1,155.85 0.00 (0.00%)
After hours: 6:10PM EDT
|Bid||1,153.11 x 800|
|Ask||1,156.38 x 1300|
|Day's Range||1,151.14 - 1,163.47|
|52 Week Range||977.66 - 1,296.97|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||29.00|
|Earnings Date||Jul 22, 2019 - Jul 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,341.82|
Katherine Prescott, Founder & CEO of VoiceBrew, joins The Final Round to discuss how Amazon is leading the way with voice assistants.
The auto industry is rapidly moving toward a future of driverless cars. One of the main arguments in favor of this new technology is that it will make driving safer.
Google is bringing a new Search layout to mobile, and it's rolling out thechanges beginning today
Self-driving cars once seemed poised to inaugurate a new era in transportation. But now, driverless cars are further away than people thought.
With negotiations on hold and tariffs piling up, the United States and China appear to be bracing for a prolonged standoff over trade.
The tech giants sought to assure lawmakers that they take the threat of foreign influence seriously after being blindsided by Kremlin-backed disinformation campaigns on their platforms during the 2016 election. "There is no silver bullet, but we will continue to work to get it right," said Richard Salgado, Google’s director of law enforcement and information security.
Chris Davis ( Trades , Portfolio ) , portfolio manager of investment management firm Davis Selected Advisers, sold shares of the following stocks during the first quarter. Warning! GuruFocus has detected 4 Warning Signs with GE. The conglomerate, which operates in oil and gas, power and renewable energy, has a market cap of $86.86 billion and an enterprise value of $142.20 billion.
British chip designer ARM has halted relations with Huawei in order to comply with a U.S. blockade of the company, potentially crippling the Chinese company's ability to make new chips for its future smartphones. Huawei, in common with Apple Inc and chipmakers such as Qualcomm, uses ARM blueprints to design the processors that power its smartphones. It also licenses graphics technology from the Cambridge-based company.
Google's main regulator in the European Union, Ireland's Data Protection Commissioner, opened its first investigation into the U.S. internet giant on Wednesday over how it handles personal data for the purpose of advertising. The probe was the result of a number of submissions against the company, the Irish Data Protection Commissioner (DPC) said, including from privacy-focused web browser Brave, which complained last year that Google and other digital advertising firms were playing fast and loose with people's data. Brave argued that when a person visits a website, intimate personal data that describes them and what they are doing online is broadcast to tens or hundreds of companies without their knowledge in order to auction and place targeted adverts.
Sprint (NYSE:S) continues to remain in limbo. Amid a merger in jeopardy and a disappointing earnings report, Sprint stock had fallen even as that of its buyer-in-waiting, T-Mobile (NASDAQ:TMUS), steadily rises. Sprint stock spiked higher on Monday as the Federal Communications Commission (FCC) appeared to green light the merger.Source: Shutterstock However, with the Department of Justice (DOJ) set to block the union, Sprint has again begun to fall. Worse, given the known state of Sprint's 5G network, one has to wonder if it can remain a viable entity without the help of T-Mobile. Given these conditions, Sprint stock offers no viable investment options for shareholders. FCC, DOJ on Opposing SidesSprint stock surged higher by almost 19% in Monday trading as FCC Chairman Ajit Pai gave his approval to the merger. Before this announcement, S stock traded more than 20% below the price T-Mobile guaranteed to Sprint shareholders if the deal took place. With FCC approval, much of that gap had closed.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, the stock fell back by more than 3% in Wednesday trading as antitrust staffers at the DOJ recommended blocking the deal. Now, political appointees within the DOJ must decide whether to file a suit to block the agreement. Most expect a final decision within a month. Whatever happens, it brings further uncertainty to a deal seen as both controversial and inevitable. Expect Some Kind of MergerInvestors need to understand that a merger will occur whether or not a merger occurs. The government can allow T-Mobile to buy Sprint's assets. It can also let Sprint decline. If Sprint folds, some or all of the remaining 5G players could buy Sprint's assets in the bankruptcy process. As my colleague Dana Blankenhorn suggests, they could also face better-heeled players such as Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) or Amazon (NASDAQ:AMZN) buying Sprint's assets. Hence, few in the telco industry will win if the DOJ blocks the deal. * 10 Names That Are Screaming Stocks to Buy Our own James Brumley spells out this case in greater detail. I agree with him that regulators know that the market may end up with only three 5G players regardless of their decision on the merger. Still, predicting if and when a deal occurs remains the challenge. Sprint Stock Is Not an InvestmentAs a result, Sprint stock has ceased to serve as an investment. Both the numbers and management's illustration of the network leave investors with few reasons to choose S stock over AT&T (NYSE:T) or Verizon (NYSE:VZ). CEO Michael Combes even declined to answer a question as to whether the company can offer nationwide coverage if the T-Mobile merger does not occur.By itself, this makes Sprint's 5G less valuable than that of its three direct peers. That bodes poorly for a company with $28.27 billion in book value and $36.28 billion in long-term debt.In fairness, the stocks of AT&T and Verizon also face their challenges. Due to the cost of a 5G buildout and other factors, both companies face heavy debt loads. In AT&T's case, a move into media content has placed further pressure on that equity. As a result, both stocks support low multiples.However, one can still classify those companies as investments. Lower stock prices have given both AT&T and Verizon some of the highest dividend yields in the S&P 500. Sprint cannot afford a payout at all. Moreover, both AT&T and Verizon have increased their payouts every year for decades. 5G will probably finance these dividend increases in the future. Hence, even if these equities remain somewhat depressed, they can still deliver shareholder return. A Deal Is the Only Hope for Sprint StockThe merger has become the only known possibility for Sprint stock to deliver further significant upside. Since holders of S stock will receive 0.10256 shares of T-Mobile stock, this translates into a purchase price of about $7.85 per share as of the time of this writing. With the current Sprint stock price of around $7 per share, that represents a premium of almost 12%. Without the deal, traders will probably watch Sprint become the Sears Holdings (OTCMKTS:SHLDQ) of the wireless industry as it gradually bleeds out. * 7 Athletic Apparel Stocks With Marathon Pace In the end, we do not know what regulators will do. Hence, I mostly agree with my colleague Vince Martin that Sprint stock has become a gamble. However, I see this as a poor gamble, as we do not know when government regulators will make their final decision. The Bottom Line on Sprint StockSprint stock offers little hope for investor returns outside of the formal approval of the T-Mobile merger. Given its financial condition, Sprint will struggle to build a nationwide 5G network without some help. Hence, a takeover of some kind will likely occur regardless of what regulators may think.This leaves holders of Sprint stock with only gambling instead of investing options. They either bet on government approval, or they witness an almost-certain drop into penny-stock status. With the FCC and DOJ at cross purposes, what will happen is anyone's guess.People who want to gamble might have better luck (and certainly more fun) at a blackjack table. Those who wish to invest will likely see higher returns in the equities of AT&T, Verizon or that of their prospective suitor.As of this writing, Will Healy did not hold a position in any of the aforementioned securities. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post Why Sprint Stock Isn't a Gamble That's Worth Taking appeared first on InvestorPlace.
Lone Pine Capital, the hedge fund founded by Steve Mandel (Trades, Portfolio), revealed seven new positions when it released its first-quarter portfolio last week. Warning! GuruFocus has detected 4 Warning Sign with SPGI. Using both growth and value methodologies, the firm, whose founder was a former "tiger cub" of Julian Robertson (Trades, Portfolio), is known to not hold positions for very long.
“The purpose of the inquiry is to establish whether processing of personal data carried out at each stage of an advertising transaction” is in line with the EU’s General Data Protection Regulation, the Irish Data Protection Commission said Wednesday in a statement. Google was earlier this year slapped with a 50 million-euro ($55.8 million) privacy fine by the French data regulator for violating the EU law. Ireland’s data regulator on Jan. 22 became the lead authority to watch over Google’s privacy compliance, after the Alphabet Inc. unit established its main European base in the country.
Google is the subject of another European Union investigation after Ireland's Data Protection Commission announced that it is launching an inquiry into the tech giant's handling of personal data related to online advertising. The Commission said that its probe would examine whether Google's business violates EU privacy rules.
Ireland's privacy watchdog, which leads supervision of Google in the EU, launched an inquiry into the firm's online advertising practices.
5G is a faster wireless network, but it's much more than just that -- it will change the way devices connect and talk to one another. Wireless carriers and major tech companies are going all out to plan for it. It's also a factor in the U.S. trade war with China, and a new ban prevents U.S. companies from working with Huawei, even outside of the U.S. where its tech is already banned.
Sidewalk Labs, an Alphabet subsidiary, has faced public scrutiny over its plans to build a smart city on Toronto's waterfront, adding obstacles for the project. CEO Dan Doctoroff laid out a new timeline for the project on stage at the Collision Conference in Toronto Wednesday. If the company gets the proper approvals this year, Doctoroff said the first buildings could open as early as 2023.
President Donald Trump’s move last week to put Huawei on an export blacklist amid a trade war with Beijing threatens to cut the tech company off from U.S. software and component suppliers. Telecom operators fear that could affect the functioning of its newest handsets as Huawei won’t get access to the most popular version of the Android mobile operating system developed by Alphabet Inc.’s Google. Britain’s BT Group Plc decided not to include Huawei phones in Britain’s first 5G network because of uncertainty over whether they could use Android, a spokesman for the carrier said.