|Bid||1,133.38 x 900|
|Ask||1,133.80 x 800|
|Day's Range||1,124.24 - 1,139.25|
|52 Week Range||970.11 - 1,289.27|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||28.58|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The unemployment rate is at the lowest it has been in decades, but over the next decade employers are likely to face pressure from an aging workforce that could lead to a shortage of qualified employees. Yahoo Finance's Myles Udland, Sibile Marcellus, Melody Hahm, and Brian Cheung break down the details.
Big name companies are set to report their quarterly earnings this week including Google, Coca-Cola, Chipolte, Snap, Hasbro, AT&T, McDonald's, Amazon, Starbucks and Boeing. Yahoo Finance's Alexis Christoforous and Brian Sozzi discuss what we can expect.
To really trick out a dorm room in 2019, we needed to focus on both comfort and convenience. In particular, we opted for products that use Google Assistant over Amazon's Alexa because we think most people already tend to use Google for most services. From a high-tech smart clock to a basic coffee dripper, we think this is a solid shortlist for making your tiny abode feel like home away from home.
Tinder is exploring a different approach to fighting app store fees \\-- it'ssimply ignoring what the store operators want
The S&P 500 climbed toward a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week. Facebook Inc rose 1.6% ahead of its report after the bell on Wednesday, while Amazon.com Inc and Google-parent Alphabet Inc were each up about 0.5% ahead of their reports on Thursday. Investors' reactions to the reports of those top-tier growth companies could affect broader market sentiment as the S&P 500 trades about 1% below its July 15 record high close.
The so-called FANG stocks take centre stage on Wall Street this week, with Amazon , Alphabet and Facebook set to report as the S&P 500 approaches a record high. The group of high-growth stocks that supercharged the S&P 500's decade-long rally in recent years has had mixed results in 2019, with Facebook and Amazon dramatically outperforming the broader market, while Netflix and Google-owner Alphabet have lagged.
The so-called FANG stocks take center stage on Wall Street this week, with Amazon, Alphabet and Facebook set to report as the S&P 500 approaches a record high. The group of high-growth stocks that supercharged the S&P 500's decade-long rally in recent years has had mixed results in 2019, with Facebook and Amazon dramatically outperforming the broader market, while Netflix and Google-owner Alphabet have lagged.
Shares of Alphabet Inc. are up slightly to $1,136 Monday after two market research notes said they expect continued strong sales from its search business as well as potential revenue from Maps, Waymo and Life Sciences. Credit Suisse analyst Stephen Ju, in a note Monday, maintained an outperform rating on Alphabet stock with a price target of $1,400. Wedbush Securities analyst Michael Pachter anticipates revenue of $38.24 billion and non-GAAP earnings of $12.92 a share when Alphabet reports second-quarter results on Thursday. Analysts surveyed by FactSet expect earnings of $11.10 a share on revenue of $38.155 billion.
Amid all the talk of antitrust, government regulation and cryptocurrency plans, it might be nice for Big Tech just to focus on earnings this week — unless they are bad, of course.
President Trump eased the Huawei ban on June 28. Since then, investors have been closely monitoring how US officials implement the policy change.
This is the second high-profile age discrimination lawsuit that the Alphabet Inc.-owned search engine has faced — the first was in 2004 and was settled out of court.
The bullish investing thesis on Nvidia (NASDAQ:NVDA), the current leader in GPUs, is pretty clear. GPUs work better than CPUs for artificial intelligence applications and as a result, the chip maker -- and NVDA stock -- seem well positioned in a market with what is essentially huge growth potential. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsDue to its exposure to AI, NVDA stock will benefit from numerous secular growth trends in autonomous driving, big data, medical diagnostics, and more that could help lift sales and profits rise over time. The bearish thesis is also clear. Due to the importance of artificial intelligence, Nvidia will have a lot of competition in the future and the company might not keep its leading position for very long. To get a leg up and save money, big tech companies with immense resources such as Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), and Facebook (NASDAQ:FB) are each developing their own specialized AI chips. Innovative companies like Tesla (NASDAQ:TSLA) aren't too far behind, with Musk's company having unveiled an AI chip that can help make Tesla more autonomous this year. Long term, China also wants to eventually make its own version of Nvidia. * 10 Stocks to Sell for an Economic Slowdown To keep its leading market share and meet bullish expectations, Nvidia will need to innovate and make better products than anyone else. Due to the uncertainty of how those products will be received, Nvidia stock has been subject to sentiment shifts. As a result of the shifts, the NVDA stock price has fallen from its late 2018 highs but is still up 23% year to date. Given the rally in 2019, is the stock a good buy now? Wall Street is Bullish on NVDAIn terms of Wall Street analysts opinions, Nvidia is pretty attractive. Analyst Harsh Kumar of Piper Jaffray has a $200 target price based on encouraging results from his research into gaming trends and gamer demand. According to Kumar's survey of gamers, more than 70% of respondents said they would either maintain or increase GPU spending patterns. Analysts at Cascend Securities have a $190 price target, noting that Nvidia is holding onto its market share despite Advanced Micro Devices' (NASDAQ:AMD) strong Navi AMD GPU release. What Some on the Sidelines SeekMeanwhile on the sidelines, many chartists will say that the Nvidia stock price needs to close above the 200-day exponential moving average of around $174.64 with a meaningful catalyst to be attractive. So far Nvidia shares have consolidated below the 200-day mark since last October and the consolidation has caused the exponential average to act as resistance. * 7 Stocks Top Investors Are Buying Now Many traders don't play consolidations because a stock could take a very long time to consolidate. Because time is money, some traders wait until the stock has broken out with some sort of meaningful positive catalyst before buying. Even though they pay a higher price, it is in their mind safer due to momentum. In terms of catalysts, one to look for is AMD's earnings report on July 24. If conference call commentary indicates strong demand for GPUs in general, Nvidia could potentially benefit as it is currently the leader and its shares could head higher. If commentary indicates that AMD is gaining market share at the expense of Nvidia, shares could head lower. Another potential catalyst is any news of the trade war ending. If the trade war ends, the semiconductor sector could surge higher due to stronger sentiment and NVDA stock could rise with it. Lastly, Nvidia's earnings report next month could be a potential catalyst if the company beats expectations. Bottom Line on Nvidia StockNvidia stock has considerable long-term upside if management executes and the company keeps making industry leading semiconductor chips for AI applications. In the near term, I believe some money on the sidelines could move into NVDA stock if it closes above the 200-day exponential moving average with a meaningful positive catalyst event. As of this writing, Jay Yao did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Already a 2019 Gainer, Nvidia Stock Could Skyrocket if This Happens appeared first on InvestorPlace.
Facebook, Amazon and Google report earnings in late July. What more could an investor ask for? Here are three key facts.
Congress, with some goading from their competitors, appears eager to apply antitrust enforcement to Facebook (FB) , Apple (AAPL) , Google (GOOG)(GOOGL) and (AMZN) (FAGA). This would be a terrible misuse of the law for market-dominance problems that emerging technologies will resolve and for privacy and security issues where bigness contributes little. To put one complaint aside — the increasing size of American tech companies has not caused stagnant wages.
In retrospect, the early buyers of iQiyi (NASDAQ:IQ) following its IPO in March of last year are likely regretting their decision. After soaring to a high of $46.23 by June of 2018, IQ stock has since fallen back to a price near $18. That's roughly where it IPO'd, though it traded as low as $14.35 in December. Click to Enlarge Source: Shutterstock Don't come to a misguided conclusion though. iQiyi, often referred to as the Netflix (NASDAQ:NFLX) of China, hasn't done anything wrong. In fact, it's done everything right, and everything it was expected to do a year and a half ago. The market simply doesn't care because circumstances changed in the meantime.Still, unless those circumstances change for the better again, iQiyi's results won't quite matter.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe good news for current and prospective IQ stock owners is, change appears to be on the horizon, one way or another. * 7 Defense Stocks to Buy to Fortify Your Portfolio China's Consumers Still HealthyThough it's called the Netflix of China, that's not an ideal comparison. In that it also offers a variety of free, ad-sponsored video content including user-generated content, iQiyi is also similar to Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) property YouTube.It's mattered little. Regardless of its revenue mix, iQiyi has been infected by the same economy-minded panic that's banged up other Chinese consumer names like Alibaba Group Holding (NYSE:BABA), Tencent Holdings (OTCMKTS:TCEHY) and Baidu (NASDAQ:BIDU).Those underlying doubts haven't been entirely unmerited. For the second quarter of the year, China's inflation-adjusted economic growth pace fell to a 27-year-low of 6.2%.The politically-charged headlines on the matter, however, paint a somewhat misleading picture.Chief among the messages delivered without the proper context is that, on a relative basis, China's economy has been growing at its "slowest pace in X years" for some time now. Last year's GDP growth of 6.6% was its weakest growth rate since 1990.In 2015, the country's GDP growth rate of 6.9% was the slowest in 25 years. The issue isn't so much a headwind as it is an ever-improving comparison.The other key data nugget lost in the noise: Consumer spending in China this year has remained shockingly strong. Retail sales were up 8.4% for the first half of the year and grew 9.8% year-over-year in June alone.Private sector jobs and home-grown consumerism are both now bigger components than government jobs and export-related employment, and it's working for the country.That's the trend, market and demographic iQiyi is plugging into. iQiyi Results TrajectoryIt would be naive to believe a prolonged slowdown in China's industrial complex and export business wouldn't eventually drive an adverse impact on the country's consumerism. It would take a much more robust headwind than the current one, however, to take a meaningful bite out of China's nascent but potent services industries.Translation: Most of the people in China that have recently fallen in love with mobile tech and high-speed internet connections aren't ready to forego their online videos just yet.The numbers confirm it. Though its second-quarter figures have yet to be released, for the first quarter of the year, iQiyi's subscriber growth soared 58% year-over-year, from 61.3 million to 96.8 million.The company's losses grew too, from a manageable $59.1 million in the first quarter of 2018 to a loss of $268 million in Q1 of this year. It's a spending spree not unlike one Netflix went on when it was seeking self-sufficiency though, and with revenue up 47% during the first quarter for iQiyi, it almost seems worth it.And, analysts that handicap IQ stock think it will be eventually worth it.The revenue trajectory is undeniably impressive, and few doubt the analysts' near-term outlook. What's largely being overlooked is the analyst community's expectations that revenue growth will continue to grow while relative spending growth on content slows. Though still expected to be in the red, the pros are looking for losses to shrink this year and next, dramatically improving the per-share profit figures for iQiyi stock. Click to EnlargeNet profits are still only on the distant horizon, but investors reward direction as well. Bottom Line for IQ StockIt's certainly not a guarantee; they don't exist when it comes to stocks. They particularly don't exist for stocks of companies subject to so many external forces like economic cycles and political matters that impose growth-slowing tariffs.There's going to come a time sooner or later, however, when the market has to appreciate that like Netflix, iQiyi is rather recession-resistant. Most people in any developed part of the world can scrape together a few bucks per month for a universe of entertainment. It's bigger threat is competition from the likes of Tencent and Baidu's Youku.Unlike Netflix though, iQiyi has already faced its chief competition and held its own.The great irony here is that headlines may need to worsen before iQiyi stock rebounds.Experts believe China's GDP growth pace will have to slide to 6.0% or lower before President Xi Jinping will finally start to negotiate more inviting tariff rates. If and when that happens, it will ease the pessimism that's been weighing on IQ stock, even if it actually means little for China's consumers. China's consumers are doing well enough as is.Whatever the case, iQiyi is doing everything it's supposed to be doing. The market just doesn't care to notice… yet.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post Perception, More Than Anything Else, Is Holding Back IQ Stock appeared first on InvestorPlace.
As the parent company of Google nears its fiscal second quarter results on July 25, the chorus of disapproval over its evasive reporting policy has risen on Wall Street.
On July 18, New York Fed President John Williams's speech increased the Fed rate cut probability. He highlighted the importance of the Fed acting quickly.