with two distinct supply chains. As with 5G, the question then becomes one of the extent of each system: Does China’s high-tech gravity pull in Southeast Asia and parts of Europe, or is it confined to its immediate neighborhood? How many allies will side with the U.S.?To be sure, the chip industry is still thriving, with the benchmark Philadelphia Semiconductor Index up about 30% this year. Geopolitics is now a feature of boardrooms, said the SIA’s Goodrich, but 5G and AI are likely to cause more market upheaval.The direction of travel still worries key players. Shares of Micron Technology Inc., the largest U.S. chipmaker, fell in September after it was forced to halt shipments to Huawei, its biggest customer.Complete decoupling would harm U.S. competitiveness and hurt China, raising the prospect of less money for R&D, slowing innovation, said Goodrich. “A world in which the U.S. and China are independent from one another is a negative outcome for everyone.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
When you look around at many of the small businesses that were affected by COVID – as well as those impacted with “front-facing” jobs in leisure/hospitality and travel, it is hard for many to understand why the stock market is doing so well.
The Dow Jones pared early losses in today's market and turned slightly higher in early afternoon trading. Both Chipotle and Tesla reported earnings.
Yahoo Finance's Dan Howley shares why Apple's success relies on large payments from Google.
Stocks were mixed midday, with the Dow Jones Industrial Average coming off a 170-point drop, amid continued uncertainty about a stimulus deal.
Apple (AAPL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Apple’s fiscal-fourth-quarter earnings won’t reflect any sales of the new iPhone 12 lineup. Investors are focused far more on how the launch is going than how things went in the summer quarter.
The Dow Jones Industrial fell more than 150 points amid stimulus talks Thursday, while Tesla stock surged 5% on earnings.
Microsoft Corp., in collaboration with the state of Texas, announced new programs and events to address the need for digital and technical skills in the workforce. The digital alliance is intended to create new economic opportunity, close equity and digital skills gaps, and prepare a workforce for the 21st century.
AT&T Inc. reported strong wireless subscriber growth and shed fewer DirecTV subscribers than expected, putting the stock on track to snap a 10-day losing streak Thursday.
Que Dallara - Honeywell Connected Enterprise President and CEO joins Yahoo Finance’s On The Move panel to discuss how the company is faring amid the pandemic and weigh in on their new partnership with Microsoft.
(Bloomberg Opinion) -- The logic behind AT&T Inc.’s acquisition of $170 billion of entertainment assets and their affiliated debt these last few years was difficult to comprehend from the start. The company had a perfectly good wireless business. How could entangling itself in an unfamiliar and highly competitive industry, and in a big way, be anything but a distraction? Perhaps AT&T is struggling with that rationale now, too.The company opened its third-quarter earnings release Thursday with a curious line referring to its “market focus areas of wireless and fiber broadband,” in which it saw an unexpectedly large increase in subscribers. Although wireless has traditionally been AT&T’s core business, its splashy WarnerMedia purchase and new HBO Max video-streaming app have been the focus both inside and outside the company even as that strategy has taken an inauspicious turn. Former CEO Randall Stephenson and his recent successor, John Stankey, had shared the vision that controlling a wireless network and streaming-TV content would fuel mutual growth and customer loyalty, a synergistic relationship meant to give it an advantage over pure-play rivals like Verizon Communications Inc. and Walt Disney Co. Yet AT&T’s share price reached a decade low heading into earnings, and its shareholder losses this year far outpace those of Disney and Verizon.The plan isn’t working too well. As streaming gets its time to shine, HBO is losing its luster, just as investors feared it would under AT&T. Meanwhile, Comcast Corp. is facing similar questions; an activist shareholder may be angling for a divestiture of the company’s bruised entertainment operations so that its focus can return to the more stable cable side. Quibi, a streaming upstart, is also throwing in the towel after making mistakes not all that different from the ones AT&T is making — prioritizing technology over programming, charging a relatively steep price and not doing enough promotion. Netflix Inc. makes it all look so easy.AT&T reported Thursday that HBO and HBO Max together had 38 million U.S. subscribers as of September and 57 million globally. That may not sound terribly far behind Disney+, which had more than 57 million as of June. But HBO Max also had a jump start of about 30 million subscribers from the legacy HBO network. The latest figure suggests that it added merely 3.4 million in the U.S. this year — the year of a pandemic that’s made the television set the center of households once again and left consumers starving for anything to watch. For perspective, Netflix gained 28 million new subscribers this year — basically an entire HBO. AT&T’s wireless operations continue to be the most attractive piece of the conglomerate, making Stephenson and Stankey’s dealmaking seem unnecessary at best and harmful at worst. But it’s still a bit early to judge. As Hollywood slowly resumes Covid-safe productions, and as Netflix nears a price hike that potentially puts it neck and neck with HBO Max’s $15-a-month fee, AT&T’s streaming business has a chance at redemption. Stankey said Thursday that about 130 productions are back in motion. It’s also gutting costs with thousands of job cuts planned within WarnerMedia. Disney is restructuring its own TV and film businesses so that they all become workhorses for Disney+ as consumers continue to ditch cable and avoid movie theaters. While investors remain skeptical of AT&T’s and Comcast’s streaming moves, Disney’s stock has been rewarded for its efforts despite the company’s biggest profit centers being walloped by the pandemic more than most. AT&T’s best business continues to be wireless, and all it took for AT&T’s stock to get a nice pop were some signs of improvement in that division and bit of downplaying of the entertainment side. Its shares jumped 5% after adding more wireless customers than expected and showing lower churn. The improvement includes its premium unlimited data plan, which is bundled with HBO Max, though executives didn’t stress that as the reason. T-Mobile US Inc. has a spectrum advantage heading into 5G, and Verizon was Apple Inc.’s launch partner for its new 5G-enabled iPhone, so AT&T has work to do in proving HBO Max will give it the edge it needs. If it can’t do that, there are detour signs for the breakup path that Comcast is being steered toward. Clearly, AT&T’s DirecTV division needs to go — it never made sense for AT&T to own it. But just because HBO had the prestige and fanfare going in doesn’t mean it’s a good fit for AT&T, either.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Honeywell (NYSE: HON) and Microsoft (NASDAQ: MSFT) announced today that Honeywell will bring to market its domain-specific applications built on the Microsoft cloud platform to drive new levels of productivity for industrial clients.
Microsoft's (MSFT) fiscal first-quarter results are likely to reflect momentum in Azure, impressive Teams user growth led by coronavirus-led work-from-home push and solid uptake of gaming solutions.
Paul Tudor Jones offers his bullish take on bitcoin BTCUSD in an interview on CNBC on Thursday.
AfterTesla Inc(NASDAQ: TSLA) and several other major companies delivered on earnings, investors appeared less hopeful about ...
New innovations in artificial intelligence and machine learning have left an existential question to the workers: When does coding software replace the need for coders themselves?
Microsoft (NASDAQ: MSFT) and Alaska Air Group (NYSE: ALK) announced a partnership on Thursday in which Microsoft will buy jet fuel made from waste oils to power Alaska flights. Microsoft earlier this year pledged to become "carbon negative" by 2030, and by 2050 hopes to remove all the carbon it has emitted since its founding in 1975. The company will need help to meet that lofty goal, and with commercial airlines responsible for upward of 3% of global carbon emissions, working with an airline is a good way to make a difference.
The Dow Jones Industrial rallied more than 75 points amid stimulus talks Thursday, while Tesla stock surged 5% on earnings.
Microsoft (NASDAQ: MSFT) shares experienced unusual options activity on Thursday. The stock price moved up to $215.57 following the option alert. * Sentiment: BEARISH * Option Type: SWEEP * Trade Type: CALL * Expiration Date: 2020-10-30 * Strike Price: $222.50 * Volume: 499 * Open Interest: 4349Three Ways Options Activity Is 'Unusual'Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset.Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin.Understanding Sentiment Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price.Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity.Using These Strategies To Trade Options Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alertsSee more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Benzinga's Top Upgrades, Downgrades For October 14, 2020 * ROCE Insights For Microsoft(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
International Business Machines (NYSE: IBM) reported its third consecutive quarter of declining revenue when it announced earnings on Monday. This took investor optimism out of the clouds, and IBM stock sold off by about 6%. With a little patience, the post-earnings sell-off in this tech stock could offer investors the chance to buy this cloud growth at an even deeper discount.
(Bloomberg) -- Huawei Technologies Co. introduced the Mate 40 smartphone series on Thursday, potentially its last major release powered by its self-designed Kirin chips.China’s biggest tech company by sales has been stockpiling chips to get its signature device out in time to compete with Apple Inc.’s iPhone 12 over the holidays. Huawei will have to overhaul its smartphone lineup after Trump administration sanctions that took effect in September curtailed its ability to design and manufacture advanced in-house chips by cutting it off from the likes of Taiwan Semiconductor Manufacturing Co.The company’s consumer devices group, led by Richard Yu, was already prevented from shipping handsets with the full Google-augmented Android experience. But that didn’t stop it from surpassing Samsung Electronics Co. to become the world’s best-selling smartphone maker in the summer, largely on the strength of growing domestic sales. Without a contractor to produce its own chips or the ability to buy processors from a supplier like Qualcomm Inc., prognostications for the division’s future are less rosy.“We are suffering from the U.S. government’s third-round ban. This unfair ban,” said Yu during a live-streamed presentation, saying the trade sanctions make things extremely difficult. Though he did open the event by saying that, “at Huawei, we continue to dare to dream for a bright future together.”The 6.5-inch Mate 40 and 6.76-inch Mate 40 Pro feature the 5nm Kirin 9000 processor, second to Apple’s A14 chip to offer that advanced manufacturing node in consumer devices. The system-on-chip contains 15.3 billion transistors, including eight CPU cores maxing out at a speed of 3.13GHz and 24 GPU cores that Huawei claims give it 52% faster graphics than Qualcomm’s best offering.Both devices have sloping glass sides and in-display fingerprint sensors. The new rear “Space Ring” design accommodating Huawei’s multi-camera system is reminiscent of the control wheel of iPods of yesteryear. It plays host to a 50-megapixel main camera accompanied by zoom and ultrawide lenses.Though prevented from doing business with technological partners and suppliers, Huawei still touts Leica co-branding on its imaging hardware and is once again offering a Porsche Design edition of its new flagship smartphone. The company also announced a new pair of over-ear headphones and new home speakers in collaboration with French audio brand Devialet SA.Huawei is the leader in China, where the mobile software ecosystem is fleshed out with vendor-specific apps and stores alongside a reliance on Tencent Holdings Ltd.’s WeChat super-app as a mini operating system. The Mate 40 gives Huawei a response to Apple’s new 5G-enabled iPhones and extends the period of time before it has to completely rethink its consumer devices strategy.The Mate 40 will be on sale for 899 euros ($1,064), Mate 40 Pro will cost 1,199 euros and a Mate 40 Pro Plus with further upgrades will cost 1,399 euros, though Huawei didn’t specify a release date.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Mid-cap stocks -- defined as those with a market cap between $2 billion and $10 billion -- are companies that have already had some early success growing their business. Many of them are far from finished, though, with the mid-cap distinction a simple milestone on the way to large-cap stock status; many are leading their respective industries in market share dominance. Three such stocks worth a look right now are Arista Networks (NYSE: ANET), Anaplan (NYSE: PLAN), and Redfin (NASDAQ: RDFN).
Snap's (SNAP) powerful breakout set off strong rallies for Facebook (FB), Twitter (TWTR), and Pinterest (PINS).
It took all of six months for Quibi to fail in colossal fashion. Quibi (short for "QUIck BItes" but it may as well be short for "QUIck oBItuary") announced that it was shutting down the premium streaming video app on Wednesday night.
In this episode of Influencers, Andy speaks with New York Times columnist and 'Tightrope" author, Nicholas Kristof about the presidential election, inequality in America, and why he says Facebook brings out the worst in us.
Under President Donald Trump, the United States has begun to epitomize crony capitalism, whereby political leaders extend benefits and protection to businesses in exchange for political acquiescence and economic favors.
Contactless payment facilities of companies like Apple, Inc. (AAPL), Alphabet (GOOGL) and Visa (V) have gained traction since the coronavirus outbreak.
Apple's (NASDAQ: AAPL) latest generation of iPhone has been announced and will go on sale in early November, and the new devices could not have come out at a better time as the world transitions to fifth-generation (5G) wireless networks. The company reportedly has millions of iPhone users that are currently in an upgrade window, and the aggressive pricing of the iPhone 12 line-up could trigger a "supercycle." As such, Apple looks all set to reap the benefits of the shift to 5G smartphones, as hundreds of millions of such devices are expected to be sold over the next few years.
Behavox, the world’s only AI-based data operating platform used by firms to catch misconduct before it causes massive regulatory fines and company crises, announced today it has expanded its global operations into the Nordic market, appointing Christopher Sander as Nordics’ Regional Director.
Behavox, the world’s only AI-based data operating platform used by firms to catch misconduct before it causes massive regulatory fines and company crises, announced today that it has expanded its presence in Japan through the opening of its office in Tokyo, naming industry veteran Taro Togo as Managing Director.
The new "Express" stores come as COVID-19 rates are rising around the United States and Europe. Customers make an appointment to pick up orders placed online or interact with Apple's technicians for customer service. For Apple, which has 271 retail stores in the United States, the new format could help it navigate a holiday sales challenge.
Microsoft Corp. employees who fly between their global headquarters in Redmond, Washington, and California on Alaska Airlines will fly more sustainably thanks to the use of sustainable aviation fuel (SAF) to cover their business travel. The SAF, supplied by SkyNRG, is an important option for the aviation industry to reduce CO2 emissions on a life-cycle basis. This first U.S. partnership of its kind is a model for other companies and organizations committed to reducing the environmental impact of business air travel.
One route for investors to gain exposure to the fast-growing 5G cell cycle is through ETFs like Defiance Next Gen Connectivity ETF.
Looking at the antitrust case against Google, the claims again are focused on specific contractual details.
Airbnb CEO Brian Chesky said Wednesday that former Apple Inc (NASDAQ: AAPL) Chief Design Officer Jony Ive will collaborate with the team ...
Last week, Invesco expanded the QQQ family by launching four new products--two ETFs, one MF, and one UIT.
Airbnb is teaming up with legendary former Apple Inc. design chief Jony Ive to develop new products and services.
In this episode of MarketFoolery, Chris Hill chats with Motley Fool analyst Bill Barker about the latest headlines and earning reports from Wall Street.They talk about the latest news involving Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google and other hot topics. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
Slack (NYSE: WORK) is losing ground to other tech companies, according to a prominent analyst. In a research note published on Wednesday, Morgan Stanley prognosticator Keith Weiss said that the work-from-home trend engendered by the coronavirus outbreak has provided lasting benefits to operators of remote-working tools like Microsoft (NASDAQ: MSFT), Zoom Technologies (NASDAQ: ZM), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) at the expense of Slack. Microsoft is the most-direct competitor to Slack, thanks to its Teams software, which boasts many of the functionalities of the latter's platform.
The antitrust lawsuit filed against Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) Tuesday by the Department of Justice alleges that ...
Futures: As the market rally awaits a stimulus deal, Tesla rose on results, one of several leaders near buy points moving on earnings.
The tech giant could face fallout from the pending Justice Department antitrust case against Alphabet and its dominance of the internet search market.
This year handed the market and Main Street an unsettling flurry of ups and downs. But if you sift through it all--high hopes along with headaches--there's been an important lesson: "Digital tech intensity," a line from Microsoft Corporation (NASDAQ: MSFT) CEO Satya Nadella, may be the key to resilience.Nadella, whose company reports fiscal Q1 results Oct. 27, was talking about business resilience. But taking his lesson further, it can arguably apply to healthcare, education, and household living as well. If you want to emerge from the pandemic a bit faster, perhaps stronger, and even saner, then you may need to build up your digital capacity. After all, the virtual world is where much of the real one is operating at the moment.MSFT's answer to 2020 comes in the form of a virtuality-powered stack that aims to cover just about everything from earth to sky; that is, from living room tech to commercial cloud, or from your kid's digital gaming consoles to "the world's computer," as Nadella describes MSFT's Azure cloud network.Since Nadella took the reins as CEO in 2014 and rolled out the slogan, "mobile-first, cloud-first," the company's shares have risen an amazing 435%, nearly doubling the Nasdaq 100 (NDX) and leaving the S&P 500 Index (SPX) and the Dow Jones Industrial Average ($DJI) far behind. Nadella's legacy of disruption helped turn a "mature" company back into an emerging one, but with a ton more capital resources and legacy dominance than most emergent rivals.That's the big picture, but what can investors expect from MSFT as it heads into the last quarter of the calendar year and reports from the first quarter of its fiscal year?A Cloud Hangs Over Main Street Nadella kicked off last quarter's conference call with an energetic focus on MSFT's Azure cloud suite and Teams (business communications platform).Let's start with Azure, quite possibly the most aggressive unit in MSFT's Intelligent Cloud segment. Azure is MSFT's premier cloud-based data center service. It helps organizations run and manage heavy computing workloads. In FYQ4, MSFT added a load of new capabilities to help users build their cloud capacity while integrating more deeply with MSFT's legacy software.Azure's revenue growth ticked down last quarter, coming in at 47% from the previous quarter's 59%. Why the downtick? Are we beginning to see "the law of large numbers," where greater adoption leads to smaller percentage growth? It's hard to tell, as MSFT doesn't disclose Azure revenue in dollars.Overall, though, the company's commercial cloud revenue surpassed $50 billion for MSFT's old fiscal year (which ended June 30), and it's likely that Azure played a major part. Not all Main Street neighborhoods are under the cloud. And as Covid-19 convinces companies that cloud tech is not so much a business priority as a survival necessity, there's arguably plenty of room for growth. Investors are likely to pay close attention to FYQ1 Azure results.Research firm CFRA predicts Azure Cloud growth of 45% or more annually through 2022 "as more legacy apps move to the cloud." So maybe it's not so much the quarter-by-quarter numbers that matter most, but where it all equals out over the longer term. Growth is likely going to be compared with Amazon.com, Inc.'s (NASDAQ: AMZN) cloud product, Amazon Web Services. That MSFT rival is expected to report next week.Research firm Grand View Research sees the global cloud computing market expanding at a compound annual growth rate of 14.9% between 2020 and 2027. MSFT is one of the firms competing for a chunk of that.Working As Teams Moving on to MSFT's Productivity and Business Processes segment, the company's Teams platform has some daunting competition in Zoom Video Communications Inc (NASDAQ: ZM) and to a lesser extent Slack Technologies Inc (NYSE: WORK). As a large part of the segment, Teams investment likely played a sizable hand in driving operating costs up in the previous quarter. Productivity revenues rose just 6% to $11.75 billion in FYQ4, versus analysts' expectations of $11.91 billion, according to FactSet. Not a bad miss, but still a miss.Is the investment paying off? That's one thing to look for when MSFT opens its FY Q1 books. According to Nadella, it is. He noted during the FY Q4 call an increased uptick in adoption and said its users are generating up to five billion meeting minutes in a single day. Teams adoption appears to be gaining momentum, not just in commercial industries but in other sectors as well, like education and healthcare. Watch for any updates on user minutes this time out.The X(box) Marks The Spot There are 2.4 billion gamers, according to a June 2020 Statista report. That's one-third of the world's entire population. As people increasingly adapt to a "work from home" economy, you could argue that home gaming momentum might not only sustain itself but ramp up considerably in the coming months.At the height of the lockdown, MSFT's gaming units saw a breakthrough in both activity and monetization, as gamers across the world used them to connect, socialize, and play in a fun and non-infectious virtual environment. In FYQ4, MSFT's Xbox Game Pass saw record subscriber growth, xCloud maintained its 100 million gamers across 15 countries, and Minecraft engagement grew to a record-high 132 million users. That's the current, meaning "old," product line.Come November, MSFT is expected to release its Xbox Series X and Series S consoles. Series X, the more powerful of the two, will cost around $419, while the S will start at $300. It's going to be, according to Nadella, "the largest launch lineup for any [gaming] console ever," and a direct competitor to Sony Corp's (NYSE: SNE) PlayStation5, also slated for release in November.Consider listening closely during MSFT's earnings call for any updates on these releases and any estimates of the revenue they might bring in. Any fresh insights executives have on global gaming demand as winter approaches with the pandemic still raging could also be interesting.What Analysts And MSFT Forecast A couple of weeks into the Q3 2020 earnings season, companies are proving more resilient than expected, according to research firm FactSet, which revised its earnings growth forecast for the S&P 500 to a decline of -18.4% from its previous -20.5%. Despite the slight upbeat revision, it still marks the second largest year-over-year earnings decline reported since 2009 (Q2).CFRA analysts see Tech sector EPS declining by 2.4% in Q4, but rising 2% for the full year, making its growth outlook the most resilient among all 11 sectors. Cloud-based services may have held up strongest during the lockdown, but CFRA sees growth in this area cooling a bit. As the firm noted in its most recent Q3 Sector Watch, "We are all ears on commentary around how Covid-19 has affected cloud adoption." Same can be said for video game publishers, whose coming releases may or may not be "game-changers."Looking ahead to the MSFT numbers, MSFT CFO Amy Hood, speaking in the most recent earnings call, projected FYQ1 Intelligent Cloud revenues at between $12.55 billion and $12.8 billion (versus $11.4 billion a year ago), Productivity and Business processes revenue of between $11.65 billion and $11.9 billion (contrast with FYQ4 2019's $11 billion), and More Personal Computing segment delivering between $10.95 billion and $11.35 billion. Last year, this segment generated $11.3 billion in Windows, offsetting the downtick (last year) in Gaming and Search revenue.CFRA forecasts three-year revenue growth for MSFT of around 14%, driven by Azure, legacy Office software, LinkedIn ad revenue (which slowed last time out according to Nadella but which CFRA analysts see growing 15% by 2023), and Xbox, whose "stay at home" demand and new console/game releases may be in for more revenue growth.MSFT Earnings And Options Activity MSFT is expected to report an adjusted EPS of $1.54, up from $1.38 in the prior-year quarter, according to third-party consensus analyst estimates. Revenue is projected at $35.72 billion, up 8.1% from a year ago.Looking at the Oct. 30 options expiration on the thinkorswim® platform, the highest concentrations in calls are at the 225 and 235 strikes. Put activity is light, but there's a bit at the 210 strike. The implied volatility sits at the 30th percentile as of Wednesday morning.Note: Call options represent the right, but not the obligation, to buy the underlying security at a predetermined price over a set period of time. Put options represent the right, but not the obligation, to sell the underlying security at a predetermined price over a set period of time.TD Ameritrade and all third parties mentioned are separate and unaffiliated companies, and are not responsible for each other's policies or services. Photo by Mika Baumeister on UnsplashSee more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Earnings In Focus: Netflix Misses, Snapchat Surprises, And Tesla Getting Charged Up For Afternoon Release * Investors Wondering Whether Tesla Can Deliver Half A Million Vehicles This Year, Earnings Ahead(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Morgan Stanley downgraded Slack due to its fading position in an intensifying landscape, according data from a proprietary survey, noting that Slack is challenged in proving its differentiation from rivals such as Microsoft Teams and Zoom. The Final Round panel breaks down the details
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