Financial News

Welcome to our 24/7 rolling blog of curated financial news. Each content-item has been sourced from thousands of financial news websites and has been matched to a specific platform-based business either by direct mention.

21 Sep, 2019
‘Friends’ is celebrating its 25th anniversary, and the actress who played Rachel Green was way ahead of her time.
The 71st primetime Emmy Awards are on Sunday (Sept. 22) at 8pm eastern on Fox in the United States. HBO hopes the fantasy drama can win some big awards—namely its fourth best drama series trophy—to wash away the bad aftertaste from the show’s divisive finale. Emmy voters like to honor shows in their final years of eligibility, so don’t be surprised if Game of Thrones is the night’s big winner even if it doesn’t win the ultimate prize.
Tesla (TSLA) CEO Elon Musk is one of the most widely followed billionaires on Twitter. His love for Twitter is no secret.
While investors sift through the aftermath of the weekend attack that disrupted Saudi Arabia’s crude output, the Wall Street veteran who ran the world’s biggest tech fund during the dot-com days issued a stark warning for those looking to hitch their ride to the continued leadership of the tech sector. A near-term correction is “inevitable,” Paul Meeks says.
The company’s cloud-computing business isn’t get the respect it deserves, according to Baird Equity Research.
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FinancialContent
Will Microsoft keep outperforming Oracle over the next few years?
(Bloomberg) -- The U.S. will send a “moderate” number of American troops to the Middle East and additional missile defense capabilities to Saudi Arabia in response to last weekend’s attack on oil facilities, top Pentagon officials said.Secretary of Defense Mark Esper said Friday that the decision came at the request of Saudi Arabia and the United Arab Emirates and represented a “first step” in the U.S. response. He reiterated U.S. statements that evidence collected to date shows Iran was responsible for the attacks. The briefing by Esper and General Joseph Dunford, chairman of the Joint Chiefs of Staff, followed a meeting of national security officials at the White House.“Iran is waging a deliberate campaign to destabilize the Middle East,” Esper told reporters at the Pentagon. He added that the U.S. has shown “great restraint” in responding so far, but called the strike on Saudi Aramco facilities on Saturday a “dramatic escalation.”Esper and Dunford are still deciding on the specific number of troops and weapons systems but said the personnel deployment will be relatively small, not numbering in the thousands, and that more details would be forthcoming.In addition to the U.S. missile defense assistance, Esper said “we are calling on many other countries who all have these capabilities to do two things -- stand up and condemn these attacks” and also contribute equipment.U.S. and Saudi analyses of the attack have described the strike as complex, involving a mix of low-flying drones and cruise missiles coming from the north. The attack exposed glaring vulnerabilities in Saudi Arabia’s defense capabilities despite having spent hundreds of billions of dollars on weaponry in recent years.Swarms of Drones“There’s an international action led by the U.S. and in coordination with the Saudi kingdom to protect the navigation in the gulf and the Arabian sea,” Saudi Arabia’s Minister of State for Foreign Affairs Adel Al-Jubeir said in a news conference in Riyadh on Saturday. This way “tankers and oil supplies are not subject to any complications from Iran,” he said.Saudi Arabia has already taken delivery of Patriot-3 hit-to-kill missiles bought years ago to defend against cruise and ballistic missiles. The kingdom earlier this year finalized a long-sought after contract for Lockheed Martin Corp.’s Thaad missile interceptors designed to intercept ballistic missiles at higher altitudes. It’s not known whether any Thaad batteries have been delivered.“No single system is going to be able to defend against a threat like” the combination of systems launched against Saudi Arabia last week, Dunford said. “But a layered system of defensive capabilities would mitigate the risk of swarms of drones or other attacks that may come from Iran.”U.S. Secretary of State Michael Pompeo, who has repeatedly said Iran was responsible for the attack, returned early Friday from a two-day trip to Saudi Arabia and the U.A.E., saying he wanted to begin building a coalition that would organize a response to Iran.During a news conference earlier on Friday, President Donald Trump signaled he’s trying to avoid a military conflict. Trump campaigned in 2016 on getting the U.S. out of Mideast conflicts and he’s repeatedly criticized the second U.S. invasion of Iraq.“I will say I think the sanctions work, and the military would work,” Trump told reporters. “But that’s a very severe form of winning.”On Friday the Treasury Department announced it is sanctioning Iran’s central bank and sovereign wealth fund, a move aimed at squelching any remaining trade the country conducts with Europe and Asia.The Blame GameIranian Foreign Minister Mohammad Javad Zarif warned that any U.S. or Saudi strike on his country in response to the attacks on the kingdom’s critical oil facilities would lead to “all-out war.”“I know that we didn’t do it,” Zarif told CNN. “I know that the Houthis made a statement that they did it.”Zarif later said in a post on Twitter that it was “curious” the Saudis “retaliated” against Yemen when Iran was blamed for the attacks. “It is clear that even the Saudis themselves don’t believe the fiction of Iranian involvement.”Yemeni Shiite Houthi rebel leader Mahdi al-Mashat announced Friday the halt of drone and ballistic missile attacks on Saudi Arabia. He also called on the Saudi-led coalition to lift the blockade on the port of Hodeidah and reopen Sana’a International Airport.“We judge other parties by their deeds and actions and not by their words,” Saudi Arabia’s Al-Jubeir said.(Updates with comments from a Saudi official in the seventh and last paragraphs.)\--With assistance from Dana El Baltaji, Donna Abu-Nasr and Salma El Wardany.To contact the reporters on this story: Tony Capaccio in Washington at acapaccio@bloomberg.net;Glen Carey in Washington at gcarey8@bloomberg.netTo contact the editors responsible for this story: Bill Faries at wfaries@bloomberg.net, Kevin WhitelawFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Not surprisingly, technology is where it's at today.
Although Airbnb is another overgrown upstart in the space-sharing business, its initial public offering, targeted for 2020 according to the company on Thursday, may succeed in many of the ways WeWork’s is failing.
Apple Inc.’s new iPhones have great cameras and battery life, but the key question remains whether consumers will deem them worth an upgrade.
Shares of Roku Inc. plunged Friday, putting them on track for their worst-ever weekly performance, as investors continued to express concern over increasing competition and an extreme valuation.
Salesforce.com (CRM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Seems like a majority of us can be tough to shop for -- and we know it.
From early on, Instagram has portrayed a world that is slightly altered, depending on the user’s mood. The advent of influencers boosted the app’s highly-edited look, bringing to feeds professional-grade photos, sculpted and meticulously posed. First came “finstas,” or “fake Instagrams,” accounts where users—mainly teens—would post more candid photographs, reflecting the messier parts of their lives.
BARRONS NEXT HOT STOCKS Apple’s newest iPhones are here. Should you buy one? That is what reviewers have asked since the company announced the (AAPL) (ticker: AAPL) iPhone 11, 11 Pro, and 11 Pro Max—which start at $699, $999, and $1,099, respectively—earlier this month.
Amazon’s automated convenience store became a meeting point—physically and philosophically—for climate and labor protesters on Friday.
The U.S. is pressing for changes to the Universal Postal Union. It’s, er, part and parcel of the Trump administration’s push to level the playing field for trade with China.
General Joe Dunford, chairman of the joint chiefs, and Mark Esper, defence secretary, said Donald Trump ordered the deployments after requests from Saudi Arabia and the United Arab Emirates. Mr Esper said they would be “defensive in nature, and primarily focused on air and missile defence”. One official said the troops would only be sent to Saudi Arabia.
Apple is fighting at a buy point, but Facebook, Amazon, Netflix and Google have been MIA in the current stock market rally.
Apple is fighting at a buy point, but Facebook, Amazon, Netflix and Google have been MIA in the current stock market rally.
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FinancialContent
By Justin Spittler Circle November 6 on your calendar. That day, one of America’s most controversial disruptor stocks will likely get crushed. If history’s any indication, it could easily plunge 10% or even 15%. Rumors will fly that the company is going out of business. But if you know what’s...
With its market capitalization cut by $119 billion on Jul. 26, 2018, social media giant Facebook Inc. (FB) became the largest company to see a one-day decline in its stock price wipe more than $100 billion from its market cap. Facebook’s stock plummeted from $216 a share on Jul. 25, 2018, to $176 the next day. Closely following Facebook is the leading chipmaker Intel (INTC), which lost more than $90 billion on Sept. 22, 2000.
The United States and India are racing to negotiate a limited trade deal that U.S. President Donald Trump and Indian Prime Minister Narendra Modi can sign at the United Nations General Assembly in New York at the end of September, people familiar with the talks said
It's easy to blunder when shopping -- and it's costly, too. Learn to avoid these errors and you may save thousands of dollars.
Apple's aggressive $4.99 price point and one-year free trial mean that TV+ is virtually guaranteed to be in the streaming rotation for many cord-cutters in the short-term, and buys it time to iterate in the long term.
Facebook says it has identified thousands of problematic apps and developers following an investigation in the wake of the Cambridge Analytica scandal last year.
Apple's game-subscription service doesn't have many big-budget titles for now. But it's priced aggressively, has some quality titles and comes without ads or in-game purchases.
Donatella Versace helped build the internet, and now she might just “break” it. to walk the runway in an updated version of the jungle print dress the star wore to the Grammys in 2000. The story behind the original Versace dress is that millions of people went online after the event to search for images of the singer wearing it, making it the most popular search query Google had seen at the time.
The Repo Market, a market seldom discussed under any circumstances, set the stage for this week's Fed meeting and all things to come.
(Bloomberg) -- Prime Minister Narendra Modi arrives in the U.S. a day after delivering a $20 billion tax-cut stimulus for companies, which strengthens his pitch to American chief executives about the ease of doing business in India.His government on Friday cut corporate taxes to rival some of the lowest in Asia, helping India compete with the likes of Vietnam and Indonesia to attract investments. When Modi meets energy company CEOs in Houston Saturday, he’s expected to tout the trimmed rates.New companies setting up operations from Oct. 1 will pay an effective rate of 17.01% as tax, about the same as in Singapore.“Having fresh economic reforms to attract business gives him a stronger story,” said Richard Rossow, senior adviser at the Washington-based Center for Strategic International Studies. “These tax cuts will help India rebuild its image as an investment destination.”The cropped tax rates are the latest in a series of steps announced by the government, including easier foreign investment rules for companies from Apple Inc. to Huawei Technologies Co. to BHP Group Plc, to revive economic growth from a six-year low. While Indonesia too plans to lower tax on corporates, Vietnam is by far the biggest winner in the region from trade diversions caused by the U.S.-China spat.“The lower tax on new manufacturing facilities makes India very competitive among emerging markets,” said Dinesh Kanabar, chief executive officer at Mumbai-based Dhruva Advisors LLP. “This would give out a very positive signal to those that are contemplating investing in India.”That view was echoed by Anand Mahindra, chairman of India’s Mahindra and Mahindra Ltd. Modi will be addressing the Bloomberg Global Business Forum Sept. 25, that will see participation from 40 major companies, including Lockheed Martin Corp., American Tower Corp., Mastercard Inc. and Walmart Inc.India got $3 billion in foreign direct investment from American companies last year, making it the fourth largest investor in the $2.6 trillion economy.India recently combined 10 state-run banks to form four large lenders and, while the move falls short of the privatization several investors seek, it gives him something more to tout after his attempts to reform land and labor laws in the previous term failed.‘Howdy Modi’Modi is also scheduled to address an Indian diaspora event -- ‘Howdy Modi!’ -- in Texas, where he will be joined by U.S. President Donald Trump.India and the U.S. are also working toward easing trade tensions, including a possible withdrawal of some disputes from the World Trade Organization, ahead of a meeting between the two leaders.The U.S. has called on India to remove what Commerce Secretary Wilbur Ross earlier described as “unfavorable treatment” to some American companies such as Walmart and Mastercard.“But taxes are not often listed as a primary reason firms have not invested more heavily in India,” said Rossow. “Other reforms remain quite important such as easing land acquisition rules, reducing onerous labor regulations, lifting remaining FDI restrictions, and lowering trade barriers.”\--With assistance from Nupur Acharya.To contact the reporters on this story: Archana Chaudhary in New Delhi at achaudhary2@bloomberg.net;Vrishti Beniwal in New Delhi at vbeniwal1@bloomberg.netTo contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, ;Ruth Pollard at rpollard2@bloomberg.net, Karthikeyan Sundaram, Jeanette RodriguesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The market fell and snapped a 3-week win streak after the major indices flirted with fresh record highs.
It's about the long term, but probably not the way you think.
It’s tough to make money as an Uber or Lyft driver. But there could be a better way to do better as a driver by reducing the cost of car ownership.
20 Sep, 2019
U.S. trade regulators on Friday approved 10 out of 15 requests for tariff exemptions filed by Apple Inc amid a broader reprieve on levies on computer parts, according to a public docket published by the U.S. Trade Representative and a Federal Register notice.
A slide in markets Friday, after a low-level Chinese delegation abandoned plans to visit the Montana farmland. That was enough to spark fear among investors that trade talks between the U.S. and China aren't going well, despite reassurances from President Trump, who said negotiations were ongoing. The Dow slid 159 points, while the S&P 500 and Nasdaq moved lower. It was a busy day for Facebook. CEO Mark Zuckerberg wrapped up his three-day trip to Washington, but there were few indications he won over anyone on Capitol Hill. Lawmakers are mulling over the idea of tightening the regulatory screws. Mercadien Asset Management President Ken Kamen. SOUNDBITE (ENGLISH): MERCADIEN ASSET MANAGEMENT PRESIDENT KEN KAMEN, SAYING: "Zuckerberg is on capitol hill to almost beg for the industry's benefit to start getting some regulations so they can get guardrails to know what they can and cannot do. Because now there are so many things that social media is changing in our society, in the world, in our economics, how we live or lives, and you can throw a dart and hit anything that they are doing wrong. So I think that the industry in general is looking to get some guidelines." Facebook is grappling with federal and state investigations over numerous issues ranging from anti-competitve behavior to privacy concerns. On that issue, Facebook announced it has suspended tens of thousand of apps as a result of the probe it's been conducting since the Cambridge Analytica scandal revealed it handed over users' data without permission. Walmart has decided to stop selling e-cigarettes and vaping products at its stores, according to an internal email seen by Reuters. Vaping products have come under scrutiny after reports of vaping-related illnesses and some deaths.
Trade war hints sparked selling by nervous traders, but the financial sector held onto its upward trend.
If you had purchased 10 shares of Apple at its IPO price of $220, you would be looking at a payoff of over $100,000. Here's a breakdown of the company's growth and stock splits.
Cupertino is reportedly looking to bring a cheaper device to market.
Alphabet Inc.'s YouTube ditched massive changes to its verification system Friday afternoon following a backlash from creators who use the video platform. "While rolling out improvements to this program, we completely missed the mark," a blog post released by the Google service on Friday reads. "We're sorry for the frustration that this caused." Specifically, YouTube will not make all creators appeal to keep the badge that signifies verification if they already have it. YouTube will also maintain rules allowing any channel with more than 100,000 subscribers to apply for verification; the service had announced plans to change the standard for verification to one that "prioritizes verifying prominent channels that have a clear need for proof of authenticity." YouTube still plans to change the appearance of the verification badge, though that change has been pushed back to next year.
Amazon Web Services upped its education ante Friday with a cloud curriculum for select Virginia schools and colleges.
The apps were associated with 400 unscrupulous third-party developers.
The move by U.S. officials could make it easier for both Apple and small makers of gaming computers to assemble devices in the United States by lowering the costs of importing parts. Apple did not say why it requested the exemptions, but the requests were for components such as partially completed circuit boards. Apple manufactures its Mac Pro computers in Texas, making the machine immune from tariffs, but such intermediate parts were subject to the levies.
Netflix boosts its content portfolio with the new show. We highlight the ETFs that can gain from this move.
U.S. trade regulators on Friday approved 10 out of 15 requests for tariff exemptions filed by Apple Inc .
Sep.20 -- Dan Ives, Wedbush Securities analyst, and Bloomberg Businessweek's Max Chafkin discuss consumer enthusiasm over Apple Inc.'s iPhone 11 hitting stores. They speak with Bloomberg's Taylor Riggs on "Bloomberg Technology."
Visibility tracking has become the expectation in the supply chain, but even as carriers and shippers acknowledge the bottom-line ...
Top tickers for end of day: MDR, BAC, AAPL, T, MSFT, FB.
Hundreds of workers from Google, Amazon and other technology companies on Friday joined climate-change marches in San Francisco and Seattle, saying their employers had been too slow to tackle global warming and needed to take more drastic action.
(Bloomberg) -- Steve Schwarzman has doubts. So does Larry Ellison.And so, too, do the growing numbers of Wall Street bankers and investors who are all anxiously awaiting the next move by WeWork and its brash co-founder, Adam Neumann.Neumann was a no-show this week for a long-planned appearance at a SoftBank Group Corp. three-day retreat in Pasadena, California, according to people familiar with the the matter, a further sign that company executives are hunkering down. Once the WeWork initial public offering was postponed late Monday, organizers knew Neumann’s presence would be iffy, the people said. His planned appearance was rescheduled from the first day of the event at the Langham hotel to the last and then canceled altogether.In short order Neumann’s office-sharing company has gone from a get-rich story to a you’ve-got-to-be-joking melodrama -- from WeWork to WeWait to, now, WeWorry.It was a brutal week. First, WeWork’s parent company, We Co., finally conceded that its grandiose plans for going public would have to wait.Then Schwarzman, one of the most powerful figures on Wall Street, threw shade on the company’s hoped-for valuation, which has already collapsed from upwards of $60 billion to $15 billion -- or lower.“I sort of went, what? How do you get this?” Schwarzman, the head of private equity giant Blackstone Group Inc., said of the early numbers Wednesday at a luncheon in New York. Ellison, chairman of Oracle Corp., went further, according to Barron’s. He told a group of entrepreneurs at his San Francisco home that day that WeWork is “almost worthless.”And it only gets worse. In London, two deals for major office buildings that are largely leased out to WeWork started to fray. Back in its hometown of New York, the company made a small round of job cuts. And the Wall Street Journal, examining WeWork’s over-the-top culture, reported that Neumann and his friends smoked marijuana on a private jet en route to Israel last summer -- and left a chunk of the drug behind, spurring the plane’s owner to summon it back.If all that weren’t enough, Neumann’s own bankers were getting antsy: They were looking to revise a $500 million credit line secured by WeWork stock -- an acknowledgment that those shares appear far less solid than they used to.New RisksAnd, by Friday, Wendy Silverstein, a big name in New York commercial real estate who joined WeWork last year as head of its property investment arm, had left the company. She’s spending time caring for her elderly parents.Even the president of the Federal Reserve Bank of Boston was adding to the angst. In a speech Friday in New York, Eric Rosengren warned that the proliferation of co-working spaces might pose new risks to financial stability.A WeWork representative declined to comment on Neumann’s canceled appearance at the SoftBank conference, citing the pre-IPO quiet period. SoftBank also declined to comment.Rarely has so much gone so wrong so fast for a young company in the spotlight. Neumann has begrudgingly agreed to cede some of his powers. The question now: Will that be enough?“I’ve never seen a company of this size and scale generate such a consensus of negative opinion in my long, long life of following IPOs,” said Len Sherman, a Columbia Business School adjunct professor whose 30-year business career included time as a senior partner at consulting firm Accenture Plc. “There is no box that they haven’t ticked when you think of all the reasons that you might be very concerned -- like blaring red lights. Like, oh my gosh, caution, danger, danger.”WeWork now hopes to go public next month. But even that may be optimistic. Neumann, also We Co.’s chief executive officer, has to persuade investors that his company -- which has raised more than $12 billion since its founding and never turned a nickel of profit -- is worth billions on the stock market.Deadline LoomsTime is short. WeWork must complete its IPO before the end of the year to keep access to a crucial $6 billion loan.The company’s $669 million of bonds due in 2025 have dropped 5 cents this week to 97.75 cents on the dollar as of Thursday, according to the Trace bond-price reporting system.A few hours after the Journal story hit Wednesday, investors at a Goldman Sachs Group Inc. conference in New York heard from Snap Inc.’s Evan Spiegel -- Neumann’s predecessor as a celebrated startup founder whose behavior and company control attracted unflattering attention as the unicorn went public in 2017.He was asked what advice he’d give to founders looking to become CEOs of companies that have to answer to shareholders. His answer:“Don’t go public.”(Updates with CEO’s canceled appearance in third paragraph.)\--With assistance from Gillian Tan, Matthew Boesler and Sarah McBride.To contact the reporters on this story: Ellen Huet in San Francisco at ehuet4@bloomberg.net;Scott Deveau in New York at sdeveau2@bloomberg.net;Gwen Everett in New York at geverett10@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, David Gillen, Daniel TaubFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Fears of congestion and a powerful taxi lobby have long kept ride-hailing apps out of transit-friendly Vancouver, British Columbia. That’s about to change.  
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Yahoo! Finance
Snapchat is making a comeback in a big way with a resurgence in user growth and ARPU's continuing to raise.
Nike (NKE) is set to report its first-quarter fiscal 2020 financial results after the closing bell on Tuesday, September 24. So let's see what investors should expect from the sportswear powerhouse...
By Gabriella Borter, Fabrizio Bensch and Patpicha Tanakasempipat
(Bloomberg) -- Facebook Inc. Chief Executive Officer Mark Zuckerberg’s Washington charm offensive appeared to ease tensions between the social media giant and U.S. lawmakers critical of its business practices.Most lawmakers described their meetings with the CEO as productive even as they called for new regulations on tech companies that they said would improve users’ experiences and industry competition.“It was a positive and robust discussion on privacy,” Representative Greg Walden, an Oregon Republican, said Friday after his meeting. “They committed to working with the Congress on a strong, nationwide privacy law.”In addition to Walden, Zuckerberg also met on Friday with House Minority Leader Kevin McCarthy and Doug Collins, a Georgia Republican on the Judiciary Committee. He sat down with House Intelligence Chairman Adam Schiff, a California Democrat, and House Judiciary Chairman Jerry Nadler, a Democrat whose committee is investigating the technology industry.On Thursday, Zuckerberg met with President Donald Trump at the White House, according to a Facebook spokesman. Trump’s son-in-law and senior adviser, Jared Kushner, was there along with Dan Scavino, the president’s social media director, Bloomberg reported. Trump later tweeted that it was a “nice meeting.”Zuckerberg spent the past three days defending Facebook’s practices to some of his harshest critics, who say the company isn’t taking strong enough action to prevent voter manipulation on the platform ahead of the 2020 presidential election. They also criticize the company’s handling of user data and treatment of conservative voices on its platform.On Friday, Facebook announced it had suspended “tens of thousands” of third-party apps that were using the company’s developer tools as part of a review the company started following the Cambridge Analytica privacy scandal last year. In response to the growing scrutiny of its platform, Zuckerberg has called for adoption of baseline regulations governing privacy and harmful content online.The prospects that a federal privacy law will pass before the end of 2020 remain low, even though Republicans and Democrats alike say they are negotiating terms of potential legislation.Antitrust PanelZuckerberg on Friday met with Nadler of New York as the Judiciary antitrust subcommittee is investigating competition issues in the technology industry. Last week, the panel sent a letter to Facebook seeking information about its acquisitions as well as communications from Zuckerberg and other executives.Democratic Representative David Cicilline, chairman of the panel’s antitrust subcommittee, said he had a “productive meeting” with Zuckerberg.“It was an opportunity to reaffirm the bipartisan nature of the investigation -- the fact that the chairman and I and our Republican colleagues are very united in this effort,” Cicilline said. “Mr. Zuckerberg made a commitment to cooperate with the investigation.”‘A Wall’A day earlier, Zuckerberg had a testier exchange with Republican Senator Josh Hawley over his company’s record on privacy and safeguarding user data. Hawley said he told Zuckerberg that Facebook should be subject to independent audits of its content reviews and that there should be “a wall” between Facebook and its other platforms, and Zuckerberg said no.“I said to him, ‘Prove that you are serious about data, sell WhatsApp, and sell Instagram.’ That’s what they should do,” Hawley told reporters after a Thursday meeting. “I think it’s safe to say he was not receptive to those suggestions.”Zuckerberg’s visit to the capital also included a dinner on Wednesday with Virginia Senator Mark Warner, the top Democrat on the Intelligence Committee, and Senator Richard Blumenthal, a Connecticut Democrat, along with other lawmakers.The executive didn’t appear to be meeting with government officials conducting other inquiries. The Federal Trade Commission has opened an antitrust probe of the company, and New York is leading a coalition of states in a wide-ranging investigation of the social media giant. In July, Facebook agreed to pay $5 billion to settle FTC allegations it violated users’ privacy.\--With assistance from Steven T. Dennis, Billy House and Daniel Flatley.To contact the reporters on this story: Naomi Nix in Washington at nnix1@bloomberg.net;Daniel Stoller in Washington at dstoller1@bloomberg.net;Rebecca Kern in Washington at rkern21@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Steve Geimann, Laurie AsséoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Apple Inc. gained U.S. approval to avoid tariffs on Chinese imports for the upcoming Mac Pro computer, even though President Donald Trump indicated the company’s waiver requests would be rejected.Ten of Apple’s 15 requests for exclusions from 25% duties have been approved, according to the U.S. Trade Representative’s office. Customs and Border Protection determined it can administer the waiver from the levies when the goods enter the U.S. On Thursday, Apple’s request to win exemptions for the components had moved to an advanced stage in the approval process.Trump had signaled that relief from tariffs would be rejected, saying in a July 26 tweet that “Apple will not be given Tariff waiver, or relief, for Mac Pro parts that are made in China. Make them in the USA, no Tariffs!”But the president later told reporters “we’ll work it out” and that “I think they’re going to announce they’re going to build a plant in Texas.”Bloomberg reported in June that Apple was shifting production of its new Mac Pro to China from a facility in Texas. The Cupertino, California-based company hasn’t suggested there are plans for new factories in the state, though Apple has said it will expand its local headquarters there.Apple’s requests involved goods that are part of $200 billion in Chinese products hit with tariffs last September. Trump increased the duty on that batch to 25% from 10% in May. The rate is due to rise to 30% on Oct. 15, including on another $50 billion of goods also hit last year.Trump ordered duties on about $300 billion of essentially all remaining Chinese imports starting Sept. 1, but he delayed imposition on some consumer products until Dec. 15. Apple has said those duties would affect nearly all of its major products, including iPhones, iPads, MacBooks, Apple Watches, AirPods and the iMac.Apple had so far asked for exclusions on Mac Pro parts and accessories, as well as its Magic Mouse and Magic Trackpad. Requests for tariff relief for the overall exterior enclosure, the Magic Mouse and Magic Trackpad and some key internal components for the Mac Pro have been approved, while requests for wheels and other components are still under a substantive review by the USTR.Exclusion decisions are based on whether a product is available only from China, is strategically important or related to Chinese industrial programs, and whether duties will “cause severe economic harm” to the company or U.S. interests, the USTR has said.In its 15 requests for exclusions posted July 18, Apple said the devices or components are not related to Chinese industrial programs -- and that “there are no other sources for this proprietary, Apple-designed component.”To contact the reporters on this story: Mark Niquette in Columbus at mniquette@bloomberg.net;Mark Gurman in San Francisco at mgurman1@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Andrew Pollack, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Steelcase rose on strong results and Apple's iPhone 11 hit stores.
Jeff Bezos announced that Amazon had placed an order of 100,000 electric delivery vans from Michigan-based startup Rivian.
"It’s times like these that I think about the phrase 'it’s not personal, it’s just business.'"
Facebook CEO Mark Zuckerberg wrapped up three days of discussions with Washington movers and shakers on Friday, with few if any indications he had won new "friends" to help the top social media company deal with multiple probes by Congress, state attorneys general and federal regulators.
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of what's inside the iPhone 11 Pro Max. Today, we'll look at that and other Apple Rumors for Friday.Source: Mykola Churpita / Shutterstock.com iPhone 11 Pro Max Teardown: A teardown of the iPhone 11 Pro Max shows off the components inside the smartphone, reports MacRumors. The most interesting thing found inside the iPhone has to do with bilateral charging, which could let users charge other devices with the iPhone. This includes components inside the device that would possibly allowing for this feature. However, users can't make use of these components yet. Despite this, it's possible a future update may allow for bilateral charging.Smart Battery Case: Apple may be planning to release smart battery cases for the iPhone 11 line, 9to5Mac notes. Speculation around such cases comes after details for them were found in iOS 13 code. This code suggests that smart battery cases for all three iPhone 11 models may be on the way. Now we just have to wait and see when, and if, AAPL will release them.InvestorPlace - Stock Market News, Stock Advice & Trading TipstvOS 13 GM: Apple is sending out the tvOS 13 GM beta to developers, reports AppleInsider. This version of tvOS 13 is the final one made available to testers before the official launch takes place. The "GM" in the name stands for gold master. Unless a horrible bug is found, this version of tvOS 13 is likely what will come out to the public later this month.Subscribe to Apple Rumors As of this writing, William White did not hold a position in any of the aforementioned securities.The post Friday Apple Rumors: iPhone 11 Pro Max Contains Bilateral Charging Components appeared first on InvestorPlace.
Uber Technologies Inc sued New York City on Friday, seeking to void a new rule limiting how much time its drivers can spend cruising streets in busy areas of Manhattan without passengers, saying it threatens to undermine the company's ride-sharing model.
Shares of Fitbit jumped Friday following reports that the wearable-tech company was “exploring a sale” with the help of an investment bank.
Find out what's happening in the streaming video world that's making shareholders anxious.
A look at the global value screener record in light of Apple’s iPhone 11 launch Continue reading...
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FinancialContent
The maker of wearable fitness devices is reportedly weighing whether to put itself up for sale.
(Bloomberg) -- Apple Inc.’s latest iPhone models hit the stores on Friday, in a test of whether better cameras and longer battery life will be enough to lure buyers ahead of a much bigger redesign next year.The new line of hardware, including three new phones and an updated Apple Watch and iPads, was introduced on Sept. 10 and customers were able to place preorders last week to either be delivered or picked up in stores today. Long lines snaked around Apple’s flagship on Fifth Avenue in Manhattan as people waited to get in to the gleaming glass cube and descend to the underground space, which as been under renovation for two years and emerged Friday bigger and brighter. Apple Chief Executive Officer Tim Cook was on site for the opening and stood out on the store’s plaza across from Central Park taking selfies with fans.Sam Sheffer had already picked up his green iPhone 11 Pro in Manhattan’s SoHo store Friday morning, waiting in line for less than five minutes. But he went uptown to see the new store and potentially get a glimpse of Cook.“For me, a die-hard enthusiast, I wouldn’t be able to live knowing there was an iPhone I didn’t have,” Sheffer said.Apple shares declined 1.5% to close at $217.73, valuing the company at almost $984 billion.Apple’s latest iPhone faced some hurdles heading in to its annual revamp. Sales of the iconic smartphone have declined in the past three quarters, as prices crept above $1,000 and people hung on to their current models longer. A lack of revolutionary features on this year’s model could keep some fans holding out until 2020, when significantly faster 5G networks and a revamped design will open up new possibilities with the phone. At the same time, a trade war between the U.S. and China is also starting to take a toll.But some early reports from analysts pointed to encouraging signs for Apple. “Demand looks strong out of the gates for Apple as the lines at its flagship NYC store were up about 70% today compared to what we saw last year,” Dan Ives, an analyst at Wedbush Securities wrote in a note to investors. Having talked to customers in line, Ives said there was “strong demand for the base iPhone 11 as well as the 256GB iPhone 11 Pro in both the space grey and gold colors.” Ives said another positive sign for Cupertino, California-based Apple is that the lines were “unwavering into the afternoon.”Apple set the base model price at $699 for the iPhone 11, down from the iPhone XR’s $749 price last year and below some analysts’ expectations. That might help attract some first-time buyers to its expanding entertainment and services ecosystem.Rosenblatt Securities Inc. said it’s seeing “some new model production increases for September and October for the new iPhone models.” Jun Zhang, an analyst at Rosenblatt, wrote that the firm now sees volume increasing by 3 million to 5 million units more than earlier expectations, to 68 million to 70 million units.It may come as a disappointment to those waiting on line on Fifth Avenue, but if they haven’t preordered their phone, they could face a two-to-three week wait, according to Zhang. That’s a longer wait time than the one-to-two weeks for last year’s iPhone XR, but, “there is a lot of inventory at other retailers,” Zhang said.Longbow Research analyst Shawn Harrison said Apple could be seeing a “potential higher floor in iPhone demand,” and that “initial iPhone search trends are positively surprising.”Lines outside Apple stores around the world were typically shorter or non-existent this year, but tourists and customers thronged the Fifth Avenue location. Daniel Akinsulire found himself stuck deep in line on 58th Street, waiting to pick up phones for his family. “I didn’t know it would be this packed,” he said. “I might be late for work.”(Updates with analyst comment in seventh paragraph.)To contact the reporters on this story: Molly Schuetz in New York at mschuetz9@bloomberg.net;Kiley Roache in New York at kroache@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
* Indexes end: Dow -0.59%, S&P 500 -0.49%, Nasdaq -0.80% (New throughout, updates prices, market activity and comments to close)
Twitter announced account suspensions across six countries that the company said were actively spreading misinformation and encouraging unrest in politically sensitive regions worldwide.
(Bloomberg) -- Tens of thousands of people around the world demonstrated to demand action on climate change as a global movement backed by 16-year-old environmental activist Greta Thunberg got under way Friday.Students skipped school and workers walked off jobs to participate in the rallies. In a central Sydney park, protesters held up homemade signs with slogans such as “You’re Burning our Future” and “There Is No Planet B.” In Berlin, demonstrators gathered by the landmark Brandenburg Gate, just a few steps from where Chancellor Angela Merkel’s government hammered out a 54 billion-euro ($60 billion) climate-protection package.Thousands gathered in New York, Toronto, Johannesburg, Warsaw and many more cities around the globe -- eager to add their voices to a movement fueled by youthful angst about rising temperatures.“This is about the future of our planet,” said Laura Lazzarin, an Italian national living in Berlin who joined demonstrators near the Brandenburg Gate. “We can’t go on like this, and politicians must realize that.”GlobalClimateStrike in London are urging political leaders to take action on the climate crisis CoveringClimateNow pic.twitter.com/2uCxa7jBLp— Bloomberg TicToc (@tictoc) September 20, 2019 Protesters joining the Global Climate Strike movement want governments to treat global warming as an emergency, slash subsidies for fossil fuels, and switch economies to 100% renewable energy as soon as possible. They’re part of a worldwide series of demonstrations that organizers say will take place in 150 countries on Friday and on Sept. 27.“As we deal with devastating climate breakdown and hurtle towards dangerous tipping points, young people are calling on millions of us across the planet to disrupt business as usual by joining the global climate strikes,” according to a statement on the organizers’ website.The movement has taken hold in Europe, where climate has been catapulted to the top of the political agenda. The European Union should walk away from fossil fuels, the bloc’s energy chief told Bloomberg TV this week after a record spike in oil prices. A total of 93% of Europeans see global warming as a serious problem, according to a recent survey by the European Commission.In front of the Brandenburg Gate, three protesters dressed in black stood on top of melting ice blocks with nooses around their necks as hundreds of people gathered around them, carrying home-made placards, blowing whistles and chanting “We are here, we are loud, because you’re stealing our future.”In Paris demonstrators -- a large number of whom were students -- marched from Place de la Nation, carrying placards with slogans like “our house is on fire” and “time to act.”In Poland, home to 33 of the EU’s 50 most polluted cities, more than 60 climate protests were held Friday. At the biggest gathering in Warsaw, more than a thousand demonstrators called for the government to curb its dependence on coal, which is burned to produce more than 80% of the country’s electricity.PrayforAmazon. We should stop buying the beef that's being imported from Brazil to Hong Kong."Climate activists gathered in Hong Kong, demanding world leaders to address global warming ClimateStrike GlobalClimateStrike pic.twitter.com/xfA2Gk0llB— Bloomberg TicToc (@tictoc) September 20, 2019 “The government is doing too little and this needs to be changed,” said Dionizy Debski, a high school student from Warsaw.Click here for TicToc’s ongoing coverage of the global climate protestsThe movement -- inspired by the braided Swedish teenager Thunberg who started weekly school walkouts last year -- has gone global, drawing parallels with other protests like the Civil Rights struggle and anti-apartheid demonstrations.Friday’s protests come ahead of United Nations events, including the first Youth Climate Summit on Saturday and the Climate Action Summit of government, corporate and other leaders on Sept. 23 in New York. Thunberg, who founded the “Fridays for Future” protest group, captured media attention by sailing across the Atlantic to address the youth event, rather than traveling by plane -- doing her bit to cap emissions.The climate campaign has spurred some companies into action. Germany’s Volkswagen AG, the world’s biggest automaker, pledged to make more electric cars and become climate-neutral by 2050.Amazon.com Inc. Chief Executive Officer Jeff Bezos vowed Thursday to wean his company off fossil fuels by 2030. He also announced the formation of a new organization -- the Climate Pledge -- amid a steady drumbeat of criticism from activists and his own employees over Amazon’s dependence on fossil fuels.GlobalClimateStrike rally.Protesters are urging leaders to address global warming and put an end to the age of fossil fuels CoveringClimateNow pic.twitter.com/jGfAI7Bnse— Bloomberg TicToc (@tictoc) September 20, 2019 Despite that pledge, Amazon employees around the world walked off the job on Friday, in offices from Poland to South Africa and Ireland.In Seattle, hundreds of workers, joined by colleagues from Google and other tech companies, rallied in front of the biospheres at the heart of Amazon’s headquarters.Weston Fribley, an employee and organizer of Amazon Employees for Climate Justice, said Bezos’s pledge was “just the beginning.” The plans, he said, “must be implemented.” He also repeated the group’s call for Amazon to end its sales to fossil fuel companies.On Thursday, Alphabet Inc. Chief Executive Officer Sundar Pichai made his own announcement, saying Google had agreed to buy 1.6 gigawatts of wind and solar power, describing it as a record purchase of renewable energy by a single company.Google Makes Biggest Clean Energy Purchase Ever by a CompanyIn Australia, the campaign has the backing of high-profile business leaders such as the billionaire co-founder of enterprise software company Atlassian Corp., Mike Cannon-Brookes. Atlassian was among hundreds of Australian employers, including law firm Slater & Gordon Ltd. and real-estate portal Domain Holdings Australia Ltd., that allowed workers to take time off to attend the rallies.The call to action has resonated across Europe, which has suffered from increasing bouts of drought and wildfires, and in Australia -- the world’s driest inhabited continent that derives the bulk of its energy from burning coal.For all the support the campaign is deriving, however, there are pockets of opposition. In Germany, the far-right AfD party slammed the government’s climate measures, citing escalating costs. Merkel’s government is “mercilessly squeezing its citizens for an ideology,” its co-leader Alice Weidel said in a Twitter post.(Updates with Amazon workers protest.)\--With assistance from Maciej Martewicz, Helene Fouquet and Matt Day.To contact the reporters on this story: Bruce Einhorn in Hong Kong at beinhorn1@bloomberg.net;Thuy Ong in Sydney at hong35@bloomberg.net;Stefan Nicola in Berlin at snicola2@bloomberg.netTo contact the editors responsible for this story: Chad Thomas at cthomas16@bloomberg.net, Vidya Root, Eric PfannerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Cisco (NASDAQ: CSCO) announced that earlier today its Board of Directors declared a quarterly cash dividend of $0.35 per common share to be paid on October 23, 2019 to all shareholders of record as of the close of business on October 4, 2019.
Shares of GrubHub Inc (NYSE: GRUB) fell Thursday after Jim Chanos said he is short the stock due to concerns around competition and ...
The logistics giant faces multiple headwinds as it tries to meet heightened consumer expectations.
It’s tough to evaluate demand for Apple’s newest smartphones relative to last year because the release schedule this year was different.
Steelcase posts strong 2nd-quarter results Continue reading...
Facebook Inc. users have raised more than $2 billion for charitable causes since the social-media company made it possible on its platform in 2015, the company said. In a blog post Thursday, Facebook executives said the rate of fundraising has accelerated with twice as many fundraisers now as in November. About half of the money has been raised through birthday notices. Facebook shares are up 44% this year. The S&P 500 index is up 20% in 2019.
‘Friends’ celebrates its 25th anniversary. The actress who played Rachel Green was way ahead of her time.
Subscription bookings growth for Marketo in the mid-market have not met the San Jose software giant’s expectations, said Adobe CFO John Murphy.
Today we'll evaluate TripAdvisor, Inc. (NASDAQ:TRIP) to determine whether it could have potential as an investment...
Uber Technologies Inc sued New York City on Friday, seeking to void a new rule limiting how much time its drivers can spend in busy areas of Manhattan without passengers, saying the rule threatens to undermine Uber's ride-sharing model.
To help aid its investigation into Big Tech, investigators from the House Judiciary Committee last week wrote to Alphabet's (GOOGL) Google, Apple (AAPL) and Amazon (AMZN), requesting documents which they believe will help provide information on whether these companies have broken any laws. Primarily, the committee is looking into whether Big Tech practices are harming customers or violating antitrust law, but are not necessarily looking into privacy (as other bodies are).When it comes to Google, the House is looking into a wide-range of antitrust concerns, including 25 businesses within the company. While the scope is large, Evercore's Kevin Rippey is not too concerned as “only four of these areas of concern relate to the core search business,” which represents about 75% of the enterprise value.As a result, Rippey maintains an Outperform rating on GOOGL stock, with a $1,350 price target, which implies about 10% upside from current levels. (To watch Rippey's track record, click here)"So long as the House’s efforts are focused on businesses other than Search, the magnitude of material financial risk may prove less than feared," Rippey opined. "The Committee seems more focused on the company’s ad tech complex...as well as the sharing of data between the Chrome, Android, Cloud, and advertising business lines.” Chrome will be a priority for the Committee, as it mentioned the browser four times in letter to the company. Besides Chrome, Rippey believes “Android and the app store remain areas of vulnerability.” Given the app store’s "monopoly control over app distribution,” Rippey thinks that app stores “are a key area of vulnerability under existing anti-trust law.” For better or worse, this is not Google’s first time in an antitrust investigation. Last year, the company was fined $5 billion by the European Commission for Android-related antitrust violations. And with Big Tech is routinely and increasing receiving negative attention from presidential candidates in the Democratic party, this investigation is surely not the end of regulators’ focus on the tech giant. But like other tech companies, Alphabet stock continues to be one of Wall Street's favorites. TipRanks analysis of 33 analysts ratings on the stock shows a consensus Strong Buy, with 29 analysts rating the stock a Buy and four who giving it a Hold. The average price target among these analysts stand at $1,404.22, representing a 14% upside from current levels. (See GOOGL's price targets and analyst ratings on TipRanks)
We searched for strong tech companies that also pay a dividend, utilizing our Zacks Stock Screener. These three tech stocks should remain attractive to investors even during a potential market downturn...
Roku (ROKU) launches new devices that are expected to strengthen its footprint in the increasingly crowded video-streaming space.
It was a quadruple witching day on Wall Street, leading to extra volatility on Friday. Some late-session trade headlines didn't help matters. Let's look at a few top stock trades in deep detail. Top Stock Trades for Tomorrow 1: ROKUWe covered Roku (NASDAQ:ROKU) earlier this week, but given the drumming that it took Friday -- down more than 20% at one point -- I thought it was worth looking at again. InvestorPlace - Stock Market News, Stock Advice & Trading TipsShares bounced on Thursday following a test of the 50-day moving average. However, they began Friday under pressure after Pivotal Research initiated the stock with a sell rating and $60 price target. * 8 Dividend Stocks to Buy for a Recession Where are we now? The 100-day is at $109.70, while the gap-fill from the post-earnings surge is down at $100.97. Near there is the 50% retracement for the one-year range at $101.43. In between the downside levels (the gap fill and the 50% retracement), and the upside (the 100-day moving average), is Roku stock price. When shares were trading at $105.93 -- which they were at one point on Friday -- it was down 40% from its highs. From its peak, Roku stock fell about 60% in Q4. So this name has a tendency to shed some weight, but it has given investors an opportunity to get long too. A few lucky ones did. With 45 minutes to go in the session, Roku stock already surpassed 57 million shares traded. It feels greedy, but I would love to see Roku fill its gap back down to ~$101. A lower open on Monday that reclaims Friday's close would be the reversal that short-term traders need to get long this one again. Over the 100-day moving average could get a squeeze going up to the 38.2% near $119 and possibly the 50-day near $128. If the gap-fill level and the 50% retracement doesn't hold, the August lows near $96 are on the table. A flush lower from there would be possible if buyers don't step up and defend Roku. Top Stock Trades for Tomorrow 2: AmazonWith the stock market near its all-time highs and with several mega-cap tech companies back in favor -- like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) -- it's interesting to see Amazon (NASDAQ:AMZN) act as a laggard. Shares are down almost 12% off the July highs, when it looked like Amazon stock was going to breakout. The stock has spent 2019 putting in a series of higher lows (blue line), although AMZN is threatening to break that trend should it continue much lower. Adding more weight to the current price action, the 200-day moving average is about $20 per share below current levels. Should AMZN lose uptrend support and the 200-day moving average, range support at $1,750 will almost instantly be on the table. Further, the 61.8% retracement is in this area too, at $1,757. If this area fails, then the June lows near $1,672 will be in the cards as Amazon stumbles into no man's land. On the upside, look to see how the stock does with the $1,850 area. There it has range resistance and the 50-day moving average. At $1,879 is the 78.6% retracement. Over this area puts $2,000+ back on the table. That's a lot of detail to absorb. So try to keep it simple. Below the 200-day moving average, and range support at $1,750 is on the table. Below that mark is bearish. If the 200-day holds, $1,850 resistance is on the table. Above that is bullish and over $1,880 puts $2,000+ in the realm of possibilities.In between is chop. Top Stock Trades for Tomorrow 3: S&P 500 (SPY)Many equity traders prefer to use the SPDR S&P 500 ETF (NYSEARCA:SPY) instead of the S&P 500. So let's take a closer look at the SPY. Interestingly, the SPY made a new 52-week high this week, while the S&P 500 did not. And while it hovers just below all-time high resistance between $300 and $301, investors having to digest a Fed day. That's shown on the charts via a blue box. I tweeted earlier on Friday that, once the SPY went below the Fed-day highs, it put the Fed-day lows on the table. So long as we remain beneath that mark, those lows remain on the table. Below the lows could create selling pressure. In short, above the box is good, below the box is bad. Should the SPY reclaim the Fed-day highs and push over $300, then the recent highs at $301.24 are on the table and above that is blue sky. If the SPY takes out the Fed-day lows, we'll have to consider downside levels. The first downside mark is the 20-day moving average currently near $296 and below that is the 50-day at $239.65. Should the SPY fall below those levels, prior range resistance from August will be a key level to watch, between $292.50 and $293. Below that mark and we could really get some downside follow through. * 7 Triple-'F' Rated Stocks to Leave on the Shelf So again, to keep it simple: Over the Fed-day highs and upside can continue. Below the Fed-day lows and we have to be on guard. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL, AMZN and ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Triple-'F' Rated Stocks to Leave on the Shelf * 10 Excellent Stocks to Watch for 2020 and Beyond * 7 Consumer Stocks to Buy in an Uncertain Market The post 3 Top Stock Trades for Monday: ROKU, AMZN, S&P 500 appeared first on InvestorPlace.
Check out our weekly earnings calendar and read the latest quarterly earnings previews.
NEW YORK, NY / ACCESSWIRE / September 20, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered ...
Walmart Inc told staff on Friday it will stop selling e-cigarettes and electronic nicotine delivery products at its U.S. stores, amid a growing crackdown on surging teenage use of such products, reports of vaping-related lung disease and some deaths.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Laboratory Corporation of America Holdings (LH), where a total of 2,258 contracts have traded so far, representing approximately 225,800 underlying shares. That amounts to about 45.5% of LH's average daily trading volume over the past month of 496,335 shares..
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in MongoDB Inc (MDB), where a total of 8,804 contracts have traded so far, representing approximately 880,400 underlying shares. That amounts to about 43.7% of MDB's average daily trading volume over the past month of 2.0 million shares..
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Estee Lauder Cos., Inc. (EL), where a total of 7,539 contracts have traded so far, representing approximately 753,900 underlying shares..
Investors seeking to bet on this software leader could definitely try out ETFs. While there are several ETF options available, here are six with double-digit exposure to Microsoft that could be compelling choices.
Reports the company could explore a sale are driving FIT higher
Roku (NASDAQ:ROKU) news for Friday about a "Sell" rating for the stock is hitting ROKU hard.Source: Michael Vi / Shutterstock.com The sell rating for Roku stock comes from Pivotal Research analyst Jeffrey Wlodarczak. Wlodarczak only just initiated coverage of ROKU stock today and that "Sell" rating isn't doing it any facors. In that same line, a price target of $60 per share is also ill Rokus news. It sits 55% below the stock's closing price on Thursday.So why exactly is Wlodarczak so pessimistic about ROKU stock? It all comes down to competition. Roku is going to be dealing with much more of that in the near future as more and more companies announce plans for their own set-top boxes.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe problem for Roku is that is has strong competitors in the market all making announcements recently. That includes Comcast (NASDAQ:CMCSA) offering free Xfinity Flex streaming devices to internet customers. There's also concerns from recently-announced streaming efforts being made by Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB), reports CNBC. * 7 Triple-'F' Rated Stocks to Leave on the Shelf While these concerns aren't helping ROKU stock, it's worth noting that this isn't the general consensus among analysts. An average of 17 analysts are carrying an "Overweight" rating for the stock. They also have an average price target of $130.69, which is 2% below yesterday's closing price for ROKU.ROKU stock was down 18% as of Friday afternoon, but is up 311% since the start of the year.As of this writing, William White did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Triple-'F' Rated Stocks to Leave on the Shelf * 10 Excellent Stocks to Watch for 2020 and Beyond * 7 Consumer Stocks to Buy in an Uncertain Market The post Roku News: Why ROKU Stock Is Falling Today appeared first on InvestorPlace.
Uber Technologies Inc sued New York City on Friday over a new rule limiting how much time its drivers can spend in their vehicles in Manhattan without passengers, saying the rule threatens to undermine the company's ride sharing model.
* Indexes: Dow -0.22%, S&P 500 -0.20%, Nasdaq -0.57% (Updates to midday)
Cable One increases its board of directors to 10 members with the election of eBay Chief Strategy Officer Kristine Miller.
Fitbit Inc. shares soared more than 15% Friday, after reports that the company has hired an investment firm to explore a possible sale. The wearables company has hired Qatalyst Partners, according to CNBC, citing a person familiar with the matter. A deal is not imminent and may not happen, said the report. Retuers first reported news of a potential deal. Fitbit shares have fallen 14.5% in 2019, while the S&P 500 has gained 20%.
Roku Inc (NASDAQ: ROKU) shares have experienced a steady sell-off this week, culminating in a 20% drop on Friday. Here’s a closer ...
It’s become a late-summer ritual: Lines of consumers snake around Apple Inc.’s retail stores on a Friday in New York, San Francisco and all points in between on the first day a new iPhone is available.
Walmart Inc told staff on Friday it was discontinuing the sale of e-cigarettes and electronic nicotine delivery products at its U.S. stores.
Some prominent market personalities, such as Leon Cooperman, chair and CEO of Omega Advisors, feel that the Fed's rate cut decision was unnecessary.
Investing.com - Roku shares were hit hard Friday after a Wall Street analyst rated the stock a sell and slapped it with a $60 price target.
Its license to provide rides in London—one of its largest and most profitable cities—is set to expire next week. The London problem, at least, isn’t as bad as it looks. In 2017, a city regulator known as Transport for London, or TfL, raised concerns about Uber’s operation, accusing the Silicon Valley company of a number of failings that might have potential public-safety implications.
Walgreens (NASDAQ:WBA) drone delivery is coming to Virginia in October as part of a test run.This will have the Walgreens drone delivery being available to residents living in Christiansburg. That will allow these residents to choose from over 100 items that they can have shipped to their homes via drone.The Walgreens drone delivery test is due to its partnership with Wing Aviation. Wing belongs to the family of companies underneath Alphabet (NASDAQ:GOOG,GOOGL). It has been testing out drones at the nearby Virginia Tech in Blacksburg.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe partnership between Wing and Walgreens will make it the first U.S. retailer to offer on-demand drone delivery to customers. Teaming up with Wing also makes sense as it is the first company to receive certification from the Federal Aviation Administration for drone operation.So what all can customers expect to get from the Walgreens drone delivery tests? We'll customers can choose what they want, but they can also order premade packs. These packs offer a variety of different goods for different circumstances. They are as follows. * Allergy * Baby * Cough/Cold * First aid * Pain * Kids' snacks * 7 Triple-'F' Rated Stocks to Leave on the Shelf The idea is that these quick packs will be able to get customers what they need without having to leave home. For example, someone not wanting to go out due to a cold could order the cough/cold pack. However, it's also worth pointing out that customers won't be able to have the Walgreens drone delivery service drop off prescriptions.WBA stock was up 1% as of Friday afternoon.As of this writing, William White did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Triple-'F' Rated Stocks to Leave on the Shelf * 10 Excellent Stocks to Watch for 2020 and Beyond * 7 Consumer Stocks to Buy in an Uncertain Market The post Walgreens Drone Delivery Tests to Begin Next Month appeared first on InvestorPlace.
The long-promised technology finally has a real-world application.
Walmart and Oracle are secretly funding an Amazon-critical non-profit.
(Bloomberg) -- Ever since Amazon.com Inc. bought Whole Foods in 2017 for $13.7 billion, shoppers and investors alike have wondered how the e-commerce giant would integrate the upscale grocer into its sprawling online operation. Now, after two years of tinkering, Amazon is betting big on quick delivery from Whole Foods.In August, the company began a pilot project in select cities including Denver and Portland, Oregon. Mining the purchase histories of  Whole Foods shoppers who use their Prime memberships for discounts, Amazon zeroed in on items they buy routinely in physical stores. Then, the company began suggesting the same products on its main website with an enticement: free two-hour delivery. Previously, Prime subscribers looking for speedy grocery delivery needed to download a separate Prime Now app, which limited use of the service. Amazon is betting that offering the service on the main site will pull in more shoppers. The Prime Now app had only 1.8 million monthly average users in August, according to monitoring firm App Annie. Amazon’s website draws more than 200 million unique monthly visitors while its primary shopping app attracts 125 million users on average each month.As it has done before, Amazon wants to change shopping habits—in this case getting consumers more comfortable buying perishable products like bananas and yogurt online. That’s crucial if Amazon is to take on Walmart Inc. in the $840 billion U.S. grocery market.Encouraged by what it calls “very positive” customer feedback, the company has quickly extended the service to almost 30 cities, including Los Angeles, Houston and Detroit. “Most grocery customers buy the same things over and over again,” an Amazon spokeswoman said in an e-mail after Bloomberg asked about the program.  “The past purchases feature enables customers to quickly add favorite products to their cart.”The industry is grappling with how best to mesh physical and online grocery stores, a topic that drew 3,000 executives to the GroceryShop conference in Las Vegas in mid-September for panels on delivery, the future of stores and consumer behavior.Despite trying upend the grocery market for more than a decade, Amazon remains a tiny player. Walmart and its Sam’s Club capture 25% of all grocery spending in the U.S., according to Morgan Stanley, compared with 2% for Amazon and Whole Foods. Walmart has more than 4,500 U.S. stores, about 10 times the number of Whole Foods locations.Meanwhile, competition is intensifying. Walmart and Target Corp. are both investing in delivery options as well as in-store pickup of online orders, all geared toward time-strapped customers looking to simplify their errands. Walmart this month announced it was expanding its $98 annual grocery delivery service to 1,400 cities, undercutting Amazon Prime's $119 annual fee.Persuading shoppers to buy fresh food online isn’t Amazon’s sole challenge. Getting groceries to customers quickly is another. Offering two-hour delivery requires Amazon to show shoppers only products that are close to them, which isn’t easy because the 25-year-old website was designed to let anyone with an internet connection buy a product anywhere in the world. For that reason, Amazon launched its two-hour delivery service Prime Now in 2015 as a separate app detached from the main website, according to a personal familiar with the matter. That enabled Amazon to get the service up and running more quickly but limited participation because users had to download a new app. Moreover, Prime Now has offered a narrow selection of convenience store-style staples. The expanded service could help solve those challenges. Shoppers in cities where the option is available see a Whole Foods storefront on Amazon’s website. The storefront offers visitors discounts to entice them to try fast delivery of perishables and shows them previous purchases they made in stores. An optional filter lets them limit their search to what’s on the shelf in nearby Whole Foods locations in case they’d rather pick up the order themselves. “Amazon has been critiqued for not making full use of the Whole Foods acquisition, and this is about to change that,” says Juozas Kaziukenas, founder of New York e-commerce research firm Marketplace Pulse. “Having local stores act as two-hour delivery hubs is exactly why Amazon acquired the company.”(Updates with Prime Now app data. )\--With assistance from Matthew Boyle.To contact the author of this story: Spencer Soper in Seattle at ssoper@bloomberg.netTo contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- It’s time to stop crediting corporate sustainability efforts as acts of altruism. For big business, protecting the environment often means padding the bottom line.Nike Inc. has come up with a way to weave more efficiently, reducing the raw material and labor time needed to make each shoe. That has kept more than 3.5 million pounds of waste from reaching landfills since 2012. But the good news doesn’t stop with the environmental impact. The company is spending less on transportation, materials and waste disposal.The shoemaker’s “more environmentally conscious product has been a source of cost savings,” said James Duffy, an analyst at Stifel.Those flimsy plastic water bottles sold by Nestle SA? The ultra-thin design has a smaller impact on the environment while pushing down costs associated with packaging and shipping. Amazon.com Inc. and Walmart Inc. have poured tens of millions of dollars into a fund that builds out recycling infrastructure, reducing landfill tipping fees and recovering material that could be sold as new products.Tech giants have spent billions of dollars on solar and wind power, cutting greenhouse-gas emissions and energy expenditures at the same time. Alphabet Inc.’s Google, Amazon and Facebook Inc. are now some of the largest buyers of green power in America.Turns out it’s not just easy being green—it’s also profitable.“We’ve moved past this concept that business versus the environment is a tradeoff,” said Tom Murray, who advises companies on reducing emissions at Environmental Defense Fund, including Walmart, McDonald’s Corp. and Procter & Gamble Co. “The business benefits were always there, but more and more companies are going after them.”The business case for going green has never been stronger as companies find ways to make more from less. Here’s a look at the ways corporate sustainability is making environmentalism pay.Lightweight Flights Cost LessUnited Airlines Holdings Inc. has been making its planes lighter, driving down fuel use and costs. Airlines account for almost 2% global carbon emissions. Not even the in-flight magazine has been spared in the search for unnecessary heft: changing to a lighter paper stock saved almost $300,000 per year on fuel. United redesigned airplane bathrooms, switched out beverage carts and ended duty-free sales. The company was also working on reducing its cabin waste to zero. What it pays: United has saved more than $2 billion on fuel so far.Hanging Hotel Towels Saves More Than Water It turns out that simply asking guests to hang up towels to dry and forego daily sheet changes can save hotel operators 25% off annual energy costs. “To some surprise within the hotel industry, this option was quickly embraced by hotel guests as a small way to engage in energy conservation,” according to a report by the Urban Land Institute. Clarion Partners LLC does that at all of its hotels and went a step further by reducing flows through toilets, faucets and showerheads.What it pays: Cutting water use saves Clarion hotels about $17,250 per year.Idle Trucks, Real MoneyWalmart runs one of the biggest trucking fleets in the U.S. That means scores of semis standing in traffic at any given time. At that scale, the introduction of technology that reduces energy use when trucks or idling and software that creates more efficient routes can improve fuel efficiency by 90%, reducing carbon dioxide emissions.What it pays: Diesel averages almost $3 a gallon in the U.S. Tech’s Green Power PayoffGoogle, Facebook and Amazon are among the largest energy consumers in the U.S., and a lot of that power is now emission-free. Each company committed to getting 100% of their power for their data centers from renewable resources such as wind and solar. Exxon Mobil signed up to energize its operations in Texas with solar and wind energy starting next year, which would place the oil producer among the top 10 buyers.What it pays: With renewables now cheaper than fossil fuels, these green energy commitments shave an estimated 10% off tech giants’ gargantuan utility bills.Paperless Bathrooms Are CheaperRestaurants, movie theaters and others have been making the switch from paper towels to hand dryers in their restrooms for years. Dryers have become the norm because of the savings on the cost of paper towels and the expense of sending garbage to the landfill. Soldier Field, home of the Chicago Bears, made the switch and cut carbon emissions by 76% per use.What it pays: A football stadium can save more than $12,000 a year over the cost of paper towels. Re-Sold Clothes Are a MoneymakerPatagonia Inc. has been repairing and recycling clothes since its inception in the 1970s, making the practice a core part of the brand’s environmental image. Two years ago, however, the company added incentives for customers who return used items. This wasn’t just an act of urgency to keep clothing out of landfills. A 3-in-1 Snowshot Jacket that retails new for about $400 was recently listed on Patagonia’s Wornwear website for $187 to $207, more than twice the amount paid to customers in a voucher.What it pays: Each re-sale of a high-quality used jacket can net $100. “It’s a profitable business unit,” said Phil Graves, director of corporate development at Patagonia.Slender Plastic SavingsNestle has been saving money with ever-thinner plastic bottles, cutting the content in its half-liters by more than 60% since 1990. That also reduces the harmful chemicals and emissions produced from making plastic and saves on transportation costs. There’s also been a push to use more recycled material. Nestle recently started offering a 100% recycled bottle for its Pure Life water brand. Coca-Cola Inc. has decided to ditch plastic altogether for its Dasani line by pumping water into aluminum cans. That switch will make it easier to recycle and boost profitability. The cans weigh less, which cuts transportation costs. What it pays: 72 cents per pound of plastic resin.Beer With Less Spent on WaterLagunitas Brewing Co. was growing so quickly that its local water utility couldn’t process all the highly concentrated wastewater produced by its manufacturing process. Managing it all might have required costly upgrades to the municipal system. The brewer instead bought a new type of treatment system onsite that cleans the 7 gallons of high-strength wastewater made with every gallon of beer. The methane byproduct is used to produce electricity. Its one of the many breweries and vineyards out there that have now installed these systems.What it pays: Estimated savings more than $1 million a year on utility bills.This story is part of Covering Climate Now, a global collaboration of more than 250 news outlets to highlight climate change.(Adds zero-waste effort in ninth paragraph)To contact the authors of this story: Chris Martin in New York at cmartin11@bloomberg.netMillicent Dent in New York at mdent13@bloomberg.netTo contact the editor responsible for this story: Aaron Rutkoff at arutkoff@bloomberg.net, Lynn DoanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Netflix Inc (NASDAQ: NFLX) shares tanked towards the end of this week as some negative headlines have rattled investors. Some large ...
* Indexes fall: Dow 0.47%, S&P 0.51%, Nasdaq 1.01% (Updates to midday)
Top tickers for midday: ROKU, NFLX, BAC, AAPL, AMZN, TSLA, FB, MSFT, AMD, BABA, MU, T, SNAP, MDR, DIS, NVDA, BBBY, CRM, CGC, SQ.
(Bloomberg) -- Facebook Inc. has suspended “tens of thousands” of third-party apps that were using the company’s developer tools as part of a review Facebook started following the Cambridge Analytica privacy scandal from early 2018. The number of suspended apps was at 400 in August 2018.“To date, this investigation has addressed millions of apps. Of those, tens of thousands have been suspended for a variety of reasons while we continue to investigate,” Facebook wrote in a blog post Friday. Not all of these apps were necessarily abusing or selling user data. Many were not “live” when they were suspended, and in other cases, apps were suspended after developers didn’t respond to Facebook requests for more information.Facebook started its investigation after it was revealed in early 2018 that a third-party app had collected the personal information of millions of Facebook users and sold that information to political consultancy firm Cambridge Analytica. Facebook was widely criticized for its failure to protect user privacy, and pledged to audit its developer relationships to find other potential issues. Facebook said Friday the investigation is “ongoing.”The Cambridge Analytica revelation set off what became arguably the most damaging year in Facebook’s history, which included multiple congressional hearings and a probe by the Federal Trade Commission that led to a $5 billion fine.To contact the reporter on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Fitbit has struggled to gain a foothold in the smartwatch category, as Apple Inc and Samsung Electronics Co have cornered a bigger share of the market with more sophisticated devices. At the same time, Fitbit's dominant share of the fitness tracking sector continues to be chipped away by cheaper offerings from companies such as China's Huawei Technologies Co Ltd and Xiaomi Corp . Fitbit has held discussions with investment bank Qatalyst Partners about whether it should engage with potential acquirers, the sources said.
From trips to Atlanta, D.C. and even Paris, France, Chris Chung, CEO of the state’s chief recruiting agency, the Economic Development Partnership of North Carolina, had a busy first half of 2019 – meeting with officials and executives from a slew of entities such as The Boeing Company, Martin Marietta Materials and Duke Energy.
California Governor Gavin Newsom signed the bill, known as AB5, on Wednesday. It goes into effect on Jan. 1 and could roil the gig economy if companies are forced to replace independent contractors with employees who earn at least the state minimum wage of $12 per hour and are eligible for expense reimbursement and benefits such as health insurance and paid time off. Research firm Second Measure says Postmates, DoorDash and UberEats reap the greatest percentage of U.S. sales from California - estimated at 41.3%, 24.3% and 23.9%, respectively.
The U.S. dollar will make up 50% of the basket of currencies backing Facebook's planned digital coin Libra, with the euro, yen, sterling and Singapore dollar comprising the rest, Der Spiegel reported, referring to a letter from Facebook. China's yuan currency will not be included, which could help smooth the planned cryptocurrency's path in the United States, where officials have raised concerns about the yuan's growing stature as a reserve currency at a time when trade relations between the two economic powers are tense. In a letter responding to a question from German legislator Fabio De Masi, Facebook said the dollar would make up 50% of the basket, followed by the euro with 18%, the yen with 14%, the British pound with 11% and the Singapore dollar with 7%, according to German news magazine Der Spiegel.
Facebook Inc said on Friday it has suspended tens of thousands of apps on the social networking platform, as part of the company's ongoing app developer investigation it began in March 2018 in response to the Cambridge Analytica row.
J.C. Penney tries to rein in its debt, and Netflix remains under pressure.
Congressman David Cicilline, chair of the U.S. House Judiciary Committee's antitrust panel, said on Friday that Facebook Chief Executive Mark Zuckerberg pledged cooperation with the panel's probe into online markets during a meeting on Capitol Hill.
Stock indexes reversed lower Friday afternoon, as the market for a second straight day seemed unable to hold early advances. The S&P 500 today and other indexes fell sharply at 1:15 p.m. ET.
Stock indexes reversed lower Friday afternoon, as the market for a second straight day seemed unable to hold early advances. The S&P; 500 today and other indexes fell sharply at 1:15 p.m. ET.
Netflix Chief Executive Reed Hastings said on Friday the entrance of Apple, Disney and NBC to the global streaming market will push content costs to levels that make its epic drama about the British Royal family "look like a bargain".
The shipping and logistics giant's shares plunged after an ugly earnings report.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Amazon. om Inc (AMZN), where a total of 206,908 contracts have traded so far, representing approximately 20.7 million underlying shares.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Facebook Inc (FB), where a total of 174,692 contracts have traded so far, representing approximately 17.5 million underlying shares. That amounts to about 148.8% of FB's average daily trading volume over the past month of 11.7 million shares..
Good day, The transition to electric vehicles is good for the planet, but not so good for labor.That's the thesis of a ...
The 10-year bull market in stocks and longest economic expansion in U.S. history have minted many a millionaire since the darkest days of the Great Recession.A decade ago, less than 1 in 20, or 4.9%, of all U.S. households were considered to be millionaires, according to Phoenix Marketing International, which tracks the affluent market. That means they held at least $1 million in investable assets, such as cash, stocks, bonds and funds, among other types of investments. Real estate such as the family home, employer-sponsored retirement plans and business partnerships don't count.Cut to today, and 6.2% of all U.S. households are millionaires. In raw numbers, the nation's ranks of millionaires grew by more than 2 million over the past 10 years.Naturally, the gains haven't been distributed evenly. Although every state and the District of Columbia has more millionaire households today than it did in 2008, some areas of the country are gaining millionaires as a percentage of total households at a much faster clip than others.Kiplinger.com annually ranks all 50 states plus Washington, D.C., by their respective concentrations of millionaires. In the most recent tally, New Jersey leapfrogged long-time leader Maryland for the top spot. Nearly 9% of New Jersey households are millionaires vs. 8.9% for Maryland, which led the country in millionaires as a percentage of households from 2011 through 2017 before slipping to fourth place.That got us thinking: How have state millionaire concentrations shifted since the financial crisis? Here, we look at the five best states that have risen through the millionaire rankings since the Great Recession ... and the five that have experienced the biggest dropoffs. SEE ALSO: 25 Small Towns With Big Millionaire Populations
Uber Technologies Inc.(NYSE: UBER) is moving into Dallas, Texas, as part of its self-driving initiative, but it won't be ...
The U.S. dollar will make up 50% of the basket of currencies backing Facebook's planned digital coin Libra, with the euro, yen, sterling and Singapore dollar comprising the rest, Der Spiegel reported, referring to a letter from Facebook.
Netflix stock has been under pressure this year as competition heats up among streaming services, and analysts at Evercore ISI say weaker international growth could create more uncertainty.
Will iPhone revenue decline again during the current quarter?
Rep. David Cicilline, chair of the House Judiciary Committee's antitrust panel, said on Friday that Facebook Chief Executive Mark Zuckerberg pledged cooperation with the panel's probe into online markets during a meeting on Capitol Hill.
Competition is heating up, the streaming TV giant's CEO admits.
CEDARHURST, NY / ACCESSWIRE / September 20, 2019 / The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.
Flight 2353 pilots made a “controlled descent” before landing in Tampa.
Europe's top court will rule on Sept. 24 whether Alphabet Inc unit Google must remove links to sensitive personal data worldwide or in Europe only in a case that pits privacy rights against the right of free speech. A second related dispute before the Luxembourg-based Court of Justice of the European Union (ECJ) is whether Google must automatically delete search results with sensitive information on a person's sex life or criminal convictions, among others.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga ...
New GPU-powered Amazon EC2 G4 instances help customers accelerate machine learning inference and graphics-intensive workloads.
FedEx (FDX) has teamed up with Alphabet’s (GOOGL) Wing to make drone delivery a reality. Let's take a closer look at how.
Google is investing 3 billion euros ($3.3 billion) to expand its data centers in Europe over the next two years and 'reskill the workforce for the new digital economy.'
The company's new service needs to attract customers, and starting with a low price and free subscriptions will help do that.
Shares of Netflix Inc. dropped 5.7% in midday trading Friday, to pace all S&P 500 decliners, after a report that that the streaming-video company would boost spending in the United Kingdom to fend off competition. The stock, which has now tumbled 9.5% over the past three sessions, was on track for the lowest close since Jan. 2. The Financial Times reported, in a report titled "Netflix to boost £400m UK spending as streaming wars intensify," the FT said it was ramping its investment ($499.6 million) in British TV programs such as "The Crown" and "Sex Education" as spending on the streaming wars creates and boomtime for producers. Netflix's current losing streak started on Wednesday, after Comcast Corp. announced a new streaming service called "Peacock" and said it would start giving away its Xfinity Flex streaming-media player for free to internet-only subscribers. Netflix's stock has tumbled 26% over the past three months, while Comcast shares have climbed 6.9% and the S&P 500 has gained 1.9%.
More details emerge regarding Facebook’s long-term AR plans.
Facebook's planned cryptocurrency Libra will be backed by a basket of currencies including the U.S. dollar, euro, yen, sterling and Singapore dollar, but excluding China's yuan, Der Spiegel reported, referring to a letter from Facebook.
The Dow Jones today is on its way up as markets digest easing measures from the U.S. central bank and the European Central Bank.
Learn from top VCs at TechCrunch Disrupt.
By Hans Lee, Philip Blenkinsop, Fabrizio Bensch and Ilze Filks
The stock market was little changed Friday morning.
* Dow rises 0.17%, S&P up 0.11%, Nasdaq off 0.16% (Adds comment, details; updates prices)
As cloud giants digest some of their past investments in hardware and chips, they're still investing heavily in growing their data center capacity. That's ultimately a positive for data center REITs and chip suppliers with cloud exposure.
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Facebook Inc (FB) has taken over the #39 spot from Idexx Laboratories, Inc. (IDXX), according to ETF Channel..
15:45
Seeking Alpha
A review of tech stock news for the week ending September 20, 2019.
Shares of Microsoft Corporation (NASDAQ: MSFT) have been on a bullish run since 2015, but investors may want to "watch out" if ...
”It’s a whole new world starting in November,” said Reed Hastings, referring to the launches of new streaming services from Disney and Apple.
Amgen, Walt Disney, Microsoft, Apple and Oracle highlighted as Zacks Bull and Bear of the Day
The international call for climate action is expected to be the largest such demonstration ever.
Earlier this week Adobe reported its quarterly results that outpaced market expectations. But a weak outlook failed to impress the market and its stock fell 3% post result announcement.
In the Massachusetts senator’s sights: Big Tech, the financial industry, and health-care and drug companies. One strategist sees a 2020 presidential election between “two polarizing demagogues, both appealing to the extremes.”
By Hans Lee, Philip Blenkinsop, Fabrizio Bensch and Ilze Filks
A Wall Street analyst raised his price target on Apple stock amid indications of better-than-expected initial sales of iPhone 11 series handsets. Apple started selling the new phones Friday.
Shares of Roku Inc. sank again Friday, putting them on track for their worst weekly performance this year, as investors continued to express concern over increasing competition and an extreme valuation.
Facebook still aims to launch its Libra digital currency next year, its executive overseeing the project told Swiss newspaper NZZ, as the company presses ahead despite authorities around the world pouring cold water on the plans.
Apple Inc. (NASDAQ: AAPL)'s Services business collects an average of $50 in revenue from each unit user, Needham analyst Laura ...
Fitbit shares jumped Friday afternoon after a report that the company is talking with an investment bank about possibly engaging potential buyers. The stock is trading up 11% at $4.07. Fitbit has faced challenges in switching focus to smartwatches from fitness trackers, Reuters reported.
Is the onset of streaming services spelling doom for cable providers? Let us have a look.
Twitter Inc (NYSE:TWTR) crossed over its 10-day moving average of $43.23 on a volume of 3.8 million shares. This may provide short-term investors a chance for a long position,...
Apple’s most profitable store, on Fifth Avenue in New York, reopened after a two-and-a-half-year renovation.
Enormous losses, conflicts of interest, a puzzling business model, irrational exuberance and an ill-advised voting structure: They're all thwarting the IPO of office-sharing startup WeWork.
* Indexes up: Dow 0.24%, S&P 0.25%, Nasdaq 0.13% (Updates to open)
Uber is still waiting to see whether its licence in London, which expires on Wednesday, will be renewed as the regulator, which previously stripped the taxi app of its right to operate in the city, remains tight-lipped about the decision. Transport for London (TfL) rejected the Silicon Valley company's licence renewal request in 2017 due to failings it said it found in its approach to reporting serious criminal offences and driver background checks, prompting legal action. A judge in 2018 then granted Uber a probationary 15-month licence, which expires on Sept. 25, after the company had made several changes to its business model in London, the firm's most important European market.
Roku Inc (NASDAQ: ROKU) will have a tough time competing in the streaming video landscape, as growing competition will push the cost of ...
Here's why software stocks look poised to make a move toward their all-time highs. Trade three large-cap leaders using these tactics.
The major stock indexes extended gains in the current stock market rally. Top growth stock Roku plunged on an analyst sell rating.
Raising the stakes in the eco-friendly delivery wars, Amazon.com, Inc.(NASDAQ: AMZN) said it has ordered 100,000 electric delivery ...
The ride-sharing companies are subsidizing rides and overspending on technology, and soon their very business model may be upended in California.
Shares of Salesforce.Com (NYSE:CRM) opened today above their pivot of $153.02 and have already reached the first level of resistance at $155.36. Should the shares continue to rise, the...
The iShares Edge MSCI Min Vol USA exchange traded fund has held up well during stock market weakness.
The Fox Business News anchor just signed another contract, cementing her decision to stay on air
Twitter Inc. said Friday it has removed a network of 273 accounts originating in the United Arab Emirates and Egypt, that were targeting Qatar as well as other countries including Iran. In a blog on its site, Twitter said the accounts were interconnected in their goals and tactics, and that they spread messaging that supported the Saudi government. "We also found evidence that these accounts were created and managed by DotDev, a private technology company operating in the UAE and Egypt," said the blog. "We have permanently suspended DotDev, and all accounts associated with them, from our service." Separately, the micro-blogging site said it had suspended a group of 4,248 accounts operating from the UAE, that were mainly targeting Qatar and Yemen. The accounts used false personae and tweeted about issues impacting the region, including the civil war in Yemen and the Houthi Movement. The company also found a group of six accounts linked to Saudi Arabia's state-run media that were focused on messaging that would benefit the Saudi government. In Spain, the company has removed 265 accounts that were deemed to be falsely boosting public sentiment. Earlier this summer, the company removed a network of 1,019 accounts in Ecuador tied to the PAIS political party. Twitter shares were up 1.4% in early trade Friday and have gained 51.5% in 2019, while the S&P 500 has gained 20%.
Hundreds of thousands of students, office workers and other protesters took to the streets around the world on Friday to demand global leaders gathering for a U.N. climate summit take urgent action to avert an environmental catastrophe.
In a very brief statement on September 19, Airbnb announced its intention to go public in 2020. The timing of the statement is interesting.
InvestorsObserver issues critical PriceWatch Alerts for GOOGL, JPM, NFLX, NVDA, and TSLA.
InvestorsObserver issues critical PriceWatch Alerts for ACB, CRC, MDR, MU, and UBER.
Credit Suisse raised IHS Markit Ltd (NYSE: INFO) price target from $68 to $76. IHS Markit shares closed at $67.75 on ...
* Futures rise: Dow 0.24%, S&P 0.22%, Nasdaq 0.34% (Adds comment, details; updates prices)
Investing.com - Stocks in focus in premarket trading on Friday:
Plant-based food maker Beyond Meat Inc (NASDAQ: BYND) poached a Tesla Inc (NASDAQ: TSLA) executive who will serve as its new chief ...
Once you start a family, your sense of financial security might be shaken. Between planning for their education, bigger homes, insurance ...
The stock market held up amid soaring crude oil prices and a Fed rate cut. Microsoft rose on a big buyback. Adobe, FedEx guided low. Roku dived on competition.
13:06
FinancialContent
After taking on the traditional hospitality industry, the highly valued Y Combinator alumnus is getting closer to a debut on the stock market.
Uber sports a market valuation of more than $57 billion. while WeWork has raised more than $12 billion in venture capital.
It's easier than ever to switch to streaming.
FinancialBuzz.com News Commentary
Uber is still waiting to see whether its license in London, which expires on Wednesday, will be renewed as the regulator, which previously stripped the taxi app of its right to operate in the city, remains tight-lipped about the decision. Transport for London (TfL) rejected the Silicon Valley company's license renewal request in 2017 due to failings it said it found in its approach to reporting serious criminal offences and driver background checks, prompting legal action. A judge in 2018 then granted Uber a probationary 15-month license, which expires on Sept. 25, after the company had made several changes to its business model in London, the firm's most important European market.
In this excerpt from a new IBD profile of $559 million Alger Focus Equity Fund, the savvy fund managers explain why they like Apple stock.
12:45
FinancialContent
The FOMC has issued its 2nd rate cut of the year, which typically provides a boost to economic activity and market performance. But is this time going to prove any different?
The boss of Netflix says the looming arrival of Apple, Disney and NBC to the global streaming market will push content costs to levels that make its epic drama about the British Royal family "look like a bargain".
Rodrigo Duterte has ordered Philippine government agencies and state-owned companies to suspend talks on all loan and grant agreements with the countries that voted for a UN human rights investigation ...
* Suspends 259 accounts used by Spain's Partido Popular (Adds Facebook statement, more Twitter takedowns, Spain's PP)
India-based stocks and analyst upgrades helped stir stock futures higher Friday, as the Nasdaq, S&P 500 and Dow Jones today aimed for a fourth straight weekly advance.
(Bloomberg) -- India’s government escalated efforts to repair economic growth with a surprise $20 billion tax cut, taking the rate for companies to one of the lowest in Asia.Domestic companies will pay 22% tax on their income from April 1, 2019, versus 30% previously, Finance Minister Nirmala Sitharaman said Friday. The effective rate, including all additional levies, will be 25.2% and applicable on companies that aren’t availing any incentives or exemptions.India’s key S&P BSE Sensex rose 5.3% in Mumbai, the biggest gain in a decade, and the rupee rallied after the announcement. Sovereign bonds slumped as fiscal concerns came sharply back to the fore.New companies formed from Oct. 1 will attract 15% tax and an effective rate of 17.01%, Sitharaman said. That brings it to the same level as in Singapore.India joins Indonesia in cutting tax on corporates as Asian economies compete with each other to attract companies looking for alternate manufacturing locations to escape disruptions from the U.S.-China trade war. The 1.45 trillion-rupee ($20.5 billion) revenue loss from the move will test Sitharaman’s goal of narrowing the fiscal gap to 3.3% of gross domestic product this year despite a more than $24 billion windfall from the Reserve Bank of India.“We are conscious of the impact all this will have on our fiscal deficit,” she said, without elaborating.What Bloomberg’s Economists Say“The tax cuts are likely to boost private investment and have the potential to attract much more foreign direct investment. Any fiscal slippage is likely to be limited in the near term, as stronger tax buoyancy will boost growth.”\-- Abhishek Gupta, India economistFor the full report, click here, and for more research, hereThe government had estimated tax revenue of 16.5 trillion rupees in the year to March, and may now possibly revive plans for the nation’s maiden foreign currency sovereign bond sale.The government’s growth support measures, announced in fits and starts over the last one month, supplement the RBI’s generous dose of monetary stimulus. Governor Shaktikanta Das, who called the tax cut a “bold move,” has led the rate-setting Monetary Policy Committee to deliver 110 basis points of easing this year, while signaling his readiness to do more amid stable inflation.“We are in a state of coordinated policy response both by the government and the RBI,” said Madhavi Arora, an economist with Edelweiss Securities Pvt. in Mumbai. “Despite possible fiscal slippage, the RBI would likely deliver further cuts and continue to focus on policy transmission of earlier cuts.”The Monetary Policy Committee is due to announce its next decision Oct. 4.Big BangSeveral bankers and automakers said the move will help companies increase investment in the economy, where growth slowed to 5% in the quarter to June -- the weakest pace since May 2013.The step will promote growth and investment, Sitharaman said, speaking from the western Indian city of Panaji.The yield on the benchmark 10-year bond climbed 15 basis points to 6.79%, erasing a previous dip accrued after the central bank chief said there was scope for more easing.Higher yields could make it tougher to rein in borrowing costs. Policy makers need to ensure that companies can borrow at competitive rates and must improve demand for the goods firms produce, said R. Shankar Raman, chief financial officer at Larsen & Toubro Ltd., India’s biggest engineering conglomerate.“All of these need to fall in place for the investment rationale to be valid for providers of capital,” Raman said in a text message. “In all, a good beginning, albeit a year late.”“The unexpected fiscal stimulus is positive for sentiment,” said Priyanka Kishore, head of India and south east Asia economics at Oxford Economics, Singapore. “Investors will watch closely on how the potential damage to the budget deficit is managed.”(Adds details on Indonesia’s tax cuts in the fifth paragraph.)\--With assistance from Debjit Chakraborty, Ameya Karve, Subhadip Sircar, Anirban Nag, Anurag Kotoky, Matt Turner, Dhwani Pandya and Subramaniam Sharma.To contact the reporters on this story: Shruti Srivastava in New Delhi at ssrivastav74@bloomberg.net;Vrishti Beniwal in New Delhi at vbeniwal1@bloomberg.netTo contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Karthikeyan Sundaram, Jeanette RodriguesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Apple Inc. (NASDAQ: AAPL)'s new iPhone 11 went on saleat retail stores around the worldFriday, and diehard fans are ...
Amazon (NASDAQ: AMZN) today introduced the Amazon Small Business Awards and announced that nominations are now open. The Amazon Small Business Awards will celebrate inspiring and unique American small businesses selling in Amazon’s stores, recognizing small businesses across three categories: Small Business of the Year, Woman-Owned Small Business of the Year, and Small Business Owner Under 30 of the Year. Small businesses with an active Amazon Seller or Vendor account are encouraged to nominate their business for the awards here: www.amazon.com/small-business-awards-nomination. Nominations close at 11:59pm PDT on Sunday, October 6.
This top performing mutual fund seeks growth stocks that fuel what a fund manager calls one of the most innovative times in history.
Let’s agree to disagree on who might win with connected TV services and instead focus on who will win in advertising.
U.S. stock index futures rose on Friday as China became the third country to trim interest rates in the past few days, raising hopes that major central banks stand ready to blunt the impact of a prolonged Sino-U.S. trade war on global growth.
11:37
Seeking Alpha
* Mediaset pan-EU deal is an opportunity - Peninsula (Recasts lead, adds details on Peninsula, executives)
Our call of the day from Oaktree Capital’s billionaire co-chairman Howard Marks says the economy doesn’t really need rate cuts the Fed’s been doling out.
(Bloomberg Opinion) -- There are a number of possible explanations for why the president of the United States is so reluctant to let the public see his tax returns and accounting records.Because he’s a quiet, humble man, maybe he doesn’t want anyone to know just how massively successful and wealthy he really is. Or perhaps he’s been giving away so much money to the needy that the scope of his philanthropy might draw uncomfortable and unwanted attention.I suspect the real reason lies elsewhere. President Donald Trump is comfortably wealthy, but certainly nowhere close to having the $10 billion he has claimed since the earliest days of his presidential bid. While not containing enough information about the full scope of Trump’s debts and assets to be definitive about his wealth, the tax returns would still show how robust his businesses are and, possibly, the provenance of some of his funding. They’d also be a report card of sorts on any financial sleight of hand or potential tax fraud lurking among the skeletons in Trump’s closet.All of those latter items are likely to be things that Trump wants kept under wraps. So, on Thursday, the president’s lawyers sued his accounting firm, Mazars USA, and Manhattan District Attorney Cyrus R. Vance in federal court in Manhattan, seeking to block Vance’s request for eight years of Trump tax returns from Mazars. Vance is looking into the possibility that Trump’s company took improper tax deductions and falsified business records to mask payments it made through Trump’s former personal lawyer, Michael Cohen, to silence two of the president’s alleged lovers. Trump’s lawyers present an interesting argument in the court filing. “Though no court has had to squarely consider the question, the U.S. Department of Justice and ‘[a]lmost all legal commenters agree’ that the President cannot be ‘subject to the criminal process’ while in office,’” the suit observes. “This principle stems from Article II, the Supremacy Clause, and the overall structure of the Constitution.”That’s quite an assertion. And Trump’s lawyers, in arguing that a sitting president exists above the law, don’t cite legal precedent — the thing lawyers usually do to build a strong and persuasive argument rooted in the law itself. Instead, Trump’s team offers a sweeping interpretation of executive power and immunity and cites a Justice Department memo and a gaggle of “legal commenters” to support their Hail Mary pass.Anticipating some of the criticism coming their way, Trump’s lawyers say that “the notion that this prohibition ‘places the President ‘above the law is “wholly unjustified.” They go on: “It is simply error to characterize an official as ‘above the law’ because a particular remedy is not available against him.”Trump’s lawyers also note that hardball politics are at work and that the Founding Fathers braced for that a long time ago.“The framers of our Constitution understood that state and local prosecutors would be tempted to criminally investigate the president to advance their own careers and to advance their political agendas,” the suit says. “And they likewise understood that having to defend against these actions would distract the president from his constitutional duties.”Here’s the rub, though, when it comes to these distracting investigations that prove so irksome to the White House: The framers couldn’t have anticipated a president as financially conflicted as Trump. The framers also couldn’t have foreseen that he would be targeted by state and federal probes with such frequency — which offers at least one measure of how extensive and pervasive corruption has been in the Trump era.The Trumpistas aren’t limiting themselves to the courtroom to assert executive power. They’re doing it within the federal government too.In an episode that first got exposure in the Washington Post on Wednesday and Thursday, the inspector general for the U.S intelligence community is examining claims by a White House whistleblower who was charged with monitoring a phone call between Trump and a foreign leader. The call in question involves Ukraine and a “promise” that Trump made that alarmed the whistleblower and caused him to make others aware. Less than a month before the complaint was filed, Trump spoke with Ukrainian President Volodymyr Zelenskiy. The inspector general is also examining whether Rudolph Giuliani, Trump’s on-again, off-again adviser, worked with Trump to try to convince Ukraine to help the president in the 2020 U.S. election. As it happens, Giuliani (who confirmed this in a CNN interview) has been chatting up a Ukrainian official in an effort to dig up dirt on Joe Biden.Democrats in Congress have been trying to get relevant paperwork from the intelligence community to determine what happened around all of this. But the White House and the Justice Department have cited the latitude the president enjoys on foreign policy and national security matters and haven’t been forthcoming.Adam Schiff, the Democrat who oversees the House Intelligence Committee, has told the intelligence community he will take legal action if the whistleblower’s complaint isn’t shared with him, signaling yet another possible clash between the executive and legislative branches.For his part, the president, feeling the authority vested in him by the office he holds, took to Twitter on Thursday to let people know he doesn’t understand all the fuss.“Another Fake News story out there — It never ends! Virtually anytime I speak on the phone to a foreign leader, I understand that there may be many people listening from various U.S. agencies, not to mention those from the other country itself. No problem!,” he tweeted. “Knowing all of this, is anybody dumb enough to believe that I would say something inappropriate with a foreign leader while on such a potentially ‘heavily populated’ call. I would only do what is right anyway, and only do good for the USA!” he added.To contact the author of this story: Timothy L. O'Brien at tobrien46@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Timothy L. O’Brien is the executive editor of Bloomberg Opinion. He has been an editor and writer for the New York Times, the Wall Street Journal, HuffPost and Talk magazine. His books include “TrumpNation: The Art of Being The Donald.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
China Tariffs Up to 100%? Pillsbury Says Maybe Yes Is President Donald Trump just playing bad cop, or is he really going to raise tariffs again on China? Nobody knows, probably not even Trump himself. However, according to a report from some guy named Michael Pillsbury, not to be confused with the glutinous consumer-oriented baking […]The post Market Morning: Pillsbury 100% Tariff Threat, Oracle Says Uber Worthless, Panetta War Warning appeared first on Market Exclusive.
KKR & Co said on Friday it appointed former Amazon senior vice president Diego Piacentini as a senior advisor, effective immediately.
The new Light Phone may capitalize on the backlash against smartphone addiction.
Sleep-monitoring slumberwear is coming soon, scientists say.
Adobe's shares have lost their panache of late, and its shares have pulled back 15% from its highs. Strong buying opportunities in Adobe are infrequent, but right now investors are being presented with a margin of safety. Adobe has consistently delivered 22%-24% revenue growth rates.
Netflix will make a "big increase" in its investment in British television production next year, taking advantage of the country's strong story-telling expertise, Chief Executive Reed Hastings said on Friday.
Tens of thousands of students were taking to the streets across Asia and Europe on Friday for a global strike demanding world leaders gathering at a U.N. climate summit adopt urgent measures to avert an environmental catastrophe.
No one has more to say about almost everything than (ORCL) (ORCL) founder Larry Ellison. Ellison, the company’s executive chairman and chief technology officer, and one of the richest people on Earth, has become even more important to Oracle’s day-to-day operations recently, given the recent announcement that co-CEO Mark Hurd is taking time off to deal with a medical issue. In connection with the conference, Oracle assembles a group of entrepreneurs the company supports under a program called Oracle for Startups.
There appears to be more aggressive buying of the online travel giant's shares in recent months.
On Thursday, the vacation rental company issued a simple, one-sentence press release saying it intends to go public in 2020. Datadog (DDOG) lets businesses monitor their software in an online dashboard.
A broader market rally that stretched from Wednesday afternoon into Thursday morning was, in the end, nothing more than the high end of "more sideways." Trading volume dwindled at both of New York's major exchanges. Speaking to individuals whom I consider to be smart people on Thursday afternoon down at the trading floor of the New York Stock Exchange, I heard those two opinions argued in precisely that manner. In recent days here at Market Recon, we have profiled with mixed results several names that appeared poised to at least approach pivot and possibly break out, such as Microsoft Corp. , Northrop Grumman Corp. and ZTO Express Inc. .
Speaking after negotiations on Friday, EU officials criticised British proposals to shelve some discussions over the Irish border until after the UK’s departure. now entailed “a regulatory and customs border on the island of Ireland”, complicating efforts to keep trade flowing after Brexit. Despite a difficult week for Boris Johnson, the UK prime minister has been talking up the chances of securing a deal with Brussels after submitting informal discussion papers — known as “non-papers” — outlining plans to replace the contentious Irish backstop — the insurance policy to avoid a hard border in Ireland after Brexit.
Mid-cap companies can offer large-cap quality with small-cap growth.
Seattle was the first large city to authorize private free-floating bikes in 2017, and now it's beginning the pilot process to do the same with scooters.
Twitter suspended the account of former Saudi royal court adviser Saud al-Qahtani on Friday, nearly a year after he was sacked over his suspected role in the murder of Washington Post journalist Jamal Khashoggi.
Q3 2019 Adobe Systems Inc Earnings Call
Twitter suspended the account of former Saudi royal court adviser Saud al-Qahtani on Friday, nearly a year after he was sacked over his suspected role in the murder of Washington Post journalist Jamal Khashoggi. (Reporting by Maher Chmaytelli, Katie Paul and Foo Yun Chee Editing by Andrew Heavens)
Donald Trump said he did not need to secure a deal with China to end the trade war before the 2020 election, as the US president stressed that he wanted a comprehensive pact and would not settle for a narrow agreement. ,” Mr Trump said, rejecting suggestions that he needed an agreement for his re-election campaign. in Washington aimed at laying the groundwork for higher-level talks in early October that could ease the trade war between the economic powers.
Facebook and Twitter have suspended hundreds of accounts they said were connected to Spain’s People’s party, marking one of the few occasions that social media groups have linked disinformation campaigns to a major political party in western Europe. Twitter said in a blog post on Friday that it had taken down 265 accounts linked to the centre-right party that it identified as “falsely boosting public sentiment online in Spain” through spamming and retweeting.
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
This week wealth manager Charles Stanley sponsored a supplement published with some of the papers. There was some stuff about the social and environmental impacts of investing, as well as the usual warnings about how important it is to get good financial advice and how if you want a “happy and fulfilled retirement” you’d be wise to get on the phone to Charles Stanley ASAP. Ask a wealth manager this and you’ll usually be told there isn’t one single number that can definitely be given to any one investor — it depends on all sorts of things, from the size of the portfolio to the type of service required.
LOS ANGELES, CA / ACCESSWIRE / September 19, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Uber Technologies, ...
Facebook's Mark Zuckerberg met with President Donald Trump on Thursday during a fence-mending visit to Washington where the chief executive faced aggressive questioning from lawmakers about the social network's failures to protect consumer privacy.
00:29
Seeking Alpha
President Donald Trump said in a tweet that he had a "nice meeting" with Facebook CEO Mark Zuckerberg on Thursday and he included a picture of him shaking hands with Zuckerberg in the Oval Office. (Reporting by Eric Beech; Editing by Mohammad Zargham)
19 Sep, 2019
Recently there has been great talk about the shift from growth to value stocks, though growth stocks are not as expensive as they were during the dotcom bubble. Investors should prioritize individual stock-picking over passive investment strategies.
The online pet supplies retailer reported better-than-expected results, but its stock fell anyway.
Snap is in talks with media companies to create a dedicated news tab in Snapchat.
U.S. President Donald Trump and Facebook Chief Executive Mark Zuckerberg had a "good, constructive" meeting at the White House on Thursday, the social media company said in a statement.
We're back to the "will they or won't they" breakout scenario as stocks - and key sectors within the stock market - challenge new all-time or 52-week highs.
And investors are missing that they’re missing something.
Microsoft (MSFT) stock appears to be one of safest mega-cap tech buys out there at the moment, even at its new all-time highs. And it just raised its dividend and announced a new share buyback program.
The New York City subscription software provider is trading on the Nasdaq under the symbol DDOG. Its stock premiered at $40.50 per share, up from the $27 IPO price, before closing the day at $37.55, CNBC reported.
Facebook Chief Executive Mark Zuckerberg has met with some of his company's toughest critics, facing aggressive questions over the social network's failures to protect consumer privacy and a call on Thursday to sell WhatsApp and Instagram.
Even top growth stocks, such as those on the IBD 50 list, sometimes don't go up when expected. Instead they go sideways in a kind of limbo zone.
The parent company of the blogging platform organization plans to expand and accelerate its product roadmap with the funds.
In the latest trading session, ServiceNow (NOW) closed at $268.74, marking a +1.09% move from the previous day.
Cisco Systems (CSCO) closed the most recent trading day at $49.19, moving -0.3% from the previous trading session.
Bay Area activist Shannon Coulter announced the campaign, Force the Issue, on Tuesday in order to pressure 900 large, publicly traded companies to stop requiring their employees to sign off on arbitration clauses agreeing not to sue.
Beyond Meat Inc said on Thursday it has named former Tesla Inc executive Sanjay Shah as chief operating officer, effective Sept. 18.
Because of its vast population distributed in more or less similar countries regarding language, culture and religion, Latin America is an especially compelling region for the emergence of super apps.
Postmates is expected to unveil its IPO prospectus this month.
Neuroscientists are proving the human sense of fear is very different than animals and why it matters.
At least three more major companies are rethinking plastic.
20:32
Yahoo! Finance
There is a time and place where stock buybacks are appropriate such as when the stock price is undervalued and there are no more productive uses for the money, but this can still be speculative.
Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday pledged to make the largest U.S. e-commerce company net carbon neutral by 2040 and to buy 100,000 electric delivery vans from a start-up, as employees and consumers around the world plan protests to address climate change.
20:15
FinancialContent
The cloud-monitoring speedster goes public on Thursday, and it's a winner out of the gate.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Expedia Group Inc (EXPE), where a total of 6,788 contracts have traded so far, representing approximately 678,800 underlying shares. That amounts to about 53.6% of EXPE's average daily trading volume over the past month of 1.3 million shares..
The Delivering Alpha 2019 conference took place Thursday in New York, and this year’s event included a number of Wall Street heavy ...
Adobe (ADBE) released its fiscal 2019 third-quarter earnings results on September 17. Overall, its third-quarter results exceeded expectations.
At the top of Thursday's PreMarket Prep show, the likelihood of follow-through from the late rally in Wednesday's session was ...
The smartwatch may have been killed off years ago.
(Bloomberg) -- Donald Trump wanted to meet Iranian President Hassan Rouhani badly enough to break with his national security adviser, entertain a French initiative that would undercut U.S. oil sanctions on Tehran and defy the wishes of a stalwart ally, Israel.But in the span of ten days that saw John Bolton’s ouster and a brazen drone and cruise missile assault on key Saudi oil facilities, talk of a historic meeting between the two presidents during the United Nations General Assembly in New York next week has withered. Now Iran’s foreign minister is warning there’s a risk of “all-out war.”Saturday’s strike on one of the world’s largest oil installations hit the nerve center of Saudi Arabia’s energy industry, sending a jolt through the global economy and delivering an embarrassing blow to a country that’s at the center of Trump’s Mideast strategy.While Iran was quick to deny involvement, the U.S. and Saudi Arabia blamed the Islamic Republic, without saying whether the attacks were launched from Iranian territory. Trump said on Wednesday that he wanted tougher sanctions on Iran while signaling wariness about getting the U.S. enmeshed in another Middle East conflict.“It’s very easy to attack,” Trump told reporters during a trip to Los Angeles. “How did going in Iraq work out?,” he added of a conflict that he’s long criticized. Yet later in the day he talked tough, saying, “Just one phone call, we could go in -- that might happen.”Landing in Saudi Arabia on Wednesday on a hastily arranged two-day visit, Secretary of State Michael Pompeo signaled his immediate focus was on working with allies, saying the goal of his trip was to “build out a coalition to develop a plan to deter” Iran.Even after the attacks on Saudi Arabia, Trump, who relishes one-on-one meetings with adversaries such as North Korean Leader Kim Jong Un, has predicted Iranian leaders will sit down with him when the time is right. “I don’t think they’re ready yet,” he told reporters on Tuesday. “But they’ll be ready.”At least for now, though, “it’s much harder for the U.S. to be seen meeting with Iran in the aftermath of this action,” Richard Haass, a veteran U.S. diplomat and president of the Council on Foreign Relations, said in an interview. “The U.S. is now weighing its response to the attack, and the question is how do you hit back in a way that doesn’t push diplomacy further away.”If Iran was in fact behind the latest attacks, they signal that the country remains capable of inflicting pain on its regional rivals and the global economy even after U.S. sanctions cut off much of the oil revenue that sustains its economy. Some officials in Tehran believe regime change is America’s ultimate goal and are demanding that sanctions are eased before any talks with Trump.“Dialogue between Iran and the U.S. at the UN is impossible unless the U.S. policies change by that time,” said Diako Hosseini, director of the World Studies Programme at the Tehran-based Centre for Strategic Studies, which advises Rouhani. That echoes the position of Supreme Leader Ayatollah Ali Khamenei, who said on Monday that without “repentance” Trump can forget about talks.On Thursday, Iranian Foreign Minister Mohammad Javad Zarif warned that any U.S. or Saudi strike on his country in response to the attacks on the kingdom’s critical oil facilities would lead to “all-out war.” Later on Twitter, he wrote, “Iran does NOT want war, but we will NOT hesitate to defend ourselves.”Pompeo initially suggested he wouldn’t issue travel visas to Rouhani and Zarif to attend the UN gathering, saying they are “connected to a foreign terrorist organization.” But issuing the documents is a pro forma requirement of the U.S. agreement for hosting the global body and by Thursday, Iranian and U.S. officials said visas had been granted. Bolton’s DismissalNothing did as much to fuel the possibility of a Trump-Rouhani meeting on the sidelines of the UN as Bolton’s dismissal last week. The former national security adviser had a long history of advocating preemptive strikes on Iran and scored an early victory when he joined the Trump administration last year, persuading the president to withdraw from the 2015 nuclear deal brokered by President Barack Obama.With Bolton gone, a meeting with Iran’s leaders would have been another precedent-shattering achievement for a president who has touted his ability to forge personal relationships with authoritarian leaders from Kim to Russian President Vladimir Putin. A meeting during the annual UN gathering of world leaders also would have been relatively easy to organize because Trump and Rouhani were expected to be in New York, staying just a few blocks apart.With Trump having a penchant for dismissing the advice of his top aides, the bigger hurdle to such talks always seemed to be the Iranians and the political calculus they would face: a meeting that didn’t result in eased sanctions would be seen as a humiliating “photo op” that would undermine the regime.Mindful of the potential pitfalls, Iranians have long favored quiet talks or discussions through intermediaries instead. Iranian leaders have in recent weeks pressed European nations that are still in the 2015 nuclear deal to help broker a breakthrough that would allow it to get its crude back on the market.Losing Face“If Iran came to the table tomorrow, without caveats, it would lose face,” said Ariane Tabatabai, adjunct senior research scholar at Columbia University’s School of International and Public Affairs.European sponsors of the nuclear deal had grown optimistic that Trump might reverse course and help salvage the accord, albeit with tougher restrictions on Iran. French President Emmanuel Macron floated a $15 billion financial package that would ease the pressure of U.S. sanctions and Trump at one point suggested he might go for the idea.Instead, the attacks in Saudi Arabia have sparked a discussion of how the U.S. and its allies should retaliate, casting a pall over the fitful efforts at diplomacy.European officials are now choosing their words carefully -- trying to keep their efforts to salvage the accord separate from any coordinated response to the strike on Saudi Arabia. U.K. Ambassador to the UN Karen Pierce said her country was still assessing where the attacks came from, but acknowledged that the bombing complicates diplomatic efforts.Pierce predicted lower expectations for an impromptu meeting even if Rouhani and Zarif come to New York, saying “I’m not expecting them to be walking down the same corridor at the same time” as Trump. Still, she added, “Meetings can happen at a very short notice in the margins of UNGA.”Trump left the thinnest of cracks open this week to talks, appearing to contradict his secretary of state by saying Rouhani should be allowed to come to UN.“I would let them come,” he said. “I’ve always felt the United Nations is very important.”(Updates with Iranian officials getting their visas to travel to New York in 12th paragraph.)\--With assistance from Glen Carey.To contact the reporter on this story: David Wainer in New York at dwainer3@bloomberg.netTo contact the editors responsible for this story: Bill Faries at wfaries@bloomberg.net, Larry LiebertFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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FinancialContent
It’s not the sexiest tech IPO in a year of A-list names, but shares of Ping Identity Holding Corp. are up sharply, pushing the software company past $1 billion in market value.
(Bloomberg) -- Iran’s foreign minister warned that any U.S. or Saudi strike on his country in response to the attacks on the kingdom’s critical oil facilities would lead to “all-out war.”In an interview with CNN, Javad Zarif reiterated that Iran wasn’t involved in the weekend attacks and hoped to avoid a conflict. He said Yemen’s Iran-backed Houthi rebels, who have been fighting a Saudi-led coalition for four years and claimed responsibility, had the capability to carry out such a sophisticated operation.“I cannot have any confidence that they did it because we just heard their statement,” Zarif said. “I know that we didn’t do it. I know that the Houthis made a statement that they did it.”Saudi and U.S. officials have said that the drones and missiles used were made by Iran, had never before been deployed by Iranian proxy groups, and came from a northerly direction, ruling out Yemen as a launch site. But they stopped short of saying the strikes were launched directly from or by the Islamic Republic, claims that could have propelled a drift toward war. The attacks caused an unprecedented surge in oil prices.Asked what the consequence of a U.S. or Saudi military strike on Iran would be, Zarif said: “All-out war,” CNN reported.“I make a very serious statement about defending our country,” he said. “I am making a very serious statement that we don’t want to engage in a military confrontation.”The attacks have damped speculation that President Donald Trump and his Iranian counterpart, Hassan Rouhani, could meet at the United Nations General Assembly in New York next week. The U.S. reimposed sanctions on Iran after exiting the 2015 nuclear deal, kicking off a year of increasingly fraught relations. Nevertheless, Iranian officials signaled they had their visas to travel to New York.The disputed weekend attacks sent tensions in the Gulf soaring to new heights.U.S. Secretary of State Mike Pompeo held talks in the United Arab Emirates on Thursday after visiting the Saudi Arabian city of Jeddah, as the allies plot their next move.Talking to reporters, Pompeo said he’d gathered “important information about how it is we should think about proceeding,” adding that Trump still wants a peaceful resolution to the issue.Pentagon officials were more direct, saying they would defer to Saudi authorities.“We’re going to allow the Saudis to make the declarations of where the attacks came from,” Defense Department spokesman Jonathan Rath Hoffman told reporters Thursday. He added that ‘all indications” are that Iran is “in some way responsible.”Trump, who as a candidate campaigned to end America’s foreign wars, initially declared the U.S. “locked and loaded” for a response, and on Thursday said it was possible there wouldn’t be a “peaceful solution.”But he’s also announced a tightening of sanctions on Iran, adding to the sense that he’s working to avoid another military conflict in the Middle East.(Updates with Pentagon comments starting in 11th paragraph)\--With assistance from Tony Capaccio and Glen Carey.To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.netTo contact the editors responsible for this story: Lin Noueihed at lnoueihed@bloomberg.net, Bill Faries, Larry LiebertFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Facebook Inc. CEO Mark Zuckerberg kicked off a lobbying trip to the capital by sparring with senators at a private dinner over a range of online woes including election security, privacy and competition.
Top tickers for midday: MSFT, AAPL, T, ROKU, BABA, FB, X, NFLX, AMD, SNAP, AMZN, TSLA, BAC, MDR, M, FDX, MU, NVDA, BA, DIS.
Users under 18 are being blocked from seeing some diet and cosmetic surgery posts.
SmarTrend identified an Uptrend for Ebay Inc (NASDAQ:EBAY) on January 9th, 2019 at $30.07. In approximately 8 months, Ebay Inc has returned 35.62% as of today's recent price of...
Two top technology investors cautioned against drawing broad conclusions about the valuation of private companies from questions swirling around U.S. office-sharing startup WeWork.
Facebook CEO Mark Zuckerberg is meeting with lawmakers on Capitol Hill for a second day on Thursday as part of an effort by the social media giant to mend its reputation as it faces a slew of government investigations.
Katie Waldman is currently the communications director for Arizona Republican Martha McSally. Before that, she served as deputy press secretary for the DHS, where she was a public defender for the Trump administration and it’s controversial policies at the border. Her next gig, according to NBC News: press secretary for Vice President Mike Pence
(Bloomberg Opinion) -- Many of us have been fixated on WeWork’s struggle to go public and the disastrous post-IPO stock performance of high-profile startups Uber Technologies Inc. and Lyft Inc. But as has often been true in the last few years, the tale is different for the unglamorous tech companies that are running circles around their cool peers.The latest example is Datadog Inc., which helps companies monitor the health of their apps and computing infrastructure; it sold its first batch of public stock late Wednesday. If you fell asleep reading the description, let me wake you up by saying that the company’s most recent pre-IPO investors(1) have a nearly 1,100% gain on their shares in less than four years,(2)according to figures from EquityZen, a marketplace for private stock sales. The earliest Datadog stock buyers from 2011 have a nearly 50,000% gain.In a non-systematic look at more than a dozen other tech companies that have gone public in the past couple of years, the stock gain for Datadog’s pre-IPO investors is at or near the top of the leader board. Repeatedly, the less-buzzy startups like Datadog that sell cloud-subscription software to businesses have been the ones that deliver the goods for early backers. There have been exceptions, but companies like Zoom Video Communications Inc. and Slack Technologies Inc. — the coolest of the Zzzz crowd — have tended to produce strong returns for pre-IPO investors, and their public shares have typically done well, too.Investors, both public and private, love these software-as-a-service companies. Generally their technology is better than anything that came before — if there was an old-guard technology with similar functions — and once businesses use the software and stitch it together with email, calendars, information databases and other corporate systems, it can be tough to ditch. If they’re managed properly, these business software companies can grow fast and predictably.Among the tech companies that have gone public on U.S. stock exchanges since the beginning of 2018, nine of the top 10 by stock gains from their IPO price are software companies that sell to businesses, according to data compiled by Bloomberg. (No. 1 is Zscaler Inc., whose share price has more than tripled since its March 2018 IPO, despite a recent drop.)What are the lessons here? Well, not surprisingly, it may be that the consumer-oriented tech companies with lots of attention as startups may be great companies but not necessarily great investments if the hype leads to overvaluation. That’s particularly true — as in the cases of Uber, Lyft and WeWork — when public company investors are far more dubious than private investors about companies with unproven business models and unsteady financial metrics. The other lesson may be that you’re in luck if you founded a company in a sector like business software that, at least for now, is the apple of investors’ eyes. I have my doubts about how long these software-as-a-service companies can stay viable. When there is an economic downturn and companies take a hard look at what they’re spending on technology, there are going to be software bills they can live without. That swings the advantage to the big software supermarkets like Oracle, Microsoft and Amazon, which can offer companies discounts on a range of technologies. Some young business software companies are also spending big to grow in a way that may not be sustainable, and their corners of the market may not be as big as optimists expect. These young cloud software companies are also priced for growth to the point where they are vulnerable to any hiccup in customer acquisition numbers or revenue gains. That has happened recently, when companies like Zscaler, Alteryx Inc., PagerDuty Inc., CrowdStrike Holdings Inc. and New Relic Inc. reported wobbly financial results, changes in management or were just infected by worries from other companies in their sector. Still, Datadog shows the benefit of being the right kind of business at the right time. Bloomberg News reported Wednesday that Cisco Systems Inc. approached Datadog recently with a takeover offer significantly higher than the $7 billion valuation it had been shooting for in an IPO. (As of Thursday’s early stock market trades, Datadog is valued at about $11 billion, excluding the value of shares held by employees and others.)Datadog was apparently confident enough in its prospects to turn that down and opt to go public. The uncool companies truly are that cool.A version of this column originally appeared in Bloomberg’s Fully Charged technology newsletter. You can sign up here.(1) Those investors include Iconiq Capital, the investment fund that has managed money forMark Zuckerberg of Facebook and other affluent people and institutions in Silicon Valley and beyond. Other stock buyers included Index Ventures, OpenView Ventures, Amplify Partners and Contour Ventures, Datadog announced in early 2016.(2) I will say that it's unusual for tech startups these days to go public without selling stock or doing other cash collections in the four years before an IPO. Some startups can't go four weeks without needing fresh cash.To contact the author of this story: Shira Ovide at sovide@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
After years of hearing about blockchain and how it will disrupt logistics and other industries, projects using the technology are ...
The NYSE has hosted a number of this year's high-profile IPOs this year but Airbnb won't be one of them. Airbnb is planning its public listing for 2020. Cowen CEO & Chairman Jeff Solomon joins Yahoo Finance's Adam Shapiro, Julie Hyman, Andy Serwer, and Hennion & Walsh Asset Management President Kevin Mahn from the New York Stock Exchange to discuss the current IPO market.
16:22
FinancialContent
After taking on the traditional hospitality industry, the San Francisco-based travel giant is now getting ready to take on the stock market.
Shares of Datadog Inc, a data analytics and cloud monitoring company, surged nearly 50% in their market debut, after pricing its initial public offering above expectations.
The streaming giant just secured the global streaming rights for Seinfeld in a five-year deal reportedly worth over $500 million.
The recent shift in stock-market leadership was to cyclical stocks from defensive sectors, not to value.
Home rental giant Airbnb said it plans to list its shares in 2020, making it one of the most high-profile names to tap the stock market next year. (https://bit.ly/2mqasWw)
Silicon Valley is terrified. In a little over three months, California will see the widest-sweeping state-wide changes to its privacy law in years. California’s Consumer Privacy Act (CCPA) kicks in on January 1 and rolls out sweeping new privacy benefits to the state’s 40 million residents — and every tech company in Silicon Valley. California’s […]
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Entergy Corp (ETR) has taken over the #23 spot from Alphabet Inc (GOOG), according to ETF Channel. Below is a chart of Entergy Corp versus Alphabet Inc plotting their respective rank within the S&P 500 over time (ETR plotted in blue; GOOG plotted in green): var SC_width = "600"; var SC_height = "340"; var SC_clientId = "bnkinvest"; var SC_type = "pointline"; var SC_period = "1y"; var SC_chartBackgroundColor = "FFFFFF"; var SC_gridLocation = "background"; var SC_gridBackgroundColor = "FFFFFF"; var SC_gridColor = "DDDDDD"; var SC_axisColor = "DDDDDD"; var SC_symbols = "ETR,GOOG"; var SC_showHighsLows = "no"; var SC_movingAverages = "no"; var SC_movingAverageColors = "FF8800,009900"; var SC_symbolLabels = "no"; var SC_labelSide = "left"; var SC_lineThicknesses = "8,8"; var SC_lineColors = "132B77,13772B"; var SC_showPrevClose = "no"; var SC_prevCloseColor = "990000"; var SC_fillBelowLine = "no"; var SC_fillColor = "FFFFFF"; var SC_fillColor2 = "FF0000"; var SC_smoothChart = "yes"; var SC_smoothFonts = "yes"; var SC_fontFace = "Arial"; var SC_fontSize = "2"; var SC_labelColor = "000000"; var SC_bottomLabels = "12/17/18, , , , , , ,2/1/19, , , , , , ,3/19/19, , , , , , ,5/8/19, , , , , , ,6/21/19, , , , , , ,8/6/19, , , , , , ,9/19/19"; var SC_beforeLeftLabels = "Rank-"; var SC_afterLeftLabels = " out of 500"; var SC_leftLabelsEvery = "20"; var SC_leftBuffer = "120"; var SC_rightBuffer = "35"; var SC_bottomBuffer = "30"; var SC_bottomTableHeight = "30"; var SC_showVolumeTable = "no"; var SC_showLegendTable = "yes"; var SC_volumeColor = "FFFFFF"; var SC_bkgImage = ""; document.
A ridiculous name, a late arrival, and a lack of compelling content could doom NBC’s new streaming service.
Marriott International's aggressive portfolio growth strategy is fueled by company ambitions to make its Bonvoy loyalty program as complete as it can be. Speaking at the 2019 Skift Global Forum in New York City Thursday, Marriott Chief Financial Officer Leeny Oberg referred to Bonvoy as the perfect antidote to lure customers into existing and pending […]
On CNBC's "Mad Money Lightning Round,"Jim Cramer said Trade Desk Inc (NASDAQ: TTD) is oversold, but ...
FRIDAY DEADLINE REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Netflix, Inc.
Media and communications company Comcast Corp has agreed to a distribution deal with digital global sports provider DAZN Group, further blurring the line between traditional television operators and the streaming services that have disrupted them.
Home rentals giant Airbnb said it plans to list on stock exchanges in 2020, making it one of the most high-profile market debuts next year. (https://bit.ly/2mqasWw)
Zacks Earnings Trends Highlights: Oracle, Adobe Systems, FedEx, General Mills and JPMorgan
Software executive Marc Randolph co-founded Netflix Inc (NASDAQ: NFLX) with Reed Hastings in 1997, and the top priority from day one was ...
Expedia Group is hoping that this year's rebranding of its home rental business Vrbo will accelerate the unit's growth. The marketing push is coming as the rivalry heats up among it and other booking services for apartments, homes, and hotel rooms. Mark Okerstrom, president and CEO of Expedia Group, wore a t-shirt branded Vrbo on […]
Investors in Snap Inc (SNAP) saw new options become available this week, for the January 2022 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 855 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration..
Oracle (ORCL) forms alliance with Box with an aim to aid enterprises to access and manage critical content and accelerate digital workflows efficiently.
Shares of Oracle Corp (NYSE:ORCL) opened today above their pivot of $52.44 and have already reached the first level of resistance at $52.94. Investors may be interested in a...
(Bloomberg) -- Cisco Systems Inc. approached software company Datadog Inc. in recent weeks with a takeover offer significantly higher than the $7 billion valuation it aimed for in its initial public offering, according to people familiar with the matter.Datadog rebuffed the advance to pursue a stock listing because it felt it could be worth more as a public company over time, according the people, who requested anonymity because the talks were private. Talks between Cisco and Datadog are no longer active and Datadog is committed to going public, they said.A representative for Cisco declined to comment. Datadog couldn’t immediately be reached for comment.Cisco rose less than 1% to $49.72 at 10:12 a.m. in New York trading, for a market value of about $211 billion. Several rivals to Datadog also gained, including New Relic Inc., up 5.8%, Splunk Inc., which rose 3.9% and Elastic NV, which rose 3.1%.Datadog raised $648 million in its U.S. IPO Wednesday, selling 24 million shares for $27 each after marketing them at $24 to $26. The listing values Datadog at $7.83 billion.Software companies that power business processes have delivered some of this year’s best IPO debuts thanks to high margins and solid revenue. Zoom Video Communications Inc. and Crowdstrike Holdings Inc. have doubled in value since they began trading and are among the ten best performing offerings this year, according to data compiled by Bloomberg.In 2017, Cisco succeeded in buying a company on the eve of its IPO. It acquired AppDynamics Inc. for $3.7 billion right before the data analytics company was set to price its listing.(Updates share prices in fourth paragraph, details about IPO in fifth.)\--With assistance from Crystal Tse.To contact the reporters on this story: Liana Baker in New York at lbaker75@bloomberg.net;Gillian Tan in New York at gtan129@bloomberg.net;Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net, Liana Baker, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investing in companies that provide growth capital to promising start-ups can be financially rewarding.
The major stock indexes were modestly higher early Thursday. Dow Jones stock Microsoft is breaking out above a new buy point.
Shares of Alphabet Inc-C (:GOOG) opened today above their pivot of $1228.18 and have already reached the first level of resistance at $1239.84. Investors may be interested in a...
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Netflix, Inc. ("Netflix" or "the Company") (NASDAQ: NFLX) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Netflix securities between April 17, 2019 through July 17, 2019, both dates inclusive. Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/nflx.
Codenamed Orion, Facebook's (FB) smart glasses are reportedly being designed to disrupt the smartphones market when it hits the shelves anywhere between 2023 and 2025.
The growth in holiday retail sales bodes well for ecommerce providers like Amazon (AMZN), Walmart, Target, eBay and Etsy.
(Bloomberg) -- Masayoshi Son, who built a $15.2 billion fortune investing in tech startups like Alibaba Group Holding Ltd., is betting on himself more than ever, even as his empire shows signs of vulnerability.The SoftBank Group Corp. founder has pledged 38% of his stake in the Japanese firm as collateral for personal loans from 19 banks, including Credit Suisse Group AG and Julius Baer Group Ltd., according to a June regulatory filing. That’s up from 36% at the start of the year and triple the level in June 2013.“It lets him monetize a large share of his wealth without foregoing influence over the firm,” said Michael Puleo, assistant professor of finance at Fairfield University’s Dolan School of Business in Connecticut. “But there’s an elevation of crash risk. If the share price falls low enough, he could get a margin call and that could be pretty costly.”The structure highlights the extent of Son’s exposure to SoftBank and its $100 billion Vision Fund. Shares in the Japanese conglomerate have been rocked recently by the postponement of WeWork’s initial public offering. The delay came after the office-rental unicorn was being marketed at a steep discount to the $47 billion figure that the Tokyo-based conglomerate invested at earlier this year. That’s spooked investors, who’ve sent SoftBank’s shares down 4.6% this week through Thursday as the listing unraveled, knocking about $700 million off Son’s net worth. The stock has still advanced 26% this year.Son, 62, also has leveraged his stake in the Vision Fund, which invests in tech startups. That boosts his returns if things go well, with outsized losses if they don’t. Uber Technologies Inc.’s falling market capitalization and WeWork’s travails are set to dent the 62% return on the fund that SoftBank reported through March.“There is a danger in companies where the founder calls all the shots regardless of whether there are loans,” said Robert Pozen, a senior lecturer with the MIT Sloan School of Management in Boston. “And when founders borrow a lot against their shares, they might be more tempted to make riskier decisions,” he said, adding that borrowing against 5% of one’s stake is usually considered prudentd.Pay OutSoftBank’s compensation plan also involves a lot of debt. Son loaned himself around $3 billion to invest in the first Vision Fund, according to people with knowledge of the matter, who asked not to be identified because the information isn’t public. Using loans for a private investment compounds Son’s risk because he would be less able to bail himself out if things go south, Pozen said.The loan was swapped for equity in the fund and will generate profits when deals make money -- and losses when they don’t. Vision Fund employees, including high-profile bankers and investors, receive base salaries and bonuses, but only get payouts when profits are booked.It’s unclear how much of this compensation will be reported in SoftBank’s next annual report. Son’s pledged shares, which currently have a market value of $9 billion, are excluded from his net worth calculation by the Bloomberg Billionaires Index. SoftBank spokeswoman Hiroe Kotera declined to comment.SoftBank is planning to lend as much as $20 billion to its employees to buy stakes in a second venture capital fund, the people said. Son may account for over half of the employee investment pool, they said.Ellison, MuskPledged shares have become an increasingly common way for founders to unlock the value of a stake without selling shares. Larry Ellison has a history of pledging Oracle Corp. stock to fund a lavish lifestyle, which includes trophy properties, America’s Cup teams and the Indian Wells tennis tournament. About 27% of his Oracle shares -- worth more than $16 billion -- are currently pledged. Elon Musk has pledged about 40% of his stake in Tesla Inc., according to a May 2019 filing.Still, the move comes with risks. “If the price of our common stock were to decline substantially, Mr. Musk may be forced by one or more of the banking institutions to sell shares of Tesla common stock to satisfy his loan obligations if he could not do so through other means. Any such sales could cause the price of our common stock to decline further,” Tesla warned in a filing.The risk-loving Son, who saw $70 billion wiped from his fortune in the dot-com crash, is unlikely to be fazed. He told shareholders at the company’s June meeting that SoftBank’s investment portfolio could grow 33-fold to 200 trillion yen ($1.8 trillion) in 20 years.(Updates Son’s net worth in fourth paragraph.)\--With assistance from Pei Yi Mak, Sonali Basak, Ben Stupples and Venus Feng.To contact the reporters on this story: Giles Turner in London at gturner35@bloomberg.net;Tom Metcalf in London at tmetcalf7@bloomberg.net;Pavel Alpeyev in Tokyo at palpeyev@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Steven Crabill, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Airbnb said on Thursday that it intends to go public in 2020, ending much speculation about the timing of one of the most-anticipated IPOs in travel. The news came after Airbnb said Wednesday it generated revenue of more than $1 billion in the second quarter of its 2019 financial year — the second time in […]
Microsoft (MSFT) stock rose 1.19% in extended trading yesterday after the tech giant announced a new share buyback program and dividend increase.
Accenture, Ferrari, GAP, OUTFRONT Media, and SKY Brasil among those recognized as 2019 Oracle Excellence Award Winners
The highflier took a hit yesterday on news that the competition is heating up -- but it isn't as bad as it looks.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P 500— Pure Growth ETF (RPG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $132.28 per unit.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Guru Activist Index ETF (ACTX), we found that the implied analyst target price for the ETF based upon its underlying holdings is $0.00 per unit.
The curse of the early mover could be about to strike.
And why it's a smart move.
Media and communications giant Comcast Corp has struck a distribution deal with digital global sports provider DAZN Group, further blurring the line between traditional television operators and streaming services that have disrupted them.
Innovent Biologics of Suzhou announced its Avastin (bevacizumab) biosimilar produced similar results to the original drug in a double blind Phase III trial. Both drugs were administered together with paclitaxel/carboplatin as a first-line treatment in patients with advanced non-small cell lung cancer (NSCLC). Innovent presented the data at the Chinese Society of Clinical Oncology (CSCO) earlier today. In late 2018, Innovent was approved to market its PD-1 drug, Tyvyt®, in China, the company's first launched product. More details.... Stock Symbol: (HK: 01801) Share this with colleagues:
A $35 million gift from Salesforce.com Inc. co-founder and co-CEO Marc Benioff and his wife Lynne targets research in prostate cancer, which killed Marc Benioff's father in 2012. The gift is the latest in a succession of philanthropy from the Benioffs to UCSF, most notably the largest gift behind construction of UCSF Benioff Children's Hospital in Mission Bay and the ongoing work at UCSF Benioff Children's Hospital Oakland. Most recently, the couple gave $35 million last month to UCSF and Stanford University to study the role microbes play in asthma, allergies, multiple sclerosis and other conditions.
Expedia shows rising price performance, earning an upgrade to its IBD Relative Strength Rating
Speaking to the Financial Times, the telecoms equipment company boss said that the technology of the future would be built by American, European and Chinese providers — rejecting the idea of a “decoupling” or separation between the western and Chinese digital economies. “I actually think that both of our governments understand the economic value of getting something done, and I think they also understand the future economic value of not Balkanising digital infrastructure,” Mr Robbins said. “We will figure it out.
But wouldn't that cash have been better spent on new original shows?
18 Sep, 2019
The streaming wars are heating up, and platforms are paying big bucks for known quantities.
AT&T Inc and Dish Network Corp are not in discussions over a deal due to regulatory issues, a source familiar with the matter said on Wednesday, after the Wall Street Journal reported https://on.wsj.com/2kS2Hbs the wireless carrier was considering parting ways with its satellite TV division DirecTV.
Cisco Systems Inc. once again tried to swoop in and acquire a company as it ramped up for an initial public offering, but failed this time with a premium-valued bid for Datadog Inc. , according to a report late Wednesday. With cloud-monitoring company Datadog set to price its IPO Wednesday, Bloomberg reported that Cisco tried to scoop up the company for more than $7 billion. Datadog set its IPO pricing range at $24 to $26 a share on Tuesday, up from a previous range of $19 to $22 a share. Back in 2017, Cisco agreed to acquire data startup AppDynamics for $3.7 billion just before its IPO. Datadog rebuffed the offer and committed to its IPO, according to Bloomberg.
AT&T Inc and Dish Network Corp are not in discussions over a deal due to regulatory issues, a source familiar with the matter said on Wednesday, after the Wall Street Journal reported https://on.wsj.com/2kS2Hbs the wireless carrier was considering parting ways with its satellite TV division DirecTV.
The telecom and media giant is taking a page out of Roku's playbook.
Snap (SNAP) closed at $16.91 in the latest trading session, marking a +0.48% move from the prior day.
In an era when flight shaming is becoming a thing and destinations are becoming increasingly aware of overtourism issues, TripAdvisor CEO said additional pressure on the travel industry to develop sustainable practices can't hurt. Asked whether in a few years Big Travel might become akin to a seeming slur like Big Tech, Kaufer said he […]
Adobe has consistently produced strong growth numbers, and investors can expect more of the same in the quarters ahead.
The Nasdaq fell 1.2% intraday, but the stock market rallied furiously into the close after Jerome Powell hinted at more quantitative easing.
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Seeking Alpha
The social networking giant has smart augmented reality glasses in the works.
Peacock TV is taking a different approach to standing out in a crowded field of streaming providers.
Handicapping the Q3 2019 Earnings Season
After a couple of quiet days for equity investors, we finally got some action in the stock market today. The move comes after the Federal Reserve announced a 25 basis point reduction in the Fed Funds rates.Just the day before, we had noted that the likelihood went from a sure-fire rate cut a few weeks ago to a coin toss. Well, the Fed delivered with lower rates and Fed Chair Jerome Powell said the Fed will be accommodating in the future.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe SPDR S&P 500 ETF (NYSEARCA:SPY) climbed 0.1%, the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) rallied 0.2% and the Invesco QQQ Trust (NASDAQ:QQQ) slipped 0.04%. Fed CutsWhile the Fed statement says it will be accommodating, the group does not seem interested in a spree of rate cuts. That's according to the voting members and where they stand in regards to cutting rates both this month and throughout the rest of the year.That's not to say they will not cut rates -- the Fed overall sees at least one more rate cut this year -- but the group's stance caused some dovish investors to recoil initially. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Have no fear, though. While Powell said he doesn't anticipate negative interest rates, such as in the European Union, he also said the Fed may have to raise its balance sheet sooner than expected. Further, the Fed will only stop taking accommodating action once it is warranted.If anything, it was a reassuring meeting where equity investors got the rate cut they wanted and heard the Fed has their back. Powell called it an "insurance" move, and that's exactly what it was. Roku WreckedDespite the accommodating stance of the Fed, Roku (NASDAQ:ROKU) was smashed on the day. Shares had already declined notably from its highs near $176, but they were holding up pretty well between $140 and $150 as the 20-day moving average was buoying the stock.That is, until today.Despite Guggenheim analysts maintaining their "buy" rating and moving their price target from $119 to $170, the stock plunged more than 14% at one point. The stock came within this close of hitting its 50-day moving average on the decline.From a trading perspective, it's got some investors wondering if ROKU will test and hold this mark, or if it will knife right through it like so many other red-hot tech stocks did earlier this month.In any regard, the decline comes as both Facebook (NASDAQ:FB) and Comcast (NASDAQ:CMCSA) announce over-the-top products and platforms. Increasing competition, especially from these juggernauts, dealt a blow to Roku today. Let's see where it ends up finding support. Movers in the Stock Market TodayAdobe Systems (NASDAQ:ADBE) initially took a tumble after reporting earnings. The company beat on earnings and revenue expectations, but provided lower-than-expected guidance for next quarter. As such, shares sank 1.8% on the day.(Here's how to trade Adobe stock now, by the way).Shares of FedEx (NYSE:FDX) were creamed on Wednesday and deservedly so. Revenue was flat year-over-year and in line with expectations, while earnings missed analysts' expectations. Worse, the company cut its full-year revenue and earnings outlook, with the midpoint of the latter coming in roughly 16% below consensus estimates. Shares fell almost 13% and hover just above its 52-week lows. The result is also ushering in a slew of Wall Street downgrades.Chewy (NYSE:CHWY) fell 6.2% after the company reported earnings. Revenue grew 43% year-over-year and topped expectations, while earnings missed estimates. However, margins expanded and EBITDA topped estimates. Let's see how this recent IPO does in the coming days and weeks.General Mills (NYSE:GIS) slipped 0.9% after beating earnings and missing on revenue expectations. Management reaffirmed its full-year outlook and while the quarter wasn't great, it wasn't terrible either. With that 3.6% yield and the Fed cutting interest rates again, it may be enough to keep investors going to GIS.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post Stock Market Today: Federal Reserve Cuts Rates; Roku Tumbles appeared first on InvestorPlace.
Booking Holdings has something Expedia doesn't.
A trio of earnings announcements set the tone at the top of Wednesday's PreMarket Prep show. And none were good. FedEx, Chewy, ...
Software company posts earnings, revenue beat Continue reading...
It has been a quiet week, but stocks were on the move Wednesday after the Fed announced it would cut interest rates by 25 basis points. Let's look at a few top stock trades going forward. Top Stock Trades for Tomorrow 1: RokuRoku (NASDAQ:ROKU) was by far the top focus on Wednesday, with shares falling more than 14% at one point. The fall comes despite the stock consolidating at its 20-day moving average and receiving a nice price target increase on the day. However, both Facebook (NASDAQ:FB) and Comcast (NASDAQ:CMCSA) announced over-the-top streaming products for its customers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt seems like investors were just looking for an excuse to sell Roku. After all though, shares ran from ~$100 pre-earnings to more than $175 a month later. As if a 75% rally in one month weren't absurd enough, shares were up almost four-fold from the December lows before that rally. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars So what now?Shares puked right down into the 50-day moving average. Is it still enough to unwind that overbought condition? We won't know until ROKU puts in a few more sessions. Right now, it certainly looks like more losses could be on the way.Perhaps not in the next day or two, but looking forward to the intermediate term. That said, we don't have a crystal ball and we need to keep watch day by day.At $120, Roku stock would be back to its gap-up post-earnings open and at the 38.2% retracement. Should we get a Q4 swoon where the market is hit hard, one could see a scenario where Roku is back down into the $100 to $110 level.A reversal could change the tune for Roku, with bulls back in control if shares reclaim the 23.6% and the 20-day moving average. Let's start with the 50-day and see how Roku does from there. Top Stock Trades for Tomorrow 2: Adobe SystemsAdobe Systems (NASDAQ:ADBE) fell after reporting earnings, but held a very key spot. Support came into play from the 200-day moving average and uptrend support (blue line).I would love to see ADBE stock reclaim the key $277 level, as well as the 20-day moving average. In this event, look for a possible rally up to the 50-day moving average.Below Wednesday's low is cause for concern for longs. Top Stock Trades for Tomorrow 3: Beyond MeatBeyond Meat (NYSE:BYND) is on the move lower after Tim Horton's will reportedly pull BYND's products from most of its locations.So far though, BYND remains mostly range-bound. Below uptrend support near $145, and range support at $140 is on the table. Below that mark certainly raises a red flag for bulls, but if it holds, a rebound could be in store.Should support hold or should Beyond not even fall to that point, look for a possible rally to range resistance near $170 and the 50-day moving average, currently near $168. Top Stock Trades for Tomorrow 4: Bristol-Myers SquibbAfter hitting a low point in July, Bristol-Myers Squibb (NYSE:BMY) stock has been slowly but surely making its way higher. Remember it's in the midst of acquiring Celgene (NYSE:CELG) too.In any regard, look to see if we can get a move over $50. If so, it puts a run up to $53 on the table. * 7 Momentum Stocks to Buy On the Dip On the downside, I want to see prior short-term resistance near $48 act as support. Below uptrend support and/or the 20-day moving average, and BMY may need more time to setup.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long CELG. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post 4 Top Stock Trades for Thursday: ROKU, ADBE, BYND appeared first on InvestorPlace.
The slippery slope of data has never been more crucial, former President Barack Obama warns in a far-ranging fireside chat at a tech conference in San Francisco on Wednesday.
Baffle Named a 2019 “Cool Vendor” in Privacy Preservation in Analytics by Gartner
The company’s perpetual free tier is generous, and it could drive cloud database adoption.
Gov. Gavin Newsom has signed Assembly Bill 5, which radically changes the state's employment laws and in many cases will make employees out of independent contractors.
Both companies are struggling to understand what this competitive e-commerce environment means for future guidance.
The “back-to-school essentials” spot sees kids using scissors and skateboards to protect themselves from an active shooter.
The worst performing sector as of midday Wednesday is the Industrial sector, showing a 0.7% loss. Within that group, FedEx Corp (FDX) and Flowserve Corp (FLS) are two of the day's laggards, showing a loss of 13.7% and 2.7%, respectively..
Google is up against a lot of scrutiny from U.S. regulators, which overshadows its legal win in Germany, self-driving prowess and strategic wins at traditional automakers.
Enterprise software has been one of the most notable bright spots in the tech world. Just look at some of the recent IPOs which have soared in value from companies like Zoom Video Communications (NASDAQ:ZM) and Elastic (NYSE:ESTC) But even mature firms, like Microsoft (NASDAQ:MSFT) and Adobe (NASDAQ:ADBE), have rejuvenated their businesses.Source: JHVEPhoto / Shutterstock.com And then there is IBM (NYSE:IBM). The company whiffed on the cloud. It also whiffed on mobile. And even in AI (artificial intelligence) - in which IBM has invested for a long time - the results have been mixed.The irony is that IBM should have been a huge beneficiary of these trends. It has a trusted brand, a global footprint (it has 60 datacenters across the world) and a massive customer base. But unfortunately, the company did not adapt quickly enough.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars The Good News for IBM StockDespite all its problems, IBM is still healthy from a financial standpoint, as it continues to generate substantial cash flows. The company also has incredibly talented employees.More importantly for IBM stock, the company has made critical moves to restructure its operations. Specifically, it has eliminated jobs and unloaded non-core assets, while also retooling its software to keep up with the competition.But I think the most consequential point is that the company has been willing to make big bets, as shown by its $34 billion mega-acquisition of Red Hat.True, there is a good deal of irony in this deal. When Linux and other open-source software platforms emerged in the 1990s, IBM's reaction was to fight back - and hard.But it was a losing battle. Open-source software has become a critical part of companies' arsenals. So with the Red Hat deal, IBM has become the leader of the space.There are clear benefits to open-source software. Specifically, adoption of it can be rapid because the technology is free and it's continuously being updated by developers.Red Hat has been able to leverage its technology to create an extensive platform that enables a hybrid cloud environment. Because of security, privacy and regulatory concerns, larger companies need to combine different, i.e. hybrid, options when it comes to the cloud. For example, they can utilize a mix of private and public clouds. Among the companies that provide public cloud infrastructure are Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and MSFT. As a result of this need for flexibility, the flexibility of the open-source model, for the most part, has proven to be spot-on.As part of IBM, Red Hat will benefit from the tech giant's tremendous distribution capabilities. What's more, the cloud opportunity is still massive. IBM believes that the typical enterprise has only transitioned 20% of its data to the cloud.Here's what the Senior Vice President and Chief Analyst of research firm IDC , Frank Gens, said about the acquisition of Red Hat: "As organizations seek to increase their pace of innovation to stay competitive, they are looking to open source and a distributed cloud environment to enable a new wave of digital innovation that wasn't possible before. Over the next five years, IDC expects enterprises to invest heavily in their journeys to the cloud, and innovation on it. A large and increasing portion of this investment will be on open hybrid and multicloud environments that enable them to move apps, data and workloads across different environments."In other words, the deal has the potential to generate growth for IBM and should help make Big Blue a major player in cloud computing. That should definitely be positive for IBM stock. The Bottom Line On International Business Machines StockI can understand why there is lots of skepticism regarding the bull case on IBM stock. Consider that, over the past five years, IBM stock price has fallen 2%.But I think the Red Hat deal will be a game changer that will get IBM stock back on track. In fact, investors are already more upbeat on the shares, as IBM stock price has jumped 25% this year.There will likely be bumps in the road for IBM stock, as acquisitions are never easy. But with the dividend yield at 4.56% - one of the highest in the tech world - and the forward price-earnings ratio standing at only 10.5, IBM does look interesting.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post IBM Stock: It's All About Red Hat appeared first on InvestorPlace.
Improves productivity and streamlines digital business processes across Oracle applications
The remarks from Sen. Tammy Duckworth of Illinois come during a hearing of the Senate Commerce Committee that aims to look at how social media giants are handling violent or threatening content on their platforms.
California Governor Gavin Newsom on Wednesday signed into law a controversial labor bill, AB 5, which spells out when companies must treat "gig economy" contract workers as employees.
SmarTrend identified an Uptrend for Twitter Inc (NYSE:TWTR) on July 15th, 2019 at $38.46. In approximately 2 months, Twitter Inc has returned 10.96% as of today's recent price of...
Top tickers for midday: AAPL, ROKU, AMD, FDX, T, BAC, BMY, NFLX, JD, ADBE, BABA, ABBV, MSFT, WFC, FB, SNAP, F, TSLA, NIO, BA.
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Salesforce. om Inc (CRM), where a total volume of 30,028 contracts has been traded thus far today, a contract volume which is representative of approximately 3.0 million underlying shares (given that every 1 contract represents 100 underlying shares).
Full Disrupt SF agenda posted We have an amazing slate of speakers stopping by TechCrunch Disrupt SF this year, including two full days scheduled for the debut of our Extra Crunch stage, which will focus on how founders can overcome the challenges they face through discussions of tactics with some of the most successful founders […]
New Opower platform integrations and capabilities enable utilities to better serve customers, reduce carbon emissions, and support distribution network health
Evan Spiegel talked about Snap's stock volatility and the company's long-term vision at a Goldman Sachs conference on Wednesday.
* Indexes down: Dow 0.21%, S&P 0.27%, Nasdaq 0.39% (Updates to early afternoon)
Several sell-side analysts kept Buy recommendations on the stock, saying those negatives masked continued Accounting Rate of Return strength.
Re-classifying drivers as employees instead of independent contractors could cause a hit to these companies’ already-suffering stock prices.
Cisco is recovering after gapping down on a guidance miss last month. Daniel Flax of Neuberger Berman discusses why he thinks Cisco is well positioned at the intersection of 5G, networking and security.
Daniel Flax of Neuberger Berman highlights the latest trends and innovations in the technology sector to watch.
California's new contractor law has the potential to bite into the profitability of the ridesharing business model.
Unlike many data and cloud equities, Splunk (NASDAQ:SPLK) stock has struggled in recent weeks. The shares of the developer of Splunk Enterprise, a data analysis solution, have dropped amid worries about its acquisitions and concerns about its cash flow.Source: Michael Vi / Shutterstock.com However, by buying Splunk stock at these levels, traders may get something they do not expect from data and cloud stocks today: a discount.Many of the stocks in those sectors seem to do nothing but move higher. Given the performance of many of Splunk's peers, one might think that all of the stocks in the sector, including SPLK, keep making 52-week highs and have achieved outlandish price-earnings (P/E) ratios.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars However, many data and software-as-a-service (SaaS) firms such as Salesforce (NYSE:CRM) and SAP (NYSE:SAP), have fallen below their 52-week highs. But those companies have not fallen as far as Splunk stock. While CRM stock has dropped by about 9% and SAP has retreated around 15%, SPLK stock has tumbled more than 18% below its 52-week high. Why Splunk Stock fellOne reason for the decline of Splunk stock was concern that its acquisition of SignalFx would dilute the shares. That feeling likely worsened after SPLK announced earlier this month that it would also buy Omnitron. There is some uncertainty as to how these deals will affect the cash, debt, and shares outstanding of SPLK.Moreover, like Autodesk (NASDAQ:ADSK) in recent years, SPLK has begun to switch from a permanent license model to a subscription revenue model. Although the change should result in SPLK generating more revenue over the long-term, such a decision usually leads to a temporary reduction of cash flow.In the wake of fears about its acquisitions, Splunk stock has tumbled from its $143.70 per share high in mid-July to about $116 per share today.However, I see the moves made by SPLK as positive. Many commentators will often criticize firms for putting their short-term profits ahead of their longer-term needs and those of their shareholders. In this case, in an effort to improve its offerings, SPLK has bought other companies. It also switched to a subscription revenue model that should increase its cash flows over the long-term.Still, instead of rewarding the company, traders briefly took SPLK stock into bear-market territory. I believe that the unjustified decline of Splunk stock has created a good buying opportunity. The Case for SPLK StockThe forward P/E ratio of Splunk stock may look high, compared to the S&P 500's average forward P/E ratio. Still, given the high expected growth of Splunk's future earnings, the forward P/E ratio of Splunk stock, which currently stands at 49, looks reasonable. For fiscal 2019, analysts, on average, expect Splunk's earnings to jump 43.6%. In FY20, analysts, on average, predict that its profits will surge nearly 25%.Moreover, yesterday SPLK stock rose by more than 2% after JPMorgan's Mark Murphy upgraded the shares to an "overweight" rating. Thanks to the reduction in the stock price, he sees Splunk stock as attractive. Murphy has placed a $130 price target on SPLK.Like Murphy, I think there are reasons why Splunk's rapid growth should continue. For one, all things cloud are still growing almost exponentially. Moreover, as InvestorPlace columnist Luke Lango noted, "more and more customers are leaving bigger and bigger digital footprints." Consequently, SPLK remains well-positioned to expand its customer base at a rapid pace.Investors should also note that the price-sales ratio of SPLK is 8.6, well below the shares' average P/S multiple of the last five years, which is 11.4. The Bottom Line on Splunk StockThe JPMorgan upgrade highlights the buying opportunity created by the weakness of Splunk stock. Although buying companies and switching to subscription-based plans will hurt SPLK in the short-term, the moves should improve its performance over the longer term.The weakness of SPLK stock gives traders the chance to buy this growth name at a below-average multiple. Investors should take advantage of this opportunity and consider using any additional pullbacks of SPLK stock to buy the shares at an even larger discount,As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post Investors Should Exploit the Weakness of Splunk Stock appeared first on InvestorPlace.
Anheuser-Busch and Venmo are matching donations to the University of Iowa children’s hospital.
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FinancialContent
Murky financial reporting isn't the only thing these two companies have in common.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga ...
Major U.S. social media firms told a Senate panel Wednesday they are doing more to prevent to remove violent or extremist content from online platforms in the wake of several high-profile incidents, focusing on using more technological tools to act faster.
The Dow Jones Industrial Average and other main indexes showed mild selling ahead of another pivotal Federal Reserve decision on rates. CDW broke out.
The NetSuite Social Impact Program Helps More Than 1,500 Nonprofits Change the World
Creativity Explored Shows How Art and Science Can Work Together to Impact Lives with the Help of NetSuite
Solar stocks rallied Tuesday amid instability over Mid-East oil, with two of them among our top charts to watch. First Solar, Inc. ...
Precision Medical Products Streamlines Operations to Achieve 70 Percent Growth in Three Years with NetSuite
New Innovations Across Core Business Processes and Industry Cloud Solutions Deliver the Visibility, Control and Agility Needed to Accelerate Growth
* Indexes down: Dow 0.22%, S&P 0.27%, Nasdaq 0.33% (Adds comment, details; updates prices)
Jim Cramer breaks down the Fed, FedEx FDX, and Adobe ADBE.
ADBE earnings call for the period ending August 30, 2019.
Thunberg’s remarks came during a joint hearing of the House Committee on Foreign Affairs and the House Select Committee on the Climate Crisis titled “Voices Leading the Next Generation on the Global Climate Crisis.”
Symbols mentioned in this story: VOO, BRK. , ADBE, ORCL Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
Adobe Sys Inc's stock is down 3.0% to $276.01 on heavy trading volume. About 3.3 million shares have been traded today, as compared to the 30-day average volume of...
Having become an integral part in every walk of life, cloud-focused tech stocks have quite easily clicked with investors.
Adobe, Southwest Airlines, GoDaddy, Amazon and WeWork are the companies to watch.
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FinancialContent
In early trading on Wednesday, shares of KLAC topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.0%. Year to date, KLAC registers a 72.2% gain.
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In early trading on Wednesday, shares of Cboe Global Markets topped the list of the day's best performing components of the S&P 500 index, trading up 2.3%. Year to date, Cboe Global Markets registers a 18.7% gain.
* Indexes down: Dow 0.22%, S&P 0.30%, Nasdaq 0.31% (Updates to open)
The salary totals are yet another example of the bruising battle Bay Area employers face for talented workers, especially in the tech industry.
The major stock indexes were squarely lower ahead of the Fed's interest rate policy decision today. Roku sold off after Facebook launched a new product.
There's a simple bull case for Nokia (NYSE:NOK) stock at the moment. 5G rollouts worldwide should drive demand growth for Nokia products. The company itself is projecting sharp earnings growth in 2020. And NOK stock is cheap, at 11.7x the midpoint of 2020 EPS guidance.Source: RistoH / Shutterstock.com That said, there's also a simple bear case for Nokia stock: we've been here before. NOK stock seemingly has been a turnaround play for most of this decade - and had similarly impressive near-term catalysts along the way.None of those catalysts have reversed the trend. NOK stock is down 40% over the past five years, and has lost two-thirds of its value in the last decade. Maybe this time is different - but the history of the tech industry, too, suggests a difficult path to upside, even with a current valuation that looks rather cheap.InvestorPlace - Stock Market News, Stock Advice & Trading Tips NOK Stock Has Been Here BeforeAs I detailed earlier this year, Nokia has had chances to drive growth -- and reverse the narrative surrounding the stock. The $7 billion sale of the company's phone business to Microsoft (NASDAQ:MSFT) turned out to be a brilliant deal. Microsoft wound up losing at least $8 billion, and finally exited at a sale price of just $350 million. Yet the huge cash infusion did little for NOK stock. * 7 Momentum Stocks to Buy On the Dip Indeed, Nokia used that cash to help bankroll its acquisition of Alcatel-Lucent, which was to make the company a networking giant. That thesis didn't pan out. The company then re-entered the phone business. That plan hasn't worked.The story now is 5G. An admittedly strong second quarter earnings report contained positive news about customer retention in the shift from 4G. Nokia expects the full benefit to start hitting its P&L in 2020. And the staggered pace of the global rollout suggests that demand should continue for years to come.That said, Nokia already has admitted that it will struggle to hit its 2019 EPS guidance. Wall Street, for what it's worth, is betting against 2020 projections as well. Consensus of $0.40 is below the company's range of €0.37-€0.42 ($0.41-$0.45). The story is attractive -- but it's been attractive before. For this entire decade, Nokia simply hasn't been able to fulfill its potential. Is Nokia Stock an Outlier in Tech?To be fair, it's not easy to execute a turnaround, particularly in tech. There are no shortage of companies who, like Nokia, have struggled to adapt.There have been some winners. Microsoft itself is the most obvious one. It was only six years ago that Microsoft stock had traded sideways for a decade. Earnings growth had been minimal for years. Microsoft is now the most valuable company in the world.But Microsoft is a software play. In hardware, products can become 'commoditized'. And competition from China, in particular, is much stiffer. Indeed, Huawei has taken significant market share, with its political worries another potential tailwind for NOK stock.And in hardware, turnarounds have been difficult. IBM (NYSE:IBM) touched a nine-year low late last year. Oracle (NYSE:ORCL) has returned 9% over the past two years while broad markets have risen sharply. Blackberry (NASDAQ:BB) has been a perpetual "next year" story as both a hardware play and, more recently, a software play. Post-split gains for Hewlett Packard Enterprise (NYSE:HPE) have stalled out. Nokia rival Ericsson (NASDAQ:ERIC) is down 37% over the past five years, a performance in line with that of Nokia stock.There's really only old-line large-cap hardware play that has driven consistent gains: Cisco Systems (NASDAQ:CSCO). And that company has scale and market dominance that Nokia simply doesn't have.To be sure, history alone doesn't suggest that NOK stock can't rally this time. There is an opportunity in 5G. The hit to Huawei's reputation at least weakens a key competitor. And Nokia stock is cheap enough if guidance is hit. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars But NOK also is a classic "this time is different" case. And as the old saw goes, those are the four most dangerous words in investing. That's been true in the past for Nokia and many similar tech plays. It could be true this time as well.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post History Suggests Nokia Stock Will Stay Stuck appeared first on InvestorPlace.
U.S. stock futures are headed for a sleepy open as traders gear up for a rapid reaction to this afternoon's Federal Reserve announcement. Ahead of the bell, futures on the Dow Jones Industrial Average are down 0.08% and S&P 500 futures are lower by 0.10%. Nasdaq-100 futures have shed 0.09%.Source: Shutterstock In the options pits, trading volumes came in well below average on Tuesday. Calls still led the way, as usual, with about 16.9 million calls and 13.7 million puts changing hands on the day. With today's looming Fed announcement, traders seem to be taking a wait-and-see approach.The gap between calls and puts increased enough to send the CBOE single-session equity put/call volume ratio sliding back toward this month's lows at 0.56. Meanwhile, the 10-day moving average pushed to yet another two-month low at 0.59.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOptions activity soared in stocks reporting earnings. FedEx (NYSE:FDX) shares are plunging this morning after whiffing on earnings. Adobe (NASDAQ:ADBE) joined them in the dog house with weak forward guidance. Finally, Snap Inc (NYSE:SNAP) saw call volumes zoom to the moon during a rousing stock rally.Let's take a closer look: FedEx (FDX)Optimism and powerful rotation into economically sensitive sectors buoyed FedEx shares ahead of last night's earnings report. In the three weeks leading up to it, FDX stock pushed 17.2% higher, from $147.82 to $173.30. Unfortunately, the improving sentiment proved ill-placed. FDX is getting thrashed (-10.6%) this morning after a disappointing quarterly report.For the fiscal first quarter, the company posted adjusted earnings per share of $3.05 on revenue of $17.05 billion. According to Refinitiv, the Street was estimated earnings of $3.15 on revenue of $17.06 billion. Adding insult to injury, FedEx also revised its full-year earnings guidance down to between $10 and $12 per share. * 10 Recession-Resistant Services Stocks to Buy The company had a laundry list of headwinds contributing to the poor performance, including trade tensions, policy uncertainty, rising FedEx Ground costs and the recent loss of its delivery contract with Amazon (NASDAQ:AMZN).On the options trading front, activity was split evenly between calls and puts ahead of the report. Trading surged to over five times the average daily volume, with 93,539 total contracts traded.Options were pricing in a gap of $8.68 or 5%, so this morning's 10% drop falls well outside of expectations. Count this one as a big winner for volatility buyers ahead of the event. Adobe (ADBE)The trend of earnings disappointment continues this morning with Adobe. The software giant delivered earnings and revenue numbers that exceeded expectations for the quarter, but soft guidance sent shareholders for the hills.For the fiscal third quarter, Adobe earned $2.05 on revenue of $2.83 billion. Wall Street was looking for $1.97 per share on $2.82 billion. Looking to the fourth quarter, the company expects $2.25 earnings-per-share on $2.97 billion in revenue.Ahead of the bell, ADBE stock is trading 3% lower. As far as price action goes, the gap only returns us to yesterday's lows, so it's not exactly a trend killer. The primary problem is the stock is already trending lower beneath its 50-day and 20-day moving averages, so this morning's weakness could kickstart a new downswing. Watch how the stock reacts to the 200-day moving average near $270. If we can stay above it, bulls have a chance. But if we break it, I have nothing nice to say.On the options trading front, calls outpaced puts on Tuesday. Activity swelled to 478% of the average daily volume, with 107,852 total contracts traded. Calls accounted for 62% of the session's sum.Premiums were baking in an overnight gap of $12.49 or 4.4%, so this morning's 3% decline is well within expectations. Snap (SNAP)Snap shares surged 6.8% amid heavy accumulation Tuesday. It was the largest gainer among all the liquid stocks in my watchlist Tuesday. The rally cleared short-term resistance setting the stage for a run toward its 52-week high at $18.36. Its price trend has been a beast all year long, and with SNAP now completing its recent consolidation pattern, the future looks bright. * 7 Fantastic Fidelity Funds for a Range of Investors On the options trading front, the stock pop sparked a mad dash for call options. Total activity climbed to 256% of the average daily volume, with 286,595 contracts traded; 81% of the trading came from call options alone.With the increased demand, implied volatility jumped to 53%, placing it at the 14th percentile of its one-year range. Premiums are baking in daily moves of 56 cents or 3.3%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post Wednesday's Vital Data: FedEx, Snap Inc and Adobe appeared first on InvestorPlace.
Shares of Adobe Sys Inc (NASDAQ:ADBE) opened today below their pivot of $284.33 and have already reached the first level of support at $280.42. Investors may be interested in...
* Futures down: Dow 0.07%, S&P 0.10%, Nasdaq 0.12% (Adds comment, details; update prices)
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FinancialContent
A wearable tech pioneer, enterprise data cloud specialist, and hardwood flooring retailer may have fallen into the single digits, but they can get up again.
Snap shares broke out from key resistance levels, but the stock's valuation continues to be a headwind.
UBS lowered Corning Incorporated (NYSE: GLW) price target from $33 to $30. Corning shares closed at $28.23 on Tuesday. Credit ...
Earnings news sent Adobe and FedEx lower Wednesday. Financials dragged on the Dow Jones today, ahead of the Fed policy decision.
Gainers SPI Energy, Inc. (NASDAQ: SPI) shares moved upwards by 27.3% to $2.75 during Wednesday's pre-market session. The ...
ServiceNow (NYSE: NOW), the leading digital workflow company making work, work better for people, today announced that the ServiceNow GovCommunityCloud has obtained FedRAMP High Impact Provisional Authority to Operate (P-ATO) from the Joint Authorization Board. ServiceNow is only the third Software-as-a-Service solution provider to obtain a FedRAMP P-ATO. This certification will enable federal agencies to move faster and securely to cloud based solutions. By using ServiceNow’s automated workflow capabilities, federal agencies will be able to accelerate their movement of data, including controlled unclassified and personal identifiable information, to the cloud.
Built on the world's #1 CRM, the new carbon accounting product accelerates global efforts to address the climate emergency
Gainers NewLink Genetics Corporation (NASDAQ: NLNK) rose 19.4% to $2.28 in pre-market trading after the company announced it has ...
U.S. stock index futures dipped on Wednesday as investors waited for the Federal Reserve's decision on interest rates in what has been a rocky week for global markets.
Pre-open movers U.S. stock futures traded slightly lower in early pre-market trade. Data on housing starts and permits for August ...
The buyout of Witekio is likely to add more capabilities in embedded software, edge computing and security to Avnet's (AVT) IoT business.
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FinancialContent
One rose-tinted report doesn’t change the underlying business model problems for the ride-sharing darlings.
Some of the stocks that may grab investor focus today are: Wall Street expects General Mills, Inc. (NYSE: GIS) to report ...
Most option traders understand the concept of delta and theta. Many option traders don’t concern themselves with gamma, however.
As Chinese online travel agency Ctrip gets set to change its name to Trip.com Group Ltd. next month, the company — and the world — may not be fully aware of the very hot-and-cold history of the brand under a half dozen or so owners over 23 years. The hit-or-miss track record of companies using […]
San Jose, the 10th most populous U.S. city and political center of Silicon Valley, on Tuesday moved to ban natural gas in most new residential buildings beginning next year.
San Jose, the 10th most populous U.S. city and political center of Silicon Valley, on Tuesday moved to ban natural gas in most new residential buildings beginning next year.
First Solar, Inc. broke out of a 6-week base pattern on Tuesday and jumped 2.38, or 4%, to 65.82, on 1.15 million shares.
San Jose, the 10th most populous U.S. city and political center of Silicon Valley, adopted new rules on Tuesday aimed at phasing out the use of natural gas in buildings.
Colombia can only suspend the licenses of drivers who provide services via ride-hailing apps for three years, not 25, the president of the Constitutional Court said on Tuesday.
San Jose, the 10th most populous U.S. city and political center of Silicon Valley, adopted new rules on Tuesday aimed at phasing out the use of natural gas in buildings.
Cisco is recovering after gapping down on a guidance miss last month. Daniel Flax of Neuberger Berman discusses why he thinks Cisco is well positioned at the intersection of 5G, networking and security.
Daniel Flax of Neuberger Berman highlights the latest trends and innovations in the technology sector to watch.
Shares of the Internet-domain registrar and web-hosting company have tumbled 10% since Scott Wagner retired in August due to health reasons. That ended Tuesday, with shares up 0.7% in regular trading, after GoDaddy announced in San Francisco a new software product that helps small businesses build websites with a suite of marketing tools.
17 Sep, 2019
On CNBC's "Fast Money Halftime Report,"Bryn Talkington said Cisco Systems, Inc. (NASDAQ: CSCO) could move up to mid ...
Stocks were a bit wobbly today but managed to rally into the green in the late afternoon.
22:12
FinancialContent
Third-quarter earnings came in at $2.05, beating estimates by 8 cents. Sales came in at $2.83 billion, beating estimates by $10 million.
Top tickers for end of day: SNAP, MGM, BAC, PINS, WFC, AAPL, DBX.
The stock market rally is showing resilience despite negative headlines. Plus, Daniel Flax of Neuberger Berman highlights the latest trends and innovations in the technology sector and provides perspective on Apple and Cisco. We take a closer look at the technical action for Apple in this week's educational lesson to explain why it's important to keep an eye on market...
Dow Jones futures: The stock market rally neared highs even as Fed rate-cut odds fell to 50-50. Adobe, FedEx and Chewy fell on weak earnings or outlooks.
It's no secret that social media has radically altered how we behave online – but are those behaviors a bad thing? VSCO CEO Joel Flory joins The Final Round to discuss the rapidly evolving digital landscape, and how mental wellness trends are being popularized online.
(Bloomberg) -- Adobe Inc. gave a revenue forecast for the current period that fell short of Wall Street estimates, signaling slower sales growth for its newer marketing products.Revenue will be about $2.97 billion in the period ending in November, the San Jose, California-based company said Tuesday in a statement. Analysts projected $3.02 billion, according to data compiled by Bloomberg.Chief Executive Officer Shantanu Narayen has made several acquisitions in the past two years for marketing and e-commerce products to boost revenue, which has climbed at least 20% each quarter since 2015. While the company has put more emphasis on corporate applications to compete with rivals Salesforce.com Inc. and Oracle Corp., it also recently unveiled new augmented reality and 3D-imaging technology to maintain its advantage as the leader in creative software such as its flagship product, Photoshop.Sales from Adobe’s experience cloud division, which includes marketing, analytics and e-commerce tools, are projected to increase 23% in the current period after climbing 34% in the fiscal third quarter. Executives said products gained from its 2018 acquisition of Marketo aren’t growing as fast as anticipated. Adobe plans to invest more money to boost sales in the unit, according to prepared remarks from Chief Financial Officer John Murphy.Murphy said Adobe also has had challenges generating bookings for its Analytics Cloud, which sits atop a new Experience Platform meant to connect clients’ data. The company believes the ongoing global introduction of the software platform will lift revenue, he said.Adobe’s shares declined about 3% in extended trading after closing at $284.69 in New York. The stock has climbed 26% this year after a 29% gain in 2018.Profit, excluding some items, will be $2.25 per share in current quarter, the company said. Analysts estimated $2.30 a share.In the period ended Aug. 30, sales jumped 24% to $2.83 billion from a year earlier. Adjusted profit was $2.05 a share. Analysts projected profit of $1.97 a share on revenue of $2.82 billion.Sales in the creative cloud division, which includes Photoshop, jumped 22% to $1.96 billion in the quarter and are projected to increase 20% in the current period.(Updates with additional details on experience cloud’s slower growth in fifth paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
France aims to raise 5 billion euros ($5.53 billion) in funds from private-sector investors to give French startup companies a leg up and help the most promising ones grow further, President Emmanuel Macron said on Tuesday.
Gainers Yuma Energy Inc (NYSE: YUMA) shares are up 7.5% after announcing the company has reached a forbearance agreement with a ...
Uber Freight announced today that it is expanding its signature drop trailer program Powerloop to California and that it is rolling out ...
Digital media and marketing software maker Adobe late Tuesday beat Wall Street's targets for its fiscal third quarter. The Adobe earnings news pushed ADBE stock higher in extended trading.
Markets aren’t moving too much today as the FOMC kicks off its meeting, with the Russell, Dow, S&P, and Nasdaq seeing little ...
Adobe Inc beat Wall Street estimates for quarterly revenue on Tuesday, boosted by a rise in subscriptions in its digital media business that includes image editing software Photoshop.
20:05
FinancialContent
Adobe (Nasdaq:ADBE) today reported financial results for its third quarter fiscal year 2019 ended Aug. 30, 2019.
Interested in IPO stocks like Uber, Beyond Meat, Zscaler and Peloton? Learn lessons from Facebook, Alibaba and Snap before investing in IPO stocks.
19:54
Seeking Alpha
19:46
FinancialContent
The Snapchat parent got an upgrade from Susquehanna.
Oracle Corp and VMware Inc on Monday announced a deal designed to resolve years of tension over how Oracle handles technical support for VMware users and make it easier for them to move to Oracle's cloud computing service.
The stock market was relatively calm on Tuesday as investors await a rate decision from the Federal Reserve on Wednesday. There were still some big movers on the day though, so let's look at a few top stock trades. Top Stock Trades for Tomorrow 1: BoeingAs investors grow optimistic about getting the MAX 737 back in action, Boeing (NYSE:BA) stock is coiling and looking to move higher.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShares have been consolidating between $375 and $385. In order to trigger a move higher, BA stock needs to clear $385. Just overhead -- near $387 -- is the 38.2% retracement. If Boeing can clear both marks, a rally into the $390s is possible. Above the March high and BA may even fill the gap back up over $410. * 7 Tech Stocks You Should Avoid Now If shares resolve lower, see that recent uptrend support (blue line) buoys the name. Top Stock Trades for Tomorrow 2: Aurora CannabisI hate to say it, but investors should have seen the decline coming in Aurora Cannabis (NYSE:ACB) stock. InvestorPlace readers have been leery of ACB for months now, and our recent call that shares may fall again only reiterated that cautious stance.Now breaking below the August lows, let's see if ACB draws in buyers near $5. We can't trust the name on the long side while it's below $5.40 -- at least in the short term. Even if it does reclaim this mark, it's only good for a short-term bounce.Below $5 and the December lows are possible, but let's take it one step at a time and see if it hits $5 to begin with. Top Stock Trades for Tomorrow 3: PinterestPinterest (NYSE:PINS) wants to begin rallying again, but it faces a tough road with high-growth tech stocks under pressure recently. On the charts, there's a lot of overhead, too.$30 is a significant mark, while the 50-day moving average is up at $30.57 and the declining 20-day moving average is at $31.05. $32 has also proven significant. Not to pummel you with numbers, but making matters even more complicated, the 50% retracement is at $29.94 and the 38.2% is at $31.57.So let's simplify it.PINS has a lot of marks between $30 and $32. Above $32 and it has mostly blue skies. Below $30 and it has the 100-day moving average at $29 and uptrend support at $28.Even simpler? Above $32 is bullish, below $28 is bearish. Top Stock Trades for Tomorrow 4: CorningCorning (NYSE:GLW) is getting hit hard on Tuesday, down more than 7%. On the weekly chart above, we can see shares being rejected by the 100-week moving average.It puts a key support zone on watch just below current levels. The ~$27 mark has been notable over the last three years, while the 200-week moving average stepped up as big-time support last month. That's currently at $26.50.Below that mark and GLW is in trouble. If we get a dip down into the $27 area, aggressive investors have a better risk/reward there than here, but GLW isn't my cup of tea. Top Stock Trades for Tomorrow 5: Acadia PharmaceuticalsAcadia Pharmaceuticals (NASDAQ:ACAD) has been a beast lately, gapping from $23.77 to almost $39 in a single move.ACAD stock consolidated that move beautifully in a narrowing range, before resolving higher on Monday. It tried to breakout over $44 again on Tuesday -- which has been multi-day resistance -- but was rejected. * 7 Momentum Stocks to Buy On the Dip Over $44 puts the $44.85 highs on the table and over that, ACAD can regain upside momentum. A break below $40 signals that Acadia needs more time to consolidate.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long PINS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 5 Top Stock Trades for Wednesday: BA, ACB, PINS appeared first on InvestorPlace.
What investors might expect from the Fed's two-day policy meeting as Wall Street awaits another rate cut. The latest global oil news after the weekend's attacks on Saudi Arabia. Positive U.S. economic updates. And why JLL stock looks like a buy - Free Lunch
Apple's new products, Goldman's reservations about the stock, iPhone security issues and its trillion-dollar valuation are the highlights of this roundup.
Shares of salesforce.com, inc. (NYSE: CRM) are down 5.7% in the past six months after a three-year run in which the stock more than ...
Low-cost index funds make it easy to achieve average market returns. But across the board there are plenty of stocks...
When it comes to investing, everything matters. The fundamentals matter. The stock needs to be undervalued or fairly valued relative to its long-term growth prospects. The optics matter. There needs to be a reason why investors will want to buy the stock for the foreseeable future. And, yes, the technicals matter. The chart needs to support the bull thesis.In this gallery, we will focus on the last of those three characteristics. Specifically, we will be looking at five stocks that have great charts.But, we won't neglect the other two characteristics, either. In other words, we are going to look at five stocks that have great charts, and are simultaneously supported by favorable fundamentals and optics. Why? Because when great charts converge on favorable fundamentals and optics, you usually get a winning stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Momentum Stocks to Buy On the Dip Without further ado, then, let's take a look at five stocks to buy with great charts -- and strong fundamentals and optics, too. Stocks to Buy with Great Charts: Okta (OKTA)First up, we have a momentum cloud stock, Okta (NASDAQ:OKTA), which was killed amid the massive September shift from momentum stocks to cloud stocks. And its fundamentals, optics and technicals all say it should bounce back in a big way soon.Let's start with the chart. Throughout the summer of 2019, OKTA stock was forming a bearish head-and-shoulders pattern. Indeed, that head-and-shoulders pattern ended with a big plunge at the end of the summer. But, it appears that this head-and-shoulders pattern has now fully played out. That is, the stock has retraced its way all the way back to the starting point of that head-and-shoulders pattern. OKTA stock appears to be finding support there. It also should find support at the 200-day moving average, which happens to be right around the same level.The technical picture implies that the worst of the recent OKTA selloff is over, meaning the coast is clear to buy the dip.On the fundamentals side, Okta is a big growth cloud security company. It has been, still is and will remain a big growth company with big margins, supported by secular tailwinds in cloud, cybersecurity and the internet of things. Nothing about this secular growth narrative has changed over the past few weeks. As such, the fundamentals remain robust here and support further upside in OKTA stock.On the optics side, the momentum-to-value shift which materialized in September won't last forever. History says it will end, and soon. When it does, the optic backdrop will improve and provide support for a rebound in OKTA stock. General Electric (GE)Next up, we have a beaten up industrial giant, General Electric (NYSE:GE). GE's fundamentals, optics and technicals all imply it could be on the verge of a meaningful breakout.Let's start with the chart. There is one very important thing to watch here -- the 50-day moving average. Specifically, after spending several months sharply below its 50-day moving average, GE stock is on the verge of breaking above the 50-day moving average in a meaningful way. GE stock has only done this once before, back in early 2019. That breakout above the 50-day following a long stint below the 50-day led into a big, multi-month rally in GE stock. The same thing could happen this time around.On the fundamentals side, GE's depressed fundamentals are starting to improve. This breaks down into three things. First, the global economy appears to be stabilizing, and that should provide an upward lift for economically sensitive stocks like GE. Second, GE continues to simplify its operations with asset sales and business divestitures -- moves which create more visibility towards sustained profitability in the long run. Third, GE also continues to reduce its debt load, which ultimately reduces operational risk in the long run and should result in continued multiple expansion for the stock.When it comes to the optics, those look good, too. GE is a very economically sensitive stock. No one wants to buy this stock when the economy appears to be decelerating. But, signs are starting to emerge that the global economy is actually improving, and there's a fresh wave of European Central Bank and U.S. Federal Reserve stimuli on the way which should help improve things even further. As such, over the next few months, the global economic outlook should improve. * 7 Tech Stocks You Should Avoid Now In response, investors will buy into beaten up, economically sensitive stocks like GE. The Trade Desk (TTD)Much like Okta, programmatic advertising leader The Trade Desk (NASDAQ:TTD) is a momentum growth stock which: 1) was damaged meaningfully in the recent pivot out of momentum stocks, and 2) looks ready to rebound in an equally meaningful way.The chart here looks compelling. Since January 2018, TTD stock has formed a solid uptrend. Amid this uptrend, the stock has dropped into technically oversold territory (as defined by a Relative Strength Index reading below 35) only a few times. Each time, TTD stock bounced back from those oversold conditions over the subsequent few weeks to months. Right now, TTD stock finds itself in similar oversold territory. History says what comes next is a sizable rebound rally.It helps that the fundamentals for TTD stock remain very robust. This company is a leader in the field of programmatic advertising, which automates the ad transaction process using data and algorithms. This is a secular growth industry supported by the fact that all processes across the globe are becoming data-driven, automated processes. Nothing about this favorable secular growth narrative has changed recently. Indeed, the last thing we heard from the company was a double-beat-and-raise second-quarter print that showed continued robust revenue growth, margin expansion and profit growth.When it comes to the optics with TTD stock, investor demand should return soon. As mentioned with Okta stock, history says that significant momentum-to-value shifts don't last very long, and when they come to a close, they ultimately result in a big rally for momentum stocks. I don't see this time being any different. As such, current weakness in TTD stock should end with a significant rebound rally. Pinterest (PINS)Next up, we have yet another momentum growth stock, Pinterest (NYSE:PINS). PINS has all the necessary ingredients to stage a meaningful rebound here and now.The technical picture for Pinterest looks very similar to the technical picture of Okta. That is, in late summer 2019, PINS stock was forming a bearish head-and-shoulders pattern. That head-and-shoulders pattern has now fully played out. PINS stock dropped and ultimately found support right around the same level that the head-and-shoulders pattern started. From a technical perspective, it looks like the next few months in PINS stock should be defined by a rebound bid to all-time highs.On the fundamentals side of things, PINS stock remains supported by favorable growth fundamentals. Pinterest is a unique social media platform with hundreds of millions of users. Those users don't go to Pinterest for the same reasons they go to Facebook (NASDAQ:FB) or Twitter (NYSE:TWTR). They go to Pinterest for visual discovery and inspiration -- two use cases which lend themselves particularly well to ads. As such, Pinterest should have no problem over the next several years building out its ad business. Thus, PINS stock will be supported by robust revenue and profit growth -- the sum of which should keep PINS stock on a long-term winning trajectory. * 10 Stocks to Sell in Market-Cursed September On the optics side of things, PINS stock should benefit from the fact that its last earnings report was very, very good. Over the next weeks, investors will look for opportunity in the momentum rubble by identifying stocks which most recently had strong momentum. Pinterest had that. Last quarter, the numbers were so good that PINS stock rallied 20% to all-time highs. Activision Blizzard (ATVI) Last, but not least, we have video game publisher Activision Blizzard (NASDAQ:ATVI). ATVI stock seems fundamentally, technically and optically positioned for a big breakout rally over the next 12 months.Starting with the chart, we can see that ATVI stock appears to be in the first few innings of a multi-month technical breakout. Look at the moving averages in the above chart. A golden cross pattern has emerged. The 50-day moving average has poked its head above the 200-day moving average for the first time in several months. This golden cross pattern has emerged only a few times over the past decade. Each time it has emerged in this way, it preceded a multi-month breakout in ATVI stock.2020 could be a big year for Activision. Next-generation video game consoles from Sony's (NYSE:SNY) PlayStation and Microsoft's (NASDAQ:MSFT) Xbox are launching next year, marking the first console refresh cycle in seven years. More than that, these next-gen video game consoles will have cloud gaming capabilities -- yet another huge advance in the video game industry. Also, Activision's game lineup for 2020 should be stellar.On the optics side, you have a long-term winning stock that went through a rough patch in 2018-2019. Now, the stock appears to be bouncing back from that rough patch. Importantly, it's bouncing back ahead of what is shaping up to be a big 2020. That's a pretty compelling rebound story. Thus, I think buying action in ATVI stock should outweigh selling action for the foreseeable future.As of this writing, Luke Lango was long OKTA, TTD, PINS, FB and ATVI. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 5 Stocks to Buy With Great Charts appeared first on InvestorPlace.
17:53
Seeking Alpha
Top tickers for midday: AAPL, SNAP, BAC, T, AMD, MSFT, AAL, NFLX, FB, BABA, AMZN, ROKU, TSLA, SQ, CHK, LVS, NVDA, NIO, BP, SHOP.
Blockchain will speed up trading, eliminate outdated processes and give individuals access to more investment options.
The main aim of stock picking is to find the market-beating stocks. But the main game is to find enough winners to...
London police and Facebook said on Tuesday they plan to share resources to stop the live streaming of terrorist attacks like that in Christchurch, New Zealand, earlier this year.
Wishing for early death? Living in a dumpster? Most young adults don’t see retirement in their future
San Diego, CA -- (SBWIRE) -- 09/17/2019 -- Uber Technologies, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Oracle advanced its result announcement by a day and reported revenues for the first quarter at $9.22 billion, a modest 0.3% growth over the year and missing the market’s forecast of $9.29 billion.
ORACLE OPENWORLD -- Demonstrating its leadership and vision in the Cloud ERP market, Oracle today announced the latest updates to Oracle Enterprise Resource Planning (ERP) Cloud and Enterprise Performance Management (EPM) Cloud. The updates enable organizations of all sizes to enhance productivity, reduce costs and improve controls by introducing both product innovations and industry-focused solutions. 
New features enhance the employee experience, strengthen organizational culture, and automate workflows
Updates across Oracle CX Cloud help brands unify customer data, personalize interactions and win more business
Powerful new integrations within CX Unity help brands use data to create and deliver tailored experiences to known and unknown customers
New collaboration, integration, and conversational UI capabilities help supply chain professionals reduce complexity and improve operational intelligence
Following weeks of criticism about its corporate structure and huge losses, WeWork owner We Company has postponed its initial public offering, ending plans to launch an IPO this month.
The stock market largely stayed in a holding pattern on Tuesday morning.
Off-road wheel and tire manufacturer takes advantage of integrated cloud applications suite to increase efficiency, improve visibility, and embrace the latest emerging technologies
Integration of Oracle Digital Assistant with Microsoft Teams gives Microsoft 365 customers access to Oracle Cloud Applications through conversational AI
Symbols mentioned in this story: FDN, PYPL, NFLX, TWTR Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Officials from the Justice Department and Federal Trade Commission may provide more information on Tuesday afternoon about their antitrust probes that are targeting Amazon.com Inc., Apple Inc., Facebook Inc. and Alphabet Inc.’s Google.
Oracle introduces natural voice conversations to Digital Assistant and enhances deep learning semantic parser to handle complex linguistic constructs
Integrated analytics, Autonomous Database, packaged data model and best practice KPIs for rapid return on investment
Investors in Tripadvisor Inc (TRIP) saw new options begin trading this week, for the January 2022 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 857 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration..
Upgrades For Ameren Corp (NYSE: AEE), Bank of America upgraded the stock from Neutral to Buy. In the second quarter, Ameren showed ...
Currently, Salesforce (NYSE:CRM) is going from strength to strength in terms of its revenue and operating earnings. Its focus on helping business clients "digitally transform" themselves in all aspects of cloud marketing and analysis is working extremely well. But CRM stock is priced for perfection.Source: Bjorn Bakstad / Shutterstock.com Salesforce has a market value of almost $135 billion. Stripping away all the hype about its sales growth, its actual free cash flow ("FCF") was only $2.06 billion in the last six months ending in July. So its valuation is 33 times annualized FCF.It's also priced at 50 times future earnings per share, another high-flying valuation for CRM stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow to be fair, free cash flow is up 26.5% year-over-year. This is a very respectable growth rate. But it has to continue to accelerate to justify these high valuation metrics.There is another reason why the market keeps CRM stock's valuation so high. SaaS Revenue Gets Valued Higher In Stocks like SalesforceThe market loves subscription revenue companies like CRM. About 94% of CRM's revenue is Subscription-as-a-Service ("SaaS"). * 7 Momentum Stocks to Buy On the Dip These SaaS clients tend to be sticky. It becomes a big hassle for a large company like Adobe (NASDAQ:ADBE) to switch out of Salesforce's marketing system software. When the renewal comes around for the software contract, the decision is usually "stay."In fact, analysts and CRM itself use a special metric to measure this "stickiness." Remaining Performance Obligation (RPO) Is Key for CRM StockAnalysts use a non-GAAP accounting measure called "Remaining Performance Obligation" ("RPO") to measure future sales growth. This includes unbilled and non-accrued deferred revenue which will be billed within the next 12 months. CRM calls this "current RPO."This metric also includes as unbilled, non-accrued deferred revenue ("non-current RPO") which won't be billed within 12 months. This is effectively the remainder of the signed life of subscription contracts. This non-current RPO is a measure of how many years of built-in revenue (upon renewal) can be expected and later billed. The total of current and non-current RPO equals total RPO.Here's what analysts love about Salesforce: its total RPO grew by 20% to $25.7 billion by the end of the second quarter (July). CRM stock can count on $25 billion in future revenue if it does not bring in any new SaaS clients.In fact, CRM's current RPO -- i.e. the dollar amount of sales that can be expected over the next 12 months -- is now $12.1 billion. Keep in mind that in Q2 CRM had $4 billion in sales, or $16 billion annualized. So three-fourths of the next fiscal years' sales are already "in the bag" as current RPO.Salesforce "bakes in" its growth with sticky subscription revenue. So growth is almost unavoidable. CRM has to bring in only one-quarter of last year's new client base. That would match the previous year's growth rate in sales.That's why the market is willing to place such a high valuation on the Salesforce stock. So why am I recommending not buying CRM stock right now? The Market Has a Love-Hate Relationship with CRM StockThe truth is that analysts hate high-flying names like Salesforce stock at market lows. For example, in 2018 CRM rose 55.5% at the peak of the "love" cycle. But by the end of the year, it was up only 31.7% for the year.This same love-hate thing happened this summer. CRM stock fell from its high of $167.56 to a summer hate-low of $139 and change.The market gets nervous about overpaying for the company's expected growth. You can see this in a CNBC roundtable where analysts were negative at the end of last year on the stock right at its bottom. Guidance for CRM Stock Is Attractive, But Be Wary of the Valuation Salesforce provided guidance for its Q3 and full fiscal year on page 5 of its Q2 earnings presentation. CRM forecasted revenue growth of 26 to 27% and current RPO growth of 24-25%.The problem is these numbers do not show growth that is accelerating. But CRM stock's high-flying valuation assumes incrementally higher growth rates.Therefore I suspect CRM stock is vulnerable to any downdraft in the general market. This is especially so if there is a possibility of a slow-down in corporate profits growth.In summary, pick your spot with CRM stock. You can buy it at a cheaper price sometime in the future. The market is valuing the expected growth at a high price right now.As of this writing, Mark Hake, CFA does not hold a position in any of the aforementioned securities. Mark Hake runs the Total Yield Value Guide which you can review here. The Guide focuses on high total yield value stocks and was launched on August 30. Subscribers during September receive a 20% discount, plus a two-week free trial. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Wait for High-Flying Cloud-Based Salesforce Stock to Fall appeared first on InvestorPlace.
The current mood surrounding Shopify (NYSE:SHOP) is a somber one. Although investors understand why the company is shelling out $450 million to acquire a warehouse-robotics outfit, the news sent SHOP stock sharply lower that day. It's since fallen a total of 17% from its late-August peak. That stumble triggered a technical sell signal in and of itself.Source: Beyond The Scene / Shutterstock.com More of the same may be in store too. Few traders want to catch a falling knife, particularly when that knife has been dropped from a great height as Shopify stock has.Nevertheless, it looks like the selloff has largely run its course. Though the SHOP stock valuation is still outrageous by most any standard, this company really is the long-term threat to Amazon.com (NASDAQ:AMZN) it's being made out to be. The bigger it gets, the faster it's going to get bigger.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shopify Stock Hit by Profit-TakingIt's often compared to Amazon.com, and it's not an unfair comparison. At its core, however, e-commerce newcomer Shopify has earned acclaim by becoming much that Amazon isn't. * 7 Momentum Stocks to Buy On the Dip Namely, the Shopify platform allows its users to control their own storefront, rather than force them to plug into a rigid selling framework where they may have to compete with Shopify itself.To that end, Shopify is a threat to eBay (NASDAQ:EBAY).And yet, Shopify is increasingly looking like Amazon behind-the-scenes. A week ago, the organization announced it would be outright buying 6 River Systems, which develops robotic fulfillment (warehouse and logistics) solutions.Investors who had seemingly remained fans of Shopify through May, when the company announced its purchase of Handshake, balked this time around. However, it's possible the prod for this weakness was tethered more to the market's tide. It's also arguable that the big 245% seen between late last year and August of this year spurred profit-taking.Regardless of the reason, the weakness became self-fueling. SHOP stock broke under its pivotal 10-week moving average line last week, simultaneously snapping straight-line technical support that had been in place since early this year.That breakdown is a common sell signal in and of itself and traders responded in kind.But, nothing lasts forever. While Shopify stock may see more downside from here, the company is no mere flash in the pan. Amazon and eBay both have good reason to be concerned. Shopify Stock Is the Real DealValuation-minded investors are legitimately concerned. Shopify stock is trading at 28 times its trailing twelve-month revenue versus the S&P 500's average of 2.2.Shares are valued at 340 times next year's projected non-GAAP/operating earnings of 97 cents, versus the current marketwide average of 17.0. Never even mind the fact that the company is still bleeding money on a GAAP basis.This is a case, however, where the valuation is the least critical piece of trading information. SHOP stock is a story stock, with all the rights and privileges thereof. The trajectory is the key.That trajectory right now is a steep angle too. This year's revenue is on pace to improve 43.4% year-over-year, while next year's top-line growth is modeled at 34.3%. Though not GAAP numbers, next year's projected earnings of 97 cents per share is a 59% improvement on 2019's expected bottom line of 61 cents per share of SHOP.Perhaps the best argument to own a stake in Shopify, however, is the one that's most difficult to quantify. That is, the bigger it becomes, the easier it becomes for it to grow at an even faster clip.More revenue (and its ensuing cash flow) allows the organization to invest more in its own growth via deals like Handshake and buying 6 River Systems.Canaccord's analysts may have said it best in June, after the Handshake deal but before the 6 River Systems deal, noting"\:"In our view, Shopify is getting to point at which breadth of product, vibrancy of partner ecosystem, and general retail scale will enable the firm to pull away at an exponential pace."That pace has already put Shopify on a trajectory to become bigger than eBay this year, as measured by the amount of merchandise volume handled. Bottom Line on Shopify StockThat optimism certainly won't stave off a near-term selloff. Indeed, given the sheer scope and speed of the gain that took shape during the first eight months of the year, at least a little more selling could be expected from current levels.We're also at a time of year that's tough for stocks anyway, especially when it's the third year of a presidential term.Don't let the short-term turbulence distract you from the long-term story though. It could take years to fully establish a complete warehouse network that utilizes 6 River Systems' technology, just as it took years for Amazon to build its own warehouse-automation solutions.It'll be worth the wait though, and the company will certainly improve its offering in other ways in the meantime. The market's more than apt to reward incremental progress between then and now, given the strength of the back-story.Just be patient with any entry, and bear in mind one doesn't have to find the exact bottom to still make good money.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Use This Lull to Get in on Shopify Stock for the Long Term appeared first on InvestorPlace.
Shares of Snapchat parent (SNAP) were climbing early Tuesday as Wall Street played a bit more catch-up with the social-media company’s hot stock. Snap stock (ticker: SNAP), up 186% in 2019 through Monday’s close, was up 5% to $16.56 in morning trading as Susquehanna Financial Group analyst Shyam Patil upgraded the shares—but only to Neutral from Negative, raising his price target by $6 to $18, a bit above FactSet’s average closer to $17. Patil had slapped a negative rating on the shares in early 2018 and maintained that, even while boosting his price target as the shares have climbed.
The stock market was modestly lower early Tuesday. Dow Jones stock Home Depot declined sharply after being downgraded to neutral.
Healthcare battle is heating up with the growing proliferation of fitness trackers being offered by Apple (AAPL), Fitbit, Garmin and others.
Things sometimes get sluggish on Wall Street when the Fed meets. Maybe not this time around as the Fed gathers today with geopolitical ...
Car leasing startup Fair said on Tuesday it had raised $500 million in loans from a group of creditors, including Mizuho Bank and Japan's SoftBank Group Corp , as it looks to expand its leasing services to Uber drivers.
Susquehanna analyst Shyam Patil upgraded Snap to Neutral from Negative and boosted his price target for the shares to $18 from $12.
Is (EBAY) Outperforming Other Retail-Wholesale Stocks This Year?
Car leasing startup Fair said on Tuesday it had raised $500 million in loans from a group on creditors, including Mizuho Bank and Japan's SoftBank Group Corp , as it looks to expand its leasing services to Uber drivers.
The two digital payment rivals face a common enemy in Europe.
Cisco stock recently rallied 70% on views it can reinvent itself with recurring software revenue. In July, Cisco stock corrected. Here’s the technical and fundamental analysis on Cisco now.
A lot of analysts got it wrong about Snap (NYSE:SNAP) stock. In late 2018, Snapchat stock was in a tailspin. The prevailing sentiment was that the tech startup was about to be another cautionary tale regarding initial public offerings. What happened then has been nothing short of amazing. SNAP stock has grown nearly 200% in 2019, largely fueled by increasing quarterly revenue.Source: dennizn / Shutterstock.com Now, nearly a year later, the SNAP stock price is once again at a turning point. Only now, instead of wondering if Snap is a falling knife, investors wonder if shares have room to grow.But for Snap to see their stock price grow, it will need to generate more advertising revenue. With a growing user base among a desirable demographic, that sounds easy enough. However, this demographic is anything but traditional when it comes to advertising. That's a reason I think it's best to proceed with caution.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Snap Has a Growing User BaseThe bullish case for Snap stock points to 13 million daily active users. That's how many active users the company added in the second quarter. This growth gave analysts a lift after a disappointing first quarter that saw Snap add just four million users. * 7 Tech Stocks You Should Avoid Now Snap's monthly user base is just above 500 million. That's more than Twitter (NYSE:TWTR) (335 million users) but still far fewer than Facebook (NASDAQ:FB) (2.4 billion). Snap has also flown under the radar while companies like Facebook and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) draw increased regulatory scrutiny.Snap's CEO Evan Spiegel commented, "Completing these transitions has established a strong foundation for growing our community, increasing engagement and growing advertising demand." Growing Ad Demand Is Easier Said than DoneSnap has been built for, and targeted to millennials and Generation Z. These generations got social media education in middle school.The attraction of Snapchat was the idea of being able to self-produce shareable content that only stays online for a short period of time. Many reject Facebook because their content stays online unless the user deletes it.Despite interacting with multiple social media channels in one day, these generations are intensely concerned about their privacy. Providing what they see as personal information is one reason why email advertising is a non-starter with this demographic. Traditional Advertising Won't WorkAs it relates to ads, these generations want to be entertained, not sold. These target audiences will not engage passively with "traditional" advertising.A recent report titled The Everything Guide to Generation Z by Vision Critical, in partnership with research firm MARU/VCR&C, provides insights into the attitudes, behaviors and value of this generation.One of the key takeaways as it relates to Snap is that 69% of Generation Z finds ads disruptive. While the word "disruptive" can be thrown around by marketers in a good way (i.e., it changes the conventional way of thinking, forcing consumers to pay attention) that is not the context here. This generation, more so than even millennials, want ads to meet them where they are in a very organic manner.Yet, Erin Gade of Yes Lifestyle Marketing reported that one in five Generation Z consumers found Snapchat influential in their purchase decision. This requires a cross-channel model that is far different from banner ads and pop-up videos. In fact, in many cases the ads aren't ads at all.As someone who's worked in marketing agencies, I can confirm that many marketers are not open to new approaches. They want traditional "push" advertising and pre-roll messages because they're measurable. But they frequently don't look at or understand the metrics that matter. It's a soft-sell approach. The payoff is more intrinsic and less measurable. Snap Needs Ad Revenue to Reach ProfitabilityThe fact that Snap is not yet profitable is not a big deal for investors. The company is not expected to be profitable until 2023. However, that revenue growth is largely going to be dependent on the company's ability to monetize their advertising. InvestorPlace contributor Vince Martin wrote in August that Snap would require at least $1 billion in additional revenue to support its current valuation. The stock is already down about 10% from its recent highs. I expect that some investors will look to engage in profit taking as the year comes to an end.The argument for Snap stock is that their target audience is devoted to technology and loyally uses the app. But this is not a captive audience and they can't be marketed to as such.Growing their user base is not enough for Snap stock. For the company to really grow, they have to find a way to monetize that base. I'm not saying it can't be done; I'm just skeptical.As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Why Ia€™m Taking a Wait and See Approach on Snap Stock appeared first on InvestorPlace.
[Editor's note: "5 Great Dividend Stocks to Buy From the Tech Sector" was previously published in June 2019. It has since been updated to include the most relevant information available.]When most investors hunt for dividend stocks, the technology sector is often not on their shopping list. The perception is that most technology firms need and are forced to plow every extra cent back into their businesses in order to fuel growth. As a result, tech stocks are seen as a strictly capital appreciation element for a portfolio.However, this isn't true at all. Tech stocks make for amazing dividend stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe reality is, that many firms in the tech sector are cash flow and profit machines. Thanks to surging revenues and high margins, mature tech firms simply mint money at this point. So much, in fact, that many have too much money sitting on their balance sheets. To rid themselves of that excess cash, many tech stocks have started paying some hefty dividends. And they have been growing those dividends by leaps and bounds too.In the end, when looking for dividend stocks, the technology sector should be the first stop for portfolios rather than an afterthought. But which tech stocks have what it takes to be considered good dividend stocks as well? * 7 Momentum Stocks to Buy On the Dip Here are five that are worthy of consideration. Cisco (CSCO)Source: Shutterstock Dividend Yield: 2.8%No list of dividend stocks in the tech sector can be written without the firm that started the modern trend of payouts from tech. We're talking about Cisco (NASDAQ:CSCO). CSCO started paying a token dividend back in 2011 and hasn't looked back, growing that payout by more than 480%. And it's easy to see why Cisco has become such a dividend stalwart.Sensing a slowdown in networking, router and physical equipment sales, CSCO started to pivot into more software and services. Cloud computing, cybersecurity and other such products have quickly become big-time money makers for the firm. Perhaps, more importantly, these sales come with higher margins, reoccurrence and the ability to add value/upsell networking transactions. "We just built you this massive network for your cloud operations. Would you like us to secure it as well?"Because of this, CSCO has become a cash flow giant.In fiscal Q3 alone, the firm managed to generate a 16% jump in operating cash flows once adjusting to overseas taxes paid for the Tax Cuts and Jobs Act. Meanwhile, cash on CSCO's balance sheet has swelled to more than $34.6 billion.With sales of software/services continuing to rise, CSCO should be able to keep bringing in the cash for the long haul. Even better is that the growth in data centers and 5G networking is once again boosting equipment sales.At the end of the day, Cisco is one of the best dividend stocks to buy -- tech sector or not. Seagate Technology (STX)Source: Shutterstock Dividend Yield: 4.5%Like previously mentioned Cisco, Seagate Technology (NASDAQ:STX) may seem like a relic from the dot-com days. However, STX has managed to see plenty of new life in recent years. The key is data center demand is making one heck of a dividend stock.For many years after the dot-com bust, STX struggled. The rise of mobile and tablet computing crimped PC sales. At the same time, flash-based solid-state drives (SSD) hit Seagate's platter-based hard disk drives (HDDs) right in the wallet. SSDs are faster, smaller, and more power-efficient. Manufacturers liked these facts and started favoring them in PCS and other devices. As a result, STX stocks stagnated and was looking like a lost cause.That is until cloud computing and data center demand started to take over.It turns out, those building out networks and data centers prefer capacity over speed. That makes HHDs much better suited for this application. Since Seagate dove into SSD production -- like rival Western Digital (NASDAQ:WDC) -- it's been able to reap the full benefits of this expansion. In fiscal 2019, STX managed to produce $1.8 billion in cash flow from operations and $1.8 billion of free cash flows from higher drive demand. * 7 Momentum Stocks to Buy On the Dip And naturally, Seagate has been rewarding investors with that extra cash. Today, shares yield a tech-sector high 4.5%. Apple (AAPL)Source: Yuanbin Du Via FlickrDividend Yield: 1.4%$95 billion.That's a big number. It also happens to be the amount of cash Apple (NASDAQ:AAPL) has on its balance sheet. This makes the consumer tech company one of the most cash-rich firms on the planet. That fact alone could make it a big buy. But the fact that Apple has quickly become one of the leading dividend stocks and continues to increase its buyback programs makes it a big buy right now.The key is that Apple has been able to use its vast cadre of devices to sell apps, music, movies and games. This helps Apple produce plenty of cash flows. Meanwhile, its shift into various services and other add-ons for its customers have only enhanced its cash flows further. So, even though AAPL has been handing out plenty of cash to investors, its over cash balance continues to hover over that $200 billion mark. Last year, Apple spent more than $74 billion on buybacks and raised its dividend by roughly 5.5%.With new devices hitting the markets and a focus on building out content for those devices, Apple should have no problem growing that cash balance far into the future. That should make dividend investors happy. And while there are some risks with revenue slowdowns and Chinese trade, that massive cash pile provides such a huge cushion to keep the dividend grow going.With that, Apple is still one of the best dividend stocks to buy. Equinix (EQIX)Source: Shutterstock Dividend Yield: 1.8%One of the biggest trends in tech continues to be the growth of cloud computing and mobile access. Any time you use an app to go shopping or check your bank balance, you're tapping into a data center far away. It turns out that's a very good business to be in. Just ask Equinix (NASDAQ:EQIX).EQIX is the world's largest owners of these data centers -- with more than 200 under its umbrella. The key is that EQIX doesn't actually own or really operate the centers, it's a real estate investment trust (REITs). That is, it owns the specialized buildings and rents space inside to firms to build their required computing needs. It's essentially an apartment building owner for computers.Given the continued surge in data center demand from e-commerce, cloud computing, and mobile operations, EQIX has been sitting pretty over the last few years. In Q2, its net income jumped 22% versus Q1. This continues the REIT's string of strong performance.The data center giant has paid plenty of special stock dividends to its shareholders and has managed to grow its cash payout by 45% since 2014. * 7 Momentum Stocks to Buy On the Dip With continued demand for data centers assured, EQIX is the best dividend stock to play tech's backbone. Shares currently yield 1.8%. First Trust NASDAQ Technology Dividend ETF (TDIV)Source: Shutterstock Dividend Yield: 2.4%Considering that this list didn't even touch such amazing tech dividend stocks like Oracle (NASDAQ:ORCL), Microsoft (NASDAQ:MSFT) or even Texas Instruments (NYSE:TXN), one approach could be to think broad. There are plenty of tech ETFs on the market, but only the First Trust NASDAQ Technology Dividend ETF (NYSEArca:TDIV) tackles the sector with a dividend approach.The $1 billion fund tracks an index that screens for tech stocks that have paid a regular or common dividend within the past 12 months and haven't cut the payout either. This provides exposure to all the top names in tech that pay dividends -- currently at 92 different stocks. This includes all the names on this list as well. That focus also throws off a surprising amount of income as well. Today, TDIV has an SEC 30-day yield of nearly 3.17%. That's' better than the S&P 500 and current yields on Treasury bonds.And as a total return component, TDIV has been top notch. Since its inception in 2012, the ETF has roughly doubled in share price and managed to produce an average annual return of around 12%. That's around the same as the S&P 500. The key is that TDIV has been less volatile than the broader index. Less volatile than all the tech stocks in the broader index as well. The secret is in the power of the dividends.All in all, for investors looking to score some hefty dividends from tech and take advantage of the sector's growth, TDIV could be the best way to capture those benefits.Disclosure: At the time of writing, Aaron Levitt did not have a position in any stock mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 5 Great Dividend Stocks to Buy From the Tech Sector appeared first on InvestorPlace.
Piper Jaffray lowered Merit Medical Systems, Inc. (NASDAQ: MMSI) price target from $58 to $40. Merit Medical shares closed at ...
Expedia staked out an early lead Tuesday as Home Depot stock weighed on the Dow Jones today and oil prices eased somewaht after monday's spike.
Shares of Snap Inc. are up 1.8% in premarket trading Tuesday after Susquehanna analyst Shyam Patil upgraded the stock to neutral from negative, citing "constructive" advertising channel checks and expectations for more progress in the fourth quarter. He wrote that the popularity of Instagram's "stories" feature seems to be making advertisers more willing to market on Snap's "stories" as well. Patil also sees room for Snap to meet or exceed its user-growth forecast of two to four million net additions for the third quarter. He's staying sidelined on the stock, however, due to its valuation. Snap shares have gained 16% in the past three months, as the S&P 500 has risen 3.8%.
Bethesda’s Marriott International Inc. (NASDAQ: MAR) has inked a deal with Expedia Group Inc. (NASDAQ: EXPE) to become the exclusive distributor of Marriott’s wholesale rates. As “global optimized distributor,” Expedia Group will become the sole gateway of Marriott’s wholesale rates, availability and content to a massive network of global travel providers, per a release. The “single gateway solution” will “provide a consistent and reliable shopping experience for travelers, ensuring accurate display of hotel descriptions, room rates and fees through known and trusted third party travel providers,” per a release issued jointly by Marriott and Expedia.
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Yahoo! Finance
Similar to the charts of TWLO and ADBE, ServiceNow looks like it can weaken further, so wait on making new commitments.
Oracle (NYSE: ORCL) today announced that it will hold its Financial Analyst Meeting at Oracle OpenWorld, Thursday, September 19, 2019.  Oracle's Financial Analyst Meeting will be webcast live beginning at 1:00 p.m. Pacific Time via the Investor Relations homepage at www.oracle.com/investor.  
The newest version of Snap’s Spectacles already has a 3D feature that lets you see the world with immersive filter effects, and now the company’s flagship app Snapchat is levelling up. Today the company announced a new 3D Camera Mode that will let users make and share images with diorama-like depth effects that move when […]
Gainers Plug Power, Inc. (NASDAQ: PLUG) stock moved upwards by 2.5% to $2.83 during Tuesday's pre-market session. Zynga, ...
Datadog Inc said on Tuesday it was looking to raise about $718 million in an initial public offering that could value the data analytics and cloud monitoring company at more than $7 billion.
Expedia Group (NASDAQ: EXPE) and Marriott International (NASDAQ: MAR) today announced that as part of a new agreement signed in April 2019, Expedia Group will become the exclusive global optimized distributor of Marriott's wholesale rates, availability, and content to a network of global travel providers, effective October 15, 2019.
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FinancialContent
On Tuesday, September 17, Adobe (NASDAQ: ADBE) will release its latest earnings report. Check out Benzinga's preview to understand ...
* Deal includes "upsize" option that could lift sale by 36.8%
WeWork owner The We Company has postponed its initial public offering (IPO), walking away from preparations to launch it this month after a lacklustre response from investors to its plans.
“The Cloud” evolved from a budding innovation in tech into one of the largest factors driving growth in the technology sector in a relatively short period of time.
* Deal includes "upsize" option that could lift sale by 36.8% (Adds deal details, company comments)
Self-driving truck startup TuSimple said on Tuesday it raised an additional $120 million from investors to be used to expand long-haul services for truck fleets and jointly develop an autonomous commercial vehicle with truck makers and suppliers.
You don’t have to own the big tech stocks to make decent profits. Here are six lesser-known gems that are ready to take advantage of coming trends in tech.
Best known for its Snapchat app, Snap has a real chance of meeting or even surpassing its goal of adding 2 million to 4 million new users in the fourth quarter, a note from Susquehanna says.
Some of the stocks that may grab investor focus today are: Wall Street expects Cracker Barrel Old Country Store, Inc. (NASDAQ: ...
Companies Reporting Before The Bell Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) is projected to report quarterly ...
ServiceNow shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 79 to 87.
- 29 page report reveals TripAdvisor stopped over 1m fake reviews from reaching the site in 2018
WeWork owner The We Company said on Monday it expected to complete its initial public offering (IPO) by the end of the year, after walking away from preparations earlier in the day to proceed with it stock market debut this month.
(Bloomberg) -- Oracle Corp. unveiled an operating system that runs without the need for human oversight, part of a raft of new software tools meant to ease the company’s rocky transition to cloud computing.The operating system expands Oracle’s line of autonomous products beyond databases, the company’s flagship software. Chairman Larry Ellison announced the new Linux-based product Monday during remarks at OpenWorld, Oracle’s annual user conference in San Francisco.“If you eliminate human error in autonomous systems, you eliminate data theft,” Ellison said on stage. The feature makes Oracle’s products more secure than those sold by cloud leader Amazon Web Services, he said.Ellison said the operating system, which the company’s Autonomous Database runs on, will update itself without any downtime.The world’s second-largest software maker has sought to revive sales growth after years of almost stagnant revenue. Oracle hopes that a lineup of “self-driving” programs could help differentiate the company’s offerings against products from Amazon.com Inc. and Microsoft Corp. Those companies are the top two in the market to rent storage and computing power, which is projected to reach almost $39 billion in 2019. The tools may also entice longtime Oracle customers to upgrade their technology to take advantage of artificial intelligence and machine learning capabilities.Oracle disclosed last week that Mark Hurd, one of the company’s two chief executive officers, would take a leave of absence to treat an unspecified illness. Ellison and Oracle’s other CEO, Safra Catz, said they would fill in for Hurd, who has overseen the company’s sales and marketing efforts.The Redwood City, California-based company also announced a variety of changes and new programs to bolster its partner ecosystem:Oracle unveiled an agreement with VMware Inc. to bring virtualization software to Oracle’s cloud, similar to deals VMware has signed with Microsoft and Google.Customers will be able to buy software made by other companies in the Oracle Cloud Marketplace, which may help company partners including Cisco Systems Inc. and Palo Alto Networks Inc.Oracle also said it expanded a relationship with cybersecurity company McAfee Inc. to bring its security incident software to Oracle’s infrastructure cloud.Ellison said Oracle would offer a free version of its Cloud Infrastructure, giving developers, students and others perpetual access to the company’s autonomous database, computing and storage.The company plans to launch 20 additional cloud data-center hubs, called “regions,” by the end of 2020. Ellison said the company would have more regions around the world than AWS.Oracle will let customers run the autonomous database in their own data centers next year, and unveiled new servers with updated memory components from Intel Corp.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
WeWork owner The We Company took a last-minute decision on Monday to suspend preparations for an initial public offering (IPO), concerned that its stock market debut would be snubbed by many investors, people familiar with the matter said.
16 Sep, 2019
Oracle continues to deliver ground-breaking data management technologies to help businesses protect and capitalize on their data
AGEA, AsiaPay, Kingold, OUTFRONT Media, SKY Brasil are among customers relying on Autonomous Database to deliver mission critical availability, performance, and security
Oracle extends autonomous capabilities to Linux operating system
Oracle unveils "in country" dual region strategy to help customers address disaster recovery and compliance needs; expands footprint for Microsoft interconnect
Augments security portfolio with cloud services designed to automatically detect, hunt, and kill cyber threats
Company rolls out Gen 2 Exadata Cloud at Customer, previews Autonomous Database Cloud at Customer
New Always Free services enable developers and students to learn, build and get hands-on experience with Oracle Cloud for unlimited time
Program to offer free access to Oracle Cloud, training in Oracle Autonomous Database for educators and curriculum for students
Oracle Corp and VMware Inc on Monday announced a deal designed to resolve years of tension over how Oracle handles technical support for VMware users and make it easier for them to move to Oracle's cloud computing service.
Exadata X8M, industry's first database machine with integrated persistent memory and RoCE, delivers 2.5X performance increase and 10X lower latency at same price
World's first and only shared persistent memory system optimized for Oracle Database
The database giant posted flattish sales and sharply buyback-boosted earnings.
Oracle Cloud helps software partners achieve improved customer experience and lower costs, and adds the ability to sell complete solutions through Oracle Cloud Marketplace
Uber on Tuesday will begin limiting drivers' access to its app in New York City to comply with regulation aimed at boosting drivers' pay and easing congestion in Manhattan, laws that Uber says will have unintended consequences.
Both Priceline and Hotwire travel booking sites are easy to use and becoming more similar. Priceline seems to list more options and uses opaque pricing for both hotels and flights. Hotwire's opaque pricing is limited to hotels but is more transparent.
Virginia Cavaliers coach Tony Bennett is the exception. Most S&P 500 CEOs pocketed an $800,000 raise last year.
PayPal stock will get a boost as the company forms e-commerce partnerships, offsetting the revenue loss from former parent eBay, an analyst said.
Equity markets were relatively quiet on Monday, which is perhaps surprising given that crude oil prices rocketed higher. The commodity jumped more than 13% after a drone strike in Saudi Arabia over the weekend. Here are some top stock trades to watch this week. Top Stock Trades for Tomorrow No. 1: Schlumberger (SLB)Shares of Schlumberger (NYSE:SLB) are up over 5% on the day and could rally even further should demand for crude oil remain strong. On the charts, though, SLB stock is running into an important level. InvestorPlace - Stock Market News, Stock Advice & Trading Tips$40 was support from February until May, when share prices broke down. In July, $40 was a tough level of resistance that forced SLB back to new lows. It has been a tough ride for shareholders. However, with Monday's gap up, shares are above the 200-day moving average. If they can reclaim $40, the 38.2% level near $43.50 is on the table. Above $44 and the 50% retracement is possible. On the downside, see that SLB stays above prior downtrend resistance (the blue line). Top Stock Trades for Tomorrow No. 2: Exxon Mobil (XOM)Like SLB, Exxon Mobil (NYSE:XOM) isn't getting quite the same boost that crude oil is, up "just" 1.6% near the close on Monday. * 7 Tech Stocks You Should Avoid Now From here, bulls will want to make sure XOM stock stays above the 200-day moving average and the 61.8% retracement at $73.33. If it can, the 50% retracement near $76 is on the table, with the next upside target being June/July resistance at $77.If support gives way, I want to see XOM hold up above prior downtrend resistance. Clearing downtrend resistance is a big setup for a lot of down-and-out energy names. Now it needs to stick. Top Stock Trades for Tomorrow No. 3: Kirkland Lake Gold (KL)After last week's retreat, gold is on the move higher again. That's giving a boost to Kirkland Lake Gold (NYSE:KL), which is up 4.3% on the day. However, that's well off the highs near $45. Shares are near a key point on the charts. Should KL close below $42, it will lose short-term support (black line) and uptrend support (blue line). That could open it up to a test of the 200-day moving average.What bulls really need to see is for this support level to hold, and for KL stock to reclaim the 50-day moving average. If it can, it puts $50-plus on the table. Top Stock Trades for Tomorrow No. 4: ServiceNow (NOW)The setup in ServiceNow (NYSE:NOW) is pretty straightforward. Support at $250 held, as shares work on reclaiming the 20-day moving average. If it does, it puts downtrend resistance (blue line) on the table, with a test of $270 as the next upside target above that. However, if the 20-day or downtrend resistance rejects NOW, see that $250 again holds as support.If it fails, a test of the 200-day moving average is likely. Top Stock Trades for Tomorrow No. 5: DowWe've kept an eye on Dow (NYSE:DOW) thanks to that big dividend yield. However, more recently it's been the bullish price action.After bottoming out around $40 last month, shares have been quick to reclaim both the 20-day and 50-day moving averages. Further, Dow stock has also reclaimed the key $47 level. That puts $52 on the table now. On a pullback, I would love to see the $47 level now act as support. However, the 50-day also attracted buyers on two consecutive pullback days (blue box) earlier this month. So that mark is the must-hold for now, in my view. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post 5 Top Stock Trades for Tuesday: SLB, XOM, KL appeared first on InvestorPlace.
Trump campaign manager Brad Parscale last week tweeted out “Socialism SUCKS” — two words capturing a theme that has to be familiar to anybody who tunes in to Fox News or the president’s Twitter feed. But one former GOP senator and governor on Monday pointed out what could be an uncomfortable truth for Trump supporters
The Chicago-based carrier had threatened to withhold ticket fare data from the travel website company starting later this month, but all appeared to be forgiven on Monday.
The boss of L’Oréal, the world’s largest beauty company, admitted in an interview with MarketWatch that pollution is good for business. He also insisted that a trend among millennials to digitally enhance their looks on social media does not make beauty products redundant but actually boosts business.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in EOG Resources, Inc. (EOG), where a total volume of 64,129 contracts has been traded thus far today, a contract volume which is representative of approximately 6.4 million underlying shares (given that every 1 contract represents 100 underlying shares)..
Fitness company Peloton faces a lot of questions from skeptical Wall Street analysts ahead of its initial public offering. The Peloton IPO is expected to start trading on Sept. 26.
Yahoo Finance recently conducted a survey to see how social media users feel about privacy. Yahoo Finance's Zack Guzman, Sibile Marcellus and Brian Cheung, along with CampusReform.org Editor-in-Chief Cabot Phillips discuss.
Morgan Stanley ranked as the top financial adviser in activist campaigns during the first six months of 2019 while Goldman Sachs and Spotlight Advisors each added clients and tied for second place, according to Refinitiv data.
Spending money on innovation is necessary, and spending it wisely can be the key to a company's success.
Former President Barack Obama and President Donald J. Trump are coming to Silicon Valley this week with different agendas: Trump to raise cash, and Obama to raise awareness about data.
Few investors outside Latin America have heard of MercadoLibre, the region's largest e-commerce platform, but with numbers like these, it's about time to get better acquainted.
Here's a look at the three industries worst affected by the ongoing trade war between the U.S. and China, and the companies that can expect a lot of change.
Adobe leads a thin lineup of earnings news, while markets will watch oil prices and Saudi Arabia's ability to recover from an attack on its key infrastructure.
While President Trump is “locked and loaded” and “waiting to hear” from Saudi Arabia about who was behind last weekend’s drone attacks on two of the Kingdom’s oil plants, Democratic presidential hopeful Tulsi Gabbard fired off an attack of her own on Twitter.
Investors in Fitbit Inc (FIT) saw new options become available today, for the January 2022 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 858 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration..
Over half of Gen Z and millennial shoppers find inspiration for fashion purchases on social media.
Whether you're planning a once-in-a-lifetime vacation or a casual weekend getaway, navigating the travel world can be complex. That's why today, Expedia.com® has officially launched "Out Travel The System," a podcast designed to give travelers a sneak peek behind the curtain to arm them with insider tips, tricks and hacks. Hosted by Global Director of Public Relations for Brand Expedia, Nisreene Atassi, the podcast gives listeners the inside scoop on all facets of travel. Subscribers will get a chance to hear directly from the pros like travel blogger and influencer, Courtney Scott, and astrology queens, The AstroTwins to make your next vacation a breeze. Each episode will dive into a unique topic affecting travel today – from the best time to book flights and navigating a solo trip to picking your best travel companion based on your zodiac sign.
- Q2 2019 share repurchases were $164.5 billion - 20.1% lower than Q1 2019, 13.7% lower than Q2 2018, and 26.2% lower than the record Q4 2018.
One in five users say they had their privacy violated on social media, according to an exclusive new Verizon Media survey.
Ahead of the 2020 elections, Snapchat has launched a political ads library that is publicly available.  Snap's ad archive includes the name and address of the person or company that paid for the ads, as well as the run date, money spent and ad impressions. Yahoo Finance’s Dan Roberts, Brian Cheung and Julia La Roche discuss.
15:05
Seeking Alpha
Oracle JDK 13 improves application performance, adds two language feature previews, and more
U.S. internet stocks have been red-hot once again in 2019, gaining roughly 45% year-to-date.Each month, Nomura Instinet analyst Mark Kelley tracks the latest trends in global internet usage by taking a look at Sensor Tower data for the month. In addition, Kelley looks at recent headlines to get a sense of which internet stocks are winning over users. Investors who get ahead of the curve by examining internet usage data can potentially get valuable insight heading into third-quarter earnings season for stocks. * 10 Recession-Resistant Services Stocks to Buy With that in mind, here's a list of Nomura Instinet's top five internet stocks to buy now and their usage trends from the month of August.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Internet Stocks to Buy Now: Spotify (SPOT)Source: Spotify Spotify (NYSE: SPOT) was once again the most downloaded music streaming app in August. The Spotify app had more than 17.7 million downloads. Downloads were up 18% in August from a year ago -- its lowest growth rate since February.However, Spotify downloads again outpaced its closest global competitors in YouTube Music (12.3 million), JioSaavn Music (5.2 million) and Deezer (3.4 million). Kelley says Spotify's 10% price hike in Norway doesn't seem to have had a major impact on revenue or cancellations, potentially opening up the door for higher prices in other regions.Nomura Instinet has a "buy" rating and $190 price target for SPOT stock. InterActiveCorp (IAC)Source: Rob Thurman Via FlickrInterActiveCorp (NASDAQ:IAC) is an 80% stakeholder in Match Group (NASDAQ:MTCH), the parent company of popular dating sites including Match.com, Tinder, OKCupid and PlentyOfFish.One of the biggest overhangs for IAC stock this year has been the launch of a Facebook (NASDAQ:FB) dating service late last year. Kelley says the latest data suggests Tinder has not been negatively impacted by Facebook's service. He says Facebook is a manageable risk for Match, and online dating is far from a "winner take all" market. Subsidiary Hinge was a major growth source in August, with year-over-year downloads up 56%. * 7 Tech Stocks You Should Avoid Now Nomura Instinet has a "buy" rating and $314 price target for IAC stock. Pinterest (PINS)Source: Nopparat Khokthong / Shutterstock.com Pinterest (NYSE:PINS) had 10.7 million downloads in August, up 18% from a year ago. The social media company also opened a new headquarters in Australia in August and reported a large earnings beat after making improvements to its platform.Kelley is projecting a three-year compound annual revenue growth rate for Pinterest of 42% -- the highest among the 12 internet media stocks under coverage and well above the 25% average growth rate of the group. Unlike some of its unprofitable peers, Kelley is also projecting annual net income growth of 45% as well.Nomura Instinet has a "buy" rating and $39 price target for PINS stock. Facebook (FB)Source: rvlsoft / Shutterstock.com Facebook and its advertising business just keep on trucking through all the political controversy, regulation, boycotts, lawsuits and antitrust probes.FB stock is up another 42.8% in 2019. Facebook's WhatsApp was the most downloaded social media app in August, with more than 57.2 million downloads. Messenger was a close second with 55.3 million downloads followed by the Facebook app with 52.5 million downloads and Instagram with 36.9 million downloads. While download growth on these four platforms slowed from a year ago, a clear sweep of the top four spots and a total of nearly 200 million downloads is extremely impressive.Nomura Instinet has a "buy" rating and $235 price target for FB stock. Alphabet (GOOGL)Source: achinthamb / Shutterstock.com In addition to Facebook and Match, Kelley says Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is the big winner from the August usage data.Behind the four Facebook platforms, YouTube was the most-downloaded social media app in August with more than 23.3 million downloads. Surprisingly, users downloaded Google Search 8.2 million times in August, up 39% from a year ago. Search had previously not gotten more than 5.9 million downloads in any month during the past year. The Google Chrome app also got 6.4 million downloads in August.Nomura Instinet has a "buy" rating and $1,400 price target for GOOGL stock.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Nomura Instinet's Top 5 Internet Stocks to Buy Now appeared first on InvestorPlace.
Symbols mentioned in this story: QQQ, CSCO, ADP, FISV Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Johnson’s comic book comparison left plenty of people besides the “Avengers” star a little green.
Shares of Oracle Corp (NYSE:ORCL) have bearishly opened below the pivot of $53.93 today and have reached the first support level of $53.15. Investors may be interested in a...
The tech giant still can’t generate any meaningful growth without big buybacks.
Salesforce.Com (NYSE:CRM) has opened bearishly below the pivot of $153.54 today and has reached the first level of support at $152.18. Analysts will be watching for a cross of...
Expedia Group announces today that it has signed a new, multi-year agreement with United Airlines, which operates flights to nearly 360 destinations in 57 countries. This new agreement ushers in an expanded relationship, meeting the strategic objectives of both companies and benefiting travelers around the world.
Oracle Cloud Infrastructure earns key government milestone to support demand from customers
Bango (AIM: BGO), the mobile commerce company, and AE Tolls, have entered into a partnership that allows American drivers to place road toll charges on their monthly phone bills. Now launched with a tier one mobile operator in the USA, the ‘tapNpay’ service will drive a new source of payment traffic through the Bango Platform.
It has been a frustrating, expensive journey.
Not all of them are good investments, but we think these three newly-public companies could be worth a look
New industry product, built on the world's #1 CRM, will enable field reps to transform retail execution to ensure the right product gets to the right store at the right time
Millennials are famous for their skinny jeans and avocado toast. But they've had pretty good luck picking some top stocks this year, too.
New industry product, built on the world's #1 CRM, provides a unified view of rapidly changing customer demand across the entire value chain
ELEVATE allows organizations to set a digital transformation foundation in motion
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard S&P 500 Growth ETF (VOOG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $180.09 per unit.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco QQQ ETF (QQQ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $212.46 per unit.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR FactSet Innovative Technology ETF (XITK), we found that the implied analyst target price for the ETF based upon its underlying holdings is $122.07 per unit.
While investors sift through the aftermath of the weekend attack that disrupted Saudi Arabia’s crude output, the Wall Street veteran who ran the world’s biggest tech fund during the dot-com days issued a stark warning for those looking to hitch their ride to the continued leadership of the tech sector. A near-term correction is “inevitable,” Paul Meeks says.
Great business models. Great growth prospects. Great moats. These three stocks check off all the boxes for buying and holding for years to come.
Bear of the Day: DXC Technology Company (DXC)
A Relative Strength Rating upgrade for Alphabet shows improving technical performance.
Investing.com - U.S. futures pointed to a weak opening bell on Monday as oil prices spiked to their highest level since May after drone strikes hit more than half of Saudi Arabia’s oil capacity over the weekend.
The UK’s Competition and Markets Authority back in February managed to get a handful of brands owned by Expedia Group and Booking Holdings to change how they displayed information to consumers searching for accommodation online. Essentially it was concerned about hate-selling through techniques such as hidden charges, and ordered them to sort it out. The […]
15 Sep, 2019
The streaming service is benefiting from a growing list of quality programs.
On CNBC's "Options Action", Dan Nathan suggested an options strategy in Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG). He ...
18:25
Seeking Alpha
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included the iPhone maker, ...
Dow Jones giant Walmart and Lululemon Athletica are in buy zones, while TJX, eBay and Zumiez are just below buys as retail stocks lead.
14 Sep, 2019
22:19
FinancialContent
The stock market powered ahead last week as a very hot trade war cooled. The tiniest whiff of positive news on trade and tariffs lifts the market. But money managers are moving from growth to value.
It is beating its peers as it boosts its user base and engagement and goes after new revenue opportunities.
19:05
FinancialContent
The share price of the wearables pioneer recently hit an all-time low, and the path forward for the company is murky.
Julian Shapiro Contributor Share on Twitter Julian Shapiro is the founder of BellCurve.com, a growth marketing agency that trains you to become a marketing professional. He also writes at Julian.com. More posts by this contributor How to get your ads working, and whether PR is worth it The secret of content marketing: avoid high bounce […]
Techcrunch Disrupt is where the startup world gathers to see the present and the future of tech in one place. Be inspired by the insights of today's leaders and tomorrow's best startups, learn from industry analysts sharing their business expertise, witness the latest innovations and up-and-coming founders, and make the right connections easily to propel your business forward. The event starts October 2nd in San Francisco. You can buy tickets here: https://techcrunch.com/events/disrupt-sf-2019/tickets
Growth has outperformed value for a decade, but the next blowup may change that.
13 Sep, 2019
Chairman of the Board & co-CEO of Salesforce.com Inc (30-Year Financial, Insider Trades) Marc Benioff (insider trades) sold 10,000 shares of CRM on 09/12/2019 at an average price of $154.21 a share. Continue reading...
While consumers generally love Fitbit (FIT) products, this hasn’t necessarily converted to sales. And this is making investors nervous. One of the biggest challenge (and opportunity) the company is facing is marketing its watches as medical devices. While many people use these watches to track health-related activity, they cannot be prescribed widespread by doctors until the company gets federal approval on at least a few features. This puts them in contrast with the Apple Watch, which has FDA clearance on select features, making it more medical device than any Fitbit product. And while the market is small, with only a handful of players, some believe Apple’s dominance will reign and ultimately wipe FIT out. Deutsche Bank analyst Jeffrey Rand is not as dire as some, but he remains sidelined on Fitbit stock with a Hold rating and $5 price target, which implies about 33% upside from current levels. While Fitbit hasn’t taken off as a medical device in the US, Rand points to Singapore for optimism. According to the company, Rand says, the recent deal with the Singapore Health Promotion Board is "a validation point that wearable devices can have a positive impact on the health of a large population,” and will pave the way to “opportunities with other governments/insurance companies to provide devices for a large population of people.” Should the company be able to reach a large population of people like it hopes, Rand believes it has at least one advantage over Apple — it’s ability to work across Android. He says this “remains a key competitive advantage for the company,” as large partnerships with governments or insurance providers means a massive user base — and one that may not always be Apple users.Rand takes a step back and evaluates Fitbit's recent jump into subscription software, Fitbit Premium. He says the company “sees many opportunities in its subscription business, including a more stable recurring revenue stream and the opportunity” to bundle the software with the hardware, helping push customers to buy the hardware. When ramped up, Premium could be a major revenue generator for the company. However, the analyst believes the subscription business will take some time to ramp and till then he remains on the sidelines.All in all, Wall Street believes Rand is smart to play it safe when it comes to the wearable device maker's prospects ahead, as TipRanks analytics reveal FIT as a Hold. Out of 7 analysts polled in the last 3 months, 3 are bullish on Fitbit stock, 2 remain sidelined, and 2 are bearish on the stock. With an upside potential of 33%, the stock’s consensus target price stands at $4.99.
Apple Watch average selling prices were an estimated $448.
Apple (AAPL) announced an upgrade to its Watch series with the Apple Watch 5. Here's why Apple should keep leaning into the health ecosystem to stay on top.
“It was a game-changing acquisition for Adobe. It really put more fuel in the tank from a growth and product perspective,” an analyst tells the Business Journal.
19:39
Seeking Alpha
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Netflix Inc (NFLX), where a total of 196,394 contracts have traded so far, representing approximately 19.6 million underlying shares. That amounts to about 314.2% of NFLX's average daily trading volume over the past month of 6.3 million shares..
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Berry Global Group Inc (BERY), where a total of 4,208 contracts have traded so far, representing approximately 420,800 underlying shares. That amounts to about 42.9% of BERY's average daily trading volume over the past month of 981,690 shares..
A double bottom base pattern only occasionally sketches a proportionate design. They are often distorted and difficult to recognize. Yet symmetry is key.
Data shows recent generations of iPhones have gotten heftier.
The Federal Reserve is expected to cut short-term interest rates again. Will this mortgage play, one of the hot growth stocks in 2019, benefit?
Top tickers for midday: AAPL, BAC, NFLX, AMD, MSFT, TSLA, SQ, JPM, AMZN, FB, BABA, ROKU, T, NVDA, FCX, GE, SNAP, OSTK, MU, AVGO.
When Wall Street gets in a mood, it's time to watch out. It's also true the market can forgive and forget just as quickly. As much, when it comes to deeply oversold and out-of-favor growth stocks Pinterest (NYSE:PINS), Zscaler (NASDAQ:ZS) and CrowdStrike (NASDAQ:CRWD), it's time to put these names on your radar as stocks to buy today.While the averages have clawed their way back and into favor with index-focused investors, many risk assets have been left behind. Large-cap tech giants Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN) are two prolific performers and household names that have largely failed to participate in the market's current rally.Sure, there's company-specific or macro reasons for the treason-like price behavior. There always is. More important, most often those concerns quietly and sometimes quickly disappear -- and are then replaced by as easily defendable supports for making yesterday's whipping boy today's hottest new toy on Wall Street. So, NFLX and AMZN are stocks to buy?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Discount Retail Stocks to Buy for a Recession Personally, I'm not here to defend NFLX or AMZN shares and their varied levels of investor loathing. I'd rather focus on smaller, up-and-coming companies with big-time growth prospects and oversold price charts. These are stocks to buy if you can get past today's bearish narratives. Growth Stocks to Buy: Pinterest (PINS)Pinterest stock is the first of our growth stocks to buy. The wildly popular, web-based visual discovery platform rocketed higher by nearly 19% in early August after smoking earnings forecasts. The bullish price action set the stage for a market-leading, cup-with-handle breakout to fresh all-time-highs. But the classically strong-looking situation wasn't meant to be.With nary a price driver to account for the complete unwinding of shares, Wall Street and its often fickle -- and sometimes perverse -- behavior took the technically-constructive pattern and sent shares into a well-oversold situation that's tested trend-line support this week.I recommend that Pinterest is a stock to buy today. Investors should size the position for a 10% stop-loss to minimize exposure and exit if nearby support fails. Zscaler (ZS)ZS stock is the second of our growth stocks to buy. The cybersecurity upstart dropped the ball with reduced guidance for its fiscal year amid worries that Palo Alto Networks (NYSE:PANW) is encroaching on its growth. Oh, the worries.I'd be quick to point out it's far from unusual for one quarter's jeers to be replaced by investor cheer the very next reporting period. And ZS stock is no stranger to this phenomenon, either. Chalk up the reversal in price action to sandbagging, better-than-feared results or any number of reasons -- Wall Street has lots of reasons to forgive and forget.One early sign that investors will eventually reconnect with ZS stock is the price chart. Shares of Zscaler are oversold while filling a bullish earnings gap from two quarters ago. ZS stock is testing its lifetime cycle 62% Fibonacci support level. * 10 Battered Tech Stocks to Buy Now My recommendation for this stock to buy is to purchase shares if a confirmed weekly chart bottoming candlestick pattern emerges in the next several sessions while continuing to hold ZS stock's fallout low of $46.04. CrowdStrike (CRWD)CRWD stock is the last of our growth stocks to buy. CrowdStrike is another cybersecurity play and another casualty of earnings. Unlike ZS stock, CRWD appears to have suffered the curse of overly high expectations and valuation concerns as this growth stock topped estimates and boosted both its earnings and sales guidance. Talk of competition from VMware (NYSE:VMW) also helped shares spiral lower.Of the three, CRWD stock is the one I'd be most wary of buying. Shares ripped straight through a prior bullish earnings gap and 62% retracement level. CrowdStrike is now testing the 76% level for support. But if this week's low fails, shares are likely to challenge the June opening low of $56.My recommendation for this stock to buy is to purchase shares above $72, as long as CRWD can hold $65. Both the entry and exit blend the chart with pragmatism in keeping risk contained to roughly 10% -- and keeping investors safely on the sidelines for a more valuable stock to buy if a challenge of the prior low and double bottom pattern are to become a future reality.Investment accounts under Christopher Tyler's management currently own positions in Pinterest (PINS) and its derivatives, but no other securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 3 Oversold Growth Stocks to Buy Today appeared first on InvestorPlace.
Twitter Inc has restored some of the accounts of Cuban state-run media, journalists and government officials it had blocked on Wednesday, although others like that of Communist Party leader Raul Castro remain suspended.
The ‘Desperate Housewives’ actress is due to be sentenced Friday for her role in the college-admissions scandal.
15:39
FinancialContent
Though it raised its guidance and showed good sales growth last quarter, investors just aren't that bullish on the SaaS company anymore.
WeWork will be listing its shares on the NASDAQ. The company also outlined sweeping changes in its governance ahead of its trading debut, which is expected on September 23. Yahoo Finance's Adam Shapiro, Julie Hyman, Jared Blikre, and Rick Newman discuss.
Critics are likening the advert to a death threat against Alexandria Ocasio-Cortez. .
Symbols mentioned in this story: TQQQ, FB, GOOG, GOOGL Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Can some of the best value stocks actually come from the growth patch? The IBD 50 offers proof that big growth stocks can deliver value.
Congress is ramping up its probe into the tech industry, with House lawmakers demanding emails and executive communications from four technology giants as they look for evidence of anticompetitive behavior.
13:45
Seeking Alpha
FinancialBuzz.com News Commentary
Gainers Foresight Autonomous, Inc. (NASDAQ: FRSX) shares moved upwards by 20.0% to $1.80 during Friday's pre-market ...
Here we focus on five stocks that stand to gain immensely from the burgeoning global travel and tourism industry.
A simple-to-use online sales tool is finally available in the solar industry.
Cloud software stocks suffered a reversal that has produced losses of close to 50% from record highs.
(Bloomberg Opinion) -- There's a difference between leveraged buyouts and venture capital: debt. It's a distinction one European private equity firm seems to want investors to overlook. They shouldn’t let their eagerness to jump on the tech bandwagon blind them to it.London-based private equity firm Permira Holdings LLP is preparing an initial public offering of TeamViewer AG. The deal may value the German software maker at as much as 5.5 billion euros ($6.1 billion). That’s more than 17 times 2019 billings. ServiceNow Inc., a similar enterprise cloud software firm in the U.S., trades at a mere 12.5 times forward billings.That lofty valuation isn’t necessarily a problem in and of itself. Investors may well fall over themselves to get a piece of what is, after all, a rarity in Europe: a fast-growing tech company that generates cash and operating profit.But they shouldn’t ignore the warning signs. All the roughly 2 billion euros of net proceeds from the IPO are going to Permira, which will also keep a 58% stake. In all, the firm could end up sitting on a return of almost 13 times its original investment.Then look at TeamViewer’s debt. Include the cost of servicing its borrowings, and the operating profit it posted last year turns into a net loss. After the IPO, the company’s balance sheet will be still laden with debt. TeamViewer expects net debt to fall to 3.1 times cash Ebitda by the end of this year, but that’s well above the level of its tech peers, which typically target lower debt ratios because they don’t have many fixed assets to fall back on should things go awry. In fact, TeamViewer had negative net assets at the end of June. That alone is cause for caution.Potential shareholders will need to have absolute faith that the company can continue to grow and avoid major bear-traps. On one hand, TeamViewer is shifting to a subscription-based business model, which should give it a more predictable recurring revenue stream. But it has also warned that larger U.S. competitors like Microsoft Corp. might try and muscle in on its territory. That could make it hard to continue the 35% annual growth in billings it posted this year.Then there’s the risk of cyberattack. TeamViewer’s key offering is software to monitor computers and equipment remotely, which makes just one major hack a big operational risk. Indeed, the prospectus confirms that in 2016 the company was the target of an attack on its IT infrastructure. The firm detected the activity – but only disclosed it in May when Der Spiegel revealed what it said was a breach by Chinese hackers.This IPO isn’t just a missed opportunity to improve TeamViewer’s balance sheet. Cloud software companies can be inherently volatile, as my colleague Shira Ovide pointed out last week, so it makes even less sense to include debt in this combustible mix. That investors are prepared to overlook all this is testament to the dearth of publicly traded technology companies in Europe. They have next to no choice. To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Atlassian saw an improvement in its IBD SmartSelect Composite Rating Friday, from 94 to 96.
The concerns are about whether its advertising business is violating privacy and antitrust laws.
12 Sep, 2019
She is one of eight people who will be recognized by the Puget Sound Business Journal at the third annual Director of the Year Gala on Sept. 12 at the Four Seasons Hotel in Seattle.
Sometimes the market gives long-term investors a gift for no reason whatsoever.
Cloud powerhouse Adobe is getting ready to release its 3rd quarter earnings Tuesday, September 17th, after the bell.
Todd Gordon of TradingAnalysis.com spoke on CNBC's "Trading Nation" about a bullish options trade in Alphabet Inc (NASDAQ: ...
On CNBC's "Fast Money Halftime Report,"Joe Terranova recommended a long position in Shake Shack Inc (NYSE: ...
The leaders of 145 companies on Thursday urged the U.S. Senate to require expanded background checks on gun sales and enact other laws ...
U.S. social media company Twitter Inc has blocked the accounts of Cuban Communist Party Leader Raul Castro, his daughter Mariela Castro and Cuba's top state-run media outlets, a move the Cuban Union of Journalists denounced as "massive censorship".
Value stocks are in. Momentum stocks are out. Thank you President Trump.
HQ Commute Manager Melanie Truhn was hired in September 2015, about five months after Expedia closed on the property for its Interbay headquarters.
Smartphones join the 12 contenders who have had the biggest impact on how we play and interact.
A letter signed by 145 CEOs from companies like Twitter, Levi Strauss and Uber called on the Senate to pass a bill requiring background checks on all gun sales along with a “red flag” law allowing officers to take away guns from people they see as threats. Texas Senator Ted Cruz basically told them to stay in their lanes.
U.S. social media firm Twitter Inc has blocked the accounts of Cuban Communist Party Leader Raul Castro, his daughter Mariela Castro and Cuba's top state-run media outlets, a move the Cuban Union of Journalists denounced as "massive censorship".
Amid the warnings of public disorder, food shortages, and transport delays in the event of a no-deal Brexit, data flow disruptions might seem like a trivial thing to worry about. But given the interconnectedness of the European online world, it is worth considering just what kind of impact this might have, especially on the travel […]
As the European Central Bank adds more stimulus, the pressure is on the Federal Reserve to do the same.
2019 has been a big year for initial public offerings. The year saw the arrival of some of the most anticipated IPO stocks in years, among them Uber (NYSE:UBER) stock.Indeed, it's possible that 2019 will set a record for the most capital raised, topping the $97 billion raised in 2000. WeWork and Peloton are among the well-known companies likely to go public before year-end.That said, post-IPO performance has been mixed. UBER stock, most notably, has been a flop. On the other side of the coin, a food-tech play has been one the best performers of all time, at least in the early going.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Battered Tech Stocks to Buy Now What matters at this point, of course, is not how these IPO stocks have traded so far -- but how they'll trade going forward. In some cases, big gains should continue. In others, early stumbles might look like a buying opportunity -- or a worrisome omen. After all, in many ways the IPO is the easy part. It's keeping investor attention after the offering that can be much more difficult. IPO Stocks: Uber (UBER)Source: NYCStock / Shutterstock.com Uber's IPO got off to a rocky start: Its $45 IPO price gave way almost instantly.UBER stock managed to grind back to those levels on a few occasions. But a disappointing second quarter earnings report last month sent shares tumbling. Uber stock neared $30 late last month before a recent bounce.The performance might be even worse than a 29% decline from the IPO price suggests. Uber executives reportedly wanted a $120 billion valuation ahead of the offering. The company's current market capitalization is less than half that.As I wrote last month, whether UBER stock can rebound likely comes down to one key factor: investor trust in the business model. It might seem stunning given the $58.6 billion valuation, but many investors still believe that the Uber business model will never be consistently profitable.The argument is that Uber simply has bought its growth through driver and rider incentives. To become profitable, those incentives will have to go away. But if and when those incentives go away, Uber's driver and rider pools both shrink.From that standpoint, the cheaper Uber stock price doesn't change the case all that much. If the model works -- if Uber can truly revolutionize not only the taxi industry, but food delivery and even freight -- UBER stock probably rises. If it doesn't, the stock would plunge.It's hard to know for certain which scenario plays out -- but one can at least reasonably assume that Uber stock is going to make a big move going forward. Lyft (LYFT)Source: Tero Vesalainen / Shutterstock.com For Uber's ride-hailing rival, Lyft (NASDAQ:LYFT), post-IPO trading hasn't been much better. LYFT, too, quickly dipped below its IPO price of $72. Like UBER stock, it touched an all-time low last month. And at least relative to its initial price, LYFT has underperformed, declining 38% against Uber's 29%.The broad question about the viability of the ride-hailing model obviously applies to Lyft as well. But there are two key differences in the stories.First, Lyft remains much smaller. Its revenue in the June quarter was less than one-third that of Uber. Of course, that may not necessarily be a bad thing. Lyft clearly has gained market share over the past few years, helped in part by the scandals at Uber. Continued share gains give Lyft a path to better growth going forward than Uber -- and potentially quicker profitability. * 10 Stocks to Sell in Market-Cursed September Second, Lyft doesn't have a delivery business, as Uber does with UberEats. And that might be a weakness, given investor hopes for UberEats rivals like DoorDash and GrubHub (NYSE:GRUB).Meanwhile, LYFT stock still trades at a premium to UBER stock on a price-to-revenue basis. That seems a bit surprising. Investors right now are pricing in further market share gains for Lyft, no matter how the actual market plays out. If Lyft disappoints on that front, the declines could continue. Chewy (CHWY)Source: designs by Jack / Shutterstock.com To some investors, online pet food retailer Chewy (NYSE:CHWY) looks a lot like UBER stock. Yes, growth has been impressive: 2018 revenue was eight times that generated just three years earlier.But, like Uber, bears argue that Chewy simply is creating unprofitable revenue. Indeed, well-known investor David Einhorn compared CHWY stock to that of Pets.com, one of the most infamous of the dot-com bubble stocks.That comparison seems unfair, however. Pets.com generated less than $6 million in revenue in 1999, and was bankrupt just a few months later. Chewy is on track to bring in almost $5 billion in revenue this year, has plenty of cash on the balance sheet and is tracking toward EBITDA profitability.A valuation of $13 billion-plus admittedly is concerning, particularly given that PetSmart paid one-quarter as much to acquire Chewy a little over two years ago. But as a satisfied Chewy customer, I see growth continuing and profitability arriving. If that's the case, CHWY's post-IPO sideways trading should turn into upside soon enough. Levi Strauss (LEVI)Source: Davdeka / Shutterstock.com Denim manufacturer Levi Strauss (NYSE:LEVI) returned to the public markets this year for the first time since 1985. But, at least so far, early returns have been disappointing.LEVI stock got off to a nice start, gaining 32% in its first day of trading in March. But a disappointing fiscal Q2 report undercut the stock. Friday's close of $17.08 leaves LEVI almost exactly even against its IPO price of $17.Near the lows, there's admittedly an intriguing case for LEVI stock. A forward price-to-earnings ratio of just 15.9 leaves valuation reasonable. Growth has been impressive in recent years. Denim demand seems to be holding up well, given results from the likes of American Eagle Outfitters (NYSE:AEO) and Wrangler owner Kontoor Brands (NYSE:KTB), a spinoff of V.F. Corporation (NYSE:VFC). * 7 Stocks to Buy In a Flat Market The worry, however, is that Levi's strong results heading into the IPO aren't sustainable, as a turnaround effort largely is complete. The company still has a big retail business at a time when investors want no part of retail. LEVI looks intriguing here -- but it's tough to argue that it looks compelling. CrowdStrike (CRWD)Source: Piotr Swat / Shutterstock.com Shares of cybersecurity company CrowdStrike (NASDAQ:CRWD) are heading in the wrong direction. Like so many tech IPO stocks in recent years, CRWD got off to a hot start, peaking at just shy of triple its IPO price of $34.The stock now has given back about a quarter of its value, however. Earnings and guidance both looked strong in last week's fiscal Q2 report, but the stock slid anyway.It's likely valuation is a factor. After all, this is a stock trading at roughly 40x this year's revenue guidance, even backing out cash. That's one of the highest figures in all of tech (though not, as we shall see, the highest).That said, investors have been rewarded in this market for focusing on growth over valuation. And CRWD now is back toward levels seen before its first-quarter report. In that report, too, CrowdStrike beat estimates and gave above-consensus guidance. CRWD stock jumped 15% on that release. Why sentiment has reversed isn't necessarily clear -- but if and when it turns back, CrowdStrike stock will be one of the better growth stocks out there. Zoom Video Communications (ZM)Source: Michael Vi / Shutterstock.com The story at video communications provider Zoom Video Communications (NASDAQ:ZM) sounds awfully like that of CrowdStrike.Zoom went public two months earlier, and its shares, too, initially soared. In fact, just like CrowdStrike, its stock stopped just pennies shy of tripling. CRWD since has fallen 25% from its highs; ZM stock has dropped 20%.Like CrowdStrike, strong fiscal Q2 earnings from Zoom Video last week were met by investor selling. ZM stock fell 8% on Friday, the day after its earnings release. And like CrowdStrike, the stock still looks dearly valued. ZM trades at an almost unfathomable 45x the FY20 consensus revenue estimate. * 7 Best Tech Stocks to Buy Right Now Where does Zoom go from here? It seems likely that, at least in the near term, it's going to be market factors that answer that question. As I wrote in April, ZM truly is the perfect stock for this tech market. Growth is enormously impressive, the opportunity is huge, and yet the valuation seems to incorporate all of the good news. As long as investors will keep paying up for growth, ZM stock can rebound. If and when valuation concerns arrive, however, ZM is one of the stocks most likely to crash. Luckin Coffee (LK)Source: Keitma / Shutterstock.com China's Luckin Coffee (NASDAQ:LK) has been one of the more middling IPO stocks so far this year. The IPO priced at $17, and closed its initial day of trading at $20.38. Since then, however, LK stock has gained just 1%.That said, for a Chinese consumer play, even flattish performance doesn't seem that bad. Trade war worries have led to selling pressure on a number of Chinese stocks, but LK stock has managed to hold up and keep an aggressive valuation of about 6x revenue.Even management from Starbucks (NASDAQ:SBUX), which is aggressively targeting the Chinese market, admitted at a recent conference that Luckin's growth was impressive. But Starbucks CFO Patrick Grismer also noted that Luckin's revenue growth has come from "extreme marketing and very aggressive discounts."Between valuation and what may be marketing-fueled hypergrowth, LK clearly is a high-risk play. For investors who see the selloff in Chinese stocks as overdone, however, Luckin Coffee stock could be worth that risk. Pinterest (PINS)Source: Nopparat Khokthong / Shutterstock.com Since its April IPO, Pinterest (NYSE:PINS) has performed reasonably well. The stock is up 60% from its IPO price of $19, albeit with some volatility along the way.But PINS stock has weakened of late, dropping 18% from August highs following a strong Q2 report. As with other IPO stocks, valuation concerns may be a factor. PINS still trades at about 15x 2019 revenue estimates.With year-over-year revenue growth likely near 50%, however, that valuation doesn't seem all that extreme, at least in this market. Pinterest clearly has a solid niche, though InvestorPlace's Josh Enomoto worried that its demographics might be too narrow. That proved to be a significant issue for Snap (NYSE:SNAP), which still trades below its 2017 IPO price amid concerns that its potential beyond younger customers is limited. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off With PINS heading toward levels seen before Q2 earnings, there may be a near-term trading opportunity. Longer term, the performance of PINS likely boils down to whether the company can convince investors its torrid revenue growth can continue for years to come. Slack (WORK)Source: Shutterstock Slack (NYSE:WORK), too, was a victim of a tough week for IPO stocks. WORK stock dropped as much as 16% following second-quarter results due to weak guidance. Shares recovered most of those losses -- but then fell almost 7% on Friday.To be fair, WORK isn't necessarily an IPO stock. Like Spotify (NYSE:SPOT), the company went public via a direct listing, not an actual IPO. Ignoring that distinction, however, WORK clearly has been one of 2019's worst new issues.After Friday's losses, WORK is almost back to its initial price of $26. Guidance is concerning. Competition, most notably from Microsoft (NASDAQ:MSFT), remains intense. And it's not as if the decline makes WORK cheap. The stock still trades at 25x FY2020 revenue estimates and profitability remains a long ways off.Right now, WORK looks like a falling knife. And with at least two-plus months until the next earnings report, patience is required. Beyond Meat (BYND)Source: Sundry Photography / Shutterstock.com Beyond Meat (NASDAQ:BYND) has been the best of 2019's IPO stocks. Even with a pullback from late July highs, the stock is up over 500% from its IPO price of $25.Those gains have drawn quite a bit of scrutiny. More than a few investors have called BYND a bubble. While the opportunity for plant-based "meat" seems large, Beyond Meat doesn't have that opportunity to itself. Impossible Foods, Nestle (OTCMKTS:NSRGY) and Tyson Foods (NYSE:TSN) are among those targeting the market.All that said, there is real value here -- and a real company. Growth has been explosive. Distribution continues to expand. And Beyond Meat is not a play for vegans or for health-conscious customers, but rather traditional meat eaters looking to minimize their environmental footprint or simply replace meat once or twice a week.Beyond Meat is likely to grow for years to come -- the question, at above $150, is whether it can grow fast enough to support an enormously hefty valuation.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post 10 Big IPO Stocks From 2019 to Watch appeared first on InvestorPlace.
Investors in eBay Inc. (EBAY) saw new options become available today, for the November 1st expiration..
How advancements in machine translation technology are helping consumers, gamers and small businesses
Management lowered its third-quarter growth forecast because of multiple macroeconomic pressures, but remained optimistic about the company's long-term opportunities.
Investors in Twitter Inc (TWTR) saw new options become available today, for the November 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the TWTR options chain for the new November 1st contracts and identified one put and one call contract of particular interest.
Shares of Amazon (NASDAQ:AMZN) were up roughly 6% after market close on Wednesday. But not everything has been so glamrous for AMZN stock, especially in August 2019.Source: Sundry Photography / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsAmazon shares fell substantially toward the end of July and then were up and down for the majority of August. With all of that in mind, here are three reasons why AMZN was down last month. AMZN Dealt With an Earnings MissAmazon announced its second-quarter earnings toward the end of July and in some areas, they were in line with what investors expected. The company's growth and revenue were up and Prime memberships are increasing at a steady pace.However, Amazon's earnings fell short of expectations, mostly due to the $800 million the company invested in one-day shipping for Prime members. Still, investors were expecting $5.57 per share, so with the actual earnings at $5.22 per share, the company fell short by quite a bit. Amazon Web Services also missed after several quarters of strong growth. The company's digital ad business slowed as well. Increased CompetitionAmazon, Walmart (NASDAQ:WMT) and Target (NASDAQ:TGT) are engaged in a fierce battle to see who can gain retail market share. It's hard to match Amazon's level of convenience but the other two stores are doing their best. * 10 Battered Tech Stocks to Buy Now Walmart is working hard to match Amazon's one-day shipping guarantee and both companies have improved their online delivery and in-store pickup features. Walmart and Target even offered sales to try to compete with Prime Day back in July. Some of these efforts were successful and both companies managed to steal customers from AMZN.Most recently, Walmart and Target have been capturing the majority of back-to-school sales. Turns out, most parents would rather visit a brick-and-mortar store than do their back-to-school shopping online. A Promocodes.com survey found that Walmart was the No. 1 choice for back-to-school shopping; 38% of shoppers visited Walmart, 26% went to Target and 19% used Amazon. The Company Is Struggling With Its Third-Party SellersA couple of weeks ago, the Wall Street Journal revealed that Amazon currently hosts thousands of unsafe or incorrectly labeled products on its site. Most of these are offered by third-party sellers and the items offered could be anything from children's toys to medications. This happened because AMZN supposedly regains very little control over its third-party sellers. The Journal documented more than 4,000 products that were misleading, unsafe or even banned. This is a common problem for sites hosting third-party sellers. Facebook (NASDAQ:FB) and eBay (NASDAQ:EBAY) both dealt with these same types of issues. However, Amazon did respond with a blog post outlining its compliance program for sellers. Amazon Stock Should Be Just FineDespite the company's rocky couple months, analysts are enthusiastic when it comes to AMZN stock. The 29 analysts reviewing the stock gave it a buy rating and the overall consensus is that the stock has much more room to grow. As of this writing, Jamie Johnson did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post 3 Reasons Amazon Stock Was Down in August appeared first on InvestorPlace.
Expedia (EXPE) offers $1.25 billion of senior unsecured notes. This move will help the company bring down the cost of capital, thereby strengthening the balance sheet.
Unlike Google, Apple considered the needs of gamers before launching its next-gen gaming service.
Apple is trying to disrupt another industry with the introduction of the Mastercard-enabled Apple Card. Does Visa need an answer to this new threat?
Joe Terranova said on CNBC's "Fast Money Halftime Report"he has a long position in Mastercard Inc (NYSE: MA) and he ...
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Financialnewsmedia.com News Commentary
Gainers Nano Dimension, Inc. (NASDAQ: NNDM) stock rose 15.2% to $0.34 during Thursday's pre-market session. Enphase Energy, ...
FN Media Group Presents Safehaven.com Market Commentary
Even the best software stocks can get beat up as bearish investors pounce on stock market volatility. High-revenue-growth companies specializing in software-as-a-service may outperform.
Salesforce's global education investment now totals more than $90 million
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares Core S&P US.
There has been a lot of sideways action in the company's shares since it went public last spring and that pattern could continue in the weeks ahead.
Carnival, Visit Florida, and Visit Wales are some of the travel brands that have advertised on Pinterest. But the digital scrapbooking service has barely tapped the budgets of the largest travel brands. Pinterest, which became a public company in April, is growing in popularity. About 300 million users worldwide logged on at least monthly between […]
SmarTrend identified an Uptrend for Ebay Inc (NASDAQ:EBAY) on January 9th, 2019 at $30.07. In approximately 8 months, Ebay Inc has returned 32.69% as of today's recent price of...
11 Sep, 2019
Oracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking a medical leave, and the business software maker posted first-quarter revenue that missed Wall Street expectations.
Today, Expedia Group, Inc. ("Expedia Group") announced that it has agreed to sell $1.25 billion aggregate principal amount of unsecured 3.25% senior notes due 2030 (the "Notes") in a private offering. The Notes will be issued at a price of 99.225% of the aggregate principal amount. The Notes will be guaranteed by certain subsidiaries of Expedia Group. Expedia Group expects to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to, (i) repayment, prepayment, redemption or repurchase of Expedia Group's indebtedness and (ii) working capital, capital expenditures and acquisitions. General corporate purposes may also include, without limitation, dividends, stock repurchases, investments and advances to or other investments in Expedia Group's subsidiaries. The private offering of the Notes is expected to close on September 19, 2019. The closing is subject to customary closing conditions, and there can be no assurance that the issuance and sale of the Notes will be consummated.
The ECB is widely expected to ease and set the tune for the rest of the central banks culminating in a rate cut by the FOMC next Wednesday.
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The Dow is a whacked index. There, I said it. Here's why.
The Dow Jones Industrial Average extended its win streak in the stock market today, thanks to a relief rally as China waived tariffs on 16 U.S. products.
She is one of eight people who will be recognized by the Puget Sound Business Journal at the third annual Director of the Year Gala on Sept. 12.
Alphabet Inc's Google , Facebook Inc and Twitter Inc will testify next week before a U.S. Senate panel on efforts by social media firms to remove violent content from online platforms, the panel said in a statement on Wednesday.
Speaking in an interview with Yahoo Finance, Berkshire Hathaway CEO Warren Buffett took the opportunity to delve into his thoughts on technology changing faster than people’s ability to understand it. Specifically, Buffett spoke about what problems could arise. “I think cyber poses real risks in...
Dave & Buster's Entertainment declines after reporting earnings Continue reading...
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Alphabet Inc's Google , Facebook Inc and Twitter Inc will testify next week before a U.S. Senate panel on efforts by social media firms to remove violent content from online platforms, the panel said in a statement.
Facebook and Instagram’s downloads could be declining by the double digits.
Moody's Investors Service ("Moody's") assigned a Baa3 rating to the proposed senior unsecured notes issuance of Expedia Group, Inc. ("Expedia Group"). With the proposed debt issuance, Expedia Group's adjusted debt to EBITDA will remain below 2.3x (pro forma for repayment of the 5.95% senior notes due August 2020).
In addition to its huge losses, terrible business model, and laughable corporate governance, one of the main reasons WeWork is struggling to go public is the dismal performance of other so-called super-unicorn stocks over the past couple of years.
The popular travel site crunched flight search data to come up with the top 25 destinations travelers want to visit this fall.
The U.S. stock market continues to show pockets of strength in the retail sector. The SPDR S&P Retail ETF (XRT) has risen almost 17% since its mid-August low and was up 0.6% Wednesday morning.
A tentative court ruling further reduces the scope of claims involving patent violations related to BlackBerry Messenger.
Investors considering a purchase of ServiceNow Inc (NOW) shares, but cautious about paying the going market price of $254.41/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $175 strike, which has a bid at the time of this writing of $10.60..
Upgrades Credit Suisse upgraded the stock for Alcoa Corp (NYSE: AA) from Neutral to Outperform. Alcoa earned ($0.01) in the second ...
Shares of Salesforce.Com (NYSE:CRM) opened today above their pivot of $149.56 and have already reached the first level of resistance at $151.21. Analysts will be watching for a cross...
The success of Apple (NASDAQ:AAPL) over the past decade has been largely driven by the iPhone. Sales of the smartphone propelled Apple stock to huge gains, but those sales have been sputtering lately. So investors were eagerly anticipating the September 10 Apple event, where the company was expected to take the wraps off its answer to those struggling iPhone sales. * Take Buffett's Advice: 5 Vanguard Funds to Buy The company didn't disappoint, unveiling a trio of new iPhones -- including the iPhone 11 -- along with other new hardware. Apple also announced pricing and launch dates for its new services -- which are now more critical than ever. Here's everything you need to know about yesterday's Apple event.InvestorPlace - Stock Market News, Stock Advice & Trading Tips iPhone 11 ProSource: Apple As expected, the new iPhone 11 Pro took center stage. The new flagship iPhone is priced the same as last year's iPhone XS, but has some big improvements.The iPhone 11 Pro gets a new Super Retina XDR display (a 5.8-inch OLED panel that's brighter and more energy efficient), and the powerful new A13 Bionic processor. It gains a whopping four hours of battery life compared to the iPhone XS, and comes with a faster 18W recharger in the box. But the big upgrade this year was the camera, which moves to a triple camera system, with a 12MP ultra-wide lens added to the 12MP telephone lens and 12MP wide angle lens. The cameras also get a Night mode to take on the low light performance of the Pixel smartphone from Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google. The front-facing selfie cam can now take 4K video.Apple also added a new Midnight Green color option.The iPhone 11 Pro starts at $999 for 64GB of storage, with pre-orders starting on September 13. iPhone 11 Pro MaxSource: Apple Apple continued its pattern of releasing a super-sized version of its flagship with the iPhone 11 Pro Max. The Pro Max matches the iPhone 11 Pro's specs, but with a 6.5-inch Super Retina XDR display and a five-hour gain in battery life. * 10 Stocks to Sell in Market-Cursed September The iPhone 11 Pro Max starts at $1099 for 64GB of storage, with pre-orders starting on September 13. iPhone 11: Apple Event's Big NewsSource: Apple Arguably the biggest announcement at this Apple event was the iPhone 11. The replacement to last year's iPhone XR is significantly better than the model it replaces -- and $50 cheaper. When was the last time Apple, lowered the price of a new product?The iPhone 11 has the same 6.1-inch LCD display, and comes in a range of colors (including new options green and purple). It gets the same A13 Bionic processor as the Pro models, helping it to gain an extra hour of battery life. Water resistance has improved from IP67 to IP68. But the big news is a switch to a dual camera system, with wide angle and ultra-wide angle. Basically, what was offered with last year's flagship iPhone XS, but instead of telephoto for the second camera the iPhone 11 gets the new ultra-wide option. The cameras both shoot 4K video and get the new Dark mode, with the front camera also getting an upgrade to 12MP and 4K capability.The iPhone 11 starts at $699 for 64GB of storage, with pre-orders starting on September 13.In addition to the new iPhones, Apple lowered the price of the iPhone XR to $599 while the iPhone 8 will be available from $449. Apple Watch Series 5 Source: Apple The Apple Watch has turned into a success story for AAPL, and the Apple Watch Series 5 was announced yesterday.The newest Apple Watch looks much the same as last year's Series 4, but the big new feature is an always-on Retina display. Despite never shutting off completely (it does dim when in the down position), the Apple Watch Series 5 still maintains the 18-hour battery life of last year's model. The Series 5 also gets international emergency calling. Apple introduced new case options including Titanium and Recycled Aluminum, along with Ceramic. The Series 4 has been discontinued, but to offer a low-cost alternative that can better compete against Fitbit (NASDAQ:FIT) on price, the Apple Watch Series 3 price has been lowered to $199. * 10 Healthcare Stocks to Buy Despite the Headlines Apple Watch Series 5 starts at $399 ($499 for cellular) and is available now for pre-order. New iPad 10.2-inchSource: Apple Apple is trying to keep its recent iPad sales momentum going and introduced a new entry level iPad to replace the 9.7-inch iPad released last spring.This seventh generation iPad keeps the same price at $329 ($299 for education customers), but the Retina display is boosted from 9.7-inches to 10.2-inches. It still uses a Lightning port -- unlike the iPad Pro that switched to USB-C -- but gains a Smart Connector that makes it compatible with Apple's full-sized Smart Keyboard. It also supports the first generation Apple Pencil.The new iPad is available for pre-order now, starting at $329 for 32GB of storage. Apple TV+Source: Apple Apple announced its Apple TV+ streaming video service launches on November 1, and surprised with the news that a family subscription will be priced at $4.99 per month, with a free 7-day trial. That undercuts rival streaming services like Disney's (NYSE:DIS) $6.99 Disney+, although Apple TV+ will have considerably less content at launch. * 7 Best Stocks That Crushed It This Earnings Season Sweetening the deal -- and leveraging its Apple ecosystem advantage to boost adoption -- the company will be offering one year of free AppleTV+ to anyone who buys a new iPhone, iPad or Apple TV. Apple ArcadeSource: Apple AAPL also confirmed the details on its Apple Arcade gaming subscription at yesterday's Apple event. After spending $500 million to bring 100 exclusive titles to the service, Apple Arcade will be priced at $4.99 per month. That's about half of what we were expecting Apple to charge.Apple Arcade games are playable on the iPhone, iPad, iPod Touch, Mac and Apple TV, with support for third party controllers. Apple Arcade will be available on the App Store, starting September 19. iOS 13 and Other OS UpdatesSource: Apple Along with the new hardware and services, the Apple event also saw demonstrations of the new operating systems coming to Apple devices.The most important of these is iOS13 -- which powers the iPhone -- and it has a number of features that should keep those iPhone users happy. Apple Maps is getting a big refresh including real-time public transit estimates and a street view. Siri gets a new, more natural sounding voice. And with iOS13, iPhone owners also get an optional Dark mode. * Take Buffett's Advice: 5 Vanguard Funds to Buy Look for iOS 13, tvOS 13 and watchOS 6 on September 19, with iPadOS 13 on September 30 and macOS Catalina in October. What Does This Apple Event Mean for Apple Stock?Investors and analysts were watching yesterday's Apple event carefully. Even with a year of sliding sales, the iPhone accounted for 48% of APPL revenue in the last quarter. So the next generation of Apple's smartphone is critical. The iPhone 11 Pro series seems well positioned to appeal to premium smartphone buyers, despite lacking 5G support. And the iPhone 11 -- with dual cameras and a price cut compared to last year's iPhone XR -- could be a big seller. In fact, the move to offering lower-prices across much of its hardware line was a big move for Apple. Consumers can pick up previous generation models of the iPhone and Apple Watch for much lower prices than previously, making AAPL more competitive. The same holds true for Apple Arcade and Apple TV+ with both services undercutting competing subscription services.Apple stock got a 1.18% bump after the Apple event, so investors were happy with what they saw, at least at first glance. Now it's up to the company to get people into Apple Stores and buying…As of this writing, Brad Moon did not hold a position in any of the aforementioned securities.The post 8 Announcements From the Apple Event -- Including the New iPhone 11 appeared first on InvestorPlace.
Program Offers Unified Monitoring for UCS and All Cloud and On-Premises Infrastructure
Shopify(NYSE: SHOP), which offers commerce platforms for both traditional and e-commerce retailers, will acquire 6 River Systems ...
Some of the patents — like a system to recommend home furnishings based on an image of a room — seem intuitive for the company as it operates today. But others, like a device to process audio in real time, appear to depart from the company’s current business.
Today, Expedia Group, Inc. ("Expedia Group") announced that it is commencing a private offering of senior unsecured notes (the "Notes"), subject to market and other conditions. If the offering is consummated, Expedia Group expects to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to, (i) repayment, prepayment, redemption or repurchase of Expedia Group's indebtedness and (ii) working capital, capital expenditures and acquisitions.  General corporate purposes may also include, without limitation, dividends, stock repurchases, investments and advances to or other investments in Expedia Group's subsidiaries. There can be no assurance that the issuance and sale of the Notes will be consummated.
This cloud services company has lost its spark over the past year.
[Editor's note: "9 Stocks That Every 20-Year-Old Should Buy" was previously published in July 2019. It has since been updated to include the most relevant information available.]Investing in your 20s is not only smart, it's exciting. The best part about creating a long-term portfolio, whether while going back to school or taking time off, is having the time to invest in undervalued companies.When looking at stocks to buy in your 20s, it's all about opportunity cost, which is spent in spades throughout your late-teens and as an aimless 20-something. Long-term investors have the benefit of time, allowing them to ride out turbulence others can't.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYour 20s are a time of future-gazing, and as an investor, you should choose adaptable companies capitalizing on current trends. Just remember, no matter how solid the investment, it will go through periods of ups and downs.Centering your portfolio around risky stocks, however, isn't a brick-by-brick blueprint toward retirement wealth -- you should also consider faithful, dividend-paying stocks. Just like knowledge, wealth grows slowly and steadily. * 7 Stocks to Buy In a Flat Market While analysts claim there are some stocks you can hold "forever," it's important to keep up with what's in your portfolio and make changes according to how each company develops.If you're a 20-something looking to capitalize on long-term growth and dividends, then the following 10 stocks to buy are worth a look. TripAdvisor (TRIP)Source: Shutterstock Shares of travel review site TripAdvisor (NASDAQ:TRIP) took a beating in 2017 and 2018 mostly on investor concerns about new entrants like Airbnb and new search tools from powerhouses like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) disrupting the space.However, TRIP stock has since made a significant comeback.Part of this comeback is the fact that TripAdvisor has something no other site in the online travel industry does: extensive data. Knowledge is power and TRIP definitely has that going for itself. The company is home to one of the largest online collections of traveler reviews, boasting over 500 million reviews encompassing seven million hospitality businesses.What's that mean exactly? For starters, access to mounds of data means TripAdvisor can better optimize the experience it offers its 415 million monthly users. That means pricing optimization, special offers tailored individually and stronger insights than competitors into their customers' needs.And that's only just scratched the surface of what it can do with such a robust database. Global tourism generated $7.6 trillion in 2014, and so long as it continues to grow, TRIP will continue beefing up its user database.For comparison's sake, Expedia (NASDAQ:EXPE) only brings in 84.5 million monthly users, while Priceline (NASDAQ:PCLN) has a fraction at 16 million.Having access to such robust data informs TripAdvisor's strategy, as the company recently reined in its InstantBooking feature in favor of giving users the superior experience of price comparisons that direct bookings to partner sites.According to Forbes, 70% of millennials say they're working just to pay for vacations and travel. Gen Z is becoming increasingly obsessed with travel from a social perspective. They want to go places and share their experience with others. TripAdvisor not only operates in the travel space, but its primary function is helping people find experiences others have enjoyed.Further, TRIP is expanding the functionality of its mobile site and app, both of which should help the firm gain traction with millennials. With the firm about to turn a corner, now would be a great time to add the stock to your long-term portfolio. Chevron (CVX)Source: Shutterstock While your 20s are definitely a time to make risky bets on growth stocks, it's important to round out your portfolio with stocks to build wealth slowly and steadily. That's why dividend stocks are attractive, particularly if they're consistent and sustainable. To that end, we have Chevron (NYSE:CVX), which is a dividend aristocrat.That doesn't mean it's walking around in fancy robes with its nose up, it means Chevron has increased its dividend annually without interruption for the past 25 years.Dividend aristocrats typically do whatever they can to maintain their status and that's certainly true in Chevron's case.Chevron currently yields just shy of 4%, which management continued to pay out even when crude prices were scraping the bottom of the barrel. With the firm on the rebound, investors will benefit from Chevron's cost-cutting measures and increased efficiency.Meanwhile, management is focused on improving profitability, even during the down cycle, which should be a boon for CVX stock as crude prices increase.Another thing to like about CVX is that it has a relatively small debt load with a quarterly debt-equity ratio of just 24%. Compare that to BP (NYSE:BP), for example, which has a debt ratio of 63%, and you can see that CVX is on the low end of debt accumulation in the oil sector.Chevron is a tightly run ship, giving the firm the ability to thrive in difficult times. That's good for long-term investors who might see oil cycle through another down period in the years to come. * 7 Deeply Discounted Energy Stocks to Buy Looking toward future growth, CVX is expecting to see its production rise to nearly three million barrels per day over the next 10 years. That figure takes into account Chevron's anticipated shale and capital projects as well as the firm's cost-cutting measures, which significantly reduced the firm's exploration potential.The firm's $200 billion market cap makes it one of the largest companies in the U.S. and a solid pick in the oil and gas sector. CVX offers stability and income growth, both of which will be useful to investors in their 20s. Facebook (FB)Source: Ink Drop / Shutterstock.com Investing in Facebook (NASDAQ:FB) now doesn't sound like an entirely new idea, but Zuckerberg & Co.'s days as merely a social media site are ending. I'm expecting to see the firm morph into an even larger tech powerhouse in the decades to come.Facebook has size and scale on its side, which is a huge advantage in the tech space. The company owns the two most popular messaging services in the world, Messenger and WhatsApp, and has yet to do anything about monetizing them.Simply allowing businesses to communicate directly with customers through these platforms would be a big moneymaker for FB advertising wise, but most expect that Facebook has bigger plans to harness the potential Messenger and WhatsApp hold.FB has also developed payment platforms, which would allow businesses to charge for services they offer via Facebook.Not only would that make Facebook's advertising business all the more profitable, because advertisements could more easily be converted into sales, but it would open up a new revenue stream for FB if the firm collects a fee for processing. Baidu (BIDU)Source: StreetVJ / Shutterstock.com Remember what I said about having time to absorb the ups and downs? Well, Baidu (NASDAQ:BIDU) is one of those stocks that you may have to absorb some downs with. The Chinese tech company has been compared to Google because the firm's search engine dominance resembles Google's early days.There is a huge amount of growth potential ahead for Chinese tech firms, especially a search engine like BIDU. Just over half of China's population has access to the internet, so the market is relatively new when you compare it to that of the U.S. Since the trade war can't last forever if time is your ally you have to at least consider BIDU stock.Not only that, but Baidu has been working to expand its autonomous driving technology in the race to create self-driving cars. The firm has already made its driverless car technology available for automakers to use and test in a bid to become somewhat of an autonomous car "operating system." * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off It's also likely that Chinese companies will get their cars on the road sooner because fewer people own cars in China. That makes for a higher adoption rate, as 75% of Chinese respondents indicated they would ride in a self-driving taxi, while only 52% of Americans would.What's more, China has a bigger auto industry and its government is hungry for large-scale projects. And while it seems counterintuitive considering China's complex system of roads, the real advantage is with navigation.The difficult conditions necessary to debut an autonomous vehicle in China means it will have a far easier time "porting" the system to the United States than the other way around. That means, for Baidu, international expansion will likely be much faster and less costly. Starbucks (SBUX)Source: monticello / Shutterstock.com Starbucks (NASDAQ:SBUX) is one of my favorite long-term buys because the company has proven itself to be an adaptable staple in markets all over the world. The company has weathered shifting consumer preferences toward independent, non-chain restaurants by incorporating local goods in their restaurants and revamping store appearances to reflect local cities.SBUX has also capitalized on the craft beer trend by creating its own Reserve Roastery where coffee lovers can sample different types of coffee and learn about the process. But all of that pales in comparison to SBUX's dominance in mobile.The Starbucks app is a textbook lesson in how to use mobile to enhance your business. Customers are able to upload money to the app and order and pay for their coffee in advance to avoid waiting in line; 30% of the firm's transactions take place on the app, a figure likely to grow even more as SBUX continues to invest in its mobile technology.Starbucks maintained an image millennials are comfortable with as the rest of the fast food industry struggled and the firm's focus on mobile has made it convenient to frequent. Netflix (NFLX)Source: Flickr via Mike K.Cutting the cable cord is gaining popularity in large part due to the growing popularity of streaming services like Netflix (NASDAQ:NFLX). The firm has already seen exponential growth over the past 10 years, causing some to wonder whether we're at the beginning of the end of NFLX stock's dominance.However, with a market cap under $1 billion, NFLX still has room to grow. If NFLX gains roughly 10% per year for the next 15, the firm would have a market cap of less than $150 billion, which isn't unreasonable when you consider Netflix still has a lot of room to run in foreign markets.Netflix is only just beginning to ramp up in countries around the world and the firm hasn't been able to turn out the kind of profit investors are looking for because it has to pay for content licensing and new content creation. * 7 Best Tech Stocks to Buy Right Now With that in mind, streaming is still a relatively new concept and as it becomes more common, NFLX will be establishing itself as a market leader around the globe. Waste Management (WM)Source: rblfmr / Shutterstock.com While admittedly not as shiny and new as stocks like NFLX, Waste Management (NYSE:WM) is a great stock to buy and hang on to because it operates in an industry almost certain to keep growing.Waste Management owns and operates landfills and collection trucks and negotiates contracts with local governments to collect and dispose of rubbish in the area. What's good about WM is the company's ownership of local refuse sites means the company doesn't suffer from a lot of customer turn-over.Not only that, we appear to be a long way off from changing the way we dispose of and recycle our garbage. Consumers are going to keep on consuming and producing waste companies like WM will deal with.Unlike tech firms, WM is unlikely to suffer from a major industry disruptor anytime soon, so it makes for a good stock to hold on to. Not to mention that WM offers a 1.74% dividend yield, so keeping it in the long-term is a great way to build wealth. General Motors (GM)Source: Linda Parton / Shutterstock.com U.S. automaker General Motors (NYSE:GM) is another good bet for a long-term investor because the company has a stake in all of the industry-changing trends on the horizon. GM bought up 9% of Lyft last year in an effort to get in on ride-sharing, a trend threatening to change the way people buy and use their cars.GM has also been a major player in the electric vehicle space, specifically designing mass-appeal cars like its Chevy Bolt. The car is eligible for a tax credit that brings its price down to the $30,000 level, making it accessible to a wider audience than most electric cars cater to.GM has also been working to develop driverless cars, and the firm's acquisition of Cruise Automation last year is proof it is a top priority. * 7 Tech Industry Dividend Stocks for Growth and Income GM has plans to create an autonomous electric car, a testament to management's belief that electric cars are the future of the auto industry. According to now-President Mark Reuss, creating a gas-powered autonomous vehicle is a wasted step. He believes that electric cars will soon dominate the roads, so autonomous driving software should be designed with that in mind.Reuss said that GM may be slower to develop autonomous driving software, but that's only because the firm is hoping to create technology that is designed for use in electric vehicles. International Business Machines (IBM)Source: JHVEPhoto / Shutterstock.com When you're in your 20s and looking for hot tech stocks to buy, International Business Machines Corp. (NYSE:IBM) doesn't exactly spring to mind, but the firm's tumultuous few years as a washed-up hardware firm have made IBM stock a bargain.IBM is doing some big things in the machine learning space and its Watson supercomputer has the potential to disrupt a wide variety of industries, from cybersecurity to health analytics. While IBM has yet to break out figures for Watson, its potential to slash healthcare costs and improve personalized medicine makes IBM a potential powerhouse.Watson may eventually be able to use massive databases of patient information to make connections between symptoms and diseases that medical professionals would have overlooked. This could revolutionize the way healthcare professionals diagnose, as well as save the healthcare industry loads of money by correctly identifying treatable conditions early on.But Watson isn't the only reason to scoop up IBM stock. The company has been successful so far in orchestrating its turnaround, and the company appears to be returning to growth as well as to have rounded a corner away from hardware and on to cloud computing and analytics.Those two segments make up more than half of IBM's revenue at this point, a good sign that the firm is on track to shift away from its legacy hardware business. The fact that its quickly growing strategic imperatives arm is becoming a much more substantial part of the firm's business is a good sign for future growth.Not only will shareholders reap the rewards of an IBM turnaround over the next decade, but the firm also pays out a 5.2% dividend yield, a sweet reward for riding out the turbulence. IBM generates an impressive amount of free cash flow and its 47% payout ratio means that dividend is stable and likely to increase in the years to come.At the time of this writing, Laura Hoy was long SBUX, FB and NFLX stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 7 Heavily Discounted Stocks to Buy Today * My 7 Worst Stock Picks of 2018 The post 9 Stocks That Every 20-Year-Old Should Buy appeared first on InvestorPlace.
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FinancialContent
Social media is a poor way to communicate anything of substance. It has created discord, not cohesion.
(Bloomberg) -- A team of Federal Trade Commission investigators has begun interviewing small businesses that sell products on Amazon.com Inc. to determine whether the e-commerce giant is using its market power to hurt competition.Several attorneys and at least one economist have been conducting interviews that typically last about 90 minutes and cover a range of topics, according to three merchants. All were asked what percentage of revenue their businesses derive from Amazon versus other online marketplaces like Walmart Inc. and EBay Inc., suggesting regulators are skeptical about Amazon’s claims that shoppers and suppliers have real alternatives to the Seattle-based company. One merchant, Jaivin Karnani, said he was surprised the FTC returned his call the very next day. The interviews indicate the agency is in the early stages of a sweeping probe to learn how Amazon works, spot practices that break the law and identify markets dominated by the company. The length of the interviews and the manpower devoted to examining Amazon point to a serious inquiry rather than investigators merely responding to complaints and going through the motions, antitrust experts say.Amazon shares fell less than 1% to $1,812 at 9:36 a.m. in New York.“Early in an investigation, that’s a sign of staff doing a serious job,” said Michael Kades, who spent 20 years at the FTC. “They’re spending lots of time with witnesses and trying to really understand what they’re saying.”Amazon hasn’t disclosed an investigation by the FTC, and the agency rarely confirms scrutiny of individual companies. But Chairman Joe Simons told Bloomberg in August that he welcomed hearing from third-party merchants, who now sell more than half of products on Amazon. Such private conversations are likely to yield far more insights into Amazon’s business than the public grilling of tech executives by Congressional committees.Amazon declined to comment and pointed to a statement Consumer Business chief Jeff Wilke made in June when asked about reports that the FTC was looking into Amazon. ”We believe that most substantial entities in the economy deserve scrutiny,” he said. “Our job is to build the kind of company that passes that scrutiny with flying colors.” The FTC declined to comment. The probe is part of a broader examination of the control companies like Amazon, Google and Facebook have over the U.S. economy. The FTC is also investigating Facebook while the Justice Department is probing Google. Separately, 50 state attorneys general have announced an antitrust probe of Google. The House Judiciary Committee is also probing big technology companies. One area of interest is whether Amazon has an unfair advantage over third party merchants when it competes with them to sell similar products on its own platform.A key early task for the FTC is defining Amazon’s competitive universe. The company has long argued that it should be considered a retailer that competes against rivals online and offline, a designation that Amazon says gives it a meager 4% share of the U.S. retail market. If Amazon’s market is narrowly defined as online shopping, its share rises to almost 40%—giving it significant leverage. Narrowing the market by product category, such as electronic books, gives Amazon even more dominance.The FTC is also seeking to determine the extent of Amazon’s power over its suppliers. All three merchants fielded questions on how much of their revenue comes from Amazon compared with other online platforms. Many sellers get 90% or more of their sales from Amazon, making them vulnerable to the company’s demands and abrupt, unexplained changes in its policy.FTC investigators examining Amazon likely want to move quickly to make sure states or other agencies don’t get ahead of them, said Jennifer Rie, an analyst at Bloomberg Intelligence who specializes in antitrust litigation. The investigators start by learning the inner workings of the company before narrowing their inquiry.“They’re trying to learn as much as they can about the industry from people who aren’t the target of their investigation,” Rie said. “They’re in a background phase.”The FTC’s interest in Amazon is spreading to sellers via word-of-mouth. Some merchants fear incurring Amazon’s wrath by cooperating with the agency. One who spoke with an FTC attorney said he was assured the conversation would be confidential unless it led to an official complaint against Amazon or the transcript was subpoenaed by Congress.“These conversations are going to keep happening,” said Chris McCabe, a former Amazon employee who now runs a business helping Amazon merchants. “I’ve had several people ask me how to go to the FTC. I give them an email, and the FTC is taking their calls.”Desperation prompted merchant Karnani to contact the agency to report his difficulties selling video games and electronics on the site. Karnani told investigators he lost 10% of his sales after Apple and Amazon reached an agreement last year to limit who could sell Apple products on the site. The change followed years of concern about counterfeit iPhone accessories. He also described account suspensions in recent months during which Amazon hung on to his inventory and money.“I told them if Amazon suspends you, it’s like a death knell,” said Karnani, who has been selling on the site for two years. “I told them when Amazon shuts you off, they sit on your money for 90 days and there’s nothing you can do. They were surprised about that.”Merchants can appeal suspensions. But even if they prevail, it’s a guilty-until-proven-innocent process that can cut off their sales for weeks without warning, potentially putting them out of business. Amazon in August instituted a new 30-day-notice policy regarding suspensions to appease regulators in Germany, who maintained the process was unfair because it wasn’t transparent. In an emailed statement, an Amazon spokesperson said: “We have an appeals process where sellers can explain how they will prevent the violation from happening in the future or let us know if they believe they were compliant.”Molson Hart, who sells toys on Amazon through his company Viahart, said he spoke with the FTC for 90 minutes about an article he posted on Medium detailing how 98% of his sales come from Amazon and that other platforms like EBay and Walmart account for less than 2% of revenue. He declined to discuss specifics of his conversation with FTC investigators but said the conversation focused on his Medium article. It argued that Amazon, which faces little competition online, has been raising fees and selling advertising—forcing merchants to raise prices.Another Amazon merchant, who spoke on condition of anonymity, said he spent about 90 minutes on the phone with an FTC investigator in July and has since provided the agency with documents and data.He described helping triple sales of a health and beauty brand by spending hundreds of thousands of dollars to advertise on the site. Amazon noticed, placed its own wholesale orders with the brand and sold the product directly, cutting him out and sticking him with hundreds of thousands of dollars in unsold inventory. Another time, he told investigators, Amazon discovered one of his products being sold for less at Walmart.com and then made the item less visible to shoppers until the Walmart price went back up.If merchants are so reliant on Amazon for sales that they are unwilling to offer better prices on other platforms like Walmart and EBay, that can hurt competition, said Diana Moss, president of the American Antitrust Institute, a nonprofit that advocates for aggressive antitrust enforcement.  “That really is the central question in an inquiry like this, and that's why Amazon downplays its market power.”To contact the authors of this story: Spencer Soper in Seattle at ssoper@bloomberg.netBen Brody in Washington at btenerellabr@bloomberg.netTo contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net, Emily BiusoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Leading jeweller in Europe deploys Salesforce Commerce Cloud, in partnership with Tryzens, to access new ecommerce functionality, drive market differentiation and transform customer experiences
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FinancialContent
A look at a few of the maverick risks among our holdings which appear especially attractive to us at current prices.
10 Sep, 2019
(Bloomberg) -- Apple Inc.’s biggest surprise at its keynote address on Tuesday was not a new feature, device, or service, but an aggressive pricing strategy that’s a departure for the premium electronics maker.The iPhone 11 starts at $699, down from the iPhone XR’s $749 price last year. The XR stays in the lineup for $599, a $150 decrease for a phone that’s only a year old. That’s one of the biggest year-over-year reductions in iPhone history.“The biggest news from the Apple launch was the price cut for iPhone 11,” Chris Caso, an analyst at Raymond James & Associates, wrote in a note to investors. “We view this as an admission that Apple stretched too far with the price points at last year’s launch.”The iPhone 8 from 2017 now costs $449, also down $150, while the Apple Watch Series 3 from the same year saw its price drop to $199 from $279. That should help Apple better compete with Fitbit Inc.Apple became one of the world’s most valuable companies by designing innovative consumer hardware and charging a lot for the gadgets. However, it has struggled to maintain once-frenzied demand for the iPhone. Most Western and Chinese consumers already own a smartphone and are reluctant to upgrade due to a lack of breakthrough features and cheaper alternatives. Researcher IDC expects industry shipments to slip 2.2% in 2019, the third year of declines. It sees iPhone shipments down 15% this year.Lowering prices may encourage more people to upgrade iPhones sooner, while luring new users for a growing digital subscriptions business. Apple shares rose 1.2% to $216.70 in New York on Tuesday, the highest close since early November.“Many of the users who purchase lower priced devices will eventually become customers of Apple services,” said Jitesh Ubrani, a research manager at IDC. “They’ve shown they can do this in the past with hardware: If you bought an iPhone you were likely to buy an iPad or AirPods.”It will likely be harder for Apple to make this type of connection between its devices and new services. That’s partly because there are so many existing digital service providers and their offerings already work well on iPhones and other Apple devices, Ubrani said.Apple is tackling this challenge with aggressive pricing, too. The Apple Arcade gaming service is $4.99 a month, roughly half the cost of Apple Music and Apple News+.The $4.99 monthly cost of Apple’s upcoming TV+ video streaming service surprised many analysts and undercuts Netflix Inc., Amazon.com Inc.’s Prime Video, and the Disney+ offering. And when people buy an iPhone and iPad, a Mac or an Apple TV, they get a free year of TV+, Chief Executive Officer Tim Cook said.Dan Ives, an analyst at Wedbush Securities, called the TV+ price a “show stopper” and said the move should help Apple gain more subscribers.“With an installed base of 900 million active iPhones worldwide we believe Cook & Co. have an opportunity to gain 100 million consumers on the streaming front in the next 3-4 years,” Ives wrote in a note to investors.\--With assistance from Ian King.To contact the reporter on this story: Mark Gurman in San Francisco at mgurman1@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
It's been a bit puzzling pair of sessions in stocks today. Yet this is clear: Small caps are leading the advance. Growth leaders are issuing sell signals.
In the latest trading session, ServiceNow (NOW) closed at $253.18, marking a -0.59% move from the previous day.
Apple Inc. tried to make cameras the focus of its iPhone launch event on Tuesday, but the company’s most striking announcements concerned the prices of its phones and streaming offerings.
International luxury brand, John Varvatos, delivers an immersive, personalized retail experience with Salesforce
Major stock indexes sold off early, tried to rally, but lost steam late as volume rose on today's stock market. Retail stocks were a bright spot.
Apple unveils new Apple Watch Series 5 with always-on display.
(Bloomberg) -- Apple Inc. showed off updated Apple Watch models that come in new ceramic and titanium cases and a new always-on screen.The devices were announced by Apple Watch marketing head Stan Ng during an event at Apple’s Cupertino, California headquarters. The Watch changes are more muted than last year, when Apple added redesigned cases, larger screens, faster processors, and an EKG sensor with the Series 4 line.The new models, called the Series 5, will start at $399, in line with the entry price of the previous model. The always-on screen includes new underlying technology for lower power consumption. The Watch has the same 18 hour battery life, Apple said. The new Watch also will add a compass sensor for improved directions in maps and a new compass app. Cellular models will also have built-in global emergency service calling.Apple dropped the price of its Series 3 from 2017 to $199. That may increase competition with Fitbit Inc., which sells cheaper smartwatches and other health-tracking devices.Apple also announced new studies on the Apple Watch for hearing health, women’s cycle tracking, and the connection between heart health and movement. It also announced a new health study research app, coming to the U.S. later this year.To contact the reporter on this story: Mark Gurman in San Francisco at mgurman1@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Alistair Barr, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Top tickers for midday: BAC, AAPL, MSFT, ROKU, GE, SNAP, T, AMD, F, TSLA, QCOM, AMZN, ORCL, JPM, V, FB, NFLX, NVDA, C, BABA.
SmarTrend identified a Downtrend for Tripadvisor Inc (NASDAQ:TRIP) on February 26th, 2019 at $52.92. In approximately 7 months, Tripadvisor Inc has returned 23.96% as of today's recent price of...
A 29-year-old female Iranian soccer fan, dubbed “Blue Girl,” died after setting herself on fire outside a courtroom. She was facing six months in prison for attempting to enter Tehran’s Azadi stadium and watch her favorite team.
Nineteen chief executive officers of S&P 500 companies so far have given their own money to 2020 Democratic White House hopefuls.
Shares have fallen more than 17% since mid-August’s Argentinian primary election results and that decline represents a good entry point for investors, BTIG’s Marvin Fong said in a note to clients late Monday upgrading the stock of the Latin American e-commerce giant to Buy from Neutral.
The "risk-off" trade is in full swing.
High-multiple cloud software stocks have entered intermediate corrections that could shake out the large supply of weak hands.
Coca-Cola's fruit-flavored soda Fanta is "reinventing itself" for today's teenagers with an marketing campaign focused on technology and personality. The result includes a DJ cat in a convenience store and an 8-bit videogame-ified pizza parlor.
Clubhouse — the software project management platform focused on team collaboration, workflow transparency and ease of integration — is taking another big step toward its goal of democratizing efficient software development. Traditionally, legacy project management programs in software development can often appear like an engineer feeding frenzy around a clunky stack of to-dos. Engineers have limited clarity into the work being done by other members of their team or into project tasks that fall outside of their own silo.
Expedia Inc (NASDAQ:EXPE) crossed under its 10-day moving average of $129.85 on a volume of 280K shares. This may provide swing traders with an opportunity for a short position,...
Shares of Ebay Inc (NASDAQ:EBAY) opened today below their pivot of $40.94 and have already reached the first level of support at $40.47. Should the shares continue to fall,...
Shopify's (SHOP) acquisition of 6 River Systems is expected to boost its competitive position in the fulfillment network space dominated by Amazon.
Stocks are pointing to flat opening on September 10, and at least for now continue to be a range of consolidation.
Shares of Cisco Systems (NASDAQ:CSCO) have bearishly opened below the pivot of $48.68 today and have reached the first support level of $48.36. Investors may be interested in a...
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FinancialContent
A social media comeback kid, one of the hottest media stocks over the past decade, and a high-yielding telco make the cut in this quest for the best stocks trading in the teens or lower.
The correction/profit-taking was bound to happen, but trying to pick the exact day or the exact price point of tops is virtually impossible. Similar to Stitch Fix , I believe the selloff in Pinterest is overdone. Pinterest delivered better than expected revenue and earnings per share back on August 1.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares Russell 1000 Growth ETF (IWF), we found that the implied analyst target price for the ETF based upon its underlying holdings is $177.10 per unit.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard Large-Cap ETF (VV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $150.38 per unit.
FN Media Group Presents Safehaven.com Market Commentary
Gainers Francesca's Holdings Corporation (NASDAQ: FRAN) rose 36.2% to $7.03 in pre-market trading after the company reported ...
What happens when a disrupter goes broke? We may be about to find out. Uber (NASDAQ:UBER), which redefined the global taxi business as a private company, has lost nearly one-third its value since going public. Uber stock is not coming back soon.Source: Shutterstock Uber lost $5.24 billion, $4.71 per share, on revenue of $3.17 billion for the quarter that ended in June. Analysts expect the ride-sharing technology company to lose another 83 cents per share, over $920 million, for the September quarter, on revenue of $3.74 billion.The balance sheet in June showed Uber with cash of $11.88 billion. In theory that's enough to survive for almost three years, if the cash burn can be held down to expected levels.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut can it? Investors are starting to bet it can't. A Closer Look at Uber StockOf roughly seven million shares per day currently traded in Uber 33%, are being sold short. By way of comparison, the comparable figure for Tesla (NASDAQ:TSLA), long one of the most popular shorts on the market, is 12%. * 7 Deeply Discounted Energy Stocks to Buy Short interest can hold a stock's price up because shorts are borrowing the shares they've sold and must at some point buy them back. Almost any sign of good news, even the absence of bad news, can trigger a "short squeeze." The stock price rises and the loans used to sell shares get called in.An upside surprise next month could cause a dramatic jump in Uber's stock price. But if you're betting on that the odds don't look good right now. Driver Liabilities and Uber StockUber profit depends on either paying drivers less or getting more from riders and neither seems likely. Uber faces competition with Lyft (NASDAQ:LYFT) against any price rise. Customers have learned to organize and arbitrage the services against one another. The California legislature, meanwhile, is fighting to raise Uber's driving costs. AB5 would reclassify drivers in that state from contractors to employees. It could be signed as early as this week.Uber wants to be exempt. It promises an initiative campaign against the law if it's not. But an initiative can't happen until next year. Drivers are still classed as contractors under federal labor law but are working in other large markets, like New York and Chicago, for better conditions.Labor peace isn't around the corner. Old-World Problems and Uber StockUber is fighting its problems in a 19th century way.It already has a program to help drivers get cars, and is now interested in offering them payday loans, as Walmart (NYSE:WMT) already does. Existing payday lenders already target drivers, especially when their cars need repair.The difference is that Walmart is loaning money to employees. Uber's loans would be going to contractors. Critics say this could make Uber drivers into indentured servants, digital sharecroppers forced to keep working to get out of debt with interest they can't pay back.On top of this comes a book from New York Times reporter Mike Isaac charging that Uber's corporate culture doomed it to failure.Super Pumped claims Uber's "safe rides fee" delivered nothing but cash into the company's pocket. Isaac says Uber routinely puts female drivers in danger and covers up sexual abuse by executives. The Bottom Line on Uber StockCEO Dara Khosrowshahi, who joined from Expedia (NASDAQ:EXPE) two years ago, has been unable to lift Uber's reputation so far.Uber's problems may help investors obtain better pricing on coming IPOs like WeWork and Peloton. Funds that specialize in newly-public companies have big winners like Spotify (NASDAQ:SPOT), Roku (NASDAQ:ROKU) and Beyond Meat (NASDAQ:BYND) to cover up Uber's pain. They seem resigned to a loss on Uber.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post Uber Stock Is Barreling Toward Worthlessness Without a Turnaround Plan appeared first on InvestorPlace.
You may think detailing an old heap like yours is a waste of time and money. It’s not.
(Bloomberg) -- Jack Ma is giving up the reins of Alibaba Group Holding Ltd. after presiding over one of the most spectacular creations of wealth the world has ever seen.The former English teacher steps down as executive chairman of China’s largest company on his 55th birthday after amassing a $41.8 billion fortune -- a trove surpassed only by India’s Mukesh Ambani in Asia, according to the Bloomberg Billionaires Index. His record-breaking rise from a bootstrapped entrepreneur working out of his apartment in 1999 to jet-setting e-commerce mogul is one for the history books, mirroring China’s own evolution from technological backwater to world’s No. 2 economy.Over two decades, Ma and his co-founders built a business-to-business marketplace into a $460 billion titan that bested EBay Inc. and Amazon.com Inc., operates one of the world’s largest cloud computing businesses, and runs a logistics network that delivers millions of parcels every day. Now the country’s most recognizable businessman, he hands the helm on Tuesday to finance maven Daniel Zhang -- a momentous transition for Asia’s largest corporation.Read more: New Alibaba Chief Explains Why He Wants to Kill His Own BusinessMa became Asia’s richest person in 2016, overtaking Dalian Wanda Group Chairman Wang Jianlin. The title now belongs to Reliance Industries Ltd. Chairman Ambani, who’s worth $47.4 billion, according to a Bloomberg ranking of the world’s 500 wealthiest individuals.The Alibaba co-founder has become the face of Chinese business even while a member of the ruling Communist Party. Ma, who recalled in a 2015 interview how KFC once rejected his job application, currently owns a 5.3% Alibaba stake worth $24.6 billion, or about 10-fold the $2.6 billion his 7.4% slice in 2012 was worth. Since taking over as executive chairman in 2013, Alibaba’s revenue has surged about 1,100% to 378.8 billion yuan ($56.2 billion) in the year ended March 2019. His fortune doesn’t count shares in the company held by his foundation, or the value of stock he’s sold over time.Ma isn’t the only person to derive fabulous wealth from the Alibaba empire. The company’s trajectory at one point spawned at least 10 other billionaires across its ecosystem, from a parcel delivery company and supermarket to an online payments affiliate. Despite stepping down, Ma is expected to remain pivotal to a sprawling industrial machine with e-commerce at its heart.“At this point, it’s still unlikely that Zhang would make important decisions without Ma’s support,” said Brock Silvers, managing director at Shanghai-based Kaiyuan Capital, an investment advisory firm.Read more: Alibaba’s rise creates 10 billionaires not named Jack Ma\--With assistance from Pei Yi Mak.To contact the reporter on this story: Venus Feng in Hong Kong at vfeng7@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, ;Peter Elstrom at pelstrom@bloomberg.net, Peter Eichenbaum, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
German business software company SAP SE has an edge over its U.S. rivals because it faces potentially fewer restrictions on doing business with China, Chief Executive Bill McDermott said in an interview.
Shopify Inc said on Monday it would buy warehouse technology provider 6 River Systems Inc for about $450 million, as it looks to accelerate growth of its fulfillment network.
09 Sep, 2019
Shopify Inc said on Monday it would buy warehouse technology provider 6 River Systems Inc for about $450 million, as it looks to accelerate growth of its fulfillment network.
TIGER 21 is a $71 billion investment club for the super-wealthy that helps members manage their assets. Michael Sonnenfeldt, chairman of TIGER 21, joined The Final Round to discuss the current sentiment and investing trends of TIGER 21 members.
Events to be audiocast live on Salesforce's investor relations website
WeWork needs to rethink its valuation, according to EquityZen CEO Atish Davda.
Just as social media sites have struggled to limit misinformation on public platforms, the e-commerce giant has been ineffective in its handling of third-party sellers.
Snap Inc. (NYSE: SNAP) announced today that Evan Spiegel, co-founder and Chief Executive Officer, will participate in the Goldman Sachs 28th Annual Communacopia Conference in New York, NY on September 18, 2019 at 3:45 p.m. Eastern.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Atlassian Corp PLC (TEAM), where a total of 6,467 contracts have traded so far, representing approximately 646,700 underlying shares. That amounts to about 55% of TEAM's average daily trading volume over the past month of 1.2 million shares..
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dave & Busters Entertainment Inc (PLAY), where a total of 8,986 contracts have traded so far, representing approximately 898,600 underlying shares. That amounts to about 109.5% of PLAY's average daily trading volume over the past month of 820,320 shares..
Small-cap indexes flourished on Monday while the Nasdaq fell amid a nasty tumble by leading business software stocks. Banks and cyclicals rose.
Tech stocks led the market lower on Monday, with the Technology Select Sector SPDR Fund (NYSE: XLK) trading down 1% on the day. Twilio ...
Eleven trade groups on Monday urged U.S. lawmakers to pass the U.S.-Mexico-Canada trade agreement as soon as possible but warned Congress not to let the Trump administration change the thresholds for duty-free shipments into the United States.
Four of the eight companies in the IBD Sector Leaders stock list fell sharply underneath their 50-day moving averages. Paylocity also saw intense trade.
The networking titan's strong fourth-quarter results were overshadowed by weak guidance, all due to the Chinese trade war.
Salesforce which is the leader in the CRM market with 19.5% share, recently reported a strong quarter and raised its forecast following its recent acquisitions.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Salesforce. om Inc (CRM), where a total of 29,553 contracts have traded so far, representing approximately 3.0 million underlying shares.
Learn how eBay differs from Amazon in the e-commerce environment for both buyers and sellers, and understand why each operates under a specific model.
(Bloomberg) -- AT&T Inc.’s sweeping transformation from Ma Bell to a multimedia titan has gone both too far and not far enough for Elliott Management Corp.Billionaire Paul Singer’s New York hedge fund disclosed a new $3.2 billion position in AT&T, taking on one of the nation’s biggest and most widely held companies with a plan to boost its share price by more than 50% through asset sales and cost cutting.Investors applauded the development, briefly sending AT&T shares on their biggest intraday rally in more than a decade.For Singer, the move represents one of the biggest bets in the four decades since the hard-driving activist investor founded his firm. And it strikes at the core of the way AT&T has built its bigger-is-better empire: a costly M&A binge that has turned the carrier into one of the most indebted companies on Earth.“There will be a fight,” said Chetan Sharma, a wireless-industry analyst.Elliott outlined a four-part plan for the company in a letter to its board Monday. The proposal calls for the company to explore divesting assets, including satellite-TV provider DirecTV, the Mexican wireless operations, pieces of the landline business, and others.It urges AT&T, led by Chief Executive Officer Randall Stephenson, to exit businesses that don’t fit its strategy, run a more efficient operation and stop making major acquisitions. Elliott said it would also recommend candidates to add to AT&T’s board.In response, AT&T said it would review Elliott’s recommendations and said many of them are “ones we are already executing today.”The telecom giant said its strategy is “driven by the unique portfolio of valuable businesses we’ve assembled across communications networks and media and entertainment, and as Elliott points out, is the foundation for significant value creation.”The carrier said it believes that “growing and investing in these businesses is the best path forward for our company and our shareholders.”Still, investors seem to think Elliott’s plan could wring more value from AT&T. The shares surged as much as 5.2% to $38.14 in New York trading Monday. That was the biggest intraday jump since March 2009 and put them at their highest level since February of last year. They later settled down to a 2.7% gain amid a broader pullback in the market.Elliott said the investment -- among its largest to date -- was made because the company is deeply undervalued after a period of “prolonged and substantial underperformance.” It argued this has been marked by its shares lagging the broader S&P 500 over the past decade.It pointed to a series of strategic setbacks, including $200 billion in acquisitions, the “most damaging” of which was its $39 billion attempted purchase of T-Mobile US Inc. That deal resulted in the largest breakup fee of all time when the government blocked it in 2011 -- about $6 billion in cash and assets.“In addition to the internal and external distractions it caused itself, AT&T’s failed takeover capitalized a viable competitor for years to come,” Elliott said.The hedge fund also slammed the subsequent acquisitions of DirecTV and media giant Time Warner Inc. That puts particular pressure on Stephenson, 59, who oversaw the deals Elliott criticized in the letter.But, while the position in AT&T is large, Elliott may have a difficult time pushing for change unless it gets other investors to back its stance. Its newly disclosed stake in AT&T represents just about 1.2% of the company’s total market value.Elliott’s plan also calls for aggressive cost-cutting measures that aim to improve AT&T’s margins by 3 percentage points by 2022. Those margins have come under pressure amid cord cutting in video and widespread discounting in wireless, and Elliott said competitors like Verizon Communications Inc. have done a better job addressing those headwinds.Elliott said in the letter it has identified opportunities for savings in excess of $10 billion, but the plan would only require cost cuts of $5 billion.Elliott is also calling for a series of governance changes, including separating the roles of CEO and chairman -- currently held by Stephenson -- and the formation of a strategic review committee to identify the opportunities at hand.Transformative DealsWith a series of deals over the past several years, AT&T has transformed itself from a traditional telecom company into a multimedia behemoth. The company bought satellite-TV provider DirecTV for $67 billion in 2015, leaping into first place among U.S. pay-TV companies. Elliott criticized that deal in its letter as having come “at the absolute peak of the linear TV market.”AT&T then moved firmly into entertainment and media with the $85 billion acquisition of Time Warner in 2018. That deal brought marquee assets such as HBO, CNN and Warner Bros.“Despite nearly 600 days passing between signing and closing (and more than a year passing since), AT&T has yet to articulate a clear strategic rationale for why AT&T needs to own Time Warner,” Jesse Cohn, a partner at Elliott, and Marc Steinberg, an associate portfolio manager, said in the letter. “While it is too soon to tell whether AT&T can create value with Time Warner, we remain cautious on the benefits of this combination.”High-Profile FightsElliott has a history of tackling some of the biggest and most high-profile companies around the globe, including EBay Inc., Pernod Ricard SA, and Bayer AG in the past year alone. The AT&T investment marks Elliott’s single largest equity investment with an activist slant.It’s not the first time Elliott has taken on a major telecommunications company, either. The hedge fund battled Vivendi SA for control of the board of Telecom Italia SpA, eventually winning control in 2018 in a fight that dragged on into this year.Those battles don’t always end in success. In Elliott’s proxy fight at Hyundai Motor Group earlier this year, investors opted not to elect its slate of directors at two of the South Korean manufacturer’s subsidiaries. But even in some of its major losses, like at Samsung Electronics Co., the repercussion of its agitations can send ripples beyond the proxy clash.Samsung managed to keep Elliott at bay in 2015 but touched off a series of events that resulted in a brief jail term for the electronics giant’s billionaire heir apparent for influence peddling, protests by hundreds of thousands of people in Seoul, and the downfall and imprisonment of South Korea’s president, Park Geun-hye.Heavy DebtAT&T is the most indebted company in the world -- not counting financial firms and government-backed entities -- with $194 billion in total debt as of June, a legacy of Stephenson’s steady clip of large acquisitions. The CEO used to keep a spreadsheet of a few dozen companies that he studies on his tablet to plan his next big deal, people familiar with the matter told Bloomberg in 2016.The stock is among the top 20 most widely held U.S.-traded companies among institutional investors, according to data compiled by Bloomberg. That’s partially because of its steady dividend, which totaled $2.04 a share last year, giving investors a reliable payout in good times and bad.What Bloomberg Intelligence Says“AT&T will likely be under greater pressure to streamline operations and wring better performance out of Time Warner following the involvement of activist investor Elliott Management, yet this probably won’t prompt a change in company strategy. ... Elliott’s recommendation to spin off the DirecTV satellite business isn’t practical, in our view, as AT&T likely needs its free cash to help fund its dividend.”\-- John Butler, senior telecom analyst, and Boyoung Kim, associate analystClick here to view the research.Phone companies have also traditionally been considered a safety net for investors in bad economic times because people still need to communicate, though AT&T’s exposure to the landline business has more recently been a drag on profits because more people are shutting off their home phones and going wireless-only.Elliott’s move also put AT&T back in the cross hairs of one of its biggest critics: Donald Trump.The president, whose Justice Department unsuccessfully opposed AT&T’s Time Warner acquisition and who has slammed CNN’s coverage of him, cheered on Elliott’s efforts.“Great news that an activist investor is now involved with AT&T,” he tweeted.\--With assistance from Olga Kharif.To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Nick Turner, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Second=quarter earnings season has come and gone, leaving investors with a mixed bag of results.From a headline perspective, 75% of companies topped profit expectations -- above the five year average profit "beat rate." But only 56% of companies topped revenue expectations -- below the five year average revenue "beat rate." Meanwhile, the revenue growth rate was just 4% -- the slowest reading since mid-2016 -- while the earnings growth rate was negative, marking the first time since early 2016 that the S&P 500 reported back-to-back quarters of negative earnings growth.In other words, it wasn't a great earnings season.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut some stocks did have a great earnings season. That is, some stock bucked the broader "mixed bag" trend and instead reported blowout Q2 numbers which propelled their stocks meaningfully higher.Which stocks crushed it this earnings season? And will they stay in rally mode for the foreseeable future? * 7 Industrial Stocks to Buy for a Strong U.S. Economy Let's answer those questions by taking a deeper look at 7 of the best stocks that absolutely crushed it this earnings season -- all of which are up 15% or more since they reported earnings -- and seeing whether or not these hot stocks can sustain their post-earnings momentum. Roku (ROKU)Source: Michael Vi / Shutterstock.com % Gain Since Earnings Report: 55%Streaming device maker Roku (NASDAQ:ROKU) reported Q2 numbers in early August that smashed expectations on all important metrics, including revenues, profits, active accounts, average revenue per account and margins. The report also comprised sequential revenue growth acceleration, broad margin improvements and sustained robust account growth, as well as a strong guide which implied that all of this positive growth momentum will persist for the next few quarters.ROKU stock shot higher in response. It hasn't slowed since. In the month since the earnings report, ROKU stock has risen a jaw-dropping 55%.This rally seems overextended in the near-term based on valuation and technical concerns. But the long-term growth narrative here is compelling, as Roku is transforming into the cable box of the secular growth streaming TV market. In the long run, that position will translate into tons of ad and subscription-sharing revenue dollars, all of which will be high margin and translate into big profits.Net net, ROKU stock seems overextended in the near term, but has tons of potential to zoom higher in the long run. Pinterest (PINS)Source: Nopparat Khokthong / Shutterstock.com % Gain Since Earnings Report: 20%Freshly public social media company Pinterest (NYSE:PINS) reported Q2 numbers in early August that topped every metric that mattered. Monthly active users topped expectations. Average revenue per user did, too. As did overall revenues and profits. Management also hiked its full-year 2019 revenue and EBITDA guides and sounded an optimistic tone on the conference call with respect to future user growth.PINS stock soared in response. It has largely maintained those gains ever since, and about a month later, the stock is up 20% from its pre-earnings price. * 10 Stocks to Buy for September PINS stock should stay in rally mode for the foreseeable future. The valuation is ostensibly rich at 20-times trailing sales, but this is a really big social media company with a wide reach and unique value prop that is in the very early stages of monetizing its 300 million user and growing platform. Thus, the trailing valuation will naturally be rich because that trailing sales base is growing very, very quickly -- 62% revenue growth last quarter. This big growth will persist for a lot longer, and as it does, PINS stock will more than grow into its rich valuation and head significantly higher in the long run. Take-Two Interactive (TTWO)Source: Thomas Pajot / Shutterstock.com % Gain Since Earnings Report: 15%When it comes to video game stocks, the most important operational metric is bookings, because it is the most indicative of the underlying healthy of the company's business and gaming portfolio. With that in mind, it should make sense that after video game publisher Take-Two Interactive (NASDAQ:TTWO) reported a big bookings beat in its second quarter earnings report about a month go and also hiked its full-year bookings guidance, TTWO stock popped.TTWO stock has added to those gains ever since and today trades 15% above its pre-Q2 earnings price.This big rally in TTWO stock should persist for the next 12-plus months. Take-Two is supported by arguably the most robust content portfolio in the gaming world, headlined by franchises such as Grand Theft Auto, Red Dead Redemption and NBA2K. Consequently, even as the video game market has slumped in 2019, Take-Two has been just fine because Grand Theft Auto Online and Red Dead Online have maintained huge playing audiences.In 2020, Take-Two will do even better, mostly because the company will still have its robust content portfolio and because the video game industry backdrop will dramatically improve with the launch of new cloud gaming platforms and next-gen gaming consoles. All this new hardware innovation in 2020 will supercharge the entire video game market and create a rising tide that will lift all boats, most of all the boat that's at the head of the pack (TTWO stock). Micron (MU)Source: Charles Knowles / Shutterstock.com % Gain Since Earnings Report: 36%Depressed chip-maker Micron (NASDAQ:MU) reported Q2 numbers in late June that had "things are about to get a whole lot better" written all over them. It was a double-beat report, but more importantly, management sounded an optimistic tone on the call with respect to inventory reduction and improved NAND and DRAM pricing trends going forward.MU stock popped in response to those favorable numbers and comments. In the two-plus months since, more evidence has emerged which broadly implies that the worst of the NAND and DRAM market correction is in the rear-view mirror. Consequently, MU stock has stayed in rally mode and is up 36% since its earnings report.This big rally has more runway left. At the end of the day, as goes the DRAM and NAND pricing environment, so goes Micron's profits and so goes MU stock. Right now, there's a lot of data out there which points to the idea that the DRAM and NAND pricing environments are improving, including inventory reductions at Micron, stabilizing demand in Asia and reinvigorated data-center demand. If these improvements persist, then Micron's earnings will bottom soon and start to creep higher within the next 2 to 4 quarters. * Porsche Taycan: Do We Finally Have a "Tesla Killer"? Through that whole earnings bottoming process, MU stock should head materially higher. Target (TGT)Source: Robert Gregory Griffeth / Shutterstock.com % Gain Since Earnings Report: 25%Consumer discretionary stocks had a decent Q2 earnings season, but one consumer discretionary stock which had a monster Q2 earnings season was big box discount retailer Target (NYSE:TGT). In mid-August, Target reported Q2 numbers that were nothing short of spectacular -- big comparable sales growth which topped expectations, above-consensus revenue growth, gross profit margin expansion for the first time in three years, a huge profit beat and a big lift to the full-year profit guide.TGT stock exploded higher in response to the earnings smasher. It has stayed on a winning path ever since. Today, the stock trades 25% above its pre-Q2 earnings price.Although valuation is now a bigger concern that it has been in recent memory, Target stock should be able to run higher for the foreseeable future, driven by continued favorable operating results. Long story short, this company is on fire because they've figured out their omni-channel game and are now everywhere the consumer wants them to be with things line Target.com, buy-online, drive-up, fast delivery, etc. Consumers are warming up to all these options, and as they continue to do so in a healthy labor market, they will continue to spend big at Target.That means comps and profit trends will remain favorable for the foreseeable future. As they do remain favorable, TGT stock should remain on a winning path. Weibo (WB)Source: testing / Shutterstock.com % Gain Since Earnings Report: 20%China stocks didn't have the best Q2 earnings season, but one China stock that did do very well in Q2 was Chinese social blogging platform Weibo (NASDAQ:WB), whose Q2 numbers comprised the exact thing investors needed to see -- stabilization. For the past several quarters, Weibo has suffered from rapidly slowing revenue growth and falling margins. In Q2, revenue growth and margins started to stabilize, and the guide implied that this stabilization will continue into next quarter.As such, the Weibo growth narrative is going from "slowing" to "stabilizing," and this pivot has pushed WB stock up 20% since the company announced Q2 earnings. * 7 Industrial Stocks to Buy for a Strong U.S. Economy So long as trade war headwinds remain relatively muted -- granted, a big "if" -- then WB stock should head significantly higher from here. Not only are this company's core operational trends starting to stabilize, but those trends could potentially improve in a big way if the company's new Oasis platform gains critical traction. Such improvement could mark the beginning of a huge reversal in WB stock, which has dropped from $140 to $40 over the past 18 months. Shopify (SHOP)Source: BalkansCat / Shutterstock.com % Gain Since Earnings Report: 20%One stock that crushed it this earnings season, much like it has crushed it every earnings season over the past few years, is e-commerce solutions provider Shopify (NYSE:SHOP). In early August, Shopify reported a clean beat-and-raise second quarter earnings report that comprised 50%-plus gross merchandise value growth and healthy year-over-year profit margin expansion.Investors cheered the sustained top-line momentum and continued margin progress to the tune of a big post-earnings rally. SHOP stock has tacked onto those gains ever since. Since early August, the stock is up more than 20%.This is nothing new for Shopify stock. Thanks to secular growth tailwinds underpinning a more decentralized and direct approach to the global retail sales model, Shopify's e-commerce tools have seen robust adoption over the past several years. During that stretch, Shopify has rattled off big growth quarter after big growth quarter, while margins have moved higher with increased scale. Also during stock, SHOP stock has taken off like a rocket shop. Over the past 3 years, SHOP stock is up 800%.Those secular growth trends remain alive and well today and will continue to support robust and widespread adoption of Shopify's solutions for the foreseeable future. As such, this growth narrative is still in its first few innings. Over the next several years, Shopify will report many more big growth and big margin expansion quarters -- and the sum of all those quarters will ultimately push SHOP stock markedly higher.As of this writing, Luke Lango was long SHOP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post 7 Best Stocks That Crushed It This Earnings Season appeared first on InvestorPlace.
Activist investor Elliott Management Corp on Monday questioned AT&T Inc's $85 billion takeover of Time Warner and called for the wireless carrier to sell non-core businesses to boost its stock price, driving its shares their highest in a year.
As WeWork begins looking for new investors ahead of its hotly anticipated IPO, the company is reconsidering its valuation, and might go public at close to $20 billion. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss.
Spotify users can now share their favorite music and podcasts with friends on Snapchat, the company announced this morning, with added support for sharing a song, playlist, artist profile, or podcast either directly to your friends on Snapchat or to your Snapchat Story. Snapchat is now one of several destinations that Spotify users can share […]
CDW vs. NOW: Which Stock Is the Better Value Option?
AT&T Inc shareholder Elliott Management Corp on Monday questioned the wireless carrier's $85 billion takeover of Time Warner and called for it to sell non-core businesses to boost its stock price, driving shares in the company up 10%.
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Yahoo! Finance
The Versa didn’t single-handedly save Fitbit, but it gave the struggling wearable company a way forward. It also proved that Fitbit was finally ready to offer a product that could compete with the utterly dominant Apple Watch. Last year’s Versa Lite was, by all accounts, a misstep.
Financialnewsmedia.com News Commentary
Fitbit is rolling out a new subscription health and fitness tracking service later this fall called Fitbit Premium. But to take advantage of the service, you’ll need a Fitbit device — which is where the new Versa 2 comes in.
AT&T Inc shareholder Elliott Management Corp on Monday called for the wireless carrier to sell some of its non-core businesses and cut costs in an effort to return more value to shareholders, sending its shares up 10%.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares Russell Top 200 ETF (IWL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $76.11 per unit.
Salesforce has been on a spending spree lately. If the company continues that strategy, its potential for growth could be off the charts.
As more and more businesses go digital, cloud-based software providers stand to reap the benefits. A cloud refers to networks comprised of hyper-scale data centers built using open-source software and commodity hardware. With the demand for cloud-based solutions only growing, enterprises are turning to software companies to provide the digital infrastructure they need to keep pace with a world that’s increasingly online.  But how are investors supposed to know which stocks are poised to soar beyond the clouds? One way to find these stocks is by using the TipRanks Stock Screener. The Stock Screener lets you sort stocks by sector and analyst consensus to pinpoint the most compelling investments. Using this tool, we were able to find 3 cloud-based software stocks that have garnered substantial support from Wall Street with a “Strong Buy” analyst consensus. This is based on the last three months’ worth of ratings from all other analysts. Let’s dive in. Salesforce.com, Inc. (CRM) As the pioneer behind customer relationship management (CRM) software, Salesforce has cemented its status as one of the leading players in the space. Based on its solid performance in its most recent quarter, investors are liking what they’re seeing. On August 22, the company posted a second quarter earnings and revenue beat driven by the strength of its Sales Cloud and Service Cloud. Sales cloud, the company’s largest product, generated $1.13 billion in revenue while the Service Cloud reached $1.09 billion, up 13% and 22%, respectively, from the year-ago quarter.That being said, CRM has been branching out as part of a larger effort to diversify its product offerings. Back in 2018, CRM acquired Mulesoft’s software business for $6.5 billion. The deal allowed CRM to offer solutions using data stored in disparate systems, some in the cloud and some in legacy on-premises software. This was followed up by an even larger acquisition of data visualization company Tableau. At $15.3 billion, the purchase was the company’s largest acquisition in its history. While some investors originally expressed concern that CRM was biting off more than it can chew with the acquisition, RBC Capital analyst Alex Zukin believes the current valuation of 5.5 times enterprise value to expected 2021 revenue represents a unique opportunity. “We see little meaningful competition and no evidence of pricing pressure or market saturation at Salesforce,” the five-star analyst explained. As a result, he assumed coverage with a Buy while raising the price target from $181 to $200 on August 23. He believes shares could surge 32% in the next twelve months.Wall Street clearly agrees as CRM has received 26 Buy ratings and no Holds or Sells in the last three months, giving it a ‘Strong Buy’ analyst consensus. Its $188 average price target indicates 24% upside potential. ServiceNow Inc. (NOW)While not as well-known as CRM, ServiceNow has been deemed a must-watch name in the workplace software space. Its cloud-based solutions get rid of paperwork by enabling its customers to digitize manual business processes that have typically needed to be performed on paper. With shares already up 48% year-to-date, it’s easy to see why analysts are excited about this cloud stock.Throughout the company’s history, it has been able to garner a positive reputation among customers based on its easy-to-use design. It doesn’t hurt that the software can be integrated with its customers’ existing software such as Amazon Web Services (AMZN), Microsoft Azure (MSFT), Google Cloud (GOOGL) as well as several others. According to NOW’s July 24 Q2 earnings release, customers are happy. The company boasts an almost 99% renewal rate, with it consistently marketing and cross-selling its other products to existing customers.Not to mention NOW was able to finalize 39 transactions each with more than $1 million in net new annual contract value (ACV) during the quarter. This brings its total customer base with an AVC over $1 million to 776, up 33% year-over-year. While the company has taken some heat over its lofty valuation, Stifel Nicolaus analyst Tom Roderick believes NOW looks poised to grow into its valuation. As a result, he upgraded the rating from a Hold to a Buy and bumped up the price target from $290 to $320 on August 21. The five-star analyst's new price target demonstrates his confidence in NOW’s potential to gain 21% over the next twelve months. All in all, the rest of the Street is bullish on NOW. It boasts a ‘Strong Buy’ analyst consensus and a $317 average price target, suggesting 20% upside potential. Q2 Holdings Inc. (QTWO)Q2 Holdings wants to change the way financial institutions operate by providing cloud-based digital banking solutions. The company is aiming to meet the needs of smaller banks that are seeing a drop in customer engagement at their physical locations. QTWO allows customers to build custom websites or mobile apps through its three platforms, a digital banking platform, lending and leasing and a banking-as-a-service. QTWO’s strategy appears to be working as evidenced by the results from its most recent quarter. On August 7, the company reported that its customer base gained 19% from the year-ago second quarter to reach 13.6 million users across all platforms. As a result, quarterly revenue totaled $77.6 million, up 33% year-over-year.“We closed out the first half of the year on a strong note. Given our sales execution, we plan to continue investing in integration, innovation and delivering successful client outcomes,” said CEO Matt Flake.Adding to the good news, QTWO announced on August 29 that it is partnering with Athena Home Loans to provide digital mortgages. Based on QTWO’s strong second quarter performance, KeyBanc analyst Arvind Ramnani reiterated his Buy rating while raising the price target from $98 to $102 on August 28. The four-star analyst believes that shares could soar 17% in the next twelve months.Wall Street appears to echo the analyst’s sentiment. The stock is a ‘Strong Buy’ among analysts, with it receiving 6 Buy ratings vs 2 Holds in the last three months. Its $94 average price target implies 7% upside potential. Find analysts’ favorite stocks with the Top Analysts’ Stocks tool
Stocks aren’t too expensive, and they’ll probably continue to outperform fixed-income assets, writes Peter Morici.
Beware — the IRS is on the prowl for cryptocurrency tax scofflaws.
Photos and even cryptocurrency can disappear without a trace if you don’t make a plan to pass them along.
Bull of the Day: Elastic (ESTC)
01:33
Seeking Alpha
08 Sep, 2019
The week of September 9 will be a busy one for the markets with the ECB announcement on Thursday. It is widely expected that the ECB will cut the deposit rate by ten basis points which could provide a significant tailwind to the equity market.
07:37
FinancialContent
07 Sep, 2019
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included what may be a ...
This 2019 social-media IPO's stock chart was "pin"-worthy last month.
15:35
FinancialContent
The networking stalwart may have attractive long-term upside after its post-earnings sell-off.
These companies offer big yields and the market might be discounting their growth potential.
06 Sep, 2019
Top tickers for end of day: LBTYK, HD, SNAP, ZNGA, OXY, AAPL.
The workplace-collaboration software provider has a lot going for it, but Slack's stock is not a buy -- at least not yet.
Cisco (NASDAQ: CSCO) today announced it has completed the acquisition of privately-held Voicea*, headquartered in Mountain View, CA. Voicea is the creator of a market-leading real-time solution that provides meeting transcription, voice search, and meeting highlights/action items, with robust data privacy.  It helps teams have more productive and actionable meetings by turning talk into action.With Voicea technology, Cisco will enhance its Webex portfolio of products with a powerful transcription service that blends AI and Automated Speech Recognition (ASR) to unlock the power of any collaboration, like meetings and calls. 
The Technology Select Sector SPDR ETF (XLK) ETF has delivered impressive returns over the past five years.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Ubiquiti Inc (UI), where a total of 2,609 contracts have traded so far, representing approximately 260,900 underlying shares. That amounts to about 55% of UI's average daily trading volume over the past month of 474,670 shares..
The Dow Jones Industrial Average is acting well and this week saw a positive change in the current outlook for growth stocks.
In addition to Twitter, Microsoft and Paycom, the best mutual funds are investing heavily in Visa, Mastercard, Global Payments, PayPal and Paysign.
Docusign Inc (NASDAQ: DOCU) shares were soaringFriday despite reporting a second-quarter earnings miss Thursday. In a statement ...
Top tickers for midday: AAPL, FB, LULU, AMD, SNAP, ROKU, AMZN, MSFT, NFLX, TSLA, BAC, MU, BYND, CGC, T, GOLD, NVDA, TWTR, BABA, GE
More consumers actually prefer buying — or even renting — used clothing from RealReal and other retail industry disrupters.
Investors in Atlassian Corp PLC (TEAM) saw new options begin trading today, for the October 25th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the TEAM options chain for the new October 25th contracts and identified one put and one call contract of particular interest.
Investors in Snap Inc (SNAP) saw new options become available today, for the October 25th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SNAP options chain for the new October 25th contracts and identified one put and one call contract of particular interest.
TripAdvisor (TRIP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Fitbit is losing the head of its healthcare business to CVS as the pharmacy giant works to transform itself following the $70-billion acquisition of insurance company Aetna. Adam Pellegrini will lead consumer health efforts at CVS, CNBC reported on Friday. It cited a CVS internal memo saying Pellegrini will join CVS on Monday as senior vice president of transformation consumer health products.
Anyone researching Fitbit, Inc. (NYSE:FIT) might want to consider the historical volatility of the share price. Modern...
ServiceNow Inc. is up 51% this year and the company made Jim Cramer's fantasy portfolio that he announced on his Mad Money program Thursday night. In the daily bar chart of NOW, below, we can see a basing pattern on the left side of the chart from October through January. The daily On-Balance-Volume (OBV) line has declined from the middle of July telling us that sellers have turned to be more aggressive the past two months.
I am a value investor, and all my investments are made with a long-term objective in mind. Consequently, I am a believer that time in the market is often what matters most.
00:47
Seeking Alpha
When Domo Inc. went public last year, it was hard to discern what the company actually does, and how executives were going to turn it into a big business. Slightly more than a year later, Domo is showing why that should have scared investors away in the initial public offering.
05 Sep, 2019
Top tickers for end of day: SNAP, BAC, MNK, AAPL, GE, TPR, ATUS.
The social media giant's new dating feature could be a major challenge for Match Group.
20:30
FinancialContent
Which tech stalwart is a more stable investment for a volatile market?
Over the past couple of years, there has been no dearth of high-profile companies that have gone public, especially in the tech sector. This year has seen plenty of startups take the plunge and exceed expectations. Plant-based hamburger maker Beyond Meat has had a whopping year, while software...
Atlassian co-founder & co-CEO Scott Farquhar joined TechCrunch's first ever Enterprise event in San Francisco where he revealed new major changes to the software company. Yahoo Finance's Zack Guzman and Kristin Myers, along with Payne Capital Management Financial Advisor Courtney Dominguez join in on the conversation.
Expedia Group hasn't pulled off a major acquisition since buying HomeAway for $3.9 billion in 2015, but in thinking about the intervening years, the company's chief financial officer made it clear Expedia won't sit idly by with piles of cash. The issue basically comes down to doing share repurchases or making acquisitions, and the company's […]
With tools like Jira, Bitbucket and Confluence, few companies influence how developers work as much as Atlassian. The company's co-founder and co-CEO Scott Farquhar will join us to talk about growing his company, how it is bringing its tools to enterprises and what the future of software development in and for the enterprise will look like.
At our TC Sessions: Enterprise event, Atlassian co-CEO Scott Farquhar todayannounced a number of updates to how the company will sell its cloud-basedservices
The World Health Organization said on Thursday it welcomed a commitment by Facebook that it would direct users seeking vaccine information on its Instagram, Facebook Search, Groups and other forums towards facts, not misinformation.
ServiceNow has been named a Leader in the Gartner Magic Quadrant for IT Service Management Tools for the sixth consecutive year.
London based adtech startup Spirable has closed a £6M Series A. The round was led by Smedvig Capital, with existing backers Frontline Ventures, Downing Ventures and 24 Haymarket also participating. The startup is one of several playing in the customized video ads space — offering a platform that simplifies and scales video ad creation by […]
Symbols mentioned in this story: IGV, CRM, NOW, ATVI Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Symbols mentioned in this story: TQQQ, CSCO, CMCSA, CHTR Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Successful IPOs generally have a favorable supply-and-demand situation. New IPOs generally show a small float. That can magnify any bullish sentiment.
Markets are rising on the hopes of a thawing trade war between the US and China as both sides agree to meet in October.
FinancialBuzz.com News Commentary
Ciena fiscal Q3 earnings and revenue beat estimates as the optical networking gear maker continues to gain share. Ciena stock popped early Thursday.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
04 Sep, 2019
Cybersecurity firm Palo Alto Networks said it expects to grow sales at a double-digit pace over the next three years and forecast robust free cash flow, sending its shares up 8% in volatile after-hours trading on Wednesday.
“China’s Twitter” launches a new lifestyle app which resembles Instagram and Pinterest.
Agrawal brings deep modern marketing experience engaging with developer communities around the world
SmarTrend identified an Uptrend for Ebay Inc (NASDAQ:EBAY) on January 9th, 2019 at $30.07. In approximately 8 months, Ebay Inc has returned 32.39% as of today's recent price of...
Even Financial, a fintech company that acts as a recommendation provider for personal finance websites, announced a $25.5 million Series ...
Shares of eBay Inc (NASDAQ: EBAY) have gained more than 40% since the start of 2019 and now properly reflectthe value of its ...
The bearish case for Tripadvisor Inc (NASDAQ: TRIP)dates back to late 2017 and may have now played out after the stock's ...
Here's why one analyst is pulling its sell rating.
Online auction site eBay Inc. (NASDAQ: EBAY)-ownedticket resale platform StubHub is drawing interest from Vivid Seats and KKR ...
Upgrades Wolfe Research changed the rating for Abercrombie & Fitch Co (NYSE: ANF) from Underperform to Peer Perform. For the ...
AI-enabled Aavenir Accounts Payable can accelerate the speed and accuracy of multi-vendor invoices processing to optimize cash flow and eliminate human intervention
Anypoint Platform enables Decathlon to innovate at scale, launch new products to market, and expand its presence to the United States and beyond
ServiceNow (NYSE:NOW), the company that makes work, work better for people, today announces the launch of native mobile experiences for everyday work across the enterprise with the general availability of its Now Platform New York release (https://www.servicenow.com/now-platform/latest-release.html). For the first time, consumer-like mobile experiences that can make almost any everyday work task easy to do have arrived, making our work lives as simple, easy and mobile-friendly as our real lives.
The Silicon Valley company, which is leading a digital revolution across businesses that is “hiding all the complexity of work,” as CEO John Donahoe put it in a recent interview, on Wednesday patched a hole in its product line with two new mobile apps.
Today we're going to take a look at the well-established ServiceNow, Inc. (NYSE:NOW). The company's stock received a...
Pre-open movers U.S. stock futures traded higher in early pre-market trade. Data on motor vehicle sales for August will be released ...
Baffle’s Simplified Encryption Certified as AWS Database Ready
New Airbnb settlements with Boston and Miami Beach legitimize alternative accommodations in those cities, but also give the homesharing giant new leverage over competitors. Airbnb settled with the two cities to provide hosts' information and to delist those who aren't registered, and the Boston agreement also notably requires "fairness across platforms." This entails efforts to […]
03 Sep, 2019
Firm of Tiger Management protégé makes real-time trade in pizza chain Continue reading...
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component EastGroup Properties Inc (EGP) was identified as having a larger market cap than the smaller end of the S&P 500, for example Tripadvisor Inc (TRIP), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..
These tools and services were developed to help the biggest companies in the world, so why are they being increasingly used in the home?
There have been many high-profile IPOs this year, but here are three more to watch out for that might happen before 2019 ends.
Watch out, Fitbit.
Amid Tuesday's stock market sell-off, these four top stocks are in or near buy zones, including Lululemon.
An Otis Elevator Co. employee died Tuesday morning in an accident at TripAdvisor Inc.’s Needham headquarters. Needham police identified the victim as James Jacobs, 52. No TripAdvisor (Nasdaq: TRIP) employees were involved in the incident, according to police.
Investors in Atlassian Corp PLC (TEAM) saw new options begin trading today, for the August 2020 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 353 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration..
15:18
FinancialContent
The top-ranked large-cap sectors this week is services. Technology, industrial goods, healthcare, and utilities score neutral.
Investors in Fitbit Inc (FIT) saw new options begin trading today, for the October 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the FIT options chain for the new October 11th contracts and identified one put and one call contract of particular interest.
A recent surge in software company acquisitions may keep going for another few months while the cash is still out there but a rocky fourth quarter might take some of the momentum out of large-tech companies filling the holes in their platforms.
The demand picture’s shifted in the last few years, and some unexpected players are rising to the top.
Gainers MAM Software Group, Inc. (NASDAQ: MAMS) stock surged 14.1% to $11.92 during Tuesday's pre-market session. The market ...
TDC and DKT Holdings releases its updated financial calendar for 2019 as set out below. 8 OctoberStart of closed period prior to Interim Financial Statements January –.
Those jonesing for a small iPhone may be out of luck, experts say.
August was a month marked by market uncertainty with Nasdaq 100 index falling almost 4%. Despite that, Wall Street analysts still have stocks they like, many of which are in the tech sector.
SmarTrend identified a Downtrend for Tripadvisor Inc (NASDAQ:TRIP) on February 26th, 2019 at $52.92. In approximately 6 months, Tripadvisor Inc has returned 28.21% as of today's recent price of...
02 Sep, 2019
18:08
Seeking Alpha
A high-ranking European Central Bank official on Monday outlined problems with the planned cryptocurrency, the latest in a series of warnings from government officials.
01 Sep, 2019
The results are shocking. Here are eight lessons from one Fool's experience.
Lululemon Athletica, Microsoft, Mastercard, Atlassian and Universal Display: These top stocks have formed flat bases, especially bullish in a choppy market.
31 Aug, 2019
Teradata (TDC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
30 Aug, 2019
Pairing the content monolith with the higher-end retail giant will mean great things for both companies.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Exelixis Inc (EXEL), where a total of 41,537 contracts have traded so far, representing approximately 4.2 million underlying shares. That amounts to about 145.5% of EXEL's average daily trading volume over the past month of 2.9 million shares..
Activist investors calling for strategic change at Scout24 have won a vote to place a representative on the German classifieds group's non-executive supervisory board, ramping up pressure on management.
Amid the volatile stock market rally, IBD Sector Leader Atlassian is etching a new buy point. But shares gave up a key support level Friday.
Lackluster revenue growth rates combined with an inflated valuation makes TripAdvisor too risky a bet for now.
29 Aug, 2019
On CNBC's "Fast Money Halftime Report,"Brenda Vingiello suggested that salesforce.com, inc. (NYSE: CRM) is a ...
Atlassian Corporation PLC (TEAM) closed at $138.05 in the latest trading session, marking a -0.16% move from the prior day.
ServiceNow (NOW) closed at $264.83 in the latest trading session, marking a +1.73% move from the prior day.
Salesforce chairman, co-founder and CEO, Marc Benioff, took a lot of big chances when he launched the company 20 years ago. For starters, his was one of the earliest enterprise SaaS companies, but he wasn’t just developing a company on top of new platform, he was building one from scratch with social responsibility built-in. Fast […]
Visa's stock chart is well-positioned for success, but the investor should be aware that some second-stage breakouts fail.
This growth stock has jumped 80% in 2019 -- and still trades at 70 times forward earnings.
Tripadvisor Inc (NASDAQ:TRIP) crossed over its 10-day moving average of $37.41 on a volume of 235K shares. This may provide short-term investors a chance for a long position, as...
Gainers Safe-T Group, Inc. (NASDAQ: SFET) stock increased by 22.5% to $1.28 during Thursday's pre-market session. Nutanix, ...
Why Wall Street has long had a problem valuing these revolutionary companies.
Pinterest Inc users searching for vaccine-related information will be shown results from leading public health groups, in an effort to combat health misinformation on the site, the social media company said in a blog post on Wednesday.
28 Aug, 2019
Fitbit Inc on Wednesday launched its latest smartwatch, Versa 2, adding Amazon.com Inc's voice assistant Alexa, online payments and music storage in a bid to compete strongly with Apple Inc's smartwatches.
Ahead of the holiday shopping season, Fitbit refreshes its most popular smartwatch.
A fast-growing software provider cut its outlook, and a struggling wearables company has new products coming soon.
17:58
Seeking Alpha
A key component of a high-ESG stock is a stellar management team. Here are four qualities that define an exemplary leader, which should be top of mind for ESG investors.
The Versa 2 will launch alongside a new subscription service next month.
Fitbit Inc (NYSE: FIT) shares are trading higher after announcing three new products. Fitbit Versa 2, a premium, voice-enabled ...
Education and upward job mobility can be powerful tools that help a tech company reach new heights.
The Dow Jones industrials reversed higher in today's stock market. Software stocks Autodesk and Veeva Systems sold off on earnings.
Fitbit Inc on Wednesday launched its latest smartwatch, Versa 2, adding Amazon.com Inc's voice assistant Alexa, online payments and music storage in a bid to compete strongly with Apple Inc's smartwatches.
The Dow Jones industrials reversed higher in today's stock market. Software stocks Autodesk and Veeva Systems sold off on earnings.
Fitbit Inc on Wednesday launched its latest smartwatch, Versa 2, adding Amazon.com's voice assistant Alexa and online payments in a bid to compete more strongly with Apple Inc's smartwatch.
Fitbit Inc on Wednesday launched its latest smartwatch, Versa 2, adding Amazon.com's voice assistant Alexa and online payments in a bid to compete more strongly with Apple Inc's smartwatch.
Fitbit Inc. is introducing a premium subscription offering along with upgrades to its Versa smartwatch and Aria smart scale as it prepares for the holiday season amid record low stock prices.
Fitbit (NYSE: FIT) today announced the launch of Fitbit Premium, a paid subscription service in the Fitbit® app that uses your unique data to deliver Fitbit’s most personalized experience yet, with actionable guidance and coaching to help you achieve your health and fitness goals. Premium leverages insights from 10+ years of Fitbit data as well as academic and medical expertise to help you move more, sleep better and eat well with customized programs, advanced sleep features, personal insights, thousands of workouts, new challenges, health reports and more – all in one place and made just for you.1 Premium will be available to any Fitbit user and to Fitbit Health Solutions customers through Fitbit Care.
Fitbit (NYSE: FIT) today announced Fitbit Aria Air™, expanding the Fitbit Aria™ product family with a low-cost Bluetooth scale that tracks weight and syncs with the FitbitⓇ app to calculate BMI, giving you a comprehensive view of your trends over time alongside your activity, heart rate, sleep and nutrition data within the Fitbit app. When combined with Fitbit’s innovative wearable devices and new Fitbit Premium subscription service, Aria Air gives you access to added data, information and motivation to more effectively reach your health and wellness goals.
Fitbit (NYSE: FIT) today announced the launch of Fitbit Versa 2™, the next generation of its best-selling smartwatch, Fitbit Versa™. Versa 2 delivers a new precision-crafted swimproof design, includes innovative sleep features like Sleep Score and smart wake, and is packed with even more advanced health, fitness and smart features to elevate every moment.1 For next-level convenience, Versa 2 debuts an on-device microphone, which enables Fitbit’s first-ever Amazon Alexa smartwatch experience, along with a Spotify app that allows users to control their music and podcasts, and Fitbit PayTM on all models. 2 Coupled with even faster performance, thousands of apps and clock faces and a brighter, crisper display with an optional always-on mode, Versa 2 is your 24/7 health and wellness companion – now with 5+ days battery life at the same approachable price as Versa. 3
(Bloomberg Opinion) -- Why do tech firms seem to delight in making things tougher for themselves?TeamViewer is planning a Frankfurt initial public offering by the year-end that may value the German maker of remote computer access systems at between 4 billion euros ($4.4 billion) and 5 billion euros. The proceeds will go into the pocket of private equity firm Permira Holdings LLP, its owner of five years.With the company growing at a ripping pace – 37% so far this year – and boasting healthy profitability, it should be an attractive proposition for investors. But I’m equivocating for a reason. The problem lies in the metrics it provides. Rather than talking simply about revenue and profit, in a Wednesday press release it proffered “billings” and “cash Ebitda”. The former totaled 142 million euros ($158 million) in the first half, while the latter hit 74 million euros.Billings is a fairly common measure in cloud computing. Cash Ebitda, less so. Ostensibly, both are intended to give a clearer representation of the company’s earnings by ensuring that only business from a particular time-frame is booked in that period.That has something to do with the fact that TeamViewer switched its business model in the middle of last year, moving from selling licenses to subscriptions. The problem is that neither earnings metric is well defined, or indeed defined at all, at least so far. So while it appears that the company is performing strongly, investors will need to review the IPO prospectus carefully when it surfaces.Technology companies have an unhappy penchant for non-GAAP or -IFRS metric, many of which make “cash Ebitda” look pretty straightforward. Uber Technologies Inc. discloses “core platform contribution profit”. Lyft talks about “take rate”. Twitter has simply “adjusted earnings”. There’s good reason to be cautious: shares all three of those companies have struggled to exceed the price at which they were first sold to the public. Investors have been burned by software firms with opaque metrics before.The most pertinent point of comparison is ServiceNow Inc. Like TeamViewer, it has a subscription-based offering which targets a discrete slice of the enterprise – in the U.S. firm’s case, company help-desks – and leans on non-GAAP subscription billings as a metric. Its enterprise value of some $49 billion is equivalent to about 13 times 2019 billings.Based on the midpoint of its reported valuation range, TeamViewer will have an enterprise value of roughly 17 times its anticipated billings. It may be able to justify that higher valuation on the basis that it’s already more profitable than ServiceNow. But we won’t know for sure until we have more exhaustive earnings numbers.TeamViewer looks like a promising business. It will need to do more to prove it.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
27 Aug, 2019
The major stock indexes were broadly lower Tuesday on heavier volume. Meanwhile, top retail stock Costco broke out above a buy point.
Dropbox Inc. added two women to its board of directors on Tuesday, the latest push by CEO Drew Houston to diversify leadership at the file-storage company.
19:57
Seeking Alpha
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100..
Data highlights how far in advance to book airfare, best dates to travel and other tips to help travelers plan ahead and save
Identity access management leader Okta (NASDAQ:OKTA) is set to report second quarter numbers after the bell on Wednesday, Aug. 28, and I'm optimistic on OKTA stock ahead of that print.Source: Shutterstock My optimism is rooted in four things. First, Okta's earnings history is stellar. Second, the numbers this quarter look very beatable. Third, peer cloud companies have reported strong numbers over the past month.Fourth, and most importantly, the secular growth narrative underlying OKTA stock is so robust and wide-reaching that, even if the stock sells off in response to Q2 numbers, that sell-off will be temporary. In the big picture, it will be nothing more than an opportunity buy into a long-term winner at a discount.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs such, I like OKTA stock ahead of earnings. In all likelihood, the company reports strong numbers, and the stock flies higher. In the event that doesn't happen, I'm perfectly comfortable buying the dip, given the strength of this company's secular growth narrative. Either way, I see Okta stock as one for the long run. Stellar Earnings HistoryLet's have a look at the Okta Inc stock stellar earnings history. Indeed, the company's track record is flawless. * 10 Stocks Under $5 to Buy for Fall Okta's first public earnings report was back in June 2017. It was a double beat report, topping Street estimates on both revenue and earnings. Ever since, Okta has racked up nine consecutive double-beats. Not surprisingly, OKTA stock has performed very well during this stretch. Since that first earnings report, the shares are up more than 430%.Coming into tomorrow's earnings report, history is on the bulls' side ahead of the Q2 print. The Numbers Look BeatableThe second big reason to buy OKTA stock ahead of earnings is that the Street numbers look very beatable.In every quarter since going public, Okta has reported revenue growth of 50% or better. That is nine quarters of 50%-plus revenue growth. The Street is looking for less than 40% revenue growth this quarter. Against the backdrop of those nine straight quarters of 50%-plus revenue growth, a sub-40% revenue growth estimate this quarter seems very beatable.To be sure, part of this slowdown is because management guided for it in the last earnings report. But, management has a history of under-promising and over-delivering. That seems especially true this time around, with revenue growth estimates slated at multi-quarter lows.As such, it seems highly likely that -- at the very least -- Okta tops revenue estimates in its Q2 print. Peer Results Have Been StrongThe third reason to buy OKTA stock ahead of Wednesday's earnings is that peer cloud companies have reported strong numbers over the past month, in sum supporting that the secular enterprise cloud transition remains as vigorous as ever.Specifically, over the past month, cloud companies Salesforce (NYSE:CRM), Splunk (NASDAQ:SPLK), ServiceNow (NYSE:NOW), and Twilio (NASDAQ:TWLO) all reported double-beat-and-raise earnings reports. At the same time, hybrid cloud companies Akamai (NASDAQ:AKAM) and Intuit (NASDAQ:INTU) both reported double-beats in the past month, and both cited cloud strength in their earnings report.Also of note, cloud infrastructure giants Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) both reported double-beat quarters recently, with cloud strength at the epicenter of both beats.Net net, the takeaway is that the secular enterprise cloud transition remains as vigorous as ever, despite slowing economic growth around the world. Okta makes its living off this transition. As such, so long as it remains vigorous, Okta's numbers should remain favorable. Secular Growth Narrative is RobustThe fourth big reason to buy OKTA stock ahead of earnings is that the secular growth narrative here is so good that any post-earnings sell-off will likely be nothing more than a buying opportunity.Okta has created an innovative solution at the convergence of the cloud and cybersecurity worlds. Specifically, the company has developed what management calls the Identity Cloud, which is an identity-based cloud security solution which enables customers and employees alike to securely log into multiple applications using just one log-in. This solution is high adaptive, highly secure, and very convenient for enterprises -- which are sometimes adopting several new software systems every month. * 10 Undervalued Stocks With Breakout Potential Because of these advantages, Okta's Identity Cloud solution has gained significant traction in the cloud security world over the past several years. It will continue to gain traction over the next several years, too. At the same time, the whole cloud security solution market will expand dramatically, driven by more enterprise workloads migrating to the cloud and enterprises spending more money to protect and secure those workloads.As such, Okta projects as a market share gainer in a secular growth industry for the next several. That implies big revenue growth for a lot longer. Gross margins are north of 70%. Opex rates will fall with scale. Over the next few years, Okta projects as a big time profit grower -- and all that profit growth should propel OTKA stock meaningfully higher. Bottom Line on OKTA StockOkta should report strong second quarter numbers after the bell on Wednesday. Those better-than-expected numbers should be good enough to spark a nice post-earnings rally in OKTA stock.But, even if that doesn't happen, any post-earnings sell-off in OKTA stock will most likely just be a buying opportunity, since the secular growth narrative here implies that OTKA stock is a long-term winner.As of this writing, Luke Lango was long OKTA, SPLK, and GOOG. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 "Boring" Stocks With Exciting Prospects * 15 Cybersecurity Stocks to Watch as the Industry Heats Up * 5 Healthcare Stocks to Buy for Healthy Dividends The post 4 Reasons to Like Okta Stock Ahead Of Tomorrow's Earnings Report appeared first on InvestorPlace.
26 Aug, 2019
22:00
FinancialContent
The company has been growing, albeit slowly.
The two rivals control about 70% of the market.
Cloud computing and IT Services leader ServiceNow is up 48% year to date, with a 1,300% advance since its 2012 IPO. Does it still have room to run?
Amid Monday's stock market rally, these four top growth stocks are in or near buy zones, including top IPO stock Pinterest.
Teradata announced that it has appointed Bob Joyce as Executive Vice President of Teradata Business Systems, reporting to CEO Oliver Ratzesberger.
Investors in Expedia Group Inc (EXPE) saw new options begin trading today, for the October 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the EXPE options chain for the new October 4th contracts and identified one put and one call contract of particular interest.
Lyft could turn profitable in 2021 vs. 2023 as fares rise and incentives fall — and as Uber focuses on international growth, an analyst said. Lyft stock rose.
Symbols mentioned in this story: SPDW, SHOP, TEAM, PKX Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Investors studying IPO bases are partly blinded because new issues don't have enough trading history to generate tools like the Relative Price Strength Rating or the Accumulation/Distribution Rating, as compiled in IBD's proprietary research tool, Stock Checkup. There are ways to evaluate these blind spots, however. Important factors include seeing a shallow correction within the base during normal market conditions, a large increase in price and a close near session highs on the breakout day, and heavy volume on the breakout day and week. ServiceNow, the business software company, went public June 29, 2012, at 18 a share, and met with immediate success as the stock leaped to a close at 24.60 as nearly 11 million shares exchanged hands.
25 Aug, 2019
Three simple criteria have helped me pick successful investments.
23 Aug, 2019
Atlassian Corporation PLC (TEAM) closed the most recent trading day at $141.05, moving -1.67% from the previous trading session.
Expedia Group (NASDAQ: EXPE) will participate in the Citi 2019 Global Technology Conference in New York, NY on Thursday, September 5, 2019. Alan Pickerill, Executive Vice President and Chief Financial Officer will hold a question and answer session beginning at 6:30am PT / 9:30am ET. A live webcast of the session will be available to the public at http://ir.expediagroup.com. A replay of the webcast will be available at the same location for 90 days.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in ServiceNow Inc (NOW), where a total volume of 9,899 contracts has been traded thus far today, a contract volume which is representative of approximately 989,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.8% of NOW's average daily trading volume over the past month, of 1.8 million shares..
The Dow Jones Industrial Average, Nasdaq and Russell 2000 showed deep declines in another bearish session for stocks. Microsoft is yielding recent gains.
This is the No. 1 midcap stock mutual fund over the past 10 and 15 years. Tech stocks, especially software stocks, help it excel.
Which of the two travel gurus is the better buy? More importantly, how can they climb out of the rut they’re in?
SmarTrend identified a Downtrend for Tripadvisor Inc (NASDAQ:TRIP) on February 26th, 2019 at $52.92. In approximately 6 months, Tripadvisor Inc has returned 27.91% as of today's recent price of...
22 Aug, 2019
The stock market recovered after an early downdraft Thursday, but the Nasdaq flashed a mild distribution day ahead of Jerome Powell's speech Friday.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Microsoft Corporation (MSFT), where a total of 155,154 contracts have traded so far, representing approximately 15.5 million underlying shares. That amounts to about 58.4% of MSFT's average daily trading volume over the past month of 26.6 million shares..
Investors in Atlassian Corp PLC (TEAM) saw new options become available this week, for the October 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the TEAM options chain for the new October 18th contracts and identified one put and one call contract of particular interest.
If you want to reach millennial and Gen Z travelers, it's debatable whether an owl character, decked out in a bathrobe and perched at times on a hotel room pillow, should be your go-to brand ambassador. A new TripAdvisor brand campaign, unleashed in the U.S. a week ago on TV and various digital platforms, is […]
Fitbit Inc said on Wednesday it signed a contract with the Singapore government to provide fitness trackers and services in a health program it said could reach up to one million users.
21 Aug, 2019
The partnership could bring in 1 million premium subscribers.
Target, the discount retail chain, soared 21% and broke out on Q2 results. The U.S. consumer looks healthy. The Dow Jones, Nasdaq and small caps all rose.
Fitbit Inc said on Wednesday it won a contract with the Singapore government to provide fitness trackers and services to up to one million of the country's citizens as part of a health initiative that begins in October.
A deal with the government of Singapore should produce millions in service revenue over the next year.
Gainers SemiLEDs Corporation (NASDAQ: LEDS) shares jumped 65% to $3.73 after receiving an offer from Xian Chang MA to buy 680,000 ...
Symbols mentioned in this story: IGV, NOW, ATVI, WDAY Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Fitbit Inc has won a contract with the Singapore government to provide fitness trackers and services to up to one million of the country's citizens as part of a health initiative that begins in October.
Upgrades Raymond James changed the rating for Arbor Realty Trust Inc (NYSE: ABR) from Market Perform to Outperform. In the second ...
Fitbit Inc will collaborate with the Singapore government on a health initiative that involves the use of its fitness trackers, the company said on Wednesday.
Perks at work have become a source of pride and a competitive differentiator for companies vying for top talent. Stocked fridges, catered meals, on-site fitness facilities, laundry services and complimentary transportation are just a handful of popular perks companies offer to lure new employees. But according to new research by ServiceNow (NYSE: NOW), the company that makes work, work better for people, an effective way to build an engaged and productive workforce is giving employees a better employee service experience during big moments and even small ones in between.
Fitbit (NYSE: FIT), today announced that it will be collaborating with Singapore’s Health Promotion Board (HPB) on a healthy population project in support of Singapore’s Smart Nation initiative. The HPB is Singapore’s government agency that implements policy and programs to improve the nation’s health. This is Fitbit’s first major integration of a digital health platform and wearables into a national public health program globally. The initiative, named Live Healthy SG, was uniquely designed for Singapore by Fitbit and the HPB to harness technology, behavior insights and analytics to help Singaporeans get healthier through meaningful and sustained behavior change. Live Healthy SG will engage people of all ages and levels of health using Fitbit devices and its new Premium service, which is launching to consumers in select markets around the world this fall.
Gainers SemiLEDs, Inc. (NASDAQ: LEDS) stock increased by 10.6% to $2.50 during Wednesday's pre-market session. The market ...
DXC Technology Extends its Leading Service Management and Security Operations Capabilities with Acquisition of Syscom
20 Aug, 2019
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Zillow Group Inc (Z) was identified as having a larger market cap than the smaller end of the S&P 500, for example Tripadvisor Inc (TRIP), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..
In 2000 Steve Kaufer was appointed CEO of TripAdvisor, Inc. (NASDAQ:TRIP). First, this article will compare CEO...
A Relative Strength Rating upgrade for Expedia shows improving technical performance.
19 Aug, 2019
See how revenue, free cash flow, and active customers jumped in the company's fiscal 2019.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
As demand for the flagship iPhone continues to stagnate, other products are picking up the slack.
16 Aug, 2019
Veeva Systems, Paycom Software and HubSpot, leaders from the No. 1 software sector, are near buy points. Zscaler and Atlassian are near highs.
18:06
Seeking Alpha
Total wearables shipments jumped 38% to 7.7 million.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR S&P Kensho New Economies Composite ETF (KOMP), we found that the implied analyst target price for the ETF based upon its underlying holdings is $38.63 per unit.
MDT All Cap Core Fund has performed well in recent years, using an automated decision process.
A Relative Strength Rating upgrade for Expedia shows improving technical performance. Will it continue?
01:00
FinancialContent
Shares look cheap by some valuation metrics, but looks can be deceiving.
00:01
Seeking Alpha
15 Aug, 2019
Is the stock market pricing in a recession? If so, we could see 40% to 50% drops by the true market leaders. That hasn't happened yet, save Banco Macro.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in ServiceNow Inc (NOW), where a total volume of 8,688 contracts has been traded thus far today, a contract volume which is representative of approximately 868,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.9% of NOW's average daily trading volume over the past month, of 2.0 million shares..
SmarTrend identified a Downtrend for Tripadvisor Inc (NASDAQ:TRIP) on February 26th, 2019 at $52.92. In approximately 6 months, Tripadvisor Inc has returned 26.98% as of today's recent price of...
Shares of the plant-based meat substitute were sliding again, though there was little news out on the company. Here are some possible explanations.
Upgrades For Bausch Health Companies Inc (NYSE: BHC), TD Securities upgraded the stock from Hold to Buy. In the second quarter, ...
Gainers Pivotal Software, Inc. (NYSE: PVTL) stock increased by 72.6% to $14.34 during Thursday's pre-market session. The ...
11:50
FinancialContent
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares S&P 500 Growth ETF (IVW), we found that the implied analyst target price for the ETF based upon its underlying holdings is $198.58 per unit.
14 Aug, 2019
A market downturn is a bad time to be missing earnings.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100..
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Atlassian Corp PLC (TEAM), where a total of 8,965 contracts have traded so far, representing approximately 896,500 underlying shares. That amounts to about 57.6% of TEAM's average daily trading volume over the past month of 1.6 million shares..
At Holdings Channel, we have reviewed the latest batch of the 79 most recent 13F filings for the 06/30/2019 reporting period, and noticed that ServiceNow Inc (NOW) was held by 18 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
* USTR still imposing tariffs on TVs, smart speakers on Sept 1
13 Aug, 2019
Alphabet Inc's Google unit, Facebook Inc and Amazon.com Inc are among the companies that will testify Monday at a U.S. government hearing on the French government's digital services tax.
* USTR still imposing tariffs on TVs, smart speakers on Sept 1
Internet stocks are outperforming the broader market, SunTrust Robinson Humphrey said in a review of second-quarter earnings ...
Apple Inc's AirPods, Apple Watch and HomePod, which have helped the company offset waning sales of its bestselling iPhone this year, are not included in a temporary reprieve on tariffs by the Trump administration and will face a 10% levy on Sept 1.
President Donald Trump on Tuesday backed off his plan to impose 10% tariffs on remaining Chinese imports on Sept. 1, delaying duties on cellphones, laptops and many other consumer goods in the hopes of blunting their impact on U.S. holiday sales.
The fitness-bracelet and smartwatch maker stumbles after a mixed quarter, but there are some encouraging signs in the ruins.
18:07
Seeking Alpha
The Dow Jones held a solid gain in afternoon trading, helped by positive developments in the China trade war. Apple, Intel and Caterpillar led the way.