|Day's Range||2.5300 - 4.2500|
Apple is reportedly preparing to release new hardware, including “Pro” iPhones, upgrades to iPads and its largest laptop in years. Yahoo FInance’s Editor-In-Chief Andy Serwer and Dan Howley join The Final Round to discuss.
Apply is readying a new generation of hardware, including upgrades to its iPhone, iPad, and Mac Book, according to Bloomberg. The tech giant is also expected to launch its TV streaming service. Yahoo Finance’s Akiko Fujita and Dan Howley discuss.
A “how to clean your Apple card” explainer was posted to Apple’s website, as the tech company releases its new, and very sensitive, credit card. Yahoo Finance’s Adam Shapiro, Dan Roberts, Dan Howley, and Heidi Chung discuss.
Apple is expected to unveil three new iPhones, an upgrade to the iPad and iPad Pro, and a revamped MacBook Pro in September. Yahoo Finance's Tech Editor Dan Howley breaks down what to expect from the tech giant's product launch next month.
With strong earnings as a ballast to its bold strategy, Lenovo is looking like a force to be reckoned with in the tech market.
As unemployment rates stay low, one segment of the population is entering the workforce in increasing numbers: individuals with disabilities.
Wednesday's bullishness faded on Thursday, with investors mostly spooked by this month's manufacturing activity. IHS Markit says the purchasing manager's index fell below the 50 level last month, for the first time since September 2009. The data jibes with a weak new orders figure.Investors were also conflicted about comments made by German Chancellor Angela Merkel, who suggested there may be a way to facilitate a no-deal Brexit by the Oct. 31 deadline. That news sent the British pound soaring, after sliding lower for months on fears that the United Kingdom's exit from the European Union would be abrupt, causing a ripple effect across the continent.Also holding the market back is lingering concern over last week's inversion of the yield curve.InvestorPlace - Stock Market News, Stock Advice & Trading TipsArturo Estrella, who first identified the connection between yield curve inversions and recessions, said in an interview that "It's impossible to be 100% sure about the future but I'd say the chances of a recession in the second half next year are pretty high."By the time the closing bell rang, the S&P 500 was lower by a 0.05%. The Dow Jones Industrial Average managed a 0.19% gain, and the NASDAQ Composite ended the day off by 0.36%. Top News in the Stock Market TodayOverstock (NASDAQ:OSTK) Chief Executive Officer Partick Byrne is stepping down from his post, effective immediately.Byrne, who founded Overstock 20 years ago, has spent the past several months focused on developing a blockchain-based venture. Last week, however, Byrne threw investors another curveball by saying he was involved in an investigation related to 2016 presidential election. He specifically referred to investigators as "Men in Black." Byrne also conceded he had been in a romantic relationship with Russian operative Maria Butina, who is now in prison for attempted crimes against the U.S. government. Byrne became too much of a liability. * 10 Undervalued Stocks With Breakout Potential Given its long-standing cadence of iPhone releases, investors were largely expecting Apple (NASDAQ:AAPL) to release its next iteration of the popular device in the coming month. Though still not official word from the company, Bloomberg's report adds credibility to the notion that Apple will indeed reveal three new iPhones in September. Two of them will be "Pro" models.It's a matter that's been brewing for some time, but will be coming to a head on Monday. That's when Johnson & Johnson (NYSE:JNJ) will most likely hear from an Oklahoma judge about its liability in the state's opioid epidemic. Oklahoma's attorney general argues that the drug company's sales practices fueled an addiction problem. The attorney general further argues that the problem ultimately claimed 6,000 lives and could cost the state as much as $17.5 billion to abate. Big MoversIt's still dealing with the fallout from its 737 debacle, but Boeing (NYSE:BA) at least caught a small break today on news that the U.S. Air Force has asked the company to upgrade the wings on more than 100 A-10 attack aircraft. The contract could be worth up to $1 billion.BA stock jumped more than 4% in response to the news. Although, some of that bullishness may have also been driven by hope on the 737 front. The company is reportedly planning to ramp up production beginning in February, suggesting airlines are starting to trust the fix being put in place now.Splunk (NASDAQ:SPLK), on the flipside, fell nearly 8% on Thursday despite a solid second quarter, weighed down by an acquisition that is proving less than popular.In its recently completed quarter, Splunk generated revenue of $516.6 million, up 33% year-over-year, driving a small improvement in profits. The software company, however, also announced it would be shelling out $1 billion to acquire cloud monitoring startup SignalFx. While the deal makes Splunk a more well-rounded organization, it's coming at a steep price.Keysight Technologies (NYSE:KEYS) soared over 12% today after last quarter's earnings beat inspired an upgrade. For its fiscal third quarter, Keysight reported record revenue of $1.09 billion, up 8%, and beating expectations of $1.05 billion. Earnings of $1.25 per share were much better than the expected $1.02, prodding Baird to upgrade KEYS stock to "Outperform."Baird analyst Richard Eastman explained "While we acknowledge trade-related impacts on the macro-economy remain risks, our concerns re: Huawei restrictions and related knock-on effects through the tech supply chain have turned out (thus far) to be less restraining to KEYS' growth (esp. in China, 2Q/3Q both +DD%) than our (and the tech industry's) initial calculation."As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Stock Market Today: Boeing Takes Flight, Manufacturing Slumps appeared first on InvestorPlace.
It is often said the Federal Reserve is "data dependent" in its quest to accurately calibrate U.S. monetary policy. With that in mind, it may be surprising the major equity benchmarks did not do more gyrating Thursday following the release of one particularly concerning data point.Source: Venturelli Luca / Shutterstock.com Earlier today, the August reading of the Markit manufacturing purchasing managers index check in at 49.9, the first reading below 50 in about a decade. Readings below 50 are generally considered negative, particularly if they are accrued in consecutive months. That hasn't happened yet, but this is a data point that should not be ignored.As has been widely noted, the Fed expects to take appropriate measures if the U.S. economy shows signs of wilting. With yesterday's release of minutes from the Federal Open Market Committee (FOMC), it looked like some Fed members want large rate cuts.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Marijuana Stocks That Could See 100% Gains, If Not More However, that thesis may have been a short-term blow today as President of the Philadelphia Fed Patrick Harker said he doesn't believe more monetary stimulus is needed, while Kansas City Federal Reserve Bank President Esther George said she sees the U.S. economy as still on solid ground.Even with all that Fed speak, the Nasdaq Composite lost just 0.36% while the S&P 500 dropped 0.05%. The Dow Jones Industrial Average mustered a gain of 0.19%. Big Boeing BounceIn what is certainly good news because it is the largest Dow stock, frequent guest of this space Boeing (NYSE:BA) surged 4.25% on above-average volume on news that the Federal Aviation Administration (FAA) is planning to run software tests for Boeing's 737 MAX passenger jet with newer pilots as soon as next month.The tests are expected to involved pilots with around a year of flight time. Obviously, the results of those tests remain to be seen, but the news is the latest sign that Boeing may be able to meet investors' expectations that the 737 MAX could be back in the air sometime before the end of 2019."As part of its own testing process Boeing has invited senior U.S. airline pilots to experiment with the software fix and use simulators to run scenarios similar to the ones that led to the two crashes," according to Reuters.Boeing is also attempting to fill hundreds of temporary jobs aimed at getting the 737 MAX back in the skies in the fourth quarter. Apple NewsIn late trading, Apple (NASDAQ:AAPL) was clinging to a modest gain. The company is just a few weeks away from its annual refresh of critical products, including the iPhone. Today, rumors circulated that Apple could unveil as many as three new iPhones next month as well as unveil significant upgrades to the iPad and its most popular laptops."Also coming in 2019: refreshed versions of the iPad Pro with upgraded cameras and faster chips, an entry-level iPad with a larger screen, new versions of the Apple Watch, and the first revamp to the MacBook Pro laptop in three years," Bloomberg reported, citing sources familiar with the matter.At the upcoming Apple event, investors will also likely be demanding clues and updates about Apple's streaming entertainment effort, Apple+. Dow DogsAmong the worst of the day's Dow offenders today was UnitedHealth (NYSE:UNH). Weakness in UNH shares today wasn't a symptom of healthcare weakness because the Dow's three other healthcare components traded slightly higher. I don't like to speculate, but UNH slumped a day after the requirements for the next round of Democratic debates were released. Good news for UNH: supporters of Medicare For All are growing mum.Chemicals maker Dow (NYSE:DOW) continues to be a dog with fleas. Read more about that condition as it pertains to the stock here. Today, the stock lost 2.74% after 20 mayors in France announced a ban on glyphosate, a weed killer that dozens of companies, including Dow, sell around the world. Bottom Line on the DowIt's all about data right now. That and Fed Chairman Jerome Powell's speech from Jackson Hole tomorrow. I've frequently mentioned the importance of the consumer in this space and there are now inklings that there is some softness on that front. Should that weakness persist, the Fed governors mentioned above may have no choice but to get on board with more rate cuts.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Dow Jones Today: Data Dependency Emerges appeared first on InvestorPlace.
When Nokia (NYSE:NOK) last reported its earnings in late July, the shares got a nice boost. But the gains proved ephemeral. Consider that Nokia stock has gone from $5.70 to $5.14.Source: RistoH / Shutterstock.com But of course, disappointment has been common for the company. After all, for the past 15 years, the average return for NOK stock has been essentially 0%.Despite this, I actually think there is an opportunity here. In fact, the latest earnings report should be an encouraging sign that the company's transformation efforts are starting to show progress. In the quarter, revenues rose by a decent 7.2% to 5.69 billion euros, which handily beat the Street estimates. There was also a beat on the bottom line - that is, after adjusting for various good will and non-cash charges.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Marijuana Stocks That Could See 100% Gains, If Not More NOK even reaffirmed its full-year guidance. The earnings are expected to range from 0.25 euros and 0.29 euros per share in 2019 and 0.37 euros and 0.29 euros per share the following year. All in all, the company is certainly expecting more momentum.And the reason for this? It's the 5G megatrend. Carriers like AT&T (NYSE:T), Verizon (NYSE:VZ) and T-Mobile (NASDAQ:TMUS) are ramping up their efforts - and this means buying large amounts of telecom equipment.To get a sense of how strategic 5G is, just look at Apple (NASDAQ:AAPL). The company abruptly settled its massive lawsuit against Qualcomm (NASDAQ:QCOM) largely because it needs its 5G systems. Let's face it, if AAPL wants to remain a top smartphone marker, it has little choice but to get the max from next-generation networks.So yes, this is very good for NOK. Through is acquisition of Alcatel, the company is one of the world's largest equipment providers for 5G. 5G Timing and NOK StockOK, if the 5G opportunity is so great, why hasn't it done much for NOK stock? Well, it's important to keep in mind that the sales cycles are long in the industry. Before deciding on making large capital investments, telecom operators do quite a bit of due diligence.Next, 5G projects are multi-year endeavors. And they are risky. Even slight issues with execution can derail a project.But the good news for NOK is that next year there will be significant rollouts of 5G networks - and this should provide a nice catalyst for growth.Again, the latest earnings report provided key details on the traction. For example, the company announced 45 commercial 5G deals and nine live networks, such as with China Mobile (NYSE:CHL) and Sprint (NYSE:S). Interestingly enough, this is considerably more than rival Ericsson (NASDAQ:ERIC).Something else: The U.S.-China trade war will likely accelerate growth with NOK. Of course, Huawei has been a big target for President Donald Trump and this has caused quite a bit of disruption for the company. The result is that NOK should have more of an edge when getting new deals. Bottom Line on Nokia StockGranted, it's not easy to be bullish on NOK stock. The company's performance has certainly been choppy.But again, NOK has spent much time making significant changes in its business. Note that through next year, there are expected to be cost reductions of about $700 million euros.Even better, there should be improvement on the top-line as 5G hits critical mass. If anything, the buzz surrounding this technology should gin up lots of excitement.In other words, there's a good bet that NOK stock could finally get out of its funk - and fairly soon.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Nokia Stock: Will There Be a 5G Payoff? appeared first on InvestorPlace.
Disney (NYSE:DIS) stock has an extremely strong global entertainment brand and exciting growth prospects in streaming media. The House of Mouse has shown robust performance in 2019, and year-to-date, DIS stock is up about 24%.Source: ilikeyellow / Shutterstock.com However, August has not been a good month for Disney shareholders so far. And there will likely be further volatility and some profit-taking in the coming weeks. Therefore investors may want to consider waiting on the sidelines if they do not currently have any positions open in Disney stock.Alternatively, if they already own Disney, investors may either consider taking some money off the table or hedging their positions. As for hedging strategies, covered calls or put spreads with Sep. 20 or Oct. 18 expiry could be appropriate. Any short-term decline in DIS stock may offer a better entry point for long-term investors.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Disney Stock's Q3 EarningsOn Aug. 6, Disney stock reported earnings for the third quarter of fiscal 2019. It logged revenues of $20.25 billion on earnings per share of $1.25. However, DIS stock missed on both revenue and net income. * The 10 Best Marijuana Stocks to Buy Now Disney blamed the Q3 earnings miss on the current integration of Fox Corporation's entertainment assets, which it had acquired earlier in the year for $71 billion.Four segments contribute to Disney's revenue: * Media Networks (such as ABC and ESPN; about 33% of revenue) * Parks, Experiences and Products (such as Disneyland and cruise lines; about 30% of revenue) * Studio Entertainment (including Lucasfilm and Marvel; about 19% of revenue) * Direct-to-Consumer & International (including streaming services and advertising; about 18% of revenue)Results from Disney's operating segments varied. Media Networks unit reported revenue of $6.7 billion, showing a 21% year-over-year increase.Parks, Experiences and Products's revenue came at $6.6 billion during the quarter, with a 7% rise from Q3 2018. Nonetheless, analysts were concerned that there was lower attendance at Disney parks overall.Studio Entertainment segment reported revenue of $3.8 billion, a 33% increase from the same period one year ago. But this isn't a surprise. Most of our readers will be familiar with the fact that a number of Disney's movies have done extremely well in 2019.Direct-to-Consumer & International segment saw revenue of $3.86 billion during the quarter. However, its operating losses increased to $553 million from $168 million. The company blamed the losses on increased investments in ESPN+, Disney+ and Hulu streaming services.In August, Wall Street wanted to see whether the group's diversified revenue streams would remain robust for the second half of 2019. However, the quarterly report raised eyebrows and the stock price since then has been reflecting investors' worries. Content Development Will Be Expensive for DIS StockDisney's third-quarter results highlighted an important headwind that the company is facing in the rest of the year, i.e., increased costs.During the conference call, Disney management said that direct-to-consumer losses are likely to rise to $900 million in the fiscal Q4. The group will continues to invest in content for Disney+ as well as ESPN+ and Hulu.Disney+ will launch in November and feature content from various sources, including Disney, Pixar, Marvel, Star Wars. In the U.S., the service, which is likely to appeal to a wide range of viewers, will cost $6.99 a month or $69.99 a year. And the global launch of Disney+ will start in early 2020.Disney will offer U.S. consumers a bundle of Disney+, ESPN+ and an ad-supported Hulu subscription for $12.99 per month. Incidentally, that would be the same cost as Netflix's (NASDAQ:NFLX) standard subscription plan.Hulu will have have mostly adult content as opposed to Disney+, which will focus on kids and will not feature any R-rated movies. The bundle will launch alongside Disney+ on Nov 12. CEO Bob Iger said that Disney+ is not likely to have as much content as Netflix, which may become an important concern for investors, especially in the short run.All of these exciting developments in the streaming space have begun to cost Disney real money. Disney management has to ensure that the technical backbone of the streaming services works well. It also has to create content to keep the subscribers happy.Another way to think about the cost of producing original content is that until now, Disney was making money selling content to Netflix. Now it may have to spend serious cash every year to develop content. Of course, the list of competitors for DIS stock includes Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), and AT&T (NYSE:T), too.Many analysts are also wondering if the streaming space needs this many services. Could there also be a price war around the corner that could benefit the U.S. consumer, but not necessarily the stock price of Disney or of its competitors? Where Disney Stock Price is NowOver the past year, Disney stock price is up about 20%. Prior to 2019, between late 2015 and late 2018, DIS stock had not done much for shareholders as it hovered around the $100 per share level.Let us briefly remember how the stock has traded since early April: On Apr 11, prior to Disney's investor day presentation, the share price closed at $116.60. The next morning, DIS stock gapped up to open at $127.91. Then, on April 29, DIS stock reached what was then an all-time high of $142.37.In early May, Disney stock gave back some of its April gains, mirroring the stock market's volatility. On May 31, the stock saw $130.78. June and July were once again good to shareholders, as the stock reached an all-time high of $147.15 on July 29. Since then, investors have been taking money off the table and Disney stock is hovering around $135.As a result of the recent declines, the technical outlook of Disney stock has been damaged. Its short-term chart still looks weak, and DIS share price looks poised to exhibit even further volatility in the near-term.Despite this recent fall in the price of Disney shares, there might still be further declines. In the next several weeks, I expect DIS stock to be choppy and its price to decline below the $130 level, possibly toward $120. The Bottom Line on DIS stockSo what should investors think about Disney shares right now? The acquisition costs and the direct-to-consumer costs have been considerable. Yet Disney management is at this point ready to rack up losses in the streaming space. They are of course hoping to collect sizeable recurring revenue from subscribers both in the U.S. and worldwide. * 10 Marijuana Stocks That Could See 100% Gains, If Not More Therefore, investors will have to keep an eye on Disney's costs as well as other fundamental metrics in the coming months to see if the long-term prospects are still in place. Several bearish trends have recently been emerging in DIS stock. I'd say hold off investing in Disney shares until we have more data in the coming months. There might be a few more bumpy quarters ahead of us.At the time of 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 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Will Disney+ Be the Next Catalyst for DIS Stock? appeared first on InvestorPlace.