AAPL - Apple Inc.
198.36 +0.49 (0.25%)
After hours: 7:59PM EDT
| Previous Close | 198.45 |
| Open | 199.68 |
| Bid | 198.15 x 1000 |
| Ask | 198.41 x 1800 |
| Day's Range | 197.31 - 199.88 |
| 52 Week Range | 142.00 - 233.47 |
| Volume | 21,124,235 |
| Avg. Volume | 29,320,073 |
| Market Cap | 910.416B |
| Beta (3Y Monthly) | 1.03 |
| PE Ratio (TTM) | 16.65 |
| EPS (TTM) | 11.89 |
| Earnings Date | Jul 29, 2019 - Aug 2, 2019 |
| Forward Dividend & Yield | 3.08 (1.55%) |
| Ex-Dividend Date | 2019-05-10 |
| 1y Target Est | 210.89 |
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Bank of America CEO: 'We want a cashless society'
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Quibi hits $100 million in ad revenue
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- InvestorPlace•7 hours ago
6 Cloud Gaming Stocks to Buy for 2020 and Beyond
Following the 2019 Electronic Entertainment Expo (E3), the video game industry's biggest conference of the year, two things have become abundantly clear. Cloud gaming is the future of the gaming industry and that future is coming soon.Cloud gaming is broadly defined as the ability to stream video games through the cloud, without any chunky hardware or lengthy downloads, and play those video games on any internet-connected device, like a smart TV, computer or smartphone. It's basically Netflix (NASDAQ:NFLX), but for video games. Consumers pay a monthly fee to play video games through the cloud. And, much like Netflix uprooted traditional television due to its pricing and convenience advantages, cloud streaming services will uproot the traditional video game industry due to the same price and convenience advantages.As such, cloud gaming is inevitably the future of the gaming industry.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat future is coming soon … very soon. At E3, many of the leading players in this industry announced that their cloud gaming services would have limited roll-outs later this year, and full launches in 2020. Thus, it seems inevitable that the video game industry in the early 2020's will be one dominated by a shift from traditional video game consumption, to cloud gaming consumption. * 10 'Buy-and-Hold' Stocks to Own Forever The investment implication of that shift? Stocks on the right side of the cloud gaming shift should win big in the early 2020's. With that in mind, let's take a look at six cloud gaming stocks to buy to play this secular pivot. Alphabet (GOOG)Source: Shutterstock For all intents and purposes, it looks like internet search and cloud giant Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) has taken the lead in developing a true cloud gaming service.Alphabet first announced its cloud gaming service, dubbed Stadia, in March. At it's pre-E3 event, Alphabet divulged more details about Stadia. Broadly, there are two parts here. First, the hardware, which is just a controller to play the games. Second, the software, which is Stadia Pro and enables gamers to stream a library of video games to multiple devices. The controller costs about $70. Pro costs about $10 per month, so similar to Netflix pricing. The service presently supports about 30 games, but will grow over time. All of this is set for a limited roll-out in November 2019, and a full launch in 2020.All in all, Alphabet is set to launch its true cloud gaming service Stadia later this year. That early launch will give Stadia a first mover's advantage in this market. Further, Alphabet has a big enough data center network around the world that Stadia should be able to turn that first mover's advantage, into a long-term advantage, meaning Stadia does project as an important player in the cloud gaming world at scale.Is that a reason to buy GOOG stock? Yes. Cloud gaming will help lessen Alphabet's reliance on advertising revenues, and broaden and lengthen Alphabet's growth narrative. That will ultimately push GOOG stock higher. Microsoft (MSFT)Source: Shutterstock Right behind Alphabet in the cloud gaming world is peer global tech giant Microsoft (NASDAQ:MSFT).Microsoft just announced its Project xCloud, which is the company's cloud gaming initiative that launches in October 2019 and allows gamers to stream Xbox games across a variety of different devices. Project xCloud is different from Stadia in many ways. First, we don't have many details on xCloud. Second, xCloud is more of a cloud extension of Microsoft's Xbox console than anything else. Third, the goal of xCloud isn't to create a consolidated cloud gaming platform; rather, it's to get gamers to play Xbox games more frequently across multiple different devices.As such, xCloud in its current status will serve as a perfect cloud complement to the Xbox. Naturally, that positions xCloud to get a big early user base through current Xbox owners. Further, Microsoft has a large enough global hyper-scale data-center presence to support xCloud being arguably the best performing cloud gaming service in the world. * 7 Fantastic Fidelity Funds for a Range of Investors Will MSFT stock move higher because of xCloud? Perhaps. MSFT stock goes as its cloud businesses go and xCloud is a cloud business. Traction in xCloud could consequently excite the investor base, and push Microsoft stock higher. Apple (AAPL)Source: Shutterstock There are four big tech companies with $700 billion-plus market caps. Three of them are jumping into the cloud gaming space. We've already talked about two of them: Alphabet and Microsoft. Now, let's talk about the third -- Apple (NASDAQ:AAPL).Apple is jumping into cloud gaming with its Apple Arcade service. In short, Apple is taking all the best games in the App Store, putting them in a gaming library in the cloud, and allowing consumers to access that library for a monthly fee. That monthly fee hasn't been announced yet, but will probably wind up somewhere around $10 per month. Also, gamers can access Apple Arcade on mobile or through a computer.This is a big move for Apple. The company's bread-and-butter, the iPhone business, is running out of growth runway. Apple is rapidly pivoting into the software and services space to help offset slowing hardware growth. This pivot is working … to a degree. But, it will work a whole lot better if Apple can successfully turn Arcade into a mobile/PC gaming equivalent of Netflix.Is that possible? Sure. Apple has huge market share in smartphones and computers, and they will leverage that huge physical presence to help push their software services, which should increase adoption and help these relatively new services scale quite quickly. As Arcade does scale quickly, the Services business will get a boost, and AAPL stock will move higher. Electronic Arts (EA)Source: Shutterstock The dark horse in the cloud gaming wars is video game publisher Electronic Arts (NASDAQ:EA), which announced its cloud gaming platform Project Atlas back in 2018.Details on Project Atlas are scant, and from a media coverage and announcements perspective, it seems to have fallen behind Stadia, xCloud and Apple Arcade. Nonetheless, EA has a leg up here because it is a video game publisher that owns the content that many gamers want to play. As we've seen with Netflix and the video streaming wars, content is everything. Thus, EA comes into the cloud gaming world with a winning hand.Will that winning hand help EA create a market-leading cloud gaming platform? Perhaps. We still don't know what this market will look like in the future. But, we do know that whatever the market does end up looking like, EA will be a part of the picture, either as a cross-platform content provider, or a cloud gaming platform owner. * 7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns Either way, the cloud gaming pivot is a good thing for EA. It will push revenues higher, increase revenue visibility and help expand the multiple on EA stock. All three of those things will help move EA stock higher in the long run. Advanced Micro Devices (AMD)Source: AMD The first four companies on this list were potential providers of cloud streaming service. This fifth company, however, is the chip giant that is powering those cloud streaming services behind the scenes.Advanced Micro Devices (NASDAQ:AMD) is a CPU and GPU company that services many different end markets. One of those end market is gaming. AMD does pretty well in gaming with its GPU chips. For example, the company's GPU chips have long been the fuel behind Microsoft's Xbox gaming consoles. Now, as tech giants are pivoting their gaming services to the cloud, many of them are tapping AMD to power their cloud gaming platforms, too.Namely, Microsoft's xCloud streaming service and Alphabet's Stadia streaming service will both be built on AMD GPUs. Those are the two premiere, leading cloud gaming services, and both of them are tapping AMD for their GPU power.That's impressive. If AMD can maintain this trend of being the go-to GPU power behind the cloud gaming industry, then AMD's revenues and profits will see a nice lift. That nice lift could provide an equally nice lift to AMD stock in the long run. Nvidia (NVDA)Source: Shutterstock Last, but not least, in this list of relevant cloud gaming stocks to buy is Nvidia (NASDAQ:NVDA), the chip giant that has dual exposure to the cloud gaming market.On one end, Nvidia has already built its own cloud gaming service, called GeForce Now. According to most accounts and sources, GeForce Now is probably the best cloud gaming service out there right now. But, it's limited. It focuses exclusively on computer games, and is in a beta, invite-only phase. Nvidia has not mentioned any intentions to open the floodgates for GeForce Now. As such, while Nvidia has built one of the world's best cloud computer gaming platforms, that platform isn't set for a commercial roll-out just yet.Perhaps that's because on the other end, Nvidia makes the GPU chips that are the building blocks for cloud gaming services. Nvidia has long been considered the king of the GPU market, and king of the data-center market. Naturally, that positioning makes them seem like the obvious choice to power cloud gaming platforms.Net net, Nvidia has established dominance in the markets which are the fundamental building blocks for cloud gaming. In the long run, Nvidia will either leverage that dominance to build the best game streaming platform, or be the best provider of game streaming building blocks. * 10 Tech Stocks to Buy Now for 2025 Is this a big deal for NVDA stock? Absolutely. Nvidia's long-term growth narrative is all about cloud, AI and data, and cloud gaming is a big part of that narrative. As such, cloud gaming should be one of the many reasons why NVDA stock heads higher in the long run.As of this writing, Luke Lango was long NFLX, GOOG, AAPL, EA and NVDA. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post 6 Cloud Gaming Stocks to Buy for 2020 and Beyond appeared first on InvestorPlace.
- InvestorPlace•8 hours ago
Don’t Miss Out On Google Stock as FAANG Make a Comeback
Over the past few months FAANG stocks have been lagging broader markets. Despite grabbing a good chunk of headlines, they have not been exhibiting strength from a performance standpoint.Source: Brionv via Wikimedia (Modified)Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) in particular has really struggled despite running an incredibly diverse company with a huge amount of embedded option value. Google stock has clearly been the laggard of the FAANG lot, and it still has not quite recovered from an unexpected first-quarter earnings miss that sent shares plummeting at the beginning of May.Over the past week, however, FAANG stocks have come roaring back. Over a time horizon of the past three months, GOOGL stock is down 7.6%, while the Nasdaq is up just over 3%, but as we look over the past month, GOOGL stock has managed to narrow that underperformance somewhat.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe arrows are pointing to a continued outperformance, especially with positive news in the trade war area lifting markets as a whole. As money continues to be deployed and investors reexamine just how strong Google's value proposition is, there is ample room for GOOGL stock to continue its outperformance. Google Stock LeadershipFirst a note on Alphabet stock's leadership, as it seems to come up more and more in conversations I have about the company. More than once I have heard shareholders voice the opinion that founders Sergey Brin and Larry Page do not care about shareholders, and that they seemed to not offer much hopeful commentary on the disappointing first quarter. * 7 Value Stocks to Buy for the Second Half And it is true that on the surface, it appears that Tim Cook of Apple (NASDAQ:AAPL), for example, is more shareholder-friendly than Brin and Page. He commits to share buybacks and Apple sports a 1.6% dividend. He also goes on financial talk shows to espouse the virtues of the company. Brin and Page have done none of the above.However, this is a rather myopic view.Google's approach is arguably more beneficial to shareholders in the long-term. Instead of burning up cash by giving it back to shareholders to prop up the stock (not that it seems to need it) like Apple has been doing for years now, Google is investing in a number of technologies and projects that have huge potential.These are not incremental tweaks but truly transformational technologies. GOOGL Is Betting on the FutureThere simply is not another company that can rival Google in the number of products and services with the same amount of monetization potential.An outdated Wall Street Journal article from 2015 is a common source for bears that argue YouTube is unprofitable. While there is no disclosed information on whether or not that has changed, any routine user of YouTube would be surprised to know that it isn't very profitable in 2019.Margins and other financial metrics are mostly guesswork, but with the major increase in advertisements and YouTube TV gaining traction, how can it not be? The network effects are mind-blowing and may just be the most valuable asset within Google aside from the core search business.Waymo and Google Maps aren't producing profit yet, but they are growing rapidly and undeniably loaded with potential to become a major force in non-cyclical industries. Right now the market is not giving GOOGL stock any real credit for these transformative technologies, but think about how the stock will react if just one of their many assets starts to "work." The Bottom Line on GOOGL StockBuying into this newfound momentum as investors seem to be stepping back into the big-tech FAANG names should turn out to be a profitable move. As a group, they will all probably do well, but Google is the best bang for buck.Right now GOOGL stock trades at just 28x trailing price-to-earnings ratio. It has been cheaper than this in the past, but the current value is undeniable. This is the time and place to double down on a temporary market dislocation.As of this writing, Luce Emerson was long GOOG stock. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post Don't Miss Out On Google Stock as FAANG Make a Comeback appeared first on InvestorPlace.
- Bloomberg•8 hours ago
Microsoft’s Missteps Offer Antitrust Lessons for Tech’s Big Four
(Bloomberg) -- Of the five biggest tech companies in the U.S., Microsoft is the only one that isn't currently in the crosshairs of U.S. antitrust authorities. The software giant already took its turn through the regulatory wringer starting two decades ago, a years-long confrontation that resulted in the finding that the Redmond, Washington-based company had illegally maintained its monopoly for personal-computer operating-system software. The case dealt with the company's moves to kneecap the Netscape web browser by bundling its own product, Internet Explorer, into Windows, the dominant PC operating system.A federal judge ordered the company split in two in 2000, a fate Microsoft avoided when an appeals court reversed that part of the ruling and the company eventually settled. That 2002 settlement led to nine years of court supervision of the company's business practices and required Microsoft to give the top 20 computer makers identical contract terms for licensing Windows, and gave computer makers greater freedom to promote non-Microsoft products like browsers and media-playing software. Because observers and legal pundits almost uniformly agree the software giant did virtually everything wrong in the course of the investigation -- which had its start as early as 1990, followed by a 1998 Justice Department lawsuit -- in retrospect its story serves as a useful instruction manual of what not to do.While no formal inquiries have yet been opened, the Federal Trade Commission and Justice Department carved up the territory of big tech -- Amazon.com Inc., Apple Inc., Alphabet Inc.’s Google and Facebook Inc. -- as they prepare to dig in on antitrust issues. The Department of Justice will look at Google, which dominates the online search and advertising spaces, and Apple, whose pervasive App Store is likely to be under examination. The FTC drew Facebook, with its behemoth social networking and messaging apps and a slew of recent privacy missteps, and e-commerce giant Amazon, which has been pushing into areas like grocery and health. As these companies build their legal teams and prepare strategies for the fight ahead, here are several lessons that Google, Amazon, Apple and Facebook can learn from Microsoft's battle with the feds.Don't deny the obvious. Or don't even put up a fight about whether you have a monopoly. Microsoft, whose Windows software accounted for about 90% of the market for PC operating systems, opted to argue that the space was actually competitive. Parts of the argument included videos where Microsoft employees offered a straight-faced marketing pitch for the benefits of rival Linux programs with a tiny share of the market. The impulse is understandable -- monopoly sounds like a dirty word. But U.S. antitrust law doesn't expressly forbid having a monopoly; it outlaws doing certain things to establish, maintain or extend one. That led some legal scholars to argue that Microsoft would have been better served by copping to the Windows monopoly and establishing a legal beachhead against the idea that it did anything illegal to gain it or keep it. Arguing against something so self-evident via the company's very first witness strained credibility and started the case off on a bad footing.It's easy to imagine a similar issue applying to Google, which has more than 84% of the web-search market and controls 82% of mobile-phone operating systems. In the app-store business, Google and iPhone maker Apple together control more than 95% of all U.S. mobile app spending by consumers, according to Sensor Tower data. Apple CEO Tim Cook earlier this month told CBS that his company doesn’t have a dominant position in any market. But regulators may look at the power it wields through its app store. It could be more effective for these companies not to start by denying that leadership position -- if you have 80% or 90% percent of a market, arguing that you don't really dominate isn't the hill you want your legal reasoning to die on. Don’t resort to spin. Microsoft's credibility with the press was no higher, hurt by constant counterfactual statements and spin. Each day, after a bruising in court as government lawyer David Boies poked holes in executive testimony and Judge Thomas Penfield Jackson alternated between chuckling at the witnesses and chastising them, Microsoft deployed a hapless PR person to the steps of the courthouse to recite the words, "Today was another good day for Microsoft." It never was. Assume everything will be made public.Among the list of horrifying moments for Microsoft in court was the public showing of parts of the 20 hours of depositions of co-founder and Chief Executive Officer Bill Gates. The tapes (yes, they were tapes -- this was the 90s) showed an ill-lit, evasive and combative Gates engaging in Clintonian word-wrangling, such as asking about the definition of the word "definition" and arguing what "market share" meant. Microsoft claimed it had been assured the tapes would never be shown in court, or the company would have taken greater care with Gates’s appearance and manner. During their playback in court, the judge laughed at several points -- not the impression the software giant wanted to make on either Jackson or the public. Jackson told New Yorker reporter Ken Auletta that Gates came off as "arrogant" in the depositions.Just as bad for Microsoft, an array of internal emails were read aloud in court that contradicted the testimony of its executives, which further angered Jackson. The takeaway? Assume everything will be aired in the court of public opinion. If it was true 20 years ago, it’s even more apparent in the current era of oversharing, thanks to the tech companies’ own services. Don't be condescending about the technology. Most lawyers, judges and regulators don't appreciate being told or having it implied that they lack the ability to apprehend certain tech concepts. Or that the reason they think there's been an antitrust violation is because they just don't "get" the technology. It was true that Jackson and Boies seldom used a computer at the time. But it didn't require a computer science doctorate to divine the legal merits of the case. At the height of Microsoft's hubris (or carelessness, or both), the company sent Windows chief Jim Allchin to the stand with a doctored video that purported to show how computing performance would be degraded when the browser was removed from Windows on a single PC. It was actually done on several different computers and was an illustration of what might happen rather than a factual test, as the company initially claimed -- a fact that came to light only after several days of the government picking through every inconsistency in the video. Microsoft remade the simulation several times in an effort to save the testimony. The company seemed to think it could get away with baldy stating a technological claim and mocking up something that backed it up, perhaps reasoning that no one would know the difference, but it miscalculated badly (Joe Nocera, now a Bloomberg columnist but then writing for Fortune, recounts the whole cringeworthy story).Choose your lawyers wisely.Microsoft took on the U.S. government led by a combative Gates and an equally aggressive general counsel, Bill Neukom. Gates, the son of an attorney, was outraged, frustrated and convinced the company was being unfairly targeted. One of the company’s outside lawyers, from the firm Sullivan & Cromwell, said the company could put a ham sandwich into Windows if it wanted to. And throughout, Neukom not only failed to tamp down his executives’ worst impulses, he seemed to amp them up. His legal style led observers to point out that his last name -- pronounced `nuke 'em’ -- was quite fitting.The U.S. government’s latest antitrust targets should take heed: If your top executive's style tends towards waving a red flag in front of a bull, you may be wise to consider a top lawyer with a more conciliatory style. Google’s top executives have already raised the ire of lawmakers for refusing to appear before Congress, and no one has ever accused Jeff Bezos of being afraid of a fight. At Facebook, where Zuckerberg regards Gates as a mentor and observers see similarities in their styles and temperaments, this lesson might be particularly important.There are many different ways to lose.Right now, the companies are only at risk of an inquiry -- the agencies are deciding what, if any, action to take. But even at this stage, they should keep in mind that a loss doesn’t only mean a full-scale breakup or forced divestiture. Companies can avoid that extreme fate and still find, as Microsoft did, that the years of distraction from the fight have hampered their business and sucked up executive time and mental energy.In an interview last year at the Code Conference, Microsoft President and Chief Legal Officer Brad Smith lamented the distraction the case caused, and cited it as a reason the company missed out on the search market -- the business that fueled the runaway success of Google, now under the microscope itself. Others have pinned Microsoft’s abysmal performance in mobile computing partially on constraints and distractions from the case. Some of the company’s business missteps can fairly be attributed to poor execution and strategic errors that had nothing to do with the government dispute. Still, the notion that merely fighting an antitrust battle may do almost as much harm as losing one brings us to our last point.Consider settling early. It's hard to say with certainty what the late 1990s and early 2000s might have looked like for Microsoft had it found a way to settle with the government earlier than 2002. Still, for the government’s current targets, it's worth weighing a settlement against the impact of several years of investigation, a possible loss in court and potentially harsher restrictions or remedies. Amazon, Apple, Facebook and Google probably have a pretty good idea of what regulators may object to, and it’s worthwhile for them to consider ways to assuage those concerns while keeping the core of their businesses and future ambitions intact. The alternative is years of investigations, possibly damaging evidence and testimony, and ample distraction, all leading up to what could be a devastating loss in court. (Updates with earlier comments from Tim Cook. A previous version of this story corrected the attribution of an anecdote about a ham sandwich.)To contact the author of this story: Dina Bass in Seattle at dbass2@bloomberg.netTo contact the editor responsible for this story: Jillian Ward at jward56@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Motley Fool•9 hours agoApple Might Move a Chunk of iPhone Production Out of China Thanks to Trump's Trade War
But not to the U.S.
- Market Realist•9 hours ago
Apple’s Problems in China May Be Far from Over
One of Apple’s (AAPL) biggest problems has been its plunging sales in China.
- Market Realist•9 hours ago
iPhones to Get New Screens, but Shipments May Still Struggle
Apple’s (AAPL) iPhone shipments have been hit badly in the last two quarters due to various factors, from sky-high prices putting off consumers to longer upgrade cycles. Here's what it's doing to address the slowdown.
- InvestorPlace•9 hours ago
Wednesday Apple Rumors: Users Can Delete Unwanted Apps in watchOS 6
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of a new feature coming in watchOS 6. Today, we'll look at that and other Apple Rumors for Wednesday.Source: Apple watchOS 6: Owners of a Watch are going to be able to delete unwanted apps soon, reports TechCrunch. The newest update from the tech company will allow users to delete apps that come already on the device. This will give them the ability to better customize the device for their own wants and needs. Users can already remove some apps through an iPhone. However, this only works for Watch apps with an iPhone counterpart.Repair Partnership: A new partnership is bringing certified AAPL repairs to more locations, 9to5Mac notes. Owners of devices from the tech company that want them repaired can now stop by their local Best Buy (NYSE:BBY) location for the task. This partnership between the two companies means that all of the nearly 1,000 Best Buy locations in the U.S. will offer official repairs for the devices.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGaming: A new report has Apple being one of the largest public gaming companies in the world, says AppleInsider. This new report comes from analysts over at Newzoo. The report finds that AAPL is the fourth-largest gaming company in the world. This is due to the large amount of money from mobile games on iOS devices. Beating out the company are Tencent (OTCMKTS:TCEHY), Sony (NYSE:SNE) and Microsoft (NASDAQ:MSFT).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 Wednesday Apple Rumors: Users Can Delete Unwanted Apps in watchOS 6 appeared first on InvestorPlace.
- Market Realist•9 hours ago
Will a Rate Cut Today Mean a Crash in the S&P 500?
As the FOMC meeting progresses, markets seem cautious. After rising 0.97% yesterday on easing trade tensions and a growing tribe of rate cut hopefuls, the S&P 500 is trading on the sidelines today. Here's what a cut today could mean for these stocks.
- Benzinga•10 hours ago
Apple Analyst: Shift Away From Chinese Production Would Be 'Gargantuan Endeavor'
Nikkei Asian Review reported Wednesday that Apple Inc. (NASDAQ: AAPL) is considering shifting 15% to 30% of its production capacity from China to elsewhere in Asia. Apple's existing manufacturing footprint in China represents the "hearts and lungs" of its entire ecosystem, Ives said in a Wednesday note.
- InvestorPlace•10 hours ago
3 Large-Cap Biotech Stocks to Buy for Massive Gains
Do you want to find the next Apple (NASDAQ:AAPL) or Amazon (NASDAQ:AMZN)? My advice is that you should set your sights lower, not higher and put some cash to work in three down, but not out heavyweight biotech stocks for the next big thing in investing. Let me explain.It has been a good week so far for the broader markets. The Nasdaq Composite, S&P 500 and Dow Jones Industrial Average have broken out of short bases barely discernible on the weekly chart and back within spitting distance of their respective all-time-highs following May's abrupt correction. It has been a nice period for biotech stocks as well.The Vaneck Vectors Biotech ETF (NYSEARCA:BBH) is up nearly 3.50% through Tuesday's close compared to gains of roughly 1% to 2% for the broader averages. But as any investor with a passing interest in the markets knows, the outperformance in biotech stocks has been anything but a recurring theme these past couple years.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer The good news is markets are cyclical. Even legendary investments such as AMZN or the sacrosanct AAPL stock have been known to correct for periods lasting not weeks, but months and even years. With that in mind, it's time to consider adding these three large-cap biotech stocks into your portfolio. Amgen (AMGN) Click to EnlargeAmgen (NASDAQ:AMGN) is a biotech heavyweight that also happens to be the sector's largest capitalization outfit with a valuation of about $110 billion.Following a recent sales and earnings beat, this reasonably-priced biotech giant, which pays investors nearly 3.5% in quarterly dividends, has now put together a bottom on the monthly price chart.Specifically, AMGN stock has formed a confirmed pivot low, which reaffirms its longstanding uptrend after a correction of several months. And with plenty of lateral, angular and Fibonacci price supports, as well as an oversold crossover signal to confirm the bottom, this biotech stock is a buy today.The TradeBuy AMGN stock at current prices. Set a stop-loss beneath support below $160, but expect shares to hit new highs in 2019's second half. Gilead Sciences (GILD) Click to EnlargeIt has been a rough few years for Gilead Sciences (NASDAQ:GILD), one the sector's largest names, but things are looking up for GILD stock lately.A recent earnings report that reiterated the company's full-year guidance and offered a modest year-over-year uptick in sales and profits looks promising for Gilead shares, which have been absolutely pummeled over the last four years.Technically, shares are trading slightly above multiple inside candlesticks following a double bottom pattern of about one and a half years. With the formation finding support off the 50% retracement level and a supportive-looking stochastics set-up signaling better months and years ahead, GILD stock looks good to buy right now. * 10 'Buy-and-Hold' Stocks to Own Forever The TradeBuy GILD stock at current levels with an initial stop-loss below $59. On the upside, $85 - $90 looks like a good area for profit-taking while allowing this down-and-out value stock some room to run. Biogen (BIIB) Click to EnlargeMuch like GILD stock, shares of sector heavyweight Biogen (NASDAQ:BIIB) have been under extreme technical duress the past few years.Most recently, the pain in BIIB stock came after the company's announcement that it was axing a drug to treat Alzheimer's following poor results. The suffering came despite the fact that BIIB posted stronger-than-forecast results in late April.On the price chart, this biotech stock's technical beating since 2015 has resulted in a possible four-year long double-bottom pattern that's finding support in-between the 50% and 62% retracement levels. Coupled with an oversold stochastics that is a hair's breadth away from signaling a bullish crossover, confirmation of the pivot low looks imminent.The TradeBuy BIIB stock above May's candle high of $238.17 to confirm the pattern bottom. I'd suggest an initial stop beneath $214 and to take partial profits in-between $300 - $310.Disclosure: Investment accounts under Christopher Tyler's management currently do not own positions in any of the securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post 3 Large-Cap Biotech Stocks to Buy for Massive Gains appeared first on InvestorPlace.
- Market Realist•10 hours ago
Both Sides Play Mind Games ahead of Trump-Xi Meeting
US equity markets rallied yesterday, and the S&P 500 (SPY) gained almost 1.0%. Markets have now largely recouped their May losses. Along with the dovish stance taken by European Central Bank President Mario Draghi, positive comments on US-China trade talks lifted markets yesterday.
- TheStreet.com•11 hours ago
Facebook's Native Cryptocurrency Libra Will Supercharge Its Platform
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Why Microsoft Stock Will Keep On Climbing Higher in 2019
Microsoft (NASDAQ:MSFT) is the world's most valuable publicly traded company. After a downturn at the end of May, Microsoft stock has continued to climb through June, including a 1.74% gain on Tuesday that set yet another new high and gave the company a $1.04 trillion market cap. With growth of over 30% for 2019, why are investors so bullish on MSFT?Source: Shutterstock When trading closed on Tuesday, Microsoft stock was at $135.16, up 1.74% for the day. The company has been firing on all cylinders for most of June, climbing back above the $1 trillion market cap it hit for the first time on April 25. That makes MSFT more valuable than other tech giants like Apple (NASDAQ:AAPL) at $913.08 billion and Amazon (NASDAQ:AMZN) at $936.11 billion.That raises a few questions. For a tech company that's shut-out of the smartphone market altogether, a non-player in the red-hot smart speaker category and being soundly trounced by the competition in video game console sales, MSFT is doing extraordinarily well these days.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Earnings AnticipationMicrosoft is expected to release its Q4 earnings on July 18, and investors are clearly expecting to hear good news. The company's Q3 earnings were better than expected and showed especially strong growth in the company's Azure cloud computing division, which saw 73% year-over-year revenue growth. Gartner is predicting cloud computing will grow "exponentially" for the next several years, for total global revenue of $331 billion by 2022. MSFT is positioning itself to be a key player in this huge market and investors are anticipating those Q4 results show not just double-digit revenue and earnings growth, but continued acceleration of the company's cloud computing revenue.In the aftermath of Microsoft's Q3 earnings report, MSFT stock rose nearly 4% and the company passed a $1 trillion market valuation for the first time -- only the third U.S. company to do so, after Apple and Amazon. The performance of MSFT through June clearly shows an expectation that those Q4 earnings are going to be just as impressive. Fall Product LaunchesWhile much of the Microsoft news in recent weeks has been focused on the Xbox Project Scarlet, that game console won't be arriving until 2020. However, there are more product launches expected this fall, and they have potential upside for MSFT stock. * 10 'Buy-and-Hold' Stocks to Own Forever The first is Project xCloud, the streaming gaming service set to take on Stadia from Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google division. Project xCloud leverages all that Azure cloud hardware and it starts public testing this October. Cloud gaming has the potential to be huge. It may not just take a chunk of the current $138 billion global video game industry, it could significantly increase the size (and value) of the video game market by allowing consumers to play on devices like tablets and smartphones without the need for expensive consoles.Also expected this fall is new Surface hardware, including a new Surface Pro tablet. In Q3, MSFT's Personal Computing revenue was $10.7 billion and the biggest gains were Surface hardware revenue -- up 21%. Not in the Regulation SpotlightFinally, unlike virtually every other big tech company, government regulators don't appear to be taking aim at MSFT.It hasn't been singled out for skewing search results, sharing user data, influencing elections or running a monopoly. The company has already gone through antitrust proceedings, but that was several decades ago. With regulators increasingly looking at Apple, Amazon, Facebook (NASDAQ:FB) and Google, MSFT is a relatively safe bet for investors who want to own a piece of a tech giant without a lot of risks. As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post Why Microsoft Stock Will Keep On Climbing Higher in 2019 appeared first on InvestorPlace.
