|Bid||138.98 x 800|
|Ask||138.99 x 2900|
|Day's Range||138.46 - 139.54|
|52 Week Range||93.96 - 139.54|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||30.87|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||1.84 (1.33%)|
|1y Target Est||144.25|
Amazon may be in the middle of its Prime Day shopping bonanza, but that doesn’t mean the stock is without risk.
China released its second-quarter GDP report today. The country’s GDP expanded 6.2% in the second quarter, marking its slowest growth since 1992.
The Zacks Analyst Blog Highlights: Microsoft, UnitedHealth, Costco, Uber and Microchip Technology
A bullish analyst boosted his price target for (MSFT) shares to the highest on Wall Street high ahead of the company’s next quarterly financial results. Microsoft stock (MSFT), up 37% in 2019 through Friday’s close, was up 0.3% to $139.39 as the S&P 500 rose 0.5%. Nomura analyst Christopher Eberle, who has a Buy rating on the shares, on Sunday boosted his price target by $30 to $161.
Growth of Microsoft Corp.’s cloud service Azure will be key in determining whether the software giant maintains its leading trillion-dollar market cap after its earnings report.
Oracle (ORCL) fails to win the lawsuit challenging JEDI contract's policies and qualifying criteria. Oracle's opposition to JEDI is likely to weigh on its ongoing business with DoD.
Microsoft's (MSFT) fourth-quarter results are likely to benefit from enterprise strength, robust Office 365 & Azure adoption.
Amazon (NASDAQ:AMZN) closed down last Thursday slipping 0.83% on the day. But for a short time that morning, Amazon stock continued its July rally and passed the $2035 mark.Source: Shutterstock That milestone put it in the rarified company of Microsoft (NASDAQ:MSFT) as a trillion dollar company -- a position Amazon has not been in since last September. * 7 Dependable Dividend Stocks to Buy Here's why AMZN stock has been on the rise this month, and why there could be clouds on the horizon.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Anticipation Over Prime Day is Boosting Amazon StockPrime Day is on July 15 and 16 this year. So that's two days, but like JD.com (NASDAQ:JD) and its yearly 6.18 anniversary sale (which actually runs for several weeks) AMZN isn't known for being a stickler on nomenclature.However, one thing is certain and investors know it: Prime Day is huge for Amazon. It's the company's largest shopping event, surpassing Cyber Monday and Black Friday.The company suffered a black eye last year when its website repeatedly glitched for several hours, but despite technical issues, the sale was a huge success. AMZN reported selling more than 100 million products worldwide during the Prime Day event. Sales were up 89% over the previous year in the first 12 hours -- despite issues with its website during that time. Amazon doesn't release dollar figures, but it was estimated that last year's Prime Day brought in $4.19 billion in worldwide sales. That's a huge number, and up 60% over the $2.41 billion from the previous year's event. To put it all in perspective, the first Prime Day (in 2015) brought in an estimated $900 million in sales.With those kind of numbers, you can see why Amazon stock had been on a run in July, gaining nearly 5% since the start of the month, before slipping on Thursday. Also Helping AMZN? The Trade War's Limited ImpactAMZN stock -- like many other tech stocks -- had also been impacted by concerns over the trade war between the U.S. and China. The threat of increased tariffs on Chinese good sold in the U.S., and the potential for retaliatory measures was bad news for Amazon. A trade war could impact the economy globally, and cut consumer spending. In addition, tariffs make products more expensive which means consumers may buy less. Both scenarios are tough on retailers, and despite its size AMZN is not immune.Fear that the situation was escalating hit AMZN stock hard in May, but as rhetoric cooled and consumers kept buying, Amazon stock recovered. Its latest rally took it to a new high for 2019 and Amazon's market cap briefly hit the $1 trillion mark. Storm Clouds on the Horizon for Amazon StockThis week is critical for Amazon, with Prime Day falling on the 15th and 16th. However, there's another big event involving AMZN that may be a little less pleasant for the company and its investors. On July 16, Amazon and other FAANG tech companies will be appearing before the House Antitrust Subcommittee. In AMZN's case, the company's grip on e-commerce will be under particular scrutiny.Should investors worry that the government's interest in the company could result in measures that torpedo Amazon stock? Analysts at Wedbush believe the investigations won't result in actual intervention any time soon, and the long-term impact on Amazon and AMZN stock may be less than feared."These hearings and potential DOJ probes can represent an overhang and risk to the FAANG group, but we would encourage investors to focus on the fundamentals in the near-term as any probe would take years to complete as we witnessed firsthand with Microsoft, which proved to be more noise than a structural jolt to its business model." In other words, stay calm and enjoy what is expected to be another record-setting Prime Day.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Amazon Stock Briefly Takes the Company to the Trillion Dollar Club appeared first on InvestorPlace.
Second-quarter earnings are usually pretty sleepy, with forecasts for the back-to-school and holiday periods tucked away for later review amid summer vacation schedules. You may want to pay attention this year, though.
Microsoft's (MSFT) robust execution and better-than-expected demand from customers for hybrid cloud offerings is likely to act as another tailwind.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 23 years ago, popular cable news channel MSNBC was launched. Where The Market ...
In the latter part of 2018, bearishness took hold of Apple (NASDAQ:AAPL) stock and sent shares to the $150 range as AAPL stock investors took in the news that the company would no longer issue unit sales numbers for its iconic iPhone device.Source: Shutterstock CEO Tim Cook reasoned that subscription and app sales mattered more for profitability. By that logic, Apple could afford to offer less transparency into its business each quarter. Now that the shares have recovered, there are three reasons investors should buy Apple stock. Weaker iPhone Sales ExpectedInvestors have had more than six months to accept that unit sales for iPhones will fall. Average selling price (ASP) is significantly higher with each successive release of the device. And although loyal customers will hold off upgrading to the latest iPhone, their device will stay in the iOS ecosystem. Even if revenue falls, Apple will enjoy healthy profit margins from sales of iPhone 8, X, XR, and XS Max.InvestorPlace - Stock Market News, Stock Advice & Trading TipsExpect the total profit per user to hold steady or increase, driven by more customers signing up for Apple Music. In April, The Wall Street Journal reported that Apple had 28 million subscribers, 2 million more than Spotify Technology (NYSE:SPOT). SPOT stock trades at similar price/sales and price/book multiples compared to Apple. Yet Spotify's price/forward cash flow multiple is 75, compared to 20.5 times for Apple. * 7 Retail Stocks to Buy for the Second Half of 2019 Don't forget that Apple recently launched its News App. By sending notifications for timely news, users who use the app often may end up subscribing to the service. In doing so, they get Apple News Plus, which gives users access to premium newspapers and more than 300 digital magazines. Look for Earnings Beat on July 30When Apple reports quarterly earnings on July 30, the company may beat the Q2/2019 EPS estimate of $2.12.Source: TipranksLast year, Apple reported earnings of $2.34, topping the $2.17 estimate. Strong revenues are possible because Apple Music subscription growth is gaining momentum. The iPad and iPad Mini refresh could drive device sales higher. Conversely, the iPad Pro faces stiff competition from Microsoft's (NASDAQ:MSFT) Surface book and Surface tablet. Still, Apple has the AirPod, Watch, and HomePod to offset a drop in Pro sales.In the unlikely scenario that AAPL stock falls after reporting strong results, the drop gives investors a chance to average down. Most who invest in Apple are in it for the long term. Viewing short-term drops in the stock as entry points played out well in the last decade. * 10 Stocks to Sell for an Economic Slowdown To be sure, weak iPhone sales could spook investors and send Apple stock lower. Yet if consumers are simply holding off on upgrades in general, Apple is not losing market share. So if users are not leaving the iOS ecosystem for Android, Apple subscription and software sales will return high profits. Service Revenue Will Drive GrowthThe second quarter 2019 saw Apple report its best quarter ever for Services, as revenue topped $11.5 billion. Even as worldwide iPhone revenue fell 17%, Services grew to new heights, with more than 390 million paid subscriptions at the end of March, up 30 million in the last quarter. During 2020, Apple expects to surpass 500 million subscriptions.That is a phenomenal rate of growth. And the strong uptake of Services will include growing App sales. In Q2, the number of paid third-party subscriptions increased by over 40%. Apple has a well-diversified source of revenue from apps; the biggest third-party subscription app accounted for just 0.3% of its total Services revenue.Apple forecast revenue of $52.5 billion - $54.5 billion for the upcoming report for the June quarter. Gross margin will be around 38%. Operating expenditures will be $8.7 billion - $8.8 billion. Your Takeaway on AAPL StockApple is confident about the growing revenue from the product category level. More importantly, it expects iPhone sales improving Y/Y in the upcoming Q3 report. Cash flow generation is so strong that AAPL stock repurchase authorization and its quarterly dividend. A dividend hike is unlikely but if Apple does so, look for Apple stock continuing its uptrend.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post 3 Reasons to Buy Apple Stock Ahead of End-of-Month Earnings Report appeared first on InvestorPlace.
(Bloomberg Opinion) -- The share of income and wealth going to the so-called “1%” has incensed protesters and agitated economists around the world. From the Occupy Wall Street movement to the work of academics such as Thomas Piketty and Gabriel Zucman, attention has zeroed in on what the super-rich earn and own, and on how governments should use taxes for redistribution.Such policy ideas have taken center stage in the primaries of the U.S. Democratic Party, which decide who will challenge President Donald Trump in 2020. One of the runners, Senator Elizabeth Warren, advocates a 2% wealth tax on fortunes above $50 million. She has found unlikely billionaire allies, including the investor George Soros and Facebook Inc.’s co-founder Chris Hughes, who say they’d accept a levy on their riches to “help address the climate crisis, improve the economy, improve health outcomes.”These are all smart people but there’s a danger they may be missing something here. The French economist Philippe Aghion points out that there’s a direct correlation between high levels of inequality in favor of the top 1% and innovation (the creation of new technologies). Given that every country is eager to foster innovation – because it brings huge economic benefits – might there be an argument that a concentration of wealth at the top isn’t necessarily a great evil?Aghion’s view is that instead of seeking to punish the 1%, the main priority for governments should be to ensure that the top strata of the wealthy isn’t allowed to remain a closed shop – that is, new innovators must be free to challenge and replace incumbent companies. Given the entrenched positions of giant technology companies such as Alphabet Inc., Apple Inc. and Microsoft Corp., this is going to need a bit of work.The London School of Economics professor, who presented his findings in Paris last month, also said there was no evidence that faster innovation would produce more inequality further down the income scale. This is only about the difference between the 1% and the rest. And he said increases in innovation were linked to better social mobility. Aghion believes that new inventions give people the chance to rise up the ladder faster.Indeed, mobility (admittedly at the top end) is the prime motivation for all those technology pioneers in the first place. They want to make enough money to join the ranks of the very wealthiest. Aghion’s conclusion, in line with the tradition of the Austrian economist Joseph Schumpeter, is straightforward: Companies come up with new processes and products to generate and appropriate “rents.” Governments shouldn’t target these extra profits excessively since it would stifle the desire to innovate.This doesn’t mean there’s no role for public policy. Quite the opposite. Aghion also showed how all is not well in innovation-land. The growth rate of total factor productivity, a measure of efficiency, rose sharply in the 10 years after 1996 but then declined. In particular, productivity growth among tech companies and firms that are the biggest technology users appears to have peaked respectively in the mid-1990s and in the mid-2000s, and has slumped subsequently.Meanwhile, as the academics Jan De Loecker and Jan Eeckhout have shown, companies are becoming ever more able to charge markups in excess of their costs. Yesterday’s innovators are enjoying a quietly untroubled and lucrative life today, which may well be down to the barriers to entry they themselves have erected.While many on the left hanker after higher taxes to shrink the share of income and wealth of the 1%, it’s not even clear that they’re an effective tool. Aghion looked at the tax reforms introduced by the French president Francois Hollande in 2012, including a 75% tax on earnings above 1 million euros. He found that the changes prompted more of the ultra-rich to leave France but that any improvement in social mobility – measured as the number of people who have moved upward in the bottom 95% of the income scale between 2011 and 2015 – was extremely limited (although it’s too soon to draw strong conclusions).So if we want to encourage the bursts of innovation that actually support genuine upward mobility, tackling the quasi-monopolistic practices of the biggest companies might be a better use of political energy. For years, Amazon.com Inc., Facebook Inc., Google and their ilk have been subject to relatively little antitrust scrutiny. This may be changing: The European Union has fined Google three times for a total of about 8.2 billion euros ($9.3 billion) for abusing its dominant position. There are signs too that U.S. antitrust authorities are finally waking up to this problem.Of course, proponents of higher taxes on wealth and income believe they can foster competition and social mobility. If they fund improvements in education, such thinking goes, that may help today’s poor become tomorrow’s champions. But France’s experience in 2012 poses questions about how much can be raised before wealthy individuals move abroad. In the U.S. there’s a vocal debate over how much Warren’s wealth tax would actually bring in.The rise of left-wing politicians such as Warren and Britain’s Jeremy Corbyn suggests a hunger among younger voters for much greater redistribution. While higher taxation may make the world fairer, there’s little evidence it will make the economy innovate more or grow faster. Robust competition enforcement is a better answer. Before you bash the rich, try busting the trusts.To contact the author of this story: Ferdinando Giugliano at email@example.comTo contact the editor responsible for this story: James Boxell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Ferdinando Giugliano writes columns on European economics for Bloomberg Opinion. He is also an economics columnist for La Repubblica and was a member of the editorial board of the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Heavy buyback action has contributed to outperformance by tech stocks in 2019, but the cash available for future share repurchases is running low.
Business Journal Managing Editor Rob Johnson recaps the week in Seattle business news, including Alaska Airlines' new lounge, a luxury senior housing tower and a ranking of Seattle-area construction projects.
The AMD vs. NVIDIA midrange GPU battle is heating up, Microsoft went back to the '80s and Nintendo introduced a Switch Lite. Oh, and some Amazon workers will strike on Prime Day. In a paper published in the journal of Scientific Advances, scientists from the University of Glasglow shared the first known image of a Bell entanglement.