264.20 +1.56 (0.59%)
Pre-Market: 9:10AM EST
|Bid||263.65 x 800|
|Ask||263.80 x 800|
|Day's Range||262.23 - 264.88|
|52 Week Range||142.00 - 264.88|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||22.09|
|Forward Dividend & Yield||3.08 (1.16%)|
|1y Target Est||N/A|
The Oracle of Omaha's latest stock moves are out.
As it’s becoming easier for consumers to shop online rather than in stores, results from a new Deloitte survey results show that Cyber Monday is more relevant than Black Friday.
Berkshire Hathaway picked up RH and Occidental Petroleum but soured on Apple. Meanwhile, top hedge funds bought software stocks.
Despite trade-related conflict with China, the technology sector has performed exceptionally well in 2019 so far, surpassing the broader market return.
The Dow Jones today is rising on China trade hopes. Apple stock got a price target hike. Applied Materials, RH, JD.com, Amarin are moving near buy points.
Shares of Apple Inc. rose 0.4% in premarket trading Friday, after analyst Daniel Ives at Wedbush raised his price target, citing expectations of strong growth in iPhone sales. Ives reiterated his outperform rating but raised his stock price target to $325, which is now the highest of the 43 analysts surveyed by FactSet, from $300. He wrote in a note to clients that he believes Apple is "still in the midst of a renaissance of iPhone growth heading into 2020 that will further catalyze the stock higher as it gets re-rated from the Street." Separately, J.P. Morgan's Samik Chatterjee at J.P. Morgan raised his price target to $290 from $280, citing optimism over the technology giant's opportunities in advertising. "While investors are trying to identify the next big frontier for services, we believe hidden in plain sight and underappreciated by most is the advertising opportunity within Apple's fingertips, given the secular migration of advertising dollars to mobile platforms, the large installed base of close to [1 billion] iPhone users, and importantly, Apple's successful exploration of advertising to-date," Chatterjee wrote in a research note. Apple's stock has soared 66.5% year to date through Thursday, while the Dow Jones Industrial Average has gained 19.1%.
The S&P; 500's 23.5% gain this year is impressive — putting it on track to be the best since 2013. But that masks the wealth generation of the stock run.
On the launch day for Walt Disney Co.’s Disney+ (DIS) streaming service, the company already appears to be plagued by technical difficulties. Users began reporting issues with the service on Twitter (TWTR) early Tuesday morning, with a plethora of users complaining of a technical error, while others reporting issues with the Disney+ app in Apple’s (AAPL) App Store
Raising his share price target for the iPhone maker, analyst Samik Chatterjee argued the company could leverage the millions of users who search its App Store and Safari browser daily to generate the stellar growth seen by Facebook and Google in recent years. Apple does not currently give detailed figures on advertising revenue. Through two difficult years for iPhone sales, the California-based firm has stressed the importance of growth in its services segment, which already includes Apple Care and Apple Music and generated revenue of $12.51 billion last quarter.
NUVIA Inc was founded by Gerard Williams III, Manu Gulati and John Bruno in early 2019 and is developing a processor code-named Phoenix. The company on Friday said it raised $53 million from Dell Technologies Capital and several Silicon Valley firms, which will help it expand from 60 employees to about 100 by the end of this year.
Apple said on Friday moves in Germany to force it to open up its Apple Pay mobile payments system to rivals could hurt data protection and the security of financial information. A German parliamentary committee unexpectedly voted in a late-night session on Wednesday to force the tech giant to open up Apple Pay to rival providers in Germany. This came in the form of an amendment to an anti-money laundering law that was adopted late on Thursday by the full parliament and is set to come into effect early next year.
US regulators are investigating whether Apple’s credit card, launched in August, is biased against women. Software engineer David Heinemeier Hansson reported on social media that Apple had offered him a spending limit 20 times higher than his wife, Jamie Heinemeier Hansson. When Jamie spoke to customer service at Goldman Sachs, the bank behind the Apple card, she was told her credit limit was determined by an algorithm, and bank reps couldn’t explain why it came to the conclusion it did.
FT subscribers can click here to receive FirstFT every day by email. How well did you keep up with the news this week? Take our quiz . Nigel Farage claimed Boris Johnson’s allies offered the Brexit party ...
Berkshire Hathaway disclosed Thursday that it bought a 1.2-million-share stake in luxury furniture retailer RH, formerly known as Restoration Hardware, during the third quarter, sending the Corte Madera retailer’s shares up 7% in after-hours trading. Berkshire, led by legendary investor Warren Buffett, also trimmed his stakes in Apple and Wells Fargo. Buffett has been steadily selling some of Berkshire’s Wells Fargo shares to keep its stake under 10 percent for regulatory reasons as the bank buys back stock.
When Richard Plepler left his perch as head of HBO in February, it signalled the end of an era for a cable network synonymous with high-quality television. In recent months, the 59-year-old magnate has ...
When a man I had never met offered to introduce me to second world war veterans in Russia, I jumped at the opportunity. Little did I know that at the end of my first day in the country his wife would be whipping me with birch twigs in a small cabin on the edge of a rural forest. “Winter is coming,” my host Sasha intones (I’m willing to bet good money he has never watched Game of Thrones).
Apple Inc. has hired Jeffrey Miller, a close ally of President Donald Trump, to lobby for the tech giant as it tries to avoid being hit with new tariffs. CNBC first reported the news Thursday, citing a federal lobbying disclosure document. The document shows Miller's lobbying firm reached a deal with Apple in October. Miller is a major fundraiser for Trump's re-election campaign and served as vice finance chairman for Trump's inaugural committee. The amount he is being paid by Apple was not disclosed. Apple is seeking for its products -- especially iPhone parts and Apple Watches -- to be exempt from tariffs on Chinese goods scheduled to take effect Dec. 15. CEO Tim Cook has met with Trump a number of times to discuss business issues, and told the president in August that tariffs against China could hurt Apple's bottom line.
The conglomerate led by Warren Buffett revealed new stakes in two companies, according to a filing on Tuesday.
Berkshire Hathaway Inc. revealed new stakes in furniture maker RH and energy company Occidental Petroleum Corp. , according to a filing on Thursday. The conglomerate led by legendary investor Warren Buffett owned about 1.2 million shares of RH, formerly known as Restoration Hardware, and nearly 7.5 million shares of Occidental. It trimmed stakes in Apple Inc. and Wells Fargo , among other companies. In April, Berkshire committed $10 billion to help Occidental's bid for Anadarko Petroleum Corp. , giving Occidental an edge over Chevron Corp , which was also vying for Anadarko and later bowed out. Shares of RH rallied more than 6% in the extended session, while Occidental stock rose 1.6%.
Nov.14 -- Apple Inc. is considering bundling its paid internet services in a bid to gain more subscribers, according to people familiar with the matter. Bloomberg's Mark Gurman has more on "Bloomberg Technology."