135.50 +0.34 (0.25%)
After hours: 7:58PM EDT
|Bid||135.36 x 3000|
|Ask||135.47 x 4000|
|Day's Range||133.57 - 135.24|
|52 Week Range||93.96 - 135.24|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||30.03|
|Earnings Date||Jul 17, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||1.84 (1.49%)|
|1y Target Est||143.16|
Love it or hate it, Microsoft's PowerPoint is a ubiquitous tool in the corporate world. Over the course of the last few years, Microsoft started to bring some of its AI smarts to PowerPoint to help you design good-looking slides.
Analysts are estimating an all-time high EPS of $1.07 a share along with sales of $10.95 billion, representing growth of 8% and negative 2.7% respectively. ORCL has dropped on the last 7 consecutive earnings releases even after reporting beats on both top and bottom-lines.
Recently, there has been significant turmoil surrounding the electronics component sector, specifically in wireless equipment and semiconductors. This was mostly due to the US blacklist of Huawei in May, coupled with increased US-China trade war tensions.
(Bloomberg) -- Hewlett Packard Enterprise Co. will make all its products available through subscriptions, Chief Executive Officer Antonio Neri’s biggest move yet to shield the server maker from growing cloud-computing competition.HPE’s computer servers, storage hardware, networking gear and software will be available through a pay-per-use or subscription model by 2022, the San Jose, California-based company said Tuesday in a statement.Neri took over the company in February 2018, and has focused on keeping HPE relevant in a changing market for information technology. Cloud vendors such as Amazon.com Inc. and Microsoft Corp. have seen booming sales while global server demand has stagnated. First, Neri downplayed the threat from the public cloud companies, investing $4 billion in edge computing, which lets clients process information on hardware far away from data centers and he touted as the next wave of computing. Recently, HPE has taken a more pragmatic approach, forming a partnership with Google that will help clients adopt a hybrid model -- to move information between their own corporate data centers and large public clouds.HPE made the subscription announcement at its annual Discover conference in Las Vegas. This is the company’s most significant effort to generate more recurring revenue, which can help boost overall sales. HPE’s revenue has shrunk in the last two quarters compared with a year earlier.“We will reshape HPE and transform the market, with a new and better way to deliver as a service,” Neri said in a statement.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Google pledged $1 billion over the next 10 years to try to address an affordable housing crisis in California’s Bay Area.The tech giant will re-purpose $750 million of its own land for residential use, allowing the development of at least 15,000 new homes, Chief Executive Officer Sundar Pichai said in a blog post on Tuesday. Another $250 million will go to incentives for developers to build at least 5,000 affordable housing units.The success of Google and other Silicon Valley technology companies has contributed to massive housing cost increases in the San Francisco Bay Area. The firms employ tens of thousands of high-earners who have bought or rented homes, leaving fewer options for poor and middle-income residents. Meanwhile, the supply of new houses and apartments has not kept up with demand.“Our goal is to help communities succeed over the long term, and make sure that everyone has access to opportunity, whether or not they work in tech,” Pichai said. He noted that just 3,000 homes were built in the South Bay area last year.Silicon Valley is the most expensive housing market in the country, with a median existing-home price of $1.2 million. The San Francisco and Oakland metro area is second with a $930,000 median, according to the National Association of Realtors.Google’s financial commitment is significant, but more companies and organizations will need to pitch in to really change housing affordability in the Bay Area, said Ray Bramson, chief impact officer for homelessness advocacy organization Destination: Home.In Santa Clara County, which encompasses San Jose, Mountain View and Palo Alto, there is a shortage of more than 35,000 affordable housing units, Bramson said. There will also need to be infrastructure improvements to handle population growth, he added.“There’s a huge, huge challenge our community is facing,” he said. “It’s going to take a tremendous amount of work.”Listen to Bloomberg’s Decrypted Podcast on Silicon Valley’s van dwellers.Google’s effort to build the region’s housing supply should be applauded, said Issi Romem, Zillow’s senior director of housing & urban economics. Still, he said, using company land for housing probably isn’t a scalable solution.“Nobody knows exactly what number of homes you need to build in the Bay Area to make housing prices grow more slowly or go flat,” Romem said. “But what we do know is that it’s a really large number” and probably “millions of housing units over a couple of decades.”One challenge for Google will be persuading local towns to support rezoning land for housing. Because of a 1978 measure that limits property-tax increases on homes, municipalities generally get more revenue from commercial development than residential, according to Margaret O’Mara, a University of Washington history professor and author of the forthcoming book, "The Code: Silicon Valley and the Remaking of America."Google isn’t the first tech giant to throw money at the housing crisis. Microsoft Corp. said in January it would spend $500 million to develop affordable housing and alleviate homelessness in the Seattle area, near its headquarters.“These are not altruistic, non-profits, they’re for-profit companies," said O’Mara. "They’re putting money into something that they’re going to benefit from not just in terms of the good press.”The philanthropy started by Facebook Inc.’s Mark Zuckerberg and his wife Priscilla Chan is also backing an effort to address the housing shortage in the San Francisco Bay Area.(Updates with economist comment in the ninth paragraph.)\--With assistance from Kara Wetzel.To contact the reporters on this story: Gerrit De Vynck in New York at firstname.lastname@example.org;Noah Buhayar in Seattle at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
At one point on Tuesday, the Nasdaq was up about 2% on the day. Although the index eased off those gains going into afternoon trading, investors didn't completely take their foot off the gas.Source: Shutterstock Thanks to positive comments from President Donald Trump, the Nasdaq jumped 1.39% on the day, outperforming both the Dow Jones and S&P 500, which climbed 1.35% and 0.97%, respectively.So what did Trump say to cause such a rally? Well, the very opposite of what he said to derail the stock market rally last month. As trade-war worries flood Wall Street and wreak havoc on conference calls, the President tweeted that he, "Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting."InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis sent tech stocks, and in particular, chip stocks soaring on the day. In tech, the trade war has impacted everything from customer demand to declining margins thanks to increased tariffs. Some of the industry has been able to shake off the woes -- like Cisco Systems (NASDAQ:CSCO) and Microsoft (NASDAQ:MSFT) -- but not everyone has been so lucky. Biggest Winners in the Nasdaq TodayChipmakers stole the show Tuesday, as Advanced Micro Devices (NASDAQ:AMD), Nvidia (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO) -- here's how to trade AVGO stock -- all scorched higher on the day. * 5 Stocks to Buy for $20 or Less AMD raced higher by 4.3%, while Nvidia jumped 5.4% and Broadcom rallied 4.5%. The mere idea that the trade war talks could improve was enough to send these stocks skyward. It has got many on Wall Street wondering just how compressed this group is thanks to the friction between China and the White House. If the trade-war rhetoric remains positive ahead of the G-20 summit, it's possible for this group to continue higher.That said, investors also have to be aware of the Federal Reserve meeting on Wednesday. There's only a 24% chance of a rate cut announcement at this meeting, so most investors aren't expecting one yet. But they will be looking for a more dovish stance from the Fed, particularly following the European Central Bank's accommodative stance this week, and given the fact that the futures market is pricing in a 98% chance for at least one rate cut by December.So that's something to be aware of.NAND and DRAM players were also in the spotlight. Micron (NASDAQ:MU) jumped 5.7%, while equipment makers like Lam Research (NASDAQ:LRCX) and Applied Material (NASDAQ:AMAT) rallied 4.6% and 4.5%, respectively. Click to Enlarge Adobe Systems (NASDAQ:ADBE) is on investors' radar too, as it gears up to report second-quarter earnings after the close. Consensus expectations call for earnings of $1.78 per share on revenue of $2.7 billion. Those estimates suggest year-over-year growth of 18.5% and 23.2%, respectively.Finally, Microsoft is shaking off any worries about the trade war as shares hit new all-time highs. MSFT closed at $135.16, up 1.74%, while rallying almost 10% so far this month. Bottom Line on the Nasdaq TodayThe trade war is what dragged the Nasdaq from its all-time highs in early May. But a resolution is likely what will vault the index back up to them. The markets came into June in an oversold condition, but the bounce was most telling. After the Nasdaq, S&P 500 and Dow all rallied to start the month, the bears weren't able to push it back down.That action is important, suggesting that a larger rally was brewing after some consolidation. That extension could be taking place now, but we still have the Fed to get through.Fed Chair Powell has not been the smoothest talker when it comes to FOMC events, so it will be interesting to see how the market reacts tomorrow. A dovish Fed could ignite stocks even higher, while a hawkish Fed could undo many of today's nice gains. The same rally/puke potential exists with the President's Twitter account.All said, it was a very strong day for the Nasdaq today, although Facebook (NASDAQ:FB) was a noteworthy laggard.The social media giant finally announced its Libra cryptocurrency. While this was anything but a secret, it was interesting to see FB give up all of its Tuesday gains. Ending slightly lower on the day, down 29 basis points, is not what many investors had in mind given the strength in tech.The bottom line: Watch the Fed on Wednesday.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMD, NVDA and AVGO. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post Nasdaq Today: Chip Stocks Surge on Improving Trade-War Rhetoric appeared first on InvestorPlace.
There are a number of reasons that attract investors towards large-cap companies such as Microsoft Corporation...
Investing.com - Stocks took off on Tuesday after President Donald Trump announced he plans to meet with China President Xi Jinping in a bid to resolve their trade dispute.
The CIA's C2E contract is still in early stages, but will likely intensify the debate over multiple versus single vendors.
Slack Technologies Inc. is looking for a better direct-listing fate than Spotify Technology SA. The music-streaming service reminded tech unicorns late last year that companies don’t have to issue new shares or raise money through a traditional offering if they wish to go public, and now Slack is following in its footsteps. The business-chat company has filed direct-listing paperwork.
Symantec's (SYMC) Norton 360 Deluxe is the first paid comprehensive cyber security product to be launched in Microsoft Store.
At the start of this decade, there were some concerns that the innovation curve at Microsoft (NASDAQ:MSFT) was falling flat, and that the company was growing stale, resting on its laurels, and becoming increasingly irrelevant in a rapidly changing big tech landscape. As a result, there was something of a lackluster enthusiasm for Microsoft stockSource: Johannes Marliem Via FlickrThen, just over seven years ago, in February 2014, Satya Nadella succeeded Steve Ballmer as the CEO of Microsoft. He promised change. Specifically, he promised to shift Microsoft's focus to cloud services, and in so doing, returning Microsoft not just to big tech relevancy, but once again make Microsoft one of the most important companies in the world.He's done just that. Microsoft is once again one of the largest companies in the world, and its stock has risen 250% since early 2014.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWill this big rally in MSFT stock continue? Yes. For four very simple reasons. * 5 Stocks to Buy for $20 or Less Four Reasons to Love Microsoft StockFirst, the big cloud pivot isn't over just yet, and Microsoft's many cloud businesses continue to fire on all cylinders.Second, every other business at Microsoft continues to move in the right direction, and make revenue and profit gains.Third, the company is side-stepping big tech regulation which is threatening other tech giants like Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), and Alphabet (NASDAQ:GOOG).Fourth, the valuation underlying MSFT stock remains reasonable relative to long term growth prospects.Net net, cloud growth plus tangential business growth will drive continued revenue and profit growth over the next several years. The lack of a regulation threat means that this growth trajectory has tremendous clarity. At the same time, the valuation is reasonable enough to allow for that growth to drive healthy share price gains.The takeaway? Stick with Microsoft stock for the long run. The Cloud Business Is Firing on All CylindersThe first, and most important, reason to stick with MSFT stock is that the company and stock's biggest driver - the cloud business - remains on fire.The cloud pivot has been the core of Microsoft stock's big 250% rally since early 2014. This pivot is far from over. Last quarter, commercial cloud revenue rose more than 40%. That's a big growth rate. It won't head much lower anytime soon. Only 20% of enterprise workloads have migrated to the cloud. That number will move towards 100% in the long run, meaning that the global cloud market still has a long runway for growth.Further, Microsoft continues to innovate and expand share in that market, meaning Microsoft cloud growth rates should continue to outpace cloud market growth rates. Thus, with Microsoft, you have a leading cloud player that's growing share in the secular growth cloud market. Ultimately, that means Microsoft's cloud business will continue to fire off 20%-plus growth quarters for a lot longer. All Other Businesses Are Moving in the Right DirectionAlthough the core cloud businesses steal the spotlight at Microsoft, the company's other businesses are actually doing very well, and will continue to support higher prices for the stock.On the gaming front, Microsoft just announced its next-gen Xbox console, dubbed "Project Scarlett", which is set to be four times more powerful than its predecessor, the Xbox One X. Microsoft is also testing the waters in the cloud gaming world with its "Project xCloud" video game streaming service.Meanwhile, on the office products front, Microsoft just incorporated real-time financial data into Microsoft Excel spreadsheets, a move that could help offset the subtle migration from Microsoft Excel to Google Sheets.At the same time, LinkedIn has continued to expand its reach in the business networking world, and Microsoft's PC business has made steady share gains thanks to the huge popularity of the Surface.All in all, it isn't just Microsoft's cloud business which is doing really well right now. All of Microsoft's businesses are doing well. The Company Is Side-Stepping Big Tech RegulationImportantly, Microsoft does not have the regulation risks which are weighing on fellow big tech stocks.There are five big tech stocks in the U.S. which have $500 billion-plus market caps - Microsoft ($1 trillion market cap), Amazon ($930 billion), Apple ($900 billion), Alphabet ($760 billion), and Facebook ($535 billion). Of those five big tech giants, Microsoft is the only one not being probed by either the FTC or DoJ for anti-competitive reasons.From a market psychology perspective, that's a big deal. Investors with Amazon/Apple/Alphabet/Facebook exposure may not want that exposure anymore because of the regulatory risks, but because the tech growth narrative remains vigorous, those investors will still want big tech exposure. Where can they get big tech exposure without the regulation headwind? Microsoft is the only place.Consequently, we could see a migration of investment dollars from other big techs stocks to MSFT stock as regulation headwinds build. Valuation Remains ReasonableLastly, the valuation underlying Microsoft remains reasonable relative to the company's long term growth prospects.Microsoft stock trades around 29-times forward earnings. That's as rich as the valuation has been in the past decade. But, growth is also as big as its been in the past decade. According to Street estimates, profits are expected to rise 18% this year, 11% next year, and 15% the following year.In other words, Microsoft projects as a steady double-digit profit grower over the next several years, and that growth has tremendous visibility thanks to secular growth tailwinds in the cloud market and the lack of regulation risks. A near 30-times forward multiple for that magnitude of growth and that level of growth clarity seems reasonable. Bottom Line on Microsoft StockMicrosoft stock has been a big winner for the past seven years. It will continue to be a winner over the next several years, too, because the cloud business remains on the fire, the company's other businesses are doing well, the growth trajectory has tremendous clarity, and the valuation remains reasonable.As of this writing, Luke Lango was long FB, AMZN, AAPL, and GOOG. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post Four Big Reasons You Need to Stick with Microsoft Stock appeared first on InvestorPlace.
Editor's note: This story was previously published in May 2019. It has since been updated and republished.The tech sector endured some pretty tough times last year. Even Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Facebook (NASDAQ:FB) struggled.Source: Shutterstock But if we put these troubles aside for a moment and focus on the longer-term outlook, a different picture emerges. Stretching out to 2025, some of these big-name tech stocks begin to look very attractive indeed -- especially at their current price levels.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn order to pinpoint which tech stocks will be leading the way seven years from now, I turned to a recent report from RBC Capital. Its "Imagine 2025" portfolio selects the tech stocks the firm believes will be winning on a long-term basis. "We believe the following names are best positioned to outperform over a seven-year time horizon through 2025," writes the firm. * 5 Stocks to Buy for $20 or Less What does this mean for now? It means longer-term investors should think twice before selling the stocks listed below, while other investors may want to keep a close eye on the following stocks as potential buy on the dip opportunities.Here are the top tech stocks primed to outperform over the next few years: Alphabet (GOOG, GOOGL)As I said above, Alphabet has not been immune to the market's choppiness but that doesn't mean it's still not one of the top stocks to buy.Source: Shutterstock But at the end of the day this is still a killer stock pick with a "strong buy" analyst consensus on TipRanks. This is with a $1,346 average analyst price target."AMZN and GOOGL, in particular, appear to have invested the most in AI competencies and have the Big Data access and Compute Power infrastructure to benefit most from AI and ML developments," writes RBC Capital.And Google has an extra string on its bow: its self-driving car unit Waymo. Alphabet disclosed that Waymo reached the 10 million miles of autonomous vehicle driving milestone."GOOGL appears particularly well situated to lead autonomous vehicle innovations, given its substantial investments in Waymo autonomous vehicle technology" cheers the firm.Luckily for Alphabet, RBC believes autonomous vehicles will be arguably one of the biggest applications of AI.Interested in GOOGL stock? Get a free GOOGL Stock Research Report. Nvidia (NVDA)Nvidia (NASDAQ:NVDA) is pushing the boundaries of technology and this should pay off over the years to come.Source: Shutterstock Even though Nvidia is suffering over the last six months, the long-term picture remains very compelling making this one of the top stocks to buy and hold.For example, Jefferies analyst Mark Lipacis (Track Record & Ratings) calls the January quarter a setback. However, he says Nvidia remains "a top play on secular themes" in AI, gaming and autonomous vehicles. He tells investors to "buy the confession." * 7 Top-Rated Biotech Stocks to Invest In Today "While there are no guarantees of a winner in the AI race, we think Nvidia is well ahead of its peers and is continuing to gain traction due primarily to the value of Cuda software," says RBC Capital. It estimates over one million engineers working with Cuda and calls it "the secret sauce that underlies the entire ecosystem." Get the NVDA Stock Research Report. Amazon (AMZN)You probably aren't surprised to see Amazon (NASDAQ:AMZN) on this list. The ecommerce company is consistently innovating for the future, be it through acquisitions, technology or entering new markets.Source: Shutterstock One interesting advancement for the company is in the field of robotics. "Amazon appears particularly well situated to lead robotics innovations, given its ongoing investment in Kiva logistics robots," points out RBC Capital.The company already deploys something to the tune of 100K Kiva robots, basically a robot army. And it's now looking increasingly likely that a very large percentage of Amazon's distribution workforce will be complemented with these robots by 2025.As RBC concludes, the impact of this should be greater operational efficiency for AMZN stock.Another interesting trend to consider when you're looking at tech stocks to buy: AI-powered Voice Recognition will likely improve significantly from current levels, allowing even better use of internet apps via voice commands. Again, Amazon should be a major beneficiary of this trend.Notably, AMZN boasts one of the best ratings on the Street. This comes with a $2,215 average analyst price target. Get the AMZN Stock Research Report. Rapid7 (RPD)If you are looking for cheaper long-term stocks to buy, look no further than Rapid7 (NASDAQ:RPD). This company uses a unique data- and analytics-driven approach to cybersecurity.Source: Shutterstock The stock is highlighted by RBC as an attractive name in the cybersecurity space, particularly following the recent acquisition of Komand. The company snapped up Komand in 2017 to boost its security orchestration and automation offering."The need for well-designed security and IT automation solutions is acute; resources are scarce, environments are becoming more complex, all while threats are increasing," says Corey Thomas, CEO of Rapid7. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 "Security and IT solutions must evolve through context-driven automation, allowing cybersecurity and IT professionals to focus on more strategic activities."Plus RBC's Matthew Hedberg (Track Record & Ratings) is behind the stock. "Success has continued to highlight the power of the platform approach with impressive cross-sell metrics driven by combining security and IT Ops" concludes the analyst. Get the RPD Stock Research Report. Splunk (SPLK)"Within our software universe, we would highlight Splunk (NASDAQ:SPLK) as a likely winner in the big data category," writes RBC Capital.Source: Web Summit Via FlickrSplunk basically turns machine data into answers. It produces software for searching, monitoring and analyzing machine-generated big data, via a web-style interface.In part, these answers are generated through the firm's machine learning system. Splunk provides the Machine Learning Toolkit, a guided workbench to create and test flexible models that can handle any use case."A key value of creating models in Splunk is that users can seamlessly apply them to real-time machine data" says RBC Capital.Plus RBC isn't the only firm singing the stock's praises. This "strong buy" stock has a $155 average analyst price target. Get the SPLK Stock Research Report. PayPal (PYPL)If we turn to financial tech stocks to buy, analysts are upbeat on"moderate buy" stock PayPal (NASDAQ:PYPL) right now. This is with a $1117 average analyst price target.Source: Shutterstock First of all, PayPal offers massive scale. And second it boasts a unique two-sided model among tech stocks, with both consumers and merchants onside. This means the company can control the entire consumer experience."PayPal's unique assets enable the company to tap into the long-term global shift to digital commerce" says RBC Capital. * 7 High-Quality Cheap Stocks to Buy With $10 Plus the firm sees the company as a champion of democratizing finance around the globe. "We believe its growing platform of assets will open up the ~2B people around the world who lack financial services."Similarly top Oppenheimer analyst Glenn Greene (Track Record & Ratings) notes PYPL's "unique" competitive position. He is even more confident in the stock following recent partnerships, and anticipates high-teens revenue growth and 20%-plus EPS growth for the next several years. Get the PYPL Stock Research Report. Apple (AAPL)RBC Capital sees a long runway for Apple (NASDAQ:AAPL) stock.Source: Shutterstock "We think AAPL could be a major beneficiary of AI and VR/AR-related trends, which could generate significant tailwinds for its services business," it writes. It notes that the latest iPhones are equipped with the ability to recognize patterns, make predictions and learn from experiences.What's even more interesting is that by 2025 we could be looking at the first real "iPhone generation." 2025 is 18 years from the launch of the first iPhone.For people who grew up with iOS devices, Apple could have data on every app a person installed, on every flight, book and purchase, as well as academic records, health statistics, family background and more.Now imagine an AI trained on this data set. "This AI would truly be a 'personal' assistant. A hyper-customized neural network that would be so powerful, it would make an existing services pool very strong and usher in a host of new offerings that can only be imagined" says the firm. Get the AAPL Stock Research Report. Synopsys (SNPS)That makes this one of the best stocks to buy in the chip sector is that it is pretty much a guaranteed winner of future tech trends. Someone needs to design AI chips and that someone is Synopsys (NASDAQ:SNPS).Source: Shutterstock Synopsys is essentially an "arms dealer" for AI and all things chip related says RBC Capital."By helping design complex chips, Synopsys is in the thick of AI in terms of design," the firm writes. And the best part is that it doesn't even matter what new companies come along they will still need Synopsys. * 7 Stocks to Buy for the Coming Recession "As new and existing companies continue to push the edge of technology, Synopsys will be helping the companies design each chip regardless of it being a GPU, CPU, FPGA, Digital Chip, Analog chip or otherwise" the firm explains.Even now, the stock looks bullish with a "strong buy" analyst consensus and $109 average analyst price target. Get the SNPS Stock Research Report. Micron (MU)One of the great secondary chip stocks to buy is Micron (NASDAQ:MU). All future trends result in data creation and Micron is perfectly positioned for this with its DRAM/NAND memory portfolio.Source: Shutterstock "The incredible amount of data generated by AI, AR/VR and autonomous driving would require significantly higher memory, both NAND and DRAM, leading to strong and long-term tailwinds for MU" writes RBC Capital.Plus we could be looking at a compelling entry point. Indeed, Deutsche Bank's Sidney Ho (Track Record & Ratings) points out that shares appear cheaper right now. He has just reiterated his "buy" rating with a $60 price target.And the tech stock still retains its "moderate buy" analyst consensus rating. This is with a $54 price target. Get the MU Stock Research Report. Microsoft (MSFT)Last but not least, make sure to make room for Microsoft (NASDAQ:MSFT). This is a company that ticks all the boxes when it comes to the best stocks to buy for future trendsSource: Shutterstock "Leading hyperscale hybrid cloud platform with big runway of growth in AI, IoT, Gaming and other services" explains RBC on the stock's inclusion in its 2025 portfolio.Like GOOGL and AMZN, MSFT stock benefits from 1) massive amounts of raw compute power; 2) large data sets; and 3) ability to hire the smartest data scientists on the planet.It picks Microsoft as the No. 1 AI company in the public cloud space. This is thanks to the company's rapidly growing Azure cloud platform. * 7 Dark Horse Stocks Winning the Race in 2019 "We believe Microsoft is in an enviable position vs other public cloud competitors as their customers can also leverage AI and ML capabilities on premise, something [Amazon's] AWS and [Google's] GCP can't deliver natively" points out RBC Capital.Also note the stock's killer "strong buy" rating with 20 out of 21 analysts bullish on the stocks prospects. Top this off with a $142 average analyst price target for upside of 17% and I would say Microsoft is one of the most appealing tech stocks to buy and hold onto! Get the MSFT Stock Research Report.TipRanks.com offers exclusive insights for investors by focusing on the moves of experts: Analysts, Insiders, Bloggers, Hedge Fund Managers and more. See what the experts are saying about your stocks now at TipRanks.com. As of this writing, Harriet Lefton did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post 10 Tech Stocks to Buy Now for 2025 appeared first on InvestorPlace.
Goldman Sachs’ chief US equity strategist, David Kostin, thinks that “rising market concentration” and geopolitical tensions pose a “regulatory risk” to companies, which could harm their fundamentals.
The Fed's two-day meeting is scheduled to start on June 19. The Fed will release a statement and announce its interest rate decision on the same day. Expert Jim Grant weighs in on the possibility of an interest rate cut.
Apple (AAPL) is holding out hope that China will target it as its trade war with the US escalates. The US last month blacklisted Huawei, leading US suppliers to give the Chinese technology star a wide berth. Google has reduced its business dealings with Huawei, while Microsoft (MSFT) has stopped selling Huawei laptops on its digital shop.
Just when everyone thought Qualcomm (NASDAQ:QCOM) had solidified its market dominance by ending one battle, two other significant obstacles appeared yo hamper Qualcomm stock.Source: Shutterstock The intensified trade war with China threatened growth in its largest market. Moreover, an FTC ruling that Qualcomm violated antitrust law wiped out most of the recent gains in QCOM stock. However, even though uncertainty remains, Qualcomm's problems are a reason to readjust expectations rather than positions.After Apple (NASDAQ:AAPL) settled its ongoing lawsuit with Qualcomm, QCOM surged by more than 50% in less than two weeks. After that move, I figured it would see a pullback.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe renewed trade war and the FTC's antitrust ruling against QCOM made me even more correct than I had expected. Those events took QCOM back to the $65 per share level by late May. It has since recovered to just under $70 per share. Still, it remains well below the $90 per share peak achieved after the Apple settlement. * 7 Top-Rated Biotech Stocks to Invest In Today Uncertainty and Qualcomm StockOf course, Qualcomm has begun the process of appealing the ruling. For this reason, Qualcomm wants to delay the enforcement of the antitrust decision. LG (OTCMKTS:LGEAF) wants it enforced immediately for fear they will have to sign another deal that they perceive as unfair.Investors should also question if their recent deal with Apple represents a true "settlement." Apple has begun discussions to buy Intel's (NASDAQ:INTC) German modem unit. This is important because this unit makes up the former Infineon, a company that had tried to compete with Qualcomm. Buying this unit could make it possible to develop the needed chipsets internally.For these reasons, I understand the recent sell-off. Most profit forecasts revolved around the company holding more pricing power. Additionally, we know Apple has tried for years to free itself from dependence on Qualcomm. If Apple develops a comparable modem chip, QCOM will suffer. The Long-Term Case for Qualcomm StockHowever, despite the challenges, I remain bullish on Qualcomm.First, the present and the future of wireless still depend on Qualcomm. Much like Microsoft (NASDAQ:MSFT) had a stranglehold on PC operating systems in the 1990s, Qualcomm dominates the market in the chipsets that make smartphones possible.Even though Apple fought for years to not pay Qualcomm's licensing fees, the need for the company's modem chips forced the company to settle. Moreover, the fact that Intel struggled to adequately compete may also mean that Apple's attempt to develop these chipsets internally may not succeed.Right now, investors can buy such dominance for only 13.3 times forward earnings. Profit growth will stagnate this year. Admittedly, earnings could also take a hit if the government starts enforcing the antitrust settlement immediately. However, analysts project a 37.1% increase in earnings next year. They also predict annual profit growth will average 27.05% per year for the next five years.Still, even if the government enforces the settlement now, investors in QCOM stock should consider what I see as a forgotten and underrated dividend. Its current annual payout of $2.48 per share yields almost 3.6%. Moreover, this payout has consistently risen since the company began dividend payments in 2003. Investors should also note that these increases continued, even in recent years when the dispute with Apple hampered the growth of Qualcomm stock. Concluding Thoughts on Qualcomm stockThe trade dispute and the FTC ruling change the expectations surrounding QCOM stock, but they should not change the buy case. Yes, the recent events return QCOM to much the same position it held when it fought its costly dispute with Apple.However, investors need to remember that at least for now, we have a lucrative monopoly that should soon benefit from the technological quantum leap. Those who buy now pay a forward multiple of 13.3. Moreover, QCOM has become underappreciated as a dividend stock.It yields almost 3.6% and has maintained close to an annual track record of payout hikes for the last 16 years. The long-time dispute with Apple did not slow these increases, the more recent challenges likely will not either.Qualcomm stock has brought a great deal of frustration to investors. However, those that let emotions get the better of them could miss out on one of the more significant growth and income equities in today's market.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post Don't Let Uncertainty Make You Miss out on This Qualcomm Stock Weakness appeared first on InvestorPlace.
(Bloomberg) -- Magic Leap Inc., a U.S. startup that makes a headset to project digital objects onto the real world, accused one of its former engineers of stealing its technology to create his own augmented reality device for China.In a lawsuit filed Monday, Magic Leap alleges that Chi Xu, who left in 2016, exploited its confidential information to “quickly develop a prototype of lightweight, ergonomically designed, mixed reality glasses for use with smart phones and other devices that are strikingly similar” to the Florida-based startup’s designs.The lawsuit marks the latest accusation from an American firm of intellectual property theft by Chinese companies, a perennial sore point that’s helped escalate tensions between the world’s two largest economies. With more than $2 billion in financing, Magic Leap is one of the better-funded startups delving into so-called augmented or mixed reality, a technology that gives users the illusion that fantastical, three-dimensional digital objects exist in the physical world.Xu, who founded Beijing-based Hangzhou Tairuo Technology Co., also known as Nreal, unveiled his own augmented reality glasses at a major Las Vegas trade show in January, touting them as lighter than the Magic Leap One, Forbes has reported.Apart from Magic Leap, Facebook Inc., Microsoft Corp. and Alphabet Inc.’s Google are also developing products for virtual or augmented reality. It remains to be seen whether anyone can turn the area into a big money-spinner.Magic Leap released its headset last August after seven years of secretive work and more than $2 billion of investment. The startup alleges that Xu plotted during his roughly 13 months working there to launch his own competing company in China and “neglected his work duties” to acquire proprietary information.“Whereas Nreal purported to develop its Nreal Light product in under two years, Magic Leap developed its technology after extensive investment of time (multiple years), money (hundreds of millions of dollars spent on research and development) and human resources (hundreds of engineers),” according to the complaint.Xu is accused in the suit of breach of contract, fraud and unfair competition. Nreal is also named as a defendant. Representatives at Nreal had no immediate comment on the lawsuit, while Xu did not respond to a message sent to his LinkedIn account.The case is Magic Leap Inc. v. Xu, 19-cv-03445, U.S. District Court, Northern District of California (San Francisco).\--With assistance from Zheping Huang.To contact the reporter on this story: Peter Blumberg in San Francisco at email@example.comTo contact the editors responsible for this story: David Glovin at firstname.lastname@example.org, Edwin Chan, Peter ElstromFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Take Two Interactive scored positive press and analyst coverage for its showing at the E3 video game show last week. One analyst on Monday raised his price target on Take Two Interactive stock.