|Bid||257.54 x 300|
|Ask||258.25 x 100|
|Day's Range||256.92 - 259.45|
|52 Week Range||143.95 - 260.94|
|PE Ratio (TTM)||59.35|
|Earnings Date||Sep 13, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||273.39|
General Electric (NYSE:GE) and Microsoft (NASDAQ:MSFT) reported earnings and reacted in very different ways. Tesla (NASDAQ:TSLA) could be gearing up for a big move, too. Not long ago, General Electric (NYSE:GE) got the boot from the Dow Jones.
Intuit (INTU), in its attempt at faster transition to public cloud, is selling its largest data center to a privately-owned data center operator in the United States.
The software pioneer continues to impress on multiple fronts while making strategic acquisitions to extend its content applications market share dominance.
While trade tensions rise on news of an additional $200 billion in tariffs on Chinese imports proposed by the White House, the S&P 500 has continued to be supported by healthy corporate profitability, as outlined in a recent Goldman Sachs U.S. Weekly Kickstart report dated July 13. The median company in Goldman's list is forecasted to post a ROA of 22% and net profit margins of 24% this year, versus a ROA of 8% and net profit margin of 12% for the S&P 500.
Red Hat (NYSE:RHT) has been a player in the digital space for awhile, and Red Hat stock has essentially tripled over the last five years, but it is a whole new environment, now. Earlier this year, CNBC personality Jim Cramer made the case for a new group of superstar “Cloud Kings’ stocks that he said were better bets than the FANG stocks.
Salesforce.com Inc., a cloud-based applications software company, is buying Datorama Inc. in an effort to boost its analytics capabilities and compete against rivals like Adobe Systems Inc. and Oracle Corp. Datorama provides cloud-based, artificial intelligence-powered marketing software for companies including PepsiCo, Ticketmaster, Unilever and Foursquare. The New York-based company, founded in 2012 by Ran Sarig, Katrin Ribant, and Efi Cohen, has previously integrated its software into Alexa, Amazon’s voice-activated assistant.
Many of those stocks have provided outstanding returns, including CRM stock, which has risen 247% in the past five years and 63% just in the past twelve months. CRM stock seems like the epitome of those market-wide concerns. Salesforce.com itself has a fantastic business model.
Adobe Photoshop (NASDAQ:ADBE) may soon be available for free in every version of Apple’s iPads (NASDAQ:AAPL) starting in 2019, according to a recent report.
Adobe Systems Inc., the maker of popular digital design programs for creatives, is planning to launch the full version of its Photoshop app for Apple Inc.’s iPad as part of a new strategy to make its products compatible across multiple devices and boost subscription sales. San Jose, California-based Adobe has been on a multiyear journey to modernize its dominant creative media software. Recently, Adobe has also begun pitching its products to hobbyists, who prefer working on mobile devices rather than PCs.
Tech and media stocks made investors a lot of money over the past five years. According to a global study from the Boston Consulting Group (BCG), the nine of the 10 large companies that generated the highest shareholder returns from 2013 to 2017 all belonged to one of those two sectors. Chipmaker Nvidia Corp. ( NVDA) came out on top, followed by subscription service Netflix Inc. ( NFLX), semiconductor specialist Broadcom Inc. ( AVGO), China’s internet service portal Tencent Holdings Ltd. (TCEHY) and social network Facebook Inc. ( FB).
As the economy reaches the later stages of its cycle and profit growth slows, investors should take a look at Goldman Sachs’ basket of more than 30 Russell 1000 stocks with high gross profit margins that have proven stable over time. Seven of those stocks, which have been recent outperformers, include Verisign Inc. ( VRSN), Amgen Inc. ( AMGN), Cadence Design Systems Inc. ( CDNS), Adobe Systems Inc. ( ADBE), IDEXX Laboratories Inc. ( IDXX), Liberty Media Corp. ( LSXMA) and O’Reilly Automotive Inc. ( ORLY).
In a matter of just a few years, “the Cloud” has evolved from a budding new tech feature to one of the main factors driving growth in the technology sector. New technologies and changing consumer behavior have changed the shape of the technology landscape, and an industry that was once centered on the personal computer has adapted to survive in the world of mobile computing and the Cloud. The markets have been paying attention, and some of the best tech stocks have been those that are either primarily cloud-based companies, or those that have shown growth in their cloud operations.
Bonanza Creek Energy, Yum China Holdings, Workday, Adobe Systems and Progress Software highlighted as Zacks Bull and Bear of the Day
In a matter of just a few years, "the Cloud" has evolved from a budding new tech feature to one of the main factors driving growth in the technology sector. With this in mind, we've highlighted three stocks that are not only showing strong cloud-related activity, but also strong fundamental metrics.
What makes one software-as-a-service business better than the next? Here are a few must-know metrics that can help tech investors identify potential winners.