Goldman Sachs raised its price target on Apple after spending most of the note to clients discussing how its services business growth may fall short. “Apple App Store data from Sensor Tower suggests a material slowdown in May and June revenues after a spike in activity in March and April driven by Greater China,” begins … Read more
J.P. Morgan Chase posted earnings that exceeded analysts’ expectations, aided by an income tax benefit that boosted results by $768 million. The bank on Tuesday posted record second-quarter profit of $9.65 billion, 16% higher than a year earlier, or $2.82 a share, beating the $2.50 estimate of analysts surveyed by Refinitiv. The company’s revenue also edged … Read more
Jeff Brown’s Timed Stocks Summit – Claim Your FREE Spot Here Amazon is still a great buy today. But if you’d invested just $1,000 during its initial public offering, you’d be sitting on $1.2 million today. That’s the power of investing in early-stage tech companies. Yet everyday investors are typically locked out of investing in … Read more
France’s Senate approved a tax on the revenues of tech giants like Google, Amazon and Facebook on Thursday, defying a warning from the President Donald Trump administration that it “unfairly targets American companies.” On Wednesday, Trump ordered an investigation into France’s planned “digital tax” on tech companies. The proposed 3% tax would apply to the … Read more
By Jody Chudley, Financial Analyst Some opportunities are just too obvious to pass up. On January 10th we e-mailed you and pounded the table on the commodity sector. Why? Because we believed that there was conclusive evidence that the entire sector was unbelievably cheap. To support that fact, we demonstrated how the Goldman Sachs Commodity Index … Read more
Government policy uncertainty and a poor earnings outlook will keep the stock market from rallying any further this year, according to Goldman Sachs. Low interest rates have boosted U.S. equity valuations this year, bringing the S&P 500 to record highs, and investors are hoping long-term yields dropping even more will lead to even higher stock … Read more
Overseas investors have continued to buy Chinese shares even though tensions between the U.S. and China have at times threatened market sentiment, according to the president of UBS Securities. Stocks in Shanghai and Shenzhen rose on Monday after U.S. President Donald Trump and Chinese President Xi Jinping agreed at the G-20 summit in Japan to … Read more
Walgreens – Walgreens reported adjusted quarterly profit of $1.47 per share, 4 cents a share above estimates. Revenue was above Street forecasts as well. Walgreens said it rebounded from a difficult prior quarter with improvements in both retail sales and prescription growth. Accenture – The consulting firm earned $1.93 per share for its fiscal third … Read more
AbbVie said on Tuesday it would buy Botox-maker Allergan in a cash-and-stock deal for about $63 billion to add fast-growing therapeutic businesses such as medical aesthetics and eye care. Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each share held, for a total consideration of $188.24 per Allergan share, a premium … Read more
By Jody Chudley, Financial Analyst We’re 10 years removed from the Global Financial Crisis… Yet one sector of the stock market is still reeling from the fallout. I’m talking about the big banks. Just look at the valuations of the largest financial institutions relative to the rest of the market. The current valuation of the … Read more