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You wanted to know about Naspers, tariffs, and the SaaS bubble -- we’ve got answers.
But that path could be lined with thorns and traps.
Dow Jones closes at 27,359.16 and S&P; 500 closes at 3,014.30 Continue reading...
The tech titan is making iPhones more expensive in a country that already struggles to afford them.
Futures: The stock market rally is at record highs, but earnings are about to flood in. Here are five steps for navigating earnings season.
Top tickers for end of day: DXC, AMD, BABA, INTC, AAPL, FB, BAC.
A light trading session today marks the start of earnings season though we have expectations of market Volatility picking back up as earnings go full swing.
Netflix (NFLX), the cable killer, is continuing its tear with subscription growth appearing to be proliferating to no end, although Disney's (DIS) Disney+ video streaming platform has some investors nervous.
Apple (AAPL) closed at $205.21 in the latest trading session, marking a +0.94% move from the prior day.
The stock market today climbed to a new high after a quiet session, even though big banks weighed on the Dow Jones Industrial Average.
Earning Season is coming. And this time, it might be a tough one, as more than 80 S&P; 500 companies have warned that second quarter earnings will likely be flatter than anticipated. Time Of The Season As we’ve said earlier Earning Call Season is when “a company’s management gets on a big, public conference call with analysts to answer questions about what’s in its quarterly earnings report and what’s going on with the profits, losses, and anything else that might move the stock.” (Not an analyst? Here’s some info on how to ask questions on a bunch of upcoming calls via Say.) Down Market These calls start this week, and for a number of reasons expect management to deliver bad news. Apple, who is just not having a great year, is expected to report a 14.7% decline in second quarter profit margins. Road and railway freight companies are generally considered the canary in the coal mine for growth, and unfortunately the trucking company JB Hunt is expecting profit growth of 1.7% this quarter, which is quite a drop from the 15.2% increase analysts expected only six months ago. All in all, this could be the biggest quarterly contraction in three years. But Why? Last year corporate earnings went through the roof because of President Trump’s 2017 tax cuts. That effect has largely worn off. While Trump’s tax cuts were helpful in making corporations richer, it would seem his tariff war is well on its way to undoing that growth. And China’s ongoing economic slowdown isn’t helping the situation either. It would seem that just like the Federal Reserve, companies everywhere are feeling a bit nervous about the state of the world. But hey, maybe the interest rate cut will help? -Michael Tedder Picture: Adobe
With Q2's Netflix earnings just around the corner, here's what you can expect from the online streaming giant and the broader streaming space.
* China Q2 GDP matches consensus, monthly factory data upbeat
US-China relations have taken a turn for the worse over the last year.
Amazon, Facebook and Alphabet unit Google are joining Apple at a House antitrust panel meeting Tuesday. Bank giants JPMorgan, Goldman Sachs and Wells Fargo also report earnings.
The Lightning Network implements a security measure called ‘Justice transactions’ which removes funds from dishonest nodes. According to a recent report by BitMex Research, the Lightning Network removed 2.22 bitcoin connected to dishonest transactions.The post Thieves lost 2.22 bitcoin on the Lightning Network because of security measures, research shows appeared first on The Block.
Huawei is preparing for “extensive layoffs” in the US, which could put the US-China trade deal on the rocks.
Analysts see declining earnings in Q3 as the U.S.-China trade war and other factors hurt iPhone sales.
ServiceNow, today's IBD 50 Stocks To Watch pick, remains in buy range from a recent breakout and is a triple threat in the stock market.
* China Q2 GDP matches consensus, monthly factory data upbeat
China released its second-quarter GDP report today. The country’s GDP expanded 6.2% in the second quarter, marking its slowest growth since 1992.
In a series of tweets on Monday, Trump today weighed in on China’s GDP growth, which came in at a 27-year low.
Shares of IBM (IBM) have easily outpaced the market in 2019 and the firm officially announced the completion of its $34 billion deal to buy Red Hat last week. With this in mind, let's see what investors should expect from the tech firm's Q2 2019 financial results...
Top tickers for midday: AMD, AAPL, TSLA, BAC, FB, INTC, BABA, TEVA, C, F, MU, DXC, SYMC, NFLX, AMZN, JPM, TWTR, SNAP, NVDA, MSFT.
Right now, Apple doesn’t see much promise in the widely-hyped augmented reality and virtual reality market.
MSFT is seeing some interesting options activity ahead of earnings
The Oracle of Omaha has achieved some remarkable results, but his investment style isn’t too complicated.
Indian police has freed three men held captive by a gang, the Hindustan Times writes. The kidnappers demanded 80 bitcoin in ransom.The post Indian police free captives, arrest 7 kidnappers who demanded 80 bitcoin ransom appeared first on The Block.
Apple, Amazon, Google and Facebook could encounter massive downside risk Continue reading...
(Bloomberg) -- Two key Republican senators pressed the Federal Trade Commission to investigate how Facebook Inc., Alphabet Inc.’s Google and Twitter Inc. decide what content appears on their social media platforms, calling the companies’ power a potential threat to democracy. Senators Ted Cruz of Texas and Josh Hawley of Missouri made their demand in a letter sent to the FTC on Monday, a day before a hearing by a Senate panel into social media bias that will feature testimony from a top Google executive. The letter and hearing come just days after President Donald Trump aired similar grievances at a White House summit of conservative tech critics, fringe social media voices and GOP lawmakers including Hawley. “Big tech companies like Google, Facebook, and Twitter exercise enormous influence on speech,” the two Republican senators wrote in the letter, which Hawley’s office provided. “They control the ads we see, the news we read, and the information we digest. And they actively censor some content and amplify other content based on algorithms and intentional decisions that are completely nontransparent.”The request comes as Republicans increasingly allege that the companies engage in systematic anti-conservative bias, an unsupported claim. But the possibilities for abuse “are alarming and endless,” including potentially swaying elections, the senators said.Like Trump, both senators have been vocal about claims that social media silences conservatives. Cruz, chairman of the Senate Judiciary Subcommittee on the Constitution, is scheduled to hold a hearing Tuesday on Google’s “censorship.” The company’s global policy chief, Karan Bhatia, will testify, he said in a Monday opinion piece.“We go to extraordinary lengths to build our products and enforce our policies in such a way that political leanings are not taken into account,” Bhatia wrote in Fox News.All three companies have previously said they don’t make content decisions based on politics, though they have acknowledged occasional mistakes in taking down or limiting the reach of content or accounts of conservatives.“Importantly, these mistakes have affected both parties and are not the product of bias,” Bhatia wrote in his opinion piece. Spokesmen for Facebook and Twitter declined to comment on Monday.Cruz has said his views are based on anecdotes rather than rigorous data, which he blames on the opaque nature of the companies’ decisions regarding content.Hawley has previously proposed legislation that would require tech platforms to prove to the FTC that they’re politically neutral in their content decisions if they want to keep a key liability shield that protects them from lawsuits over content that third parties post on their platforms. Hawley was the featured speaker during Trump’s summit, during which the president called his bill “very important.”Almost 65% of Republicans or those who lean Republican believe big tech companies support liberal views over conservative ones, and 85% think it’s at least somewhat likely the companies are intentionally censoring political viewpoints, according to a Pew Research Center survey from last year.The FTC has authority to collect non-public information from companies and study matters related to competition and consumer protection, even if the issue isn’t related to a law enforcement matter. It has opened an investigation into how Internet service providers collect and use consumer data, and the agency has also started a task force to probe potentially anti-competitive conduct by tech giants.The Justice Department and FTC also have taken the first steps toward specific investigations of four big tech firms for antitrust violations. The Justice Department has taken responsibility for Google and Apple Inc., while the FTC will oversee Facebook and Amazon.com Inc.(Updates with Google response from fifth paragraph)\--With assistance from David McLaughlin.To contact the reporter on this story: Ben Brody in Washington at email@example.comTo contact the editors responsible for this story: Sara Forden at firstname.lastname@example.org, Mark Niquette, Linus ChuaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of India iPhone sales. Today, we'll look at that and other Apple Rumors for Monday.Source: Shutterstock iPhone India: Apple is reportedly going to stop selling some older versions of the iPhone in India, AppleInsider notes. According to this report, the tech company is going to stop selling the iPhone SE, iPhone 6, iPhone 6 Plus, and iPhone 6s Plus in the country. This has the tech company cutting out many of its budget devices in India. Instead, it leaves customers there with the iPhone 6s as the cheapest AAPL smartphone available for purchase. This probably has to do with a changing stance on its retail strategy in the country.MacBook Air SSD: It looks like Apple skimped on the 2019 MacBook Air in one area, reports MacRumors. Speed tests of the SSD in the 2019 MacBook Air show that it is slower than the one in its 2018 counterpart. The 2019 model has an SSD that supports read speeds of 1.3GB per second. For comparison, the 2018 has an SSD with read speeds of 2GB per second. The write speeds for the two SSDs remain mostly the same, but the 2019 model is slightly faster.InvestorPlace - Stock Market News, Stock Advice & Trading TipsiPhone 6 Fire: A recent report claims that one person's iPhone 6 caught fire, 9to5Mac notes. An iPhone 6 belonging to an 11-year-old girl allegedly sparked in her hand and she threw it away from her. It landed on her blankets and reportedly caught fire, burning holes in them. Apple is aware of the situation and is investigating it.Subscribe to Apple Rumors As of this writing, William White did not hold a position in any of the aforementioned securities.The post Monday Apple Rumors: Apple Stops Selling Older iPhone Models in India appeared first on InvestorPlace.
When it comes to using smart speakers such as Amazon's Alexa Gadgets, most Americans are concerned about the privacy of their conversations and personal data. However, those concerns don't seem to be affecting the sales of the voice-assistant devices.
Sometimes the best investments are right beneath our noses...
Will Amazon's Vesta be a game-changing gadget like the Echo?
Qualcomm (NASDAQ:QCOM) has been a wild, up-and-down ride for the past three years, which has probably left some long-term investors investors feeling a bit queasy.Source: Shutterstock First, there was a lot of volatility in the stock because of the failed NXP Semiconductor (NASDAQ:NXPI) acquisition. Then there were ongoing issues with Apple (NASDAQ:AAPL), that were raging until earlier this year when they were finally resolved. Both companies dropped all lawsuits involved at the time. But the combined volatility from all this uncertainty has provided investors multiple opportunities to go long over the past three years.Going forward, given the clarity the company now has with the Apple dispute done and over with, Qualcomm has the opportunity to return to being a stellar dividend growth stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips QCOM Stock and the Chip Sector Dividend YieldWhen looking at the major players in the chip sector, Qualcomm has the second highest dividend yield only to Broadcom (NASDAQ:AVGO). * 7 Dependable Dividend Stocks to Buy I think I'd give the edge to Qualcomm over Broadcom right now because of the fact that Broadcom is still digesting the nearly $19 billion CA Technologies acquisition that closed in November 2018.Symbol Company Dividend Yield AVGO Broadcom 3.7% QCOM Qualcomm 3.3% TSM Taiwan Semiconductor 3% MXIM Maxim Integrated Products 3% TXN Texas Instruments 2.6% SWKS Skyworks Solutions 1.9% ADI Analog Devices 1.9% MCHP Microchip Technology 1.6% STM STMicroelectronics 1.4% XLNX Xilinx 1.2% NXPI NXP Semiconductors 1% NVDA Nvidia 0.4% AMD Advanced Micro Devices NA Source: FinViz Increasing Cash Flows & Share RepurchasesAn attractive aspect for Qualcomm, as I mentioned above, is the fact the Apple dispute is over and the deal the two companies struck will allow Qualcomm to return to a point where they are generating higher cash flows than they are now.As you can see in the chart below, cash flows have been trending down for years as the saga has gone on and now I expect that trend will reverse.ZacksAn additional positive aspect for Qualcomm is they used a large portion of the cash they had accumulated to repurchase a massive amount of stock. Shares outstanding for Qualcomm are down nearly 18% year-over-year, which will help support future dividend growth. Technical Outlook for QCOM Stock Click to Enlarge The technical outlook for Qualcomm is appealing because the stock is near the midpoint of the range that it has traded in this year. With the drop that occurred last week, shares are right near the 38.2% retracement level.In addition, many times when a stock has a large gap up, it will retrace and "fill the gap."As you can see in the chart, shares of Qualcomm gapped up from $70 to $79 on April 17. The $70 level is right in the buy zone between the 50% level of $69 and the 38.2% level of $74 would be a quality entry point. Bottom LineThe bottom line for Qualcomm is cash flows should be increasing going forward. When the potential for increasing cash flows is combined with a significantly lower share count, Qualcomm can support a strong pace of dividend growth forward. Shares are right near a level of technical support and a quality buy zone, which makes any weakness in the stock an opportunity.As of this writing, Brad Kenagy holds a position in NXP Semiconductor. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Qualcomm Is an Attractive Chip Stock to Buy appeared first on InvestorPlace.
‘Are these major red flags or is it just a matter of financial literacy?’
* Dow off 0.04%, S&P dips 0.05%, Nasdaq up 0.04% (Changes comment, adds details, updates prices)
The Euro rallied quite a bit during the trading session on Monday but also gave back quite a bit of the gains. At this point, it looks as if the 1.13 level will continue to be rather resistant, so it’s not a huge stretch to think that we will continue to see a lot of choppiness.
* China Q2 GDP matches consensus, monthly factory data upbeat
Apple, Disney, WarnerMedia, and NBCUniversal are laying out billions.
MSFT could continue to impress on the upside, but a break of the late June lows will weaken the chart.
Symbols mentioned in this story: IGV, MSFT, INTU, NOW Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Earnings season shifted into first gear Monday as Citigroup Inc(NYSE: C) posted better than expected results and saw shares rise ...
The major stock indexes erased early gains after forays into record high territory. Boeing stock stumbled on 737 MAX jet news.
SAP SE (SAP) second-quarter results to benefit from expanding customer base and acquisition synergies.
The Zacks Analyst Blog Highlights: Microsoft, UnitedHealth, Costco, Uber and Microchip Technology
Bitcoin and the entire cryptocurrency market seem to be in a clear downward spiral. At the time of writing, the entire market has lost over 10% of its total value in just a matter of days. However, should traders and investors really be worried? After all, aren't these kinds of retracements welcomed by enthusiasts to make new entries? Let's take a quick look at the market and see what's going on with the top coins. Bitcoin As you can see from the chart, BTC has dropped down to its 20-day EMA, where price has bounced slightly. Still, it is quite close to its early July lows. What I expect to happen is for price to bounce between $9,000 and $10,000The post Cryptocurrency market update: Altcoins down over 20% appeared first on Coin Rivet.
A bullish analyst boosted his price target for (MSFT) shares to the highest on Wall Street high ahead of the company’s next quarterly financial results. Microsoft stock (MSFT), up 37% in 2019 through Friday’s close, was up 0.3% to $139.39 as the S&P 500 rose 0.5%. Nomura analyst Christopher Eberle, who has a Buy rating on the shares, on Sunday boosted his price target by $30 to $161.
InvestorsObserver issues critical PriceWatch Alerts for AAPL, AMZN, FB, LULU, and MU.
* China Q2 GDP matches consensus, monthly activity data upbeat
Oracle (ORCL) fails to win the lawsuit challenging JEDI contract's policies and qualifying criteria. Oracle's opposition to JEDI is likely to weigh on its ongoing business with DoD.
Microsoft's (MSFT) fourth-quarter results are likely to benefit from enterprise strength, robust Office 365 & Azure adoption.
Wall Street was set to extend last week's gains at the open on Monday as second-quarter corporate earnings got off to an upbeat start with results from the third largest U.S lender, Citigroup, beating expectations.
* Futures rise: Dow 0.20%, S&P 0.20%, Nasdaq 0.24% (Adds comment, details, updates prices)
Amazon (NASDAQ:AMZN) closed down last Thursday slipping 0.83% on the day. But for a short time that morning, Amazon stock continued its July rally and passed the $2035 mark.Source: Shutterstock That milestone put it in the rarified company of Microsoft (NASDAQ:MSFT) as a trillion dollar company -- a position Amazon has not been in since last September. * 7 Dependable Dividend Stocks to Buy Here's why AMZN stock has been on the rise this month, and why there could be clouds on the horizon.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Anticipation Over Prime Day is Boosting Amazon StockPrime Day is on July 15 and 16 this year. So that's two days, but like JD.com (NASDAQ:JD) and its yearly 6.18 anniversary sale (which actually runs for several weeks) AMZN isn't known for being a stickler on nomenclature.However, one thing is certain and investors know it: Prime Day is huge for Amazon. It's the company's largest shopping event, surpassing Cyber Monday and Black Friday.The company suffered a black eye last year when its website repeatedly glitched for several hours, but despite technical issues, the sale was a huge success. AMZN reported selling more than 100 million products worldwide during the Prime Day event. Sales were up 89% over the previous year in the first 12 hours -- despite issues with its website during that time. Amazon doesn't release dollar figures, but it was estimated that last year's Prime Day brought in $4.19 billion in worldwide sales. That's a huge number, and up 60% over the $2.41 billion from the previous year's event. To put it all in perspective, the first Prime Day (in 2015) brought in an estimated $900 million in sales.With those kind of numbers, you can see why Amazon stock had been on a run in July, gaining nearly 5% since the start of the month, before slipping on Thursday. Also Helping AMZN? The Trade War's Limited ImpactAMZN stock -- like many other tech stocks -- had also been impacted by concerns over the trade war between the U.S. and China. The threat of increased tariffs on Chinese good sold in the U.S., and the potential for retaliatory measures was bad news for Amazon. A trade war could impact the economy globally, and cut consumer spending. In addition, tariffs make products more expensive which means consumers may buy less. Both scenarios are tough on retailers, and despite its size AMZN is not immune.Fear that the situation was escalating hit AMZN stock hard in May, but as rhetoric cooled and consumers kept buying, Amazon stock recovered. Its latest rally took it to a new high for 2019 and Amazon's market cap briefly hit the $1 trillion mark. Storm Clouds on the Horizon for Amazon StockThis week is critical for Amazon, with Prime Day falling on the 15th and 16th. However, there's another big event involving AMZN that may be a little less pleasant for the company and its investors. On July 16, Amazon and other FAANG tech companies will be appearing before the House Antitrust Subcommittee. In AMZN's case, the company's grip on e-commerce will be under particular scrutiny.Should investors worry that the government's interest in the company could result in measures that torpedo Amazon stock? Analysts at Wedbush believe the investigations won't result in actual intervention any time soon, and the long-term impact on Amazon and AMZN stock may be less than feared."These hearings and potential DOJ probes can represent an overhang and risk to the FAANG group, but we would encourage investors to focus on the fundamentals in the near-term as any probe would take years to complete as we witnessed firsthand with Microsoft, which proved to be more noise than a structural jolt to its business model." In other words, stay calm and enjoy what is expected to be another record-setting Prime Day.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Amazon Stock Briefly Takes the Company to the Trillion Dollar Club appeared first on InvestorPlace.
Second-quarter earnings are usually pretty sleepy, with forecasts for the back-to-school and holiday periods tucked away for later review amid summer vacation schedules. You may want to pay attention this year, though.
Activision stock is down as gamers move to mobile and even free games. Here is what the fundamentals and technical analysis say about buying ATVI stock now.
Based on the early price action and the current price at 1.1276, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the 50% level at 1.1278 and the downtrending Gann angle at 1.1273.
Microsoft's (MSFT) robust execution and better-than-expected demand from customers for hybrid cloud offerings is likely to act as another tailwind.
U.S. stock futures extended last week's gains to trade slightly higher on Monday in the run up to the start of second-quarter earnings reports, beginning with Citigroup.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 23 ...
Investing.com - The U.S. dollar rose on Monday, as manufacturing activity in New York posted its biggest increase in more than two years.
China’s quarterly GDP lowered concerns around growth rates, slightly exceeding expectations. In Q2, the growth rate of the country’s economy increased to 1.6% which is higher than expected. It is also better than 1.4% it was in the first three months of the year.
At the time of writing, Bitcoin (BTC) is trading just above $10,200 after losing 25% of its total value since last week. Although last week I said I expected Bitcoin to consolidate a bit more above $11,400, it seems the market pulled a fast one and BTC went further down to the $10,000 region. Will Bitcoin push higher during the week? Or will we see more major retracements back to the $9,000 region and below? As you can see from the chart, BTC has dropped down to its 20-day EMA, where price has bounced slightly. Still, it is quite close to its early July lows. What I expect to happen is for price to bounce between $9,000 and $10,000 beforeThe post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet.
In the latter part of 2018, bearishness took hold of Apple (NASDAQ:AAPL) stock and sent shares to the $150 range as AAPL stock investors took in the news that the company would no longer issue unit sales numbers for its iconic iPhone device.Source: Shutterstock CEO Tim Cook reasoned that subscription and app sales mattered more for profitability. By that logic, Apple could afford to offer less transparency into its business each quarter. Now that the shares have recovered, there are three reasons investors should buy Apple stock. Weaker iPhone Sales ExpectedInvestors have had more than six months to accept that unit sales for iPhones will fall. Average selling price (ASP) is significantly higher with each successive release of the device. And although loyal customers will hold off upgrading to the latest iPhone, their device will stay in the iOS ecosystem. Even if revenue falls, Apple will enjoy healthy profit margins from sales of iPhone 8, X, XR, and XS Max.InvestorPlace - Stock Market News, Stock Advice & Trading TipsExpect the total profit per user to hold steady or increase, driven by more customers signing up for Apple Music. In April, The Wall Street Journal reported that Apple had 28 million subscribers, 2 million more than Spotify Technology (NYSE:SPOT). SPOT stock trades at similar price/sales and price/book multiples compared to Apple. Yet Spotify's price/forward cash flow multiple is 75, compared to 20.5 times for Apple. * 7 Retail Stocks to Buy for the Second Half of 2019 Don't forget that Apple recently launched its News App. By sending notifications for timely news, users who use the app often may end up subscribing to the service. In doing so, they get Apple News Plus, which gives users access to premium newspapers and more than 300 digital magazines. Look for Earnings Beat on July 30When Apple reports quarterly earnings on July 30, the company may beat the Q2/2019 EPS estimate of $2.12.Source: TipranksLast year, Apple reported earnings of $2.34, topping the $2.17 estimate. Strong revenues are possible because Apple Music subscription growth is gaining momentum. The iPad and iPad Mini refresh could drive device sales higher. Conversely, the iPad Pro faces stiff competition from Microsoft's (NASDAQ:MSFT) Surface book and Surface tablet. Still, Apple has the AirPod, Watch, and HomePod to offset a drop in Pro sales.In the unlikely scenario that AAPL stock falls after reporting strong results, the drop gives investors a chance to average down. Most who invest in Apple are in it for the long term. Viewing short-term drops in the stock as entry points played out well in the last decade. * 10 Stocks to Sell for an Economic Slowdown To be sure, weak iPhone sales could spook investors and send Apple stock lower. Yet if consumers are simply holding off on upgrades in general, Apple is not losing market share. So if users are not leaving the iOS ecosystem for Android, Apple subscription and software sales will return high profits. Service Revenue Will Drive GrowthThe second quarter 2019 saw Apple report its best quarter ever for Services, as revenue topped $11.5 billion. Even as worldwide iPhone revenue fell 17%, Services grew to new heights, with more than 390 million paid subscriptions at the end of March, up 30 million in the last quarter. During 2020, Apple expects to surpass 500 million subscriptions.That is a phenomenal rate of growth. And the strong uptake of Services will include growing App sales. In Q2, the number of paid third-party subscriptions increased by over 40%. Apple has a well-diversified source of revenue from apps; the biggest third-party subscription app accounted for just 0.3% of its total Services revenue.Apple forecast revenue of $52.5 billion - $54.5 billion for the upcoming report for the June quarter. Gross margin will be around 38%. Operating expenditures will be $8.7 billion - $8.8 billion. Your Takeaway on AAPL StockApple is confident about the growing revenue from the product category level. More importantly, it expects iPhone sales improving Y/Y in the upcoming Q3 report. Cash flow generation is so strong that AAPL stock repurchase authorization and its quarterly dividend. A dividend hike is unlikely but if Apple does so, look for Apple stock continuing its uptrend.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post 3 Reasons to Buy Apple Stock Ahead of End-of-Month Earnings Report appeared first on InvestorPlace.
Which should you choose when applying for credit cards? Here’s what to know about these two payment networks.
EUR/USD is attempting to recover higher for a fourth consecutive day of gains following a sharp fall from highs posted in late June.
It’s a mixed start to the day. Bitcoin will be the crypto-barometer through the afternoon.
Ripple’s XRP bucks the trend early. The rest could play catch up if Bitcoin holds onto early gains.
(Bloomberg Opinion) -- The share of income and wealth going to the so-called “1%” has incensed protesters and agitated economists around the world. From the Occupy Wall Street movement to the work of academics such as Thomas Piketty and Gabriel Zucman, attention has zeroed in on what the super-rich earn and own, and on how governments should use taxes for redistribution.Such policy ideas have taken center stage in the primaries of the U.S. Democratic Party, which decide who will challenge President Donald Trump in 2020. One of the runners, Senator Elizabeth Warren, advocates a 2% wealth tax on fortunes above $50 million. She has found unlikely billionaire allies, including the investor George Soros and Facebook Inc.’s co-founder Chris Hughes, who say they’d accept a levy on their riches to “help address the climate crisis, improve the economy, improve health outcomes.”These are all smart people but there’s a danger they may be missing something here. The French economist Philippe Aghion points out that there’s a direct correlation between high levels of inequality in favor of the top 1% and innovation (the creation of new technologies). Given that every country is eager to foster innovation — because it brings huge economic benefits — might there be an argument that a concentration of wealth at the top isn’t necessarily a great evil?Aghion’s view is that instead of seeking to punish the 1%, the main priority for governments should be to ensure that the top strata of the wealthy isn’t allowed to remain a closed shop — that is, new innovators must be free to challenge and replace incumbent companies. Given the entrenched positions of giant technology companies such as Alphabet Inc., Apple Inc. and Microsoft Corp., this is going to need a bit of work.The London School of Economics professor, who presented his findings in Paris last month, also said there was no evidence that faster innovation would produce more inequality further down the income scale. This is only about the difference between the 1% and the rest. And he said increases in innovation were linked to better social mobility. Aghion believes that new inventions give people the chance to rise up the ladder faster.Indeed, mobility (admittedly at the top end) is the prime motivation for all those technology pioneers in the first place. They want to make enough money to join the ranks of the very wealthiest. Aghion’s conclusion, in line with the tradition of the Austrian economist Joseph Schumpeter, is straightforward: Companies come up with new processes and products to generate and appropriate “rents.” Governments shouldn’t target these extra profits excessively since it would stifle the desire to innovate.This doesn’t mean there’s no role for public policy. Quite the opposite. Aghion also showed how all is not well in innovation-land. The growth rate of total factor productivity, a measure of efficiency, rose sharply in the 10 years after 1996 but then declined. In particular, productivity growth among tech companies and firms that are the biggest technology users appears to have peaked respectively in the mid-1990s and in the mid-2000s, and has slumped subsequently.Meanwhile, as the academics Jan De Loecker and Jan Eeckhout have shown, companies are becoming ever more able to charge markups in excess of their costs. Yesterday’s innovators are enjoying a quietly untroubled and lucrative life today, which may well be down to the barriers to entry they themselves have erected.While many on the left hanker after higher taxes to shrink the share of income and wealth of the 1%, it’s not even clear that they’re an effective tool. Aghion looked at the tax reforms introduced by the French president Francois Hollande in 2012, including a 75% tax on earnings above 1 million euros. He found that the changes prompted more of the ultra-rich to leave France but that any improvement in social mobility — measured as the number of people who have moved upward in the bottom 95% of the income scale between 2011 and 2015 — was extremely limited (although it’s too soon to draw strong conclusions).So if we want to encourage the bursts of innovation that actually support genuine upward mobility, tackling the quasi-monopolistic practices of the biggest companies might be a better use of political energy. For years, Amazon.com Inc., Facebook Inc., Google and their ilk have been subject to relatively little antitrust scrutiny. This may be changing: The European Union has fined Google three times for a total of about 8.2 billion euros ($9.3 billion) for abusing its dominant position. There are signs too that U.S. antitrust authorities are finally waking up to this problem.Of course, proponents of higher taxes on wealth and income believe they can foster competition and social mobility. If they fund improvements in education, such thinking goes, that may help today’s poor become tomorrow’s champions. But France’s experience in 2012 poses questions about how much can be raised before wealthy individuals move abroad. In the U.S. there’s a vocal debate over how much Warren’s wealth tax would actually bring in.The rise of left-wing politicians such as Warren and Britain’s Jeremy Corbyn suggests a hunger among younger voters for much greater redistribution. While higher taxation may make the world fairer, there’s little evidence it will make the economy innovate more or grow faster. Robust competition enforcement is a better answer. Before you bash the rich, try busting the trusts.To contact the author of this story: Ferdinando Giugliano at email@example.comTo contact the editor responsible for this story: James Boxell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Ferdinando Giugliano writes columns on European economics for Bloomberg Opinion. He is also an economics columnist for La Repubblica and was a member of the editorial board of the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
U.S. manufacturers are shifting production to countries outside of China as trade tensions between the world’s two biggest economies stretch into a second year.
ROXi Music, the makers of the home-based music streaming device ROXi, said it had chosen investment bank Arden Partners as it prepares for an initial public offering in the fourth quarter of 2019.
Stock futures: The stock market rally continues with Amazon Prime Day, Facebook regulatory fears and Citigroup earnings in focus. Amazon, Facebook, Citigroup are all in buy range.
Major news sources are reporting that the social media network has reached a deal with government regulators.
The software and cloud computing giant has outpaced the market this year. Can it keep up the hectic pace?
It’s a big week ahead, with key stats, corporate earnings, and geopolitical risk to provide the majors with direction through the week.
It’s been a bearish week as the bears look to take back control following a bullish first half of the year… A Sunday rebound may not be enough.
Citigroup (C) is scheduled to report quarterly results before the open on July 15, while JPMorgan (JPM) and Wells Fargo (WFC) are expected to report on July 16. Here's what to watch for...
Stocks managed to put on a strong showing on July 12, with the S&P 500 rising by almost 50 bps to close at 3,013. The run to 3,050 appears to now be in place. Hopefully, the index makes it to 3,050.
Markets closed this week at all time highs and Gamma is driving them higher; we on will show you precisely how this dynamic drives buying.
On most key operating metrics, bank performance has been very strong in recent quarters and we will most likely see a repeat performance this earnings season.
Market participants are preparing for a wide range of outcomes in Fed policy over the coming months.
The attention President Trump just brought to bitcoin could push prices up to $40,000 by the end of the year, says Fundstrat Global Advisors Head of Research Tom Lee.
Facebook Inc. shares closed at their highest price in nearly a year Friday after reports that the Federal Trade Commission has approved a $5 billion fine, a record amount that would still be less than a quarter of Facebook’s annual profit.
With more and more trading platforms and the growing allure of low-to-no-fee brokerages, new traders are confronted with a deluge of ...
New York City's Monroe College is currently under a ransomware attack, Bleeping Computer writes. the college’s campus computer systems are down and the college’s website shows a 504 error.The post Monroe College under ransomware attack; hackers demanding $2M appeared first on The Block.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Apple Inc (AAPL), where a total volume of 279,229 contracts has been traded thus far today, a contract volume which is representative of approximately 27.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 125.1% of AAPL's average daily trading volume over the past month, of 22.3 million shares..
It’s the calm before the competitive storm when streaming video giant Netflix Inc. is scheduled to report second-quarter financial results Wednesday after the market’s close.
If you're on the hunt for hot tech stocks, there is no shortage of leading software names to choose from, such as ServiceNow.
The June US YoY Producer Price Index (PPI) that excludes Food and Energy reported a 0.1% rise over estimates. The robust 108.65 resistance acted as the robust barrier, disallowing any further arouses in the Ninja.
FANG stocks have a big week as Amazon, Facebook and Alphabet (plus Apple) face Congress, while Netflix reports earnings and Amazon holds its Prime Day.
The Euro goes back and forth during the week to form a relatively neutral candle stick as we still don’t know exactly where were going. However, the daily candle stick is a little bit concerning.
Some Foolish takes on the overhyped and overlooked stories, surprises, and disappointments in this year’s market.
Chinese police have confiscated approximately 4,000 bitcoin miners, xinhuanet writes. The operation was located in the Jiangsu Province in Zhenjiang and came to light after a local power company noticed heightened electricity usage.The post Chinese police arrest 22 bitcoin miners whose operation used stolen electricity appeared first on The Block.
Tech giant Oracle Corporation (NYSE: ORCL) was eliminated from a contract with the U.S. government in April and has lost a legal ...
Growth of Microsoft Corp.’s cloud service Azure will be key in determining whether the software giant maintains its leading trillion-dollar market cap after its earnings report.
* Indexes up: Dow 0.49%, S&P 0.19%, Nasdaq 0.28% (Updates prices, changes comments)
Executives from Alphabet Inc., Amazon.com Inc., Apple Inc., and Facebook Inc. should brace for tough questions around antitrust as federal probes gain steam.
As Wall Street gets ready to see how tech companies fared in the second quarter, the mantra about a ‘better second half’ is likely going to be a refrain in company conference calls
US President Donald Trump has slammed Bitcoin and other cryptocurrencies, claiming their value is "based on thin air". Armed with his favourite weapon of choice – Twitter – the 73-year-old hit out at the decade-old digital asset before switching his wrath to Facebook's Libra crypto project. “I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” he raged. “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….” Facebook, using its Calibra subsidiary, announced last month that it would be jumping into the world of cryptocurrency with its own coin – Libra. The project has been largely welcomed - particularly asThe post Donald Trump attacks Bitcoin appeared first on Coin Rivet.
* Indexes up: Dow 0.51%, S&P 0.17%, Nasdaq 0.27% (Updates to open)
Baird boosted the price target for Lincoln Electric Holdings, Inc. (NASDAQ: LECO) from $93 to $100. Lincoln Electric shares closed ...
While gold and bitcoin are both in short supply, Juan Carlos Artigas, director of research at the World Gold Council, says gold is a physical asset with real value in jewelry and other uses. He spoke to Yahoo Finance’s Alexis Christoforous and Brian Sozzi.
Shares of Apple Inc (NASDAQ:AAPL) have bullishly opened above the pivot of $202.60 today and have reached the first resistance level of $203.45. Investors may be interested in a...
President Donald Trump expressed his views on Bitcoin and Facebook's Libra cryptocurrency for the first time since becoming president of the United States.The post 'Not a fan:' President Donald Trump comments on Facebook’s Libra, Bitcoin, and cryptocurrencies for the first time appeared first on The Block.
President Donald Trump finally weighed in on cryptocurrencies. Here's what he said.
Investing.com - The U.S. dollar was flat on Friday as a slight uptick in core inflation failed to deter expectations that the Federal Reserve will cut rates at the end of July.
Today the price of Bitcoin is US$$11,656.75; Ethereum is US$276.32; XRP is US$0.344323; Bitcoin Cash is US$353.46 and Litecoin is US$106.07. These are the Top 5 cryptocurrencies by market capitalisation. About the Top 5 cryptocurrencies The top 5 cryptocurrencies are the biggest and most significant cryptocurrencies and constitute the top half of The Top 10 Cryptocurrencies by market capitalisation. Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without “relyingThe post The Top 5 cryptocurrencies latest price appeared first on Coin Rivet.
Japanese cryptocurrency exchange Bitpoint has announced today that it has been hacked, losing about 3.5 billion yen ($32 million) in cryptocurrencies, including XRP.The post Japanese crypto exchange Bitpoint hacked, lost $32 million appeared first on The Block.
Investing.com -- The dollar was broadly weaker across the board early Friday in Europe, with commodity currencies making a comeback after two days of Congressional testimony from Federal Reserve Chairman Jerome Powell that made a bias to easing monetary policy crystal clear.
Personal computer sales grew slightly in the second quarter, as companies tried to get more products out of China before more tariffs hit, combined with a better supply situation from Intel Corp.
On Thursday, Microsoft Corp. announced new investments in technologies and programs designed to support its partner ecosystem. The investments are aimed at helping optimize Microsoft's partner engagement for the cloud era.
Apple Inc this week restored a software application to its App Store that let parents control their children's iPhone usage after removing it in February, the company said on Thursday.
Top tickers for end of day: S, ALLY, AAPL, JCP, AMD, NIO, CAR, TSLA, X.
* Row stems from treatment of South Koreans during World War Two
With the constant temptation to spend your paycheck, coming up with down payment for a home can put a damper on your budget. Paying ...
The prospect of an extra $100 billion in revenue proves too good for Cowen to pass up.
Most investors have heard the term momentum when applied to stocks. The momentum strategy is based on a simple idea, the theory about momentum states that stocks which have performed well in the past, should continue to perform well, while on the other hand, stocks which have performed poorly in...
France’s goal is to achieve a global agreement on taxing digital services, finance minister Bruno Le Maire said on Tuesday, after the U.S. government’ decided to launch an investigation into the new tax on sales in the country by multinational firms
Top tickers for midday: AAPL, AMD, NVDA, NIO, AMZN, FB, TSLA, CVS, SNAP, MU, MSFT, BBBY, DIS, NFLX, BYND, BABA, DAL, BAC, PBR, BA.
Technology is a sector that houses some of the biggest investment opportunities ever seen. In fact, outside of the banking industry, ...
Amazon and Microsoft are in the final stretches of a fierce battle to win a $10 billion contract to build an artificial intelligence (AI) driven cloud for the US military.
Which company deserves the most credit for the Dow Jones Industrial Average’s run to a milestone at 27,000 since last posting a finish at or above a round-number milestone at 26,000 back on Jan. 17?
Apple Inc's top-end iPhones, assembled in India by Foxconn's local unit, are likely to hit Indian stores next month, a source said, potentially helping the tech giant drop prices in the world's second-biggest smartphone market.
With the enthusiastic cries of “$14,000!” still echoing through the world’s busy and overheated crypto mining machines, Bitcoin did what it does best this week… disappoint. The market-leading digital asset woke up on Monday hovering around $11,500 after a lazy weekend of doing absolutely nothing. By breakfast time its intentions were clear, though, as it shook off the weekend’s lethargy and a rapid $500 spike signalled a desire to mount an assault on the $14k line it had come so perilously close to conquering two weeks ago. Back then, it was $50 shy of the mark, willed on by eager bulls who were quickly brought to their knees as things took a dive back below $11,000 and even a briefThe post Bitcoin's surge derails again appeared first on Coin Rivet.
A Wall Street analyst on Thursday initiated coverage of software giant Microsoft with the equivalent of a buy rating, citing the company's cloud computing strength. Microsoft stock rose.
* Row stems from treatment of South Koreans during World War Two
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR S&P 500 ETF which added 10,100,000 units, or a 1.1% increase week over week. Among the largest underlying components of SPY, in morning trading today Microsoft is up about 0.5%, and Apple is higher by about 0.1%.
350%! That's 3.5 times more than the S&P 500 was valued at just 10 years ago.
S&P 500 Futures are pointing to an opening above 3,000 on July 11.
Microsoft Corp (NASDAQ:MSFT) has opened bullishly above the pivot of $137.82 today and has reached the first level of resistance at $138.61. Investors may be interested in a cross...
These 54 components of the S&P 500 rose to record levels too.
The S&P 500 Index (SPX) hit 3000 for the first time Wednesday on dovish testimony from Fed Chair Jerome Powell, but is there meaning ...
Even more, is it what could drive shares even higher?
Top Upgrades Analysts at Wedbush upgraded Abercrombie & Fitch Co. (NYSE: ANF) from Underperform to Neutral. Abercrombie & ...
Fiverr International Ltd is tapping into the phenomenal success of "Fortnite" and "PUBG" by hooking up players with online gaming experts, who will help them up their game while helping the company make some money in the process.
Google is an AI leader, but investors shouldn't overlook Microsoft, Baidu, and Amazon.
U.S. stock futures advanced on Thursday, a day after Wall Street's main indexes touched new highs after dovish comments from Federal Reserve chairman Jerome Powell cemented the case for an interest rate cut this month.
Investing.com - The U.S. dollar inched down on Thursday, extending losses made after comments from Federal Reserve Chairman Jerome Powell raised expectations that the central bank will cut rates at its next meeting.
5 stock- and bond investments that cost you almost nothing to own.
Shares rose Thursday in Asia, tracking gains on Wall Street after Federal Reserve Chairman Jerome Powell suggested the U.S. central bank is ready to cut interest rates for the first time in a decade.
Investing.com -- The dollar was mostly lower in early trading in Europe Thursday, extending losses made on Wednesday after Federal Reserve Chairman Jerome Powell dropped his clearest hint yet that the central bank will cut interest rates at its next policy meeting at the end of the month.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
It sure was easy when all we had to do is buy any stock that was a member of a group with a great acronym. Remember the FANG stocks? Are they still a thing anymore?
Stock futures: Facebook, Amazon, Apple, Microsoft and Google led on Fed chief Jerome Powell's green light. That's bullish for the stock market rally.
Investing.com -- The dollar was higher against the British pound and emerging market currencies in early trading in Europe Wednesday, but range-bound against most of its peers as the market braced for Federal Reserve Chairman Jerome Powell’s two days of testimony before Congress.
Investing.com - The U.S. dollar rose towards a three-week high on Tuesday as hope dampened that the Federal Reserve will ease monetary policy aggressively, while worry over U.S.-China trade tensions hitting corporate profits contributed to an equity sell-off on Wall Street.
President Donald Trump wants a weaker dollar, but there are questions as to how he could devalue the nation's currency and whether or not the Fed would be willing to help out.
BoJ Governor mentioned that the Bank would make necessary adjustments in the monetary policy to attain its inflation target. After facing a severe pullback on July 5, the EUR/USD pair had appeared to cling near 1.1228 mark.
The Euro continues to chop back and forth during the trading session on Monday, as we continue to see a lot of volatility. Looking at this chart, there is a significant amount of support underneath, but also has been very negative.
A sharp fall last week in EUR/USD has caused a lot of technical damage. The real questions, however, is if the exchange rate will continue the momentum.