In an interview on CNBC’s Fast Money, Gene Munster, Managing Director at Piper Jaffray, discussed Apple Inc. (NASDAQ:AAPL) and why investors are excited about the stock. Piper Jaffray rates Apple Inc as ‘Overweight’ with a price target of $105. According to the investment expert, Apple Inc. (NASDAQ:AAPL) is benefiting from the excitement among investors about the company’s product category. He believes that the stock is likely to head higher because of various positives in the company, which are increasingly becoming clear to investors. “Investors are not only getting excited about the product category, but also getting more comfortable owning Apple…
Author: Neha Gupta
The biggest retailers led by the likes of Wal-Mart Stores, Inc. (NYSE:WMT), Target Corporation (NYSE:TGT) and J.C. Penney Company, Inc. (NYSE:JCP) are gearing up for another busy second half awaiting to see the impact of the two biggest events that shape this period. The two biggest spending events are still ahead expected to offer a much needed offset to the below-par performance experienced in the first half of the year. First half sales for J.C. Penney Company, Inc. (NYSE:JCP), Target Corporation (NYSE:TGT) and Wal-Mart Stores, Inc. (NYSE:WMT) significantly felt the impact of the harsh weather conditions in the months of…
The S&P had a decent showing in the first half of the year improving by 6%, but its performance could have been better, had the financial segment performed better. Big financial companies led by the likes of Morgan Stanley (NYSE:MS), JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co (NYSE:WFC) faced mounting challenges and litigation crisis in the first half of the year. Banks earnings are expected to improve in the second half of the year at the back of the improving U.S economy. The economy continues to achieve improvements in the right direction seen by more jobs creation…
Marriott International Inc (NASDAQ:MAR) reached a deal to add Atlantis Resort to its hotel portfolio, and the company’s CEO and President, Arne Sorenson, was on CNBC’s Newsmaker to discuss the development. Mr. Sorenson stated that the deal has been in the works for six months, although they have been looking at Atlantis for many years. He believes that the business is a jewel in the Caribbean “Atlantis is well known, many of us have been there and experienced this incredible hotel including water parks and other things.” Reward program Mr. Sorenson told CNBC that Marriott International Inc (NASDAQ:MAR) has reward programs…
In the Bloomberg show ‘Market Makers,’ anchor Matt Miller discussed with Joe Tigay, who is the Investment Adviser Representative for the Stutland Volatility Group, on the trading activity and volatility in the recently introduced options of GoPro Inc (NASDAQ:GPRO). “[…] the volatility is just crazy, the projections of growth are all over the place, so there is really no way to know exactly what is going on. I am not sure or so on, however I can tell you on Friday, the cost of carry which is the price to be short the stock was 10% a month which is…
Google Inc (NASDAQ:GOOGL) and Amazon.com, Inc. (NASDAQ:AMZN) came into focus on CNBC’s Squawk Alley where experts delved into the opportunities and challenges of the technology companies in same-day groceries delivery. Experts Slava Rubin, the CEO and co-founder of Indiegogo, and Jon Steinberg, the CEO Daily Mail North America, weighed in on the matter of the two giant technology companies in the groceries war. Google Inc (NASDAQ:GOOGL) is planning to stop Amazon.com, Inc. (NASDAQ:AMZN) from dominating grocery delivery business and according to Mr. Steinberg, the search engine company has the competitive edge to achieve its desires in the business. He also noted…
In a discussion with Personal Capital CEO’s Bill Harris on Bloomberg Surveillance, have been addressed various market developments especially the fundamental changes happening in the technology industry. The discussion especially focused on the developments seen in companies like Zillow Inc (NASDAQ:Z), Twitter Inc (NYSE:TWTR), Google Inc (NASDAQ:GOOGL). Mr. Harris noted widespread adoption in the technology industry as markets become mainstream. “ What is different is we have got adoption throughout the entire company – throughout the entire country and throughout the world, so the markets are mainstream” said Mr. Harris. The discussion on Zillow Inc (NASDAQ:Z) addressed the valuation of the…
Last week was an important week in the market as employment and unemployment numbers released showed significant improvement in the U.S Economy on the fact that unemployment levels slipped to 6.1%. This week, focus shifts to companies second quarter earnings especially Alcoa Inc. (NYSE:AA) with many analysts waiting to see whether earnings will build on the momentum set by the employment and unemployment numbers. Expectations are already high for the second quarter results not only for Alcoa, but other companies as well, according to Bloomberg’s Joe Ciolli. “People are expecting big things and frankly if companies don’t match the expectations we…
The Battle of supremacy between in the smartphone industry continues to near fever pitch taking into consideration recent remarks made by Apple Inc. (NASDAQ:AAPL) CEO Tim Cook, on the Unveiling of iOS 8. Samsung Electronics has already thrown the first jab by announcing that its new phone Tizen Phone, will run on a new operating software Tizen and not the traditional Android OS. Samsung is the biggest maker of Android phones of which the announcement of its own OS looks set to have an impact on the market share controlled by Google Inc. (NASDAQ:GOOG)’s Android. Even before the dust settled Apple…
Apple Inc. (NASDAQ:AAPL)’s CEO Tim Cook threw a punch on Google Inc. (NASDAQ:GOOG) at the recently held software developer’s conference claiming that many people were leaving Android for iOS but failed to address cost issues that continue to make Google products more attractive. Google’s Android commands an 80% market share because it is extremely cheap and well distributed through partnerships with the likes of Samsung. Apple Inc. (NASDAQ:AAPL) is currently fighting two battles both on the hardware side against Samsung and on the Software front against Google Inc. (NASDAQ:GOOG). Many app developers first develop their apps on iOS but later…
Alcoa Inc. (NYSE:AA) stock has received a major boost in the market after the publisher of the Gartman Letter, Dennis Gartman, emphasized his belief on the company posting better earnings for the current quarter in an interview on CNBC news. Mr. Gartman remains bullish on Alcoa numbers that he expects to be positive. Contrary to the fact that the company did not do so well same quarter last year, Gartman considers all is set to change this year. “Last year they lost money, this quarter this year, they are going to make quite a good deal of money,” said Mr.…
Hublot’s chairman, Jean-Claude Biver, is not a happy man according to an interview on CNBC business news where he claimed that Apple Inc. (NASDAQ:AAPL) has been stealing his firm’s best talents for some time. Mr. Biver said that Apple is poaching Hublot’s employees to work on its forthcoming iWatch. The chairman claims that Apple Inc. (NASDAQ:AAPL) has already attracted on its side the sales director of Tag Heuer, a subsidiary owned by LVMH, after agreeing on a contract with the giant phone maker. However, he said that he was not that heartbroken considering the circumstances that some of the employees had departed. Apple…