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The Zacks Analyst Blog Highlights: Apple, Facebook, Alphabet, Amazon.com and Netflix
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For Immediate Release
Chicago, IL – November 8, 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 Inc. (AAPL - Free Report) , Facebook, Inc. , Alphabet Inc. (GOOGL - Free Report) , Amazon.com Inc. (AMZN - Free Report) and Netflix Inc. (NFLX - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Apple to Stop Reporting iPhone Sales: What Awaits FAANG Stocks?
Apple Inc. recently announced that it won’t be reporting sales numbers for iPhone, iPad, Mac or any of its hardware products in its quarterly reports. Demand for iPhone has been slowing for some time now. In its fiscal fourth quarter, iPhone sales barely grew from a year earlier.
Understandably, the company now wants to project itself as more of a services business. That said, many market analysts believe that Apple’s decision is in a move to hide the pain of slowing iPhone demand. This has also been taking a toll of Apple’s shares. Also, the tech sector, particularly FAANG stocks, comprising Facebook, Inc., Alphabet Inc., Amazon.com Inc., Apple and Netflix Inc., has been suffering lately, taking a toll on markets.
Apple to Stop Reporting iPhone Sales Number
Last week, Apple on its earnings call announced that it would no longer report sales figures for iPhone, iPad, Mac and other hardware products in its quarterly reports. The announcement came alongside slowing iPhone unit sales. Apple said that in its fiscal fourth quarter, iPhone sales barely grew from the year-ago period, although the company launched a number of new devices.
The company sold 46.89 million iPhones during the quarter ended Sep 30. Following this, Apple’s shares slid 6.6% on Nov 2, marking its biggest single-day decline since January 2014. Naturally, Apple’s decision has raised questions in the mind of analysts. Slowing demand for iPhone has been a growing concern for Apple and many analysts believe that by no longer reporting iPhone sales figures, the company wants to hide the pain of slowing demand for iPhone.
Interestingly, Apple has time and again been praised for being one of the only tech companies to share sales numbers of its major products in each quarter. Apple this time said that reporting sales numbers in every quarter doesn’t present an appropriate picture of Apple’s performance.
However, slowing demand for iPhone hasn’t been hurting the company’s profits, as it has been hiking prices of its products. Apple posted revenues of $62.90 billion for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 2.29%. Also, Apple now wants to project itself as more of a services business. The company reported that revenues from services reached an all-time high of $10 billion, 17% higher than the year-ago period.
Tech Sector Continues to Suffer
Apple’s shares have taken a beating lately, with the situation worsening after the company gave a weak guidance and warned that sales for the all-important holiday quarter could likely miss expectations. Moreover, the decision to not report iPhone sales has further raised questions in the minds of analysts and investors.
However, tech stocks, particularly the FAANG group, have been one of the major drivers of the markets’ long rally. However, despite being the third-best performer on the S&P 500 index, tech stocks have had a rough 2018. And one of the major reasons behind this roller-coaster ride has been growing fears of trade war. Apple, Google, Netflix, Facebook and Amazon each carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Also, on Nov 5, Amazon’s shares tumbled after President Donald Trump said that the administration was looking into the antitrust violations committed by the company. Moreover, renewed concerns over user data privacy and security after breaches and vulnerabilities by the likes of Facebook and Google are also affecting tech companies. Facebook has been punished by investors time and again since it got embroiled in a data misuse scandal involving Cambridge Analytica.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think.
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, Alphabet, Amazon.com and Netflix
For Immediate Release
Chicago, IL – November 8, 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 Inc. (AAPL - Free Report) , Facebook, Inc. , Alphabet Inc. (GOOGL - Free Report) , Amazon.com Inc. (AMZN - Free Report) and Netflix Inc. (NFLX - 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 to Stop Reporting iPhone Sales: What Awaits FAANG Stocks?
Apple Inc. recently announced that it won’t be reporting sales numbers for iPhone, iPad, Mac or any of its hardware products in its quarterly reports. Demand for iPhone has been slowing for some time now. In its fiscal fourth quarter, iPhone sales barely grew from a year earlier.
Understandably, the company now wants to project itself as more of a services business. That said, many market analysts believe that Apple’s decision is in a move to hide the pain of slowing iPhone demand. This has also been taking a toll of Apple’s shares. Also, the tech sector, particularly FAANG stocks, comprising Facebook, Inc., Alphabet Inc., Amazon.com Inc., Apple and Netflix Inc., has been suffering lately, taking a toll on markets.
Apple to Stop Reporting iPhone Sales Number
Last week, Apple on its earnings call announced that it would no longer report sales figures for iPhone, iPad, Mac and other hardware products in its quarterly reports. The announcement came alongside slowing iPhone unit sales. Apple said that in its fiscal fourth quarter, iPhone sales barely grew from the year-ago period, although the company launched a number of new devices.
The company sold 46.89 million iPhones during the quarter ended Sep 30. Following this, Apple’s shares slid 6.6% on Nov 2, marking its biggest single-day decline since January 2014. Naturally, Apple’s decision has raised questions in the mind of analysts. Slowing demand for iPhone has been a growing concern for Apple and many analysts believe that by no longer reporting iPhone sales figures, the company wants to hide the pain of slowing demand for iPhone.
Interestingly, Apple has time and again been praised for being one of the only tech companies to share sales numbers of its major products in each quarter. Apple this time said that reporting sales numbers in every quarter doesn’t present an appropriate picture of Apple’s performance.
However, slowing demand for iPhone hasn’t been hurting the company’s profits, as it has been hiking prices of its products. Apple posted revenues of $62.90 billion for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 2.29%. Also, Apple now wants to project itself as more of a services business. The company reported that revenues from services reached an all-time high of $10 billion, 17% higher than the year-ago period.
Tech Sector Continues to Suffer
Apple’s shares have taken a beating lately, with the situation worsening after the company gave a weak guidance and warned that sales for the all-important holiday quarter could likely miss expectations. Moreover, the decision to not report iPhone sales has further raised questions in the minds of analysts and investors.
However, tech stocks, particularly the FAANG group, have been one of the major drivers of the markets’ long rally. However, despite being the third-best performer on the S&P 500 index, tech stocks have had a rough 2018. And one of the major reasons behind this roller-coaster ride has been growing fears of trade war. Apple, Google, Netflix, Facebook and Amazon each carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Also, on Nov 5, Amazon’s shares tumbled after President Donald Trump said that the administration was looking into the antitrust violations committed by the company. Moreover, renewed concerns over user data privacy and security after breaches and vulnerabilities by the likes of Facebook and Google are also affecting tech companies. Facebook has been punished by investors time and again since it got embroiled in a data misuse scandal involving Cambridge Analytica.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think.
See This Ticker Free >>
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.