1,069.73 0.00 (0.00%)
After hours: 4:14PM EDT
|Bid||1,070.01 x 1000|
|Ask||1,070.98 x 1000|
|Day's Range||1,066.69 - 1,086.31|
|52 Week Range||894.79 - 1,186.89|
|PE Ratio (TTM)||59.44|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Investing in “sustainable” companies is helping The Brown Advisory Large-Cap Sustainable Growth fund (BAWAX) deliver big returns, but you won’t find windmill and solar panel makers in this portfolio. Under the guidance of co-managers Karina Funk and David Powell, the fund delivered a 28% return in 2017, outperforming the S&P 500 Index’s 19% advance. “We look for compelling customer value propositions across the entire economy,” Funk explains in the above video.
Spending on equipment and chips and such is heating up among cloud-computing titans Alphabet (GOOGL), Amazon.com (AMZN) and Facebook (FB), which should be very good for a variety of tech suppliers, according to a note today by Jefferies & Co. analysts across the tech landscape. The aggregate spending by the top-10 large-cap tech companies, including both capital spending on equipment, and also their R&D spending, is approaching $200 billion this year, according to analysts Brent Thill, Brian Fitzgerald, John DiFucci, Mark Lipacis, George Notter, Jonathan Petersen, John Byun, and Michael Turrin, in a group note published this morning. The authors, drawing upon the tech titans’ own disclosed spending plans, and from their own estimates, relate that capital spending is rising 47% this year, collectively, from a 26% rate of growth in 2017, to a total of $93.14 billion.
Activision Blizzard (ATVI) launched Overwatch League in January 2018, and it continued to generate strong viewership globally. Overwatch League has driven player engagement for the Overwatch franchise as the number of hours spent playing and watching this game rose sequentially. This league continues to announce new engagement programs aimed at driving viewing experiences. When Overwatch League launched in January, it attracted 10 million viewers in the first four days of the event with an average viewership of 280,000 on a per-minute basis.
Apple’s (AAPL) foray into smart speakers through the $349 HomePad had, reportedly, seen a weak response since its launch earlier this year. According to estimates in the latest report by Strategy Analytics, Apple shipped 600,000 HomePods in the quarter. Meanwhile, Amazon (AMZN) sold 4 million smart speakers globally while Alphabet’s (GOOG) Google shipped 2.4 million.
Self-driving cars are one of the hottest spaces in the technology sector in 2018 and, not surprisingly, that's translating into some equally hot price action in the companies behind the tech. As I write, scores of technology and automobile companies are scrambling to develop advanced autonomous vehicle programs before their rivals have a chance to bring them to market. Leading things off is chipmaker Nvidia Corp.
Pocket.watch has inked a half-dozen new licensing agreements that extend the reach of their YouTube creator partners into new categories of consumer products.
Artificial intelligence is all about big data. Pure Storage CEO Charles Giancarlo says older, tiered storage systems that rank data by age aren't nimble enough to grant researchers quick access to the data they will need. As interest in the cloud grows, companies like Amazon, Google and Microsoft fuel Pure Storage's business.
Amazon.com, Inc. (NASDAQ:AMZN). The name itself excites those who own a stake in the company, yet that same name can strike fear into the hearts of owners of rival e-commerce stocks. Amazon gets what Amazon wants, and will roll over anyone or anything that stands in its way.