319.00 0.00 (0.00%)
After hours: 5:14PM EST
|Bid||319.00 x 900|
|Ask||319.14 x 1000|
|Day's Range||314.61 - 319.75|
|52 Week Range||169.49 - 327.85|
|Beta (5Y Monthly)||1.28|
|PE Ratio (TTM)||25.33|
|Earnings Date||Apr 27, 2020 - May 03, 2020|
|Forward Dividend & Yield||3.08 (0.95%)|
|Ex-Dividend Date||Feb 06, 2020|
|1y Target Est||334.45|
The coronavirus continues to hamper economic activity, while some of America’s largest corporations are starting to feeling the pinch.
Gold rose and global equity markets slid on Tuesday after Apple Inc said it was unlikely to meet its sales guidance because of the coronavirus outbreak in China, a warning highlighting the epidemic's threat to global growth and corporate profits. China reported its fewest new coronavirus infections since January and its lowest daily death toll in a week, but the World Health Organization said data suggesting the epidemic had slowed should be viewed with caution. Apple said on Monday that manufacturing facilities in China that produce its iPhone and other electronics had begun to reopen, but were ramping up slower than expected.
Apple stock sank on Tuesday after the iPhone maker said the coronavirus outbreak in China would impact its March-quarter results more than expected. Apple's chip suppliers also fell.
The Dow Jones sold off Tuesday after Apple warned that its revenue may be lower than expected due to the China coronavirus outbreak. Tesla stock rises 7.5%.
When you think of Berkshire Hathaway's (BRK.B) equity portfolio, most of which was selected by Chairman and CEO Warren Buffett, you very well might think of storied blue-chip stocks such as American Express (AXP), Coca-Cola (KO), and more recently, Apple (AAPL).Oh, those are still major components in the Berkshire portfolio. But a deeper dive into Warren Buffett's stocks reveals a more complicated picture - and a few more surprising holdings.Berkshire Hathaway held positions in 49 separate companies (across 52 different stocks thanks to firms with multiple share classes) as of the end of 2019, up from 46 during the third quarter. That's according to its most recent 13F regulatory filing, submitted to the Securities and Exchange Commission on Feb. 14. But the portfolio of "Buffett stocks" isn't as diversified as the number might suggest. Some are new positions so small they equate to a pinky toe in the water. Other holdings are immaterial leftovers from earlier bets that the Oracle of Omaha has mostly exited, just not completely.Nonetheless, Berkshire Hathaway's equity portfolio remains one of the best ways to identify which stocks legendary investor Warren Buffett feels are worth his time and attention - for the most part. Just remember: A few of these Buffett stocks were actually picked by portfolio managers Todd Combs and Ted Weschler, who many believe are the top candidates to succeed "Uncle Warren" whenever he decides to step down.Here, we examine each and every holding to give investors a better understanding of the entire Berkshire Hathaway portfolio. SEE ALSO: 64 Dividend Stocks You Can Count On in 2020
(Bloomberg) -- Stocks slumped after Apple Inc.’s warning that sales will miss forecasts spooked investors who had hoped for a limited economic impact from the deadly coronavirus that originated in China. Treasuries rose and the dollar strengthened.The S&P 500 Index fell from a record as the iPhone maker warned of production and demand disruptions due to the epidemic, while gains for Microsoft Corp., Amazon.com Inc. and Facebook Inc. provided a slight lift to the Nasdaq 100. Apple suppliers including Dialog Semiconductor Plc and AMS AG helped drag down European stocks. HSBC Plc tumbled the most since 2009 after it said it will slash jobs in a restructuring, while also flagging risks from the virus.Government bonds climbed, while the euro weakened after a German investor-confidence index plunged. Gold rallied.Investors are still trying to judge the corporate and economic impact from the coronavirus, even as the growth rate of cases in China’s Hubei province -- the epicenter of the disease -- continues to stabilize. It’s a turnaround from Monday, when sentiment was lifted by Chinese policy makers’ moves to support companies hit by the prolonged shutdown of large parts of the country. BHP Group said commodity prices will take a hit if the fallout extends beyond the end of next month.“The market has largely ignored what’s going on with the coronavirus in terms of what impact it might have, but I’m not sure that’s entirely appropriate,” said Jeff Mills, chief investment officer at Bryn Mawr Trust. “It’s likely to be temporary and the economy may bounce back, but this is different than what we saw with SARS. China is a much larger more entwined piece of the global economy.”Elsewhere, equity benchmarks in Tokyo, Seoul and Hong Kong saw declines of over 1%. The Australian dollar weakened after the Reserve Bank of Australia said it reviewed the case for a further rate cut at its last meeting, but didn’t go ahead. Emerging-market stocks and currencies fell.Here are some key events coming up:Earnings season rolls on, with results from Deere & Co. set for Friday.Minutes of the most recent Federal Reserve meeting are published on Wednesday.Indonesia is expected to cut interest rates on Thursday, following emerging-market peers that have already moved.Group of 20 finance ministers and central bank chiefs are scheduled to meet Feb. 22-23 in Riyadh, Saudi Arabia, and are expected to discuss efforts to support growth amid the coronavirus threat.These are the main moves in markets:StocksThe S&P 500 Index declined 0.3% at the close of trading in New York; the Nasdaq 100 added 0.1%.The Stoxx Europe 600 Index fell 0.4%.The MSCI Emerging Markets Index decreased 1.2%.CurrenciesThe Bloomberg Dollar Spot Index gained 0.2%.The euro decreased 0.4% to $1.0794.The British pound slipped 0.1% to $1.3.The Japanese yen was little changed at 109.86 per dollar.BondsThe yield on 10-year Treasuries declined three basis points to 1.55%.Germany’s 10-year yield fell one basis point to -0.41%.Britain’s 10-year yield decreased three basis points to 0.61%.CommoditiesWest Texas Intermediate crude was little changed at $52.05 a barrel.Gold strengthened 1.4% to $1,602.96 an ounce.\--With assistance from Benjamin Dow, Andreea Papuc, Joanna Ossinger and Robert Brand.To contact the reporter on this story: Claire Ballentine in New York at email@example.comTo contact the editors responsible for this story: Christopher Anstey at firstname.lastname@example.org, Brendan Walsh, Yakob PeterseilFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The new coronavirus that was first identified late last year in Wuhan, China, is becoming a dominant theme in the earnings releases and conference calls of S&P 500 companies as investors press for answers on how it will impact their business.
A wide variety of tech companies are likely to see their March-quarter sales hurt by the coronavirus outbreak's impact on Chinese demand and/or manufacturing.
Goldman Sachs strategists believe corporate earnings will clear a low bar this year, but there are downside risks and margins will come increasingly under pressure.
* Apple warns of revenue shortfall due to coronavirus * Latam stocks index hits 1-week low * Citi cuts growth forecast for Brazil (Updates prices, adds analysts' comment) By Sruthi Shankar Feb 18 (Reuters) - Latin American currencies and stocks came under pressure on Tuesday as Apple Inc's sales warning underscored fears about economic damage from the coronavirus outbreak. MSCI's index of Latin American equities fell 1% to its lowest level in one week, with stocks markets in Brazil, Chile and Argentina falling between 0.5% and 2.6%. The world's most valuable technology company said it will miss its March quarter sales guidance as the fast-spreading outbreak in China disrupted supply chains.
Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.B), oversaw a fairly busy fourth quarter of buying and selling stocks. Berkshire made new investments in the retail and biotechnology sectors, all but dumped a couple of big names and even jumped on the index-investing bandwagon.We know what the greatest long-term investor of all time has been doing because the U.S. Securities and Exchange Commission requires all investment managers with more than $100 million in assets to file a Form 13F quarterly to disclose any changes in share ownership. These filings add an important level of transparency to the stock market and give Buffett-ologists a chance to get a bead on what he's thinking.When Buffett starts a new stake in some company, or adds to an existing one, investors take that as a vote of confidence. On the other hand, if he pares his holdings in a stock, it can spark investors to rethink their own investments.Here's the scorecard for what Berkshire Hathaway bought and sold during the three months ended Dec. 31, 2019, based on the most recent 13F that the company filed on Feb. 14. And remember: Not all "Warren Buffett stocks" are actually his picks. Some smaller positions are believed to be handled by lieutenants Ted Weschler and Todd Combs. SEE ALSO: Every Warren Buffett Stock Ranked: The Berkshire Hathaway Portfolio
The euro was 0.38% lower against the dollar at $1.0793, its first fall below the $1.08 level since April 2017. On Tuesday, Germany's ZEW research institute said in its monthly survey that investors' mood deteriorated far more than expected in February, on worries the coronavirus would dampen world trade. "The scale of the erosion in confidence potentially sets the stage from similarly poor results Friday when Germany and the euro zone issue preliminary PMI surveys," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.
The top stories here for the day are Apple's guidance cut, Qualcomm choosing Samsung to make its 5G chips, U.S. considering further restrictions on Huawei and Amazon's climate fund.
(Bloomberg) -- China’s strict quarantine likely bought the rest of the world several weeks to prepare for the virus, according to the World Health Organization. Hubei, the Chinese province at epicenter of the coronavirus outbreak, said it plans to use recent purchases of medicines to look for unidentified patients.Russia said it would bar Chinese citizens from entering the country starting Feb. 20. China’s commerce ministry said it would take steps to blunt the impact of the virus.Earlier, China reported the lowest number of new cases since announcing a change in its method of detection last week. So far, 73,424 people have been infected and 1,873 have died around the world, the vast majority of them in Hubei.Key DevelopmentsChina death toll 1,868; mainland cases rise to 72,436Hubei reports 1,807 new cases; 93 more deathsApple’s cut revives questions about China over-relianceClick VRUS on the terminal for news and data on the novel coronavirus and here for maps and charts. For analysis of the impact from Bloomberg Economics, click here.China Measures Seem to Have Delayed Spread, WHO Says (2:50 p.m. NY)China’s aggressive quarantine tactics delayed the spread of the coronavirus from the outbreak’s center, said a top official at the World Health Organization. Officials in China's Hubei province locked down travel to and from the province, and later sharply restricted people’s ability to leave their homes.“Those measures on movement restriction have delayed the dissemination of the outbreak by two or three days within China, and two or three weeks outside China,” said Sylvie Briand, the WHO’s director of global infectious hazard preparedness. Briand said that estimate was based on modeling of the disease’s spread, and it will take time to know for certain.Russia Bans Chinese Citizens From Entry (1:05 p.m. NY)Russian Prime Minister Mikhail Mishustin signed an order temporarily banning Chinese citizens from entering Russia for tourism, personal reasons or work starting Thursday, Interfax reported, citing Deputy PM Tatyana Golikova’s office. The ban doesn’t apply to passengers continuing to a destination outside Russia.China Aims to Stabilize Trade, Promote Consumption (10:25 a.m. NY)China’s Commerce Ministry will take steps to help stabilize the nation’s foreign trade and prod consumption in a bid to reduce the impact of coronavirus outbreak on commercial activities, the ministry said in statement.Sanofi to Work on Coronavirus Vaccine (10 a.m. NY)French pharmaceutical company Sanofi jumped into the race to combat the fast-spreading coronavirus, betting that earlier work in pursuit of a SARS vaccine could accelerate its effort.Read the full story here.Hubei Will Search for People Who Bought Fever Drugs (7:24 a.m. NY)China’s Hubei province said it will use recent purchases of fever and cough medicines to sweep for unidentified coronavirus patients, a new step that leverages the government’s surveillance powers to try and stop the virus.The province has enacted a lockdown of tens of millions of people, opened new hospitals and isolation centers, mandated self-reported temperature checks, and conducted house-to-house searches for people showing symptoms. The measures have coincided with a drop in newly reported cases in Hubei, where the outbreak began and most infections and deaths have occurred.The government will investigate anyone who bought fever or cough medicines since Jan. 20, whether they were purchased from brick-and-mortar stores or online. It will also track down anyone who sought treatment for a fever since then. Anyone selling treatments for a cough or fever will have to check and register and report the patient’s identity, the provincial government said.China’s authorities have broad powers of surveillance, enabled by an almost totally mobile-based payment systems that are integrated into most aspects of everyday life. While they’ve helped control movement in the province and the city of Wuhan, creating a regional quarantine, citizens there have complained of harsh treatment and short supplies as the lockdown drags on.More Companies Warn on Virus Impact (7:24 a.m. NY)Walmart Inc.’s CFO said the virus could lower first-quarter earnings per share by a few cents. The retailer said it had closed “less than a handful” of stores in the country. Separately, Medtronic said it expected the outbreak to impact fourth-quarter results, but that this was hard to quantify.Earlier, Apple slumped after saying it wouldn’t be able to hit sales targets. The news drove down U.S. stock futures, as well as shares in European chipmakers and Asian suppliers.Xi Tells U.K.’s Johnson China Can Meet 2020 Goals (6:47 a.m. NY)China is confident in achieving economic development targets set for this year, President Xi Jinping told U.K. Prime Minister Boris Johnson in a phone call, according to China Central Television. China’s efforts to fight coronavirus are yielding significant results, Xi said.IHG CEO Calls Coronavirus ‘Short-Term Blip’ (6:28 a.m. NY)InterContinental Hotels Group shares reversed a decline after Chief Executive Officer Keith Barr said the outbreak was a “short-term blip” in the Chinese market.IHG opened six hotels in China in January and signed 11 hotels in February, Barr said on an earnings call. “Business is still moving ahead” and the “long-term fundamentals in China remain absolutely strong,” he said.Passengers Should Have Been Released Earlier: Netanyahu (6:10 a.m. NY)Passengers on the Diamond Princess cruise ship should have been dispersed as quickly as possible, Israeli Prime Minister Benjamin Netanyahu said. There were 15 Israeli citizens on board -- three have been infected and the remainder are scheduled to be flown back to Israel on Thursday.Japan said on Tuesday another 88 people aboard the quarantined ship had been infected, bringing the total number of cases to 542 people. Earlier, Britain became the latest country to look at evacuating its nationals from the Diamond Princess, following Australia and South Korea.Japan expects to remove all passengers from the cruise ship by Friday.Fredriksen’s Bulk-Shipping Firm Warns on Profits (6:09 a.m. NY)Golden Ocean Group Ltd., one of the world’s biggest dry-bulk shipping companies, said the coronavirus outbreak will hurt profits and slashed its dividend to a third to protect its balance sheet. The warning illustrates the toll from the virus on the world’s second-biggest economy and the global ripple effects, including on demand for transport of goods in and out of China.German Investor Confidence Plunges (6:08 p.m. HK)Investor sentiment in Europe’s largest economy dropped on concerns the outbreak will disrupt trade. ZEW’s index of expectations for the next six months fell below even the most pessimistic estimate in a Bloomberg survey. The poll suggests confidence is fading that Germany can stem a manufacturing recession that has lasted more than a year.“Economic development is rather fragile at the moment,” ZEW President Achim Wambach said in a statement. The outlook for export-intensive sectors has deteriorated “particularly sharply” as a result of the epidemic that originated in China, he said.Earlier on Tuesday, South Korea’s President Moon Jae-in called for “extraordinary” steps to minimize the virus’s impact and said it was an emergency for the country’s economy.Virus May Curb China Oil and Gas Use But Not Emissions (5:33 p.m. HK)A government stimulus package being planned to combat the economic impact of the viral outbreak will probably focus on increasing investment in infrastructure, which will likely boost usage of coal, BloombergNEF said in a report. The dirtiest fossil fuel continues to be the main source of power in China despite efforts in the past decade to clean up the sector by favoring new renewable generation.Brent futures fell 1.8% to trade below $57 a barrel in London.Apple Slumps on Sales Warning (5:12 p.m. HK)Apple shares fell 4.2% in pre-market trading after the technology giant said it doesn’t expect to meet revenue guidance for the March quarter, citing the impact of the coronavirus outbreak.The news also hit U.S. futures as well as technology stocks in Europe and Asia.Hong Kong Jobless Rate Was Rising Before Virus Hit (5:02 p.m. HK)The jobless rate rose in January for a fourth straight month, reaching its highest level since 2016 as Hong Kong’s businesses struggle from the political unrest and also from the disruption starting late in the month caused by the coronavirus outbreak.The city’s jobless rate rose to 3.4% for the November to January period, the same as the median forecast in a survey of economists. The string of increases was the longest since 2009, in the aftermath of the global financial crisis. The data does not reflect the full impact of shutdowns from the coronavirus outbreak.HK to Extend Virus Monitoring, Lab Tests (4:54 p.m. HK)Hong Kong health authorities will extend novel coronavirus surveillance to include testing outpatients and those at emergency wards, Under Secretary for Food and Health Chui Tak-yi said at a briefing.China Outbreak May Peak in Some Areas in Feb.: Expert (4:41 p.m. HK)Zhong Nanshan, a respiratory disease expert advising the Chinese government, expects the coronavirus outbreak to peak by mid to late February in southern China, Xinhua reported. The forecast is based on mathematical models and governments’ control measures.IMF Cuts Nigerian Growth Forecast (4:15 p.m. HK)The International Monetary Fund cut its estimate for Nigerian economic growth, as oil prices slump amid the coronavirus outbreak. The forecast for Africa’s top crude producer was lowered to 2% from 2.5%, the lender said in a statement on Monday.SAT Tests Scrapped For Chinese Students (3:43 p.m. HK)The College Board, which organizes the standardized Scholastic Assessment Test, or SAT, for admission to colleges in the U.S., canceled the March 14 test for all registered students traveling from China to other locations for the exam.The test will be administered in Hong Kong, Macau and Singapore, but not in mainland China.Singapore Budgets Millions to Counter Virus (3:09 p.m. HK)Singaporean authorities are setting aside an additional S$800 million ($575 million) in the city-state’s budget to support efforts to fight and contain the virus, Deputy Prime Minister Heng Swee Keat told Parliament.Earlier this month, Singapore Airlines and subsidiary SilkAir announced a temporary reduction in flight services across their global network, owing to weak demand as a result of the outbreak.Shanghai Schools to Remain Suspended (3 p.m. HK)Colleges and schools in China’s financial hub will remain suspended in March due to the outbreak and online teaching will be provided, the city’s government said. It said it would decide when to reopen campuses based on the development of the epidemic.Philippines to Allow Workers to Return to Hong Kong, Macau (3 p.m. HK)The Southeast Asian nation will allow its citizens employed in Hong Kong and Macau to return to their jobs, partially lifting a travel ban imposed weeks ago to prevent the virus’s spread.The government will exempt those working in the two cities from the ban “subject to certain formalities,” Foreign Affairs Undersecretary Brigido Dulay tweeted. It comes after the government lifted a days-old travel ban on Taiwan on Feb. 14.New Doctor Fatality (2:03 p.m. HK)State-run CCTV reported the death of neurosurgery expert Liu Zhiming, director of Wuhan Wuchang Hospital, underscoring the risks of the virus for medical workers on its front lines. It comes after the death earlier this month of Li Wenliang, a city doctor who was sanctioned for attempting to bring the virus to light early on -- and whose death sparked a rare outpouring of public anger in the country.More than 1,700 medical workers have been infected by the coronavirus, according to China’s National Health Commission, most of them in Wuhan. At least six have died.\--With assistance from Shinhye Kang, Dominic Lau, Drew Armstrong, Isabel Reynolds, Anand Krishnamoorthy, Natalie Lung, Peter Elstrom, Sam Kim, Derek Wallbank and Crystal Chui.To contact Bloomberg News staff for this story: Karen Leigh in Hong Kong at email@example.comTo contact the editors responsible for this story: Rachel Chang at firstname.lastname@example.org, ;Adveith Nair at email@example.com, ;Drew Armstrong at firstname.lastname@example.org, Karen Leigh, Mark SchoifetFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Canopy Growth Corp.’s U.S.-listed shares rose Monday, extending gains made Friday after the Canadian cannabis company surprised investors with better-than-expected earnings.
Apple said it was unlikely to meet the March quarter sales guidance set just three weeks ago. HSBC Holdings PLC also warned about the impact of the coronavirus on its Asia business. "With Apple coming out and missing sales just on the coronavirus, it continued the risk-off tone on growth concerns," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York.
Apple's coronavirus warning. Tesla's continued climb. Walmart's quarterly earnings results. And why Applied Materials, Inc. (AMAT) is a Zacks Rank 1 (Strong Buy) stock right now...
Shares of companies that supply Apple Inc. fell Tuesday after the iPhone maker issued a profit warning Monday because of COVID-19, the disease cause by the novel coronavirus. Apple shares fell more than 2% Tuesday after the iPhone maker said it will miss quarterly revenue targets because of the outbreak. The announcement hit shares of chip suppliers with the PHLX Semiconductor Index falling 1.8% Tuesday. Shares of Micron Technology Inc. declined 1.5%, Qualcomm Inc. shares fell 1.8%, Skyworks Solutions Inc. shares fell 2%, Qorvo Inc. dropped 2.7%, Cirrus Logic Inc. shares fell 3%, Broadcom Inc. shares fell 2.1%, and Intel Corp. shares were down 2%.