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This list will track the publicly traded companies that are making bets, big and small, on cryptocurrencies like bitcoin and ether. Yahoo Finance will update this list as new companies enter the crypto space.
Square, the payments company helmed by Jack Dorsey, has put its Terminal device in the hands of more than half the roving concessionaires in Washington Nationals ballpark in Washington, D.C.
Visa and MasterCard are two of the most widely used credit card brands, but are the differences between the two significant enough to influence consumers?
Site plans reveal multiple buildings on the southeast corner of the largest of two parcels of land purchased by the tech giant in the West Valley city.
The plans and renderings come after months of speculation over what sort of massive development Jay Paul Co., which has a reputation of building high-quality buildings and attracting big-name tenants, would put together for a key site in the middle of San Jose’s growing downtown.
Visa Inc. said late Friday its board elected Chief Executive Alfred Kelly as chairman. Kelly's chairmanship was effective on Tuesday, Visa said. Kelly succeeds Robert Matschullat as chairman, and Matschullat will continue to serve as the board's finance committee chair. Kelly has been Visa's CEO since December 2016.
Paypal (PYPL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Microsoft (MSFT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Square (SQ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
“Many women simply aren’t cut out for the corporate rat race, so to speak, and that’s not because of ‘the patriarchy,’” a Microsoft employee wrote.
Minnesota’s first black-led credit union is partnering with Square to bring financial education and technology to North Minneapolis.
BAML Survey: How Are Global Fund Managers Positioned?(Continued from Prior Part)Biggest tail risk In Bank of America Merrill Lynch’s April 2019 survey, the slowdown in China and the trade war tied for the biggest tail risk according to the
Wall Street’s top six banks posted a decidedly mixed set of results for the first quarter, with retail banks generally triumphing over their more capital markets focused rivals and dealmakers having a better time of it than traders. Investor reaction was most decisive against Goldman Sachs. Analysts attributed the fall to Goldman’s decision to defer a much-anticipated strategic update until early next year.
Zoom’s dizzying ascent -- its shares rose as much as 83 percent before closing up 72 percent -- left founder and Chief Executive Officer Eric Yuan lamenting the high price and the pressure it puts on the company. Just two years ago, Zoom was valued at only $1 billion in a private funding round. “The price is too high,’’ Eric Yuan said in an interview with Bloomberg TV.
The gaming sector appears to be slower than investors had hoped for, and with Advanced Micro Devices (NASDAQ:AMD) becoming a stronger rival, the relative weakness of the gaming industry creates a key risk to Nvidia (NASDAQ:NVDA) stock. However, despite some of the negative commentary pertaining to Nvidia, there could be a silver lining to the recent GPU apocalypse. Perhaps, the on-going development within its ADAS (advanced driver assistance systems) division could offset some of the negative headwinds, as there were a number of wins recently tied to automotive OEMs, and on-going deployments of level 3-4 systems that could move the investor thesis forward in this area.Rob Csonger (General Manager of Autonomous Machine Group Nvidia) was on the call with Timothy Arcuri (UBS Analyst), where they discuss the development of Nvidia’s ADAS systems, and also how they came up with their expected total addressable market opportunity:> Rob Csonger: The TAM that we talked about at our recent investor day – the $30 billion number -- was based off of three components. One was a driving component; in other words this is revenue that NVidia would derive from computers and software that would go into the vehicles. The second component would be data center products, which are used for training and development of the software that goes into the car computers. And then finally at GTC we announced a new product called Drive Constellation, which is a simulation product for testing and validating.> > Rob Csonger: So what we're doing is - our technology of course is based on our newest processor called Xavier. And we are enabling the world's automakers to deploy a system like this with even more performance and more functionality. And the announcement we made with Toyota is an example of that. So based on that, I think - you know, we estimated roughly 35 million cars and we also estimated that you would need two computers. You would need a computer for the selfdriving and you need a computer for the cockpit. And given a, you know -- call it -- hundreds of dollars, you know, ASP, you'd end up with, you know, a significant portion of that TAM.What Rob Csonger is anticipating are a number of factors near-term that will drive the autonomous market forward. Namely, Toyota and Mercedes Benz, which have both expanded their collaboration on Nvidia’s autonomous platform, which means the shipment of a lot more Xavier chips when both companies are ready to launch their next-gen platforms (could be a couple years out).Nvidia also released Xavier (several months ago) which does 30 trillion operations per second (heavily optimized for Nvidia’s custom CUDA architecture and machine learning algorithms). Rob Csonger also mentioned that they have “85 other companies developing on the Xavier platform.” Plus, it could have widespread adoption in robotics or other areas where datacenter on a chip makes sense. They started selling the developer kits (January 2019) for quantities of 1,000 (minimum) for $1,100 (implying that each developer kit will cost $1.1M per company at minimum).Assuming, the automotive narrative plays out, Nvidia could reach a multiple billion/year revenue runway from the segment alone. Though, customers would have to value a more advanced autonomous driving system when buying their cars and opt for the upgrade. However, Tesla has a 77% attach rate for its advanced autonomous features, which cost $5,000 extra, according to Rob Csonger, so there may be meaningful adoption even if Toyota were to release the same feature.If Toyota were to market a Level 4 system (which could work on freeways but probably not surface roads) and sold 1M cars with these features, while Nvidia generates $2,000 per unit (due to volume) they would generate an incremental $2B revenue from just Toyota alone. Toyota sold 10.4 million cars in FY’18, so they’d only need to sell the feature to just 10% of their customer base for it to become a viable volume business for Nvidia.Bottom LineAutonomous remains Nvidia’s most promising growth area given the weakness in GPU shipments tied to gaming and crypto mining. The autonomous revenue might surprise in the next couple quarters as developer kit orders for Xavier starts to impact financial results. However, the adoption of Nvidia’s ADAS architecture might not translate into meaningful volume shipments for a couple years, but each auto OEM does intend to launch cars with ADAS level 4-5 systems in the next five-years.Disclosure: The author has no position in Nvidia stock.Read more on NVDA: * Nvidia: Looking Like Intel Isn’t Necessarily a Great Thing * Nvidia (NVDA): Investor Day Sets Bullish Tone for the Stock More recent articles from Smarter Analyst: * Jeff Bezos Is Leading Amazon (AMZN) in the Right Direction * Microsoft (MSFT) Stock's Big Rally Should Continue * Oppenheimer Still Sees 40% Upside for Tesla (TSLA) Stock * The Qualcomm (QCOM) Hype Continues: Canaccord Boosts Price Target on the Stock
Qualcomm Surges on Apple Settlement and Intel's 5G Chip Exit(Continued from Prior Part)Intel’s exit from the 5G phone business On April 16, Intel (INTC) announced that it is planning to exit the 5G smartphone modem market, as it wants to put its
"All of the gyrations that you read about in the press and the drama that you read about in other cases, we can certainly fall victim to a lot of those things if we are distracted by the news cycle or things that are short-term by nature," Pinterest Chief Financial Officer Todd Morgenfeld said. Zoom Video Communications Inc shares also surged in the U.S. video conferencing company's first day of trading on Thursday, closing 72 percent above their IPO price of $36. Investors are hopeful that money-losing Pinterest, the most high-profile social media company to list in the United States since Snap Inc in 2017, will have a strong run in the market, given the company's ability to grow revenue and increase its user base.
“The price is too high,’’ Eric Yuan said in an interview with Bloomberg TV on Thursday. Shares of the video-conferencing service rose as much as 83 percent above its initial public offering price, and closed up 72 percent at $62 at in New York, valuing the company at $15.9 billion. The jump in the shares puts Zoom’s valuation above that of two companies that raised more money in their recent IPOs.
Microsoft (NASDSAQ:MSFT) has been on a winning streak given its diversified business portfolio and ability to deliver growth and financial results in a timely manner. Analysts continue to rally around the stock heading into its earnings announcement on April 24, which makes sense given the momentum on the charts, and sustained interest for a variety of Microsoft’s products both for consumers, and within the enterprise as well.The growth narrative tied to Azure Cloud drives much of the upside commentary among analysts despite the growth rate from Azure is expected to decelerate over the next couple-years. MSFT still trades at a fairly reasonable valuation at 31.35x earnings. The company’s current market capitalization is $934 Billion, with psychological resistance at $1 Trillion, or $130.37. Chances are Microsoft can reach $130 within the next couple months, assuming the stock market rally continues, and investors chase stocks at higher valuations.Despite multiple expansion adding to the recent stock price gains, software companies tend to trade at a bit a premium multiple given the defensiveness plus recurring revenue of the business model. Just look at Adobe for example, which trades at 49x earnings right now, despite EPS growth expectations of 20%. Microsoft trades at 30x earnings with consensus expecting 14.1% earnings for FY’19. So, there’s definitely some room for Microsoft to trade at a higher when compared to other software companies in the segment.UBS analyst Jennifer Swanson Lowe remains optimistic on Microsoft heading into Q2’19:> Microsoft shares had a slow start to the year as concerns about slower hardware purchasing from hyperscale providers and tough compares in the transactional portions of the company's weighed on sentiment. However, our checks point to sustained demand for Azure and ongoing Windows upgrade activity as Win7 end of life looms, while a reset in expectations post Q2 should improve the setup into Q3. Stock performance has perked up in recent weeks, but valuation at ~21x EV/CY19 FCF still looks defensive, and MSFT remains one of our favorite names for CY19, offering a balance of top-line growth, margin expansion, and FCF-based valuation support.The analyst has maintained her $125 price target on MSFT, and anticipates commercial cloud revenue growth of 39% in the next quarter:> We forecast Commercial Cloud rev. growth of 39% YoY to $9.6B on the back of 66% growth in Azure and 26% rev growth in Office 365 Commercial. Our checks continue to highlight strong demand for Azure as the platform underpinning digital transformation (growth is partially impacted by relatively mature per-user business while consumption-based business continues to remain healthy. We expect Commercial Cloud gross margin to improve 100 basis points quarter-on-quarter at 63%, based on improvements in Azure partially offset by lower-margin consumption-based services.The stock clearly wants to trend higher, and Microsoft does have a fairly solid track-record of meeting or beating consensus expectations. While Microsoft is a mature growth stock, the current consensus still anticipates the stock to trade at $129 currently, which implies that the stock could reach $1T in market valuation over the next 12-months.Microsoft will need to deliver some pretty solid results and raise financial outlook to get the stock trending up to $130. It seems doable given the stock’s momentum, and the valuation comparisons to some of its other software peers. Despite the catalysts tied to earnings, the summer months should also be interesting, as there’s a number of game software companies riding on this summer’s E3 conference like Electronic Arts and Activision Blizzard.At this year’s E3 2019 Conference, Microsoft is expected to announce the Xbox 2, which will launch next year, but the preview announcement could add some excitement to the stock, as it looks to renew interest in its gaming franchise. Microsoft’s gaming business produced $10.35B revenue in FY’18 making it a big enough of a business, for Microsoft to start pouring resources into it. With the opportunity to refresh its console line-up, it would be a big opportunity for Microsoft to announce more exclusive titles developed in-house to regain momentum versus Sony, and also build a larger installed base of Xbox Live subscribers from 57 million, which has grown fairly stagnant in the past four quarters.Bottom Line:Improvements in gaming related announcements along with the announcement of earnings on April 24th will add some positive sentiment to the stock. Analysts seem relatively optimistic on the company and it’s hard to mess up on the announcement of a next-generation console this year, so the buzz generating commentary will keep Microsoft relevant in the minds of consumers this year. Disclosure: The author has no position in MSFT stock.Read more: Is Microsoft (MSFT) Stock Still a Strong Pick for Growth? More recent articles from Smarter Analyst: * Jeff Bezos Is Leading Amazon (AMZN) in the Right Direction * Why Autonomous Could Be a Strong Driver for Nvidia (NVDA) Stock * Oppenheimer Still Sees 40% Upside for Tesla (TSLA) Stock * The Qualcomm (QCOM) Hype Continues: Canaccord Boosts Price Target on the Stock
Amid expectations the Federal Reserve will slow its pace of interest rate increases this year or perhaps not raise rates all, fixed income investors are embracing medium- and longer-term bond exchange ...
Wedbush managing director Daniel Ives and Axios markets editor Dion Rabouin discuss the upcoming release of big tech earnings and what companies investors should be focused on.