Inside Bar (Bearish)
|Bid||59.22 x 800|
|Ask||59.33 x 1100|
|Day's Range||58.97 - 59.81|
|52 Week Range||43.63 - 69.29|
|Beta (5Y Monthly)||0.80|
|PE Ratio (TTM)||11.46|
|Earnings Date||Jul 23, 2020|
|Forward Dividend & Yield||1.32 (2.23%)|
|Ex-Dividend Date||May 06, 2020|
|1y Target Est||63.52|
Buying a dividend stock that's cheap can be a great way to maximize the returns you'll make from owning it. Not only will you earn dividend income, but you can also benefit if the stock rises in value. Walgreens Boots Alliance (NASDAQ: WBA) hasn't gotten a whole lot of love this year as its share price is down 29% year to date, which is much worse than the S&P 500 (down 3%) has done thus far.
The months leading up to the U.S. presidential election in November will be choppy, especially if Democrat Joe Biden extends his poll lead. The EU needs to agree on a $750 billion recovery fund proposal. A wave of foreign money has hit mainland China's markets as the second half of 2020 kicks in.
(Bloomberg Opinion) -- The internet, once a freewheeling global network, is becoming balkanized into national spheres of influence. This could be bad for both cross-cultural communication and U.S. tech companies.China has long protected its local internet, censoring speech behind what has become known as the Great Firewall. The government blocks U.S.-based services such as Google, Facebook and Twitter, and closely monitors the local Chinese versions. Other authoritarian and quasi-authoritarian countries -- Iran, Turkey, Pakistan, Vietnam, Ethiopia – do the same. And Russia recently passed a so-called sovereign internet law that makes it much easier for the government to monitor and control online content.Now democracies may be joining in. India just banned 59 of China’s largest internet apps, including social video sharing service TikTok, reflecting rising tensions between the two giant Asian countries. It has also shut off internet to regions experiencing government crackdowns or unrest, such as Jammu and Kashmir in 2019. In Europe, major rules such as the General Data Protection Regulation are forcing internet companies to operate differently in different regions. Though this doesn’t officially ban or censor U.S.-based sites like Facebook, it does present an obstacle that could end up inhibiting the flow of information.This was probably inevitable. Different cultures perceive concepts such as privacy differently. And as U.S. global hegemony gives way to a more multipolar world, countries are going to assert their sovereignty by refusing to play by U.S. rules. Further unrest, like the protests that rocked the world in 2019 or tensions between countries such as China and India, are likely to accelerate the trend towards digital division.This could be tough on U.S. tech companies. Facebook, Twitter, Instagram and YouTube don’t owe their profitability to superior technology, other than some techniques for managing large amounts of user data. They make money because they have a lot of eyeballs to which they can deliver advertisements.And they have those eyeballs because of network effects. It’s easy to make a Twitter clone -- Gab tried it a while ago, and a new entrant called Parler is trying it now. But it’s incredibly hard to get people to switch, because the first people who make the jump will find themselves mostly alone, with everyone they know and want to read still back on Twitter. Similarly, people use Facebook, Instagram, Snapchat, and other social media services because everyone else does.Captive advertising targets translate into enormous profits. Facebook, Inc., which dominates the social media landscape, has a profit margin that typically ranges between 20% and 40%. Its market cap as of early July was about $647 billion, or 2.6% of the entire S&P 500.Regional balkanization, though, slices through network effects. If services like Facebook are banned in some countries and heavily restricted in others, users will have less company. Most people’s contacts and friends will tend to be in the same country, but not all. And outright bans will cut some services off entirely from huge markets like China, while restrictions like GDPR will force them to invest in expensive localization.This is an unfortunate side effect of nationalism and unrest. But it’s also reason to worry about a technology industry whose profitability stems mostly from network effects, not know-how. Actual innovations, like Intel Corporation’s semiconductor manufacturing processes, Amazon.com, Inc.’s cloud computing systems, or Google LLC’s machine learning algorithms give these companies some clout: if a country decides it doesn’t want to buy Intel’s chips, it will suffer a real economic penalty. But if a country decides to create its own Facebook clone, it will lose little, while Facebook’s American owners and workers will lose a lot.A free and open global internet may one day reemerge. In the meantime, U.S. companies and policy makers should think about how to invest in products whose value isn’t so subject to the whims of foreign authorities.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Noah Smith is a Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Zoom, one of the few success stories of the Covid-19 pandemic, now faces a new competitor in an app backed by Asia’s wealthiest person Mukesh Ambani.Ambani’s Reliance Industries Ltd., which has scored billions of dollars of investments from Facebook Inc. to Intel Corp. for its digital businesses, has launched the JioMeet video conferencing app after beta testing. The app has already garnered more than 100,000 downloads on the Google Play Store after becoming available Thursday evening.Like Google Meet, Microsoft Teams and other services, JioMeet offers unlimited high-definition calls -- but unlike Zoom, it doesn’t impose a 40-minute time limit. Calls can go on as long as 24 hours, and all meetings are encrypted and password-protected, the company said on the JioMeet website.The launch coincided with a nationwide ban on dozens of popular apps from Chinese technology giants including ByteDance Ltd.’s TikTok and Alibaba Group Holding Ltd.’s UC Web, on grounds they threatened security and data privacy. JioMeet went viral Friday on social media alongside the hashtag MadeinIndia.The app is one facet of Ambani’s rapidly expanding digital empire, which includes India’s largest telecom operator with nearly 400 million users. On Friday, Reliance announced Intel Capital has invested $253 million into Jio Platforms Ltd., a unit of Ambani’s oil-to-retail conglomerate. The U.S. chipmaker’s arm is the 11th investor in about as many weeks to announce its backing for the digital services platform, which has now raised about 1.2 trillion rupees ($15.7 billion).“JioMeet will be a very credible disruptor in the space,” said Utkarsh Sinha, managing director of boutique consultancy Bexley Advisors. “Just the fact that it has no time limits on calls makes it a serious challenger to Zoom, despite its entrenchment.”Jio Platforms is amassing a wide range of services from music streaming to online retail and payments, fast turning into an ecommerce juggernaut that can take on Alphabet Inc.’s Google and Amazon.com Inc on its own home turf. Like elsewhere, video conferencing apps have become lifelines for millions of Indians working in cramped homes during Covid-19 lockdowns.JioMeet is also debuting at a time Zoom users have accused the service of security flaws. It’s been accused of siding with China after deactivating accounts of pro-democracy activists in the U.S and Hong Kong, which it said was intended to comply with Chinese law.(Adds total investment in Jio in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
How far off is Intel Corporation (NASDAQ:INTC) from its intrinsic value? Using the most recent financial data, we'll...
(Bloomberg) -- The technology venture of billionaire Mukesh Ambani secured 18.95 billion rupees ($253 million) from Intel Capital, adding to a slew of investments since April that have reached more than $15 billion.The investment arm of computer chip giant Intel Corp. agreed to buy a 0.39% stake in Jio Platforms Ltd., giving the business an equity value of $65 billion, Ambani’s conglomerate Reliance Industries Ltd. said in a statement Friday.Intel Capital joins global names including Facebook Inc., KKR & Co. and Silver Lake Partners in backing Ambani’s bid to transform Reliance into a digital services giant and reduce its dependence on revenue from oil refining and petrochemicals.Read more: Reliance Says It’s Net-Debt Free After $15 Billion Jio Deals“Through this investment, we are excited to help fuel digital transformation in India, where Intel maintains an important presence,” Wendell Brooks, Intel Capital president, said in the statement.Morgan Stanley acted as financial adviser to Reliance Industries.Ambani’s digital unit has sold about 25% in stakes and has said it reached its goal of reducing net debt to zero earlier than its March 2021 target. Jio is expected to use its roughly 400 million wireless phone subscribers as the cornerstone of an e-commerce and digital services business.Read more: Saudi Stake Purchase Takes New Investments in Jio to $15 BillionThe slew of stake sales and progress in cutting debt have helped Reliance Industries shares double since late March. On Friday, the stock gained as much as 1.9% to a record 1,793 rupees.(Updates share price in final paragraph. A previous version of this story corrected the amount of PIF’s investment in the table.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Indian shares ended at near four-month highs on Friday, boosted by Reliance Industries Ltd after Intel Corp agreed to invest in the Asian conglomerate's digital unit, although a record spike in domestic COVID-19 cases curbed gains. The benchmark indexes finished higher for a third consecutive session, with the NSE Nifty 50 index rising 0.53% to 10,607.35 and the S&P BSE Sensex advancing 0.5% to 36,021.42. Both indexes notched their third straight weekly gain.
Intel Corp's <INTC.O> investment arm will pay some $255 million for a small stake in Reliance Industries Ltd's <RELI.NS> digital unit Jio Platforms, the latest in a slew of share sales that have helped the Indian conglomerate pay down debt. Reliance has now sold just over a quarter of Jio Platforms, the unit that houses its telecoms venture Jio Infocomm and its music and movie apps, raising $15.8 billion from investors including Facebook Inc <FB.O> and KKR & Co <KKR.N>. The deals highlight Jio Platforms' potential to become the dominant player in India's digital economy.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
It's been over a decade since AMD (NASDAQ: AMD) spun off its semiconductor manufacturing segment, the company now known as GlobalFoundries. During the depths of the Great Recession, the deal was deemed necessary to help AMD survive, although AMD maintained the long-term vision was to refocus on technology, chip design, and better investment returns.
Advanced Micro Devices (NASDAQ:AMD) stock rode out the novel coronavirus. But, after seeing shares rebound from their March sell-off lows, what's next for the CPU and GPU powerhouse? Right now, shares hold steady between $50 and $55 per share. Yet, what factors could move the needle? Conversely, what risks could send shares lower?Source: Joseph GTK / Shutterstock.com On one hand, you have several catalysts still in motion. Namely, strong end-user demand. But also, the company's continued success grabbing market share from rivals Intel (NASDAQ:INTC) and Nvidia (NASDAQ:NVDA).On the other hand, shares could easily dip from today's price levels. Valuation-wise, AMD remains "priced for perfection." That is to say, much of its potential is already priced into shares.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo far, the company has been able to keep investors happy. With the pandemic in a tailwind, not a headwind, strong growth continues. Yet, if the outbreak further impacts the economy, demand could fall, derailing the growth train for this "story stock."With this in mind, buying today doesn't look like a winning move. If you own it, it may be time to sell. If you haven't bought in yet, it may pay to stay away. Why AMD Stock Could Still Head HigherAdmittedly, I've been an Advanced Micro Devices "permabear." Yet, I can see why many continue to be highly bullish on this "too hot to touch" name. * 9 Florida Stocks to Avoid as Coronavirus Rates Spike As InvestorPlace's Chris Lau wrote Jun 26, strong gaming demand and market share growth remain major factors in this company's corner. The "stay-at-home" economy has been a boon for the video game industry. And that's a massive tailwind for the company's GPU business.Regarding market share growth, the company continues its rivals' lunch. As this commentator noted, AMD's Ryzen and EPYC product lines continue to gain at Intel's expense. With GPUs, the company is gaining ground against Nvidia.Shares could move higher on this factor alone. But, there are other potential needle-movers in the tank. With the company on the right side of future trends like artificial intelligence, it's easy to see why many believe the growth train could continue through the 2020s.Yet, everybody knows that AMD has many things going for it. That's why analysts like RBC Capital Markets remain highly bullish on the stock, giving shares a $66 per share price target.However, things could turn on a dime. If the pandemic starts to hurt tech like it has done to hard-hit service industries, shares could fall, as the growth story comes to a halt. How A Dip Could Be Just Around The CornerGranted, there are several reasons why AMD stock could rise even higher. On the other hand, there are an equal number of reasons why shares could dip from today's prices.Firstly, valuation. With a forward price-to-earnings (P/E) ratio of 48.9, shares remain richly priced.Sure, Nvidia stock trades at a similar forward multiple (45.3). But, that doesn't tell us much whether shares are overvalued or not. With their strong growth prospects, both names trade at a tremendous valuation multiple to "dinosaur" Intel.Yet, it's tough to say its growth alone driving the rich multiples for both names. Or, if FOMO, along with momentum traders, are what's driving their respective high valuations.It's tough to call the top in overall markets, let alone individual stocks. But, it's easy to see that AMD stock is topping out, and that there's little share price upside left on the table.But plenty of downside. As InvestorPlace's Mark Hake wrote Jun 16, demand could cool off in the second half of 2020. If a recessionary environment continues, demand for electronic devices, gaming consoles, and cloud computing could taper off. And that will lower demand for AMD's chips by its end-users.That's not to say sales are going to contract. But it could mean growth takes a breather. And, if the company falls short of its 20%+ growth projections, expect shares to fall substantially lower from where they sit today. Get Out of AMD Stock Before The Tides TurnWith shares treading water for nearly three months, Wall Street can't decide if this stock should head higher or lower. But, weighing catalysts against risks, it seems shares are more likely to tumble than rally higher.The easy money's already been made by those who got in early. Those who bought in at today's high valuation? They could wind up holding the bag.Bottom line: if you bought at lower prices, it's time to cash out of AMD stock. If you haven't jumped in yet? Steer clear for now.Thomas Niel, contributor to InvestorPlace, has written single-stock analysis since 2016. As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post The Easy Money Has Already Been Made With AMD Stock appeared first on InvestorPlace.
(Bloomberg) -- Imagination Technologies Group sees a chance for more engagement with its most high-profile customer, Apple Inc., this year as the British chip designer works to move on from a controversy over its ties to China.The company’s new licensing agreement with Apple “certainly opens the door for more engagement with that company,” interim Chief Executive Officer Ray Bingham said in an interview. They announced in January they’d signed a multi-year license deal giving the Silicon Valley company access to a wide-range of Imagination’s designs.Imagination isn’t allowed to discuss its relationship with Apple beyond saying the Cupertino, California-based company is a licensee, but news that the computer maker is planning to start making more of its own chips doesn’t affect “our relationship with Apple in any negative way,” Bingham said.Apple has split from chipmaker Intel Corp., deciding to make more of its chips in-house for the next generation of Mac computers. That could open the door for companies that license designs for semiconductors to win new business with Apple.Imagination’s January agreement marked a turnaround from April 2017, when it warned that the U.S. giant would no longer use its technology within 15 months to two years. At the time, Apple accounted for more than half of Imagination’s sales, and the announcement lead to a plunge in the U.K. company’s stock.China RowImagination was acquired by private equity firm Canyon Bridge Capital Partners for more than 500 million pounds ($616 million) later that year. State-backed China Reform is the firm’s primary investor, accounting for 99% of its fund.Bingham, a partner at Canyon Bridge, is trying to push the company forward after a brief plan to put representatives from China Reform on the board resulted in a backlash and the resignation of Ron Black as CEO of Imagination.After the proposal was withdrawn, the U.K. Parliament’s cross-party Foreign Affairs Committee asked Bingham to appear in May to reassure lawmakers that the move wasn’t part of a plan to shift sensitive British technology to China. He said the appointments were meant to help the company increase its customer base in the country.Imagination is in talks for a new CEO, who will be based in the U.K., and has narrowed the field to three or four candidates, Bingham said. The firm is also in the process of appointing new independent board members, which Bingham promised during his parliamentary appearance, he said.Chief Technology Officer John Rayfield, who had also resigned during the board nominee row, is still serving out a six-month notice period. But Bingham said he expects Rayfield’s resignation to be withdrawn.Read more: U.K. Chipmaker Said Chinese Investor Pushed for Board NomineesImagination still plans to go ahead with expansion plans in China, announcing a deal with Chinese semiconductor company Rockchip this month, and is using its connections at China Reform to open doors with other potential customers, Bingham said.Licenses for the company’s new technology, announced at the end of last year, are driving growth in 2020. The GPUs are attracting customers including carmakers, which use them in entertainment and dashboard systems, as well as those involved in the internet of things. The firm also has a number of licensees for its technology used in laptops and desktop computers.“Certainly every technology company in the world is trying to penetrate China,” Bingham said. “It’s a vast and growing market.” Imagination isn’t working on any projects that might touch on national security, he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
DOW UPDATE Led by strong returns for shares of Intel and Goldman Sachs, the Dow Jones Industrial Average is climbing Tuesday afternoon. The Dow (DJIA) was most recently trading 78 points (0.3%) higher, as shares of Intel (INTC) and Goldman Sachs (GS) are contributing to the blue-chip gauge's intraday rally.
The coronavirus pandemic is “not even close to being over,” according to the head of the World Health Organization, and the worst is still to come, in what was a grim assessment of the state of affairs some six months after the first cases were reported in China.
Sparked by social protests over systemic racism, the tech industry is laying out concrete plans to increase diversity within their workforces. Here are the plans that have been publicly announced by some of the biggest names in technology.
DOW UPDATE Powered by positive momentum for shares of Goldman Sachs and Intel, the Dow Jones Industrial Average is climbing Tuesday afternoon. The Dow (DJIA) was most recently trading 77 points, or 0.
(Bloomberg) -- Natasha Bhat learned in late February that her father-in-law had suddenly died. Bhat, 35, recently recalled how she grabbed a backpack and hustled her U.S.-born 4-year-old son to the San Francisco airport to catch a midnight flight to India, her home country. She didn’t anticipate being stuck there indefinitely. Bhat works at a tech company in Silicon Valley on an H-1B visa, and her documents were due for renewal. So she threw them in the bag, knowing she’d have to get the chore taken care of before flying back to the U.S. in a few weeks. But she said her mid-March appointment at the U.S. consulate in Kolkata was canceled when it shut down due to Covid-19 concerns. Her return home was delayed further when President Donald Trump signed an executive order last week barring many people on several types of visas, including H-1Bs, from entering the country until 2021.Trump’s executive order is the latest step in his years-long tightening of U.S. immigration policy. The president has argued since taking office the visa programs allow employers to undercut native-born workers on wages, over the objections of companies that say they need highly skilled workers to fill crucial job openings. The latest restrictions, said Greg Siskind, an immigration lawyer in Memphis, “use the pandemic as an excuse to achieve anti-immigration goals the administration has wanted to do for years.”H-1B holders, about three-quarters of whom work in the tech sector, have felt a creeping sense of unease since Trump took office. Still, thousands of them continued to fly back and forth between the U.S. and their home countries, for weddings or funerals—or for work assignments or to get mundane paperwork taken care of. (Some visas require people to leave the country briefly after approval to get their passports stamped.) Many of those who left the U.S. this spring, as Bhat did, found the world as they knew it changed mid-trip.About 375,000 temporary visaholders and green card applicants will now be banned from entering the U.S. until next year, according to Julia Gelatt, a senior policy analyst with the Migration Policy Institute, a nonpartisan research group. A significant number of those are now stuck in India, which has long had a close connection to Silicon Valley. The technology industry has consistently objected to the administration’s immigration restrictions, and Amazon.com Inc., Alphabet Inc. and Twitter Inc. immediately condemned the latest executive order, along with trade groups representing hundreds of other technology firms. Indian tech companies have also urged the administration to reconsider its latest move. A major trade group from the country called it " misguided and harmful to the U.S. economy." Some Indian IT companies are considering alternatives to placing people on-site with U.S. clients, such as creating clusters of workers in countries like Mexico or Canada.The objections haven’t spared people like Bhat and her husband, who have worked in Silicon Valley for the last nine years, she as a manager for a software firm and he as an engineer at a bank. Her husband flew back to the U.S. in early March for work and has spent the past four months of lockdown alone. Bhat is now working overnight to support her U.S.-based clients, and trying to convince their son Adhrit to eat Indian food like chapati for breakfast over his complaints that he misses his standard Californian breakfast of avocado toast.The prospect of a wave of people stranded abroad began worrying Siskind several weeks ago when he first caught wind of the planned order. On Twitter, he warned workers on non-immigrant visas not to leave the U.S. He urged those abroad to come back as soon as possible.Once the order took effect, Siskind set up an online form for people to share their stories, and asked his followers on social media to fill it out. Within 24 hours, he had over 500 responses. There was the scientist researching coronavirus-testing products who flew to India to get married, the Atlanta-based IT consultant who may miss the birth of his child, the 2-year-old girl who was born in the U.S. and has developed severe allergic skin reactions to mosquito bites in India, the Intel Corp. employee who is now running critical projects from afar. Siskind fielded calls from husbands separated from wives, parents from children. People told him they were worried about keeping up with mortgage payments on houses, car loans and jobs. Some had U.S.-born children who are American citizens enrolled in U.S. schools. Many have valid visas and assumed all they would need to get back in the country was a routine stamp in their passport.Narendra Singh, an Indian-born software architect who has lived in Dallas for nine years, took his family back to Kolkata, India, in February. Their return was delayed when the consulates closed and they were advised to wait out the worst of the pandemic. Now Singh is working remotely. His wife, a software engineer, lost her job in April. Their daughter, a U.S. citizen, was slated to start preschool in the fall, but they’ve been preparing her for the possibility that won’t happen. Singh, 36, said he knew there was always a chance of his visa not being extended, but assumed he was secure until his current visa was set to expire in 2022. “We took specialized jobs, we followed the rules, we got the visas,” he said. “I just feel betrayed.”Mili Widhani Khatter, 39, who has lived in the U.S. with her husband and two U.S.-born children for the past 12 years, flew back to Delhi, India, without her family to say goodbye to her dying mother. She hasn’t seen her children in nearly four months, and said her 2-year-old son has forgotten how to say “mama” since they’ve been apart. “This is the worst punishment you can give to a mom,” Khatter said. “It’s not humane.”Now families worry what another six months of uncertainty will do to their kids—and to the futures they thought they were charting. “I have a valid visa. I’ve been living in the Bay Area for eight years. I have a life there and a home there, and my husband is there,” Bhat said. “Will I ever be able to go back?”(Updates sixth paragraph with reaction from Indian companies. A previous version of this story corrected the people who were impacted by the order.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
With the International Olympic Committee, Intel will extend life-coaching, mentoring, and learning and development services to over 50,000 athletes.
DOW UPDATE Shares of Intel and Goldman Sachs are posting positive gains Tuesday morning, propelling the Dow Jones Industrial Average into positive territory. Shares of Intel (INTC) and Goldman Sachs (GS) are contributing to the index's intraday rally, as the Dow (DJIA) is trading 8 points, or 0.
The Zacks Analyst Blog Highlights: Berkshire Hathaway, Intel, American Tower, NextEra Energy and Booking Holdings
Intel (INTC) closed at $58.27 in the latest trading session, marking a +1.34% move from the prior day.
Top Research Reports for Berkshire Hathaway, Intel & American Tower
This strategy isn’t just a winner, these analysts think, but evidence that hedge funds may finally start to out-perform.