AAPL - Apple Inc.
| Previous close | 315.24 |
| Open | 316.27 |
| Bid | 318.60 x 1300 |
| Ask | 318.70 x 3100 |
| Day's range | 315.06 - 318.74 |
| 52-week range | 151.70 - 318.74 |
| Volume | 34,454,117 |
| Avg. volume | 26,919,467 |
| Market cap | 1.397T |
| Beta (5Y monthly) | 1.24 |
| PE ratio (TTM) | 26.81 |
| EPS (TTM) | 11.89 |
| Earnings date | 27 Jan 2020 |
| Forward dividend & yield | 3.08 (0.97%) |
| Ex-dividend date | 05 Nov 2019 |
| 1y target est | 288.78 |
- Yahoo Finance
Why super-fast 5G iPhones might not power a 'supercycle' for Apple
Apple's upcoming iPhones are expected to offer 5G wireless connectivity. But that might not be enough to power a selling supercycle.
- Bloomberg
Apple Partner Pegatron to Set Up Production in Vietnam
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Taiwan’s Pegatron Corp. plans to set up production facilities in Vietnam, according to people familiar with the matter, becoming the latest Apple Inc. assembly partner to establish a presence in the Southeast Asian nation as they diversify beyond China.Taipei-listed Pegatron is looking for a site to build a brand new facility in the north of the country, according to people familiar with the matter who asked not to be identified discussing private plans. It already has rented a separate facility in the northern city of Haiphong, they said. Pegatron will make styluses for Samsung Electronics Co.’s smartphones there, one of the people said.Pegatron joins Apple’s two other iPhone assemblers -- Wistron Corp. and Hon Hai Precision Industry Co. -- in developing manufacturing facilities or building extra capacity in Vietnam. None of the three are making iPhones in Vietnam and have no imminent plans to do so. GoerTek Inc. is now making AirPods in the country, while two other Apple assembly partners Compal Electronics Inc. and Luxshare Precision Industry Co. also have a presence in Vietnam.Read more: Apple Wants Suppliers to Mull Major Shift From China: NikkeiAn almost two-year-long trade war with the U.S. has put China’s position as factory for the world of technology in jeopardy, undermining a decades-old global supply chain and pushing electronics companies to look for alternative production bases. Though Washington and Beijing have signed a phase one trade deal, supply-chain diversification is still essential in the longer term given tensions are unlikely to fully subside and labor costs are rising in China.Read more: Trump Tumult Has Gadget Giants Splitting Along U.S.-China LinesTaiwanese companies have been particularly active in their search for options, with companies from Inventec Corp. to Foxconn Technology Group either moving production back home or to further-flung regions around Asia, seeking to escape U.S. tariffs.Vietnam has been a top beneficiary from tariff-related trade diversions. Indonesia has also gained, including garnering investment from Pegatron.To contact the reporter on this story: Debby Wu in Taipei at dwu278@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum Murphy, Vlad SavovFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Macron, Trump May Have Tariff Truce in 2020 Digital Tax Fight
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Presidents Emmanuel Macron and Donald Trump agreed to a truce in their dispute over digital taxes that will mean neither France nor the U.S. will impose punitive tariffs this year, a French diplomat said.“Great discussion with @realDonaldTrump on digital tax,” Macron said Monday in a tweet. “We will work together on a good agreement to avoid tariff escalation.”Trump, on Twitter, responded “excellent!” to Macron’s post, without providing any more details. Trump is en route to Davos, Switzerland for the World Economic Forum.A White House readout of the call was notably more muted, saying only that the “two leaders agreed it is important to complete successful negotiations on the digital services tax” and “discussed other bilateral issues.” And neither a White House spokesman nor officials with the U.S. Trade Representative’s office would confirm that the U.S. president had called off his announced tariffs.Still, the possible respite may defuse transatlantic tensions that had been building between Washington and Brussels along another potential trade war front. Last week, Trump signed a cease-fire with China in phase one of a broader deal aimed at balancing trade between the world’s two largest economies.The European Union is an even bigger U.S. trading partner than China and supply chains between the two economies, particularly in automotive and financial services industries, are intertwined in ways that would make a tit-for-tat tariff dispute even more harmful to the world economy.France and the U.S. will continue negotiations along with their European partners until the end of 2020 to agree a global framework that ensures tech companies pay an appropriate amount of tax, the French diplomat said.Macron’s government still hopes to find a solution that fits within discussions at the Organization for Economic Cooperation and Development’s work on the issue, the official added, asking not to be identified in line with French government rules.European finance ministers meeting in Brussels Tuesday will discuss progress of the OECD talks. While the OECD is still working on its proposal for taxing tech companies around the world, France pushed ahead with its own levy last year that hit U.S. internet giants like Google, Apple Inc. and Amazon.com Inc.The U.S. objected, alleging on Dec. 2 that the French tax discriminates against American technology companies, citing Section 301 of a 1974 American law that Trump has thus far reserved to justify tariffs against China. That opened the door to the U.S.’s threat to hit $2.4 billion of French goods with tariffs in retaliation.Among the French products targeted with duties of as much as 100% were luxury items like wine, cheese and makeup. One American wine merchant called it the biggest threat to the industry since Prohibition a century ago.For its part, the French government had warned that the EU would retaliate if the U.S. imposed additional tariffs.The dispute was another headache for European trade officials scrambling to expand their policy arsenal as the U.S. takes aim at a rules-based system for global trade that Trump argues is outdated and tilted against America. It also coincided with a change in leadership at the European Commission, the EU’s executive arm.EU trade commissioner Phil Hogan visited Washington last week for the first time in the job, partly to plead for talks rather than tariffs in disagreements like the French digital tax. At stake, he said, was transatlantic trade in goods and services valued at more than $3 billion a day.“Sounds like a fairly healthy relationship to me,” Hogan said Thursday in the U.S. capital. “So why put tariffs on these EU products to make them more expensive for your people?”The truce follows weeks of discussions between Treasury Secretary Steven Mnuchin and French Finance Minister Bruno Le Maire, who were scheduled to meet Wednesday in Davos, Switzerland, the alpine resort town where government officials and business leaders gather during the winter to discuss whatever is ailing the global economy.U.S. and EU trade relations started to sour in 2018 when the Trump administration invoked national-security considerations to impose tariffs on steel and aluminum from Europe. As a U.S. military ally, the EU was infuriated and promptly retaliated with levies on iconic American brands such as Harley-Davidson Inc. motorcycles and Levi Strauss & Co. jeans.A subsequent U.S. threat to wreak significantly more economic damage by targeting the European auto industry with duties on the same security grounds led to a hastily agreed truce and a pledge by both sides to work toward reducing industrial tariffs across the board.Since then, the Trump administration has refused to start the tariff-cutting negotiations unless Europe includes agriculture in them. Also, it imposed levies on EU products in retaliation over government aid to Airbus SE that was deemed illegal by the World Trade Organization, and disabled the WTO’s appellate body,The EU, meanwhile, is pressing ahead with a plan for tariffs against the U.S. in a parallel WTO case over unlawful subsidies to Boeing Co.Trump, scheduled to speak Tuesday in Davos at the World Economic Forum’s annual meeting, on Sunday reiterated his frustration with Europe as a trading partner.“Europe has had tremendous barriers to us doing business with them. All those barriers are coming down. They have to come down,” he told a conference of farmers in Austin, Texas. “If they don’t come down, we’re going to have to do things that are very bad for them.”He added, “Europe was, in many ways, more difficult -- and is more difficult -- than China.”(Adds Trump comment on Twitter in third paragraph)\--With assistance from Jonathan Stearns, Justin Sink and Chelsea Mes.To contact the reporters on this story: Ania Nussbaum in Paris at anianussbaum@bloomberg.net;William Horobin in Paris at whorobin@bloomberg.netTo contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, Brendan Murray, Wendy BenjaminsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Netflix Q4 Earnings Preview: Time for Investors to Worry About NFLX Stock?
Netflix is set to report its Q4 fiscal 2019 earnings results after the closing bell on Tuesday, January 21. The streaming TV giant's stock price has climbed over the last several months but Wall Street is worried about Netflix's growing competition...
- Zacks
Netflix Is Up To Bat This Q4 Earnings Season
Subscriber growth is going to be a crucial metric toNFLX's December quarter report is released
- Zacks
The Zacks Analyst Blog Highlights: Apple, Applied Materials, Synopsys, Copart and State Street
The Zacks Analyst Blog Highlights: Apple, Applied Materials, Synopsys, Copart and State Street
- Bloomberg
Apple CEO Tim Cook Says He’s ‘Optimistic’ About International Tax Deal
(Bloomberg) -- Apple Inc. Chief Executive Officer Tim Cook said he’s “hopeful and optimistic” the intergovernmental Organization for Economic Co-Operation and Development will strike a deal on corporation tax, as his company battles the European Union over a tax bill.Speaking at an event in Dublin on Monday, Cook said the debate on taxing “complex” multinational companies needs to take place at a global level. The OECD is meeting with countries this year about a plan to overhaul the tax system and address concerns that these firms, particularly tech giants, aren’t paying taxes in the right amounts or to the right countries.Read more about the OECD’s plans here.“Everybody knows” the system needs to be overhauled, Cook said, acknowledging it isn’t perfect. While law can’t be “retrofit,” Cook said he “desperately” wants taxes to be fair.Cook’s comments came as the company battles the EU after the bloc imposed a tax bill of as much as 13 billion euros ($14.4 billion) plus interest on the company, claiming Ireland illegally gave it special treatment that lowered Apple’s liabilities. Apple, which has appealed the decision, is the largest taxpayer in the world and has followed all tax laws, Cook said. Ireland also said it did nothing wrong.Cook visited Dublin to receive an award from Irish Prime Minister Leo Varadkar for his company’s contribution to the nation’s economy since it set up a base there in the 1980s. It employs more than 6,000 people in Cork.To contact the reporters on this story: Peter Flanagan in Dublin at pflanagan23@bloomberg.net;Dara Doyle in Dublin at ddoyle1@bloomberg.netTo contact the editors responsible for this story: Ambereen Choudhury at achoudhury@bloomberg.net, Amy Thomson, Christopher ElserFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Apple Welcomes Julia Louis-Dreyfus to TV+ Streaming Projects
The collaboration with Louis-Dreyfus is likely to provide an impetus to Apple's (AAPL) original content expansion strategy to penetrate the increasingly crowded streaming space.
- Reuters
Apple's Cook says global corporate tax system must be overhauled
Everyone knows that the global corporate tax system needs to be overhauled, Apple Chief Executive Tim Cook said on Monday, backing changes to global rules that are currently under consideration. The growth of internet giants such as Apple has pushed international tax rules to the limit, prompting the Organisation for Economic Cooperation and Development (OECD) to pursue global reforms over where multinational firms should be taxed. The reforms being examined center around the booking of profits by multinational firms in low-tax countries such as Ireland where they have bases - and where Cook was speaking on Monday - rather than where most of their customers are.
- Zacks
Skyworks (SWKS) to Report Q1 Earnings: What's in the Cards?
Skyworks' (SWKS) fiscal first-quarter results are likely to reflect deal wins on strength in Wi-Fi 6 solutions amid increasing expenditure on product development.
- Zacks
Factors to Consider Ahead of Comcast's (CMCSA) Q4 Earnings
Comcast's (CMCSA) fourth-quarter 2019 earnings are likely to have benefited from the expanding high-speed Internet subscriber base and Sky's portfolio strength.
- Zacks
What's in Store for STMicroelectronics' (STM) Q4 Earnings?
STMicroelectronics' (STM) Q4 results are likely to gain from robust products & solid execution. Uncertainty in some of the end-markets served and the ongoing U.S.-China trade war remain concerns.
- Zacks
Top Stocks to Invest in America's Aging Workforce
Percentage of Americans aged 65 and above will climb to 21% by 2030 from 15% in 2018. In fact, the number of Americans aged more than 60 have already tripled since 1950.
- Bloomberg
Macron Has a Plan to Lure Tech Talent to France
(Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.Emmanuel Macron’s pre-Davos summit for tech executives will hold some goodies for startups.In the third edition of his “Choose France” summit on Monday, timed to catch global CEOs in Paris on their way to the Swiss Alps’ World Economic Forum, the French president will detail measures in his 2020 budget that have improved stock options for startups in France.Macron will also plug a revamped visa regime that will give fast-track papers to tech workers for French or foreign companies and a new benchmark index, the French Tech 120, to promote the nation’s most promising ventures.Snap’s Evan Spiegel, who was given French nationality in 2018, EU digital Commissioner Thierry Breton, Netflix Inc.‘s Reed Hastings, Google’s You Tube CEO Susan Wojcicki, Lime’s Joe Kraus and other leaders from Mexico, Nigeria, Sweden, Turkey and the U.K. will attend the forum in Versailles.Entrepreneurs and executives at some of Europe’s most successful technology startups have been urging local governments to change laws to make employee stock options more attractive, in order to better compete with Silicon Valley. Macron, his Prime Minister Edouard Philippe, Digital Minister Cedric O and 17 ministers will present the government’s latest measures.In November 2018, about 30 chief executives of companies including iZettle AB, Funding Circle Ltd., Supercell Oy, TransferWise Ltd., Blablacar and U.S.-based Stripe Inc., signed an open letter saying a patchwork of different rules in various European countries makes it complicated and costly for employers to dole out stock options.The French 2020 budget law, voted late last year and enacted on Jan. 1, has two major measures already to make stock options of startups more attractive. First the conditions of the so-called BSPCE, an employee shareholding tool equivalent to a stock options, have been sweetened: they will get a discount compared to the price investors paid at the last fund raising.Also, employees of foreign startups with a base in France will be able to get stock options calculated on the parent company’s performance, not just the French branch, minister Cedric O unveiled in a statement late last year, as he said France seeks to attract more tech workers and companies.“What France has done is fantastic, but we really need a pan-European solution,” Martin Mignot, Partner at Index Ventures, which has stakes in BlablaCar, told Bloomberg. “Currently, startups face the same problems every time they expand into a new country. Talk to any entrepreneur and they tell you it’s madness, it is slowing them down and it is putting them at a disadvantage to large companies.”Macron has attempted to lure more investors to France ever since his years as an economy minister in 2014, via taxes, visas, benchmark indexes, bilingual schools and the French way to welcome new comers.In September he created the “Next 40,” a listing of France’s top 40 startups with the strongest growth potential. While only a few of them are currently “unicorns,” with values topping $1 billion, the government said it expect more of them to scale.Read more: Napoleon, Chateaus on Display as France Seeks Venture CapitalOne of the key measures taken by Macron was a 30% flat tax on capital revenues from securities, savings, capital gains, and other sources. That measure got him into trouble with some of his citizens protesting against inequalities in the Yellow Vests movement that started in December 2018.The statistic institute Insee said the increase in inequality in 2018 was linked to a sharp rise in investment incomes, which benefited from the introduction of a flat tax the same year.Still, Macron has also toughened his stance on issues like taxes and privacy. He brought it up with Apple Inc. CEO Tim Cook in his first months as president and repeatedly to Facebook founder Mark Zuckerberg. Macron is currently in a tug of war with U.S. President Donald Trump over his tax on digital giants.Amazon.com Inc., like other tech companies, will make their first payment of France’s new tax on digital giants in a few weeks. The government enacted a 3% levy on large tech groups that is retroactively effective from Jan. 1, 2019.(Updated with comment from Index ventures)\--With assistance from Natalia Drozdiak.To contact the reporter on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Vidya RootFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Samsung Engineering Maven to Lead World’s Top Phone Business
(Bloomberg) -- Samsung Electronics Co. has appointed Taemoon Roh the head of its smartphone division, tasking a veteran executive with oversight of the world’s largest mobile devices business.Roh, who was formerly the unit’s No. 2 executive, will take over the top job from Koh Dong-Jin from Monday. Koh remains head of the Korean conglomerate’s IT and mobile communications division but hands the reins of smartphones over to a lieutenant credited with building up the marquee Galaxy line of smartphones and tablets. Roh, a two-decade veteran of Korea’s largest corporation, is regarded internally as an engineering maven who’s meticulous about phone features.Samsung’s shares climbed as much as 2.5% in Seoul. The largest maker of mobile phones, displays and memory chips shakes up its executive ranks each year, with the extent of the changes often correlated to how its businesses are doing. This month, the company reported preliminary earnings that showed operating income declining by about a third from a year earlier.Korea’s largest company is racing to secure an early lead in fifth-generation wireless smartphones as well as foldables, both of which will take centerstage during its annual Unpacked event in San Francisco in February. While it still sells more devices than any other brand, Samsung in recent years has come under assault from both long-time adversary Apple Inc. as well as new rivals from Huawei Technologies Co. to fellow Chinese names Oppo and Vivo.“Roh is known to be a person who expanded Samsung’s original design manufacturing policy for low- to mid-range smartphones,” said CIMB analyst Lee Dohoon. “Samsung may now gradually follow Apple in focusing on design and developments. Though it’s expanded outsourcing for production, Samsung will keep a tighter rein on quality control to protect its brands.”The Korean tech giant will try to keep expanding its market share in Asia and Europe this year while closest rival Huawei is struggling to protect its market share in the wake of Trump administration sanctions, Lee added.Read more: Samsung Profit Beats After Chip Prices Stage Comeback Samsung said Roh is taking the division’s helm at 52, using the Korean method of calculating age, although he was born in Sept. 1968 and would be 51 by a Western count.Regardless, that means he’ll be orchestrating things when Samsung unveils on Feb. 11 what’s expected to be a second foldable device that folds into a square. The company’s mainstream flagship device -- whose name is rumored to be the Galaxy S20, a change in naming scheme -- is also likely to be unveiled at that event.Its devices accounted for 54% of the global 5G smartphone market as of November 2019, after it shipped more than 6.7 million Galaxy 5G smartphones last year, the company has said. Separately, Huawei said last week that it shipped more than 6.9 million 5G phones in 2019.Roh will also assume responsibility for repairing the mobile division’s reputation. Under Koh’s leadership, Samsung suffered from major quality issues at least twice: In 2016, Samsung killed off the Note 7 for good after models tended to burst into flames. Last year, Samsung also had to delay the Galaxy Fold by several months after review models exhibited issues with displays that were easily peeled off. Those debacles were widely seen as a result of the company’s rushing phones to market to try and steal a march on Apple and Huawei.Away from smartphones, the chiefs of three key Samsung divisions -- semiconductors, consumer appliances and electronics and IT services -- remained the same. That ensures stability given vice chairman and heir apparent Jay Y. Lee is defending himself in court over graft allegations, raising the possibility of a potential leadership vacuum.Samsung also promoted several presidents in its latest restructuring including Kyungwhoon Cheun, who now heads networking.Read more: Behind Samsung’s $116 Billion Bid for Chip Supremacy(Updates with Roh’s age in the seventh paragraph)To contact the reporter on this story: Sohee Kim in Seoul at skim847@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Simply Wall St.
Should You Be Excited About Apple Inc.'s (NASDAQ:AAPL) 61% Return On Equity?
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
- Bloomberg
Bloomberg Would Require All New Cars To Be Electric: Campaign Update
(Bloomberg) -- The Democratic National Committee announced the rules to qualify for the next presidential debate in New Hampshire on Feb. 7.The six candidates who participated in the January debate in Iowa on Tuesday -- Joe Biden, Elizabeth Warren, Bernie Sanders, Pete Buttigieg, Amy Klobuchar and Tom Steyer -- have already made the cut for the forum at St. Anselm College outside Manchester hosted by ABC News, WMUR-TV and Apple News.To qualify under the new criteria, candidates must either meet polling and donor thresholds or have emerged from the Feb. 3 Iowa caucuses with at least one pledged delegate to the Democratic National Convention.The new rules require candidates to have 5% in four national polls approved by the DNC, or 7% in two early-state polls from New Hampshire, Nevada and South Carolina. They must also have contributions from 225,000 donors.Candidates have until the night of Feb. 6 to qualify. The New Hampshire primary is on Feb. 10.Sanders Leads in Emerson Poll of New Hampshire (3:27 p.m.)Bernie Sanders maintains his top spot in New Hampshire, less than a month before voters will cast their ballots in the first primary state, according to an Emerson College poll.Sanders is at 23%, followed by Pete Buttigieg at 18% and Joe Biden and Elizabeth Warren, both at 14%. The numbers were only slightly changed from an Emerson poll in November, and the order of the top four candidates remained the same. Sanders dropped 3 percentage points from the last poll and Buttigieg fell 4. Warren and Biden didn’t change.The biggest movement was for Amy Klobuchar, who had 10% support against 2% in November. Andrew Yang had 6%, followed by Tulsi Gabbard at 5% and Tom Steyer at 4%.Spencer Kimball, polling director for Emerson College, said even though Sanders is the front-runner, many of his supporters doubt he’ll be the ultimate winner of the state. “It appears his supporters are doubting that he will be the actual nominee, with only 49% expecting him to win the nomination,” Kimball said in a statement. “On the flip side, Joe Biden supporters are confident, with 87% thinking he will be the nominee.”The poll published Thursday was conducted Jan. 13-16 and had a margin of error of 3.8 percentage points. -- Emma KineryBiden Is Endorsed by Henry Cisneros (2:59 p.m.)He’s the former mayor of San Antonio, Texas, a former secretary of Housing and Urban Development and a high-profile Latino politician endorsing a 2020 candidate.No, not Julián Castro.With Castro on the campaign trail with Elizabeth Warren, Joe Biden is counter punching by announcing the endorsement of Henry Cisneros, who has almost the same political biography.Their career paths track so closely, you might even call Cisneros Castro’s doppelgänger, if Castro didn’t already have a twin. Cisneros was mayor of San Antonio in the 1980s, a position Castro held from 2009 to 2014. Cisneros served as HUD secretary under former President Bill Clinton while Castro had the job under Barack Obama.Biden also informally got the nod from another former HUD secretary, New York Governor Andrew Cuomo, back in January of 2019. -- Ryan Teague BeckwithBloomberg Would Require All Electric Vehicles (11:11 a.m.)Michael Bloomberg would require all new vehicles sold by 2035 to be electric with 15% of new trucks and buses pollution-free by 2030 as part of a plan to replace gas-powered vehicles and reduce emissions.The 2020 Democratic presidential candidate released a plan Friday addressing emissions from transportation -- now the largest source of carbon pollution -- that includes setting a national zero-emissions standard and offering rebates to help low- and moderate-income families buy electric vehicles or get vouchers for using transit.Bloomberg’s campaign didn’t say how much the initiative would cost or how it would be funded. It also didn’t provide funding details for other elements of his plan such as building more electric-vehicle charging stations, increasing investment in public transit and jump-starting high-speed rail.Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News. -- Mark NiquetteCOMING UP:The Democratic presidential candidates will debate again in New Hampshire on Feb. 7.The first-in-the-nation Iowa caucuses will be held Feb. 3. The New Hampshire primary is Feb. 11. Nevada holds its caucuses on Feb. 22 and South Carolina has a primary on Feb. 29.(Michael Bloomberg is also seeking the Democratic presidential nomination. He is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.)\--With assistance from Mark Niquette and Ryan Teague Beckwith.To contact the reporter on this story: Max Berley in Washington at mberley@bloomberg.netTo contact the editors responsible for this story: Wendy Benjaminson at wbenjaminson@bloomberg.net, Max Berley, Ros KrasnyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Why Nvidia (NVDA) Stock is a Strong Buy Ahead of 2020 Chip Growth
Nvidia shares have soared roughly 60% in the last year as part of a broader semiconductor market climb that has come despite an overall sales and earnings downturn. So is now the time to buy NVDA stock?
- Reuters - UK Focus
US STOCKS-Wall Street hits new highs in strongest week since August
Analysts expect earnings at S&P 500 companies to drop 0.8% in the fourth quarter, but forecast a 5.8% rise in the first quarter of 2020, according to Refinitiv IBES data. Billionaire David Tepper, who founded hedge fund Appaloosa Management, told CNBC that he remains bullish on U.S. equities. The Dow Jones Industrial Average rose 0.17% to end at 29,348.1 points, while the S&P 500 gained 0.39% to 3,329.62.
- Yahoo Finance
Consumers are starting to feel streaming fatigue, analyst says
As yet another streaming service enters the heavily saturated space, one Wall Street analyst says consumers might be starting to feel streaming fatigue.
- Zacks
Google Joins The Trillion-Dollar Club: Who's Next?
Google Joins The Trillion-Dollar Club: Who's Next?
- Zacks
Tech Daily: GOOGL, AMZN, AAPL, TSM, FB, MSFT
Alphabet's trillion dollar valuation, Amazon's India troubles and TSM's upbeat earnings announcement are the top stories in this daily.
- Zacks
Top STock Analyst Reports for Microsoft, American Express & Others
Top STock Analyst Reports for Microsoft, American Express & Others
- Reuters - UK Focus
US STOCKS-Wall Street strikes new high as housing data fuels optimism
Analysts expect earnings at S&P 500 companies to drop 0.8% in the fourth quarter, but forecast a 5.8% rise in the first quarter of 2020, according to Refinitiv IBES data. Billionaire David Tepper, who founded hedge fund Appaloosa Management, told CNBC that he remains bullish on U.S. equities. At 2:42 p.m. ET, the Dow Jones Industrial Average was up 0.08% at 29,321 points, while the S&P 500 gained 0.22% to 3,323.95.
