|Day's Range||13.70 - 13.70|
Shailene Woodley thinks the OTT/Streaming wars are good for Hollywood by creating opportunity for everyone in the industry.
Netflix stock has reached deep support, while extreme relative strength readings raise the odds for a bounce that rewards well-timed positions.
Shares of the glassmaker fell on Tuesday after the company reduced its sales outlook for fiber-optic equipment and glass for TV displays.
A snapshot of the IBD 50 shows that return on equity, a key earnings gauge, has risen sharply in recent years. But ROE alone should not be used in choosing stocks to buy.
Officials from the Justice Department and Federal Trade Commission may provide more information on Tuesday afternoon about their antitrust probes that are targeting Amazon.com Inc., Apple Inc., Facebook Inc. and Alphabet Inc.’s Google.
Healthcare battle is heating up with the growing proliferation of fitness trackers being offered by Apple (AAPL), Fitbit, Garmin and others.
HBO Max, the upcoming streaming service from AT&T Inc's WarnerMedia, has secured exclusive five-year streaming rights in the United States to all 12 seasons of comedy hit "The Big Bang Theory". Ranked as the No. 1 comedy on U.S. television for the past seven years, the show has garnered an audience of some 20 million people. The rights for the show cost HBO Max between $500 million and $600 million, a source familiar with the matter told Reuters.
(Bloomberg) -- NBCUniversal revealed the name and initial lineup for its new online TV platform, aiming to challenge Netflix Inc. and other streaming rivals with more than 15,000 hours of programming.The service, slated to debut in April 2020, will be called Peacock, a tip of the hat to NBC’s logo. It will include reruns of NBC shows, including “The Office” and “Parks and Recreation,” as well as a slate of original shows, the Comcast Corp. division said on Tuesday.Peacock will join a crowded field of streaming services, all of which are fighting for TV viewers’ eyeballs and wallets. Walt Disney Co. and Apple Inc. are both launching offerings in November, while AT&T Inc.’s WarnerMedia is readying a product for early next year.Peacock’s original programming will include a “Battlestar Galactica” reboot from “Mr. Robot” creator Sam Esmail and the drama “Dr. Death” starring Alec Baldwin. It also will feature comedies from the likes of Jimmy Fallon, Seth Meyers and Lorne Michaels.The company will draw heavily on its vault of content. In addition to streaming reruns, Peacock will reboot the comedies “Saved by the Bell” and “Punky Brewster.”To contact the reporter on this story: Nick Turner in Los Angeles at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Just as the Fed is set to ponder an interest rate cut amid fears of a US slowdown, the People’s Bank of China has kept its one-year interest rate steady.
Netflix's (NFLX) acquisition of streaming rights of popular comedy Seinfeld will help it fill up the gap in its content portfolio post the departure of shows like Friends and The Office.
Stock futures: The stock market and Apple showed resilience as crude oil prices soared Monday. Shopify, Funko and Kraft Heinz fell late on stock-sale buzz.
Since the first iPhones hit the market in 2007, the glass on every iPhone sold has been produced at Corning’s Harrodsburg, Kentucky, plant. Apple and Corning did not disclose the terms of the deal. In the past, Apple has made long-term supply agreements https://www.reuters.com/article/us-apple-finisar/apple-grants-390-million-to-finisar-to-boost-laser-chip-production-idUSKBN1E71EA with its vendors in which it provides upfront cash to lock in supplies of parts and better prices.
PreVeil, an encryption-software startup with 25 employees in its Downtown Crossing office, has raised $7 million in a Series B investment round led by Presidio Ventures, the investment arm of Japanese trading company Sumitomo Corp. PreVeil's software integrates with Microsoft’s Office 365 by adding an encrypted inbox to the regular Outlook one.
Apple® today announced it is awarding $250 million from its Advanced Manufacturing Fund to Corning Incorporated, supplier of precision glass for iPhone®, Apple Watch® and iPad®. “Apple and Corning’s rich history dates back more than a decade, and our partnership revolutionized glass and transformed the technology industry with the first iPhone,” said Jeff Williams, Apple’s chief operating officer.
Qualcomm (NASDAQ:QCOM) shareholders can't complain about the performance of Qualcomm stock so far in 2019. Up 41% year to date through Sept. 13, including dividends, investors are likely taking some profits. Source: jejim / Shutterstock.com If you are, congrats on the gains. If not, here are three reasons why Qualcomm stock remains an excellent long-term buy. 1\. Free Cash Flow GenerationOver the summer, I had the opportunity to write about QCOM stock on two occasions in June and July. In the first article in June, I highlighted the company's strong free cash flow generation. InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs a result of its trailing 12-month free cash flow, I felt that it was an $80 stock, not a $60 stock. At the time it was trading just under $70. As I write this, Qualcomm is trading around $78, up more than 12% over the past 90 days. * 7 Tech Stocks You Should Avoid Now Its TTM free cash flow was $4.9 billion, considerably higher than the $2.1 billion when I wrote about the company in June. That's due to a $3.0 billion income-tax benefit through the first nine months of the fiscal year. InvestorPlace contributor Mark Hake recently suggested that Qualcomm will generate more than $7 billion in free cash flow in 2019, reminding investors that its free cash flow yield (FCF) of 7.5% is three times Amazon's (NASDAQ:AMZN) FCF yield of 2.5%. Free cash flow generation and FCF growth are the biggest drivers of higher stock prices. Although a big chunk of Qualcomm's fiscal 2019 free cash flow is a result of a considerable tax benefit, the company consistently generates more than $5 billion in free cash flow with or without those one-time benefits. This reason alone it's worth owning QCOM for the long haul. 2\. Great DividendQualcomm currently yields 3.2%, a fantastic amount of income for a tech company. InvestorPlace's Luke Lango recently called it a stable dividend stock to buy as fixed income possibilities vanish. However, not only did Lango promote the company's attractiveness as an income-generating stock, but he also suggested that it's on the cusp of a multi-year growth spurt, which would also deliver significant capital appreciation. "Not only does QCOM stock have a compelling multi-year bull thesis, but the stock is also paying investors to buy into that compelling bull thesis. It's a win-win situation that ultimately gives QCOM the nod as a stable dividend stock to buy here and now," he wrote. Not only did Qualcomm get as much as $4.7 billion as part of its settlement with Apple (NASDAQ:AAPL), but it also gets the maker of iPhones as a customer for several more years, which itself will generate future revenues. To be paid to go along for the ride is great news if you're a dividend income investor. 3\. 5G Will Be Good for QCOM StockQualcomm just announced that it was buying out the rest of RF360, the joint venture between it and TDK (OTCMKTS:TTDKY), a partnership set up to strengthen Qualcomm's RF business and help it transition to 5G. The company ultimately paid $3.1 billion, which includes the remaining $1.15 billion interest it's bought from TDK."Qualcomm Technologies' second-generation RFFE solutions for its 5G portfolio will further enable OEM customers to design thin, high-performance, battery-efficient 5G multimode devices at scale and on time," the company stated in its press release. As InvestorPlace contributor Josh Enomoto and Faisal Humayun have argued in recent articles, Qualcomm is ready to benefit from the move to 5G in 2020. Faisal points out that the global 5G chipset market is expected to grow from $2.1 billion in 2020 to $23 billion in 2026, a compound annual growth rate of 61%. Enomoto wrote that Qualcomm's headstart when it comes to 5G gives it a front-row seat to the changes taking place in the telecom industry -- a position that will ultimately generate billions in profits for Qualcomm shareholders. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post 3 Reasons QCOM Stock Is a Great Buy on the Recent Dip appeared first on InvestorPlace.
The European Union's order to Apple to pay 13 billion euros ($14 billion) in back taxes "defies reality and common sense", the U.S. firm said as the two sides sparred in a case key to the EU's crackdown on sweetheart deals to multinationals. The iPhone maker is appealing to Europe's second highest court to overturn the European Commission's 2016 ruling that it pay the record sum to Ireland. Ireland, whose economy has benefited from investment by multinational companies attracted by low tax rates, is also challenging the Commission's decision.
Corning was dropping Tuesday after the electronic components company announced it was cutting third-quarter guidance for its display and optical communications segments. The company now expects a revenue decline of between 3% and 5% in its optical communications segment, compared with its previous forecast of a low-to-mid-single digit percentage increase. The company expects third-quarter display technologies prices to be flat sequentially, and full-year glass prices to decline by a low-to-mid-single-digit percentage.
Apple has the money to buy a Hollywood studio, like Sony or Lionsgate, to build out its TV+ ambitions. But its content strategy is different from competitors such as Netflix or Disney.
Leading Apple analyst Ming-Chi Kuo says the demand for new iPhones is beating his estimates, especially in China. Kuo also boosted his iPhone 11 shipment forecast between 70 to 75 million units this year. Yahoo Finance's Dan Roberts joins Akiko Fujita to discuss.
Bob Iger made headlines over the weekend after the Disney CEO stepped down from his spot on Apple's Board of Directors. Iger's resignation came on Friday, the same day that apple announced the pricing for its Apple TV + streaming service. Yahoo Entertainment Senior Writer Ethan Alter joins Yahoo Finance's Adam Shapiro, Julie Hyman and Dan Roberts to discuss.