167.62 +0.01 (0.01%)
After hours: 5:57PM EST
|Bid||167.10 x 1400|
|Ask||168.43 x 1800|
|Day's Range||167.21 - 173.29|
|52 Week Range||167.21 - 284.22|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||13.06|
|Earnings Date||Feb 11, 2019 - Feb 15, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||251.30|
Unity, the same company whose 3D gaming engine brought you Cuphead and Hearthstone is now helping Chinese internet giant Baidu develop the next generation of autonomous vehicles, the two companies announced on Tuesday.
PayPal’s (PYPL) trailing-12-month gross margin is 48.67% compared to the industry and sector averages of 40.63% and 43.56%, respectively. PayPal’s five-year gross margin is 49.69%.
NIO (NIO), the Chinese electric car company, held its NIO Day 2018 on Saturday, December 15 in Shanghai. On this occasion, the company also launched its second mass-market electric car, the ES6. However, NIO investors don’t seem to be pleased with the new car, as its stock traded on a negative note on Monday after the car launch.
“Black Monday” refers to the stock market crash on Monday, October 19, 1987. The crash was pre-empted by investors’ fears that the broader market (VTI) was entering a bear market cycle and concerns about slowing economic growth. Other negative global factors also played a role in the crash. On Black Monday, the S&P 500 saw (SPY)(QQQ) about 20.5% value erosion in a single day.
Yandex (YNDX) recently rolled out its cloud computing service across Russia, following a limited launch in September. Yandex’s service, Yandex.Cloud, is an attempt to diversify its revenue outside of advertising. In the third quarter, advertising accounted for 80% of Yandex’s total revenue, and 86.1% and 80.5% of Alphabet’s (GOOGL) and Baidu’s (BIDU). Yandex’s business diversification push has also focused on the hardware, e-commerce, and ride-hailing markets.
During a stock market correction, investors should exercise patience and discipline, while focusing on the strongest-performing stocks.
Yandex (YNDX) has launched two e-commerce marketplaces, with one dedicated to enabling Russians to purchase goods from overseas retailers, and the other focused on facilitating purchases from domestic retailers. The international-focused platform, Bringly, offers Russian consumers access to more than 4.0 million items in categories ranging from clothing to beauty products.
Yandex (YNDX) recently launched its first Android-powered smartphone, the Yandex.Phone, a move that has expanded the Russian-language Internet search engine company’s business further into the hardware market. Yandex also sells smart speakers, under the Yandex.Station brand.
Alphabet’s (GOOGL) Google is shaking up its YouTube business in a fashion that suggests selling ads may be more lucrative than selling content subscriptions. The shakeup involves Google ending the practice of restricting access to YouTube original content to paid subscribers. There is a paid subscription service called YouTube Premium that costs $12 a month and offers ad-free access to all videos on YouTube plus exclusive access to originals.
This adds to iQiyi’s $1.4 billion cash holding at the end of the third quarter. The company’s content costs rose 66% to $875.5 million in the third quarter, accounting for 88% of total revenue. Content costs jumped 47% and accounted for 76% of total revenue in the second quarter.
The broader market sell-off is intensifying as US-China trade uncertainties and concerns over the slowing global economy are badly hurting investors’ sentiments. However, some stocks are still giving investors a reason to celebrate.