|Day's Range||21.50 - 21.65|
Former Secretary of Defense Ash Carter explains why the Department of Defense needs to up its game and recruit tech talent from Silicon Valley.
Jun.18 -- Apple Inc. could be seeing weaker-than-expected demand for its iPhone product line, especially in China, where trade tensions have been weighing down sales, according to analyst projections. Selina Wang reports on "Bloomberg Markets: China Open."
Apple CEO Tim Cook gave a speech to Stanford graduates this weekend. In addition to the usual motivational stuff, he attacked other big tech companies in a not-so-subtle way. Fueled by caffeine and code, optimism and idealism, conviction and creativity, generations of Stanford graduates and dropouts have used technology to remake our society,” Cook said.
The latest report from renowned Apple leaker Ming-Chi Kuo already has an eye on 2020 and beyond. The news lines up with other reports around future iPhones, noting that the high-end versions of the handset are set to get 5G in the second half of next year. Of course, those companies (including Samsung, LG and even OnePlus) may be putting the cart before the horse, with wireless carriers providing extremely limited access to the tech through the end of 2019.
A new survey by Adobe’s digital research group finds a surprising drop in U.S. ownership of smart speakers from companies like Amazon, Google, and Apple. Are Americans suddenly getting privacy conscious?
Apple (AAPL) will require developers to place its Login button above rival buttons from Facebook (FB) and Google (GOOGL) in the app they create for distribution through its App Store. According to a report from Reuters, this requirement centers on Apple’s efforts to tighten data privacy for its customers.
Apple is one of the largest public companies in the world, but its pace of innovation is slowing. If you're thinking about buying Apple stock now, this is what the fundamental and technical analysis show.
On the surface, the gains notched by the major U.S. equity benchmarks to start the week were not all that impressive. The Nasdaq Composite led the way, climbing 0.62%, while the S&P 500 and the Dow Jones Industrial Average each finished higher by 0.09%.Source: Shutterstock However, there were pockets of excitement throughout the market today, helped by the return of Merger Monday. Dow component Pfizer (NYSE:PFE), one of the largest U.S. pharmaceuticals companies, is looking to bolster its oncology offerings by acquiring cancer treatment maker Array BioPharma (NASDAQ:ARRY) for $48 a share in cash, putting an enterprise value of about $11.4 billion on the company.Pfizer has one of the larger cash stockpiles among the major U.S. pharmaceuticals companies and checks many of the quality boxes. However, there are some concerns the Array deal could be credit negative.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCredit ratings aside, traditional pharmaceuticals companies need growth, and buying makers of cancer drugs is one avenue for delivering that growth. Other ChatterApple (NASDAQ:AAPL) stock, always a widely watched bellwether as it is the largest technology name in the Dow, traded modestly higher Monday although some analysts expressed concern about the impact of the China trade war on the stock and how the company is positioned for a fuller 5G rollout next year. * 7 Top-Rated Biotech Stocks to Invest In Today "JPMorgan analyst Samik Chatterjee cut his forecast for iPhone shipments for the next few quarters by 4%, and trimmed his price target on the stock to $233 from $235," reports Barron's. "But he maintains an Overweight rating on the shares, asserting that the trade tensions are likely to be resolved."Sticking with Dow technology names for a moment, Intel (NASDAQ:INTC), one of the largest semiconductor makers, is trying to snap out of a funk that has the stock down nearly 15% in the current quarter. Much of that tumble is attributable to semiconductor companies' sensitivity to the trade war with China, but for long-term investors, there are reasons to be optimistic about Intel."We concede that 2019 will be strenuous for Intel because of macro weakness, U.S.-China tensions, and share loss, but overall revenue growth should eventually stabilize," said Morningstar in a recent note. "As Intel gets back on track in 2020 with its 10-nm Ice Lake server parts, we think its data center group, or DCG, will enjoy average top-line growth of 10% through 2023."Boeing (NYSE:BA), a frequent guest in this space and the Dow's largest component, was the blue-chip index's best performer Monday, adding 2.2%. The company said it has no plans to rename the controversial 737 max passenger jet.At the Paris Airshow Monday, the aerospace giant boosted its 20-year demand forecast for passenger jets to $6.8 trillion, up from a previous estimate of $6.3 trillion."The world's largest planemaker said at the Paris Airshow it expected 44,040 new airplane deliveries over the next two decades, up from the roughly 43,000 it forecast a year ago," according to Reuters. Bottom Line on the Dow Jones TodayOverall, a little under half of the Dow's 30 components closed higher today, hardly a great percentage and risks remain for investors to consider. Looking out to later in June, FedEx Corp. (NYSE:FDX) reports fiscal fourth-quarter results on June 25, and while the freight shipping company is not a member of the Dow Jones Industrial Average, it is a member of the Dow Jones Transportation Index, and a bellwether stock at that.Mired in a slump that has seen the shares slide almost 5% this month, FedEx stock lost another half percent Monday after JPMorgan lowered its price target on the stock to $184 from $202. Tennessee-based FedEx has been a guidance offender multiple times over the past year and it appears that bad news is poised to continue.Again, FedEx is not a Dow stock, nor is it the largest company in the U.S. Not even close, but transportation names are historically accurate gauges of economic sentiment the market's tolerance for risk so there could be some tests coming for stocks before June ends.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post Dow Jones Today: Almost a Case of the Mondays appeared first on InvestorPlace.
Apple (AAPL) continues to receive challenges to its app business practices. After the US Supreme Court cleared a consumer-led antitrust lawsuit tied to Apple’s app business to proceed last month, a fresh lawsuit targeting the same business has been filed in California.
Today at 10:24 AM ET, Apple (AAPL) was trading on a positive note with nearly a 1.0% gain for the day. At the same time, the S&P 500 Index, the NASDAQ Composite Index, and the Dow Jones Industrial Average were up 0.3%, 0.7%, and 0.2%, respectively.
When folks think of the Berkshire Hathaway (BRK.B) portfolio and its collection of holdings, most of which were selected by Chairman and CEO Warren Buffett, the companies that most readily come to mind are probably American Express (AXP), Coca-Cola (KO) and, more recently, Apple (AAPL).But a deep dive into Berkshire Hathaway's equity holdings reveals a more complicated picture.Berkshire Hathaway held positions in 48 separate stocks as of March 31, according to regulatory filings with the Securities and Exchange Commission. But the portfolio of "Buffett stocks" isn't as diversified as the number might suggest. In some cases, BRK.B holds more than one share class in the same company. Some holdings are so small as to be immaterial leftovers from earlier bets the Oracle of Omaha has yet to completely exit.And perhaps most importantly, Berkshire Hathaway's equity portfolio is actually pretty concentrated. The top six holdings account for almost 70% of the portfolio's total value. The top 10 positions comprise nearly 80%. Banks and airlines, to cite a couple of sectors, carry quite a load in this portfolio. Then there's the fact that several Buffett stocks actually were picked by portfolio managers Todd Combs and Ted Weschler.Here, we examine each and every holding to give investors a better understanding of the entire Berkshire Hathaway portfolio. SEE ALSO: The 19 Best Stocks to Buy for the Rest of 2019
, which last week cut its sales guidance for its current fiscal year by $2 billion due to both a Huawei parts ban and weaker demand from other clients, will see its chip sales to Apple bounce sharply next year. Analyst Ming-Chi Kuo, who has had a fairly high accuracy rate over the years when it comes to Apple product scoops, says that Apple plans to launch 5.4-inch and 6.7-inch flagship iPhones in 2020, along with a new, relatively low-cost, 6.1-inch iPhone (by comparison, the iPhone XS and XS Max have 5.8-inch and 6.5-inch displays, respectively).
Wall Street is on tenterhooks this week, waiting for two big catalysts to hit. First, they're waiting on a Federal Reserve policy decision at a time when the markets are screaming for a rate cut. And second, they're watching for a possible meeting between U.S. President Donald Trump and Chinese President Xi Jinping on the sidelines of the G20 meeting later this month.As a result, the Dow Jones Industrial Average is in a holding pattern above the 26,000 level -- continuing a sideways shuffle that has been in effect since January 2018. If a breakout is going to happen, it's now or never as a breakdown could well call into question the vitality of this 10-plus-year bull market. * 7 Top-Rated Biotech Stocks to Invest In Today Last week, I highlighted several Dow components that were looking weak. Today, let's look instead at components that are ready for an upside move. Here are four to watch:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dow Jones Stocks to Buy: Apple (AAPL)Apple (NASDAQ:AAPL) shares are pushing higher, testing above their 50-day moving average and looking longingly at the $200-a-share level lost back in early May. Now, the company is vulnerable to a worsening of the U.S.-China trade standoff. It could potentially get hit in both directions: first on a risk to its China-centered supply chain and second, with its image as an American tech giant in the eyes of Chinese consumers. However, hype is also building for the launch of the iPhone 11 later this year. Further, the company is looking to introduce two 5G phones in 2020.The company will next report results on July 30 after the close. Analysts are looking for earnings of $2.10 per share on revenues of $53.5 billion. When the company last reported on April 30, earnings of $2.46 per share beat estimates by 10 cents on a 5.1% decline in revenues. Boeing (BA)After months of malaise following two fatal crashes of its 737 MAX, a resulting regulatory grounding, and long-term damage to the company's image, Boeing (NYSE:BA) shares have stabilized. They now look ready for a possible push back above its 200-day and 50-day moving averages. At some point, all the bad news gets priced in. The latest reports are that the FAA is expected to soon begin flight trials of the fix for the 737 MAX.The company will next report results on July 24 before the bell. Analysts are looking for earnings of $1.81 per share on revenues of $19.6 billion. When the company last reported on April 24, earnings of $3.16 missed estimates by three cents on a 2% drop in revenues. Disney (DIS)Disney (NYSE:DIS) shares are threatening to push up and over their prior high from late April, aiming for new record highs. Analysts at Citigroup recently upgraded the stock and assigned a $160-a-share price target, a move that would be worth a gain of nearly 15% from here. A successful opening for the new Toy Story 4 movie would help motivate such a move.The company will next report results on Aug. 6 after the close. Analysts are looking for earnings of $1.77 per share on revenues of $21.5 billion. When the company last reported on May 8, earnings of $1.61 beat estimates by four cents on a 2.6% rise in revenues. Home Depot (HD)Shares of home improvement retailer Home Depot (NYSE:HD) are threatening to break up and out of a two-year long consolidation range with a push above the $210-a-share level. Lower long-term interest rates in recent months is helping reverse a slowdown in the U.S. housing market, with the company benefiting form the pickup in activity as both buyers and sellers focus on everything from new appliances to gardening.The company will next report results on Aug. 20 before the bell. Analysts are looking for earnings of $3.09 per share on revenues of $31 billion. When the company last reported on May 21, earnings of $2.27 beat estimates by eight cents on a 5.7% rise in revenues.As of this writing, William Roth did not have a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post 4 Dow Jones Stocks Ready to Rise Â Â Â Â appeared first on InvestorPlace.
Apple is in talks with Intel (INTC) about purchasing the chip company’s smartphone modem business, according to a report from The Information citing people familiar with the matter. Intel said in April that it would exit the smartphone modem business, and it later announced its intention to sell the business.
In the week that ended on June 14, US tech giant Apple (AAPL) continued to trade on a positive note for the second week, but its rally slowed. Last week, Apple stock inched up 1.4% after a solid 8.6% gain in the previous week.
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of what the 2020 iPhone may be like. Today, we'll look at that and other Apple Rumors for Monday.2020 iPhone: New rumors may reveal what Apple has in mind for the 2020 iPhone line, reports MacRumors. This rumor comes from analyst Ming-Chi Kuo, who has a solid track record when it comes to leaking AAPL's plans. He claims that the company will release three smartphones next year. According to Kuo, each of these devices will come with an OLED screen. He also says that 5G will be available on the 5.4-inch and 6.7-inch versions. Kuo notes that the 6.1-inch model will only offer LTE.Movie Making: A recent report claims that Apple is planning to release six movies a year, 9to5Mac notes. This rumor claims that the tech company is planning to release several small budget films each year. It notes that the tech company is looking for each of the movies to have a budget of $30 million. This rumor also says that AAPL is hoping to take home some Oscar nominations and awards for these films.InvestorPlace - Stock Market News, Stock Advice & Trading TipsiOS 13 Beta: A new version of the iOS 13 beta is now available for download, reports BGR. This marks the second release of a beta version of iOS 13. Anyone wanting to take part in the beta can do so, but there are different versions for developers and public testers. The developer version usually comes out first and the public beta follows a couple of days later. While AAPL releases may betas throughout the year, this is a much bigger one. It will include loads of new features for users to take advantage of.Check out more recent Apple Rumors or Subscribe to Apple Rumors : RSS As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post Monday Apple Rumors: What Can We Expect From the 2020 iPhone appeared first on InvestorPlace.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into what we know about Google (GOOGL) and Microsoft's (MSFT) cloud gaming plans