|Bid||0.00 x 4000|
|Ask||0.00 x 900|
|Day's Range||51.30 - 52.00|
|52 Week Range||42.36 - 59.59|
|Beta (3Y Monthly)||0.67|
|PE Ratio (TTM)||11.68|
|Forward Dividend & Yield||1.26 (2.45%)|
|1y Target Est||N/A|
Apple is reportedly closing in on a deal to buy up Intel’s smartphone modem business. Plus Facebook is set to report earnings after the bell Wednesday. Yahoo Finance Tech Editor Dan Howley, joined 'The Final Round' to discuss.
Yahoo Finance's Julie Hyman, Adam Shapiro, Rick Newman, and D.A. Davidson Sr. Research Analyst Tom Forte further discuss.
Apple is reportedly looking to buy Intel's Smartphone Modem-Chip Business. In total, the deal could be valued at $1 billion. Santosh Rao of Manhattan Venture Partners joins Yahoo Finance's The First Trade to discuss.
A monumental deal may be in the cards for Apple and Intel. The iPhone maker is looking to acquire Intel's Smartphone Modem Chip business. The deal may be valued at one billion dollars or more, and could be reached by next week. Yahoo Finance’s Alexis Christoforus, Brian Sozzi, Andy Serwer and Dan Howley discuss.
(Bloomberg Opinion) -- Things aren’t so desperate for Huawei Technologies Co. after all.Just over a month ago we were told that the Chinese electronics giant was hunkering down for a drop of as much as 60 million units in overseas handset shipments this year. That was quite a blow, I wrote at the time, considering that consumer devices accounted for 45% of its revenue last year from sales of around 206 million units. This week, however, we learn that the target of U.S. sanctions is actually on track to post sales growth of around 30% in the first half of the year. The work by select teams to get critical components despite the ban and nail down fifth-generation mobile-network contracts are among key reasons for the suddenly sanguine revenue numbers, Bloomberg News reported Tuesday.Over the past year, the avalanche of news about Huawei has been dismal. The company is still on a U.S. blacklist that threatens to cut off supplies of American components and software, and its chief financial officer is under house arrest in Vancouver. While some U.S. tech executives have lobbied the Trump administration to ease restrictions on Huawei – which counts the likes of Alphabet Inc. and Intel Corp. among suppliers – the outlook remains uncertain. It’s unclear, at least to me, what end game U.S. President Donald Trump had in mind when he authorized the Department of Commerce to blacklist Huawei. (Trade war leverage certainly seems to have been part of it.) But it’s hard to believe administration officials would be so naive as to think they could shutter the company. Now Huawei’s victimization narrative has united Chinese, from bureaucrats to ordinary citizens, behind a common goal of technology independence. Trump may not realize it, but he’s fired the starting gun on a technology cold war that could wind up strengthening China’s homegrown champions.If Huawei can keep its 30% pace of sales growth through to the end of the year, it will have pulled off its strongest annual revenue increase since 2016. A lot of that will come from network equipment sales – with the smartphone market in a funk – and because we’re at the start of another capex cycle, as global telecom operators start to install fifth-generation systems.To be sure, Huawei might not get the same levels of market share it did for 4G networks. That’s not entirely due to the anti-Chinese campaign waged by the U.S. Some telcos are leaning toward options that give them more flexibility than they feel Huawei offers.We also can't ignore that half of the company’s revenue comes from overseas. Boosting demand at home could help compensate for lost business, but Huawei would still have to battle local rivals such as Xiaomi Corp., Oppo, Vivo and OnePlus for market share.The optimistic news about Huawei’s sales offers a bit of something for everyone. Skeptics can raise an eyebrow and claim that the Chinese company was crying crocodile tears over foreign attacks on its business. Fans, on the hand, can point to its resilience and determination. Both are correct.The bottom line is that Huawei is still in the fight – both in equipment and handsets – and it has the support of an entire nation behind it. That means it’s way too early to draft a eulogy for this Chinese hero.To contact the author of this story: Tim Culpan at firstname.lastname@example.orgTo contact the editor responsible for this story: Rachel Rosenthal at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
(Bloomberg) -- U.S. technology companies urged Japan and South Korea to negotiate a resolution to a dispute that threatens to up-end the global supply chain that the world’s top electronics brands rely on make their products.Five of America’s largest tech industry groups including the Semiconductor Industry Association, which counts Qualcomm Inc. and Intel Corp. among its members, issued a joint letter to Japanese Economy Minister Hiroshige Seko and South Korean Minister of Trade Yoo Myung-hee. They asked both sides to refrain from escalating their conflict, which flared after Japan slapped restrictions this month on exports to South Korea of three materials vital to the production of chips and cutting-edge screens.Resurgent tensions between Japan and South Korea threaten to wallop chipmakers from Samsung Electronics Co. to SK Hynix Inc., upsetting a carefully choreographed global supply chain by smothering the production of memory chips and other components vital to widely used devices.The groups’ letter is well-timed: U.S. National Security Adviser John Bolton is in Seoul Wednesday for wide-ranging talks that come on the same day that marks the end of a public consultation period on whether Japan should exclude South Korea from its so-called “white list” of trusted export destinations treated as presenting no risk of weapons proliferation. “Japan and South Korea are important players in these global value chains,” the trade groups, which also include the National Association of Manufacturers, wrote. “Non-transparent and unilateral changes in export control policies can cause supply chain disruptions, delays in shipments, and ultimately long-term harm to the companies that operate within and beyond your borders and the workers they employ.”South Korean suppliers of key materials for chipmakers have surged since Japan unveiled measures targeting its neighbor, buoyed by hopes that they may win new business from key players including Samsung and SK Hynix Inc.To contact the reporter on this story: Sohee Kim in Seoul at firstname.lastname@example.orgTo contact the editors responsible for this story: Peter Elstrom at email@example.com, Edwin Chan, Jon HerskovitzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Chipmaker Nvidia is at the forefront of AI and machine learning, but earnings and share prices have dived. Here is what fundamental and technical analysis say about buying Nvidia stock now.
It was setting up for another lazy trading session on Tuesday. But then reports began circulating that U.S. trade officials would head to Shanghai this weekend in an effort to make progress on a trade deal. That was the big event in the stock market today, despite a flurry of earnings reports. It sent the S&P 500 and Dow Jones up 65 basis points, while the Nasdaq rallied 0.58%.That being said, the trade situation remains both a risk and an opportunity depending on how talks progress. If China and the U.S. move closer to a deal, equities will respond favorably. If tensions flare again, the markets will feel the pain -- remember the price action in May?InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe trade war is just one of many considerations at the moment. Next week we have the Fed and investors are still trying to decide if it will cut rates 25 basis points or 50 basis points. Currently, the market is pricing in a 78% chance of a 25 basis point cut. Throw in all of the earnings reports and it's a lot for investors to digest. Top News in the Stock Market TodayThe rumors about Qualcomm's (NASDAQ:QCOM) future continue to fly. This time it's not the FTC or DoJ at the root, but Apple (NASDAQ:AAPL). You may remember that Apple and Qualcomm settled their legal disputes, netting a huge win for Qualcomm that shocked the market. That's why its stock erupted more than 50% in less than a month earlier this year. * 10 Stocks to Buy From This Superstar Fund However, QCOM stock is struggling Tuesday, down about 2.4%, on reports Apple is in talks to buy Intel's (NASDAQ:INTC) smartphone modem-chip business for $1+ billion. Apple doesn't toss around $1 billion lightly, but if it does for Intel's business, it could have lasting implications on Qualcomm down the road despite its multi-year supply deal with Apple.Staying in tech, a number of chip stocks caught a boost as the White House appears to be making good on lifting some of its restrictions on Chinese smartphone maker Huawei. The company orders billions of dollars worth of chips and supplies from U.S. companies and a potential resolution has many of these stocks rallying.Executives from the following companies met with President Trump to discuss Huawei, along with trade and national security: Micron (NASDAQ:MU), Broadcom (NASDAQ:AVGO), Qualcomm, Western Digital (NASDAQ:WDC), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Cisco Systems (NASDAQ:CSCO).Ford (NYSE:F) was in the spotlight Tuesday, mostly over its F-150. The automaker is being sued for allegedly falsifying fuel economy tests for the truck. However, if its latest design works out, emissions may not be an issue. Kidding aside, management posted a video of the all-electric truck prototype towing 1.25 million pounds worth of rail cars, showing just how serious Ford is about the vehicle.Remember, the F-Series has been the best-selling vehicle in the U.S. for 36 years. Big MoversSnap (NYSE:SNAP) stock will break the ice for social media stocks when it reports earnings after the close on Tuesday. Shares rallied almost 5% into the print, following a pair of analyst upgrades. Stifel and Rosenblatt analysts both upgraded Snap stock to buy, assigning price targets of $17 and $18, respectively. Shares are up 168% so far on the year.United Technologies (NYSE:UTX) and Lockheed Martin (NYSE:LMT) both beat on earnings per share and revenue estimates. Both companies also raised their full-year outlook. That says something about aerospace and defense, doesn't it? Despite the strong quarterly results, both stocks were barely changed on the day.Here's the trade setups for LMT and UTX, and it also includes Coca-Cola (NYSE:KO), which hit new all-time highs on Tuesday after it delivered a top- and bottom-line beat.After the close, investors will also hear from Chipotle Mexican Grill (NYSE:CMG) and Visa (NYSE:V). Before the open, we'll get reports from Boeing (NYSE:BA), AT&T (NYSE:T), Caterpillar (NYSE:CAT) and United Parcel Service (NYSE:UPS). * 5 Top Stock Trades for Wednesday: LMT, GE, KO, T Last but not least, we've got some analyst initiations for The RealReal (NASDAQ:REAL), which went public almost a month ago. Stifel and UBS analysts both initiated REAL with buy ratings and a $30 price target, while KeyBanc analysts also went with a buy rating, but assigned a $31 price target. From current levels, the latter represents about 22% upside.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long AAPL, T, V, AVGO and GOOGL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post Stock Market Today: Appleas Next Billion-Dollar Deal; Buy Snap Stock? appeared first on InvestorPlace.
A batch of solid earnings reports from some marquee companies pushed the major U.S. equity benchmarks to record highs today, an ascent aided by news that President Donald Trump and Congressional Democrats reached a budget agreement.Stocks were also buoyed by President Trump's Monday decision to expedite licensing decisions for U.S. technology companies doing business with controversial Chinese telecom firm Huawei Technologies. That decision was made after the president met with a group of tech CEOs."The CEOs expressed strong support of the president's policies, including national security restrictions on United States telecom equipment purchases and sales to Huawei," the White House said. "They requested timely licensing decisions from the Department of Commerce, and the president agreed. The group was also optimistic about United States 5G innovation and deployments."InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy From This Superstar Fund There was one concerning economic data point out today. The National Association of Realtors (NAR) said existing home sales dropped 1.7% last month to an annual rate of 5.27 million units as rising prices forced some buyers out of the market.Still, the Nasdaq Composite added 0.58% while the S&P 500 jumped 0.69%. The Dow Jones Industrial Average finished higher by 0.65%. Dow Jones Today: Earnings GaloreAs we have been discussing in this space, this week is chock-full of bellwether earnings reports. That certainly got the ball rolling in earnest with help from several members of the Dow Jones Industrial Average.Shares of Coca-Cola (NYSE:KO) surged 6.07% on volume that was nearly double the daily average. KO reached the highest levels in more than 50 years after the company said it expects to post organic sales growth of 5% this year, up from a prior estimate of 4% growth.The company posted second-quarter revenue of $10 billion, just ahead of the Wall Street estimate of $9.99 billion. Coca-Cola was by far the best-performing stock in the Dow today."Our strategy to transform as a total beverage company has allowed us to continue to win in a growing and vibrant industry," said CEO James Quincey in a statement. "Our progress is positioning the company to create more value for all of our stakeholders, including our shareowners."Shares of United Technologies (NYSE:UTX) gained 1.50%, potentially setting the stage for more enthusiasm for aerospace earnings reports, of which plenty more are coming this week. United Technologies said its second-quarter profit jumped to $2.20 a share on sales of $19.6 billion.More importantly, the industrial company served up its second batch of positive earnings guidance this year, likely accounting for much of the move in the stock today.Chemicals maker Dow Inc. (NYSE:DOW) was another Dow winner today, jumping 3.42% ahead of its Thursday earnings report and adding to its recent hot streak. Analysts are expecting earnings of 86 cents a share on sales of $11.3 billion. Bottom LineThe theme of positive earnings surprises continued today. Large-cap technology stocks also hit records Tuesday. It should be noted that the widely-followed PHLX Semiconductor Index is higher by over 11% over the past month, indicating that some believe the U.S. and China will come to meaningful terms on trade.Dow component Intel (NASDAQ:INTC), one of the largest semiconductor makers, reports earnings on July 25 after the close. Intel is one of the smaller Dow members, but its earnings update could go a long way in determining near-term risk appetite. Fortunately, analysts are bullish on chip stocks over the near-term."The recent industry group outperformance versus the broad market potential restarts the bullish dynamic that dominated in the first quarter, but we need to see other cyclically sensitive markets follow along to build that confidence," according to J.P. Morgan.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post Dow Jones Today: Earnings Drive Stocks to Record Highs appeared first on InvestorPlace.
Apple is closing in on a deal to possibly pay over $1 billion to Intel for a division that has been unprofitable. Here’s why it could work out well for both companies.
A possible deal between Intel Corp. and Apple Inc. over smartphone modems pressures shares of Qualcomm Inc. and weighs on shares of Micron Technology Inc. as analysts debate whether Intel may sell off memory assets next.
If Apple acquires Intel's assets, Searle said it would imply Sequans, a provider of single-mode LTE wireless semiconductor solutions, is among the shrinking population of non-Chinese and non-vertically integrated 4G and 5G silicon suppliers. Apple's tie-up with Intel's asset could create a scenario where all non-Apple and Intel baseband customers will be "fair game" for merchant suppliers like Sequans to target.
Jim Cramer has some advice for investors listening to their market gurus, and he weighs in on how markets are doing with the slew of earnings that we've received and what he thinks of the reported offer ...
5G is anticipated to spur the smartphone industry out of its slump. Apple (AAPL) is making a big bet on 5G with a potentially $1 billion deal with Intel (INTC) in the works.
Apple is said to be buying Intel's 5G modem business to integrate the technology into its iPhones and bring it on line in 2020. These ETFs would rally if the move materializes.
Delta, Potbelly, Intel, Samsung and Advanced Micro highlighted as Zacks Bull and Bear of the Day
If the deal goes through, Apple would acquire patents and staff for the development of chips to take advantage of 5G wireless technology.
Intel (NASDAQ:INTC) is set to report earnings on Thursday. It should be a most fascinating earnings report. That's because Intel stock has been stuck in the middle of many cross-currents in recent weeks.Source: Shutterstock Last year, Intel stock hit $60, reaching its highest level in nearly two decades. It sharply fell back last winter. But it rebounded this spring and again reached $60. It appeared Intel stock was finally ready to top its all-time high of $75 from back in 2000. But it hasn't happened yet. Instead, a terrible earnings report and more trade war worries caused investors to dump their Intel shares.After Intel fell a quick 25%, however, it stabilized and is starting to move back up again. It's at a pivotal point heading into earnings. A good report could easily spike the stock above $60 in the coming months. But another weak quarter would mark a negative trend and kill all of Intel's momentum.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy From This Superstar Fund Intel and the Trade WarIntel got absolutely lit up on its last earnings report, falling as much as 13% the day after. That's nearly unprecedented for the firm. It's not hard to see why. The company guided down its revenue outlook for the year from $71.5 billion to $69 billion. If that's the final figure, it will represent a year-over-year decline for the firm.Shortly thereafter, Intel updated its three-year outlook with similarly disappointing guidance. It sees revenues growing at only a low single-digit rate, as fast data center growth is offset by its no growth PC business.On the latest conference call, management spent a great deal of time talking about cutting costs and focusing on core products. That makes sense since the current business environment isn't rewarding growth projects.With it unclear how long the U.S.-China trade dispute will continue, it's difficult for semiconductor companies to make any solid plans for the future. Other big firms, like Texas Instruments (NASDAQ:TXN) have recently announced major delays in new capital spending for similar reasons.The world's consumer electronics market risks a significant slowdown if global trade flows remain diminished. And that's a major problem for Intel's prospects in many of its product lines. A Potential Huawei Silver LiningWhile the trade war is a major drag on Intel's prospects for the rest of 2019, there is a positive. Huawei in particular remains in the doghouse. The Trump administration made a truce with China over electronic components, but there's no guarantee that it will be extended. Firms are nervous to buy Huawei products for now.This gives Intel and Qualcomm (NASDAQ:QCOM) a big opportunity in 5G. Huawei was supposed to be the leading global supplier of 5G equipment. But big countries like the United Kingdom are now reconsidering whether they should buy goods from Huawei at all.This is particularly good timing, as far as Intel is concerned. Europe just made a ruling on the rollout for connected cars, favoring a 5G solution over a wifi-based one. This should ensure that EU countries roll out 5G quickly and buy routing gear from Intel, which has focused on 5G automotive equipment. Intel Remains A Cheap StockTech stocks have been flying lately. And for a while, INTC stock was going with them. But since the latest correction, Intel's stock price is far below where you'd expect from looking at its peers.At this point, Intel is trading at just 11.5x trailing earnings. Despite the flattish revenue picture, analysts expect earnings to rise slightly over the coming 12 months, putting the forward P/E ratio closer to 11x. And if and when the trade war ends, analysts will raise their EPS targets for Intel going forward.Assuming no imminent resolution to the trade war drama, Intel should earn something like $4.50 going forward. A 10x P/E ratio on that gets you a $45 stock price. That limits the downside nicely. A 12x P/E ratio - hardly aggressive - gets you to the low $50s. 15x earnings, which would be a nice expansion for Intel but not expensive compared to peers, would get Intel stock up to $67. Intel Stock VerdictUltimately, Intel will finally break out of this two-decade consolidation period. That's right; Intel stock will break to new all-time highs above $75 per share over the next couple of years. The market is totally ignoring the company's great strides in automotive and other growth areas.Instead, it is simply valuing Intel as a boring commodity computer chip maker that is on a relative downswing against archrival AMD (NASDAQ:AMD) for the time being.Throw in the tariff troubles, and traders have made Intel stock one of the cheapest big tech companies out there. This situation won't last forever. Intel is a buy and could shoot up on earnings this week with the slightest hint of improving business conditions going forward.At the time of this writing, Ian Bezek owned INTC, QCOM, and TXN stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post With a More Diverse Future, Intel Stock Is a Buy Ahead of Earnings appeared first on InvestorPlace.