|Day's Range||10.01 - 12.51|
Facebook was among the biggest gainers on Fortune’s latest list of top-earning companies.
Huawei has set an ambitious shipment goal that would help it overtake Apple in the smartphone market.
The answer is clearly the latter, and Amazon's latest Kindle Paperwhite is still one of the finest ways to access loads of books in one place. Because of the way the tablet market has been shrinking, you'd also be hard-pressed to find a device with a 10.5-inch screen that looks as good as this one.
The Dow Jones lagged a bit Monday despite strong performances for Apple stock, Microsoft stock and Intel stock. Beyond Meat closed in on an all-time high.
Apple Inc. shares are rising in Monday morning trading after an analyst at Morgan Stanley praised the “attractive” setup heading into the company’s earnings report next Tuesday.
VeriSign's (VRSN) second-quarter 2019 results are expected to benefit from consistent increase in the number of .com and .net domain name registrations.
Markets closed lower on Friday after a report stated that Fed officials would reduce the benchmark interest rates in its next meeting by only a quarter percentage points.
Inside this iconic campus, Jobs devoted just as much attention to detail and design as he did on Apple's products.
Apple Inc. shares are up 0.7% in Monday morning trading after Morgan Stanley's Katy Huberty raised her price target on the stock to $247 from $231, writing that the company has a "low risk" of missing expectations with its September outlook. She's generally upbeat about Apple's June-quarter numbers, which the company will report next Tuesday afternoon. "Investor sentiment continues to surprise us as unusually negative, with call volume throughout the quarter at recent lows despite shares bouncing back ~20% from the May bottom," she wrote. She also expects an acceleration in services revenue for the first time since March 2018. Huberty has an overweight rating on the stock, which has gained 30% so far this year, as the Dow Jones Industrial Average has risen 17%.
Economic data and earnings will keep investors busy this week. More than a quarter of the S&P; 500 companies are scheduled to release their earnings.
Congress, with some goading from their competitors, appears eager to apply antitrust enforcement to Facebook (FB) , Apple (AAPL) , Google (GOOG)(GOOGL) and (AMZN) (FAGA). This would be a terrible misuse of the law for market-dominance problems that emerging technologies will resolve and for privacy and security issues where bigness contributes little. To put one complaint aside — the increasing size of American tech companies has not caused stagnant wages.
Comcast (NASDAQ:CMCSA) reports its second quarter of 2019 earnings next week, and investors seem uncertain about whether CMCSA stock is a buy. After climbing as high as $45.20 on Tuesday (an all-time high), Comcast stock lost ground on Wednesday. Then, shares closed up 0.29% on Thursday.Source: Shutterstock The uncertainty is tied to the Comcast earnings call on July 25. Will CMCSA beat expectations? The company has been doing just that in recent quarters, at least in terms of earnings.Investors will also be looking for big numbers on new high-speed internet customers. This will help offset continued bleeding of video subscribers. Further, prospective buyers will seek news on NBCUniversal's planned video streaming service.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What Investors Are Looking for in Comcast EarningsWhen Comcast reported its Q1 earnings in April, the company massively beat per-share profitability expectations. The company also added 375,000 high-speed internet customers but lost 121,000 video customers. However, revenue of $26.6 billion (up 17.9% year-over-year) was lower than analysts had expected. * 10 Tech Stocks That Are Still Worth Your Time (And Money) The news initially negatively impacted Comcast stock, but it ended up closing on a high note. For Q2, investors will carefully watch developments on multiple fronts.Analysts are bullish on CMCSA's profitability prospects, with a consensus earnings-per-share forecast of 75 cents. That's a 15.4% increase over the 65 cents the company reported a year ago.Moreover, analysts will place video-customer numbers under a microscope. Comcast has been bleeding video customers -- a trend that continued last quarter. While adding high-speed internet customers (something else analysts will be watching closely) helps to offset that loss, the company takes a revenue hit because the loss of video customers comes with an accompanying loss in pay-TV subscribers.CMCSA's NBCUniversal division saw its revenue drop 12.5% last quarter, adding to the overall revenue miss for Comcast. Any news on NBCUniversal's forthcoming video-streaming service, expected to launch in Q1 2020 will be of particular interest.NBCUniversal recently paid $500 million for rights to The Office. Unfortunately Netflix (NASDAQ:NFLX), the show will be pulled from the streaming giant in 2021. However, it's expected to be a key draw for gaining subscribers for Comcast, boosting prospects for CMCSA stock.Rival media giant AT&T (NYSE:T) also has big video streaming plans for next spring, including a new WarnerMedia service that just won the rights to Friends. The competition in streaming video is set to explode, starting this fall with high-profile services from Apple (NASAQ:AAPL) and Disney (NYSE:DIS). Therefore, any mention of NBCUniversal's plans during the earnings call could have an impact on Comcast stock. Comcast Stock on an Earnings Winning StreakComcast earnings are on a year-long streak in terms of beating analyst expectations. Going back to last July, the consensus EPS forecast was for 61 cents per share, while CMCSA reported 65 cents. That trend continued unbroken and last quarter, Comcast really hit it out of the park. The media giant delivered EPS of 76 cents compared to the consensus target of 66 cents.That performance helped Comcast stock to recover after it spent the first half of 2018 in a protracted slump. At that time, investors worried about cord cutters dropping their cable subscriptions.Since the streak started with last July's Q4 2018 earnings report, Comcast has steadily risen from $34.84 to $45.20 for nearly 30% growth. That set a new all-time high for CMCSA stock in the process. In comparison, AT&T has chalked up growth of just over 6% during the same period. Also, the Nasdaq Composite gained only 4.7%. What Will Happen Next Week?July 25 will be a big day for Comcast. Another earnings beat is a strong possibility and big numbers there could boost CMCSA stock further.But with Comcast stock setting new all-time highs earlier this week, investors will be cautious. Surely, they'll be on the lookout for any sign of future trouble.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 * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Comcast Stock Down from Record High as Q2 Earnings Loom appeared first on InvestorPlace.
On July 18, New York Fed President John Williams's speech increased the Fed rate cut probability. He highlighted the importance of the Fed acting quickly.
TD Ameritrade (NASDAQ: AMTD) announced Monday several new integrations that will provide access to real-time quotes, portfolio information, and content from the TDA Network via Apple Inc (NASDAQ: AAPL) CarPlay, Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Android Auto and Amazon.com Inc’s (NASDAQ: AMZN) Echo Auto.
Morgan Stanley's channel checks show strength in Apple's iPhone shipments, while Alliance Bernstein lists reasons for caution.
Qualcomm (NASDAQ:QCOM) has gotten a break on its controversial policy of linking chip sales to its patents, which could move Qualcomm stock in the short term. Click to EnlargeThe bump looks like a heartbeat on an EKG, a spike of $3.50 per share that came after the Department of Justice uttered the magic words "national security" in defense of what Judge Lucy Koh and the Federal Trade Commission have called an illegal monopoly.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn a friend of the court brief filed with the Court of Appeals for the 9th Circuit, Justice was joined by the Departments of Defense and Energy in arguing that Koh's decision threatens American leadership in a crucial sector of the global economy.The letter is unequivocal: "Immediate implementation of the remedy could put our nation's security at risk, potentially undermining U.S. leadership in 5G technology and standard-setting, which is vital to military readiness and other critical national interests." * 10 Tech Stocks That Are Still Worth Your Time (And Money) Despite the letter, and a column from our own Bret Kenwell calling this "the perfect opportunity to profit from Qualcomm stock," shares fell steadily after the spike. They opened July 19 at about $74.40, $1.30 per share lower than before the DoJ letter came out. Qualcomm Stock and International TroublesOne reason was a $272 million fine the European Union levied against Qualcomm. This was for blocking a British modem chip maker named Icera, later bought by Nvidia (NASDAQ:NVDA) and closed, from the 3G baseband chip market a decade ago. Qualcomm calls the fine meritless.It's the second big EU fine in a year for Qualcomm, following a $1.1 billion levy over its treatment of Apple (NASDAQ:AAPL). Apple settled its legal argument with the San Diego company in May, sending the shares from the mid-50s to the mid-80s within a few days.Barclays (NYSE:BCS) analyst Blayne Curtis placed the Justice letter against the EU fine and dropped his rating on Qualcomm.The merit in the Justice Department's argument is nationalistic, not legal. It is a political letter. Questionable Tactics and QualcommQualcomm's tactics of "no license, no chips" have given it monopoly power as mobile operators and others begin spending big on 5G networking gear. Even Apple was forced to back down, seeing that Intel (NASDAQ:INTC) was too far behind Qualcomm to deliver a competitive design in a timely manner.But Qualcomm does face a potential rival in China's Huawei, called a big winner after Koh's decision . When the Apple case was still alive, in January, Qualcomm had reached an interim patent licensing deal with Huawei.The Koh decision, based on facts Apple gave the Federal Trade Commission, led veteran analyst Rob Enderle to say Huawei will now win the race to 5G, predicting the company will pivot to its own, proprietary designs and come back stronger, as Microsoft (NASDAQ:MSFT) did after its own antitrust fight.The argument is that Qualcomm CEO Steve Mollenkopf may be a son of a bitch, but he's our son of a bitch. The Bottom Line on Qualcomm stockKenwell's argument for Qualcomm stock is based on reading technical charts. Fundamentally he acknowledges the risk in Koh's decision and the European fines.But Qualcomm is now selling for less than four times its annual sales. Its dividend of 62 cents per share, well supported by earnings, represents a yield of 3.33%. That's better than what you get on a 30-year bond. This at a time when Adobe (NASDAQ:ADBE) is selling for over 15 times sales, without a dividend.If Qualcomm loses and must adjust its business practices, it's still going to win a big share of the 5G modem marketplace. If it wins, and the U.S. has now put its thumb on that scale, the stock is cheap.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear , available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT, AAPL, and NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post National Security as Protectionism Will Keep Driving Qualcomm Stock appeared first on InvestorPlace.
Many analysts and pundits are saying that Netflix (NASDAQ:NFLX) stock is in trouble, pointing to looming competition from Disney (NYSE:DIS) and Apple (NASDAQ:AAPL) and the net decline of the company's U.S. subscriber count in the second quarter. But that pullback by NFLX stock in the wake of those has created a very good buying opportunity for long-term investors.Source: Shutterstock There's been a vigorous debate among analysts and pundits about whether and to what extent rivals' new internet video offerings will hurt NFLX stock. I think the stepped-up competition will provide Netflix's results and NFLX stock with a tremendous boost. Heated Competition Looks Like Blessing in DisguiseTo be sure, the reams of hype likely to accompany the rollouts of Disney+ and Apple TV+ will spur even more cord-cutting across America. The publicity will make more viewers aware of the tremendous volume of shows and movies that are now available online, causing a further exodus from cable and satellite services.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAn April report by Convergence Research Group predicted that, by the end of this year, 34% of U.S. households would "cut the cord," that is, give up their cable or satellite subscription.But by providing more content and working hard to publicize their services, Disney and Apple will accelerate that trend in 2020. * 10 Stocks to Sell for an Economic Slowdown Consequently, many more Americans will realize that they can save money -- and still get access to more than enough content -- by cutting the cord.As a result, from 34% at the end of 2019, the percentage of Americans with internet video services will, I believe, roughly double to 68% by the end of 2020.In 2018, there were about 128 million households in the U.S. Rounding that up to 130 million (to account for the passage of roughly two years) and multiplying by 68% yields 88.4 million homes.If NFLX, as the first mover in internet video, can get 90% of those households, it will have 80 million subscribers. Knocking of 10% to account for password-sharing between households leaves us at 72 million. That's well short of Netflix's 90 million U.S. subscriber goal, but it's nearly 20% above the company's slightly more than 60 million subscribers as of the end of Q2.A nearly 20% gain in 18 months should please and pleasantly surprise the owners of Netflix stock while hurting the credibility of bears on NFLX stock who argue that the company has reached a saturation point in the U.S. Assessing Rivals ThreatCan Netflix really boost its subscriber base in the face of new competition?The answer is "definitely" and for a couple of reasons. First, I'd argue that the services from Disney and Apple probably won't really have the same attributes as Netflix. Disney's entertainment service, Disney+, will likely consist primarily of movies and TV shows geared to children and/or fans of action shows. Apple's service looks likely to consist primarily of reruns and movies, with only a few original shows. So Netflix will remain the only highly popular streaming option with a great deal of original content meant to appeal to mainstream adult audiences.Second, the price points of the streaming video services should allow a majority of Americans to afford more than one streaming service. Disney+ will only cost $6.99 per month. AAPL hasn't announced the price of Apple TV+, but it's expected to be well below the $13 cost of a standard Netflix plan.Most Americans are used to paying around $80 at least per month for TV content. So shelling out $20 or $30 per month for multiple streaming services isn't going to give most people sticker shock. Moreover, most of the consumers with the highest disposable income still have cable. As many more higher income Americans cut the cord, they'll definitely be able to afford three or more internet video subscriptions. Real Prize for NFLX StockAs is often the case, many analysts and pundits are getting caught up in the trees instead of focusing on the forest. * 7 Stocks Top Investors Are Buying Now They're focusing on the 126,000 net U.S. subscribers Netflix lost last quarter while ignoring the company's real opportunity to become the first truly worldwide TV service. They made a similar mistakes last year with Snap (NYSE:SNAP), as they focused on the company's small subscriber losses and ignored its huge ad revenue opportunity.Let's say that, in five years, Netflix becomes about twice as popular as Apple worldwide. That's not an unrealistic goal, since Apple's market share in many countries is actually quite low.In 2016, Credit Suisse estimated that there were nearly 600 million Apple users worldwide. If 1.2 billion adults live in households that subscribe to Netflix, and 600 million households pay an average of $10 per month for the service, its revenue would be $72 billion per year. If its profit comes in at $10 billion, its earnings per share would be $23. A price/earnings ratio of 25 would put Netflix stock's price per share at around $525, versus today's $325. And that doesn't account for likely price increases by 2025 or other forms of revenue that could eventually kick in, like advertising, theme parks, and premium services. Bottom Line on Netflix StockIncreased competition could actually boost Netflix stock by enticing many more Americans to cut the cord. Meanwhile, NFLX stock could increase around 80% over the next five years if the company continues to sign up subscribers around the world. Although NFLX will have to execute well to accomplish that goal, given the company's huge success so far, long-term,speculative investors should make that bet.As of this writing, the author did not own shares of any stocks mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Weakness in Netflix Stock Looks Like a Good Buying Opportunity appeared first on InvestorPlace.
FaceApp has gone viral again with a feature that makes users look elderly, but experts say it may pose security concerns.