Travel-related, energy and semiconductor shares are hit the hardest.
The Dow Jones Industrial Average is trading well off Monday's session low amid concern over how coronavirus will affect the Chinese economy. Apple is down.
Wall Street's main indexes fell more than 1% on Monday as investors worried about the economic fallout of a virus outbreak in China that has prompted the country to extend the Lunar New Year holidays and businesses to close some operations. The benchmark S&P 500 was jolted off record highs last week as China locked down several cities and curbed travel, reminding investors of the deadly SARS virus that killed nearly 800 people in 2002-03 and cost the global economy billions. Travel-related stocks, including airlines, casinos and hotels, were the worst-hit on Wall Street, while shares of sectors exposed to China's growth, including technology, materials and energy, pressured the markets.
Microsoft's vital signs are improving ahead of Wednesday's fiscal Q2 earnings report. Here is how Microsoft stock's technicals and fundamentals look.
Here is a summary of how multiple experts reacted to the rough start to the trading week.
With probes of Alphabet Inc's Google and other major platforms underway, the U.S. Justice Department's Antitrust Division is hiring both to bulk up for the big tech probes and to replace people who left, according to two Justice Department officials with knowledge of the matter. The posting includes a link to the agency's press release announcing the probes. Big tech companies like Facebook Inc, Google, Amazon.com Inc and Apple Inc face a slew of antitrust probes by the federal government, state attorneys general and Congress.
Apple stock has more than doubled since the beginning of 2019, rallying about 10% already in 2020. The stock has appreciated 32% since the last earnings report.
What’s bigger? Windows or the clouds outside? That’s a question asMicrosoft Corporation(NASDAQ: MSFT) ...
(Bloomberg Opinion) -- How long should a manufacturer be responsible for maintaining support for legacy products? Consumer devices have increasingly become smart and connected, only to later be abandoned by the manufacturer. Smart suitcases have turned dumb, talking toys gone mute, and wireless security cameras bricked into paperweights. Most recently, Sonos got a lot of grief for announcing that older versions of their smart home speakers would soon lose access to services and functionality. Customers complained that they had spent thousands on their audio systems, with some products still on the market as recently as 2015.A hardware device is a one-time purchase, while software updates require continuous labor. As technology improves and devices last longer, the initial manufacturing cost may end up being a small proportion of the total lifetime cost of production. Many manufacturers have shifted to business models that treat the device sale as a loss leader for future revenue streams. Amazon can afford to underprice the Echo because it enables consumers to buy more stuff from Amazon, Google and Spotify teamed up to give away Google Home Minis, and even Apple recently lowered prices on its iPhones to grow a user base for its subscription services.At the more controversial end of the spectrum, companies like John Deere have used the Digital Millenium Copyright Act to legally prevent users from repairing their own equipment, forcing their customers to continue paying into a lucrative repair market.Sonos boxed itself into a corner early on by promising customers free software updates for life. As CEO Patrick Spence testified at a Congressional hearing earlier this month, “Our business model is simple — we sell products which people pay for once, and we make them better over time with software updates.”The company is in a particularly difficult position because Sonos began as a home audio company before the advent of smart home assistants. Its earliest speakers weren’t designed with the processing power and storage required to take advantage of today’s features. To minimize complexity, Sonos designed its audio system so that all devices in a home network would share the same software. Once one product is no longer eligible for updates, the whole setup would stop receiving updates. Sonos customers lodged public complaints and bullied the company into submission. Sonos promised to keep the updates coming.A better long-term solution for the company might be found by looking to a different coalition of rebellious customers: a group that has been quietly reverse-engineering their speakers to liberate them from the company’s software entirely. It’s not an easy task. A Sonos speaker integrates a speaker and a microprocessor running a proprietary operating system. In order to jailbreak the speaker, a user must gain access to the internal hardware and install their own software.It would no doubt please these customers were Sonos to make their legacy speakers open source. Sonos has already indicated that the company can remotely erase the software; it could similarly perform a remote reinstallation of an open-source operating system like Linux or Android. The company’s tech-savvy fans could then continue to improve the software — which could be downloaded by other users — while Sonos focuses on its core competency of manufacturing high-end speakers.In the future, device manufacturers may be less generous about promising a lifetime of free software support. After all, most technological improvements these days are done in software. When it comes to cars, the internal combustion engine hasn’t changed much since fuel injectors were introduced in the 1980s. The performance improvements seen in recent decades have come from better sensors and smarter software to interpret sensor data.Autonomous vehicles will have an even tougher sell, as it’s inevitable that self-driving technology will continue to improve after initial release. Will further updates be free, or will the vehicle manufacturer hold consumer safety for ransom?While it’s easy to insist that customers should have free access to software updates running on devices they rightfully own, it’s hard to reconcile a sustainable business model with a lifetime of free software. A device that requires a paid subscription or leaves software updates as an exercise for the customer is better than one that turns into a brick.To contact the author of this story: Elaine Ou at email@example.comTo contact the editor responsible for this story: Sarah Green Carmichael at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Elaine Ou is a Bloomberg Opinion columnist. She is a blockchain engineer at Global Financial Access in San Francisco. Previously she was a lecturer in the electrical and information engineering department at the University of Sydney.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.
Wall Street's main indexes fell more than 1% on Monday as investors worried about the economic fallout of a virus outbreak in China that has prompted the country to extend the Lunar New Year holidays and businesses to close some operations. The benchmark S&P 500 was jolted off record highs last week as China locked down several cities and curbed travel, reminding investors of the deadly SARS virus that killed nearly 800 people in 2002-03 and cost the global economy billions. Travel-related stocks, including airlines, casinos and hotels, were the worst-hit on Wall Street, while shares of tech heavyweights that enjoyed a strong rally recently dragged markets lower.
Analysts raising estimates right before earnings - with the most up-to-date information possible - is a pretty good indicator for the stock.
The S&P 500 could see a pullback of as much as 5%—and it won’t be because of the coronavirus or rising tensions with Iran, a market strategist warns.
CNBC host Jim Cramer talked about Monday’s sharp selloff in the stock market, which is shaping up to be the worst we’ve seen in several months amid mounting fears of the spread of the coronavirus.
With Apple shares up 96% over the last 12 months, investors are expecting big things from Apple’s latest earnings report. Why that creates risk for the stock.
Apple Inc.(NASDAQ: AAPL), among the most actively traded and widely held stock among TDAmeritrade investors, is gearing up ...
J.P. Morgan has told its clients to do something that is both unusual and rare: Hedge Apple stock ahead of its Tuesday earnings report.
DEEP DIVE The five biggest U.S. tech companies will report their quarterly results over the next week. The group, led by Apple (AAPL) has propelled the stock market over the past year. Let’s see how some of their numbers compare heading into Tuesday, when Apple kicks off the round of earnings reports.
Top Ranked Momentum Stocks to Buy for January 27th
Apple, Microsoft, Facebook, Amazon and Intel are part of Zacks Earnings Preview
The FAANG stocks have been outperforming the market over the past three months buoyed by the initial U.S.-China trade deal. Hopes of better-than-expected earnings releases are also adding to the strength.
U.S. stocks fell more than 1% on Monday as investors worried about the economic fallout of the fast-spreading coronavirus outbreak in China that has prompted the country to extend the Lunar New Year holidays and businesses to close some operations. The benchmark S&P 500 was jolted off record highs last week as China locked down several cities and curbed travel, reminding investors of the deadly SARS virus that killed nearly 800 people in 2002-03 and cost the global economy billions. Travel-related stocks, including airlines, casinos and hotels, were the worst-hit on Wall Street, while shares of tech heavyweights that enjoyed a strong rally recently dragged markets lower.
Investors have been excessively bullish and overconfident, so when bad news surprises them, they lose their nerve.
Gold, oil and leading tech stocks give investors important signals.
U.S. stocks slumped as investors evaluate the latest news about China’s coronavirus outbreak. Haven investments such as gold are getting a boost.
The major stock indexes were sharply lower early Monday amid a spreading coronavirus. Apple headlines these five giants reporting earnings this week.
It’s also surprising that just when a lot of people thought China would leave the front pages with the trade deal, another China issue starts ganging up on stocks and sending investors back into caution mode. By the way, most Asian markets, including in China, are closed today for the Lunar New Year.
Apple's (AAPL) fiscal first-quarter 2020 results are expected to reflect robust performance of the non-iPhone segments.
BENGALURU/MUMBAI, Jan 27 (Reuters) - Indian Prime Minister Narendra Modi got a thunderous reception when he addressed a crowd of more than 50,000 Indian-Americans in a stadium in the U.S. city of Houston last September. The law, which was promised by Modi before he was re-elected and was approved in December, in effect granted Indian citizenship to non-Muslim religious groups fleeing persecution from three neighbouring Muslim-majority countries.
* Futures down: Dow 1.53%, S&P 1.54%, Nasdaq 1.83% (Adds comment, updates prices)
One of the highest-growth secular tech trends of the 2020s will be cloud computing. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Software-as-a-service (SaaS) is ...
Stock futures plunged as coronavirus fears hit the stock market rally. Apple earnings are on tap this week. So are AMD, Facebook, Microsoft and Tesla earnings
Tom Plumb of Wisconsin Capital Management says growth-stock valuations aren’t overly high and expects investors to keep paying up for the most successful companies.
When the software behemoth reports its results Wednesday, Wall Street is ready for another strong quarter.
U.S. stock index futures fell sharply on growing concerns about the financial fallout of a fast-spreading coronavirus outbreak in China as the country extended the Lunar New Year holidays and more big businesses shut down. Several cities in China had been locked down for contagion fears and new cases were reported from across the world. Wynn Resorts Ltd, Melco Resorts & Entertainment Ltd and Las Vegas Sands Corp, which have large operations in China, were down between 5% and 7%.
U.S. stock index futures fell sharply on growing concerns about the financial fallout of a fast-spreading coronavirus outbreak in China as the country extended the Lunar New Year holidays and more big businesses shut down.
In what will be a brisk week of earnings reports from the always widely watched technology sector, the largest sector weight in the S&P 500, Microsoft (NASDAQ: MSFT ) is one of the names stepping into ...
Smart Beta ETF report for CRBN
Achieving this milestone seems noteworthy, but how these companies lead the competition is what's truly impressive.
The U.K. is set to exit the European Union, until a trade deal is reached that doesn't mean much. Also, look out for big tech earnings and FOMC.
Overbought conditions lend well to excuse-driven market sell-offs. Should we be fearful of the sell-off or view it as a grand opportunity?
Britain is the United States' closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain's exit from the European Union.
More than 350employees at Amazon.com Inc. (NASDAQ: AMZN)issued public statements about the company violating its ...
You don’t have to stop spending entirely, just need to pick your purchases more carefully.
Wall Street is braced for losses at the start of the weekend amid deepening worries over China’s coronavirus,with the death toll and the number of infected soaring. That’s as markets kick off a huge week for earnings.
(Bloomberg Opinion) -- Investors continue to pour funds into passive investment products that aim to replicate the performance of benchmark indexes. They’re also increasingly keen that their money gets used to influence corporations to stop damaging the planet and improve social inclusiveness. Unfortunately, many of the products designed to achieve both objectives currently fall short on the goal of responsible investing.The shift in emphasizing environmental, social and governance issues puts pressure on the index providers to come up with benchmarks that more accurately reflect the concerns investors are attempting to express by allocating capital to ESG investment products. Currently, though, even dedicated ESG indexes have shortcomings that many investors are probably unaware of.The U.S. Vegan Climate exchange-traded fund, for example, tracks a $124 billion index created by Beyond Investing that excludes companies engaged in a laundry list of potentially harmful activities, including animal exploitation, human rights abuses and fossil fuels extraction. While the $14 million ETF’s top five holdings — Apple Inc., Microsoft Corp., Facebook Inc., Visa Inc. and Mastercard Inc. — may all meet those criteria, they’re hardly the first names that spring to mind when thinking about the words vegan or climate. And there are many other examples.BlackRock Inc.’s announcement this month that it plans to prioritize sustainability in its investment decisions highlights the issue confronting index trackers. With two-thirds of its $7.4 trillion of assets managed passively, the world’s biggest asset manager acknowledged that the bulk of its cash isn’t available to pursue those goals. Harnessing that firepower will become increasingly important if the passive industry is to meet the ESG aspirations of its growing customer base.It’s even likely to radically change the industry, and sooner than people realize. To that point, Hiro Mizuno, the chief investment officer of Japan’s $1.6 trillion Global Pension Investment Fund, says the days are over when it’s enough for passive fund managers to compete simply on providing the lowest tracking errors at the lowest cost. Now they have to add value too. “The main battlefield among our passive managers is going to be in the stewardship area.” he told the Financial Times last month. BlackRock is far from alone in shifting to a more moral investing stance. A survey of 300 institutional investors, financial advisers and fund managers that use ETFs published on Monday by Brown Brothers Harriman & Co. showed that almost three-quarters of respondents expect to increase the amount allocated to ESG investments in the coming year.European participants in the BBH survey ranked ESG-themed products as the ETF category they would most like to see more supply of, while Chinese investors ranked the sector as their second most desired area of expansion, along with more funds designed to track core indexes.Money is flooding into the sector. ESG-designated assets were the fastest-growing category of ETFs listed on Deutsche Boerse AG’s Xetra market last year, with investments more than tripling to more than 23 billion euros ($25 billion). Globally, ESG ETFs have enjoyed net inflows for 52 consecutive weeks, taking in $30 billion in the past year and garnering almost $3.4 billion in the week ended Jan. 20, according to data compiled by Bloomberg LP, which competes in selling index data to investors.There are two main routes whereby ETF providers can meet the implicit demands of clients allocating money to passively managed ESG products. The first is to use their collective muscle to prompt index providers to increase the granularity of the benchmarks used to shape asset allocations. Improving the discrimination of ESG indexes would go a long way to ensuring investors aren’t being hoodwinked into products that aren’t as green or socially savvy as they first appear.The second is trickier. Excluding companies deemed to be damaging the environment or being socially irresponsibly isn’t enough to move the needle. Engaging with the boards of those firms and using the clout of a shareholding to force them to change their ways is much more effective.But that costs money, and the success of the ETF model has been founded in large part on its ability to charge ultra-low fees. If BlackRock and its peers are serious about taking their social responsibilities more seriously, investors will have to pay for the privilege — and the sellers of index trackers will need to be honest about the increased cost of that kind of activism. Let’s hope the buyers of the products decide it’s a price worth paying to do good.To contact the author of this story: Mark Gilbert at email@example.comTo contact the editor responsible for this story: Melissa Pozsgay at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Mark Gilbert is a Bloomberg Opinion columnist covering asset management. He previously was the London bureau chief for Bloomberg News. He is also the author of "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable."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.
The United States Department of Justice attorneys are meeting state attorney generals next week to share information in their probe ...
Longtime stock-market bull and National Securities strategist Art Hogan shared his bearish stance in a CNBC interview ahead of what looks to be a busy week of trading. He says the S&P 500 could see a pullback of as much as 5%.
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Earnings seasons is chugging along and this week brings mammoth tests for the high-flying communication services and technology sectors. Consider this week of “not fooling around” earnings reports because ...
The cumulative 2019 earnings power of these 30 stocks increased by 1.53% in the past 60 days. 2020 estimates rose by .043%.
Apple is one of several big stocks set to make moves over the next few trading days.
Virtual reality could change the world, and these large companies will likely lead the field.
The Dow Jones Industrial Average increased more than 22% in 2019 and is already up 2.2% through three weeks of 2020, but it is about to face its biggest test of the young year, and potentially many years.
It will be an incredibly busy week with tons of economic data and earnings. It will be, to some extent, a defining week for the market, with many of the biggest companies reporting results.
This weekend's Barron's cover story offers ways for investors to play the surge in legal sports gambling. Other featured ...
I don't wish to be alarmist about the coronavirus outbreak, just realistic and circumspect about it as to the extent to which it impacts markets. Here's what you need to know about the virus and other market movers...
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bearish calls included aerospace and electric vehicle leaders. It was a good week for renowned CEOS Elon Musk and Jamie Dimon, but not so much for Jeff Bezos.
Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season.
And how to use their example to find the next big thing.
Commerzbank of Germany increased its share holdings in the plant-based burger maker by more than six times in the fourth quarter. The bank also bought up Microsoft stock and sold GE.
France postpones tech tax, Amazon asks court to pause Microsoft's work on JEDI deal and more company news you shouldn't miss.
The current investment landscape has made the decision to reward companies who appear to be in the pole position in their industry, especially if the segment is based on digitization.
The focus this coming week will be on the Technology sector, with bellwethers like Apple, Microsoft, Facebook, Amazon and others on deck to report results. The sector experienced earnings declines in the first three quarters of 2019.
Based on data from S&P Dow Jones through January 23, earnings have been topping estimates at the slowest pace since the fourth quarter of 2018. It is dragging down earnings for 2019 and 2020, so this week really will be critical.
Nadella made a bold prediction for his company and then followed through magnificently.
Giving away free subscriptions to everyone who buys an iPhone, iPad, Apple TV, iPod touch, or Mac will boost your numbers like that.
U.S. Treasury Secretary Steven Mnuchin said that he was optimistic the United States and Britain, soon to be out of the European Union, would strike a trade deal this year and that he had discussed it with Britain's finance minister on Saturday.
As the U.S. enters the 2020s, its economy is bigger and arguably stronger than ever before. But America didn’t reach the pinnacle ...
It's a lot more possible to amass $100,000 than you might think -- and you might even become a millionaire, too. Here's how.
With few obvious catalysts for U.S. stocks to add to their record-breaking ascent of the past year, some investors have looked to the bond market for reassurance.
U.S. Treasury Secretary Steven Mnuchin said he was optimistic about the chances of a trade deal between the United States and Britain this year, adding that he met Britain's finance minister on Saturday to discuss it.
U.S. Treasury Secretary Steven Mnuchin said he was optimistic about the potential for a trade deal between the United States and Britain, and there was a focus on getting it done this year.
Earnings season is heating up, and so is the pressure on Boeing to get it right.
Top tickers for end of day: AAPL, SWN, AMD, TSLA, INTC.
* Indexes drop: Dow 0.58%, S&P 0.90%, Nasdaq 0.93% (Updates to market close)
After a big holiday disappointment last year, Apple heads into its Tuesday earnings report amid heavy investor optimism for services and iPhones.
Top tickers for midday: AAPL, INTC, NFLX, AMD, TSLA, BABA, BA, AMZN, NIO, LK, MSFT, BYND, SNAP, BAC, DIS, FB, NVDA, SQ, MU, ROKU.
The trillion-dollar market cap club expanded last week to a third U.S. company, with Google parent Alphabet Inc topping the lofty valuation mark. Adding the next member, however, is likely to take a while.
Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season.
All forms of money supply have accelerated over the past year, supporting lofty equity prices.
China’s biggest direct retailer partners with HP and three other tech giants.
Microsoft shares have surged 55% over the last year to outpace the likes of Facebook and Amazon.
Artificial intelligence is on track to be a truly revolutionary technology. Here's what investors need to know.
Companies' shares (and bottom lines) should get a lift from the environmental efforts of these tech giants.
It's not the Tech company's only business line, but it's a bigger deal than investors might realize and it's getting bigger.
Invest in companies that pay the most.
Tech stocks have dominated the past decade, and they aren't showing any signs of slowing down.
Microsoft Corporation (NASDAQ: MSFT) boasts four compelling tailwinds that could set the tone for the next decade, according to Piper ...