231.00 +2.00 (0.87%)
After hours: 6:42PM EDT
|Bid||230.15 x 100|
|Ask||231.10 x 500|
|Day's Range||225.86 - 231.10|
|52 Week Range||219.77 - 285.68|
|PE Ratio (TTM)||12.48|
|Earnings Date||May 30, 2018 - Jun 4, 2018|
|Forward Dividend & Yield||7.00 (2.96%)|
|1y Target Est||321.50|
The stock market, for its part, held steady until just before lunchtime in New York, and then began to slide, with the Standard & Poor’s 500 index ending the day down 1.3%. The best-performing sectors were ones that usually do poorly when bond yields rise: utilities and telecoms. For the macroeconomically conflicted—or confused—below are three cheap stocks with ample and fast-growing dividends.
Baidu Inc (ADR) (NASDAQ:BIDU) has been losing steam lately. President Trump signed an executive order that slaps $60 billion in restrictions on Chinese imports. In turn, China has launched its own volley.
In recent months, we’ve seen iQIYI (IQ), Spotify (SPOT), and Dropbox (DBX) end their private lives and go public. Whereas many more companies, including Uber, could follow soon, Qualcomm (QCOM) could go the opposite way, going private.
Paul Jacobs, son of Qualcomm (QCOM) co-founder Irwin Jacobs, is making progress in lining up funding toward his goal of taking the company private, according to reports by CNBC and Bloomberg. Jacobs, former Qualcomm CEO and chairman, could launch a bid for Qualcomm in the next two months. Jacobs decided not to seek re-election for a seat on Qualcomm’s board at the company’s March annual shareholder meeting. Jacobs, who has reportedly received commitments from sovereign wealth funds and strategic investors to finance the takeover of Qualcomm, now sees a ~50% chance of completing a deal.
STMicroelectronics (STM) is scheduled to hold its annual meeting of shareholders on May 31, 2018. Shareholders will be voting on several proposals, including leadership-related matters. They will be discussing cash dividend distribution, the appointment of Jean-Marc Chery as CEO, and the reappointment of certain supervisory board members.
Chipmaker QUALCOMM, Inc. (NASDAQ:QCOM) has been on a wild ride over the past several months. The shares were in a down-trend for most of 2017 until Broadcom Inc (NASDAQ:AVGO) acquisition rumors emerged in October, sending QCOM stock from $50 to $70 in a hurry. Qualcomm stock dropped.
Apple Inc.'s ( AAPL) stock has come back into the spotlight with worries about iPhone demand suddenly resurfacing. It has lead to analysts trimming their estimates for Apple and the stock falling nearly 7% and almost $60 billion wiped off its market cap since April 19. Taiwan Semiconductor Manufacturing Co. Ltd. ( TSM) issued second-quarter revenue guidance that came in lighter than analysts had been forecasting, due to weak smartphone demand. The recent developments have caused shares of Apple and many of its suppliers to fall sharply.
The San Diego-based chip company is paring back its Silicon Valley workforce as it reduces headcount in efforts to cut spending.
LONDON, UK / ACCESSWIRE / April 20, 2018 / Active-Investors.com has just released a free earnings report on Broadcom Inc. (NASDAQ: AVGO ). If you want access to this report all you need to do is sign up ...
And its as the world turns in chips ... Just as the US gave Broadcom's deal with Qualcomm the kibosh, China is now concerned about Qualcomm’s $44 Billion deal to buy NXP Semiconductors - with a commerce ministry spokesman claiming there are "related issues that are hard to resolve," and that it would be difficult to "eliminate the negative impact"... Andy a cryptic statement, coming with the backdrop of a burgeoning trade war with the US and China - what's going on here?
Keith Bliss of Cuttone and Company joins Yahoo Finance editor-in-chief, Andy Serwer, Seana Smith and Julia LaRoche to discuss the latest market moves.
Jim Cramer laments the latest pickup in the U.S.-China trade war and argues that not enough stocks benefit from the conflict.