|Day's Range||75.30 - 75.65|
E3 2019 brought us plenty of news about cloud gaming. Here's where the major playings including Google, Microsoft, and Sony stack up.
Altair Engineering, Netgear, Fitbit, Microsoft and DexCom highlighted as Zacks Bull and Bear of the Day
The Zacks Analyst Blog Highlights: LM Ericsson, Cisco Systems, Ubiquiti Networks, Microsoft and Motorola Solutions
Since December, Tesla (NASDAQ:TSLA) stock has been agonizing for the longs, as the price had gone from $356 to a low of $177, despite the rally of the stock market. During this period, there have been nice rallies in the shares of giant tech companies like Facebook (NASDAQ:FB), Netflix (NASDAQ:NFLX) and Microsoft (NASDAQ:MSFT).Source: Mike Lau via Flickr (Modified)Tesla stock has generally been volatile. After all, most new automakers have failed miserably!But over the past week, TSLA stock has risen 5%. Can this uptrend last? Or could this mostly be a relief rally by TSLA stock as the short sellers close out their positions? Keep in mind that, during the first quarter, the company reported a disappointing 63,000 deliveries.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Best Tech Stocks to Buy for the Second Half of 2019 Well, of course, TSLA CEO Elon Musk is supremely optimistic. At this week's shareholder meeting, he set out to answer some of the questions swirling around Tesla.Perhaps the most important statement from Elon Musk was the following: ""I want to be clear: there is not a demand problem. We have a decent shot at a record quarter on every level. If not, it will be very close."Let's hope so. Because if TSLA doesn't deliver on the forecast by Elon Musk, then TSLA stock will certainly take another hit. Other Risks Facing Tesla StockThe irony is that a spike in deliveries may create its own issues for TSLA. Note that Elon Musk also said that Tesla's growth will probably not be cheap. If TSLA's margins decline, the increased production will put lots of pressure on its bottom line. It's also worrisome that TSLA has a solar-installation business, which is also capital intensive. At some point, it would not be surprising for Elon Musk to need to raise billions more from Wall Street.Another concern is that Tesla's overall business is getting more complex. It's building a massive battery factory in China and has one planned for Europe as well. TSLA is also looking at entering the insurance industry and is considering building a robotaxi network of 1 million vehicles.At the shareholder's meeting, Elon Musk even mentioned that TSLA may get into the mining business, in order to have more control over the supply of commodities it uses, like lithium and cobalt. In the meantime, the company will start producing the Model Y, a compact SUV. The Model Y and the Tesla Semi freight truck are both slated to be launched in late 2020.Elon Musk has never lacked for ambition. But even he has limits. Does he really need to do all these things? The Bottom Line on Tesla StockBased on analysis from third parties like Electrek, it does look like TSLA has seen a pick-up in demand during the past couple months. Yet this uptick may prove to be temporary.One reason is that the federal tax credit for purchasing Teslas will decline from $3,750 to $1,875 by the end of this month. In other words, people may be rushing to buy Tesla's vehicles before the credit drops. A similar phenomenon probably occurred at the end of last year, when Tesla's deliveries reached a record.Meanwhile, TSLA has been aggressively reducing the prices of its vehicles. That could boost its unit sales, but also hit its margins. According to analysts at Cowen: "Basic microeconomic theory would suggest that goods or services that don't have a demand problem, don't see their prices lowered by half a dozen times in 4-5 months."Finally, competition is likely to become a bigger factor, especially in China, which is a meaningful part of Tesla's growth strategy. There are multiple companies that only make electric vehicles in China, including Nio (NYSE:NIO) and more well-established firms, such as BYD (OTC: BYDDF).So in light of all this, it's probably best to be skeptical on TSLA stock despite its latest rally.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. 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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Why the Rally of Tesla Stock Could Reverse appeared first on InvestorPlace.
Evercore ISI analyst Kirk Materne was arguably overselling it when he suggested stepping into a Microsoft (NASDAQ:MSFT) position because of its opportunity to grow within the video gaming industry. There are plenty of other better reasons to own MSFT stock. Indeed, video games remain a relatively small part of the software giant's total businessSource: Shutterstock Nevertheless, his point is well taken. For all that Microsoft has already done to carve out its piece of the video game market, what's coming in 2020 could actually be game-changing.Rival Sony (NYSE:SNE) has also already hinted at its planned next entry in the race, with its next-generation PlayStation console sporting some impressive specs. Alphabet (NASDAQ:GOOGL) is entering the fray too, skipping the development of a console altogether and remotely handling all the heavy-duty game processing from the cloud. Next year may well be the year, however, one company puts its finger directly on the pulse of what the video-gaming market wants.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Project ScarlettIn terms the average teenage gamer would understand, the next generation of Microsoft's Xbox series looks like it's going to be a "beast." Powered by Zen 2 and Radeon-based graphics hardware from Advanced Micro Devices (NASDAQ:AMD), the console coming out late next year will offer 8K graphics and frame rates up to 120 per second. It's a level of visual detail that borders on perfection. The still-unnamed console, simply called Project Scarlett for now, will also utilize solid state drives. * 7 Stocks to Buy for the Coming Recession All told, Microsoft described the in-development console as being four times as powerful as the Xbox One X, which is the latest commercially available choice in its franchise.The specs largely mirror those Sony touted for its next-gen PlayStation, which should become available late next year as well. Microsoft is arguably doing more to bring more gamers into its ecosystem though. Namely, the company is beefing up its game-streaming offering.Although subject to a name change, what's being called xCloud for the time being will allow players to stream games from their consoles to other devices including phones and tablets.At the same time, Microsoft as adding another tier to its existing Game Pass service. Called Xbox Game Pass Ultimate, which is primarily a combination of Xbox Live Gold and the familiar Game pass. The new product works for PC as well as console games.And yet, as forward-thinking as Microsoft's gaming endeavors may be, the company is also backwards-minded … as in compatibility.Although it didn't clarify exactly what constitutes a "generation," the company's presentation at this year's E3 event said "Thousands of games across four console generations will look and play best on Project Scarlett." In other words, older game discs that wouldn't normally be playable on new hardware will now be playable on new consoles, relieving gamers who don't wish to rebuild an entirely new gaming library. Effect on MSFT StockEven if Project Scarlett is a smash hit, it's not likely to decidedly buoy the value of MSFT stock. It's certainly not going to hurt though.In its infancy, Microsoft's Xbox was seen as more of an experiment than a profit center. Built to utilize its DirectX coding that couldn't be fully realized with personal computers, it's unlikely that when the first Xbox was sold in 2001, the organization ever thought it would become the success it's become.But, gaming is still only a small part of Microsoft's total business.While it's difficult to ferret out details, last fiscal year (ending in June), the company's "More Personal Computing" division generated $42.7 billion, or 38% of its top line of $110.4 billion. That division, however, also includes sales of its Windows operating system, Windows commercial and cloud product, search engine revenue, and revenue from sales of its Surface line of tablets. That's a lot of different business lines making up a relatively modest piece of the revenue pie. * 7 High-Quality Cheap Stocks to Buy With $10 To its credit, the More Personal Computing division's sales improved 8% last year, and last quarter's gaming revenue grew 7%. Xbox software and service revenue was up 15% on a constant currency basis, more or less lining up with the 9% improvement in sales for the entire division. But, gaming just doesn't offer enough firepower on its own to meaningfully move the dial for the company.The nickels and dimes still add up. Bottom Line for MSFT StockWhile not solid enough reason to step into a stake, the fact that video gaming isn't a game-changer for Microsoft doesn't mean MSFT stock isn't worth owning. It is. The company is absolutely crushing it with its cloud business, and Wedbush analyst Daniel Ives recently touted the idea that it was closing the gap on Amazon (NASDAQ:AMZN) by virtue of winning "larger and more strategic" enterprise-level cloud business. Its business productivity and networking platforms are on a roll as well.But gaming? For better or worse, video games are a low-impact business for the software icon and Microsoft stock investors.As of this writing, James Brumley did held a long position in Alphabet. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Next-Gen Xbox Won't Launch Microsoft Stock, But It Doesn't Need To appeared first on InvestorPlace.
The first such vessel set to hit markets is Ehang Air Mobility Group’s Ehang 216, which first took flight in 2014 with a range of 22 miles, or 25 minutes of flight time. The 2-passenger, 570-pound aircraft is expected to start selling for $300,000 sometime next year, and is expected to receive strong interest from emergency responders, air taxi services, and tourist flight operators. Ehang is an alumni of Microsoft Corp.'s (MSFT) incubator program formerly known as Microsoft Accelerator.
In commodities, crude oil fell 0.7% to $52.17 a barrel after reaching an earlier high of $52.91. CFTC data showed the number of long speculative positions on oil had fallen to its lowest level since March last week after a seventh straight weekly drop. Gold futures slipped 0.6% to $1,337.15 a troy ounce while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 97.032.
The fear in Silicon Valley is that antitrust investigations of big tech will blunt momentum of an industry that powers the U.S. economy. But history tells us another story.
The stock market rally is drifting. But Microsoft is in a buy zone. Fellow Dow stocks Disney and Home Depot are close. Apple has a new base. Boeing is vying for orders at the Paris Air Show.
The world of exchange traded funds is evolving. With a slew of new ETFs, you will be able to not only diversify your portfolio, but also to take advantage of active management to lower risk while keeping a handle on expenses. The TrimTabs All Cap US Free-Cash-Flow ETF (TTAC) is actively managed and lists its holdings daily, for full transparency.
Video game trade event E3 had a new console rollout from Microsoft Inc. (NASDAQ: MSFT), tons of upcoming game previews and even an appearance by Keanu Reeves, both in a game and on stage. There’s no question the industry is on the precipice of change, but E3 didn’t make it any clearer how much or how quickly games will move into streaming, and what exactly that might look like or cost.
The company that builds custom systems for the titans of the internet knows more than almost anyone what's needed to grow and scale in a cloud-first world.
As the arms race among the software and cloud-computing giants accelerates, Citigroup outlines the next seven most likely M&A targets.
Overall, the first quarter has been relatively strong for retailers, so let's look at what investors should expect from Kroger to see if they should consider buying KR stock heading into its Q1 earnings release.
Every story about E3 has opened with a mention of Sony’s absence, and this one’s no different. Sony’s clearly got plenty up its sleeve with regard to next-generation content, and frankly, no one’s too worried about their health. Microsoft, meanwhile, came out swinging on Sunday.
Let's see what to expect from Oracle's fourth-quarter fiscal 2019 financial results that are due out after the closing bell on Wednesday, June 19.
Electronic Entertainment Expo (E3) 2019 witnessed major announcements from Microsoft (MSFT), Nintendo, EA and other gaming companies.
Times have changed, and the public is less excited about product announcements than they were a decade ago.
Morgan Stanley came away from the Electronics Entertainment Expo video game trade show in Los Angeles with a better understanding of the details of some of the key releases coming up this year and what ...
Shares of Microsoft Corp. edged up 0.4% toward a record high in afternoon trading Friday, as the software giant looks set to extend its streak as a trillion-dollar company to six sessions, to buck a decline in the broader stock market. After a single day with a trillion-dollar market capitalization on April 29, Microsoft re-claimed that territory on June 7, and has held it since. The market cap was last around $1.018 trillion, while second-place Amazon.com Inc. was way behind at $921.3 billion and Apple Inc. was in third at $887.3 billion. Microsoft's record gain Friday comes despite the Dow Jones Industrial Average being down 14 points, or 0.1%, and the Nasdaq Composite shedding 0.5%.
Larry Swedroe is on a mission: Save investors, one at a time if necessary. To spread his gospel, Swedroe writes investing books and is director of research at Buckingham Asset Management in St. Louis.
E3 2019 is in the books. And while the convention brought plenty of new video game announcements and updates to salivate over for the next few months, it also left plenty of questions — particularly when it comes to cloud gaming. Yahoo Finance's Tech Editor Dan Howley joined 'The Final Round' to discuss.
Daniel Newman, principal analyst and founding partner at Futurum Research, says "the total available market for collaboration [with Microsoft] is tremendous, and I think Slack can continue to grow." Yahoo Finance's Alexis Christoforous and Brian Sozzi speak to him.