|Bid||52.01 x 400|
|Ask||52.02 x 1500|
|Day's Range||51.56 - 53.64|
|52 Week Range||33.23 - 54.36|
|PE Ratio (TTM)||26.04|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||1.20 (2.28%)|
|1y Target Est||54.22|
Transportation is no doubt being disrupted. I think we all feel like we are on the cusp of a revolution that will change driving forever. How can you play this trend as an investor? Managing Director of Innovation Shares' NextGen Vehicles & Technology ETF --- ticker EKAR -- Matt Markiewicz joins us now.
Keith Bliss of Cuttone and Company joins Yahoo Finance editor-in-chief, Andy Serwer, Seana Smith and Julia LaRoche to discuss the latest market moves.
Apple's recent moves to lower production orders for its current smartphones will negatively impact several major iPhone chip suppliers, including Qorvo and Skyworks, Wall Street analysts said.
The rise of custom chips by Apple (AAPL) and other electronics giants is a risk to chip makers such as Qualcomm (QCOM), writes Wells Fargo analyst David Wong in a note to clients yesterday afternoon. Wong is referring to parts such as the “A11 Bionic” processor running Apple’s (AAPL) iPhone X, which is designed by Apple and used only by itself, a practice known in the industry as a "captive" part, versus chips sold on the open market for use by anyone, known as "merchant" sales. In addition to an overall slowing smartphone market Wong writes that, "we think that the growing using of internally designed chips by the biggest smartphone companies is creating a headwind to growth for merchant chip companies that make smartphone applications processors and baseband chips,” writes Wong.
Advanced Micro Devices (AMD) is focusing on its Computing and Graphics segment to boost its growth. In the computing space, it launched competitive desktop and mobile PC CPUs (central processing units) under the Ryzen brand in 2017.
Paul Jacobs, son of Qualcomm (QCOM) co-founder Irwin Jacobs, is making progress in lining up funding toward his goal of taking the company private, according to reports by CNBC and Bloomberg. Jacobs, former Qualcomm CEO and chairman, could launch a bid for Qualcomm in the next two months. Jacobs decided not to seek re-election for a seat on Qualcomm’s board at the company’s March annual shareholder meeting. Jacobs, who has reportedly received commitments from sovereign wealth funds and strategic investors to finance the takeover of Qualcomm, now sees a ~50% chance of completing a deal.
Lilium, a German start-up with Silicon Valley-scale ambitions to put electric "flying taxis" in the air next decade, has hired Frank Stephenson, the designer behind iconic car brands including the modern Mini, Fiat 500 and McLaren P1. Lilium is developing a lightweight aircraft powered by 36 electric jet engines mounted on its wings. Founded in 2015 by four Munich Technical University students, the Bavarian firm has set out plans to demonstrate a fully functional vertical take-off electric jet by next year, with plans to begin online booking of commuter flights by 2025.
STMicroelectronics (STM) is scheduled to hold its annual meeting of shareholders on May 31, 2018. Shareholders will be voting on several proposals, including leadership-related matters. They will be discussing cash dividend distribution, the appointment of Jean-Marc Chery as CEO, and the reappointment of certain supervisory board members.
Key stock index funds turned red Monday as the tech-heavy QQQs reversed along with Dow Jones industrial components Apple and Intel.