Tesla was one of the few stocks in positive territory today after investors actually believed an internal email from Musk saying “Based on current trends, we have a good chance of exceeding the record 90,700 deliveries of Q4 last year and making this the highest deliveries/sales quarter in Tesla history!” This after the stock took … Continue reading Tesla on the Rise
No end in sight for the U.S.-China trade war means volatility for the markets. Tech stocks are leading the way down... Qualcomm continues to fall, nothing new has come out since yesterday but it seems the market is starting to digest all this information. They were suffering from the Huawei blacklist to begin with, then … Continue reading Trade War Continues
This coming from U.S. District Judge Lucy Koh. She sided with the Federal Trade Commission(FTC) who said Qualcomm used it's dominant position in the CDMA and LTE modem chip market to squeeze rivals out of contracts and force mobile phone makers to pay more for its patents. The FTC filed the lawsuit in 2017, accusing … Continue reading Qualcomm Violated Antitrust Law
Trade disputes and related issues have yet to shake the dominance of U.S. stocks in world markets. Comparing the performance of the Vanguard Total Stock Market and Total International Stock Index exchange-traded funds shows as much. The ratio between the ETFs slid just 0.3% Monday after setting a record Friday and more than doubling since … Continue reading Staying Home
Although said to be coincidental, the timing of the Huawei blacklist has put added pressure on China during the escalating trade war. The U.S. Commerce Department opened a relief valve announcing Monday it had granted a 90-day license for mobile phone companies and internet broadband providers to work with Huawei to keep existing networks online … Continue reading Huawei at the Center of Trade Issues
The U.S. markets dropped today as the blacklist of Huawei and 26 of its affiliates went into effect on Friday. I thought we knew this already... The big pain for Huawei has got to start with Alphabet halting most of it's relations. Huawei counts on Alphabet to supply it's operating system for it's phones. Huawei … Continue reading Huawei Blacklisted
Pinterest is down big this morning after issuing weaker than expected guidance on future revenue. The company expects 2019 revenue of $1.055 billion to $1.080 billion. The estimates were for $1.09 billion. They did beat on current revenue, but I guess missed on earnings... they reported a loss of $0.33 per share on revenue of … Continue reading PINS and NVDAs…. and Applied Materials
Amazon is leading a $575 million funding round for Deliveroo, a British based food delivery company. The company allows users to order food deliveries from nearby restaurants using an app. The company operates in over two hundred cities in the UK, Netherlands, Australia, Singapore, Hong Kong as well as other parts of Europe. Amazon UK Country … Continue reading Amazon Delves Deeper Into Food Delivery
Cisco Systems reported 3rd Quarter April 2019 earnings of $0.78 per share on revenue of $13.0 billion. The consensus earnings estimate was $0.77 per share on revenue of $12.9 billion. Revenue grew 4.0% on a year-over-year basis. Cisco expects fourth quarter earnings of $0.80 to $0.82 per share on revenue of $13.42 billion to $13.68 … Continue reading Cisco Beats
President Donald Trump signed an executive order barring US companies from using telecoms gear from sources deemed national security threats. This action comes at the same time Chinese telecoms giant Huawei was added to the Entity List of companies thought to be undermining American interests. US companies may need a license to continue supplying Huawei … Continue reading Huawei Targetted
