|Bid||217.50 x 1100|
|Ask||217.62 x 900|
|Day's Range||216.11 - 221.77|
|52 Week Range||143.43 - 222.75|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||34.84|
|Earnings Date||Jan 28, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||246.00|
Stock futures plunged as coronavirus fears hit the stock market rally. Apple earnings are on tap this week. So are AMD, Facebook, Microsoft and Tesla earnings
Earnings seasons is chugging along and this week brings mammoth tests for the high-flying communication services and technology sectors. Consider this week of “not fooling around” earnings reports because ...
The former first lady says there’s reason to believe Facebook’s “not just going to reelect Trump, but intend[s] to reelect” him.
The Dow Jones Industrial Average increased more than 22% in 2019 and is already up 2.2% through three weeks of 2020, but it is about to face its biggest test of the young year, and potentially many years.
Despite a challenging regulatory environment, growing antitrust scrutiny, ad targeting headwinds, the social media behemoth is poised to announce strong second-quarter results.
Content moderators working at a European facility for Facebook have been required to sign a form explicitly acknowledging that their job could cause post-traumatic stress disorder, according to documentation and employee confirmation obtained by the Financial Times. The facility, which is operated by global professional services company Accenture, hosts roughly 400 content moderators who trawl through hundreds of disturbing images and videos — ranging from bestiality and child abuse to hate speech, self-harm and terrorism — across Facebook and Instagram every day. The moderators’ jobs entail making granular decisions about why each image or video is objectionable.
After more than two decades as a top corporate lawyer and lobbyist, she took a golden parachute retirement package from her position as vice president of external affairs and policy at Consolidated Natural Gas. Build your network.
DEEP DIVE It’s happening again: The financial media is touting a potential shifting of investors to value stocks from the growth stocks that have propelled the extended bull market in the U.S. This last happened in September and October, though the value buzz ended up being short-lived.
Amazon has boosted its position as the world’s most valuable brand surpassing Google, Apple and Microsoft, according to a global report.
(Bloomberg) -- Companies in the Nasdaq 100 are headed into earnings season with momentum that approaches the unprecedented, their value up by more than $1 trillion since October.Now the world finds out if the rally made any sense.Twenty-six constituents are due to report quarterly results next week, including three of the four biggest U.S. companies, over one blistering 48-hour stretch starting Tuesday. With trillion-dollar-plus market capitalizations and a doubling in Apple Inc. since 2018 to account for, it’s possible investors will be in a less-forgiving mood than usual.As things stand now, Nasdaq stocks are perched at the highest forward valuation since 2007 and investors are getting progressively less patient with failure. Already this reporting season, companies in the broader market whose sales and earnings trailed analyst estimates have seen their shares pummeled the next day by the most in five quarters.“The market isn’t going parabolic, but some of these tech stocks really have,” said Randy Frederick, a vice president of trading and derivatives at Charles Schwab. “If you miss the bar, you’re going to get punished, no question about that.”A four-day week before the landing of big tech earnings saw the Nasdaq 100 slip 0.4% as stocks wavered amid concern over the spread of a virus that started in China. Seven straight weeks of gains have pushed the index to 23 times its forecast earnings, about 30% higher than its 10-year average. That valuations are stretched doesn’t mean stocks can’t rally further. It does raise the drama headed into earnings season.The latest leg of the bull market has come at a time when overall earnings have stopped rising for most industries -- the reason valuations have swelled so much. While the index rose every quarter of 2019 in terms of price, profits fell in two and are now forecast to contract in a third. Given the Nasdaq surged 38%, investors have obviously been OK looking past those numbers. But any indication that 2020’s expectations are optimistic may be taken poorly by stock bulls.That dynamic is writ large in the tech industry, where earnings have dropped 3% or more in each of the past three quarters. Computer and software makers are expected to post a 0.8% profit contraction in the three months through December. Early returns have been encouraging. Texas Instruments, a bellwether for chip stocks, posted results that topped estimates. Intel Corp. reported sales guidance that came in above industry trends.Despite the recent quarterly hiccups, combined net income of five largest tech companies -- Apple, Amazon, Microsoft, Alphabet and Facebook -- totaled $40 billion in the third quarter, 38% above the same period two years ago.“Multiples have expanded, but quarter-over-quarter these companies continue to grow earnings and that’s the whole key,” said Gary Bradshaw, a Texas-based portfolio manager at Hodges Capital Management, who owns shares of Apple, Microsoft, Amazon and Facebook. “It’s one of the areas in the marketplace where you’re seeing good growth. This isn’t 1999 or 2000 when you were valuating those tech stocks on eyeballs.”The cost of falling short has risen as well. A broader gauge of tech, online retail and Internet services stocks dropped 0.9% the day after reporting a miss on second-quarter sales and earnings per share, data compiled by Credit Suisse show. In the third quarter, the average slump was 6.8%.Apple will release quarterly figures on Tuesday, and analysts are focused on how the firm fared during the holiday season and dealt with uncertainty around tariffs. Microsoft, up 62% since the start of 2019, reports Wednesday. Investors will see whether the demand for its cloud-computing programs remains strong. Facebook, which has rallied 66% over that stretch, reports the same day.“I’d expect a little more leadership out of value-oriented sectors, more economically sensitive parts of the market,” Jeff Kleintop, chief global investment strategist at Schwab Center for Financial Research, said by phone. “I think investors seem to be comfortable with sticking with the leaders that got them here, at least for the time being,”\--With assistance from Wendy Soong.To contact the reporters on this story: Elena Popina in Hong Kong at firstname.lastname@example.org;Sarah Ponczek in New York at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Chris Nagi, Richard RichtmyerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Technology sector ETFs are in for a big week ahead as tech stock “Cadillacs” are up to bat. While investors were initially put off by the lackluster quarterly report out of Netflix (NasdaqGS: NFLX) on ...
With Facebook stock trading near record highs, the social media giant reports fourth-quarter earnings on Wednesday, as Wall Street analyst hope to get a clearer picture on the year ahead.
Buying the right stocks at the right time is key to investing. Check out Costco Wholesale, Vertex Pharmaceuticals, Axon Enterprise, Cirrus Logic and Coupa Software.
The Trade Desk (NASDAQ:TTD) started off with a focus on advertising through internet-based platforms. It quickly grew to be an independent force to be reckoned with in the world of buying online advertising. Helping clients to buy and manage digital advertising campaigns on websites and social media sites like Facebook (NASDAQ:FB) has propelled TTD stock to massive 993% growth in value since the company went public in September 2016. For the next stage of growth, the company is looking to one of the hottest categories in tech: streaming video.Source: Shutterstock/ Bella Melo The twist is, The Trade Desk is counting on consumers to be overwhelmed by the sheer number of paid streaming services. As companies launch free, ad-based options to combat "subscription fatigue," The Trade Desk will be there to help clients buy advertising slots. Streaming TV Subscription Fatigue2019 will go down as the year that the battle for streaming TV dollars truly launched. Netflix (NASDAQ:NFLX) faced a flood of new competing services from some of the world's biggest media and tech companies. Notably, last fall Apple (NASDAQ:AAPL) launched Apple TV+ and Disney (NYSE:DIS) launched its Disney+ streaming service. The new services have resulted in fragmentation of content. Consumers can no longer see all their favorite shows on Netflix; if they want to watch Marvel movies, they also need a Disney+ subscription. The Office -- the most popular show on Netflix -- is leaving for Comcast's (NASDAQ:CMCSA) NBCUniversal Peacock streaming service.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith all of these streaming video services, a new term is growing in popularity: subscription fatigue.Consumers signed up for Netflix to escape paying big monthly cable bills. But how many streaming video subscriptions are they willing to pay for before frustration sets in? * 7 Exciting Tech Stocks With International Flair Ad-Supported StreamingMedia companies are betting that consumers will be willing to sit through an ad or two, if it means they can access a streaming service for free. Perhaps the biggest (or at least highest profile) salvo in this new free streaming scheme was launched at the start of this week by NBCUniversal. The company announced its new Peacock streaming service, which will become the exclusive home of The Office, as well as other popular NBC shows including Parks and Recreation and Brooklyn Nine-Nine. Besides the expected paid subscription options, Peacock will be available as a free, ad-supported service for Comcast cable's 20 million customers. This is where there's opportunity for The Trade Desk, and corresponding upside potential for TTD stock. It's what the company refers to as Connected TV (or CTV), and The Trade Desk has a Connected TV service in place, ready to help advertisers buy and manage ads on streaming services. Advertising is already a growing business on Connected TV. Look no further than Roku (NASDAQ:ROKU) for proof. Many of the channels on that platform are free, ad-supported content. That advertising revenue was a primary driver of Roku's stock growth in 2019.In December, while retailers were focused on Black Friday sales numbers, The Trade Desk was tracking ad impressions for various platforms. And according to TTD's numbers, ad impressions for Connected TVs on Black Friday increased 105% compared to 2018.Last quarter, The Trade Desk reported Connected TV ad revenue grew 145% year-over-year. And the company has signed deals with Roku, Disney, Comcast and Amazon (NASDAQ:AMZN). It's a market expected to be worth over $10 billion by 2021, and TTD is there to help clients buy and manage advertising with its Connected TV system. * 10 Recession-Resistant Services Stocks to Buy Bottom Line on TTD StockWill 2020 be the year that The Trade Desk's CTV ad business takes off? And if so, will this have a material effect on the company's bottom line? The Trade Desk is betting this will happen, and its Connected TV system is in place to take advantage of the growing number of free, ad-based streaming video services. Investment analysts aren't entirely convinced. Among those polled by CNN Business, TTD stock is a consensus "buy." However, their median 12-month price target of $292.50 -- an upside of just 4.2% over the current $280.39 -- suggests they don't see that CTV ad business exploding this year. That being said, if free ad-based streaming TV takes off with consumers, it seems like only a matter of time before TTD reaps the benefits.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post Trade Desk Stock Is Positioned to Ride the Streaming Video Wave appeared first on InvestorPlace.
Co-founder and CEO Marco Zappacosta wants to make it more convenient than ever to hire local service professionals.
The World Economic Forum said it is putting together a consortium to write guidelines for cryptocurrency governance. The news lifted the price of Bitcoin.
Snap (NYSE: SNAP) stock has been all over the map since its 2017 IPO. After a horrendous start to its life as a public company, Snapchat stock has skyrocketed nearly 200% in the past year.Source: Ink Drop / Shutterstock.com Snap's recent earnings reports suggest the company is finally on the right track when it comes to consistently growing and monetizing its users. But with fourth-quarter earnings right around the corner, investors should consider taking some of their big gains off the table in the near-term just to be safe. Snap Is Not a LeaderSnap's nearly 200% one-year gain heading into its Q4 earnings, due to be reported on Feb. 4, is the type of rally more likely to be delivered by a company that is dominating its industry and swimming in cash. There's no question Snap has made tremendous strides in the past year, but it's far from the leader of social media.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs of October, Snap had about 314 million active users. Facebook's (NASDAQ: FB) flagship website is the clear social media leader with 2.4 billion users. YouTube has 2 billion users, Instagram has 1 billion users, Reddit has 330 million, and Twitter (NYSE: TWTR) has 330 million. Even relative newcomer TikTok has 500 million users.But Facebook isn't just beating Snap in the user department. It's also beating Snap in monetizing its users. In its most recent reported quarter, Facebook's average revenue per user (ARPU) was $7.26. That number is ahead of Twitter's $5.68 and Snap 's $2.12. Not only is Snap well behind the competition in ARPU, but its ARPU is only up about 5 cents from the fourth quarter of 2018. * Invest in America's Most Trusted Brands With These 7 Stocks to Buy At one time, Snap was considered the best way for advertisers to reach the coveted demographic of consumers under the age of 30. However, Instagram now dominates that demographic, and TikTok is growing the fastest in the category. Opportunities AheadDespite Snap's weaknesses, Bank of America analyst Justin Post says there are plenty of things to love about the company. The biggest change in Snap from a year ago is that its user growth has accelerated.In Q3, its daily active user growth jumped to 12.9% from around 4.5% in the same period of 2018.Post says that, given the combination of its user growth and its opportunities to close the monetization gap with Facebook and others, Snap stock can climb further."Snap still has a big opportunity ahead with a growing Millennial/Gen Z user base that spends 30+ minutes per day on the app, much more time than social peers," Post says.Post estimates that Snap's revenue can rise by 40% in 2020, with its ARPU increasing 26%."Snap likely has a small fraction (of the) social advertisers on Facebook, and we think closing this difference can close the sizable advertising [cost per thousand impressions] gap to peers," Post says.By adding advertisers and implementing new content strategies such as Discover content and Dynamic Products ads, Snap should be able to make its business much more efficient in 2020.Bank of America has a "buy" rating and a $22 price target on Snap stock. Are the Positive Catalysts Already Priced In?The million-dollar question for investors is what is already priced into Snapchat stock after its huge rally.The average analyst estimate is calling for Snap to roughly break even on EPS in 2020 after reporting an 18 cent per share loss in 2019. Even looking ahead to 2021, analysts, on average, are estimating EPS of only 26 cents. That means Snap stock is currently trading at 73.4 times the average 2021 earnings estimate, a steep valuation to say the least.Unfortunately, price-sales numbers don't offer much comfort either. Snap currently trades at about 17.2 times its sales, well above the levels of Facebook (9.4), Twitter (7.6) and even Pinterest (NYSE: PINS) (11.6). Based on Bank of America's 2020 revenue estimate of $2.42 billion, Snap's forward P/S ratio is around 11, still on the high end of its peer group. How to Play Snapchat StockIt's difficult to recommend buying a stock that is up nearly 200% in the last year. Unfortunately, Snap stock is more likely to fall than rise in the near-term. At the very least, I would take some profits off the table ahead of the company's Q4 earnings.However, Snap's shares are now trading at just a 12% premium to their IPO price nearly three years after the company went public. It's perfectly reasonable at this point to think the Snap bull case may have simply been early, rather than wrong.Investors who are bullish on Snap's long-term outlook should feel much better about owning the stock today than they did following the IPO in 2017. I just believe that, after Snap's big rally, investors will get a better entry point in the stock some time in the coming months.As of this writing, Wayne Duggan held no positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post The Rally of Snap Stock Still Has Legs appeared first on InvestorPlace.
Apple (NASDAQ:AAPL) is up 110% in a year, which is four times the performance of the S&P 500. So opinions are mixed at these levels and both the bulls and the bears make good points. On the one hand, it has run up so much and so fast that it could correct. On the other hand, the fans would argue that the move in Apple stock is justified and investors have righted a wrong. They would argue that it is now more in line with the likes of Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Facebook (NASDAQ:FB).Source: Primakov / Shutterstock.com Both are right to a degree, but neither are completely correct.Luckily there are ways to trade AAPL stock into its earnings by betting against both extreme sides. Both sides should temper their stances because somewhere in the middle lies the truth. It is still cheap in absolute terms even though it is now much more expensive relative to its own history. It now sports a price-to-earnings ratio of 29 and sells at 6 times its sales. This is 40% higher than recently typical. But this may be the new norm going forward as they diversify and shift income streams.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn a prior write up I suggested waiting for better entry points and I reiterate it. I am merely calling for patience for new entrants into the stock. But there are other ways to trade it even ahead of the earnings uncertainty and without immediate risk. Using the options markets, I can bet that AAPL stock has an upside limit. But at the same time, I bet that it won't completely collapse because it also has a floor. Depending on investor time frames I can do this for the whole year if I want. Bet Against the Extreme Opinions in Apple StockTo the committed bears, I acknowledge that the company has run up far and fast. And yes, it is vulnerable to corrections but nothing outside of the normal pullback. Meaning that it won't fall into an abyss alone. Dips are necessary to shake off the newest bulls who are weak hands. So to put that statement into a trade, instead of buying shares, an investor sells the July $240 put and collects $4 per contract. If price stays above the strike they retain maximum gains. * 7 Healthcare Stocks With 100% Street Support Conversely, I see the staunch bulls' point of view. To that I say that Apple has upside but it will not be above $390 by the summer. To trade this thesis, I can also sell the July $390 call and collect $4 per contract. To win, I need the price to stay below my call. The net outcome of both trades is being short an Apple stock strangle, which is a self-hedged trade. The breakeven lines are at $232 and $398.The main message today is to encourage investors to use logic. It is dangerous to assume that experts know best. Today, retail investors have enough tools and resources to form their own opinions. Those who blindly followed the Goldman Sachs downgrade of Apple's price target to $165 and sold Apple in fear missed out on $105 of upside.Often enough, the expert headlines are pure noise that are likely to cause mistakes more so than help. The facts are simple for Apple. They sell out of every widget they make, so in the long run they are winning. By definition, every dip is a buying opportunity. Investors have varied time frames, so the size of the dip is not one size fits all. And that's where a little homework on the charts provides guidance. The Road to Promising Gains Isn't Without RiskSource: Charts by TradingView The big breakout in Apple stock happened from around $270 per share. So 18% later it left a lot of mini levels that it might revisit on the way down. Stocks need to retest prior breakout necklines for footing. The first of these is around $310 per share. If that fails, then $305 and $300 are next; $293 and $285 were also important on the way up, so they will provide support on the way down. The zone around $268 per share was also where the breakout accelerated sharply, so it too would make for potential support. The volume profile point-of-control for the last three months is around $265 per share.For the long term it is futile to try and find the absolute perfect time to buy. So at some point the investors need to decide on how long they are willing to wait for profits and choose the appropriate level to buy. If my intention is to own Apple stock for years, then I am not rushed to buy it, especially not while going into its earnings on Tuesday. The short-term reaction to those is binary. We don't know what they will say or how the traders will react to the report. So it is better to wait them out or take a partial entry and leave room to manage the risk on dips if and when they come.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post The Best Way to Approach Apple Stock Before Earnings appeared first on InvestorPlace.
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