Apple shares are on the path to rising above a $3 trillion valuation this session. CFRA Research Senior Equity Analyst Angelo Zino joins Yahoo Finance Live to break down several product catalysts pushing the stock higher...
Continue ReadingA handful of top technology companies have been responsible for most of the S&P 500's gains this year. This month, 417 S&P 500 companies are trading higher, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. Tech is still leading the way, with 26% of the S&P 500's 4.8% June gain coming from the information technology sector...
Continue ReadingApple has been in the spotlight as its stock runs higher and gets close to hitting a $3 trillion market capitalization. ON Semiconductor, Align Technology, and several other stocks aren’t a part of the “big seven” tech giants, but are still outpacing Apple ‘s shares this year. Apple stock (ticker: AAPL) has been on a tear this year, surging 45% over the last six months...
Continue ReadingApple’s Vision Pro is the most significant effort yet in Silicon Valley’s long running quest for augmented reality headsets. If it flops, the budding AR industry and the broader metaverse championed by Mark Zuckerberg and others could enter a devastating “winter.”...
Continue ReadingInvestors currently holding Apple should consider trimming their stakes. Click here for my take on AAPL stock and its prospects...
Continue ReadingU.S. stocks are mixed on Thursday after large banks passed the Federal Reserve’s annual stress tests. At 11:01 ET (15:01 GMT), the Dow Jones Industrial Average was down 14 points or 0.1%, while the S&P 500 was down 0.2% and the NASDAQ Composite was up 0.5%. All 23 banks tested passed the hypothetical stress scenario the Fed tested this year, which included unemployment spiking to 10% and a severe erosion in commercial real estate values...
Continue ReadingApple has rallied investors this year, but it's not too late to profit from its promising outlook...
Continue ReadingApple will on Friday seek to fend off a revised EU antitrust charge and possible hefty fine linked to claims it prevents music streaming companies such as Spotify from informing users of other buying options outside its App Store. The iPhone maker will set out its arguments to senior European Commission officials and their peers at national competition agencies at a closed hearing in Brussels. EU antitrust enforcers earlier this year boosted their case against the company's so-called anti-steering obligations, but dropped an earlier charge against Apple's requirement that developers use its in-app payment system...
Continue ReadingApple inches toward $3 trillion market value, Buffett’s Berkshire Increases Occidental Stake to 25%, and other news to start your day...
Continue ReadingTaiwan Semiconductor Manufacturing (NYSE: TSM) is the undisputed leader of the semiconductor foundry industry. The company's market share in terms of revenue reached 59% in the first quarter of 2023, according to Counterpoint Research, dwarfing all competitors. Second-place Samsung (NYSEMKT: SSNLF) managed a market share of just 13%, and that includes internal revenue...
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