Spotify slips after not adding as many paid subscribers as hoped
* Stories are summarized by an A.I.
* Stocks or companies mentioned: SPOT, Impossible Foods, PFE, AMZN, FB, EFX, QCOM, AAPL, AMD, and HEXO
Spotify slips after not adding as many paid subscribers as hoped
SPOT (Spotify Technology S.A.) | AOL
Spotify reported second-quarter earnings Wednesday that beat on revenue but missed analyst expectations for subscriber growth. The streaming service said that premium subscribers grew 30% from a year earlier, but the now-108 million subscribers fell slightly short of analyst expectations. Monthly active users also grew 29% year over year, but fell short of analyst expectations for the company. Analysts, however, expected that the streaming service would end the second quarter with 242 million monthly active users. When Apple announced that it would fund its own podcasts exclusive to its audio service, Spotify fell 3%.
Read More
Beyond Meat competitor Impossible Foods receives FDA approval
Impossible Foods Inc | Reuters
The U.S. Food and Drug Administration on Wednesday approved a key ingredient in plant-based burger patties made by Impossible Foods, a rival to Beyond Meat , clearing the way for direct-to-consumer sales at U.S. grocery stores.
Read More
The Age Of Biotech: Opportunities Grow For Healthcare Investors
PFE (Pfizer Inc.) | Seeking Alpha
We examine some of the major strides and breakthroughs in the Biotech sector, as well as recent market performance. The biotech sector was not immune from headlines, especially given the rapid price escalation of therapies for rare diseases. Nonetheless, the biotech sector had a raucous 2018, with stocks moving wildly, especially in the second half of the year. Celgene has been a prolific acquiror in the smaller cap biotech space, and this move led to a changing of the guards. We track these trends through the Novus Healthcare Specialists Portfolio, which includes public and private hybrid investors.
Read More
Amazon develops a new way to help Alexa answer complex questions
AMZN (Amazon.com Inc.) | Tech Crunch
Amazon’s Alexa AI team had developed a new training method for the virtual assistant that could greatly improve its ability to handle tricky questions. In a blog post, team lead Abdalghani Abujabal details the new method, which combines both text-based search and a custom-built knowledge graph, two methods which normally compete. The system then grabs the top ten ranked pages and breaks them down into identified names and grammar units. This builds the ad-hoc knowledge graph, which they then asses to identify “cornerstones” within. Still, they think they can tweak their approach to be even better, which is good news for Alexa users hoping their smart speakers will be able to settle heated debates about advanced Trival Pursuit questions.
Read More
Facebook To Release New Streaming Device
FB (Facebook Inc) | PYMNTS
Facebook has reached out to Netflix, HBO, Hulu, Disney and Amazon about putting their services on a brand new streaming device the social media company is planning on releasing, according to reports. The product is going by the code name Catalina, with plans for a fall release. It will have a remote and emulate other streaming peripherals like the Apple TV or Roku. The product is going to use the same video-calling tech that Facebook uses for its Portal speaker, and the device is going to mostly be a way for Messenger and WhatsApp users to video chat with one another. In other Facebook product news, the company recently revealed that it’s making progress on developing its brain-reading computer.
Read More
Equifax promised up to $125 for the hack. Now the FTC says you’ll get ‘nowhere near’ that amount.
EFX (Equifax Inc.) | The Washington Post
The FTC on Wednesday, July 31, 2019, told consumers affected by the Equifax data breach that they are unlikely to get the full $125 cash payment that many sought. (Mike Stewart, File)The fine print on the settlement for the Equifax hack ensured that it would not be simple. [An Equifax hack settlement promises a $125 payout. “Because the total amount available for these alternative payments is $31 million, each person who takes the money option is going to get a very small amount." Why offer $125 per claim and set aside only $31 million?
Read More
Qualcomm (QCOM) Q3 Earnings and Revenues Top Estimates
QCOM (QUALCOMM Incorporated) | Nasdaq
Qualcomm (QCOM) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.76 per share. Qualcomm, which belongs to the Zacks Wireless Equipment industry, posted revenues of $9.64 billion for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 88.48%. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Qualcomm was unfavorable.
Read More
Apple and Fitbit numbers show smartwatches turning into a winner-take-all market
AAPL (Apple Inc.) | CNBC
On Tuesday's earnings call, Apple CEO Tim Cook commended his company for sticking with wearables "when others perhaps didn't." A day later, Fitbit CEO James Park struck a very different tone, telling investors in a press release that "we are disappointed to lower guidance for the year." Apple shares climbed 2.6% on Wednesday, closing at their highest mark this year. Revenue in Apple's services business, which includes the App Stores, Apple Care, Apple Pay, iCloud and Apple Music, increased 13% to $11.46 billion in the quarter.
Read More
AMD CEO Su 'Very Pleased' With Q2 Report, Says 'People Are Still Getting To Know AMD'
AMD (Advanced Micro Devices Inc.) | Benzinga
The Street's reaction to Advanced Micro Devices, Inc. (NASDAQ: AMD) second-quarter report Tuesday was mixed: the stock traded lower by 8%, as investors were likely concerned with a poor outlook. CEO Dr. Lisa Su was a guest on CNBC's "Squawk on the Street" segment to discuss the results and outlook with Jim Cramer. The overall PC market is "good," and AMD performed "very, very well," the CEO said. From a standpoint of market share, I think we are still underrepresented in the market [and] I think people are still getting to know AMD and getting to know what we can offer to the market." The company is backed by other "strong products" it continues to ship to other Chinese customers, which adds confidence to the back half of 2019, she said.
Read More
HEXO (HEXO) Gains As Market Dips: What You Should Know
HEXO (HEXO Corp) | Nasdaq
HEXO (HEXO) closed at $4.26 in the latest trading session, marking a +1.43% move from the prior day. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. HEXO currently has a Zacks Rank of #3 (Hold). This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
Read More
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* Stocks or companies mentioned: SPOT, Impossible Foods, PFE, AMZN, FB, EFX, QCOM, AAPL, AMD, and HEXO
Spotify slips after not adding as many paid subscribers as hoped
SPOT (Spotify Technology S.A.) | AOL
Spotify reported second-quarter earnings Wednesday that beat on revenue but missed analyst expectations for subscriber growth. The streaming service said that premium subscribers grew 30% from a year earlier, but the now-108 million subscribers fell slightly short of analyst expectations. Monthly active users also grew 29% year over year, but fell short of analyst expectations for the company. Analysts, however, expected that the streaming service would end the second quarter with 242 million monthly active users. When Apple announced that it would fund its own podcasts exclusive to its audio service, Spotify fell 3%.
Read More
Beyond Meat competitor Impossible Foods receives FDA approval
Impossible Foods Inc | Reuters
The U.S. Food and Drug Administration on Wednesday approved a key ingredient in plant-based burger patties made by Impossible Foods, a rival to Beyond Meat , clearing the way for direct-to-consumer sales at U.S. grocery stores.
Read More
The Age Of Biotech: Opportunities Grow For Healthcare Investors
PFE (Pfizer Inc.) | Seeking Alpha
We examine some of the major strides and breakthroughs in the Biotech sector, as well as recent market performance. The biotech sector was not immune from headlines, especially given the rapid price escalation of therapies for rare diseases. Nonetheless, the biotech sector had a raucous 2018, with stocks moving wildly, especially in the second half of the year. Celgene has been a prolific acquiror in the smaller cap biotech space, and this move led to a changing of the guards. We track these trends through the Novus Healthcare Specialists Portfolio, which includes public and private hybrid investors.
Read More
Amazon develops a new way to help Alexa answer complex questions
AMZN (Amazon.com Inc.) | Tech Crunch
Amazon’s Alexa AI team had developed a new training method for the virtual assistant that could greatly improve its ability to handle tricky questions. In a blog post, team lead Abdalghani Abujabal details the new method, which combines both text-based search and a custom-built knowledge graph, two methods which normally compete. The system then grabs the top ten ranked pages and breaks them down into identified names and grammar units. This builds the ad-hoc knowledge graph, which they then asses to identify “cornerstones” within. Still, they think they can tweak their approach to be even better, which is good news for Alexa users hoping their smart speakers will be able to settle heated debates about advanced Trival Pursuit questions.
Read More
Facebook To Release New Streaming Device
FB (Facebook Inc) | PYMNTS
Facebook has reached out to Netflix, HBO, Hulu, Disney and Amazon about putting their services on a brand new streaming device the social media company is planning on releasing, according to reports. The product is going by the code name Catalina, with plans for a fall release. It will have a remote and emulate other streaming peripherals like the Apple TV or Roku. The product is going to use the same video-calling tech that Facebook uses for its Portal speaker, and the device is going to mostly be a way for Messenger and WhatsApp users to video chat with one another. In other Facebook product news, the company recently revealed that it’s making progress on developing its brain-reading computer.
Read More
Equifax promised up to $125 for the hack. Now the FTC says you’ll get ‘nowhere near’ that amount.
EFX (Equifax Inc.) | The Washington Post
The FTC on Wednesday, July 31, 2019, told consumers affected by the Equifax data breach that they are unlikely to get the full $125 cash payment that many sought. (Mike Stewart, File)The fine print on the settlement for the Equifax hack ensured that it would not be simple. [An Equifax hack settlement promises a $125 payout. “Because the total amount available for these alternative payments is $31 million, each person who takes the money option is going to get a very small amount." Why offer $125 per claim and set aside only $31 million?
Read More
Qualcomm (QCOM) Q3 Earnings and Revenues Top Estimates
QCOM (QUALCOMM Incorporated) | Nasdaq
Qualcomm (QCOM) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.76 per share. Qualcomm, which belongs to the Zacks Wireless Equipment industry, posted revenues of $9.64 billion for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 88.48%. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Qualcomm was unfavorable.
Read More
Apple and Fitbit numbers show smartwatches turning into a winner-take-all market
AAPL (Apple Inc.) | CNBC
On Tuesday's earnings call, Apple CEO Tim Cook commended his company for sticking with wearables "when others perhaps didn't." A day later, Fitbit CEO James Park struck a very different tone, telling investors in a press release that "we are disappointed to lower guidance for the year." Apple shares climbed 2.6% on Wednesday, closing at their highest mark this year. Revenue in Apple's services business, which includes the App Stores, Apple Care, Apple Pay, iCloud and Apple Music, increased 13% to $11.46 billion in the quarter.
Read More
AMD CEO Su 'Very Pleased' With Q2 Report, Says 'People Are Still Getting To Know AMD'
AMD (Advanced Micro Devices Inc.) | Benzinga
The Street's reaction to Advanced Micro Devices, Inc. (NASDAQ: AMD) second-quarter report Tuesday was mixed: the stock traded lower by 8%, as investors were likely concerned with a poor outlook. CEO Dr. Lisa Su was a guest on CNBC's "Squawk on the Street" segment to discuss the results and outlook with Jim Cramer. The overall PC market is "good," and AMD performed "very, very well," the CEO said. From a standpoint of market share, I think we are still underrepresented in the market [and] I think people are still getting to know AMD and getting to know what we can offer to the market." The company is backed by other "strong products" it continues to ship to other Chinese customers, which adds confidence to the back half of 2019, she said.
Read More
HEXO (HEXO) Gains As Market Dips: What You Should Know
HEXO (HEXO Corp) | Nasdaq
HEXO (HEXO) closed at $4.26 in the latest trading session, marking a +1.43% move from the prior day. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. HEXO currently has a Zacks Rank of #3 (Hold). This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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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