207.55 +0.33 (0.16%)
Pre-Market: 5:22AM EDT
|Bid||207.62 x 4000|
|Ask||207.65 x 900|
|Day's Range||203.62 - 207.23|
|52 Week Range||142.00 - 233.47|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||17.43|
|Earnings Date||Jul 30, 2019|
|Forward Dividend & Yield||3.08 (1.52%)|
|1y Target Est||213.41|
FAANG stocks are making a direct impact on real estate demand, says Hessam Nadji, CEO of Marcus & Millichap, buying up office space and warehouses.
The releases of iOS 13, watchOS 6 and macOS Catalina are likely just a coupleof months away, but that isn't stopping Apple from giving the current versionsa big sendoff
Jul.22 -- Jeff Williams co-created the Apple Watch and runs the company’s global operations. Now he's the heir apparent if CEO Tim Cook were to leave. Bloomberg's Mark Gurman reports on "Bloomberg Markets."
Huawei has set an ambitious shipment goal that would help it overtake Apple in the smartphone market.
U.S. stock futures rise ahead of earnings reports from a number of corporate heavyweights and after the White House and congressional negotiators reach a budget deal that will lift the government's debt limit; Coca-Cola, Snap, Visa and Harley-Davidson are among the companies reporting earnings on Tuesday; Apple reportedly is in talks to buy Intel's modem chip business for $1 billion.
Acquisitions are what evening traders are talking about tonight.
(Bloomberg) -- Apple Inc. is negotiating to buy Intel Corp.’s struggling cellular modem unit, said a person familiar with the matter.A deal would give Apple key engineering talent and patents that would help it develop new devices to connect to the mobile internet. The Intel assets could be valued at about $1 billion in a transaction, said the person, who asked not to be identified because the matter was private.An agreement could be reached as soon as this week, though it’s possible talks could break down without a deal, the person said.Representatives for Apple and Intel declined to comment. The negotiations were reported earlier by the Wall Street Journal.Apple is building its own cellular modems for devices like the iPhone, iPad and Apple Watch in part to eventually reduce its reliance on buying parts from Qualcomm Inc. or others.Apple’s latest iPhone models currently use modems sourced exclusively from Intel, but the company settled its long-standing royalties lawsuit with Qualcomm in April amid plans to sell 5G iPhones in 2020. Qualcomm’s 5G modems are widely regarded to be superior to those from Intel. However, Apple’s licensing and royalties agreement with Qualcomm ends in six years and Apple appears intent on eventually replacing the Qualcomm parts with modems developed internally.A deal with Intel could be similar to Apple’s agreement to pay Dialog Semiconductor Plc $600 million to take over its power management business, the provider of another key component for Apple’s devices. Intel currently provides modems for Apple’s 4G LTE iPhones.To contact the reporters on this story: Liana Baker in New York at firstname.lastname@example.org;Mark Gurman in San Francisco at email@example.com;Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Liana Baker at email@example.com, Michael Hytha, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Intel has been looking for a buyer for its smartphone modem business since at least April when the company said it would exit the smartphone modem business. At the time it said it would meet obligations for 4G modems but would not be releasing its forthcoming 5G smartphone modem in 2020. Intel famously missed out on supplying Apple’s original iPhone and struggled to catch up in the mobile chip business ever since.
Apple Inc is in advanced talks to buy chipmaker Intel Corp's smartphone-modem chip business, the Wall Street Journal reported on Monday, citing people familiar with the matter. Assuming talks don't fall apart, the deal, valued at $1 billion or more, could be reached in the next week, according to the WSJ. Intel announced it would exit the 5G modem chip business in April, hours after Apple settled a longstanding legal dispute with Qualcomm Inc, a key supplier of iPhone modem chips.
Apple Inc. could be within a week of agreeing to a deal to buy Intel Corp.'s modem-chip business, according to a Monday afternoon report. The Wall Street Journal reported that Apple and Intel are in advanced talks on a deal that values the business at $1 billion or more that could lead to a deal in the next week, based on anonymous sources. Intel stock gained about 2% in after-hours trading after the report hit, while Apple shares gained about 0.2%. The deal has been rumored since Apple gave up on its worldwide legal fight with modem maker Qualcomm Inc. on the same day that Intel -- the only other Apple source for iPhone modem chips -- announced that it would wind down its modem business. The Journal reported that Intel and Apple were in talks for more than a year, but Intel began shopping the unit after Apple struck a multiyear deal with Qualcomm as part of the companies' legal settlement. After discussions with other companies, Intel re-ignited talks with Apple, according to the report. Intel reports quarterly earnings Thursday, while Apple is scheduled to report a few days later, on Tuesday, July 30.
Investors have been holding their breath for a Fed rate cut for a while now. But are they prepared in the event that that doesn't happen?
President Trump has previously suggested that banning American companies from making sales to Huawei could become a bargaining chip in his trade war with China, despite calling the company “very dangerous” for national security.
Broadly speaking, stocks were somewhat listless Monday as traders await an absolute avalanche of marquee earnings reports this week.Source: Shutterstock The Nasdaq Composite was the leader among the major U.S. equity benchmarks to start the week, adding 0.71% while the S&P 500 gained 0.28%. Sapped by one of the largest members of the index, the Dow Jones Industrial Average lagged, finishing higher by just 0.07%. * 7 Defense Stocks to Buy to Fortify Your Portfolio When the closing bell rang, just over half the Dow's 30 components were in the green for the day.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Bad BoeingBoeing (NYSE:BA), the largest member of the price-weighted Dow Jones Industrial Average and a company that reports earnings later this week, was dinged Monday, falling 1.07% after Fitch Ratings trimmed its outlook on the aerospace company to "negative" from "stable." Fitch cited regulatory uncertainty stemming from the grounding of the 737 MAX passenger jet, but the ratings agency is sticking with an "A" credit rating on Boeing."The MAX situation also presents significant public relations challenges, and the impact on Boeing's reputation and brand will be a watch item for the next year or more," said Fitch.Boeing reports second-quarter results Wednesday before the open of U.S. markets with analysts forecasting a profit of $1.89 a share, down from $3.33 a year earlier. More Earnings: UTX and KOSticking with the industrial sector for a moment, shares of United Technologies (NYSE:UTX) added 0.44% today in advance of the company's Tuesday pre-market second-quarter earnings report. Wall Street expects UTX to post earnings of $2.05 per share on revenue of $19.6 billion.The stock is inexpensive compared to other large-cap aerospace names, but that probably isn't enough for investors over the near-term. United Technologies' earnings call is likely to revolved around the company's effort to merge with Raytheon (NYSE:RTN), one that has been met with some push back on Wall Street.Coca-Cola (NYSE:KO) traded slightly lower today ahead of its Tuesday morning earnings report. The shares are up a market-lagging 8.56% year-to-date, indicating the beverage giant better put some fizz in that earnings report and guidance. Analysts expect Coca-Cola to notch second-quarter earnings of 62 cents a share on revenue of $9.57 billion."Analysts are evenly split ahead of the report: Eleven think the shares are a Buy, while 11 have a Hold rating or the equivalent on the shares. Just one rates it at Sell. The average analyst price target is $52.48," reports Barron's. Dow Jones WinnersApple (NASDAQ:AAPL) was one of the best-performing names in the Dow today, adding 2.29% amid some bullish analyst chatter. Morgan Stanley's Katy Huberty boosted her price target on Apple to $247 from $231 in a note out today. Apple reports earning on July 30 after the close of U.S. markets.Shares of Walt Disney (NYSE:DIS) advanced 0.70% on reports that "The Lion King" saw a weekend box office haul of $185 million. That after Disney's "Avengers: Endgame" became the highest-grossing film ever earlier this year. Yes, Disney is up about 31% this year, but its upcoming movie lineup indicates more upside could be had in this stock. Dow Jones Today: Bottom LineAs was noted here last week, this week brings a slew of earnings reports with nearly a third of the S&P 500 reporting. Hopefully, the trend of positive surprises continues because this earnings season, so far, has been better than anticipated."To date, 16% of the companies in the S&P 500 have reported actual results for Q2 2019," according to FactSet. "In terms of earnings, the percentage of companies reporting actual EPS above estimates (79%) is above the five-year average. In aggregate, companies are reporting earnings that are 7.0% above the estimates, which is also above the five-year average." More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post Dow Jones Today: Waiting on the Earnings Tidal Wave appeared first on InvestorPlace.