|Day's Range||68.00 - 68.00|
Shailene Woodley thinks the OTT/Streaming wars are good for Hollywood by creating opportunity for everyone in the industry.
(Bloomberg Opinion) -- Apple Inc. is squaring up with tech’s European bete noire, Margrethe Vestager, over its historical tax arrangements in Ireland at a court hearing this week. If the iPhone maker wins, Vestager may be able to use the defeat to her benefit. Back in 2016, EU Competition Commissioner Vestager imposed a 13 billion-euro ($14.4 billion) bill on Apple for unpaid taxes in Ireland, alleging illegal state aid. That case has now reached the EU General Court in Luxembourg. The losing side will be able to appeal one level higher to the European Court of Justice.Though a ruling will still take some months, either outcome could potentially play into Vestager’s hands. If the court decides in her favor, then all well and good: Apple has already placed the funds in escrow, Ireland enjoys a nice boost to its coffers and her efforts to end so-called sweetheart tax deals are rubberstamped.QuicktakeHow Europe’s ‘Digital Tax’ Plans Will Hit U.S. Tech CompaniesIf the court concludes that the arrangement was in fact above board, of course it would prove a blow to the Commission’s ability to use state aid rules to punish countries using tax breaks to prop up certain industries. But if Ireland is able to get away with taxing Apple at such a tiny rate – the Commission says it was as low as 0.005% - then the question becomes: How was this permissible under the global tax system?It could prove a useful political tool for Vestager, who in her new mandate as executive vice president in charge of digital policy will also be responsible for European efforts to change the way technology firms are taxed. It may also help pile pressure on the G-20 to finally agree an overhaul of global tax rules. Moves to change the tax framework are reaching a climax. Back in 2013, the G-20 tasked the Organization for Economic Co-Operation and Development (OECD) with developing a solution to the problem known as base erosion and profit shifting, where companies are able to book profits in countries with more favorable tax regimes. The aim was to come up with a common framework that plugged some tax loopholes. The EU has already made some progress to tackle profit shifting by multinational corporations. But G-20 finance ministers will once again consider a more comprehensive multilateral plan when they meet on the sidelines of the World Bank and International Monetary Fund meetings next month in Washington, D.C. The hope is that the proposals will then be formally adopted by the G-20 at its meeting in Riyadh next year.The bone of contention now is essentially over whether to tax revenue or profit. Traditionally, taxes have been levied on profit, but the nature of digital services means companies can more readily shift around where exactly that profit is booked. Take Facebook Inc., for instance. Is the value being generated in the country where a user clicks on an ad? Or is it in Menlo Park, California, where Facebook has its headquarters and where an engineer might have written the code to serve up that ad?In the absence of a broader agreement to combat profit shifting, the U.K. and France are pushing for digital taxes that would target the former, while the U.S. errs in favor of the latter – understandably, since that boosts its own tax revenue. The existing approach has made it easier to claim residency in lower tax regimes such as Ireland. Efforts to come up with a comprehensive European solution to take on the tech giants have so far failed, prompting France and the U.K. to advance with their own taxes on digital companies’ revenue.The OECD is looking favorably on measures that assess whether a firm has a significant economic presence in a country – a combination of its footprint and sales. It’s also likely to take into account factors such as local user contribution (for example, videos uploaded) and where the product was developed. If the OECD’s proposals aren’t adopted by the G-20, then Vestager has to find a way of convincing European member states to agree on a solution. Countries like Sweden and Luxembourg have so far stood in the way of a consensus.Whether at the G-20 or EU level, a victory for Apple would serve as the primary example of why tax reform is needed.To contact the author of this story: Alex Webb at firstname.lastname@example.orgTo contact the editor responsible for this story: Stephanie Baker at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
U.S. District Judge William H. Orrick today issued an order certifying a class of consumers against Apple in a class-action lawsuit accusing the tech company of issuing refurbished replacement products to consumers under its AppleCare and AppleCare+ protection plans, despite promises of “new or equivalent to new” replacements, according to Hagens Berman. As cited in the judge’s order, Apple’s records show it sold more than 3 million AppleCare and AppleCare+ service plans, where it provided at least one replacement device, many of which were remanufactured. The lawsuit, filed July 20, 2016, in the U.S. District Court for the Northern District of California, seeks compensation for iPhone, iPad or iPod owners who bought AppleCare or AppleCare+ coverage.
As markets churn, there’s some unexpected fallout in fund holdings, including classifying Apple, one of the world’s biggest companies, as a “value” play.
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.
Apple has awarded $250 million to Corning, the maker of Gorilla Glass, from a fund to invest in advanced U.S. manufacturing.
Apple on Tuesday deepened its ties with a Kentucky manufacturing plant by awarding $250 million to support Corning Inc.’s continued work to develop glass for iPhones and other devices.
Nearly as rapidly as oil prices spiked Monday, they violently retreated Tuesday amid talk that Saudi Arabia will be able to restore production from weekend drone strikes faster than was previously expected.Source: rafapress / Shutterstock.com Oil stood in the way of market upside yesterday and the commodity's Tuesday tumble did not provide much in the way of relief, indicating that many market participants are taking a wait-and-see approach to what comes out of the Federal Reserve meeting Wednesday. * 7 Momentum Stocks to Buy On the Dip Even before the rate cut news, the Fed was making headlines today, stepping into the repo market by buying $53.2 billion in securities to ease a sudden spike in short-term interest rates.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"The turmoil in the repo market caused a key benchmark for policy makers -- known as the effective fed funds rate -- to jump to 2.25%, an increase that, if left unchecked, could have started impacting broader borrowing costs in the economy," according to Bloomberg.Regarding the Fed's plans for interest rates, it appears likely that a rate cut of 25 basis points will be unveiled tomorrow, but after that, the central bank could be on pause for the rest of this year.With that in mind, traders pushed the Nasdaq Composite higher by 0.40% while the S&P 500 rose by 0.26%. The Dow Jones Industrial Average added 0.13%. In late trading, just 12 of the Dow's components were pointed higher and just four of those names were up 1% or more. Trade TalkWhat was surprising about the logy performances notched by stocks today was that President Donald Trump made some encouraging comments about the potential for a trade deal with China. Perhaps it was the broad time frame that the president gave that kept stocks from rallying. Aboard Air Force One heading to California, Trump told members of the media that a trade deal could happen soon or around the time of the 2020 election.That broad timeline wasn't enough to really jolt tariff-sensitive Dow stocks higher. For example, Apple (NASDAQ:AAPL) and Nike (NYSE:NKE) were sporting negligible gains in late trading, and most of the rest of the day's Dow winners were either defensive stocks or companies that are not heavily dependent on China as a source of revenue.Speaking of China, there was some good news on that front for at least one Dow component today. Boeing (NYSE:BA) was the blue chip index's leader, gaining about 1%, after the aerospace giant boosted its China demand forecast.The company said it expects China to purchase 8,090 passenger jets through 2038, up from a prior forecast of 7,690 planes through 2037. Those new orders will also be a boon to Boeing's services business, which is becoming an important driver of top- and bottom-line growth for the firm. Dow OffendersUnfortunately, Tuesday's Dow offenders is larger than we'd like to see. Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) can be excused due to the aforementioned drop in oil prices.Home Depot (NYSE:HD) lost about half a percent after Guggenheim analyst Steven Forbes cut his rating on the home improvement retailer to "neutral" from "buy." Forbes said the company's current investment initiatives could pay off over the long run, but over short-term, those spending plans could crimp margins."Bottom line, we find it difficult to see a path to earnings before interest and taxes margin expansion in 2020 as both a) investment spending and b) the associated D&A drag are poised to ramp," said the analyst.In what is likely a case of profit taking after major run high, Caterpillar (NYSE:CAT) traded lower today after entering the day with a gain of more than 15% over the past month. The machinery maker has been highlighted as one of the names that could benefit from higher oil prices, so that factor was at play to the downside. Bottom Line on Dow Jones TodayToday's market action wasn't all that surprising when considering the backdrop riskier assets are contending with. The pullback in oil prices could be a positive because there's always a sweet spot for oil companies and consumers. High gas prices could pinch consumer spending, something that would be a detriment to the broad economy, so today's oil retreat is, in a broader context, a positive.The Fed probably obliges with a rate cut tomorrow, but the devil will be in the details regarding how many more times this year the central bank will ease. If the tone isn't to investors' liking, riskier assets could be roiled.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Dow Jones Today: Oil Slides, Investors Wait on Fed appeared first on InvestorPlace.
Apple announced three new iPhones last week. Its new line of iPhones will be critical to its revenue growth in the upcoming holiday season and beyond.
Apple-backed DiDi Chuxing has received a license to operate a fleet of self-driving cars on a pilot basis in part of the Jiading district in Shanghai.
There's not a stock in the market with a more pitched bull and bear divide than Tesla (NASDAQ:TSLA) stock. Bulls cite a massive growth opportunity -- and a company that can help improve life on Earth. Bears point to the company's lack of profitability, a long list of broken promises and an arguably inflated valuation.Source: Hadrian / Shutterstock.com I've long leaned toward the bearish side of the argument (and taken bearish option positions in the stock, though I'm currently on the sidelines) for one simple reason: I don't trust its management. That concern isn't really based on the arguments over the infamous "funding secured" tweet and the still-lengthening list of broken promises.Rather, it comes down to the fact that auto manufacturing is a notoriously difficult and capital-intensive business. As both TSLA bulls and bears will point out (for very different reasons), among U.S. manufacturers, only Tesla and Ford (NYSE:F) have never gone bankrupt.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet Tesla, drama aside, has hardly executed well -- or, in my opinion, been managed well. The company announced in late February it was closing all its stores, then reversed field two weeks later. Prices constantly move around. The decision to avoid model years has created issues in parts and services. This is too difficult an industry to not have detailed strategies and top-notch execution.TSLA bulls for the most part have been forgiving, and chosen to put their faith in CEO Elon Musk. At this point, I wonder whether it's still possible to ignore his critics. Do You Believe in Robo-Taxis?At Tesla's Autonomy Day in April, Musk said the company was on its way to fully autonomous driving. He announced that the company would have 1 million "robo-taxis" on the road by the end of 2020.Musk doubled down on that claim on an investor call a little over a week later. He told listeners that in three years existing Tesla models would be worth $150,000-$250,000. In July, that figure came down a bit, but on Twitter Musk still put the value at $100,000-$200,000. * 7 Momentum Stocks to Buy On the Dip So a key question for anyone considering Tesla stock is this: Do you believe those claims?Few do. TSLA stock actually declined 4% in trading on the day of the Autonomy Day (though, to be fair, it regained those losses the following session). Noted TSLA bull Gene Munster of Loup Ventures said in the context of Apple (NASDAQ:AAPL) that "autonomy is going to take longer than people think." Most auto executives believe it will be at least a decade. Autonomy leader Waymo, a unit of Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL), believes it's even further away.In fact, it certainly doesn't seem like Tesla itself believes its CEO. After all, the company is cutting the price of both the Model 3 and the Model Y. Why, exactly, is Tesla selling "appreciating assets," as Musk termed them, for 40% of the company's low estimate of their value? Tesla closed the second quarter with $5 billion in cash. Surely, it could lower deliveries and either sell the cars at a bigger profit or keep them for an in-house fleet.After all, Tesla is guiding for total production of 10,000 units a week by the end of the year. 500,000 units annually at $100,000 each would be worth $50 billion. That's roughly equivalent to Tesla's current enterprise value. What Does That Mean for TSLA Stock?The dubiousness of Musk's claims in turn leads to another question: Can an investor buy Tesla stock if he or she doesn't believe the CEO?Obviously, many investors believe the answer is "yes." Tesla has a large retail shareholder base. Institutions -- and Wall Street analysts -- in many cases have stuck behind the company, and behind TSLA stock.And maybe the opportunity is such that the stock is worth the risk. After all, an investor could plausibly argue that even if Musk is exaggerating, TSLA stock still has upside. If the robo-taxis are worth $50,000 and won't arrive for a few years, that still suggests potentially higher prices down the line.That might be true. But remember: This is a brutally difficult industry. It requires huge amounts of capital (as Tesla has learned). It requires execution and strategy that are on point.And Musk is making what appears to be a ridiculously optimistic claim about something that is a big part of the Tesla business model -- and the bull case for Tesla stock. This isn't random musing about life on Mars. The 1 million robo-taxis by next year claim was made at an event specifically designed to highlight the company's plans in autonomy. It wasn't an off-hand remark made on an earnings call or at a conference.From here, if an investor can't believe that goal, that investor can't, and shouldn't, own Tesla stock. For now, many investors see it differently. That may not be the case forever.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Can Tesla Stock Investors Trust Elon Musk? appeared first on InvestorPlace.
Apple's new products, Goldman's reservations about the stock, iPhone security issues and its trillion-dollar valuation are the highlights of this roundup.
Shares of mobile chip giant Qualcomm (NASDAQ:QCOM) have done well in 2019. So far this year, QCOM stock is up more than 38%, and it's only September. Even if Qualcomm stock was to trade sideways into the end of the year and finish 2019 up 35%, it will still have been the best year for QCOM stock since 2004.Source: Akshdeep Kaur Raked / Shutterstock.com In other words, Qualcomm stock is hotter in 2019 than it's been in 15 years. Naturally, when a stock is this hot, investors wonder whether the strong performance can continue.I believe there are three main reasons why QCOM stock can continue to trend higher.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFirst, the fundamentals underlying QCOM stock remain favorable and imply that the shares could exceed $90 within the next 12 months. Second, the outlook of QCOM stock is improving and should provide sufficient fuel to push the stock towards $90. Third, the technicals of Qualcomm stock imply that QCOM is in the first few innings of a multi-quarter uptrend. * 7 Momentum Stocks to Buy On the Dip All told, I think the huge 2019 rally of Qualcomm stock will extend into 2020 and potentially even beyond that. As a result, I will remain bullish on QCOM stock for the foreseeable future. The Fundamentals of Qualcomm Stock Are StrongThe first reason the rally of Qualcomm stock will continue is that the company's fundamentals suggest that the shares should continue to climb.QCOM stock has multiple, positive catalysts. Trade-war tensions are easing. With trade-war tensions falling, the global economy is starting to pick up some steam again. There's also a great deal of fiscal stimulus on the way from the ECB and U.S. Federal Reserve. All of those trends should lift the global semiconductor market.With respect to Qualcomm in particular, the company looks poised to win big over the next few years for two major reasons. First, Apple (NASDAQ:AAPL) is QCOM's customer again, meaning the chip maker will again obtain revenue from iPhone sales.Secondly, every smartphone will be 5G-capable, and that will provide a huge lift for Qualcomm's sales and profits, since Qualcomm is the leading global supplier of 5G chips.At the same time, Qualcomm's biggest risk - legislation which may force it to make its licensing contracts with smartphone companies less favorable - has been put on hold.Sure, QCOM stock appears to already reflect all this good stuff. The stock does trade at nearly 23-times its forward earnings, versus the semiconductor sector's average forward earnings multiple of about 15.But over the next few years, QCOM should grow rapidly. According to YCharts, its revenues are expected to rise 15% next year and 20% the year after that, while its EBITDA margin is poised to climb about five percentage points over the next two years. Its earnings per share, meanwhile, is expected to jump 24% next year, and 40% the year after that to roughly $6.If QCOM's EPS reaches $6 in fiscal 2021 and its price-earnings multiple is 25, which is average for semiconductor stocks, QCOM stock price would be $90. The Outlook Is ImprovingThe second main reason that the rally of Qualcomm stock will probably continue is that its improving outlook will drive QCOM stock towards $90 over the next few quarters.For the longest time, Qualcomm stock did nothing. Now it's having its best year in 15 years. From a psychological standpoint, that's meaningful. This large, powerful company didn't grow much for a long time because of the stagnation of the smartphone market and its disputes with Apple.Now the smartphone market is set for meaningful growth again, thanks to the launch of 5G, while QCOM's legal disputes with Apple are over. So the two things which have kept QCOM stock stuck in neutral for the past few years are in the rear-view mirror.Investors should want to continue to buy QCOM stock to benefit from its improved outlook. A stock that went nowhere for several years is now breaking out ahead of what should be the company's best two years in recent memory. That's compelling. The Technicals of QCOM Show a New UptrendThe third main reason that the rally of Qualcomm stock will continue is because its technicals look different this time, compared to those of its prior, short-lived rallies over the past five years. Click to EnlargeSpecifically, in each of Qualcomm's rallies over the past five years, the 50-day moving average broke above the 200-day moving average. But, within a few months of that golden-cross formation, the 50-day moving average started sloping downward.That dynamic isn't playing out this time around.A few months ago, the 50-day moving average of Qualcomm stock broke above its 200-day moving average. As of yesterday, the 50-day moving average was continuing to slope upward. That's substantial from a technical perspective. It means that this breakout of QCOM stock may be the real deal and not just a head fake like its prior rallies. The Bottom Line on QCOM StockI've liked Qualcomm stock for most of 2019, and continue to like it now. The fundamentals, outlook, and technicals are all giving "buy" signs, and when that happens, what comes next is usually more gains.QCOM stock shouldn't be an exception to this pattern. I fully expect its favorable fundamentals, outlook, and technicals to keep QCOM stock in rally mode for the foreseeable future.As of this writing, Luke Lango was long QCOM. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 3 Reasons Qualcomm Stock Can Go Higher appeared first on InvestorPlace.
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of what the 2019 iPad Pro will look like. Today, we'll look at that and other Apple Rumors for Tuesday.Source: View Apart / Shutterstock.com 2019 iPad Pro: A new image may give us a look at the appearance of the 2019 iPad Pro, reports BGR. This image shows off the rear of the device and it looks similar to previous models. However, there is one major difference. The possible 2019 iPad Pro in the image is sporting a triple-lens rear camera. This matches the rear camera found on the iPhone 11 Pro and iPhone 11 Pro Max. We'll have to wait and see if this really is how AAPL plans to refresh the iPad Pro line.iPhone 11 Preorders: A new report claims that the iPhone 11 is the most popular from the 11 line in preorders, MacRumors notes. According to this information, the iPhone 11 makes up 45% of all preorders for the new smartphones. This means that the iPhone 11 Pro and iPhone 11 Max make up the remaining 55% of preorders. That's better than in 2018, when the higher-end smartphones only made up 40% to 45% of preorders.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIndia Investment: It looks like Apple wants to focus on moving more manufacturing to India, reports 9to5Mac. A recent rumor says that the company is investing a total of $1 billion into the country. It looks like it is doing this through its various suppliers. This would help bring more manufacturing to India and allow the tech company to move creation of its devices out of China. That would also help it avoid the ongoing trade war between the U.S. and China.Subscribe to Apple Rumors As of this writing, William White did not hold a position in any of the aforementioned securities.The post Tuesday Apple Rumors: 2019 iPad Pro Design Leaks appeared first on InvestorPlace.
2019 is shaping up to be quite the year in the battle for America's streaming market. Almost every week there's some big piece of news. Different competitors are launching new services, price points, content, hardware, and the like quite regularly.Source: Shutterstock Apple (NASDAQ:AAPL) is the latest entrant, as it has just revealed plenty of details about its Apple TV+ service which will launch later this fall. What will it mean for Disney (NYSE:DIS) stock?Apple isn't the only streaming company making news. Netflix (NASDAQ:NFLX) just announced its latest big move, grabbing the streaming rights for "Seinfeld," starting in 2021 from Sony (NYSE:SNE).InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn a highly competitive market, what is Disney doing to stay ahead of the field? Disney Ties Up With Microsoft, Breaks Up With AppleLast week, as Apple was rolling out its TV offering, one of its board members stepped down from their role. Bob Iger, Disney's CEO, was the departing member. With Apple and Disney now in direct competition, it no longer made any sense for Iger to help oversee Apple's affairs. * 7 Momentum Stocks to Buy On the Dip As Disney distances itself from Apple, it's moving in another direction. Variety reported that Disney and Microsoft (NASDAQ:MSFT) have reached an agreement to work together on a cloud solution using Azure to help Disney produce movies more easily.Disney specifically picked Microsoft because it was focused on the media space. However, unlike rivals, it hasn't been accused of looking at people's data to try to refine their own content. By contrast, who knows what data Amazon (NASDAQ:AMZN) might harvest for use in its original content if Disney had picked Amazon Web Services. Apple's Streaming Threat to DISIt appears that the streaming wars will end up having a major impact on tech hardware producers as well. Apple's latest moves around Apple TV+ suggest as much.Apple will be giving out a free one-year trial to its Apple+ TV service. Analysts expect this to have a negative impact on Apple's earnings. Goldman Sach's analyst, Rob Hall, for example, slashed his price target from $187 to $165 on AAPL stock. Hall suggested that this trial will work, in effect, as a $60 reduction in the sales price for new Apple hardware, significantly lowering the company's average selling price for new products.Apple, for what it's worth, disputed Hall's assessment of the situation and said there would be no significant impact to the company's financials as a result of its Apple TV+ promotion. One certain impact for Apple, however, is that it is losing any friendly ties with Disney. Disney Can Partner With a Variety of Hardware MakersRegardless, Apple's move raises an interesting point for Disney stock. Amazon has long been lumping services together within Prime to try to drive more customer stickiness. Now it seems that Apple and Google (NASDAQ:GOOGL, NASDAQ:GOOG), among others, may rely more heavily on cross-subsidizing its various products and services.This gives Disney a real opportunity as it has a ton to offer hardware producers. It can deliver video, audio (it has Disney Radio and Records among other things), games, and tons of other IP. Yet Disney itself is more hardware-agnostic. This allows it to partner with various TV, phone, and other electronics markers to offer packages emphasizing native Disney content.While Microsoft is not strong in hardware outsize of video games at the moment, Disney's partnership with them shows potential. Disney can work with companies like Microsoft, Samsung, Huawei, and other giants that don't have competing content services.Meanwhile companies like Apple and Amazon that try to control both hardware and content will find themselves increasingly isolated from the rest of the world. Especially given the increasing anti-trust concerns, it seems unlikely that conditions will allow one ecosystem to dominate everything as much as, say, the iPhone did in the past. This gives Disney's streaming a leg up on the offerings from the big tech companies. Disney's Top Rival Is Still NetflixEven with all the excitement out of Apple and Amazon, among others, Disney stock owners shouldn't sleep on the company's biggest rival in streaming: Netflix. We have seen a lot of people saying that Netflix has peaked and that rivals will overtake it soon. I say critics have exaggerated the death of NFLX stock. Netflix is still spending an ever-increasing amount of money on licensing and original shows and movies -- its all-in content budget is up to $15 billion this year. On top of that, Netflix is spending almost $3 billion annually on marketing.With that sort of growth engine in place, it's fanciful to write Netflix off as a serious competitor yet. For people that were doubting Netflix's staying power, particularly with 30-and-40 something viewers after it elected to let "Friends" leave the platform, the arrival of "Seinfeld" should put these concerns to rest. Netflix still has the budget and appetite to go get blockbuster franchises.DIS stock owners need not worry too much. If there's any content player with a library that matches up favorably to Netflix, it's Disney. However, Netflix's huge overseas presence including a ton of locally-relevant content for individual foreign markets will keep Netflix as a top rival to Disney going forward.Like Disney, Netflix doesn't have internal conflicts of interest between hardware and streaming services. That said, Disney could be a better partner for other neutral tech firms than Netflix. It has a much wider array of intellectual property and tangible assets beyond just film and video. Disney Stock VerdictI have long been skeptical of how the streaming battle will play out. It seems like everyone is destined to lose money, at least in the short-run. Pricing on many of these services is very low, and operators are paying exorbitant amounts of money to bring in fresh content. Disney's entries into this space -- like Netflix -- won't be a cash cow from day one.But the eventual winner in this space will be a company willing to play the long game. Disney's combination of a huge range of assets, a strong balance sheet, and its independence from other tech firms give it a strong hand to play. In addition, its aggressive pricing shows it is willing to match Netflix with solid marketing and customer engagement efforts of its own.I don't expect streaming to power overnight success for DIS stock, but I'm warming up to the company's long-term strategy for the streaming wars.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Disney Stock May Have a Secret Weapon in the Streaming Wars appeared first on InvestorPlace.
Apple Inc.’s new iPhones have great cameras and battery life, but the key question remains whether consumers will deem them worth an upgrade.
You may cherish your Roku (NASDAQ:ROKU) device to meet your entertainment needs. But unless you want to get played by shares on the price chart, now is not the time to purchase ROKU stock. Let me explain.Source: AhmadDanialZulhilmi / Shutterstock.com I love my Roku streaming stick. I cut the cable cord with my first Roku device more than six years ago and have never looked back. Now, and with more and more people making the same switch, the future continues to look very good for ROKU.Roku's hardware is the overwhelming platform of choice when watching streaming content from Netflix (NASDAQ:NFLX), Disney's (NYSE:DIS) Hulu and the soon-to-launch Disney+, Amazon's (NASDAQ:AMZN) Prime and AT&T's (NYSE:T) HBO Now. And that's great news.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStill, that doesn't mean there are threats that Roku stock can completely ignore.Front and center, there's always the possibility of competition for the Roku stock price. Others like Apple (NASDAQ:AAPL) have and will continue to try and muscle in on Roku's action. Speaking of which, the tech giant is fighting back once again with the introduction of Apple TV+ and a slew of less-expensive, high-quality original programming for consumers. * 7 Momentum Stocks to Buy On the Dip There's also the market itself to be cautious of when it comes to investing in ROKU.A bit more than a month into a confirmed rally, the S&P 500 has clawed its way back up to an all-time-high this past week as the market moves into the second half of a seasonally difficult September and ever closer to the notorious calendar month of October. And that could have seriously implications for a growth name like Roku stock and its price chart, which is already looking technically suspect for today's buyers. Roku Stock's Weekly ChartIf ever there was a mover and shaker on the price chart, ROKU would undoubtedly be in the running for top honors. That said, volatility is a two-way street. And while just a short time ago shares of Roku could have been played profitably for upside momentum, today is a very different story and the odds are stacked against bullish investors.As the weekly chart shows, Roku shares have established a confirmed bearish engulfing candlestick. Coupled with an incredible market-leading rally off its August bottom, a stratospheric 2019 for shareholders, an overbought and bearish stochastics crossover and technical support well below today's ROKU stock price, bullish investors need to wait before buying.Given the potentially treacherous near-term environment for ROKU, my suggestion is to watch for a leg down into or between the first couple support zones from roughly $127-$130 and $116-$119 for bottoming. A challenge of those key price areas on the Roku stock chart offers investors an opportunity to buy into a great name after a minimum, but much-needed correction of at least 25%.I'd also recommend that instead of simply trying to catch a falling knife into a support zone, investors should wait for the weekly stochastics to support the potential for a bottom. Lastly, locating a reversal pattern -- not unlike those formed in December, April and early August -- makes a good deal of sense before buying Roku stock.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post The Bull Market in Roku is Over -- For Now appeared first on InvestorPlace.
(Bloomberg) -- Mike Muller, the co-founder and chief technology officer of ARM Holdings Plc, will retire at the end of the month, marking an end of an era for the U.K. chip designer.Muller, 60, had served as the Cambridge, England-based company’s CTO for nearly 20 years, according to its website. It wasn’t immediately clear who would replace him, a company spokesman said.ARM was the U.K.’s largest listed technology company, receiving royalties from companies such as Apple Inc. and Samsung Electronics Co., when Masayoshi Son’s SoftBank Group Corp. bought it for $32 billion in 2016. Change came fast after Son’s investment, with the company adding about 2,000 employees and making plans for a new 48-million pound ($60 million) building on the Cambridge campus. Muller had called the building, with a 180-meter (590-foot) long atrium and floating staircases, “quietly understated.”Following the takeover from SoftBank, what was once seen as a successful if sleepy U.K. tech company was soon told to transform itself into a fast-growing startup similar to SoftBank’s other tech investments. Son has said he wants to relist ARM in the next five years and Chief Executive Officer Simon Segars said ARM is investing heavily attempting to break into high-end computing and to become central to self-driving car technology.Last year, the company made its biggest acquisition in 14 years, spending $600 million for a data analytics startup in an attempt to build out its internet-of-things division.Muller was one of about 16 founders when ARM was created in 1990 of which a handful remain. A Cambridge University alum, he also acts as a non-executive director of Cambridge Innovation Capital, which funds companies that start in the school or the “Cambridge ecosystem.”(Updates with details about Son’s investment in the third paragraph.)To contact the reporter on this story: Amy Thomson in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Molly Schuetz, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Apple looks like wants to make another run at an all-time high ahead of earnings. At the same time, near-dated implied volatility (IV) is pretty cheap at around 22%. Thus, I like owning the AAPL October $225 calls for less than $3.
The chip manufacturing giant has reportedly seen lead times stretch for its most advanced manufacturing processes, which are used by Apple, AMD 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.