|Bid||0.00 x 2200|
|Ask||0.00 x 900|
|Day's range||139.52 - 140.28|
|52-week range||93.96 - 142.37|
|Beta (3Y monthly)||0.96|
|PE ratio (TTM)||27.58|
|Earnings date||23 Oct 2019|
|Forward dividend & yield||2.04 (1.46%)|
|1y target est||156.77|
Investing.com - Stocks pulled back slightly Monday after concerns emerged that the U.S.-China trade deal announced Friday might not be as solid as first thought.
IBM (IBM) is set to report their third quarter results after the closing bell on Tuesday, October 15th as Q3's earnings season gets underway this week.
Associate Stock Strategist Ben Rains dives into some of the latest U.S.-China trade war updates, including President Trump's optimism. We then look at three large-cap technology stocks to consider buying during Q3 earnings season. - Full-Court Finance
Investing.com – Apple (NASDAQ:AAPL) is once again the world's most value company, ahead of Microsoft (NASDAQ:MSFT), as shares rose Monday.
Today, China released its September trade data. The exports and imports were weaker than expected. President Trump’s tariffs have hit China’s exports.
(Bloomberg) -- U.S. antitrust enforcers have started an in-depth review of Google’s $2.6 billion planned acquisition of a data analytics company, a further sign of greater scrutiny on big technology companies, according to people familiar with the situation.The antitrust division of the Justice Department is seeking more information from Google and Looker Data Sciences Inc. related to the deal to determine whether the tie-up harms competition, said one of the people, who asked not to be named discussing private matters.Alphabet Inc.’s Google announced June 6 it planned to buy Looker for its cloud unit, which lags far behind Amazon.com Inc. and Microsoft Corp. with just 4% of the cloud-computing infrastructure market as of 2018, according to the most-recent figures from analyst Gartner Inc.The deal was expected to receive added regulatory scrutiny. The in-depth Justice Department review, known as a “second request,” comes as antitrust authorities start historic probes of Google and other large tech companies. One issue for enforcers is whether tech giants have used acquisitions of smaller firms to thwart rivals and cement their dominance. The U.S. Federal Trade Commission, which also enforces antitrust laws, is investigating whether Facebook Inc.’s purchases of Instagram and WhatsApp were anti-competitive.Representatives from Google, Looker and the Justice Department declined to comment.The Justice Department and a coalition of attorneys general made up of most U.S. states in the country have opened antitrust cases against Google. Those probes are mostly focused on the company’s dominant search and advertising businesses.Looker, closely held and based in Santa Cruz, California, provides tools that lets companies analyze their data stored in the cloud, a service that competes with offerings from Amazon and Microsoft. When Google announced the deal, its cloud chief, Thomas Kurian, said the company would continue to let Looker customers use other cloud providers. Google doesn’t share cloud sales.Google once spent lavishly on companies, dropping billions on device makers Motorola and Nest, as well as experimental tech like satellites and robots. More recently, the company’s acquisitions have mostly been relatively small deals in the cloud sector.It’s common for antitrust authorities to open in-depth investigations for sizable mergers, but more recently have faced criticism for allowing large tech companies to buy startups as a way to gain footholds in new markets. That charge has been aimed at Google after its takeovers of Waze, DoubleClick and YouTube. The Justice Department in July announced a broad antitrust review of the big internet platforms in search, social media and online retail.To contact the reporters on this story: Mark Bergen in San Francisco at firstname.lastname@example.org;Sarah McBride in San Francisco at email@example.com;David McLaughlin in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, ;Sara Forden at firstname.lastname@example.org, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- The partial U.S.-China trade agreement is a “game changer” for technology stocks, at least according to one analyst.The deal announced by President Trump in the last hour of trading on Friday points to “brighter days” in relations between the two countries and makes it unlikely the U.S. will follow through with the more than $160 billion in tariffs slated to take effect Dec. 15, Wedbush Securities analyst Daniel Ives said. Concerns around those tariffs have resulted in a 10% to 15% discount on U.S. technology stocks by his estimation and the removal could “unleash a ‘risk on’ scenario” into year-end.Technology stocks had rallied throughout Friday’s session on speculation that some form of trade agreement was near. The shares pared some of those gains as investors realized that several of the thorniest issues, including those related to Huawei Technologies Co., remain unresolved. Huawei, which was blacklisted earlier this year, is a major buyer of U.S. electronic components.The late pullback wasn’t enough to prevent Apple Inc. from closing at a record and overtaking Microsoft Corp. as the world’s most valuable company. Greater China accounted for about 17% of Apple’s revenue in the fiscal third quarter and is home to a key portion of its supply chain. The Philadelphia semiconductor index also notched a 2.3% gain for the session, its best performance in a month.To contact the reporter on this story: Jeran Wittenstein in San Francisco at email@example.comTo contact the editor responsible for this story: Catherine Larkin at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Apple Inc. shares closed at a record on Friday as investors looked past a year marked by turmoil from the U.S.-China trade war and uncertain demand for the iPhone, a product that Apple is moving away from, but which remains central to its business.The stock rose 2.7% to $236.21 in New York, exceeding the prior high set just over a year ago. The move made Apple the most-valuable U.S. company again, topping Microsoft Corp. Both have a market value of more than $1 trillion. Earlier, the U.S. and China agreed on the outlines of a partial trade accord.The record is the culmination of a pronounced rally throughout 2019, a year that started on a highly bearish note, as Apple cut its revenue outlook for the first time in nearly 20 years. That move, taken in response to a weak outlook for iPhones upgrades and China’s economy, took the stock to its lowest level since April 2017.Since then, however, shares have been on a nearly uninterrupted march higher, with the stock higher in seven of the past nine months, not including October’s month-to-date gain of about 4%. Apple has climbed more than 60% off its January low, returning its valuation back above $1 trillion.Just as Apple’s weakness in the fourth quarter of 2018 was largely driven by concern over iPhone demand, the 2019 recovery has come on an easing of those fears. CEO Tim Cook recently told the German newspaper Bild that he “couldn’t be happier” with the launch of Apple’s recently released iPhone 11, and it was reported in early October that Apple had told suppliers to increase production. Analysts, in turn, have been growing more positive on demand, while also anticipating that next year’s model -- expected to be the first 5G version -- will be a blockbuster.In other respects, Apple is a different company from when it was last trading at all-time highs a year ago. The Cupertino, California-based firm is reinventing itself as a services-based company, with such initiatives as streaming video, video games and a credit card. In another change, the historically high-end gadget-maker unveiled these new businesses and products at less-aggressive prices.Despite the new-found focus on services, the iPhone continues to be Apple’s keystone product. Nearly half of its third-quarter revenue came from the product, compared with the 21.3% that was derived from services.Apple is expected to report fourth-quarter results on Oct. 30. Analysts are looking for earnings of $2.84 a share on revenue of $62.9 billion, according to data compiled by Bloomberg. That represents a decline of 2.6% for earnings and flat sales growth.According to a Bloomberg MODL estimate, it will ship 41.9 million iPhones in the quarter, at an average selling price of $770.35. That would represent a year-over-year drop of 14.5% for shipments, and a 3.1% decline in average price.(Updates with closing shares in the second paragraph.)To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Brad OlesenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The 2020 holiday season will mark the onset of the next generation of console wars. According to Sony, that's when it will launch the PlayStation 5.
Microsoft (MSFT) shares have returned 0.5% over the past month. The return shows that the company is outperforming the US software industry's loss of 2.9%.
Stratolaunch Systems Corp, the space company founded by late billionaire and Microsoft Corp co-founder Paul Allen, said on Friday it was continuing operations after transitioning ownership, but did not name the new owner. The company, a unit of Allen's privately-held investment vehicle Vulcan Inc, had been developing a fleet of launch vehicles, including the world's largest aeroplane by wingspan, to send satellites and eventually humans into space. Allen, who founded Seattle-based Stratolaunch in 2011, died at age 65 in October.
Alphabet's (GOOGL) Google Cloud mobilizes its resources to increase headcount in LATAM. This augurs well for its deepened focus on solidifying footprint in the region.
With most blue-chip companies earnings scheduled over the coming weeks and sentiments being mixed, investors should closely monitor the movement of the Dow ETF and grab an opportunity that arises from a surge in any of the 30 stocks.
Investing.com – Markets rallied strongly for a third-straight day Friday after President Donald Trump tweeted that he had confidence a trade deal with China was close, although the market fell back slightly in the early afternoon.
All three major U.S. indexes jumped Thursday on the back of some positive U.S.-China trade war news. Even if a deal isn't reached anytime soon the semiconductor industry seems sure to be a solid long-term play...
Guidewire's (GWRE) elaborate partnership programs and collaborations are major growth drivers. Further, the acquisition of Cyence enhances its product suite.
(Bloomberg) -- Worldwide shipments of personal computers increased 1.1% in the third quarter from a year earlier, fueled by companies upgrading to Microsoft Corp.’s latest Windows software.PC shipments climbed to 68 million units in the period that ended Sept. 30, researcher Gartner Inc. said Thursday in a report. Lenovo Group Ltd., the China-based owner of the ThinkPad lineup of professional devices, held almost 25% of the global market, widening its lead against U.S. rival HP Inc.Computer makers have been concerned by the U.S.-China trade war and Intel Corp.’s chip shortage, but Mikako Kitagawa, a Gartner analyst, said neither played a major role in the third-quarter shipments. “The Windows 10 refresh cycle continued to be the primary driver for growth across all regions,” she said in a statement.HP, the global No. 2, continues to be the largest PC vendor in the U.S. The company has sought customers seeking more expensive machines, such as gaming enthusiasts, to boost profit margins. Dell Technologies Inc., which focuses on selling corporate PCs, rounded out the global top three while Apple Inc. held the fourth spot with 7.5% of the worldwide market.To contact the reporter on this story: Nico Grant in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Microsoft Corp. employees are circulating a letter supporting an effort to get its GitHub subsidiary to cancel a contract with the U.S. Immigration and Customs Enforcement agency, the latest effort among tech-company staff to influence corporate policy on government work.The letter reflects concerns that Microsoft’s sales to the agency implicate the software maker in the government’s detention of immigrants. On Wednesday, GitHub employees protested the renewal of a roughly $200,000 contract with ICE after GitHub Chief Executive Officer Nat Friedman released an email defending the decision.“As the parent company to Github, this contract with the U.S. Immigration and Customs Enforcement (ICE) makes all of us working at Microsoft complicit to the unethical detainment of tens of thousands of immigrants and the various abuses that ICE subjects them to,” read the letter, which was viewed by Bloomberg News. “Through our technology, we've already been contributing to the terrorism of ICE agents on our country's immigrant population. We've been doing so for years.” It then calls on GitHub and Microsoft to cancel the contract.The employees behind the letter asked to remain anonymous citing a fear of retaliation. Microsoft had no immediate comment.The letter marks another sign of tension between rank-and-file tech workers and software giants, including Microsoft rivals Amazon.com Inc. and Google, which are increasingly aiming for lucrative government contracts. Microsoft employees also circulated an earlier petition asking the company not to bid on a massive Pentagon cloud-computing contract, called JEDI, and against efforts to sell its HoloLens augmented reality goggles to the U.S. Army. Microsoft executives have said that the company will continue to supply tech to the U.S. military.The recent episode, however, is the first to involve GitHub, which makes a popular open-source software and has prided itself on a corporate culture that deifies programmers. The unit has its own management team and is run with some degree of independence from Microsoft.In his email, Friedman said that ICE was using software management tool GitHub Enterprise Server and not the company’s more hands-on consulting services. “We do not know the specific projects that the on-premises GitHub Enterprise Server license is being used with, but recognize it could be used in projects that support policies we both agree and disagree with,” he wrote in a note published Wednesday. Friedman also pledged the company will donate $500,000 to nonprofits that help immigrant groups hurt by the policies. Microsoft has been outspoken in its opposition to some of President Donald Trump’s immigration policies, including a travel ban that affects mostly muslim-majority countries. The company is a named plaintiff in the case opposing the termination of the federal Deferred Action for Childhood Arrivals program, which the Supreme Court will hear this term. Microsoft President Brad Smith received applause this week at a Seattle conference when discussing that stance.At the same time, the company is a large supplier of software to the U.S. government and is in contention not just for JEDI but for a second massive military contract called DEOS, which will provide email, calendar and collaboration tools. Earlier this week, Chief Executive Officer Satya Nadella spoke at the company’s Government Leaders Summit in Washington to tout work with the Interior Department and USDA. To contact the authors of this story: Mark Bergen in San Francisco at email@example.comDina Bass in Seattle at firstname.lastname@example.orgTo contact the editor responsible for this story: Molly Schuetz at email@example.com, Jillian WardFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.