In today’s Get Real morning newsletter, we discussed Apple’s reconciliation, Roku’s potential surge, and AT&T’s confidence. Plus, Tesla could cross the $500 threshold in 2020.
Apple and Imagination Tech’s reconciliation
Recently, Apple (AAPL) inked a licensing deal with Imagination Technologies Group after parting ways in 2017. Apple’s increased focus on customizable chips and restoring relationships has set the company on a good path for 2020.
Tencent’s 10% stake in Universal Music
A wide range of China’s streaming entertainment is rising. Tencent Holdings has been the biggest beneficiary. Tencent announced that it would purchase a 10% stake in Universal Music Group to expand its music streaming business.
Top-performing stocks for 2020
Overall, tech stocks were the top performers in 2019. We have an investor’s guide to the top-performing stocks for 2020. The stocks include Quanta Services and Visa.
December’s manufacturing PMI
Yesterday, IHS Markit released December’s manufacturing PMI, which suggested growth in the US manufacturing sector’s health. However, the business confidence levels didn’t improve with production growth and new businesses.
Analysts lean towards Chevron over ExxonMobil
Chevron (CVX) and ExxonMobil (XOM), along with other giant oil companies, weren’t strong 2019. So far, analysts’ ratings show a preference to Chevron over ExxonMobil due to Chevron’s robust financials.
What to watch for
Roku’s potential short-term surge
During 2019, Roku shares saw a steep rise despite declining in December after a downgrade from Morgan Stanley. Currently, the options market sentiment is bullish on Roku. There could be a rise soon.
Is there a limited upside for Ford?
Yesterday, Evercore ISI downgraded Ford stock. The automaker’s valuation premium over General Motors and reportedly limited upside potential contributed to the downgrade.
Canaccord analyst is optimistic about Tesla stock
What’s waiting for AT&T in 2020?
Analysts expect AT&T’s (T) sales and revenue to rise in 2020 along with its adjusted EPS. AT&T seems confident about its upcoming streaming service. Recently, the company expanded its 5G network service.