Apple Inc. (NASDAQ:AAPL) signaled that the wait for new products could finally end with the unveiling of new products such as iPhone 6 and iWatch this fall. RBC Capital Markets managing director Amit Daryanani, expects the unveiling of a new product to occur sometime in September. Daryanani in an interview on CNBC also noted a change in the company’s third quarter guidance, which will not be flat this time around. Apple Inc. (NASDAQ:AAPL) expects its September sales to be up by 3% in contrast to the previous years where it provided a flat estimate, according to Daryanani. He said: “The…
Author: Neha Gupta
There are currently around twenty-three stocks in S&P 500-technology sector that are near to their dot-com bubble peaks. CNBC’s Dominic Chu gives insight on four of the stocks namely FLIR Systems, Inc. (NASDAQ:FLIR), Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT) and Oracle Corporation (NYSE:ORCL), which are among those having a better value than during the dot-com boom in 2000. Chu started with FLIR Systems, Inc. (NASDAQ:FLIR), which is into thermal imaging and sensors and is up by over 2,500% since March 2000. The shares of the company were at $1.23 in March of 2000 and are now trading at $34. “The…
“Now is the time that investors should come in and buy this thing,” are the thoughts of Rosenblatt Securities’ Brian Blair about Apple Inc. (NASDAQ:AAPL) as he told CNBC during an interview. He explained: “If you look at the last five years of Apple product announcements in the fall, the stock does that about 95 percent of the time. It runs up, and it often sells off actually after the products are seen. So there’s no risk coming right now … very low risk.” Another factor which is boosting Blair’s confidence is Apple Inc.’s (NASDAQ:AAPL) stock split that has now…
After Apple Inc. (NASDAQ:AAPL) declared its much awaited third-quarter results, the Street was anxious to know as to when they would get the first glimpse of iPhone 6. During an interview on CNBC’s “Fast Money,” Gene Munster, Piper Jaffray Managing Director, tried to interpret the expected iPhone 6 launch and more about the earnings. First of all, Munster appeared pleased and contented with Apple Inc.’s (NASDAQ:AAPL) gross margins, which according to him was a bigger takeaway. He explained that iPhone as a percentage of revenue went from 57% to 52%, which is not a big gap, but still drove the…
Chipotle Mexican Grill, Inc. (NYSE:CMG) and McDonald’s Corporation (NYSE:MCD) according to ‘Mad Money’ analyst Jim Cramer on CNBC are statement stocks that portray what people want to eat and what investors want to buy. McDonalds, according to Cramer, posted second-quarter results that were dismal seen by the fact that its stock consequently sunk in the market. Customers around the world have been rebelling against McDonald’s Corporation (NYSE:MCD) cheap non-organic foods which they claim are not healthy. “Today McDonald’s put up some numbers that quite frankly were dismal, and they caused the stock to drop a buck twenty-eight on a very…
Apple Inc.’s (NASDAQ:AAPL) second-quarter performance goes without saying, was impressive, according to Al Frank Asset Management CIO John Buckingham taking into consideration the company generated $7.7 billion in cash flow. The company has also been returning maximum value to its shareholders in the past through dividends and stock buybacks, a trend that should continue with bolstered cash flow. The credit markets have also been in favor of Apple Inc. (NASDAQ:AAPL), seen by the fact that the company is in a position to borrow at low-interest rates. “You’ve got to give this company some props for generating substantial cash flow and…
According to Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella, the key to its cloud and productivity lies in its struggling Surface tablet as the software giant is working hard to create a tablet that could displace the giants like Apple Inc. (NASDAQ:AAPL), Samsung Electronics and Amazon.com, Inc. (NASDAQ:AMZN) from their current market position. In order to take a complete view of what Microsoft Corporation (NASDAQ:MSFT) is up to, Bloomberg took a tour of the company’s secretive Surface labs. A look at the Surface labs reveals that Microsoft Corporation (NASDAQ:MSFT)’s original design greatly varies from its usual business. Panos Panay, VP of…
Apple Inc.’s (NASDAQ:AAPL) iPhone launch will be the biggest ever, as Bloomberg reports that the company has instructed suppliers to produce between 70 million and 80 million devices. The Phones will also receive an upgrade in terms of screen sizes coming in at 4.7 inches and 5.5 inches diagonally. According to Bloomberg’s Scarlet Fu, “Apple iPhone launch this fall will be its biggest ever in more ways than one. The screens will be larger, 4.7 and 5.5 inches, according to the Wall Street Journal. Apple is asking Suppliers for up to 80 million phones that will be the company’s biggest…
The biggest throwback in the tech world has to be the resurrection of the thirty-five-year-old Sony Corp (ADR) (NYSE:SNE) Walkman which is reportedly doing extremely well in the Japanese markets having launched sometime last year. According to CNBC’s Kaori Enjoji, this is a high-resolution audio file device that Sony has been pushing for several months. It goes without saying that the device is extremely expensive as it costs $700 without carrying out any downloads on Sony’s other businesses. Enjoji said: “This is only a throwback in name because we are talking about high res-audio. Sony has been pushing this product…
Facebook Inc. (NASDAQ:FB) and Twitter Inc. (NYSE:TWTR) have added a new public figure in their ranks in the person of former U.S. Secretary of State Hilary Clinton who is using the platforms to popularize her book heading into the next general election. It is not the first time, according to Cory Johnson on Bloomberg, that public figures planning to run for office are using Facebook and Twitter to air out their agendas to the public especially to the young generation. “It is a common stop for people particularly democrats raising money getting ready to run for office, and there is…
In a discussion with CNBC’s On-Air Editor Jon Fortt, Jon Steinberg, who is the CEO of Daily Mail for North America, speaks on the earnings release of tech stocks like Netflix, Inc. (NASDAQ:NFLX) and Apple Inc. (NASDAQ:AAPL). Speaking on the recent high that the Netflix, Inc. (NASDAQ:NFLX) stock has taken, Steinberg said that Netflix can be compared to cable networks like HBO and eventually according to him all cable companies can be seen becoming data companies. He explained: “So I don’t think it’s a question of whether or not Netflix is special or not or more or less special than…
Tesco PLC (ADR) (OTCMKTS:TSCDY) has drawn the line and has resorted to replacing its Chief Executive Officer, Philip Clarke, after reporting first-half sales that fell short of estimates, marking the epitome of a series of setbacks since he took the helm three years ago. People have been speculating that it was time for the company to bring a new person to the helm as a way of averting any further decline. A new perspective was essentially needed in the company to kick start a new beginning according Kantar Retail’s, Bryan Robert’s, in an interview on CNBC news. Tesco PLC (ADR)…