The Berkshire Hathaway Portfolio

Nasdaq is 'moving faster than any train we've ever seen before': veteran strategist

The Nasdaq is like "a train that is moving faster than any train we've ever seen before,” says one veteran strategist.

LinkedIn sued over allegation it secretly reads Apple users' clipboard content

According to Apple's website, Universal Clipboard allows users to copy text, images, photos, and videos on one Apple device and then paste the content onto another Apple device. According to the lawsuit filed in San Francisco federal court by Adam Bauer, LinkedIn reads the Clipboard information without notifying the user.

Dow Jones Rallies Despite Possible 737 Max Order Cancellation for Boeing, Dismal Bank Earnings Expected Next Week

American Airlines threatened to cancel 737 Max orders, and an analyst expects bank earnings to fall dramatically in the second quarter.

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  Report: American Airlines Considering Cancelling Some 737 Max Orders

  Motley Fool
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  Boeing in scramble to shore up 737 MAX financing - sources

  Reuters

Exclusive: Apple supplier Foxconn to invest $1 billion in India, sources say

Foxconn <2317.TW> plans to invest up to $1 billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple <AAPL.O> iPhones, two sources said. The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple away from China as it navigates disruptions from a trade war between Beijing and Washington and the coronavirus crisis. "There's a strong request from Apple to its clients to move part of the iPhone production out of China," one of the sources with direct knowledge of the matter told Reuters.

Exclusive - Apple supplier Foxconn to invest $1 billion in India: sources

Foxconn plans to invest up to $1 billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple iPhones, two sources said. The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple away from China as it navigates disruptions from a trade war between Beijing and Washington and the coronavirus crisis. "There's a strong request from Apple to its clients to move part of the iPhone production out of China," one of the sources with direct knowledge of the matter told Reuters.

Why Apple (AAPL) Could Beat Earnings Estimates Again

Apple (AAPL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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  Earnings Estimates Moving Higher for Louisiana-Pacific (LPX): Time to Buy?

  Zacks
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  Surging Earnings Estimates Signal Upside for D.R. Horton (DHI) Stock

  Zacks

United Strikes Deal With Pilots on Buyouts, Early Retirements

United Airlines Holdings (NASDAQ: UAL) late Thursday reached a tentative agreement with its pilots union for voluntary furloughs and early retirement offers, part of the airline's effort to limit layoffs this fall as the industry adjusts schedules based on falling demand. The airline is hopeful not to need to cut that many people, but carriers are planning for significant layoffs in the months to come as COVID-19 continues to slow travel. Prohibitions on layoffs included in the CARES Act expire on Sept. 30, and the industry is expected to make significant cuts after that date.

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  United Airlines warns 45% of staff face furlough

  Thomson Reuters
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  Coronavirus: United Airlines to furlough up to 36,000 staff

  BBC

The Zacks Analyst Blog Highlights: Amazon, Walmart, Big Lots, Kroger, Costco and Shopify

The Zacks Analyst Blog Highlights: Amazon, Walmart, Big Lots, Kroger, Costco and Shopify

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  Amazon Prime Video will soon have the content, but it needs a better home

  Engadget
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  Walmart+ nears launch date

  KTNV Channel 13 Las Vegas

The Zacks Analyst Blog Highlights: Apple, Microsoft, TMobile US, Goldman Sachs and Cigna

The Zacks Analyst Blog Highlights: Apple, Microsoft, TMobile US, Goldman Sachs and Cigna

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  The Zacks Analyst Blog Highlights: Twitter, Highwoods Properties, Cousins Properties, City Office REIT and Corporate Office Properties Trust

  Zacks
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  The Zacks Analyst Blog Highlights: Walmart, BHP, International Business Machines, Costco Wholesale and Morgan Stanley

  Zacks

Trading, Mortgage Banking to Aid JPMorgan (JPM) Q2 Earnings

A substantial rise in trading & refinancing activities, and solid underwriting business are likely to reflect on JPMorgan's (JPM) Q2 results. Lower rates and a rise in credit cost may have been woes.

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  Low Rates to Mar Wells Fargo's (WFC) Q2 Earnings Amid Crisis

  Zacks
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  Why Big Bank Stocks Plunged 30% in the First Half of 2020

  Motley Fool

Apple (AAPL) to Support Thunderbolt on Future ARM-Based Macs

Apple (AAPL) set to support Intel's Thunderbolt USB-C connectivity standard on new Apple silicon computers, despite the lack of Intel processors.

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  Apple Reassures On Intel’s Thunderbolt Despite Chip Departure

  SmarterAnalyst
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  Intel details its USB4-compliant Thunderbolt 4 standard

  Engadget

Wells Fargo (WFC) Prepares to Cut Jobs Amid Coronavirus Woes

With an aim of improving profitability and operating efficiency, Wells Fargo (WFC) is likely to cut jobs starting later this year.

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  Low Rates to Mar Wells Fargo's (WFC) Q2 Earnings Amid Crisis

  Zacks
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  Why Big Bank Stocks Plunged 30% in the First Half of 2020

  Motley Fool

Low Rates to Mar Wells Fargo's (WFC) Q2 Earnings Amid Crisis

Amid the coronavirus-induced economic crisis, lower interest rates are expected to have negatively impacted Wells Fargo's (WFC) interest income in the second quarter of 2020.

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  Why Big Bank Stocks Plunged 30% in the First Half of 2020

  Motley Fool
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  Trading, Mortgage Banking to Aid JPMorgan (JPM) Q2 Earnings

  Zacks

How Much Will Wells Fargo Cut Its Dividend in the Third Quarter?

The bank announced it would cut its cash payout following the Fed's decision to cap dividends. Now the question is: By how much?

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  Low Rates to Mar Wells Fargo's (WFC) Q2 Earnings Amid Crisis

  Zacks
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  Why Big Bank Stocks Plunged 30% in the First Half of 2020

  Motley Fool

Apple releases tools to help grade school to college educators teach coding to students

Apple has released a new set of tools for educators that will help them teach students from grade school to college how to code. In response to the demand for computer science instructors in the US increasing at all grade levels, Apple has announced a handful of new tools for educators to help them teach coding to students and also gain expertise in the practice. In addition to these academic offerings, the company also said that it is releasing "resources for educators and parents to help ensure they have the tools they need to help students learn and grow from anywhere."

3 Growth-Focused MedTech Stocks to Buy Amid Coronavirus Crisis

Once the pandemic-led crisis is over, these MedTech growth-focused stocks will flourish on a number of positive developments.

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  3 Affordable MedTech Growth Stocks to Buy Amid Market Unrest

  Zacks
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  3 GARP MedTech Stocks to Beat Pandemic-Led Market Volatility

  Zacks

Why These 'Top 10' Bank Stocks Have Fallen More Than 30% in 2020

Many bank stocks, including some of the largest U.S. banks by asset value, lost more than 30% of their value during the first half of 2020. During that time, Truist's shares were down by 33.3%, PNC's share price fell 34.1%, and U.S. Bancorp's shares tumbled 37.9%, according to data provided by S&P Global Market Intelligence.

Quicken Loans Files for IPO, Will Change Name to Rocket Companies

In a move that confirms market speculation, the largest mortgage lender in the U.S. is preparing to hit the stock exchange. Quicken Loans has filed to launch an initial public offering (IPO). In addition to making its debut on the public markets, the company will also undergo a name change to Rocket Companies.

Nasdaq Refuses to Lose as Costco Sales Soar; Amazon Settles for New Record High

2020 has been a tale of two markets, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has definitely been the big winner. Both the Composite index and the Nasdaq 100 Index reached new highs, climbing around 0.5% and 1%, respectively, even as other market benchmarks fell. Meanwhile, Amazon.com (NASDAQ: AMZN) raced to new record heights, and while some are concerned about the nearly uninterrupted ascent for the tech giant, there are solid reasons why Amazon is doing as well as it is.

Did Hedge Funds Make The Right Call On Synchrony Financial (SYF) ?

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]

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  Were Hedge Funds Right About Still Being Bullish On Clear Channel Outdoor Holdings (CCO)?

  Insider Monkey
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  Did Hedge Funds Make The Right Call On The New York Times Company (NYT) ?

  Insider Monkey

Has Apple Surged Too Far, Too Fast? Analyst Weighs In

With the market getting extra frothy, it is legitimate to wonder whether we are in the midst of a bubble. Despite the growing disconnect between Wall Street and Main Street, the surge has been almost relentless since the coronavirus inflicted meltdown in March. Tech stocks, in particular, have outperformed, including the world’ largest company by market cap – Apple (AAPL).It has become increasingly hard to keep up, as Apple has repeatedly notched new all-time highs recently. In a research note to clients, Deutsche Bank analyst Jeriel Ong ponders this exact issue.“AAPL's prior pre-COVID peak was ~$325 back in Feb-20,” Ong noted, “and we can't say that the fundamentals behind the stock for 2021 and beyond are ~15% better than the pre-COVID era as the present difference in all-time highs today vs. back then suggests.”Additionally, aside from “the speed and magnitude of the rebound,” going forward, Ong says, Apple’s surge is at risk of being derailed due to several possible elements. These include a contracting economy with high unemployment rates and less spending from “smaller wallets,” a second COVID-19 wave which will result in stores closing again and the risk of delays to the anticipated iPhone 12 launch.So, with these concerns laid out, is now the time for investors to step aside and come back after Apple has cooled off?Uh-uh. Looking ahead, the pluses outweigh the minuses.Ong explained, “Long-term, we see investors building more confidence in 4 drivers of the stock (iPhone, AirPods, Services, and GM mix shift) as the market continues to stabilize. Simply put, while we see the risks outlined above and perhaps negative catalysts on the horizon (maybe a weak 4Q guide as a result of a delayed next-gen iPhone launch?) ultimately we continue to believe the reward/positive catalysts outweigh the risks, at least at this point in time.”Therefore, Ong keeps his Buy rating intact, and somewhat surprisingly given the concerns, increases the price target. The figure moves up from $380 to $400. (To watch Ong’s track record, click here)Among the analyst fraternity, Apple remains a firm favorite. AAPL's Strong Buy consensus rating is backed by 1 Sell, 6 Holds and a resounding 26 Buys. However, the Street expects shares to decline by 8%, should the $355.52 average price target be met over the following months. (See Apple stock-price forecast on TipRanks)To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. More recent articles from Smarter Analyst: * Aurora Cannabis (ACB): Transformation on Track * 3 “Strong Buy” Penny Stocks That Could See Outsized Gains * Amazon Is Said To Offer $100M In Stock Awards To Keep Zoox Talent * Walgreens Reports $1.7B Quarterly Loss, Cuts 4,000 Jobs Due To Covid-19 Impact

Is United Airlines Stock a Buy Right Now? This Is What You Need To Know

The airline industry has been hit hard by COVID-19. Border closures and shelter in place measures brought the industry to a standstill during the virus’ initial wave, as air traffic was grounded across the globe.Whether the pandemic has peaked or not, United Airlines (UAL) upcoming flight schedule acknowledges normality is still a way off. Air travel volume remains weak and currently United’s cash burn rate amounts to roughly $40 million a week. As a result, United has issued warnings that almost half of its workforce might be furloughed in the fall.Further keeping air travel rates down are recent measures by New York, New Jersey, and Connecticut which require any travelers from states with COVID-19 test rates above 10% to self-quarantine for two weeks. The measures have resulted in a slew of discount offers from United.However, recent United data shows the promise of low prices is not enough to entice the public while the risk of quarantine still looms. As a result, United’s August schedule is expected to drop by 65% compared to last year’s capacity. This is lower than the expected 60% drop United were anticipating only a week ago.Still, the latest figures are an improvement on June and July’s numbers, which were down year-over-year by 88% and 75%, respectively. United have said the rest of 2020’s schedule will probably resemble that of August’s.What this means to Deutsche Bank analyst Michael Linenberg, is that more uncertainty lies ahead.The 5-star analyst said, “The bottom line is that, although we believe the industry is exhibiting signs of a nascent recovery, investors should be prepared for an unpredictable (and at times erratic) rate of improvement until either the federal government coordinates interstate quarantines and/or an effective therapeutic/vaccine becomes widely available.”Nevertheless, Linenberg keeps a Buy rating on UAL, along with a $54 price target. The implication for investors? Potential upside of a hefty 65%. (To watch Linenberg’s track record, click here)Overall, Wall Street almost evenly split between the bulls and those choosing to play it safe. Based on 13 analysts tracked in the last 3 months, 6 rate UAL a Buy, 6 say Hold, while only 1 recommends Sell. Notably, the 12-month average price target stands at $42.82, marking a nearly 31% in return potential for the stock. In other words, even the analysts that are hedging their bets have some healthy optimism reflected in expectations.(See UAL stock-price forecast on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

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  United Airlines Delivers 'Gut Punch' To Staff, Plans To Lay Off Half Its Workers

  Benzinga
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  United Airlines could face major layoffs

  vs FOX 4 Now Florida Videos