Sanmit Amin joined Market Realist in 2014. He currently writes about technology stocks.
Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
Chinese tech giant Tencent (TCEHY) posted better-than-expected Q2 earnings. Its revenue growth accelerated in Q2 due to a rebound in its gaming segment.
Apple’s (AAPL) iPhone has seen its average selling price spike since it launched the iPhone X two years ago due to the higher costs of its OLED screens.
Despite the trade war and the inverted yield curve, the S&P 500 Index is down 1.8% this month. Its resiliency reflects the US consumer sector’s strength.
During the market’s recent volatile phase, tech stocks have lagged. Since July 26, the S&P 500 Index is down 3.8% and the Nasdaq Composite is down 4.2%.
Apple (AAPL) announced today that its Apple Card is available to US customers today. This month, AAPL tested the card with a limited group of consumers.
Today, President Trump tweeted that he wants the Fed to cut the federal funds rate by “at least 100 basis points.” The Fed rates by 25 basis points in July.
The major bright spot in Apple’s (AAPL) recent earnings was the growth in its “Wearables, Home and Accessories” division—but don’t overlook Apple Watch.
Goldman Sachs (GS) is entering the consumer finance space as the bank behind the upcoming Apple Card. But is this a smart move for the investment bank?
Tuesday’s stock market respite was short-lived. The S&P 500 Index fell 2.1% today after the yield curve inverted, an indicator of an impending recession.
Apple’s iPhone users haven’t been able to use Spotify via Siri. However, that may change as the companies are reportedly in talks to allow that capability.
Microsoft (MSFT) stock is up 37.6% YTD, with a market cap over $1.05 trillion. The tech giant has been the most valuable public company for most of 2019.
Dish Network stock (DISH) surged nearly 4% on Thursday after chairman Charlie Ergen announced that he bought around half a million shares for $15.7 million.
Facebook (FB) has made a few changes to Instagram and WhatsApp by adding its own brand name alongside the apps acquired in 2012 and 2014, respectively.
After four straight quarters of deceleration, Facebook’s revenue accelerated during the second quarter. It made $16.9 billion in revenue in the quarter.
Chinese Internet giant Baidu (BIDU) was one of the Nasdaq Composite Index’s biggest drivers on Tuesday, June 25. The stock fell over 3% after it fell by a whopping 34% in May. The company’s growth has struggled due to increasing competition from local rivals like Byte Dance.
Netflix’s (NFLX) stock saw a massive ~40% spike in its stock in the first couple of weeks this year, as it recovered from a poor run in late 2018. However, the stock has pretty much treaded water since. The stock has not moved much since January as investors have been wondering whether upcoming stiff competition from media conglomerates and Apple will chip away at Netflix’s domestic subscribers.
e-Commerce giant Amazon (AMZN) has been gradually ramping up the benefits under its Prime membership, which costs $119 annually in the US. The company had a record 36-hour Prime Day last July. The tech giant is now preparing for a marathon 48-hour Prime Day this July.
Adobe’s (ADBE) stock rallied recently after reporting another stellar quarter. The stock reached its all-time high of $304.0 on June 17. However, the stock fell by over 4% on Tuesday as investors booked profit. The stock is up 30% year-to-date.
The Apple Watch has been incredibly popular consumer device. The advanced health features in the Apple Watch Series 4 have given it an advantage over the other smartwatches out there.
Apple (AAPL) and Spotify (SPOT) have locked horns in an antitrust battle in Europe. Earlier this year, Spotify filed a complaint against the iPhone maker with the European Commission about what’s been dubbed the “Apple tax” and the restrictive rules regarding its iOS App Store.
Apple (AAPL) has been granted yet another patent. This time, it’s related to the integration of a camera into its Apple Watch. Apple wants to enmesh a camera somewhere in the band of its Apple Watch instead of on its screen.
Apple’s (AAPL) iPhone shipments seem to have shrunk dramatically in the last couple of quarters. The main factors behind the shrinking shipments are consumers’ balking at sky-high iPhone prices and customers’ hanging onto their phones for longer than they used to.
It looks like Snapchat (SNAP) has got its mojo back. After three quarters of flat-to-negative user growth, the company added two million daily active users during the first quarter, and it may have added some in the second quarter as well.
In a letter to US trade representative Robert Lightizer yesterday, Apple (AAPL) wrote that tariffs on Apple’s goods would impact its contribution to the US economy.
The tech-heavy NASDAQ Composite has continued to rebound. The index rose for a fourth consecutive session yesterday, rising 0.4% in three hours to breach the 8,000 mark.
Despite its size, Facebook (FB) continues to add more users than any other social media app. According to the latest report by SensorTower, Facebook saw the highest number of global downloads in May across both the Google Play Store and the iOS App Store.
Chinese tech giant Tencent (TCEHY) has seen its gaming revenue, a critical portion of its total revenue, slow dramatically in recent quarters due to the freezing of gaming licenses by Chinese authorities.
Netflix (NFLX) has just disclosed the viewership details of yet another piece of its original content. The video streaming giant’s Murder Mystery, which stars Adam Sandler and Jennifer Aniston, has broken records.
Facebook (FB) announced its cryptocurrency, Libra, on June 18. Unlike Bitcoin, Facebook’s Libra is a “stablecoin,” which means that it’s pegged to a basket of fiat currencies and securities. The social media giant is likely to launch Libra in the first half of 2020.
The US-China trade war has already given a scare to Apple’s (AAPL) investors vis-à-vis the possibility of a 25% tariff on Apple goods being imported from its Chinese facilities. As a result, Apple might be considering shifting its plants out of China.
Just days after FedEx announced it will no longer offer air cargo services to Amazon (AMZN), the e-commerce giant announced yesterday that it is expanding its own fleet of airplanes.
Apple’s (AAPL) iPhone shipments have been hit badly in the last two quarters due to various factors, from sky-high prices putting off consumers to longer upgrade cycles. Here’s what it’s doing to address the slowdown.
Sirius XM’s (SIRI) Pandora had a good year. SensorTower reports Pandora was the second-highest-grossing non-game app in the US in May, trailing dating app Tinder.
Twitter (TWTR) stock fell 3% on June 13 after MoffettNathanson analyst Michael Nathanson reiterated his “sell” rating on the stock. The analyst lowered his price target from $28 to $25. Twitter is currently trading at $36.2 per share.
Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.
Chewy is growing at a fast clip despite stiff competition from the likes of General Mills and Amazon. Chewy generated $3.5 billion in revenue last year, growing a robust 68% YoY. Unfortunately, like most high-profile companies that have gone public this year, the company is deep in the red.
Spotify (SPOT) is serious about podcasts. Earlier this week, it launched a new playlist in the US dubbed “Your Weekly Drive,” which features a mix of music and news podcasts.
Chinese e-commerce giant Alibaba (BABA) has filed paperwork confidentially for its Hong Kong listing, according to a report by Bloomberg. The company’s listing in Hong Kong would be its second after it raised a record $25 billion through its New York listing in 2014.
Apple (AAPL) stock has been one of the hardest hit due to the re-ignition of the trade war between the US and China last month. The US doubled tariffs on $200 billion worth of Chinese goods it had previously levied a tariff on. A trade deal now looks unlikely.
Apple seemed to be lagging behind the likes of Samsung and Huawei in the race for 5G supremacy earlier this year, as its legal battle with Qualcomm, one of the leaders in the technology, may have caused Apple’s 5G plans to slow down. However, the surprising conclusion to that battle means that Apple may be back on track to deliver 5G compatible phones in 2020 or 2021.
Spotify (SPOT) said it will be spending $500 million on podcasts this year. The company disclosed earlier this year that it already spent 358 million euros, or roughly $400 million, on acquiring three podcast companies.
Uber (UBER) posted a net loss of $1 billion in the first quarter of 2019 alone. One of the factors driving its cost is that a good chunk of its revenue goes to drivers. The company aims to eventually reduce this cost and head to profitability.
