1,199.00 +1.62 (0.14%)
After hours: 5:23PM EDT
|Bid||1,198.20 x 1000|
|Ask||1,199.99 x 900|
|Day's Range||1,190.00 - 1,209.44|
|52 Week Range||977.66 - 1,291.44|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||27.40|
|Earnings Date||Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,343.80|
Apple Arcade is more than a typical virtual games store, the company explained on Monday.
Ahead of Apple's big streaming announcement, YouTube cancels plans for Hollywood shows. Yahoo Finance's Adam Shapiro, Julie Hyman and Brian Sozzi discuss.
AT&T, Viacom, Tesla, YouTube, Amazon and Nintendo are the companies to watch.
You might soon have an easy way to let Google Maps users know when you're hosting a big get-together. Android Police has discovered that Google is quietly giving at least some Android users the option to create public events. If you have it, you can go to the Contribute tab and create a party, a meet-up or another public gathering, complete with optional descriptions, categories and web links.
The service, called Apple Arcade, will be integrated into the App Store and will include more than 100 games exclusive to the service and Apple’s platform. The games will synchronize across iPhones, iPads, Mac computers and Apple TVs, and will work offline, the company said Monday during a presentation at its Cupertino headquarters.
Europe's creative industries are urging EU lawmakers to back a proposed overhaul of the bloc's copyright rules, putting them at odds with internet activists who oppose a requirement to install filters to block copyright material. The European Commission wants to reform copyright rules to protect Europe's cultural heritage and ensure fair compensation to publishers, broadcasters and artistes. The European Parliament is due to vote on the Commission's proposal on Tuesday.
This article is a part of InvestorPlace's Best ETFs for 2019 contest. Tom Taulli's pick for the contest is the Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ).In early December, I wrote a post for InvestorPlace.com regarding my pick for the Best ETFs for 2019 contest. My pick: The Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ).At the time, the markets were in the bear phase, and tech stocks were getting hit particularly hard. But of course, within a couple weeks, things would improve in a big way.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo what about the BOTZ stock now? Well, the year-to-date return has been solid, with a gain of nearly 19%.Now when it comes to AI and robotics, I think there should be a long-term focus. The fact is that these industries are quite volatile and highly competitive, with huge players like Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), Microsoft (NASDAQ:MSFT) and Facebook (NASDAQ:FB). * 7 Marijuana Stocks to Play the CBD Trend Yet I think the risks are well worth it since AI and robotics represent some of the most strategic categories in technology. Consider the following stats: * IDC predicts that spending on robotics and drones will rise this year by 17.6% to $115.7 billion and hit $210.3 billion by 2022. * IDC also forecasts that global spending on cognitive and AI systems will go from $24 billion in 2018 to $77.6 by 2022.As for the BOTZ ETF, it has 37 holdings in its portfolio -- with assets over $1.5 billion -- and a reasonable expense ratio 0.68%. Some of the top holdings include Nvidia (NASDAQ:NVDA), Intuitive Surgical (NASDAQ:ISRG), Keyence (OTCMKTS:KYCCF) and OMRON (OTCMKTS:OMRNY). The fund also has much exposure in international markets, with 17.44% in Europe and 48.94% in Asia.In fact, BOTZ stock only had two losers for the year so far. There is ABB (NYSE:ABB), which dropped a mere 1% and Renishaw (OTCMKTS:RNSHF), which was off about 10%.OK then, so what were some of the big winners for BOTZ stock? Let's take a look: * NVDA - 33%: The company's GPUs (Graphics Processing Units) have proven quite adept for AI because of the ability for intensive processing. And NVDA has been aggressive, building out solid businesses in the datacenter and self-driving cars. Yet during the quarter, the company also agreed to shell out $6.9 billion for Mellanox Technologies (NASDAQ:MLNX), which develops sophisticated ethernet switches. The deal, which is expected to be accretive, will expand NVDA's footprint in the data center and will also help with AI applications. * iRobot (NASDAQ:IRBT) - 47%: The company reported solid results for the fiscal fourth quarter, with earnings soaring from 16 cents a share to 88 cents a share and revenues jumping by 17.7% to $384.7 million. The Street, on the other hand, was looking for earnings of 50 cents a share and revenues of $381 million. During the holiday quarter, IRBT saw lots of traction with its innovative Roomba i7 and i7+ robots, as well as a strong performance in the Japanese market.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post Best ETFs for 2019: The Global X Robotics and AI ETF Powers Ahead appeared first on InvestorPlace.
Truth be told, investors were quietly anticipating a turnaround by Micron Technology (NASDAQ:MU), given the 30%(+) rebound MU stock has dished out since its late-December low.Source: Shutterstock Thursday's 10% post-earnings gain by MU stock simply underscores that optimism. While MU's fiscal Q2 numbers weren't great, they topped estimates, and the company believes that a DRAM pricing rebound will take shape in the latter half of this year. * 7 Marijuana Stocks to Play the CBD Trend And yet, it's not quite the ideal time to wade back into Micron stock. It's getting close, but this entry point is a little less than perfect. Would-be buyers of MU stock may want to wait for the dust to settle and step in when the volatility of Micron stock has cooled.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Earnings BottomedFor the quarter ending in February, computer-memory maker Micron turned $5.84 billion worth of revenue into an operating profit of $1.71 per share. Both were better than expected. Analysts were calling for earnings of only $1.67 per share of MU stock and sales of $5.82 billion.Still, the company's top line sank 21% year-over-year, and its operating earnings were off to the tune of 39%.The slump from year-ago numbers is entirely a reflection of waning DRAM and NAND prices… the two kinds of memory that most modern electronic devices require to function. Sixteen gigabytes worth of DDR4 DRAM memory chips are selling for almost half of their early 2018 prices, as a supply glut chewed away at MU's pricing power.Micron, along with rivals Samsung (OTCMKTS:SSNLF) and SK Hynix, over-aggressively ramped up production in 2017, looking to capitalize on then-rising memory prices.The worst period for MU stock may be coming to a close, though. CEO Sanjay Mehrotra commented "Although fiscal Q2 pricing came in below our expectations, we are optimistic that demand elasticity and seasonal trends will support improving demand growth in the second half of the calendar year."Even though some analysts are skeptical, most investors aren't.In a way, both groups may be right. This Time Is DifferentThe price-crimping memory glut is nothing new. The industry saw one take shape quite decisively in 2015, as well as in 2011. MU stock struggled in both instances.But investors are reacting to this glut differently. This time, having learned from the prior two gluts that they eventually come to an end, investors anticipated the rebound of MU stock. In fact, they over-anticipated it, lifting MU stock too far, too fast, so to speak.The 2013 rebound that followed the 2011 DRAM glut was a slow, rolling, methodical affair.So was the 2016 turnaround from the 2015 headwind.This time, however, has been unlike the outcome of prior gluts and recoveries. This time, a V-shaped turnaround has taken shape, and rather than gradually accelerating out of a rut, Micron stock has bolted out of it. The pace is too hot, and thanks to Thursday's bullish gap, those who doubt MU stock have another reason to take profits.But the price action of MU stock is understandable. History has shown that the memory supply glut/recovery cycle is reliable enough to preemptively gamble on. BMO Capital Markets analyst Ambrish Srivastava notes the company is helping itself, too, by shuttering some production and lowering capital expenditures, enabling excess supply to be soaked up.Evercore ISI analyst C.J. Muse adds that MU stock may benefit from a tailwind, driven by a seasonal increase in smartphone production and the ongoing growth of data centers operated by major cloud companies like Amazon.com (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL).The trick will be figuring out the exact timing of the DRAM price turnaround and determining when investors will start to price that into the value of MU stock. The two may not take shape at the exact same time. Looking Ahead for MU StockThe reversal of MU stock since late-December has been impressive, as was the renewal of that rally since early March. However, Thursday's big jump -- which left behind a gap -- has made it very difficult for MU stock to continue rallying without peeling back and regrouping first. That regroup could be a multi-week or even a multi-month process.Or maybe that's not what has to happen at all.While the rally was (not surprisingly) stopped cold at the green 200-day moving average line on Thursday, anything's still technically possible. If MU stock can hurdle that moving average line within the next few days, it's possible investors will see that as a bullish catalyst and begin buying into it in earnest.There's certainly no valuation problem for MU stock at its current level of only 7.5 times the coming year's expected earnings. But such a thrust may also turn into a proverbial "last hurrah" for the current upward push of MU stock.More realistically, traders will likely see that the recovery from December's bottom has not only been a little too hot, but that it's been a little too volatile. The market may ultimately choose to let Micron stock settle down at its current level.That stability may materialize right around the time we get a meaningful grasp on whether or not DRAM prices are truly rebounding.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post It's Almost Safe to Step Back Into Micron Stock appeared first on InvestorPlace.
Google’s video platform has canceled a couple of its high-end shows and is no longer taking pitches for new ones.
Here’s syndicated columnist Adriana Cohen: “For starters, Twitter, Facebook, Google and other Silicon Valley tech companies should remove all Russian collusion conspiracy theorists from their platforms.” After all, the argument runs, Alex Jones and his Infowars was deplatformed. Why not (asks Cohen) treat those who spread the collusion story the same way?
MADRID/SAN FRANCISCO (Reuters) - An independent study lead by an academic group in Spain has shown that what personal information can be collected by pre-installed programs on new Android mobile devices is expansive and faces little oversight. The study did not look at whether the EU's General Data Protection Regulation laws would bring greater oversight to pre-installed apps on Android devices.
It will be a very interesting next few years for Apple (NASDAQ:AAPL) as the company continues to pivot its business model. We've seen a more than 40% haircut in Apple stock from its fourth-quarter highs to its lows. That's an extreme fluctuation for any stock, let alone for a company that was the largest by market cap before the decline.Source: Shutterstock With its changing business model though, it may be time to start rethinking Apple stock going forward.Historically, the company has garnered a low valuation, in part because investors think of AAPL as a hardware company susceptible to the whims of consumers. That's one reason why Apple has generally commanded a lower valuation than its mega-cap peers like Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG) NASDAQ:GOOGL).InvestorPlace - Stock Market News, Stock Advice & Trading TipsShould the rhetoric change though? Apple's Business Model Is ShiftingAre you familiar with the razor blade business model? The strategy involves a company practically giving away a shaver with the hope of generating replaceable razor sales. The goal is to get consumers to replace the blades as they dull, essentially securing recurring revenue in the future. This type of business could be thought of as one of the early subscription models -- the same model that cloud companies garner such a high valuation for. * 10 Monthly Dividend Stocks to Buy to Pay the Bills Because of this secured revenue, companies will practically give the razor away for free in hopes of hooking new customers. AAPL is sort of like that, only instead of giving away iPhones and iPads, the company is generating record profits and commanding industry-leading margins.As if this model weren't profitable enough, Apple's goal isn't simply iPhone sales. Instead, it's using this base of a billion-plus devices to drive Services revenue. Whether that's through AppleCare, Apple Pay, iTunes, subscriptions services or App Store sales. As the number of devices grows and we become a more digitized economy, Apple is set to reap massive rewards. Can AAPL Earn $15 in 2021?Needham analysts recently upgraded Apple stock from buy to strong buy.In doing so, the analysts also upped their target on the AAPL stock price from $180 to $225. They argued that AAPL should be viewed more like an ecosystem rather than just a product company.Then Cowen analysts slapped a $220 price target on AAPL stock after initiating it as a buy. Analyst Krish Sankar said, "We view the Services business as an investable long-term theme as EPS contributions can double to $6 by fiscal year 2021, and increasing recurring revenues should drive a higher multiple."Consensus estimates call for Apple to earn $14.21 per share in 2021. If Sankar is right and Services continues to hum, perhaps the company could be pushing $15 in earnings-per-share. If Apple garners even more momentum in its Services unit, that figure could swell even higher. Of course, that may depend on some of its Monday, March 25 announcements. Many are expecting new subscription services to be announced by AAPL. * 7 A-Rated Stocks to Buy in the Second Quarter Apple Stock: There Are RisksWhile iPhone sales are the company's bread and butter, and although Services growth is robust -- now churning out $10 billion per quarter in revenue -- Apple isn't immune. First, I didn't like the company's strategy in changing iPhone names. It's the first time I've heard confusion from a large portion of customers. Because Apple makes great products, it means consumers don't have to upgrade as often as management may wish. Either way, the added confusion doesn't help drive any more customers through Apple's front door.Second, there has been a lot of pushback by companies -- like Spotify (NYSE:SPOT) -- and developers for the percentage fee Apple takes from App Store sales. Should Apple have to trim its fee, revenue and profit will be hurt.Finally, whether we classify Apple as a hardware company, a software, services and subscription company or something in between, it all hinges on one thing: the consumer. If the economy falls into recession, Apple's top and bottom lines will suffer.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, he was long AAPL, GOOGL and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post Why Apple Stock Could Get a Massive Lift By 2021 appeared first on InvestorPlace.