Apple put an iPhone in everybody's pocket — now its growth depends on putting devices all over our bodies
* Stories are summarized by an A.I.
* Stocks or companies mentioned: AAPL, UA, Angang Steel Company, GOOG, AMZN, BYND, PG, BABA, AMD, and Dynatrace Holdings
Apple put an iPhone in everybody's pocket — now its growth depends on putting devices all over our bodies
AAPL (Apple Inc.) | CNBC
Apple is often referred to as the "iPhone company," because that's the product that's driven the majority of Apple's sales for years. But that streak broke when Apple reported earnings on Tuesday — instead, Apple's biggest product only accounted for 48% of total sales, and iPhone sales were actually down 12% from last year. The main product category picking up the slack? What Apple calls "wearables" — the category including Apple Watch, AirPods wireless earbuds, and Beats headphones. Apple CEO Tim Cook called it a "blowout quarter" for its wearables product category and said there was "phenomenal demand" for the $159 AirPods.
Read More
Here's Why Under Armour Stock Is Getting Crushed Today
UA (Under Armour Inc. Class C) | The Motley Fool
Shares of Under Armour (NYSE:UA)(NYSE:UAA) were down 13.7% and 12.5%, respectively, at 12:28 p.m. EDT on Tuesday, following the release of the company's second-quarter results this morning. In short, results in North America likely played some role. Moreover, the company's operating margins worsened sequentially in every geographical segment, driving a $105 million operating loss after generating $35 million in operating income in the first quarter. Yet management didn't carry its weak results in North America over to full-year guidance. For long-term investors, sure, the weakness in North America should be concerning.
Read More
China steel firms lagging on carbon compliance: study
000898 (Angang Steel Company Ltd) | Reuters
The findings suggest that mills in China, the world’s biggest steel producer, have been able to secure price advantages as a result of their slower shift to low-carbon production, but they will be more exposed to rising costs under a carbon trading scheme.
Read More
Chrome 76 blocks Flash by default and stops websites detecting Incognito Mode
GOOG (Alphabet Inc.) | Tech Radar
Chrome 76 has been released today on all platforms, and it’s brought with it a number of security patches, bug fixes and handy features to help with your browsing. The most notable change for most users will be how Google is choosing to handle any Flash Player content that’s still lingering around the web. While the move to kill off Adobe’s archaic format has been in the works for a few years , Chrome will now officially block Flash by default. Outside of these two major improvements, Chrome 76 implements a total of 43 security fixes, offers a variety of minor tweaks, and a host of developer-facing improvements – the full rundown of which can be found here . Chrome 76 is currently rolling out for Windows, Mac, Linux, iOS and Android.
Read More
Amazon owns nearly half the public-cloud market
AMZN (Amazon.com Inc.) | Market Watch
Amazon.com Inc. continues to dominate the market for basic computing resources that companies access online, largely by outspending its rivals on data centers and other physical resources, corporate tech executives and industry analysts say.
Read More
Beyond Meat's mixed results send stock plunging—Here's what 7 experts think lies ahead
BYND (Beyond Meat, Inc.) | CNBC
On Monday, the alternative meat company reported mixed earnings results and announced a secondary offering only three months after its IPO. "Yeah, so this is a stock right now, you're looking at plant-based foods, where the penetration is 0.25%. So, what you really have to do is think big picture, think out 20, 30. And I think that's what the market is currently underwriting right now. So they're continuing to invest in technology and innovation, and I think they're going to continue to be able to meet the increase in demand."
Read More
Procter & Gamble writes down Gillette business but remains confident in its future
PG (Procter & Gamble Company (The)) | CNBC
Despite Procter & Gamble's write-down of its struggling Gillette brand, executives expressed confidence about the future of the shaving business. "Grooming continues to be a very attractive business — organic sales up year-over-year," CFO Jon Moeller told analysts on the conference call. Last year, Gillette sold $6.22 billion of men's razors and blades and $1.28 billion of women's razors and blades worldwide, according to Euromonitor data. Gillette held a 52.8% market share of men's razors and blades in the U.S. last year, according to Euromonitor. Its direct-to-consumer online business for Gillette remains small but is growing.
Read More
Why Asia’s Banking Hubs Are Making Virtual a Reality
BABA (Alibaba Group Holding Limited) | The Washington Post
Now Asia’s financial hubs, Hong Kong and Singapore, are getting ready to hop on the bandwagon, issuing licenses for new entrants. Taiwan joined in as well, approving in July the creation of three virtual banks. How do virtual banks work? The new entrants in Hong Kong have yet to announce what their specific offerings will be. An analysis by Bloomberg Intelligence found the eight new entrants may reach a combined profit of 7% of HSBC’s in Hong Kong in five years’ time.
Read More
All hopes for AMD now rest on the holiday season
AMD (Advanced Micro Devices Inc.) | Market Watch
AMD’s forecast pushes out that rebound, which is counting on its newest versions of chips for PCs, servers and data centers to provide a big boost in the fourth quarter. Related: Microsoft is killing it in all businesses except for one Executives told analysts on the company’s conference call that they expect full-year revenue to grow 20%, minus its semicustom business, where the videogame-console sales lie.
Read More
Dynatrace Holdings IPO: What Investors Need to Know
Dynatrace Holdings | The Motley Fool
Its most popular product, Dynatrace Software Intelligence Platform, is a cloud-based solution. As of the end of March, 1,364 of these clients were users of Dynatrace Software Intelligence Platform. As of the close of its fiscal 2019 (which ended March 31), that figure had jumped to 81%. The growth rate of subscription revenue over that period was an impressive 50%. The company seems to be experiencing some growing pains, though, so perhaps revenue growth will advance in the later stages of the transformation.
Read More
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* Stocks or companies mentioned: AAPL, UA, Angang Steel Company, GOOG, AMZN, BYND, PG, BABA, AMD, and Dynatrace Holdings
Apple put an iPhone in everybody's pocket — now its growth depends on putting devices all over our bodies
AAPL (Apple Inc.) | CNBC
Apple is often referred to as the "iPhone company," because that's the product that's driven the majority of Apple's sales for years. But that streak broke when Apple reported earnings on Tuesday — instead, Apple's biggest product only accounted for 48% of total sales, and iPhone sales were actually down 12% from last year. The main product category picking up the slack? What Apple calls "wearables" — the category including Apple Watch, AirPods wireless earbuds, and Beats headphones. Apple CEO Tim Cook called it a "blowout quarter" for its wearables product category and said there was "phenomenal demand" for the $159 AirPods.
Read More
Here's Why Under Armour Stock Is Getting Crushed Today
UA (Under Armour Inc. Class C) | The Motley Fool
Shares of Under Armour (NYSE:UA)(NYSE:UAA) were down 13.7% and 12.5%, respectively, at 12:28 p.m. EDT on Tuesday, following the release of the company's second-quarter results this morning. In short, results in North America likely played some role. Moreover, the company's operating margins worsened sequentially in every geographical segment, driving a $105 million operating loss after generating $35 million in operating income in the first quarter. Yet management didn't carry its weak results in North America over to full-year guidance. For long-term investors, sure, the weakness in North America should be concerning.
Read More
China steel firms lagging on carbon compliance: study
000898 (Angang Steel Company Ltd) | Reuters
The findings suggest that mills in China, the world’s biggest steel producer, have been able to secure price advantages as a result of their slower shift to low-carbon production, but they will be more exposed to rising costs under a carbon trading scheme.
Read More
Chrome 76 blocks Flash by default and stops websites detecting Incognito Mode
GOOG (Alphabet Inc.) | Tech Radar
Chrome 76 has been released today on all platforms, and it’s brought with it a number of security patches, bug fixes and handy features to help with your browsing. The most notable change for most users will be how Google is choosing to handle any Flash Player content that’s still lingering around the web. While the move to kill off Adobe’s archaic format has been in the works for a few years , Chrome will now officially block Flash by default. Outside of these two major improvements, Chrome 76 implements a total of 43 security fixes, offers a variety of minor tweaks, and a host of developer-facing improvements – the full rundown of which can be found here . Chrome 76 is currently rolling out for Windows, Mac, Linux, iOS and Android.
Read More
Amazon owns nearly half the public-cloud market
AMZN (Amazon.com Inc.) | Market Watch
Amazon.com Inc. continues to dominate the market for basic computing resources that companies access online, largely by outspending its rivals on data centers and other physical resources, corporate tech executives and industry analysts say.
Read More
Beyond Meat's mixed results send stock plunging—Here's what 7 experts think lies ahead
BYND (Beyond Meat, Inc.) | CNBC
On Monday, the alternative meat company reported mixed earnings results and announced a secondary offering only three months after its IPO. "Yeah, so this is a stock right now, you're looking at plant-based foods, where the penetration is 0.25%. So, what you really have to do is think big picture, think out 20, 30. And I think that's what the market is currently underwriting right now. So they're continuing to invest in technology and innovation, and I think they're going to continue to be able to meet the increase in demand."
Read More
Procter & Gamble writes down Gillette business but remains confident in its future
PG (Procter & Gamble Company (The)) | CNBC
Despite Procter & Gamble's write-down of its struggling Gillette brand, executives expressed confidence about the future of the shaving business. "Grooming continues to be a very attractive business — organic sales up year-over-year," CFO Jon Moeller told analysts on the conference call. Last year, Gillette sold $6.22 billion of men's razors and blades and $1.28 billion of women's razors and blades worldwide, according to Euromonitor data. Gillette held a 52.8% market share of men's razors and blades in the U.S. last year, according to Euromonitor. Its direct-to-consumer online business for Gillette remains small but is growing.
Read More
Why Asia’s Banking Hubs Are Making Virtual a Reality
BABA (Alibaba Group Holding Limited) | The Washington Post
Now Asia’s financial hubs, Hong Kong and Singapore, are getting ready to hop on the bandwagon, issuing licenses for new entrants. Taiwan joined in as well, approving in July the creation of three virtual banks. How do virtual banks work? The new entrants in Hong Kong have yet to announce what their specific offerings will be. An analysis by Bloomberg Intelligence found the eight new entrants may reach a combined profit of 7% of HSBC’s in Hong Kong in five years’ time.
Read More
All hopes for AMD now rest on the holiday season
AMD (Advanced Micro Devices Inc.) | Market Watch
AMD’s forecast pushes out that rebound, which is counting on its newest versions of chips for PCs, servers and data centers to provide a big boost in the fourth quarter. Related: Microsoft is killing it in all businesses except for one Executives told analysts on the company’s conference call that they expect full-year revenue to grow 20%, minus its semicustom business, where the videogame-console sales lie.
Read More
Dynatrace Holdings IPO: What Investors Need to Know
Dynatrace Holdings | The Motley Fool
Its most popular product, Dynatrace Software Intelligence Platform, is a cloud-based solution. As of the end of March, 1,364 of these clients were users of Dynatrace Software Intelligence Platform. As of the close of its fiscal 2019 (which ended March 31), that figure had jumped to 81%. The growth rate of subscription revenue over that period was an impressive 50%. The company seems to be experiencing some growing pains, though, so perhaps revenue growth will advance in the later stages of the transformation.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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