|Bid||30.26 x 800|
|Ask||30.45 x 800|
|Day's Range||30.21 - 31.05|
|52 Week Range||26.38 - 51.47|
|Beta (3Y Monthly)||0.42|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Artificial intelligence in housing won’t just eliminate Realtors. It could completely change the way we buy, sell and live.
Rates spiked 0.4% last week, so is 2019 mortgage refi boom over? Let's take a look at where rates are, and where they might go as we move into Fall.
Home buying is expected to ‘move further out of reach’ as new home construction still hasn’t returned to pre-recession levels.
In a week that was otherwise light on market news, Apple (NASDAQ:AAPL) lit a fire under large-cap tech stocks Tuesday with its livestream. This Apple event is the annual ritual where Tim Cook dons the traditional dark sweater, gets onstage at the "Steve Jobs Theater," and presents the new product lineup.We saw the new hardware: the Apple Watch Series 5…the 7th generation iPad…and of course the iPhone 11, now with two or even three rear cameras!But Apple also had a little surprise for its competitors in the streaming media market:InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe new Apple TV+ will launch Nov. 1, two weeks before Disney+…and it will be quite affordable. At $4.99 per month, it'll undercut everyone on price.This was a direct shot at Netflix (NASDAQ:NFLX), which starts at $8.99 per month these days, and The Walt Disney Co (NYSE:DIS), which currently charges $5.99 per month for Hulu and will offer Disney+ for $6.99. (Or you can get it bundled with ESPN+ and Hulu Original for $12.99 per month.) * 10 Battered Tech Stocks to Buy Now This is a pretty aggressive strategy to help Apple TV+ compete in a well-established space where Netflix (for example) already has over 150 million subscribers and nearly 1,800 TV shows and 4,000 movies.Judging by the market reaction to the Apple event, Apple TV+ is a contender. On an otherwise flat trading day, AAPL stock gained 1.2%, while NFLX, DIS and especially Roku (NASDAQ:ROKU) sold off hard. Below you can see how things played out after the livestream of the Apple event began at 1 p.m. EST:Investors were perhaps wise to be selling DIS. Sure, sales are growing - and perhaps Disney+ preorders are helping, along with major moneymakers like "Avengers: Endgame." But operating margins certainly aren't. Disney's earnings stats are dismal as well, with analysts revising their projections lower. Here is the full Report Card for DIS from my Portfolio Grader:Netflix's advantage over the likes of Disney is that (like Apple) it is an innovator. It totally disrupted its market with a game-changing product, and today it invests heavily in original content. Meanwhile, Walt Disney Pictures is just churning out remake after remake. At Accelerated Profits we went with NFLX stock and cashed out a 122% profit, regardless of Disney+.The media market has become ultra-competitive, and the innovators will win out. Ultimately, as I've made clear in Growth Investor, we're a consumer-driven economy - and today's consumers want unique, high-quality content.It's telling that the reaction to the Apple event had more to do with content services than hardware: The new iPhone 11 with its slow-motion selfies ("slofies") got little fanfare, and ROKU stock has been outright rejected since Tuesday.Now, Roku still has the lead, similar to how Netflix got a big lead from being installed on new TVs. But I think Apple TV will succeed in capturing market share and take the 2 spot. Apple fanatics can now forego the Roku media player - but still get that same convenience: They can get a year of Apple TV+ for free by buying an Apple TV (or any other) device…and they can stream Apple TV+ on their phones.In fact, Apple has been transitioning its focus from Products to Services for quite some time.While iPhone is still its largest sales category, Apple's Services segment contributes roughly twice as much as the wearables, the Macs and even the iPads. Naturally, Apple wants to keep that gravy train rolling by offering Apple TV+ to boost revenue further (and make earnings more predictable). Services is already what's driving Apple's revenue growth.Even Apple's latest major innovation - the Apple Watch - may soon become a vehicle for this trend…if Tuesday's livestream is any indication. The Other Key Takeaway from The Big Apple EventThe hardware on the Apple Watch is pretty impressive. With last year's Series 4, Apple added a heart sensor that lets you take your own electrocardiogram (ECG/EKG); the Apple Watch will automatically notify you if there's anything unusual. Now with the Series 5, there's an always-on display - which you can see from almost any angle - and a built-in compass. The Apple Watch can place an emergency call for you in 150 countries, now, too.But most of the focus with the Apple Watch was on your quality of life. In this year's livestream Apple event, the presentation of the iPhone 11 was all about what it can do. But with the Apple Watch, it was what it can do for you.Tim Cook kicked it off with testimonial videos: We heard from an elderly man whose Apple Watch automatically dialed 911 (and his wife) during a heart attack…plus stories from young parents, in which their EKG readings and the Watch's baby-monitor app featured prominently.In this shot from the presentation, you see it's all about the apps as well:Source: Apple Special Event September 10, 2019 Now that you can track just about anything for your health… what Apple is really selling you here is your own data.From workouts to your sleep cycles, reproductive health, and even meditation, the amount of data these wearables can collect is staggering. And to fulfill their potential, the apps need "the mother of all technologies."Up until now, technologies have certainly made our lives easier and more efficient…but with a lot of room for human error. People trip over cords, spill their coffee, and get tired.Artificial intelligence (A.I.) does not.If A.I. sounds futuristic, well then, the future is already here. If you use apps like Netflix, TurboTax, QuickBooks, Zillow (NASDAQ:Z), or even an email spam filter, then A.I. is already helping your day run more smoothly and efficiently. And as scientists find even more applications for artificial intelligence - from healthcare to retail to self-driving cars - it's incredible to imagine how much data will be involved.To create A.I. programs in the first place, tech companies must collect vast amounts of data on human decisions. Data is what powers every A.I. system.So any one company that can help with customers' data issues - is the one company that's most worth investing in.You don't need to be an A.I. expert to take part. I'll tell you everything you need to know, as well as my buy recommendation, in Growth Investor. My 1 stock for the A.I. trend is still under my buy limit price -- so you'll want to sign up now; that way, you can get in while you can still do so cheaply.Click here for a free briefing on this groundbreaking innovation.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Apple Event: New Offerings Leverage the Little-Known Future of Tech appeared first on InvestorPlace.
Home buying is expected to ‘move further out of reach’ as new home construction still hasn’t returned to pre-recession levels
The neighborhood social networking site increases its Series F funding round to close it out at $170 million and snags a high-profile VC along the way.
Zillow Group hired Rian Furey as its first president of Zillow Home Loans, putting all Zillow’s mortgage businesses under one leader.
The fintech M&A tsunami is rising. The lines between finance, software, and media will blur in the race to make people enjoy banking and real estate.
Zillow Offers is live in 16 metropolitan areas across the country with 10 more planned by mid-2020, and RedfinNow is live in seven cities. Neither company has plans to offer home-buying services in Seattle.
Zillow will partner with more than 250 brokerages and franchisors after seeing a 32 percent increase in monthly unique Canadian users in the past year.
Technology is starting to upend the staid real-estate market and Craig-Hallum analyst Brad Berning thinks that Redfin and RE/MAX “are positioned to be winners.”
The Business Journal Untucked catches you up on Seattle-area business news from the past week, including an in-depth look at plane spotters, the rapid growth of Zillow Offers and Facebook's interest in Redmond.
As Redfin expands its direct homebuying and mortgage businesses, the Seattle-based brokerage is growing its footprint outside the city. The RedfinNow team is equally split between Seattle and Dallas, but team lead Quinn Hawkins said the Dallas base will ultimately grow faster than Seattle. RedfinNow’s Dallas employees do estimation, vendor management and payment planning, though the company also established Dallas as its first engineering hub outside Seattle and San Francisco.
Moody's Investors Service ("Moody's") downgraded Realogy Group LLC's ("Realogy") Corporate Family rating ("CFR") to B1 from Ba3, Probability of Default rating ("PDR") to B1-PD from Ba3-PD, senior secured bank credit facility to Ba2 from Ba1 and senior unsecured notes to B3 from B2. The Speculative Grade Liquidity rating ("SGL") was affirmed at SGL-2. "The rating downgrades are driven by Moody's expectations for debt to EBITDA to remain elevated while economic conditions remain uncertain and competitive pressures continue to rise," said Edmond DeForest, Moody's Senior Credit Officer.
Investment company Worm Capital, LLC (Current Portfolio) buys Zillow Group Inc, sells Netflix Inc, Spotify Technology SA, Alibaba Group Holding during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Worm Capital, LLC. Continue reading...
Zillow’s rollout of its Premier Agent Flex program could be a long-term win for the company, according to SunTrust Robinson Humphrey.
Artificial intelligence stocks are finding their way into lots of portfolios these day -- and, in fact, they were already there. Alphabet (NASDAQ:GOOGL) uses artificial intelligence (AI) to keep a stranglehold on the internet, with the almighty Google search engine. When you're using its Google Maps to navigate, and it reroutes you because of traffic, that's AI, too. If you use Netflix (NASDAQ:NFLX), LinkedIn, Zillow (NASDAQ:Z), or any other service that makes personalized recommendations, then you use AI.But today I'm here to talk about a totally different kind of AI… one that Bill Gates said could be worth 10 Microsofts.That's a big claim -- considering that Microsoft (NASDAQ:MSFT) is already a $1 trillion company, by market cap -- and Bill Gates is one of the smartest people in the world. So, I'm sure he doesn't say that lightly.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnother of the smartest analysts I know, Cathie Wood of ARK Investments, says Gates is low-balling it! She thinks this variety of AI will "approach $17 billion in market cap" (emphasis mine).To show you why, let me give you my quick "elevator speech" on AI as I see it…and the specific opportunity that narrows the field of stocks to buy. * 7 Safe Dividend Stocks for Investors to Buy Right Now The big subset of AI that everyone's working in now is machine learning. That's where machines can actually learn from massive amounts of data, without having to be reprogrammed. They do the work themselves. But it takes a lot of work to write each little algorithm that sets this all in motion.Let me give you an example:Say you want your AI to be able to identify a cat. It might sound simple. But to do this with machine learning, the scientists would have to choose what's called classifiers to help determine whether it's a cat or not. Maybe they go by the shape of the face and ears, the way the eyes look, the way it stands and moves, that sort of thing. Then the scientists hand-code all of those classifiers.What Bill Gates and Cathie Wood are so excited about is called deep learning. With deep learning, the scientists start by creating a neural network. This is more like how our own, human brains work. The neurons perform their task, pass the baton to the next neurons, and so on until the task is complete.With deep learning, the AI truly teaches itself what a cat looks like! This is what a Google scientist did a few years ago. He built a neural network, then ran 10 million cat videos through it. This kind of deep learning learns how to identify cats much the way you and I did: by being shown, "This is what a cat looks like."The fact that we can now mimic human reasoning like that is incredible. And it really is the future. These days, we've thought of lots of ideas for AI…and now deep learning will make them actually possible. Artificial Intelligence Stocks: Get Ready for the BoomDeep learning will transform many industries. One I always highlight in my investing services is transportation.Self-driving cars are the classic example of artificial intelligence and how it will change our daily lives -- eventually.Right now, it's hard to imagine getting into an autonomous vehicle (AV). But as Mark Zuckerberg of Facebook (NASDAQ:FB) puts it, "If you're arguing against AI, then you're arguing against safer cars that aren't going to have accidents." After all, an algorithm can't have road rage, and it'll never drive poorly because it skipped its morning coffee.Fully autonomous vehicles will only become a reality on public roads with deep learning. Any driver, human or otherwise, needs to read signs in a split second. With machine learning, you can teach AI to identify a STOP sign, but you'll need to hand-code the classifiers, and program it to look for the red color, the eight sides, and the letters S-T-O-P. But if a tree branch is laying across it, you can't be sure this AI will still know to STOP!If the car is driving itself, you want it to be able to think and react like a human brain. AVs will have to instantly know that they've encountered a bike, a person, a street sign, or any other object, and then determine the best action to take.That is the kind of "brain power" we get with deep learning. And if you're looking for artificial intelligence stocks to buy, you've gotta jump on this trend; it's incredibly valuable! The chart below from Persistence Market Research shows deep learning increasing nearly 40-fold from this year to 2027.This estimate is even bigger than the ones we saw from Bill Gates and Cathie Wood. Persistence Market Research expects deep learning's market value to hit $25 trillion.Any way you slice the numbers, I see the upside in artificial intelligence, and more specifically deep learning, as among the greatest wealth creation opportunities in the next decade. It's time to start finding the best artificial intelligence stocks to buy. The AI Company That's About to Grow 3XTwilio (NYSE:TWLO) is a stock I'd have to mention in any discussion of AI.This company is not working with stop signs, or cats -- it's a communications company, which lets you message your friends and associates anywhere in the world through the cloud. Like any company on the cutting-edge of AI, it still has crazy upside. Revenue is projected to triple in the next three years.My only caveat here is that with a revolutionary trend like AI, you do have to think big…bigger than any one individual stock.In addition to companies that need game-changing technology, you want to invest in companies that provide the technology. The Technological Breakthrough That Makes AI PossibleThe more AI takes hold to make our lives and businesses run more smoothly and efficiently, the more data will be required, and created. Huge amounts of data. And to process all this data -- you need superior hardware. This is the crux of the $1 billion deal between Microsoft and a little-known company called OpenAI.And all of those devices need to be powered.That's why any investor needs to be on the lookout for the next big breakthrough in battery technology. It's an innovation that will have multi-trillion-dollar economic implications:Think of a world with self-driving electric cars that have massive ranges. Think of an iPhone that needs charging just once per month. Think of mass adoption of clean solar and wind energy. Think of airplanes that run on batteries. Think of the eventual demise of the oil and gas industry.This is where we're headed -- but there are some serious limitations to the current technology. Lithium-ion batteries are too bulky, without enough battery life, and with too many safety concerns, not to mention the fact that key materials are in short supply. That's why I believe the next big battery breakthrough will go down as one of the greatest inventions of the 21st century.I've spent an enormous amount of time studying the battery industry. I can tell you this mega innovation isn't a matter of "if," it's a matter of "when." Click here for my presentation with the results of my research. That way, you can get in on this trend BEFORE the world catches on.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post To Find Artificial Intelligence Stocks to Buy, Think Like Bill Gates appeared first on InvestorPlace.
Some mixed news is out on the state of the housing market. Realtor.com finds in a new report that lower interest rates are bringing more buyers into the market, but inventories are coming down as more potential sellers decline to list. Realtor.com’s Chief Economist Danielle Hale joins Yahoo Finance’s Brian Sozzi to discuss.