AAPL Jan 2021 215.000 call

OPR - OPR Delayed Price. Currency in USD
0.00 (0.00%)
As of 3:02PM EDT. Market open.
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Previous Close20.30
Expire Date2021-01-15
Day's Range19.96 - 20.30
Contract RangeN/A
Open InterestN/A
  • Apple plans on paying for exclusive podcasts
    Yahoo Finance Video10 hours ago

    Apple plans on paying for exclusive podcasts

    Apple is reportedly planning to buy exclusive rights to original podcasts. Bloomberg says the company has reached out to media executives, but there's no solid plan yet.The move could have a major effect on podcasting due to apple's large share of the market. An estimated 50-70% of listeners tune in through apple's podcasts app. Yahoo Finance's Adam Shapiro and Julie Hyman discuss with the panel.

  • Apple 13-inch MacBook Pro review (2019): This is the one
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    Apple 13-inch MacBook Pro review (2019): This is the one

    Last fall, Apple finally updated the MacBook Air. The Air was directly pitted against the 12-inch MacBook and the cheapest 13-inch MacBook Pro (sans Touch Bar). Fortunately, Apple simplified things quite a bit last week by discontinuing the 12-inch MacBook and updating the Air and entry-level Pro.

  • Facebook is the riskiest Big Tech company: top strategist
    Yahoo Finance14 hours ago

    Facebook is the riskiest Big Tech company: top strategist

    Facebook investors should really be paying attention to what regulators are saying about the company right now.

  • TSMC Counts on New iPhones for Revival After Trade War Hit
    Bloomberg3 hours ago

    TSMC Counts on New iPhones for Revival After Trade War Hit

    (Bloomberg) -- All eyes will be on Taiwan Semiconductor Manufacturing Co.’s outlook after the world’s largest contract chip manufacturer suffered its worst sales drop in nearly eight years.Analysts expect the company’s third-quarter estimates -- due today after the close of trading -- to point to a revival after it took a hit from slowing demand amid U.S.-China trade tensions. At stake is the stock’s $35 billion rebound in market value since a January low.Apple Inc.’s ramp up of iPhone manufacturing and a new product cycle from Advanced Micro Devices Inc. are seen by Bank of America Merrill Lynch analysts to lift sales, which would also be boosted if President Donald Trump loosens trade restrictions on key customer Huawei Technologies Co.TSMC’s Sales May Swing Back to Growth on Huawei Orders: ReactAnalysts have forecast sales in the period to grow 15% from a quarter earlier, according to the average of 22 estimates compiled by Bloomberg. The company’s shares are up 12% this year, despite being whipsawed as the trade war escalated. They edged 0.6% higher Thursday morning.“The company’s second-half outlook looks to be improving, and third-quarter guidance will probably be strong given that some of the lingering uncertainty has started to fade,” said John Tsai, portfolio manager at Eastspring Investments Ltd. in Singapore. The trade spat between Japan and South Korea may also help TSMC, as Samsung Electronics Co. customers such as Qualcomm Inc. may seek to diversify, he added.TSMC saw sales drop 4.5% year-on-year in the first half, its worst performance since 2011. The company was grappling with the impact of a slowing global smartphone market and efforts by its biggest customer Apple to move beyond hardware. Then the trade war escalated into the U.S. blacklisting Huawei, TSMC’s second-largest customer.Yet its leading position in advanced technology, especially in 5G and artificial intelligence, helped it secure revenue. Chip orders for crypto mining are also expected to help TSMC’s third-quarter sales, according to Morgan Stanley, which recently lifted its target price on the stock by 9%.TSMC investors will also receive a NT$207 billion ($6.7 billion) dividend payout Thursday, according to stock exchange and company statements. The company is aiming for a dividend per share of at least NT$10 to lure value investors, something Bank of America Merrill Lynch analysts Robin Cheng and Mike Yang see as possible in 2020. They argue that rising free cash flow justifies a re-rating of the stock.Here are some highlights of 3Q 2019 estimates:Gross margin: 48.3% (19 estimates)Revenue: NT$276.6b (22 estimates)Net income (GAAP): NT$96.04b (20 estimates)Operating profit: NT$103.5b (15 estimates)Timing: release after market July 18(Updates prices.)To contact the reporters on this story: Cindy Wang in Taipei at hwang61@bloomberg.net;Debby Wu in Taipei at dwu278@bloomberg.netTo contact the editors responsible for this story: Sofia Horta e Costa at shortaecosta@bloomberg.net, David Watkins, Philip GlamannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 3 Myths to Bust About Breaking Up ‘Big Tech’
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    3 Myths to Bust About Breaking Up ‘Big Tech’

    Advocates and opponents of breaking up Facebook, Google and other technology giants are falling prey to some serious misconceptions.

  • Netflix Plunges After Biggest Stumble Since DVD-by-Mail Era
    Bloomberg5 hours ago

    Netflix Plunges After Biggest Stumble Since DVD-by-Mail Era

    (Bloomberg) -- Netflix Inc. shocked investors by reporting a drop in U.S. customers and much slower growth overseas, raising fears that the streaming giant is losing momentum just as competitors prepare to pounce.The shares plunged as much as 13% to $314 in late trading after Netflix reported the loss of 130,000 customers in the U.S. -- the result of higher prices and a weak slate of TV shows. It signed up 2.8 million subscribers internationally in the period, roughly half what the company predicted.“Netflix has a difficult road ahead, with looming competition and the removal of popular content,” said EMarketer Inc. analyst Eric Haggstrom. But a stronger lineup of new shows in the current quarter could help attract former subscribers, he said.The quarter represents the biggest black eye for Netflix since 2011, when the company split its DVD-by-mail business from its streaming business. That move raised prices for its customers, and resulted in the loss of more than 800,000 subscribers in the U.S. The company had planned to call the DVD service Qwikster, but it backpedaled on the plan after investors and customers scoffed at the idea.Netflix said the miss is a one-time blip rather than a long-term problem. The second quarter has typically been its weakest time of year: The company missed its forecast during the period in three of the past four years.Netflix looks to add 7 million subscribers in the current quarter, thanks in part to the return of top shows “Stranger Things” and “Orange Is the New Black.”“Our position is excellent,” Chief Executive Officer Reed Hastings said during a videoconference call Wednesday. “We’re building amazing capacity for content. Our product has never been in better shape.”Heavy SpendingFor now, the second-quarter shortfall is renewing investor concern about the company’s heavy program spending and low profitability. Netflix shelled out more than $3 billion on programming in the quarter and another $600 million to market its shows. The company spent $594 million more than it took in and will need to raise money to fund programming.Investors had been forgiving about the spending and the debt -- so long as customers grew at record rates. But the loss of subscribers in the U.S. was the first since the Qwikster debacle, and it suggests Netflix may be running into price resistance or the limits of the addressable domestic market. The company has forecast it can reach as much as 90 million customers in the U.S., compared with 60.1 million currently.Overseas SlowdownInternational results flagged too, with the company missing its own forecast of 4.7 million new subscribers. Europe, Latin America and Asia have been the primary drivers of Netflix’s customer acquisition in recent years, and growth must be sustained if the company is to justify its high valuation.Netflix is introducing a cheaper, mobile-only package in India to attract customers in a big market with price-sensitive customers.Analysts expect the company to have a blockbuster second half because of a heavy release schedule that includes a new season of “The Crown” and movies by directors Martin Scorsese and Michael Bay. Even after the slowdown last quarter, Netflix still thinks it can have its best year of customer growth in 2019.But competition is coming. Walt Disney Co. and Apple Inc. plan to introduce streaming services this year, while offerings from Comcast Corp. and AT&T Inc. arrive in 2020. Those services may not steal users from Netflix, but they will make future growth harder, according to Michael Pachter, an analyst with Wedbush Securities.Just a Preview?“We saw a preview of next year with this quarter,” Pachter said in an interview with Bloomberg Television. “Next year, they’ll have a couple quarters where they’ll lose subscribers.”Another challenge: Competitors are taking back rights to programs that have been popular on Netflix, including “Friends” and “The Office,” to use for their own services. That will force Netflix to rely even more on its original productions.Those efforts have largely been successful. Its shows just earned 117 nominations for the 2019 Emmy awards. But reruns of old shows still constitute the majority of viewing.The slowdown in users overshadowed the company’s quarterly financial results. Earnings for the second quarter fell to 60 cents a share, but beat analysts’ estimates of 56 cents. Sales grew 26% to $4.92 billion, compared with projections of $4.93 billion.The stock had been up 35% for the year at the close of regular trading, nearly double the gain of the S&P 500. The decline spread to related stocks such as Roku Inc., which makes set-top boxes that deliver the streaming service. Its shares fell as much as 3.6% after hours.(Updates with CEO’s comment in seventh paragraph.)To contact the reporter on this story: Lucas Shaw in Los Angeles at lshaw31@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Earnings Watch: Why Microsoft is suddenly the most valuable company in Big Tech
    MarketWatch5 hours ago

    Earnings Watch: Why Microsoft is suddenly the most valuable company in Big Tech

    It was just a year ago that the debate about trillion-dollar market caps focused on Apple Inc. and Amazon.com Inc., but Microsoft has held that title to itself for more than a month.

  • Apple's Next Move to Take on Spotify
    Motley Fool7 hours ago

    Apple's Next Move to Take on Spotify

    The iPhone maker might invest in some slightly different original content.

  • Technology Stock Roundup: Products, Patents and More
    Zacks7 hours ago

    Technology Stock Roundup: Products, Patents and More

    Some of the product news from last week were about Apple services and iPhones, Facebook Oculus, Intel's 5G patents and Amazon's satellites.

  • Nasdaq Today: Amazon Sold HOW Much During Prime Day?
    InvestorPlace8 hours ago

    Nasdaq Today: Amazon Sold HOW Much During Prime Day?

    It was another mixed trading session on Wednesday, as investors digest a bevy of bank earnings before turning their eyes to different industries and sectors in the coming days and weeks. Given that we went a march to new highs on a seemingly daily basis for a bit, this kind of consolidation, albeit boring, is better than a pullback, right? We saw a 46 basis-point decline in the Nasdaq today, and similar action in other major indices.Source: Shutterstock Big tech remains in focus -- with Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) on Capitol Hill. As the DoJ and others weigh potential antitrust charges against big tech, they are testifying before Congress.It's understandably hard for investors to bid these names higher with that type of event going on. But with Netflix (NASDAQ:NFLX) set to report earnings and the testimonies ending on Wednesday, big tech could be back in favor should NFLX react favorably.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Earnings, Earnings, EarningsThe focus has shifted from the Fed -- which is still expected to cut rates -- to earnings. We've mostly heard from the banks, but the focus will soon broaden. NFLX reports after the close, as does eBay (NASDAQ:EBAY) and International Business Machines (NASDAQ:IBM). We also have Microsoft (NASDAQ:MSFT) on Thursday. * 8 Penny Stocks That Have Fallen From Grace For Netflix, analysts expect revenue to grow 26% to $4.93 billion and for earnings of $0.56 per share. For third-quarter guidance, the consensus is for revenue of $5.23 billion and earnings of $1.03 per share. Of course, with Netflix the key won't just be the top- and bottom-line results. Subscriber growth will play a huge role too. Look to see if management lays out a plan (or at least comforts investors) on the idea that it can still do well without its top two shows next year, Friends and The Office, and amid plenty of growing competition. Prime DayIf only we could get our hands on the specific numbers, but Amazon isn't letting them out. At least, not yet.What we do know is that Amazon sold more than 175 million items during the two-day event -- delivery guys are going to love that… -- while revenue topped that of Black Friday and Cyber Monday combined.Let that sink in for a minute, just to realize how powerful of a sales event this has become.When it comes to e-commerce, Adobe Systems (NASDAQ:ADBE) is left out all too often. That's funny given that the company measures transactions for 80 of the top 100 U.S. internet retailers. According to the company, on Monday, "retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital sales compared with an average Monday."Last year's spike was 54%, so Amazon isn't the only one making out. And before we think it's just the big guys who are winning, Amazon said small and medium-sized businesses "far exceeded" $2 billion in sales. Heard on the Nasdaq TodayOn Tuesday, we noted the partnership between AT&T (NYSE:T) and IBM. Well, AT&T notched another deal, this time with Microsoft. The two have entered into a multi-year cloud and 5G deal worth more than $2 billion. They will collaborate together on 5G products, while AT&T will use Microsoft's Azure cloud platform and its employees will use Microsoft's 365 cloud app bundle.Tesla's (NASDAQ:TSLA) plans in China seem to be coming along faster than many had expected. When the automaker said it was hoping to begin production in Shanghai later this year, it drew the ire from a chorus of doubters. However, a recent trip from Morgan Stanley analysts seems to confirm that production could be up and running "faster than anyone believed."Construction should finish in September, allowing for full production to start in November, according to the analysts. If all pans out well for Tesla, analysts believe it can become the "leading luxury EV player" in the country. And before you assume Morgan Stanley is a mega bull on Tesla, it's not. They have a neutral rating on the stock with a $230 price target.Finally, Apple is testing production of its AirPods product in Vietnam, in what looks like an effort to lower its reliance on China. It will initially be on lower volume as the company works out any issues that may arise, and Apple has asked suppliers to keep their pricing unchanged during the trial. * 5 Top Stock Trades for Thursday: TSLA, GLD, ABT Worth mentioning is that Apple has been producing its regular wired headphones in Vietnam for years, but began production of the AirPods in China.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long AAPL, AMZN, GOOGL and T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Nasdaq Today: Amazon Sold HOW Much During Prime Day? appeared first on InvestorPlace.

  • Technology Stock Roundup: Regulatory Matters Galore
    Zacks9 hours ago

    Technology Stock Roundup: Regulatory Matters Galore

    Regulatory concerns have become real for technology companies as tech innovations pervade our modern existence with lasting impact on our future.

  • EU Probes Amazon As Politicians Hammer Big Tech, But 2 FANGs Are In Buy Zones
    Investor's Business Daily9 hours ago

    EU Probes Amazon As Politicians Hammer Big Tech, But 2 FANGs Are In Buy Zones

    The EU's Amazon probe is part of a global regulatory and political push v. Big Tech, also including Facebook, Google, Apple. Investors should take threats to their business models seriously.

  • Read this before using FaceApp — you give up more personal data than you realize on this Russian-made app
    MarketWatch9 hours ago

    Read this before using FaceApp — you give up more personal data than you realize on this Russian-made app

    FaceApp has gone viral again with a feature that makes users look elderly, but experts say it may pose security concerns.

  • 8 Investment Apps for Young Investors
    InvestorPlace9 hours ago

    8 Investment Apps for Young Investors

    The fintech industry continues to grow by leaps and bounds and with that growth have come lots of new investing apps for investors, young and old, to use in their pursuit of investment returns. In 2018, fintech companies in the U.S. got $12.4 billion in funding, 43% higher than a year earlier. Many of those fintech companies are using the funding to develop apps to make investing and personal finance more accessible and more rewarding. According to CB Insights, there are something like 39 fintechs worth $1 billion or more. Together, those 39 companies are worth an estimated $147.4 billion. InvestorPlace - Stock Market News, Stock Advice & Trading TipsConsumers like to use apps to manage their finances. Data from 2016 suggests the average person uses between 1-3 apps to get the job done. As fintechs continue to create new apps to handle different aspects of our financial lives, I'm sure more young investors will gravitate to them. * 8 Penny Stocks That Have Fallen From Grace With that in mind, here are 10 investment apps for young investors to consider, as they put their hard-earned money to work. AcornsSource: via AcornsThe problem for most young investors is that they don't have a lot of money to invest because of student loans, steep rents, low wages etc. While understandable, the Acorns app allows you to invest your spare change to get the process started. Another exciting service Acorns has developed is Found Money, which uses brand loyalty to build your investment account. So, every time you buy something at one of the Found Money partners, that company credits your Acorns account with the applicable savings. The one thing to be aware of is the fees. Until you get a larger account balance, the monthly fees vary between $1-$3. That is going to seem high. For example, it charges $2 a month for an IRA account. If you have $1,000 in that account, the annual fee is 2.4%. If you have $10,000, that fee drops to 0.24%. E-TradeIf you're going to buy stocks, ETFs, or even mutual funds, you're going to need a discount brokerage account to buy the investments. E-Trade isn't the cheapest discount broker. It charges $6.95 a trade, but gets a 4.5 rating out of 5 from NerdWallet, primarily because of its excellent mobile app, excellent customer support and large investment selection. The discount broker has two mobile apps that are both available on iOS and Android.The E-Trade mobile investing app provides options such as stock screening that help you find the right stocks to buy. It can even be accessed on Apple Watch. The second mobile app is OptionsHouse, the company's options specialist, that lets you make options trades on the go. It doesn't hurt that E-Trade's parent is E-Trade Financial (NASDAQ:ETFC), a company with an $11.4 billion market cap. * 4 Retail Stocks to Buy in Time for the Back-to-School Rush The only downside: you'll pay more per trade if you aren't an active trader. MintSource: Mike Mozart via Wikimedia (Modified)If you can't save any money, you won't be able to invest. That's where Mint.com comes into play. Mint is a free personal finance app from Intuit (NASDAQ:INTU) that helps users track their spending, create a budget, and generally gets you smarter about money. It even lets you know when bills are due and what you can afford to pay. Over 15 million people use Mint in the U.S. and Canada to keep their finances straight. Intuit uses this free app to inform you about its other products such as Turbo Tax, which cost money to use and are also very helpful for saving money. It's an excellent loss leader. It will put you on stronger financial footing if you use it on an ongoing basis. Motif InvestingYoung investors interested in investing apps might want to take a look at Motif Investing, the California tech startup that uses data science and automation to create thematic portfolios that its 350,000 customers can buy with a click of a button. CEO Hardeep Walia found a way to use data science to find the best investment themes and companies benefiting from those themes. If you want to bet on the next great biotech stock, Motif has a portfolio called Feeling Better About Biotech, a basket of up to 30 biotech stocks and ETFs that gives you an appropriate exposure to the industry. For as little as $300 in your trading account, you can own this portfolio of stocks. Motif also has an Impact account. For as little as $1,000 in your account, you can get a fully automated portfolio that aligns with your financial goals and values. The Impact account charges 0.25% annually while the trading account varies from free if you use a next market open trade to as high as $19.95 a trade depending on the type of portfolio you're building. * 7 Stocks Being Inflated by Low Rates If you're interested in owning one or two stocks, Motif is probably not for you. RobinhoodSource: via Robinhood BlogOf the apps listed in this article, Robinhood is the investing app most likely followed and used by millennials. Robinhood officially launched in December 2014. It provides commission-free investing in stocks, options, and cryptocurrencies. Since its founding Robinhood has grown to a customer base of over four million active users, many of them young investors; its average user is 32. Estimates suggest that Robinhood, which counts Snoop Dog as an investor, could be valued at as much as $10 billion. Robinhood came under scrutiny in 2018 when it tried to launch a checking account for its customers that would pay 3%, didn't charge any fees and was covered by the Securities Investor Protection Corporation. The program never got off. It is currently working with regulators to create a cash management plan that will get off the ground.In the meantime, the commission-free service for trading continues to gain popularity with investors. SoFiSource: Shutterstock Its official name at its founding in 2011 was Social Finance Inc. It made student loans. Eight years later, it still makes student loans but has expanded into other areas of financial services, including personal loans, mortgages, bank accounts, and investing products and services. On July 8, SoFi launched Stock Bits, a new service that allows investors to buy fractional shares of popular stocks. If you want to own a dollar's worth of 50 stocks, you now can. It's specifically designed for those who are new to investing. "People are told to 'buy what they like,' but when what they like costs over $100 or $1,000 per share, first-time investors are priced out," said Anthony Noto, CEO at SoFi. "Investing is a financial requirement for achieving financial independence, and it is our focus to remove the barriers to getting started by providing features like Stock Bits for SoFi Invest." * 7 Services Stocks to Buy for the Rest of 2019 SoFi had a challenging year in 2018. Laying off more than 7% of its staff due to weakness in its mortgage products, I believe Stock Bits could be an innovation that lifts the San Francisco financial services company to new heights. StashSource: Shutterstock The Stash Investment App was launched in October 2015. It's premise was simple: provide Americans with the tools, guidance and confidence to grow their savings. Almost four years later, Stash has more than two million people saving and investing using its investing app. For as little as $5, you can own fractional shares in companies you support and believe in. However, we're not done. It also allows you to invest in portfolios of stocks through ETFs for as little as $5. That means you can own some of the most popular ETFs for a fraction of what you'd pay to hold them on your own.The Money Under 30 website recently reviewed the Stash investing app, suggesting it is well made and well designed. Competing with Acorns for the attention of young investors, Stash charges $1 per month until you hit $5,000. It then charges 0.25% annually. In addition to the management fee Stash charges, you also pay the management fee of the ETFs. Like Acorns, it's an app that makes more sense when you get to $5,000 in your account. WealthsimpleSource: Shutterstock Wealthsimple is a Toronto-based robo-advisor that provides ready-made investment portfolios to people in Canada, the U.S., and the UK. Founded in 2014, it now controls 70% of the digital advisory space in Canada and is slowly making inroads in the U.S. where it launched in early 2017. At the end of March, Wealthsimple had CAD$4.3 billion in assets under management and more than 100,000 clients in the three countries where it operates.In March, the company launched Wealthsimple Trade, which provides commission-free investing in Canada for stocks and ETFs. It's the first company in Canada to do what Robinhood's doing in the U.S. It's managed to snag 25,000 users in the first four months of operation; the average age of its users is 31. Like Robinhood, a lot of its users are buying cannabis stocks. The banks are also popular, as are some of the big tech companies like Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA). * 8 Penny Stocks That Have Fallen From Grace Delivering an attractive and easy to use mobile app, expect Wealthsimple to make waves in the U.S. market in the next couple of years. 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 * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 8 Investment Apps for Young Investors appeared first on InvestorPlace.

  • Qualcomm Earnings Still Threatened by FTC Ruling
    InvestorPlace10 hours ago

    Qualcomm Earnings Still Threatened by FTC Ruling

    Qualcomm (NASDAQ:QCOM) stock has its share of challenges.The mobile chip maker saw a nice pop in mid-April, with shares rising from about $57 up to as high as $90 after settling its litigation with Apple (NASDAQ:AAPL). But concerns with a Federal Trade Commission (FTC) antitrust ruling have pushed the stock down to the $65-$75 price level.With government rulings threatening the company's competitive advantage, what is the next move for Qualcomm stock?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Read on to see why QCOM stock is a hold: Good News and Bad News for QCOMThe April Apple settlement boosted Qualcomm stock. After years of an ugly patent dispute, Apple settled, agreeing to pay Qualcomm between $4.5 billion and $4.7 billion and start a six-year licensing agreement.This good news helped push QCOM stock to new highs. Unfortunately, it was chased with a heavy dose of bad news.In May, Qualcomm stock tumbled after a ruling from the FTC. The FTC found that the company was engaging in unfair trade practices, exploiting its size to keep out competition and squeeze cell phone manufacturers. Qualcomm was ordered to license its technology to rival chip makers, negatively impacting the company's "edge."But Qualcomm has received a reprieve: the U.S. Department of Justice (DoJ) has asked the appeals cause to pause the antitrust ruling. The DoJ cited "Qualcomm's critical role in 5G technology in the short-term" as the rationale behind their decision.Does this mean QCOM is out of the woods? Maybe, maybe not. While the DoJ and other agencies believe Qualcomm's market power to be in the national interest, it is clear that QCOM's days of high margin licensing could be over.Without high margins, it becomes tougher to justify Qualcomm's valuation. With nonexistent growth, investors need a reason to keep bidding up QCOM shares. Qualcomm Earnings: Where is the Growth?QCOM last announced earnings on May 1st. For the quarter ending March 31, 2019, sales were down 5% year-over-year (YoY), primarily due to declines in the company's QTL licensing segment (down 8% YoY).Non-GAAP EPS for Q2 FY19 was 77 cents a share, about the same (78 cents) as in Q2 FY18.The company's aggressive share buyback program has been a factor in maintaining EPS. Qualcomm bought back $22.6 billion worth of shares in FY18, and has already bought back $1.02 billion in FY19. The company has $7.8 billion remaining under their current stock repurchase program.Qualcomm has also been able to maintain EPS via cost cutting. As discussed in the last 10-Q, QCOM successfully reduced annual operating costs by $1 billion.But to move the needle, Qualcomm needs organic growth. While the adoption of 5G is a solid future catalyst, it could be years before the new technology reaches critical mass. Qualcomm's investor communications speak little of "game-changers" in the pipeline.However, even with a lack of a growth story, Qualcomm does not trade at a discount. Let's take a look at its earnings multiples relative to peers: QCOM Stock Fairly ValuedCompared to its peers in the semiconductor space, Qualcomm's valuation seems reasonable. QCOM stock trades at 15 times forward earnings, and has a EV/EBITDA ratio of 14.9.Here are the earnings multiple metrics for Qualcomm's peers:Intel (NASDAQ:INTC): 11x forward earnings, EV/EBITDA of 7.3Texas Instruments (NASDAQ:TXN): 20.6x forward earnings, EV/EBITDA of 15.4Broadcom (NASDAQ:AVGO): 12x forward earnings, EV/EBITDA of 14.2With Qualcomm stock trading at EBITDA multiples similar to AVGO and TXN, it is hard to make a value case for QCOM. Until a solid discount to peers emerges, it is tough to find a compelling reason to enter the stock. Bottom Line: Avoid QCOM StockFor investors looking to enter Qualcomm today, the stock is not a buy. Despite the reprieve from the DoJ, Qualcomm's competitive advantage is materially impacted by the FTC decision.If the high operating margins of licensing are impacted, it becomes tougher to justify QCOM stock's current valuation. QCOM could be a buy if it starts trading at a discount to TXN and AVGO, but for the time being the stock appears fairly valued relative to its peers.On the other hand, QCOM could be attractive to dividend investors. As InvestorPlace contributor Brad Kenagy pointed out, QCOM offers a fairly high dividend yield (3.3%). Coupled with the company's buyback strategy, QCOM shareholders could see benefit even if the share price treads water.The next big move in QCOM stock will likely come from the company's earnings announcement on July 31st. Excluding the one-time item from the Apple agreement, QCOM projects quarterly non-GAAP diluted EPS to be between 70 cents and 80 cents per share, down 20-30% YoY.If QCOM exceeds expectations, shares could see a bump. But given they are not out of the woods regarding the antitrust decision, additional upside remains limited.Investors should take all of these factors into consideration before initiating a position in Qualcomm stock.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Qualcomm Earnings Still Threatened by FTC Ruling appeared first on InvestorPlace.

  • Apple Is Shifting Production of One of Its Hottest Products
    Motley Fool11 hours ago

    Apple Is Shifting Production of One of Its Hottest Products

    AirPods take a trip to Vietnam.

  • Wednesday Apple Rumors: Apple Wants Suppliers to Prepare 2020 iPhone Cameras
    InvestorPlace11 hours ago

    Wednesday Apple Rumors: Apple Wants Suppliers to Prepare 2020 iPhone Cameras

    Leading the Apple (NASDAQ:AAPL) rumor mill today is news of 2020 iPhone cameras. Today, we'll look at that and other Apple Rumors for Wednesday.Source: Shutterstock iPhone Camera: Apple is looking to get ready for the 2020 iPhone early, reports MacRumors. The tech company is telling suppliers that it wants Time-of-Flight cameras ready for next year's iPhone. This would allow the iPhone to have better AR capabilities. This is something the company is wanting to focus more on in the future. The 3D sensing camera would be on the rear of the 2020 iPhone.iOS 13 Beta: The newest version of the iOS 13 beta is available to download, 9to5mac notes. This has the fourth version of the iOS 13 beta being available to developers. This is a major update that will bring many new features to the iPhone when it drops. A public version of the beta isn't out yet, but will likely release in the next couple of days. There are also new betas for iPadOS 13, watchOS 6 and tvOS 13 out today.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAirPods Vietnam: Apple is wanting to move AirPods production to Vietnam, reports AppleInsider. The company is reportedly starting test runs for creating the wireless earbuds in the country. This comes as AAPL is shifting its production outside of China. The company is hoping to avoid the growing trade war between the U.S. and China that would hit its products with heavy tariffs.Subscribe to Apple Rumors As of this writing, William White did not hold a position in any of the aforementioned securities.The post Wednesday Apple Rumors: Apple Wants Suppliers to Prepare 2020 iPhone Cameras appeared first on InvestorPlace.

  • Why Facebook Stock Can Still Leap to $300
    InvestorPlace11 hours ago

    Why Facebook Stock Can Still Leap to $300

    Under continued scrutiny by lawmakers but not Wall Street, Facebook (NASDAQ:FB) is once again in position for acquittal and a profitable play for FB stock bulls.Source: Shutterstock The cryptocurrency markets led by bitcoin and etherium were under siege Tuesday following the U.S. Senate's critical view of Facebook's plan to enter the space with its digital currency named Libra in 2020. For their part, OTC-listed Grayscale Etherium Trust (OTCMKTS:ETHE) and the Grayscale Bitcoin Trust (OTCMKTS:GBTC) were slammed 7.25% and 12.75%, respectively.Tuesday's fiery political theater on Capitol Hill against FB stock should come as no surprise. U.S. regulators are already investigating whether the social media platform and fellow tech giants Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Apple (NASDAQ:AAPL) have abused their market positions and hindered competition at the expense of consumers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFacebook's Libra simply adds more fuel to the fire.It stands to reason FB stock would be under pressure given the broader market's mild profit-taking after Trump's latest tweet stating the trade war isn't going to be easily resolved spooked Wall Street. But that wasn't the case.Despite the perceived risks, investors continue to ignore FB stock's headline scares. In Tuesday's session, the indifference added up to a gain of 0.12% in Facebook shares. It's not a lot. Still, the defiant bid does follow a rally of about 28% since U.S. authorities began grilling FB in June. What's more, the longer-term Facebook price chart suggests an even larger rally could be close at hand. FB Stock Monthly Chart Click to EnlargeI last discussed FB stock shortly after U.S. regulators' initial inquiry into the company. A technically favorable price drop on the news which tested 2019's Fibonacci 50% support level has gone on to carve out gains of around 17% over the last few weeks.Now and with shares closing in on their all-time-highs, FB stock is offering investors another opportunity to go long shares.On Facebook's monthly chart, shares recently broke out of a three-month consolidation within the larger corrective pattern as resistance at $198.48 was overtaken. With shares less than 3% above the trigger price, FB stock is still in position for buying.Given the duration and depth of Facebook's year-long and 45% deep cup-like base, an eventual test of Facebook stock's pattern and all-time-high of $218.62 from last July should lead to a breakout to fresh highs. And based on a rough estimate of the base's depth, a projected rally toward $300 is possible by next year. FB Stock StrategyBuy FB stock today. For managing position risk, the recommendation is to size FB stock with a blended stop-loss beneath $180 for protection. If Facebook breaks out to new highs, taking partial profits in-between $225 - $235 is a good start to reducing exposure as well.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any 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 options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Why Facebook Stock Can Still Leap to $300 appeared first on InvestorPlace.

  • Apple, Google unveil new emojis
    CBS News Videos4 hours ago

    Apple, Google unveil new emojis

    In celebration of "World Emoji Day", Apple and Google are previewing a new collection of emojis coming this fall. Melissa Thermidor, who was instrumental in creating the "Blood Drop" and "Interracial Couple" emojis, joins CBSN's Tanya Rivero to discuss the creation process.