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 (FB - Free Report) , 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 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
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