|Bid||178.53 x 4000|
|Ask||178.54 x 3100|
|Day's Range||178.43 - 180.69|
|52 Week Range||143.46 - 187.53|
|PE Ratio (TTM)||4.69|
|Beta (3Y Monthly)||1.10|
|Expense Ratio (net)||0.20%|
Is Wall Street Over-Optimistic about Apple’s New Services?Apple On Monday, Apple (AAPL) announced many new services in its efforts to boost its services segment sales. For years, the iPhone has been Apple’s primary revenue source. These efforts
Bill Ackman’s Pershing Square Is Off to Its Best Start Ever in 2019(Continued from Prior Part)Chipotle gives a boost to Pershing SquareWe saw in Why Chipotle Could Help Ackman Outperform after a Dismal 2018 how Chipotle Mexican Grill (CMG) has
Bill Ackman’s Pershing Square Is Off to Its Best Start Ever in 2019Pershing Square’s best-ever start to a yearAfter a dismal 2018, this year is turning out to be a blockbuster for Pershing Square. As per its annual report released yesterday, its
Apple's New Services: Morgan Stanley Approves(Continued from Prior Part)Apple’s video streaming servicesOn March 25, Apple (AAPL) announced a range of new services, including its video streaming services, during a special event. Despite the big
Both Housing Starts/Building Permits and the latest Case-Shiller home price index came in worse than expected. Meanwhile, MCD and Uber make purchases.
Apple's New Services: Morgan Stanley ApprovesApple On March 25, Apple (AAPL) unveiled Apple TV+, its video streaming services, and Apple News+, its paid new subscription services. During the event, CEO Tim Cook tried his best to highlight the
Key Tech and Media Updates: Apple, Netflix, Amazon, and FacebookThe Nasdaq Composite Index fell 2.5% on March 22After rising for most of last week, the tech-heavy Nasdaq Composite Index (QQQ) fell 2.5% on Friday, March 22, erasing all the gains of
Although it's a short sample size, Twitter (NYSE:TWTR) has been underperforming both its peers and the tech sector so far this year. While Twitter stock is up 14.9%, it's lagging both Facebook (NASDAQ:FB) and Snap (NYSE:SNAP). Those two stocks are up 25.4% and 96%, respectively, while the PowerShares QQQ ETF (NASDAQ:QQQ) is up almost 16% so far on the year.Source: Shutterstock Given this underperformance, are investors overlooking Twitter stock, particularly when it comes to its balance sheet? Twitter Stock and Its Balance SheetAs it stands, Twitter commands a market cap of about $25 billion. After the most recent quarter, Twitter holds about $1.9 billion in cash and has $4.3 billion in short-term investments. Together, that totals about $6.2 billion in cash, making up about one-fifth of the company's market cap.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Marijuana Stocks to Play the CBD Trend The company does have about $900 million of its $1.73 billion in total debt coming due. Even after netting that out though, we're still talking about net cash of roughly $4.5 billion. That's surprisingly strong for a company that many investors don't value very highly.Breaking it down a bit more, the company's total current assets of $7.1 billion easily outweigh Twitter's total current liabilities of $1.5 billion. This gives Twitter a quick ratio of ~4.7, meaning it can very easily meet its short-term obligation.A quick ratio of 1 would suggest a company can meet its obligations, so having multiples of that figure shows the short-term strength in this business.Total assets of $10.1 billion are almost three-fold the $3.35 billion Twitter has in total liabilities. That is coupled with the $855 million that Twitter has generated in free cash flow over the trailing 12 months and the financial position gains even more strength. If Twitter stock can maintain this momentum, it will gain even more strength over the coming year.As it stands, analysts expect Twitter to grow revenue by 14% both this year and next year. Earnings expectations call for flat growth this year and 18% growth next year. Overall, Twitter's balance sheet should be seen as a notable asset rather than a risky liability. Trading TWTR Stock Click to EnlargeTwitter may not be Facebook when it comes to the balance sheet, given that the latter has one of the strongest in the market. But it's definitely better than Snap's situation. That said, Twitter stock has still underperformed its two peers so far this year. On the flip side, Twitter's 6% rally over the 12 months bests Snap, which is down about 35%, and Facebook, which is roughly flat over the past year.On the charts, Twitter has been locked in a fairly wide trading range. While support sometimes comes into play down near $28 and at times near $30, $26 is "ultimate support." This level was the breakout area in February 2018 and has been very strong support each of the three times TWTR stock has tested it since then. On the upside, Twitter has generated selling interested up near $36.On Friday, the stock was outperforming the big selloff in the market but ultimately got caught up in the selling. It couldn't hold onto its potential breakout over the 200-day moving average and downtrend resistance.I want to see if we get any upside action over the next few days. If bulls can't bid TWTR stock higher, look for a possible test of $30 should the 50-day fail to buoy the name. Should Twitter stock rally, look to see if it can get above Friday's highs. If it can, $36 is on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post Why Twitter Stock Is a Buy on Its Balance Sheet Alone appeared first on InvestorPlace.
Did Apple’s Special Event Disappoint Investors?(Continued from Prior Part)Apple services announcementsEarlier today, Apple (AAPL) expanded its services segment offerings with Apple TV+, Apple News+, Apple Card, and Apple Arcade. In the quarter
Did Apple’s Special Event Disappoint Investors?Apple’s special eventOn Monday at 10:00 AM ET, Apple (AAPL) held its highly anticipated special event at the Steve Jobs Theatre in Cupertino. During the event, the company unveiled its news
The value of the euro jumped 20 basis points following Germany's IFO release, and the 10-year Bund swung back to positive territory.
Morgan Stanley: ‘Get Defensive’ on Inverted Yield Curve(Continued from Prior Part)Morgan Stanley bearish on S&P 500 Morgan Stanley chief equity strategist Michael Wilson’s year-end target for the S&P 500 (SPY) is among the most bearish
Markets Spooked as Yield Curve Inverts for First Time since 2007(Continued from Prior Part)Fed’s dovish stanceAnother factor that added to the downward pressure on yields came after the Fed’s more-dovish-than-expected take on future rate hikes.
Markets Weak despite Mueller Report: ‘It’s the Economy, Stupid’Futures Futures are pointing to a weak opening for the S&P 500 Index (SPY) and the NASDAQ Composite Index (QQQ). Over the weekend, US Attorney General William Barr released a
The markets next week will be focused on the Apple's surprise product unveiling Monday, as well as housing and consumer confidence numbers.
Mario Draghi: Is another ‘Whatever It Takes’ Moment at Hand?(Continued from Prior Part)EuropeWhile the rest of the world recovered from the 2007–2008 financial crisis, Europe (VGK)(EZU) has been engulfed in one crisis after another.
U.S. markets and stock ETFs tumbled Friday after weak manufacturing data out of the U.S. and Europe fueled safe haven bets and triggered a yield-curve inversion, a recession indicator that stoked fears ...
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
The Latest on Tech Stocks Apple, Google, Disney, and NetflixThe NASDAQ Composite Index is headed for another weekly gain The tech-heavy NASDAQ Composite Index (QQQ) is on track to post its 12th weekly gain in 13 weeks. The index rebounded 3.8% in
Fed’s Dovish Stance Surprised Jeffrey Gundlach(Continued from Prior Part)Gundlach on the Fed’s rate hike outlook Jeffrey Gundlach mentioned that while he predicted that the Fed would go down from two expected hikes in 2019 to 0.5 hikes, the Fed
Could Gold Prices Rise as Market Concerns Increase?Gold prices gain due to weak Eurozone data On March 22, gold prices (NUGT) have been gaining due to safe-haven bids led by weaker-than-expected economic data from the Eurozone (HEDJ). The data
Fed’s Dovish Stance Surprised Jeffrey GundlachFed’s dovish tone While talking to CNBC on March 21, the “bond king” and DoubleLine founder, Jeffrey Gundlach shared his views on the Fed’s recent meeting and what it could mean for the
What Fund Managers’ Allocations Say about the Market's Outlook(Continued from Prior Part)Most crowded trade As with the biggest tail risk, the latest Bank of America Merrill Lynch Survey resulted in a new “most crowded trade” response as well.