|Bid||172.76 x 1400|
|Ask||172.80 x 2900|
|Day's Range||171.38 - 173.00|
|52 Week Range||142.00 - 233.47|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||14.27|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||2.92 (1.71%)|
|1y Target Est||178.49|
Other featured articles offer looks at a health care stock hurt by overblown worries and a bargain among sin stocks. The Cold War in Tech" by Reshma Kapadia, suggests that the battle for tech supremacy between the United States and China shows little sign of abating. In "WellCare Poised to Ride Surging Medicare and Medicaid Spending," Lawrence C. Strauss shows how WellCare Health Plans, Inc. (NYSE: WCG) has been hurt by overblown worries about its swift growth, earnings outlook and more.
Sometimes people write to Apple AAPL CEO Tim Cook. Apple has upped its commitment to health tech with recent partnerships with insurance companies and its new sensors to track heart health. In 2017, two years after the Apple Watch launched, the company released a marketing video featuring people who wrote Cook about how the product had helped them.
Sandra Rivera, who heads up Intel's networking chip division, said at a press event that Intel doesn't expect consumer 5G "products in the market" until 2020, according to a report in Reuters. Rivera's statement about the timing of 5G products using Intel chips seems to corroborate prior reports on Apple's 5G plans. Many analysts expect Apple to roll out 5G iPhones in the fall of 2020, when the next-gen networks are more widely available in the U.S., and are anticipating a bit of a sales bump from the faster network option.
It didn't make its fortune on gold bars -- as chairman Warren Buffett points out in is his annual letter to shareholders, giving warning to those ready to give up on American ingenuity and to give into predictions of national collapse. "Those who regularly preach doom because of government budget deficits (as I regularly did myself for many years) might note that our country's national debt has increased roughly 400-fold during the last of my 77-year periods," writes Buffett, setting up his argument. "The magical metal was no match for the American mettle," writes Buffett in his signature witty prose.
Even when 5G arrives, it will be hard to penetrate the smartphone market further. Growth will come from pricing–not volume–as consumers trade 3G and 4G technology for 5G.
U.S. stocks climbed during the holiday-shortened week, with the Dow Jones Industrial Average notching its ninth consecutive weekly gain, as investors were optimistic for a trade deal between the U.S. and China. The Dow ended the week up 148.56 points, or 0.6%, at 26031.81--the longest run of weekly gains since a 10-week stretch that ended May 12, 1995. The S&P 500 ended the week 0.6% higher, and the Nasdaq Composite climbed 0.7% on the week.
The Latest Buzz from Apple and Netflix(Continued from Prior Part)Apple’s decline in China is worryingOne of the biggest factors behind Apple’s (AAPL) poor December quarter was indeed poor sales in China. Apple’s revenue from the region fell
Sandra Rivera, who oversees Intel's networking chip business, said at a media event in Palo Alto, California, that sample 5G modem chips will ship to customers this year but that Intel does not expect consumer "products in the market" until 2020. Intel has said its 5G modem chip will be available later this year, but it never indicated when it believed products will arrive for consumers.
The Latest Buzz from Apple and Netflix(Continued from Prior Part)Apple and Goldman Sachs are reportedly working on a credit cardApple (AAPL) and Goldman Sachs (GS) are partnering to create a credit card based on Mastercard that will be focused on
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of how the company is fighting patent trolls. Today, we'll look at that and other Apple Rumors for Friday.Source: Apple Patent Trolls: Apple is hoping to deal with less patent trolls by closing some stores, reports MacRumors. The company is reportedly planning to close down two stores in Texas. This includes its Plano and Frisco locations. This will take it out of the state's Eastern District, which is where patent trolls have been filing lawsuits against it. Without a business in the area, trolls won't be able to file lawsuits against it in that district. The last day of business for these stores is said to be April 12, 2019.2020 iPhone: A new rumor claims that AAPL will be making a major change with its 2020 iPhone, AppleInsider notes. This rumor says that the tech company will be switching to 5nm chips. This will have the company using the smallest chip die yet for its processors in the iPhone. The rumor also says that this 5nm chip in the 2020 iPhone will be the A14 chip.InvestorPlace - Stock Market News, Stock Advice & Trading TipsARM Chips: It looks like Apple is getting closer to using its own ARM chips in its Mac devices, reports 9to5Mac. Recent talk has suggested that the tech company is aiming to switch to its own ARM processors as early as 2020. Insiders at Intel (NASDAQ:INTC) also believe that AAPL will be switching to in-house processors for its Mac devices as early as next year.Check out more recent Apple Rumors or Subscribe to Apple Rumors : RSS As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post Friday Apple Rumors: Apple Closing Stores to Combat Patent Trolls appeared first on InvestorPlace.
When a company posts revenue growth of 51%, investors usually go into a buying frenzy. But when Momo (NASDAQ:MOMO) pulled this off in its third quarter, Wall Street didn't rush to gobble up MOMO stock. In fact, MOMO stock plunged by 15% on the news, and the shares actually came close to hitting a 52-week low.Source: Shutterstock Of course, when it comes to hyper-growth companies, even slight decelerations can have an out-sized impact on their valuation. And that was certainly the case with Momo Inc stock.Often referred to as the "Tinder of China," Momo was expected to report top-line growth of 51%-55%. MOMO also provided less-then-stellar guidance. The company said that its revenue growth would range from 43%-47% in Q4.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 High-Growth Stocks to Buy Now for Monster Returns Despite all this, MOMO stock has proved to be resilient. Since the December low, the shares have jumped 37% to $33. Part of its surge was due to an overall rally of Chinese stocks, which also lifted Alibaba (NYSE:BABA), Tencent Holdings (NASDAQOTH:TCEHY) and JD.com (NASDAQ:JD).But perhaps the main driver of the advance of MOMO stock is that MOMO is a solid company. In a relatively short period of time, MOMO, founded in 2011, has been able to build a rich platform. The company's main app, which is available on Apple's (NASDAQ:AAPL) iOS and Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Android, allows people to connect with each other using features like Nearby Users and Nearby Events. It's also easy to send multi-media messages and play social games within the app.All in all, these features have helped lead to better dating matches. They also have created a network effect, which has been key to the growth of the company's user base. Note that its MAUs (Monthly Active Users) reached about 110.5 million as of the end of September, up from 94.4 million from the same time a year earlier. For early-stage social platforms, it can be tough to keep growing, as Snap (NASDAQ:SNAP) has shown. But MOMO doesn't seem to have a problem in that area.The company has also been adept at getting its users to pay for premium services. The total number of subscribers to the live video and valued-added services (such as virtual gifts) segment was 12.5 million, up from 7.3 million in Q3 of 2017. While 3.6 million of the segment's new users came from an acquisition, its growth was still impressive.But MOMO has its issues. Its ad revenues have been soft, and its mobile-gaming business has been under lots of pressure, due to intense competition from mega operators like Tencent. But for MOMO, these businesses are relatively small.More importantly, the company's margins have been under some pressure. That's partially because, in order to keep up its torrid growth, the company has been ramping up its spending on marketing, R&D and infrastructure. The Bottom Line on MOMO StockMOMO continues to generate hefty cash flows, which came to $50.9 million in Q4, and MOMO has $1.5 billion in the bank. So the company has the resources to make further M&A deals. Keep in mind that M&A has been crucial for Match Group (NASDAQ:MTCH). In other words, it would not be surprising to see MOMO acquire more companies.Meanwhile, MOMO stock is trading at dirt-cheap levels. Consider that the forward price-earnings ratio of Momo Inc stock is a mere 11.8, which is a steep discount to its growth rate. Granted, MOMO will continue to be volatile, which is normal for fast-growing companies. But for investors with a long-term focus, MOMO stock remains at a very attractive entry point.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. 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 * 6 Hot Stocks For Goldman Sachs' New Investing Strategy * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now Compare Brokers The post Will the Mojo of Momo Stock Continue? appeared first on InvestorPlace.
Facing flattening iPhone sales and with its shares down more than 25% from their 52-week high, Apple Inc. (AAPL) is facing rising pressure from investors and Wall Street to use its massive $130 billion in cash on hand for a major acquisition, per several analysts cited by Barron’s. Potential targets for the global iPhone maker include A24 Studio, Lions Gate (LGF.A), Viacom (VIAB), CBS (CBS), Sony Pictures, MGM Studios and Netflix (NFLX), analysts say. Wedbush analyst Daniel Ives echoed JPMorgan's sentiment.
Markets Await Warren Buffett’s Words of Wisdom amid Criticism(Continued from Prior Part)Annual letterBerkshire Hathaway (BRK-B) is scheduled to release its fourth-quarter earnings results and chair Warren Buffett’s annual letter to shareholders
Coca-Cola and Kraft-Heinz Don’t Seem to Work for Buffett AnymoreKraft and Coca-ColaThe Kraft Heinz Company (KHC) is down 27.8% today as of 11:30 AM EST. The company fell sharply in after-hours trading yesterday after its earnings missed
President Donald Trump and Chinese Vice Premier Liu He are set to meet at the Oval Office later in the day. Technology stocks jumped 1.27 percent, leading gains among the 11 major S&P sectors and putting the benchmark on track for four weeks of gains. The Dow Jones Industrial Average and the Nasdaq Composite were on course to post nine straight weeks of gains.
The social-media giant collects intensely personal information from many popular smartphone apps just seconds after users enter it, even if the user has no connection to Facebook, according to testing done by The Wall Street Journal. It is already known that many smartphone apps send information to Facebook about when users open them, and sometimes what they do inside. Previously unreported is how at least 11 popular apps, totaling tens of millions of downloads, have also been sharing sensitive data entered by users.
Could Kraft Heinz Be Berkshire Hathaway’s Next Worry?AppleKraft Heinz (KHC) stock opened much lower today after the company reported its earnings yesterday and missed analysts’ estimate. It also announced a $15.4 billion write-down and a