149.75 +0.85 (0.57%)
After hours: 6:46PM EST
|Bid||149.75 x 1000|
|Ask||149.93 x 1000|
|Day's Range||144.82 - 152.78|
|52 Week Range||133.31 - 292.76|
|Beta (3Y Monthly)||2.65|
|PE Ratio (TTM)||19.90|
|Forward Dividend & Yield||0.64 (0.40%)|
|1y Target Est||N/A|
Android set-top box Shield TV has already added Alexa and a fully-featured version of cloud game streaming service GeForce Now, but it's making room for another significant update in the lead up to Christmas. Chief among the new additions is an Amazon Music app, which joins the growing list of music streaming platforms (Spotify, Google Play Music, Tidal, Pandora) already on the streamer. Amazon Music's arrival gives Shield users access to more music than any other streaming media device, according to NVIDIA.
Nvidia is a company that has reached the highest highs and the lowest lows, all in the span of a couple of weeks. Over the past two months, Nvidia’s stock has dropped from a closing price of $289.36 on Oct. 1 to today’s opening of $148.42, a decline of 48.8%. It takes a lot for a company to lose nearly half its value in such a short period of time, but Nvidia is proving that an otherwise strong technology business can disappear in a blink of an eye.
The Dow Jones Industrial Average and the S&P 500 were rising sharply Wednesday. Tencent Music begin trading on the New York Stock Exchange Wednesday and the stock jumped 8.8% to $14.14. The initial public offering for the Chinese streaming company was priced at $13, the low end of its expected range.
Now, according to MarketWatch, Cowen suggests that AMD is “among best ideas for 2019.” This statement comes after Cowen named Amazon the best investment for 2019. 2018 was particularly strong for AMD, as it gained share in the desktop, laptop, and graphics processing unit (or GPU) markets. Although the end of the cryptocurrency boom could affect AMD somewhat, Nvidia (NVDA) is likely to suffer more since it has more exposure to GPUs.
As of December 11, Apple stock has lost about 25.3% sequentially compared to a 9.5% and 12.1% drop seen in the S&P 500 Index (SPY) and the NASDAQ Composite Index (QQQ), respectively. On December 12, Apple seems to be on a recovery path. At 10:11 AM EST, Apple was trading at $171.03 with 1.4% gains.
Among the 27 analysts covering Qualcomm (QCOM), 13 recommended a “buy,” while 14 recommended a “hold.” None of the analysts recommended a “sell.” The company will likely continue to perform well despite the trade war and other global headwinds. Analysts have set a target price of $68.50 for the stock and a median consensus estimate of $68.00. Qualcomm was trading at $57.11 on December 4—a 16.0% discount to its consensus median target estimate.
Verizon VZ was downgraded to "equal-weight" from "overweight" at Morgan Stanley, which notes Verizon's year-to-date outperformance compared to both the S&P 500 and rival AT&T T . Morgan Stanley feels the stock is now fairly valued and that good news is already priced in. Mallinckrodt MNK – The Food and Drug Administration declined to approve a reformulated version of the British drug maker's opioid painkiller Roxicodone.
U.S. stock futures rose on Wednesday, Dec. 12, and global stocks traded higher as investors cheered progress in U.S.-China trade talks but kept a watchful eye on developments in the United Kingdom, where Prime Minister Theresa May faced a leadership challenge that could deepen the country's political crisis. Contracts tied to the Dow Jones Industrial Average rose 178 points, futures for the S&P 500 gained 19.50 points, and Nasdaq futures jumped 61.50 points. Donald Trump told Reuters he was pleased with the early progress in trade talks with Beijing, and said he would be prepared to meet with Chinese President Xi Jinping if it would bring the sides closer to a comprehensive agreement.
Chip maker Broadcom (AVGO) has strong cash flows and has been rewarding its shareholders with dividends and share buybacks. In the fourth quarter of fiscal 2018, the company’s cash flow from operations was $2.64 billion compared to $2.25 billion in the previous quarter and $1.96 billion in the previous year’s quarter. Broadcom generally returns 50% of the previous fiscal year’s free cash flow to stockholders in the form of cash dividends.