|Bid||53.79 x 800|
|Ask||53.80 x 900|
|Day's Range||53.68 - 54.05|
|52 Week Range||41.91 - 61.02|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||11.31|
|Forward Dividend & Yield||0.37 (0.68%)|
|1y Target Est||63.58|
July 1 marks the forty-year anniversary that Sony revolutionized the way we listen to music with the Walkman. In its heyday, the Walkman was synonymous with portable music players, though sales began to plummet after the rise of the CD-player and after that Apple's iPod. The Final Round panel takes a trip down memory lane.
The Sony Walkman turns 40 years old. It was first launched in Japan in 1979 and sold for roughly $150. Yahoo Finance's Seana Smith, Jared Blikre, Melody Hahm and Heidi Chung discuss.
Nvidia (NASDAQ:NVDA) is a pioneering maker of graphics processing units for gaming and professional markets. Since Oct. 2018, Nvidia stock price has been under pressure and over the past 12 months, Nvidia stock has slumped about 32%.Source: Shutterstock For years, NVDA stock has been a leader in the increasingly competitive graphics-card market. Today, I want to discuss the recent battle for market share between Nvidia and Advanced Micro Devices (NASDAQ:AMD), which has been regarded as the perennial runner-up to NVDA. * 7 Defense Stocks to Buy to Fortify Your Portfolio AMD is expected to report its Q2 earnings on July 24, about three weeks before the expected release of Nvidia's earnings. Therefore, in addition to paying attention to Nvidia 's fundamentals, investors may want to pay close close attention to AMD's results, which may very well impact Nvidia stock price.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors Regard NVDA as the Premiere Graphics Chip StockPreviously much loved by investors, especially in 2017 and most of 2018, Nvidia stock gets a lot of attention, compared with other chip stocks. In 2015, Nvidia stock price was hovering around $20. In Oct. 2018, it hit an all-time high of $292.76. On Dec. 26, 2018, it reached a 52-week low of $124.46. In late morning trading today, Nvidia stock price was about $170.NVIDIA sells two main products: graphics processing units (GPU) and Tegra processors. GPUs accelerate central processing units (CPUs), boosting the performance of video and graphics and improving computers' overall performance.Nvidia's GPUs are used in PCs and data centers. Tegra is a system-on-a-chip (SoC) suite developed by Nvidia for mobile devices. For example, Nintendo's (OTCMKTS:NTDOY) Switch uses Tegra. But Tegra only accounts for about 10% of NVDA's total revenues.The company's GPUs have earned a superior reputation compared to competing products, particularly within the gaming industryGamers have not hesitated to pay considerably more for better performance. And for years, NVDA's superior product quality and performance have translated into large revenue and market share, boosting Nvidia stock price. What to Expect From Nvidia's Q2 EarningsNVDA is expected to report its earnings on Aug. 15. When NVDA reports its results, Wall Street will pay attention to the company's five segments that drive NVDA's revenues, i.e., gaming, data center, professional visualization, automotive, and edge computing.Gaming accounts for over 40% of Nvidia's total revenue. During Q1, the unit's revenue tumbled 39% YoY. Investors are quite worried about the company's fundamental growth outlook, which is mostly based on its GPUs for gaming and artificial-intelligence servers. Nvidia's EPS and Nvidia stock price are very closely linked to the sales trends of its GPUs.NVDA's chips had been dominant in PCs. However, a higher percentage of the industry's games are being played on consoles now, and NVDA's GPUs aren't usually incorporated into consoles. Sony (NYSE:SNE) is, for example, using AMD's products in its consoles.Analysts have noted that the crypto craze, which for the most part waned in 2018, can no longer be relied upon to further boost Nvidia's GPU business. Long-term owners of Nvidia stock may well remember that the increase in Nvidia stock price in 2015 largely coincided with the popularity of cryptocurrencies like Bitcoin. Indeed, NVDA's fall from grace started with the collapse of the cryptocurrency craze, which has dealt a blow to the top and bottom lines of NVDA.Wall Street it also concerned that NVDA's automotive business, based on the advent of artificial intelligence (AI)-powered autonomous vehicles, may suffer in coming months. Currently, automotive is the smallest of all of NVDA segments, accounting for just over 5% of its revenue.The current U.S.-China trade war has not helped NVDA, either, as nearly a quarter of Nvidia's sales comes from China. The headwinds of the sector make many analysts wonder whether NVDA can, in the near future, regain the kind of rapid and sustained growth that investors had grown used to in recent years.In its Q1 results, reported in May 2019, NVDA beat analysts' average revenue estimate by 1 %. Furthermore, NVDA expects its full-year revenue to be flat in fiscal 2020. In recent years, Nvidia has managed to keep its revenues intact, in part by increasing its prices. But now that AMD is becoming a serious contender, can NVDA continue to rely on price hikes? Could NVDA Be Dragged Into a Price War?Nvidia is dominant in graphics processing units (GPUs). And until 2019, Advanced Micro Devices (NASDAQ:AMD) mostly played catch-up with Nvidia in GPUs.But during the current quarter, AMD is expected to start selling graphics cards utilizing its 7-nanometer (nm) chips, which are touted as highly power-efficient. As AMD launches its Navi graphics cards featuring the company's 7-nanometer chips, it's confident that its GPUs will take market share from NVDA's chips in the gaming segment.Over the past few weeks, responding to AMD's new products, Nvidia's management has taken several steps,. Specifically, NVDA launched new "Super" versions of its RTX GPR offerings, i.e., RTX 2060, 2070, and 2080. These new versions are considerably faster than their predecessors, but NVDA is selling the new chips at the same prices as the old ones, effectively cutting its prices.AMD responded by reducing its own prices, making investors wonder if either chip maker will benefit from these recent developments. Should Long-Term Investors Buy Nvidia Stock Now?Despite the semiconductor industry's headwinds and cut-throat competition from AMD, there is strong demand for Nvidia's graphics processors, for use not only in video games but also in data centers and work stations. Industry experts also regard NVDA as a top player in the AI chip space, and its graphics chips are highly sought after for use in deep-learning applications.NVDA is also exploring smart-city solutions, which exploit its proficiency in artificial intelligence and data analytics. In other words, the company is somewhat shifting its focus from processors to providing the full technical backbone for AI ecosystems. As the use of artificial intelligence and machine learning continues to rapidly grow, NVDA's AI business could expand exponentially.As new frontiers in technology, such as the internet of things (IoT), artificial intelligence, autonomous driving, and 5G, are developed, I am hopeful that Nvidia's earnings will climb tremendously, lifting Nvidia stock price. Thus, I am also upbeat on the long-term outlook of NVDA.However, in the short-term, effectively lowering its prices to compete with AMD may not necessarily translate into larger market share and a higher stock price for Nvidia.Although Nvidia stock will likely reward long-term investors, tech stocks may remain volatile over the next few weeks. A couple of negative earnings-related or macro-economic news headlines may drive many stocks, including Nvidia, down. Such a decline of Nvidia stock price could provide long-term investors with a better entry point.Investors may consider waiting on the sidelines if they do not currently have any positions in Nvidia stock. I'd consider going long the stock if its price drops back below $150. The shares will be even more attractive on a drop toward $125.Investors who already own NVDA may consider either taking some money off the table or hedging their positions. As for hedging strategies, covered calls or put spreads that expire on Aug. 16 could be appropriate, as straight put purchases are likely to be expensive due to the heightened volatility of NVDA.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post How Will Nvidia Stock Hold Up Amid Tough Competition From AMD? appeared first on InvestorPlace.
Microsoft (MSFT) has unveiled its next-generation video game console in the midst of contemplating Xbox production cuts in China.
Disney (NYSE:DIS) stock has seen a nice run since April, with shares up more than 30%. Investors are highly bullish on the announced Disney+ streaming service. But with the company's current valuation, is short-term upside limited?Source: Shutterstock Disney is a content machine, and the expansion of streaming will enhance monetization of its entertainment properties. But does this mean short-term upside to the Disney stock price? * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Read on to see whether the Magic Kingdom's share price still has runway.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Content is King, and Disney is King of ContentDisney's decade-long acquisition spree (Marvel, Lucasfilm) capped off with the purchase of 21st Century Fox. With franchises such as The Simpsons and Avatar joining the portfolio of Star Wars, and the Marvel Universe, it is safe to say Disney is "King of Content."According to Box Office Mojo, Disney's film distribution arm (Buena Vista) had a 34.9% studio market share for the first half of 2019. Combined with 20th Century Fox's 3.9% market share, the combined Disney-21st Century Fox took home nearly 40% of theatrical box office receipts.While theatrical is only a small portion of film entertainment revenues, these figures indicate how the popularity of the company's content is leaps and bounds ahead of peers.Warner Bros., which is owned by AT&T (NYSE: T) subsidiary WarnerMedia, had only a 14.4% market share. Comcast's (NASDAQ:CMCSA) Universal had a 13.5% market share. Sony's (NYSE:SNE) Columbia Pictures had a 9.8% market share. Paramount Pictures, a unit of Viacom (NYSE:VIA) was far behind the pack, with just 5.1% studio market share.But is this extensive collection of entertainment franchises the company's key to beating Netflix (NASDAQ:NFLX), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), and Apple (NASDAQ:AAPL) in the streaming wars? Streaming Strategy Key Catalyst for Disney StockAfter the 21st Century Fox purchase, Disney owns two-thirds of streaming service Hulu. Disney now has full operational control, and can buy out Comcast's one-third stake as early as 2024.Along with ESPN+, Disney already has assets in place to rival Netflix in the streaming wars. Add in Disney+, and the company could leverage their content dominance into a commanding streaming market share.But in the short-term, the company's streaming platforms are losing money. Both ESPN+ and Hulu generate operating losses. Disney+ will lose money for several years as well, with the company anticipating the service to only reach profitability in 2024.Disney generates sufficient free cash flow ($2.7 billion alone in Q1 2019) to subsidize these losses, but in the short-term could see earnings take a dip. Excluding one-time items, the company's Q1 EPS was down 13% YoY.On the other hand, Disney may be able to use increased operating efficiencies to mitigate streaming losses. The 21st Century Fox acquisition is slated to be accretive to earnings, as the company expects $2 billion in cost synergies by 2021.Long-term, the streaming strategy could push the Disney stock price to new highs. But at the current valuation, can investors expect additional short-term upside? Valuation: DIS Stock Pricey, But Could See More ExpansionTo a value investor, Disney stock is a hard pass. Trading at 22 times forward earnings, and at an Enterprise Value/EBITDA ratio of 19, DIS stock sells at a premium to its direct peers:Viacom: 10 times forward earnings, EV/EBITDA of 7.7CBS (NYSE:CBS): 8 times forward earnings, EV/EBITDA of 9.5AT&T: 9 times forward earnings, EV/EBITDA of 7.7Comcast: 13.4 times forward earnings, EV/EBITDA of 10But comparing DIS stock's valuation to its "old media" peers may be the wrong way to look at the stock. To the investing community, Disney's killer combo of billion dollar franchises and streaming infrastructure justifies a premium valuation.If the company continues to meet expectations, investors could bid up the Disney stock price to a valuation closer to that of Netflix and Amazon.But are investors getting ahead of themselves? It could be five years before shareholders see a return on the streaming build-out. With several years until streaming becomes a cash cow, investors may have better opportunities to enter Disney stock down the road. Disney Stock Price Has Runway, But Not in the Short-TermDisney has proved itself time and time again to the investing community. Figuring out new ways to reinvent the wheel, the content juggernaut is a master at monetizing entertainment. With this impressive track record, it is highly likely the streaming strategy will be another game-changer.But the streaming growth story is fully baked into the Disney stock price. Short-term, this could mean that shares tread water at the current price level, potentially falling off if the company's quarterly results fail to meet expectations.Long-term, the streaming strategy could move the needle once it reaches profitability. But in terms of short-term gains, investors should be cautious before entering a position in DIS stock.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Disney Stock Has Runway, but Not in the Short-Term appeared first on InvestorPlace.
Sony unveiled the latest in its line of interchangeable lens mirrorlesscameras on Tuesday, debuting the A7R IV, its top-of-the-line full-framedigital shooter aimed at pros
This is the first high-powered flagship Sony has released in some time, and it's nothing if not unusual. There's little question that the Xperia 1 is the kind of device only Sony would make, and that no other smartphone maker out there is working with the same set of priorities. Occasionally, that means the Xperia 1 feels refreshing.
“Spider-Man: Far From Home” was No. 1 at the domestic box office again this past weekend, but two new counterprogramming movies failed to generate much heat. The Sony (NYSE: SNE) Spidey flick added another estimated $45 million to its North American coffers for a new total of $275 million. “Toy Story 4” was runner-up with an estimated $21 million, bringing the Walt Disney Co. animated adventure’s domestic total to $346 million and $771 million globally.
Microsoft's (MSFT) robust execution and better-than-expected demand from customers for hybrid cloud offerings is likely to act as another tailwind.
Next Thursday, Microsoft (NASDAQ:MSFT) will announce its fiscal fourth-quarter results. The earnings looks poised to be rather important. After all, Microsoft stock has been on a nice bull run, with the shares up about 36% for the year so far, putting its market cap at a staggering $1 trillion. In 2019, MSFT stock has performed better than various other mega tech names like Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG).Source: Shutterstock But could analysts' Q4 estimates for MSFT be too high, in light of the strong performance of Microsoft stock? They actually look fairly reasonable.Consider that analysts, on average, are forecasting 9% growth on the top line to $32.8 billion and earnings per share of $1.21, up about 7% year-over-year. So analysts expect MSFT's top-line growth to decline from the prior quarter, when its revenues climbed 14%. The fact is that it's getting tougher for MSFT to grow rapidly because its cloud business is getting more mature.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Note that there was a lot of Microsoft news last quarter. Here's a look at some of the highlights: * MSFT and Sony (NYSE:SNE) are tough rivals. But they are willing to cooperate when there is an opportunity to make money. So the companies have become partners, as MSFT will integrate its systems into Sony's massive sensor business. The deal should help keep up the momentum of MSFT's cloud business. As for SNE, it will benefit from MSFT's extensive AI capabilities. * Interestingly enough, MSFT launched a partnership with another long-time rival - Oracle (NYSE:ORCL). That alliance appears to be a shot at Amazon.com's (NASDAQ:AMZN) cloud business. The deal will allow result in the seamless integration of workloads between MSFT and ORCL's platforms. * At the MSFT Build conference, the company issued many new announcements. As should be no surprise, there was a big focus on the company's cloud hosting platform and its AI. MSFT highlighted a few updates for Office 365, including an AI-powered grammar system. * MSFT teamed up with JPMorgan Chase (NYSE:JPM) to leverage blockchain. The focus will be on helping JPM's clients better use this technology. * At the E3 conference, MSFT provided details on 60 of its upcoming games - like Halo Infinite and Gears 5 -- as well as the next Xbox, which is expected to launch during the 2020 holiday season. The company also announced its cloud gaming service, xCloud. The Bottom Line on MSFT StockThe valuation of MSFT stock is far from cheap. Consider that the forward price-earnings multiple of Microsoft stock is 27. The dividend yield is also a meager 1.33%.But MSFT stock deserves a premium, as the company has returned to its winning ways. MSFT has retooled its legacy Office and Windows franchises. Its bold acquisitions, including its purchases of LinkedIn and Github, have enabled MSFT to enter new markets.And more importantly, MSFT's fast-growing cloud business has been quite successful, as it is now the clear number two in the industry. In fiscal Q3, the revenue of its cloud unit spiked by 73%.And finally, the company is also a huge generator of cash, which allows it to continue making investments, acquisitions and buybacks. In other words, when it comes to next week's earnings report, it's a good bet there won't be negative surprises for the owners of Microsoft stock.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 * 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 What Should the Owners of Microsoft Stock Expect From MSFT's Earnings Report? appeared first on InvestorPlace.
If you've been following Advanced Micro Devices (NASDAQ:AMD) this year, it's hard not to get excited. On seemingly all fronts, AMD stock price delivers the goods.Source: AMD Technically and fundamentally, we have the green light to continue piling onto shares. Yet I believe in this extremely bullish environment, the contrarian view is worth serious consideration. A Closer Look at AMD StockFirst, the good news. I haven't always been a huge fan of Advanced Micro Devices stock, as many angry Reddit users will confirm. However, for someone who is not predisposed to jumping on the AMD bandwagon, I must admit the technicals look strong.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNamely, you're seeing exactly what you want to see this year: a series of higher highs and higher lows. Moreover, other classic indicators suggest a healthy and optimist market for the AMD stock price.The nearer-term 50-day movirage is well above the longer-term 200 DMA. And the relative strength index, or RSI, suggests warm but not overheated sentiment. * 10 Best Stocks for 2019: A Volatile First Half Primarily, AMD recently launched its first Navi-based graphics cards, the RX 5700 and the RX 5700 XT. Management designed these two GPUs to face off against Nvidia's (NASDAQ:NVDA) RTX 2060 and RTX 2060 Super. Long story short, the AMD variants on average produce superior performance metrics than Nvidia's cards.And because Advanced Micro made the decision to match prices with Nvidia's offerings, the consumer is incentivized to go with the former. But before you jump onboard AMD stock, here's something to consider. For AMD Stock, Disruption Has a CostPeruse any tech journal or resource, and you'll almost certainly come across the term disruption. Currently, it's a buzzword, and it can apply to other segments beyond tech.Regarding AMD stock, I appreciate why the bulls are gung-ho about it. Throughout AMD's history, the company earned a reputation as a low-cost leader. Its products weren't always best in class, but they were best in price.Naturally, though, good companies led by visionary leadership want to grow beyond their roots. To AMD's credit, CEO Dr. Lisa Su has done a remarkable job turning the organization around. And they finally shed their discount-bin image with some incredible products that rival segment leaders like Intel (NASDAQ:INTC) and Nvidia.While stakeholders of AMD stock are excited about this disruption of the old guard, they should also know that disruption comes at a cost.When I worked for Sony (NYSE:SNE), higher-up colleagues told me stories about how the company disrupted several markets. Flooding the retail sector with quality products at relatively cheap prices, the consumers naturally shifted brand allegiances.Once Sony secured its dominant market share, they subsequently raised prices.I imagine that's the same tactic that AMD has in mind. If done correctly, it very well could skyrocket Advanced Micro Devices stock. However, Sony did their disruptive work at the height of its power. It could also afford to take the financial hit.However, I don't have that same confidence with AMD stock. The smaller semiconductor firm just doesn't have the firepower to go toe-to-toe with an Intel or Nvidia. Among the three, AMD routinely registers negative free cash flow.I don't doubt that the company can disrupt with its products. But in my opinion, management must guard against hubris. China and AMD StockAlthough it's hardly a scientific survey, you should check out Stocktwits.com's feed on Advanced Micro Devices stock to gauge sentiment. Overwhelmingly, the opinions favor AMD. In fact, you have to really look for bearish opinions.Among the arguments supporting a higher AMD stock price was a technical one. Specifically, a user argued that AMD's trend channel showed nothing but optimistic indicators. Like I said near the top, I agree with that assessment.But interestingly, if you look at the really long-term chart for AMD stock, you'll likely arrive at a different conclusion. Starting from the early 2000s tech bubble, AMD is actually charting a series of lower highs and lower lows. Click to EnlargeRight now, we're near this trend channel's third peak, which suggests an inflection point: do shares move higher or do they collapse like history suggests?Under this context, I'm not liking the China headwind. Although the U.S. and China have agreed to hold off further tariffs, this peace is tenuous at best. Both administrations are under pressure from their respective constituents to not show weakness.It's also telling that prior to the temporary truce, semiconductor firms were worried about the trade war. Now, they're not? That doesn't make much sense.But like I said earlier, AMD doesn't have the financial strength to ride out storms like Nvidia or Intel. Therefore, I wouldn't take this bet. When you're simultaneously dealing with questionable financials and even more questionable geopolitical headwinds, it's no time for recklessness.As of this writing, Josh Enomoto is long SNE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks to Buy for the Rest of 2019 * 7 Education Stocks to Buy for the Future of Academia * 5 Stocks to Buy as You Rebalance Your Portfolio The post AMD Stock Has Created an Interesting Problem with Its Massive Success appeared first on InvestorPlace.
The Sony of 2019 is, effectively, an entertainment media and camera company that happens to still make a bunch of hardware.
Previously, a prior iteration from the web-slinger series, “The Amazing Spider-Man” starring Andrew Garfield in the title role, held the record for a Tuesday opening with $35 million on July 3, 2012. Regardless, “Spider-Man” looks to be a breath of fresh air as the movie industry goes into the second half of the year trailing last year’s record ticket sales by nearly 10 percent.
Broadcom, Waymo, American Air, Samsung, Sony and Disney are the companies to watch.
To celebrate the 40th anniversary of the first Walkman sold (the TPS-L2, naturally), Sony is showing off the history of the portable music player in central Tokyo. It will run across the summer, through until September 1st, with writers and experts offering up interviews and talks on the iconic cassette (and CD) player series. Sony has assembled 230 different Walkmans laid out on a "Walkman Wall", and the whole thing shouldn't be hard to find -- a giant neon-yellow WM-F5 will lead the way.
Sony and Taboola plan to enable premium publishers to share curated content in what they call "an immersive news reading experience."
Over the last few years, you would be forgiven for thinking that virtual reality, mixed reality, and augmented reality, are areas of tech that reside firmly in the domain of the gamers and entertainment industries. There is good reason for this, virtual reality has always been the poster child for immersive entertainment, while augmented and […]
Sony (NYSE:SNE) is releasing two PlayStation Plus free games for July 2019 as the company does every month since it changes the way it structures its offerings for Plus subscribers.For many years, the electronics giant would allow Plus members to download up to six games for free with the subscription, which often included two PS4 titles, two PS3 games and two PS Vita ones; there was usually cross-compatibility across some of these consoles. However, the company recently made a change and it is now only offering two games, both of which are PS4 offerings.Here are the PlayStation Plus free games for July 2019 from the company:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Pro Evolution Soccer 2019: One of the titles you can download next month is Pro Evolution Soccer 2019, which is a soccer game that rivals the FIFA titles. You can choose from many of the top teams around Europe, South America and the rest of the world in this game where you can play solo or with others. The PES series has been around for decades at this point, and it's been making a bit of a comeback in recent years. * Horizon Chase Turbo: Racing lovers will be happy with this PS4 game, which features a retro look, style and feel reminiscent of racing games from the 80s and 90s. It looks slightly sleeker than those old games, while still maintaining the vibe of the old-school days.Both games will be available for download throughout the month of July. More From InvestorPlace * The Top 8 Tech Stocks of 2019 (So Far) * The 7 Top Small-Cap Stocks Of 2019 * 7 Stocks to Buy for a Dovish Fed Compare Brokers The post PlayStation Plus Free Games for July 2019 appeared first on InvestorPlace.