|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||1,178.58 - 1,198.01|
|52 Week Range||970.11 - 1,289.27|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||24.01|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
HyperChange founder and CEO, Galileo Russell explains to Yahoo Finance why he thinks Tesla is should not sell itself to another company.
A Yahoo Finance investigation reveals a lobbying campaign on behalf of big tech to stop data privacy bills this year in at least 13 states.
Google today announced a new long-term initiative that, if fully realized,will make it harder for online marketers and advertisers to track you acrossthe web
Alphabet Inc's Google announced on Thursday that its YouTube streaming video service disabled 210 channels appearing to engage in a coordinated influence operation around the Hong Kong protests, days after Twitter and Facebook said they dismantled a similar campaign originating in mainland China. "This discovery was consistent with recent observations and actions related to China announced by Facebook and Twitter," said Shane Huntley, one of Google's security leaders, in a blog post. Twitter Inc and Facebook Inc on Monday said that channels they had removed had engaged in a state-backed effort by China to undermine the protests in Hong Kong through posts calling participants dangerous and vile extremists.
Seattle software engineers make an average $116,500 base salary a year, and California companies broadening their Seattle-area bases drive those figures up.
(Bloomberg) -- Google said it disabled 210 YouTube channels involved in “coordinate influence operations” around the Hong Kong protests, following similar measures earlier this week by social media companies Facebook Inc. and Twitter Inc.The Alphabet Inc. unit didn’t specify which channels were shut down in Thursday’s blog post announcing the decision. But the post said the company discovered accounts “consistent with recent observations and actions related to China” from Facebook and Twitter.The social media companies said earlier this week that they had removed hundreds of accounts linked to the Chinese government that were pushing messages meant to undermine the legitimacy of the protests in Hong Kong. Twitter also blocked advertising from state-controlled media. Facebook and Google have not made similar moves on advertising.YouTube, like Google search and other social media services, does not operate in China.To contact the reporter on this story: Mark Bergen in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
It will draw from hundreds of news sources, including national outlets such as The Wall Street Journal, New York Times, the Washington Post and NBC News, digital-native players, magazine publishers and local newspapers, the Journal said. News Corp, which owns Dow Jones Newswires, HarperCollins book publishing business and the Wall Street Journal, did not immediately respond to a request for comment.
President Donald Trump will raise the issue of France's tax on U.S. tech giants including Amazon and Google when he meets French President Emmanuel Macron during a G7 meeting this weekend, a senior administration official said Thursday. In July, the French Senate approved a 3% tax that will apply to revenue from digital services earned in France by companies with revenue above certain thresholds. Trump has previously threatened what he called "substantial reciprocal action" for the tax, and suggested the U.S. could slap tariffs on French wine. The G7 meetings will be held in Biarritz, France Saturday through Monday.
Although most investors consider the venerable Dow Jones as the benchmark index, in reality, folks should instead consider names like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Facebook (NASDAQ:FB) and Amazon (NASDAQ:AMZN). After all, an investment toward Alphabet stock gives you wide-ranging exposure to the most relevant and lucrative sectors.Source: Valeriya Zankovych / Shutterstock.com Unfortunately, being relevant doesn't necessarily protect you from a broader market downturn. Since the U.S.-China trade war has ratcheted up several notches in intensity, equities have not offered much stability. That goes for the GOOGL stock price, along with the market values of the internet giant's peers.Of course, it's now very tempting to go discount shopping on big tech firms. For instance, Alphabet stock has shed more than 4% since gapping up on July 26. During this same period, rivals AMZN and FB have lost 6% and 8%, respectively.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis gamble might pay off for the speculator. But if your investing style leans more to the conservative end of the spectrum, there's nothing wrong with waiting. Yes, the GOOGL stock price below $1,200 is enticing. Based on the longer-term chart, shares really want to bust through the $1,300 level decisively. * 10 Marijuana Stocks to Ride High on the Farm Bill However, we could have a very ugly recession threat on our hands. Primarily, President Donald Trump may be losing control of the situation. Recently, he declared himself the "Chosen One" as he defended his aggressive stance on China. To me, this is the sound of panicking and bodes poorly for Alphabet stock in the interim.That's because history shows us - like the Smoot-Hawley Tariff Act - that wrong high-level choices have severe consequences. Therefore, you don't want to go crazy on GOOGL stock. The Risky, but Fundamentally Sound Case for Alphabet StockBut should you avoid GOOGL stock indefinitely?I'm going to be upfront. If you want both a defensive position and to stay in equities, I'd go for the boring companies: Procter & Gamble (NYSE:PG), Kimberly Clark (NYSE:KMB), and Home Depot (NYSE:HD). These are companies that have consistent demand. In my opinion, they're too boring to disrupt, giving them an Amazon moat.However, if you can handle some risk, I'd buy Alphabet stock on the next big dip. Why? Ultimately, the tech giant is a play on everything relevant.Principally, most analysts focus on the dominant presence that Alphabet levers in the U.S. digital-ad space. Together with Facebook, the fearsome duo takes home about 60% market share. Obviously, this is a compelling reason to consider Alphabet, especially if the GOOGL stock price tanks. Equity losses won't immediately translate to a loss in ad dominance.While competitors like Amazon are butting into the arena, GOOGL has a very sizable lead. And this synergizes well with Alphabet's supremacy in the search engine space.Let's zoom out to a wider angle. Even if we suffer a recession, we won't suddenly transition to a "Mad Max"-like society. Instead, people will do normal things, like look for a job. For such a purpose, Google (and Facebook) will see a lift in traffic, helping Alphabet stock move higher.Also, businesses desperate to gain traction will likely advertise through Google. Again, just because we're in a recession doesn't mean our behaviors will incur a paradigm shift. In this digitized economy, traditional advertising channels have become obsolete. Thus, if you want to do anything, you must do so digitally. It's unfair perhaps, but it's also a driving force for Alphabet stock. Multi-faceted Tech Business Supports GOOGL StockIf the digital-ad presence wasn't enough of a convincing reason, then investors should zoom out even wider.Whether or not you agree with the Trump administration's stance on China, the Asian power has compromised U.S. interests. In his world view, President Trump must hold China accountable for their actions.But underlining the events that led up to the trade war is China's desire to dominate world affairs. Their government even has a name for it: "Made in China 2025." And it's not just the second-biggest economy that's tired of American geopolitical hegemony. In recent years, Russia's actions harken back to the Soviet Union era.What does this have to do with Alphabet stock? The tech firm attained leadership in many of the categories for which our adversaries wish to dominate, such as artificial intelligence. Right now, U.S. government agencies are taking a close look at big tech's anti-competitive behaviors.But that prosecution will probably fade into the background if we have a recession, especially one related to an adversary. Instead, an economic downturn could translate to a rallying cry for GOOGL stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Alphabet Stock Has Recession-Resistant Trump Cards appeared first on InvestorPlace.
After some brief excitement following the closing of its Red Hat deal, International Business Machines (NYSE:IBM) stock is back in the doldrums.Source: JHVEPhoto / Shutterstock.com Shares were due to open Aug. 22 at about $134.20. They're down 7.5% over the last year, and almost 30% over the last five years. Shareholders are still getting a $1.62 per share dividend that yields 4.84%, but Red Hat blew a huge hole in the balance sheet and IBM stock price. IBM debt on June 30 was over $58 billion. * 10 Marijuana Stocks That Could See 100% Gains, If Not More IBM needs a new story to tell. Red Hat, and the "open hybrid cloud," is that story. IBM has created Open Shift "Cloud Packs" for all its hardware, with hopes of making all computers into clouds. This includes IBM Z-Series mainframes.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Whitehurst for IBM CEO?What analysts say they want from IBM stock is Red Hat CEO Jim Whitehurst in current CEO Virginia Rometty's chair. They want Red Hat running IBM.That wasn't the promise when this deal was put together. The promise was that Red Hat would get autonomy from IBM, not that IBM would lose its autonomy to Red Hat. But Whitehurst's concept of an Open Organization has excited analysts who don't even know what it is.If IBM became an Open Organization, these analysts think, it would replace the top-down structure IBM has used for a century with an organic system in which employees and customers are part of the product design process. Instead of selling gear or even solutions, IBM would become a corporate change agent.But IBM has spent decades getting to this low point, dumping older workers and paying those who remain less than competitors.Rometty's IBM is a hollowed-out shell, analysts think, dedicated solely to its dividend and hierarchies. Can Whitehurst really teach it to dance? Everybody Gets a CloudThe 2010s have become the "cloud decade" with $4.5 trillion of market cap locked inside just five companies with scaled networks of cloud data centers.Whitehurst's vision is that every company and organization gets its own cloud, using the clouds of Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOGL) seamlessly, and only when needed.This is now IBM's vision. So, the analysts ask, why isn't Whitehurst running IBM?It's because IBM also has a host of other software and hardware platforms, including older, proprietary Unix operating systems, and the Z-Series software of its mainframes. They are on what senior Vice President for Cloud Arvind Krishna calls a "multi-year journey" toward compatibility.In short, it will take years for IBM stock to become what Whitehurst wants it to sell.IBM also has other irons in the fire besides cloud. The company has been spending big on artificial intelligence, on machine learning, and on blockchain. The Bottom Line on IBM StockInternational Business Machines has been run like an old-fashioned industrial organization for decades. Even if Whitehurst became CEO tomorrow, it would take him years to transform the company.IBM shareholders are income investors focused on the dividend, which costs IBM nearly $1.5 billion to service each quarter. Then there's the interest on that debt which, even at 5% would cost nearly $3 billion a year to service. So far, IBM's only financial response to Red Hat has been to halt its stock buybacks, on which it spent $1.2 billion in the last year.IBM earned $8.7 billion in 2018 and could hit that mark again, assuming its third quarter earnings come in as expected. Whether it can be transformed and perform like a real tech company is purely speculative at this point.But if it can, the gains would be huge. Oracle (NASDAQ:ORCL), considered stodgy by Silicon Valley standards, is worth $177 billion with sales of $40 billion. IBM is worth $113 billion on sales of $79 billion. IBM is a long-shot speculation with a 5% yield.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and MSFT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post IBM Stock and Jim Whitehurstas Toughest Test appeared first on InvestorPlace.
When it comes to Apple (NASDAQ:AAPL) stock over the past several years, I've worn many hats -- including both the bear's hat and the bull's hat.Source: View Apart / Shutterstock.com Today, though, I choose not to wear either hat. The risk-reward profile on AAPL stock at current levels seems balanced. That is to say, there are some things to like about Apple stock. There also some things not to like about Apple stock. The things to like largely cancel out with things not to like, and net net, neither the bull nor the bear thesis on AAPL stock looks all that compelling to me at the current moment.To be sure, long term, Apple stock will go higher. But, the near term will probably be choppy, and that choppiness isn't something I'm too interested in buying into.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWithout further do, then, let's dive into five pros and five cons about AAPL stock, and see how the risks and rewards balance each other out here. 5 Pros About Apple StockIn no particular order, here are five pros about Apple stock right now.The Secular Growth Narrative Remains (Largely) Robust. Apple remains the Western world's favorite consumer technology company, with its products dominating the smartphone, laptop and smartwatch worlds. Sure, unit growth in those consumer hardware arenas is maxing out. But, Apple is successfully pivoting towards a software-driven growth narrative wherein Apple monetizes its extensive hardware install base with multiple subscription software services. Consumers are buying these services, and will continue to do so for the foreseeable future because they are addicted to the iOS ecosystem. In the long run then Apple's revenues and profits should grind higher, as should AAPL stock. * 10 Undervalued Stocks With Breakout Potential China Headwinds Are Easing. China has been a big problem for Apple because: 1) Apple's big growth engine is the China market, 2) China's economic growth is slowing, and 3) elevated trade war tensions between the U.S. and China create increased pricing risk for Apple's products. But, there are signs emerging that China's economy is starting to stabilize, and it appears elevated trade tensions are now cooling. Currency headwinds are also moderating. As such, Apple's China numbers should improve in the back-half of 2019.Big Services Catalysts Are on the Horizon. Apple has a few very big services catalysts on the horizon, including the launch of Apple TV+ and Apple Arcade in the last few months of 2019. If those services gain widespread traction quickly -- and they should, given that they have been hyped up and that Apple is pouring billions of dollars into them -- then investors will grow increasingly bullish on the long-term growth prospects of Apple's services business as we head into the close of 2019. That investor sentiment boost should provide a lift to AAPL stock. Click to EnlargeThe Chart Looks Pretty Good. In late 2018, Apple stock put in a multi-year bottom. Ever since, the stock has been a solid uptrend, forming a healthy multi-quarter support line which the stock has tested and held multiple times. So long as the stock keeps holding this support line, its technicals remain favorable for AAPL stock to stay in an uptrend.The Stock Is Cheap Relative to its Peer Group. AAPL stock presently trades at a forward price-to-earnings ratio of 16.6. That is about as cheap of a forward earnings multiple as you will find in big tech. Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) all trade over 20x forward earnings. 5 Cons About Apple StockAlso in no particular order, here are five cons about Apple stock right now.Some Cracks Are Starting to Form in the Secular Growth Narrative, Especially on the iPhone Side. The secular growth narrative of Apple pivoting into software growth as hardware growth has maxed out looks good. But, it's built on this idea that Apple will maintain a huge hardware install base. There are signs that Apple's hardware install base is already shrinking, though, as multiple reports (see here and here) point to the iPhone actually losing global market share over the past several quarters. If this trend accelerates -- admittedly, a big "if" -- then Apple's secular growth narrative could weaken dramatically.China Is a Wildcard With More Turbulence Coming. Apple's China headwinds are easing right now. But, the U.S.-China trade war is cyclical. It goes from "things are progressing," to more tariffs, to "things are progressing, again" -- and cycles through those phases back and forth. As such, there is another shoe waiting to drop here, and when it does drop, AAPL stock could get hit.Holiday iPhone Sales Will Likely Be Weak. Apple's 5G iPhones are set to launch next year. What about this year's new iPhone? It won't incorporate 5G, and that's big because other smartphone manufacturers are launching 5G phones in 2019. Thus, this holiday season, the smartphone landscape will include non-5G iPhones, and 5G "other smartphones." That isn't a favorable backdrop for healthy iPhone sales.Antitrust Risks Loom Large. I mostly subscribe to the idea that the legal fight against big tech amounts to just noise. Nonetheless, noise creates uncertainty, and investors tend to shy away from uncertainty. Thus, antitrust risks are an optical negative for AAPL stock.The Stock is Expensive Relative to its Historical Standard. While AAPL stock may be cheap next to its peers, it's also expensive relative to its historical standard. Specifically, Apple stock's five-year-average forward earnings multiple is about 14X -- roughly 25% below the current forward earnings multiple. The premium is being warranted by this idea that Apple's new software-driven growth narrative is higher margin and has more stability. Thus, if this software-driven growth narrative deteriorates at all, AAPL stock could be due for a sizable valuation pullback. Bottom Line on Apple StockThere are things to like about AAPL stock here -- good growth, easing headwinds, big catalysts, favorable technicals and a relatively cheap valuation. There are also things not to like about AAPL stock here -- cracks forming in the growth profile, wildcard trade and antitrust risks on the horizon, weak iPhone sales expected this holiday season and an above-average valuation.Putting all that together, it becomes fairly clear that the risk-reward profile on Apple stock is balanced. Until it tips one way or the other, I'm content on watching the Apple show from the sidelines.As of this writing, Luke Lango was long FB, GOOG, AMZN and NFLX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post 5 Pros (And 5 Cons) About Apple Stock appeared first on InvestorPlace.
(Bloomberg) -- Google outlined a plan to try and make surfing the web more private while still allowing enough targeted advertising to keep publishers -- and itself -- in business.Google’s suggestions include cryptographic tokens users can amass showing they are trustworthy, using artificial intelligence to show people relevant ads based on minimal information and storing personally-identifiable data on someone’s device rather than in their browser.The internet giant said it will propose the changes for debate before the organizations that set common rules for the Internet. That means Google wants the entire web to adopt the new rules, instead of just installing them on its own Chrome browser. The move shows Google is being proactive in making sure its ideas for how the web should work are the ones that win out in the future.The changes would surely improve privacy, but Google is also pushing back against privacy initiatives started by Mozilla Corp.’s Firefox and Apple Inc.’s Safari browsers that it says are too heavy-handed. Those browsers have started blocking cookies -- little bits of code that lodge in people’s browsers and follow them around the web helping advertisers place valuable, targeted ads.Google doesn’t want cookies to go away, because it says they help publishers make money from their content and keeps the web vibrant. Of course, they also help Google, which is the largest and most profitable online advertising company in the world.Changes to internet standards, the common rules that allow different websites to work on different browsers, can take years. But Google often leads the way by simply updating Chrome and forcing the rest of the web to adapt, something it can do because its browser is used by around 70% of internet users worldwide.To contact the reporter on this story: Gerrit De Vynck in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew MartinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Microsoft Corporation (NASDAQ: MSFT) is the latest tech company to be criticized for using humans to review audio captured through devices, raising more privacy concerns about in-home tech. Vice reported that contractors working for Microsoft were paid to listen to audio from Xbox users in the hopes of improving the gaming system’s voice command capabilities. The company responded in a statement to Vice that it has stopped listening to voice recordings captured by Xbox systems, though recordings are still made.
Since August 14, Amazon (AMZN) has risen 3.4%. In the same period, the SPDR S&P; 500 ETF (SPY) has risen 3.0%. Let's see why AMZN outperformed.
Most investors understand that artificial intelligence is going to be a huge long-term growth driver in the tech industry. Experts predict AI will completely revolutionize the economy and the world, making companies more efficient and ultimately more profitable.Source: Piotr Swat / Shutterstock.com At this point, AI is in its infancy. But a handful of tech companies are already offering digital assistants, AI helpers that answer questions and perform simple tasks for users. Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) all have popular AI digital assistants on the market. The TestAs any GOOGL stock investor knows about the online advertising business, the company that jumps out in front in a particular technology tends to ride that first-mover advantage for years or even decades. It's still early to determine which company will ultimately dominate the market when it comes to AI personal assistants. But investors should pay close attention to who is winning the AI horse race.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Marijuana Stocks to Ride High on the Farm Bill Loup Ventures recently pitted three of the top AI personal assistants head-to-head in a performance test. AI will eventually perform all kinds of complicated functions -- the Loup Ventures test was simply to see which assistant could meet the practical needs of today's users.Loup asked Alphabet's Google Assistant, Apple's Siri and Amazon's Alexa AI assistants 800 questions. It then scored each assistant based on both their comprehension and ability to answer questions correctly. Loup's questions were simple, practical questions not designed to trick the AI software. Instead, Loup was attempting to reflect the type of general questions real users would ask. For example, "Where is the nearest coffee shop?" Good News for Alphabet StockLoup has conducted this competition several times before, and each time they have gotten a similar result."Google Assistant was the top performer in four of the five categories but fell short of Siri in the Command category again," Loup Ventures analysts Gene Munster and Will Thompson said.Google Assistant was the only AI assistant that correctly understood 100% of the 800 questions. It was also the only assistant that correctly answered at least 90% of them. Google Assistant correctly answered 92.9% of the 800 questions. Siri understood 99.8% of questions and answered 83.1% correctly. Alexa understood 99.9% of questions but answered only 79.8% correctly.The analysts said the results were consistent with past tests."Many of the same trends continue; Google outperforms in information-related questions, Siri handles commands best, and the ranking of utility based on the number of questions answered has remained the same (Google Assistant, Siri, Alexa), but there have been dramatic improvements on each platform and in each category in the few short years that we have been tracking the progress of digital assistants," Munster and Thompson said.Not only was Google Assistant the top performer, it was also the most improved from Loup's last test. Google Assistant's percentage of correct answers was up 7% from 13 months ago. Siri's accuracy was up 5%, while Alexa's was up 18%. Long Way to GoAlphabet stock investors would love to declare Google the winner in AI technology. Loup Ventures warned against reading too much into the results."Today, they are able to understand, within reason, everything you say to them, and the primary use cases are well built out, but they are not generally intelligent," Munster and Thompson said.Obviously, AI is is going to be big money for the next decade or two, so this is bullish news for GOOGL stock. But all of these assistants have a long way to go. Yes, this market is wide open and massive. But companies don't need AI to tell them where the nearest coffee shop is. AI has a lot of fine-tuning ahead before it can approach the level of creativity, critical thinking and decision-making that humans do on a daily basis.The good news for Alphabet stock is that Google Assistant is off to a great start. If Google ultimately becomes the gold standard of AI, the potential upside for GOOGL stock price will be massive.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Alphabet Stock Is the Top AI Investment appeared first on InvestorPlace.
Google (GOOGL) plans to introduce a new small-size smart speaker called Nest Mini. About $23 billion is up for grabs in the smart speaker market.