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The Zacks Analyst Blog Highlights: Apple, Facebook, Google, Amazon and Spotify
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For Immediate Release
Chicago, IL – October 4, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Apple (AAPL - Free Report) , Facebook , Google (GOOGL - Free Report) , Amazon (AMZN - Free Report) and Spotify (SPOT - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Apple (AAPL - Free Report) Remains a Buy at New All-Time High
Apple shares jumped Wednesday to touch yet another new high. Aside from buzz surrounding its new iPhones and its updated Apple Watch, Apple stock looks like a buy even as its stock price continues to climb.
Overview & Recent News
Apple has bet that consumers want larger phones, geared toward entertainment and media, and that they will be willing to pay as much as $1,449 for these devices. Yet Apple knows it must stand out in different ways.
CEO Tim Cook recently tried to distinguish Apple from some of its tech giant counterparts. Without naming them, Cook took a shot at the likes of Facebook and Google for their handling of user data. “The narrative that some companies will try to get you to believe is: 'I've got to take all of your data to make my service better.' Well, don't believe them,” Cook toldVice News Tuesday.
Cook went on to say that Apple “collect as little data as possible” and said he views privacy as "one of the most important issues of the 21st century." Plus, as Google, Facebook, and Amazon face increased scrutiny, Apple’s chief executive noted that “some level of government regulation is important” to help make sure tech companies create products that are "great for society."
Apple’s CEO did not mention any of these companies by name, nor does it seem like he wishes anything bad on his peers. But clearly Apple is making the case that it stands out as pro-privacy with the issue likely to gain steam. Wednesday also marks the first day that Apple officially requires every entity that utilizes its App Store to have a privacy policy.
Looking Ahead
Apple’s privacy push might seem trivial, but it could help prevent the tech powerhouse from facing massive government scrutiny or intervention. Along with its privacy focus, Apple has expanded beyond the device that helped it become the first publicly listed U.S. company to reach $1 trillion in market value.
The iPhone will remain Apple’s single largest money maker for the foreseeable future, but the company’s Services unit, made up of AppleCare, Apple Pay, and Apple Music, has grown. Last quarter this key division’s revenues jumped 31% to $9.548 billion. Apple Music has quickly become a legitimate Spotify rival—especially in the U.S.
Investors should be pleased as the fintech industry and the streaming music market look poised to expand. Plus, Apple’s less-talked-about “Other Products” unit, which features AirPods, Apple TV, Apple Watch, Beats products, and HomePod, also climbed 37% to reach $3.74 billion. And Apple’s plan to enter the streaming TV market could prove to be a game-changer for the company
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Apple, Facebook, Google, Amazon and Spotify
For Immediate Release
Chicago, IL – October 4, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Apple (AAPL - Free Report) , Facebook , Google (GOOGL - Free Report) , Amazon (AMZN - Free Report) and Spotify (SPOT - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday’s Analyst Blog:
Apple (AAPL - Free Report) Remains a Buy at New All-Time High
Apple shares jumped Wednesday to touch yet another new high. Aside from buzz surrounding its new iPhones and its updated Apple Watch, Apple stock looks like a buy even as its stock price continues to climb.
Overview & Recent News
Apple has bet that consumers want larger phones, geared toward entertainment and media, and that they will be willing to pay as much as $1,449 for these devices. Yet Apple knows it must stand out in different ways.
CEO Tim Cook recently tried to distinguish Apple from some of its tech giant counterparts. Without naming them, Cook took a shot at the likes of Facebook and Google for their handling of user data. “The narrative that some companies will try to get you to believe is: 'I've got to take all of your data to make my service better.' Well, don't believe them,” Cook told Vice News Tuesday.
Cook went on to say that Apple “collect as little data as possible” and said he views privacy as "one of the most important issues of the 21st century." Plus, as Google, Facebook, and Amazon face increased scrutiny, Apple’s chief executive noted that “some level of government regulation is important” to help make sure tech companies create products that are "great for society."
Apple’s CEO did not mention any of these companies by name, nor does it seem like he wishes anything bad on his peers. But clearly Apple is making the case that it stands out as pro-privacy with the issue likely to gain steam. Wednesday also marks the first day that Apple officially requires every entity that utilizes its App Store to have a privacy policy.
Looking Ahead
Apple’s privacy push might seem trivial, but it could help prevent the tech powerhouse from facing massive government scrutiny or intervention. Along with its privacy focus, Apple has expanded beyond the device that helped it become the first publicly listed U.S. company to reach $1 trillion in market value.
The iPhone will remain Apple’s single largest money maker for the foreseeable future, but the company’s Services unit, made up of AppleCare, Apple Pay, and Apple Music, has grown. Last quarter this key division’s revenues jumped 31% to $9.548 billion. Apple Music has quickly become a legitimate Spotify rival—especially in the U.S.
Investors should be pleased as the fintech industry and the streaming music market look poised to expand. Plus, Apple’s less-talked-about “Other Products” unit, which features AirPods, Apple TV, Apple Watch, Beats products, and HomePod, also climbed 37% to reach $3.74 billion. And Apple’s plan to enter the streaming TV market could prove to be a game-changer for the company
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.