|Day's Range||10.85 - 10.85|
Apple reported blowout earnings after the stock market closed Tuesday. Please click here for an annotated daily chart of Apple (AAPL) stock. Please click here for a chart of Apple stock compared with the Dow Jones Industrial (DJIA) S&P 500 ETF (SPY) and Internet ETF (FDN) For the sake of transparency, this chart was previously published before the earnings report.
Companies and groups last year increased their spending on Washington lobbying to a level not seen in nearly a decade, according to the latest disclosures.
Not all technology stocks beat the market last year. To take a look, we asked two veteran internet analysts—Mark Mahaney of RBC Capital Markets and Colin Sebastian of Baird—for their top picks for 2020. Mahaney believes that the internet stocks’ relative underperformance sets up the sector for strong multiyear returns.
U.S. markets and stock ETFs were slightly higher Wednesday, extending their record setting gains, but a plunge in FedEx shares limited the fever. On Wednesday, the Invesco QQQ Trust (QQQ) was up 0.2%, SPDR Dow Jones Industrial Average ETF (DIA) was flat and SPDR S&P 500 ETF (SPY) gained 0.1%. Analysts argued that the trade agreement last week helped remove a major hurdle for global equity markets, and stocks now have more room to run with the weight lifted.
While investing in any of the retail stocks could reward investors throughout Cyber Week, a diverse approach in a basket form can also be a great choice.
Cisco Systems dampened investors' mood when it reported first-quarter fiscal 2020 results as it sparked fears of a slowdown in global tech spending with a bleak outlook.
As one of the vaunted FAANG (Facebook, Amazon, Apple, Netflix, Google) stocks, Netflix is subject to competition from one of its peers, but the online streaming giant is looking to up the ante in order to fend off the opposition. Netflix investors are decidedly nervous as companies like Apple, Disney and Amazon are looking to bolster their streaming businesses. Shares of Netflix have been climbing 10% higher the past two weeks, but the competition could threaten the rally.
Just like gamblers following the smart money, when factor investors want to know where the money is flowing and going, they look to momentum. It can be a key indicator of which exchange-traded funds (ETFs) can get a boost from increased activity—right now, Apple and Netflix are in the spotlight. “Momentum crowd money flows are extremely positive in Apple’s shares,” wrote MarketWatch analyst Nigan Arora.
Despite stiff competition, investors might want to capitalize on this Internet television network leader's subscriber growth and the upcoming surge in its share price with lesser risk in the form of ETFs.
Wall Street analysts are warning investors that disappointment could be forthcoming with streaming media giant Netflix when it comes time to report their third-quarter earnings. Per a CNBC report, analysts are “have begun expressing doubts about Netflix and warning the company’s coming quarterly earnings may disappoint yet again, just after the stock turned negative for the year. Pivotal Research Group cut its price target on Netflix shares by nearly a third on Tuesday, to $350 from $515.
Facebook came up with robust second-quarter 2019 results, wherein it beat estimates on both revenues and earnings. However, it warned of deceleration in revenue growth, more specifically in the fourth quarter.
Following its second-quarter earnings report, shares of Netflix were down as much as 11 percent after the online streaming company only added 2.7 million subscribers, which was almost half of the 5 million that analysts were expecting. Speaking on its fall in subscribership, Netflix cited the entrance of new competitors to the streaming space with Apple and Disney joining the fray.
Shares of Netflix were down as much as 11 percent after the online streaming company only added 2.7 million subscribers, which was almost half of the 5 million that Wall Street analysts were expecting. During its first-quarter earnings report, Netflix did address the entrance of new competitors to the streaming space with Apple and Disney joining the fray.