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UBS cut its price target on Apple to $225 dollars, citing slowing iPhone demand, trade war headwinds and possible ripple effects from a Huawei battle. Yahoo Finance's Myles Udland, Rick Newman and Jharonne Martis, Director of Consumer Research at Refinitiv discuss the call of the day.
Millions of people are ready to kick back and relax for Memorial Day Weekend. While most of us hope to take it easy, all of us need to be careful of a very serious threat.
As we enter Memorial Day weekend this key stock market index should make investors nervous.
According to AAA, 43 million Americans are expected to travel during the Memorial Day weekend, an increase of 3.6% from 2018. IBM Security’s Vice President of X-Force Threat Intelligence Caleb Barlow talks to Yahoo Finance to discuss how travelers can protect themselves from cyber threats.
Apparently, some counterfeit iPhones are good enough to fool Apple itself --especially if they can't be switched on
Apple became more upfront with iPhone users after it was compelled to admitthat it deliberately slowed down iPhones in older devices to balance outperformance and battery life
U.S. stock futures rose on Friday and global stocks steadied following a week of bruising losses sparked by worries of a prolonged U.S.-China trade war and increasing signals of a slowing world economy. The Dow closed nearly 300 points lower on Thursday as investors fretted over series of grim readings on manufacturing activity in major global economies and watched oil prices in the U.S. plunge 5.7% in the session. The tech-heavy Nasdaq has declined 2.4% so far this week amid concerns that companies in the technology sector increasingly will be vulnerable should trade tensions between Washington and Beijing escalate throughout the summer.
With iPhone sales sagging, Apple’s standout business in recent quarters has been services. And therein lies both opportunity—and risk.
Qualcomm stock’s big plunge this week is a buying opportunity, according to Bank of America Merrill Lynch.
shares were indicated higher Friday after the personal computing group posted stronger-than-expected second quarter earnings and lifted its full-year profit guidance thanks to a steadying printing supplies division. Group revenues also edged past analysts' forecasts, rising 0.2% from last year to $14 billion as personal systems sales rose 2% to $8.921 billion and operating margins improved to 4.3%. Printing supplies revenues fell 2% to $5.116 billion, but the decline slowed from the previous quarter's slide and operating margins improved to 16.4%.
These strategies for protecting portfolios in the face of an escalating U.S.-China trade war are increasing in popularity.
The United States increased tariffs on $200 billion in Chinese imports to 25% from 10% last week. U.S. President Donald Trump has also threatened an additional round of tariffs on $300 billion that would cover nearly everything imported from China to the United States. BEST BUY CO INC: "The impact of tariffs at 25% (proposed to be enacted) will result in price increases and will be felt by U.S. consumers," CEO Hubert Joly said.
David Dietze of Point View Wealth Management discusses his investment strategy for the tech sector in light of the ongoing tension between Washington and Chinese tech giant Huawei.