6.68k followers • 30 symbols Watchlist by Yahoo Finance
Follow this list to discover and track stocks that have set MACD bullish crosses within the last week. A bullish crossover occurs when the MACD turns up and crosses above the signal line. Our algorithms use 12,26,9 as MACD parameters. This list is generated daily and ranked based on market cap. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
The Procter & Gamble Company
Taiwan Semiconductor Manufacturing Company Limited
Bank of America Corporation
Bank of America Corporation
Wells Fargo & Company
Wells Fargo & Company
Merck & Co., Inc.
Thermo Fisher Scientific Inc.
China Mobile Limited
Costco Wholesale Corporation
Bristol-Myers Squibb Company
China Life Insurance Company Limited
Becton, Dickinson and Company
Equinix, Inc. (REIT)
Activision Blizzard, Inc.
Lam Research Corporation
Atlassian Corporation Plc
Baxter International Inc.
UBS Group AG
On this day, 244 years ago, all but one of the 13 United Colonies officially adopted the Declaration of Independence, thus declaring their collective right to govern without England calling the shots. If you have spare cash that won't be needed to pay bills or cover emergencies, then the following blend of growth and income stocks should be perfect to help you secure your financial freedom. The first top stock that'll put you on the path toward financial independence is e-commerce giant Amazon (NASDAQ: AMZN).
Salesforce.com (NYSE: CRM) finished the first six months of the year up 15%, according to data from S&P Global Market Intelligence, as the cloud software giant delivered solid results in the face of the global pandemic and rode a broader recovery wave in SaaS (software-as-a-service) stocks. Salesforce started out the year on a strong note as the company got a series of bullish analyst estimates projecting a strong year for the customer relationship management specialist. As the stock tumbled in March alongside the market crash, CEO Marc Benioff pledged not to lay off any employees for the next 90 days.
Amazon.com (NASDAQ: AMZN) and PayPal Holdings (NASDAQ: PYPL) have been crushing the market all year long, and both look like fantastic buys today -- with or without another game-changing health crisis. The smiling Amazon logo is virtually synonymous with "online retail," and the industry as a whole has been crushing traditional big-box stores and strip malls for a couple of decades. At the same time, Amazon's revenues rushed 26% higher.
P&G (PG) 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.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
A look at the shareholders of Merck & Co., Inc. (NYSE:MRK) can tell us which group is most powerful. Institutions...
Green vehicles are indeed striking the right chord with investors, as is evident from the meteoric share price increase of many EV makers.
Pfizer (PFE) releases promising early results from its COVID-19 vaccine study. Several new drug/line extensions get approval in the United States, EU and Japan.
Founder and CEO Jeff Bezos continues to run the company with the mindset that it is always Day 1. In his 2016 letter to shareholders, Bezos gave investors a glimpse into what Day 2 is -- stasis, followed by irrelevance, decline, and, ultimately, death.
The coronavirus outbreak drove the remote-working trend, forcing businesses to reset priorities and in turn boosting cloud stocks.
While Ford's (F) retail sales decline 14.3% in Q2, it records the best retail share of 13.3% in five years, driven by the Built for America campaign and a winning portfolio of pickups, vans and SUVs.
Despite production setbacks earlier this year as the electric car maker's factories temporarily closed due to the pandemic, it's back on track to meet its original goal for the year.
The March market crash created some amazing buying opportunities that many investors are likely kicking themselves for missing. Village Farms International (NASDAQ: VFF) fell as low as $2.07 during the March market crash, and the cannabis company's stock has more than doubled since hitting that low point. It may not reach that level again, but if the markets send Village Farms' stock down anywhere near that price, investors shouldn't hesitate to buy it.
(Bloomberg Opinion) -- The internet, once a freewheeling global network, is becoming balkanized into national spheres of influence. This could be bad for both cross-cultural communication and U.S. tech companies.China has long protected its local internet, censoring speech behind what has become known as the Great Firewall. The government blocks U.S.-based services such as Google, Facebook and Twitter, and closely monitors the local Chinese versions. Other authoritarian and quasi-authoritarian countries -- Iran, Turkey, Pakistan, Vietnam, Ethiopia – do the same. And Russia recently passed a so-called sovereign internet law that makes it much easier for the government to monitor and control online content.Now democracies may be joining in. India just banned 59 of China’s largest internet apps, including social video sharing service TikTok, reflecting rising tensions between the two giant Asian countries. It has also shut off internet to regions experiencing government crackdowns or unrest, such as Jammu and Kashmir in 2019. In Europe, major rules such as the General Data Protection Regulation are forcing internet companies to operate differently in different regions. Though this doesn’t officially ban or censor U.S.-based sites like Facebook, it does present an obstacle that could end up inhibiting the flow of information.This was probably inevitable. Different cultures perceive concepts such as privacy differently. And as U.S. global hegemony gives way to a more multipolar world, countries are going to assert their sovereignty by refusing to play by U.S. rules. Further unrest, like the protests that rocked the world in 2019 or tensions between countries such as China and India, are likely to accelerate the trend towards digital division.This could be tough on U.S. tech companies. Facebook, Twitter, Instagram and YouTube don’t owe their profitability to superior technology, other than some techniques for managing large amounts of user data. They make money because they have a lot of eyeballs to which they can deliver advertisements.And they have those eyeballs because of network effects. It’s easy to make a Twitter clone -- Gab tried it a while ago, and a new entrant called Parler is trying it now. But it’s incredibly hard to get people to switch, because the first people who make the jump will find themselves mostly alone, with everyone they know and want to read still back on Twitter. Similarly, people use Facebook, Instagram, Snapchat, and other social media services because everyone else does.Captive advertising targets translate into enormous profits. Facebook, Inc., which dominates the social media landscape, has a profit margin that typically ranges between 20% and 40%. Its market cap as of early July was about $647 billion, or 2.6% of the entire S&P 500.Regional balkanization, though, slices through network effects. If services like Facebook are banned in some countries and heavily restricted in others, users will have less company. Most people’s contacts and friends will tend to be in the same country, but not all. And outright bans will cut some services off entirely from huge markets like China, while restrictions like GDPR will force them to invest in expensive localization.This is an unfortunate side effect of nationalism and unrest. But it’s also reason to worry about a technology industry whose profitability stems mostly from network effects, not know-how. Actual innovations, like Intel Corporation’s semiconductor manufacturing processes, Amazon.com, Inc.’s cloud computing systems, or Google LLC’s machine learning algorithms give these companies some clout: if a country decides it doesn’t want to buy Intel’s chips, it will suffer a real economic penalty. But if a country decides to create its own Facebook clone, it will lose little, while Facebook’s American owners and workers will lose a lot.A free and open global internet may one day reemerge. In the meantime, U.S. companies and policy makers should think about how to invest in products whose value isn’t so subject to the whims of foreign authorities.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Noah Smith is a Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Zoom, one of the few success stories of the Covid-19 pandemic, now faces a new competitor in an app backed by Asia’s wealthiest person Mukesh Ambani.Ambani’s Reliance Industries Ltd., which has scored billions of dollars of investments from Facebook Inc. to Intel Corp. for its digital businesses, has launched the JioMeet video conferencing app after beta testing. The app has already garnered more than 100,000 downloads on the Google Play Store after becoming available Thursday evening.Like Google Meet, Microsoft Teams and other services, JioMeet offers unlimited high-definition calls -- but unlike Zoom, it doesn’t impose a 40-minute time limit. Calls can go on as long as 24 hours, and all meetings are encrypted and password-protected, the company said on the JioMeet website.The launch coincided with a nationwide ban on dozens of popular apps from Chinese technology giants including ByteDance Ltd.’s TikTok and Alibaba Group Holding Ltd.’s UC Web, on grounds they threatened security and data privacy. JioMeet went viral Friday on social media alongside the hashtag MadeinIndia.The app is one facet of Ambani’s rapidly expanding digital empire, which includes India’s largest telecom operator with nearly 400 million users. On Friday, Reliance announced Intel Capital has invested $253 million into Jio Platforms Ltd., a unit of Ambani’s oil-to-retail conglomerate. The U.S. chipmaker’s arm is the 11th investor in about as many weeks to announce its backing for the digital services platform, which has now raised about 1.2 trillion rupees ($15.7 billion).“JioMeet will be a very credible disruptor in the space,” said Utkarsh Sinha, managing director of boutique consultancy Bexley Advisors. “Just the fact that it has no time limits on calls makes it a serious challenger to Zoom, despite its entrenchment.”Jio Platforms is amassing a wide range of services from music streaming to online retail and payments, fast turning into an ecommerce juggernaut that can take on Alphabet Inc.’s Google and Amazon.com Inc on its own home turf. Like elsewhere, video conferencing apps have become lifelines for millions of Indians working in cramped homes during Covid-19 lockdowns.JioMeet is also debuting at a time Zoom users have accused the service of security flaws. It’s been accused of siding with China after deactivating accounts of pro-democracy activists in the U.S and Hong Kong, which it said was intended to comply with Chinese law.(Adds total investment in Jio in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg Opinion) -- Back when Tesla Inc. delivered 95,000 cars to customers during the spring quarter of 2019, the stock price was languishing at about $235 and Elon Musk’s electric car company was valued at “only” $40 billion. Fast forward a year and the shares are now priced at more than $1,200. With a market capitalization of $224 billion, Tesla has surpassed Toyota Motor Corp. as the world’s most valuable automaker.Yet in the second quarter of 2020, Tesla delivered 91,000 vehicles — about 5% fewer than the same period last year. That’s pretty underwhelming for a company whose fans view it as a fast-growing technology company in the mold of Amazon.com Inc., rather than a sluggish metal-bashing carmaker. So how is the massive recent jump in its market value justified?In fairness, it shows resilience to sell this many cars when the company’s main California plant was shut by the pandemic for much of the spring period. Doubtless, Tesla’s new Shanghai plant picked up the production slack, which suggests the expense and effort of getting that China factory up and running was worth it. The launch of Tesla’s new Model Y crossover vehicle will have helped. Ford Motor Co. and General Motors Co. both saw their U.S. deliveries decline by a third in the same quarter. Nevertheless, Tesla’s stock market acolytes pushed the shares up another 8% on Thursday, adding $16.5 billion to the market value. Such exuberance is hard to understand. Musk’s company sold 7,650 more vehicles than analysts expected during the second quarter, and the stock price jump equates to about $2 million of added shareholder value for each of those additional sales. This seems a little excessive given that a Tesla Model 3 sells for less than $40,000, and the profit margin on those cars is pretty slim. The shareholder reaction makes even less sense when you consider that Tesla investors aren’t really meant to buying the stock because of the company’s current sales, which are less than 4% of Volkswagen AG’s. Rather, the investment case is a long-term one: that it will come to occupy a dominant position in clean transport and energy in the years ahead. That explains why the shares trade at 320 times its analyst-estimated earnings this year. Viewed through this lens, Tesla’s ability to shift a few thousand extra cars in recent weeks shouldn’t matter so much for the valuation. Investors’ tendency to overreact to Tesla news made more sense when its survival was open to doubt. A year ago it was laying off workers, U.S. sales were slowing and its retail strategy was confused. Senior staff kept heading for the exit. The company was burning through cash and ran pretty low on financial fuel. It had just $2.2 billion of cash in March 2019, compared with more than $8 billion now.But subsequent evidence that Tesla can sell cars for more than it costs to produce them has transformed the mood — and with it Tesla’s stock price.Instead of “killing” off Tesla, the tepid electric offerings of established carmakers such as Audi and Mercedes have only underscored the quality of their rival’s battery and powertrain technology (the same can’t be said of Tesla’s build quality). Volkswagen’s software problems with its forthcoming ID.3 electric vehicle suggest catching Tesla won’t be straightforward, even with the Germans’ vast resources.Tesla’s stratospheric valuation appears to have become self-reinforcing. Should it require more money to fund its roughly $9 billion of capital expenditure over the next three years, it can raise it from shareholders without worrying about diluting them too much.Similarly, holders of more than $4 billion of convertible bonds that Tesla issued to fund its expansion should be happy to convert them into stock, rather than demand cash repayment, taking some of the pressure off the company and its balance sheet. Still, Tesla’s valuation remains impossible to justify by any standard metrics. Analysts’ average price target is more than 40% below the current level. Even Musk has suggested that the share price, which has almost trebled since the start of 2020, is too high — although, as with his taunting of the U.S. Securities and Exchange Commission and his comments about “fascist” lockdowns, it’s usually better to tune out what Musk says and focus on his actions instead. The skeptics might have more faith in Tesla’s new position as the leader of the automaker pack when Musk stops his provocations and his shareholders stop getting giddy over modest good news.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Chinese flexible display maker Royole Corp. is weighing an initial public offering in China while its planned U.S. listing is put on hold, according to people familiar with the matter.Royole had filed confidentially for a U.S. IPO that could raise about $1 billion, Bloomberg News reported earlier this year. However, the startup is now considering a listing in China, the people said, asking not to be identified as the information is private.Considerations are at an early stage and no final decisions have been made, the people said. A representative for Royole declined to comment on the matter.Royole, known for manufacturing the world’s first commercial foldable phone, had originally planned to raise funds via a private financing round at a valuation of about $8 billion, people familiar with that deal said last year. But the Chinese company turned to the U.S. markets after liquidity tightened during a downturn in China’s venture capital sector, the people said.Since January relations between the U.S. and China have deteriorated sharply, with tensions spanning trade, technology and Hong Kong. Many U.S.-listed Chinese companies are considering second listings closer to home in Hong Kong, while China has been actively seeking to lure innovative technology companies to list in Shanghai and Shenzhen.Royole competes with Samsung Electronics Co. and BOE Technology Group Co. to produce bendable screens using cutting-edge organic light-emitting diode technology. The company, which gave away wraparound-screen hats at the 2018 World Cup in Russia, in January unveiled a smart speaker that packs a bendable display around a cylinder.Its full line of products encompasses head-mounted displays intended for use as so-called mobile theaters and other wearable flexible displays. The company even has a smart writing pad that it sells on Amazon.com, JD.com and in stores globally.Royole’s earlier investors include Knight Capital, IDG Capital, Poly Capital Management, AMTD Group, the funds of Chinese tycoon Xie Zhikun and the venture capital arm of the Shenzhen city government.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Nikola Corp. founder Trevor Milton is finding he has another thing in common with rival Elon Musk: Both say their electric-vehicle companies are targets of coordinated social-media attacks.Milton lashed out at negative tweets about his startup, alleging that “hired hands” have plotted an “obviously coordinated” attack against the developer of hydrogen fuel cell-powered semi trucks. Musk repeatedly has railed against short sellers targeting Tesla Inc.“Tesla fans were the target of vicious attacks for years,” Milton said in one of a series of tweets late Thursday in the U.S. “Now those vicious attacks are directed towards us from many Tesla fans,” he said in another.In a separate post, he wrote: “We’ve been tracking the negative tweets and most are not Nikola Shareholders but those hired hands saying they are selling all their shares just to stoke fear, telling others to do the same, which turn out to be anti-nikola or paid attack accounts.”Milton’s outburst came after Nikola shares fell for a third consecutive session, dropping 13% on the Nasdaq. The Phoenix-based company asked customers to put down as much as $5,000 now to reserve the right in a few years to buy a battery-powered truck, even before seeing a prototype. The stock still is up almost 70% since Nikola’s market debut in early June via a reverse merger.The situation is reminiscent of what Tesla and Musk have faced for years, with the billionaire often getting into trouble for taking on short-sellers and posting market-moving information on Twitter without following the regulatory process. Even on Thursday, Musk provoked the U.S. Securities and Exchange Commission on Twitter over Tesla’s surging share price and taunted short sellers in a string of tweets.Milton’s big ambitions, Twitter sparring and choice of name for his company have drawn inevitable comparisons with Musk, and both companies share the goal of shaking up the truck market. Nikola sued Tesla in May 2018, claiming the maker of the Model 3 had copied patented design features of its tractor-trailers.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- TDK Corp. sees a silver lining to the coronavirus pandemic in a boost to demand for its batteries and sensors in electronic gadgets and a long-term push toward greater use of tech in the auto industry.Once ubiquitous across cassette tapes and compact discs, the Japanese household name now provides batteries for one in three phones globally. Though TDK has seen revenue fall as U.S.-China trade tensions weighed on auto sales, the outbreak should quicken digitization across the home and industry and propel imminent demand for batteries in personal devices and long-term demand for sensors in connected cars, Chief Executive Officer Shigenao Ishiguro said in an interview.“Digital transformation is a huge opportunity for us and I have no doubt that the coronavirus will push the world to go that direction at a faster pace,” Ishiguro said.The CEO, who witnessed first-hand how the Thai floods of 2011 disrupted supply chains and quickened a transition from hard disk drives to solid-state storage, sees in the coronavirus outbreak a similar catalyst for change.TDK over the past decade and a half has reinvented itself as a purveyor of batteries for smartphones, but the global car market slump hurt its overall business. The company is coming off its first revenue decline since 2012, even though it remains a leader in compact power cells. TDK’s lithium-ion cells earned 600 billion yen ($5.6 billion) in the fiscal year ended March, having powered close to a quarter of all laptops, 43% of game console hardware and more than half of all tablets sold in 2019, according to Techno Systems Research. Demand for these device categories surged around the virus outbreak, according to IDC market researchers.For TDK’s battery division, “business opportunity can be found around every corner of the tech industry in a world with the coronavirus and 5G,” said Morningstar Research analyst Kazunori Ito. Growing product categories include drones, wireless earphones and smartphones with fifth-generation networking -- all of which require small-sized batteries that can provide reliable power for many hours. TDK’s Hong Kong-based subsidiary Amperex Technology Ltd. is widely recognized for having a technological lead on this front, said Ito, calling it “the absolute battery king.”Read more: Investors Are Favoring Firms That Let People Work From HomeBut TDK faces much more skepticism with the other wing of its business: sensors. The company offers magnetic sensors to aid stabilization of mobile cameras and MEMS (microelectromechanical systems) sensors used in noise-canceling headphones. Neither has managed to stand out in a fiercely competitive components market, said Ace Research Institute analyst Hideki Yasuda.Acknowledging the charge, Ishiguro said his most urgent task now is to bring that business up to speed before looking at additional M&A deals.“I moved things around to beef up our sensor business, and my top priority is to generate convincing returns from it,” he said. Ishiguro, who took the top job in 2016, oversaw the acquisition of U.S.-based MEMS specialist InvenSense Inc. the year after and is keen to prove that division’s worth.The auto industry presents another potent opportunity, as TDK’s magnetic sensors can be used at multiple spots around a car, from power-steering to windshield wipers. The Tokyo-based company’s technology is “already in a lot of car pipelines, including ones awaiting approval and ones waiting for mass production,” Ishiguro said. “In a not so distant future, our sensors will be the de facto standard in the car industry.”TDK in May forecast a 14% drop in its production for the auto market this fiscal year, as the industry battles the effects of Covid-19 and lingering trade tensions. But Ishiguro’s belief, shared by SMBC Nikko Securities analyst Hiroharu Watanabe, is that the upheaval is more likely to hasten automakers’ transition to smart electric vehicles and thus expand the market for component makers.“Tesla has adopted an upgradeable computer platform for its Model 3, which we can almost call a smartphone in terms of the semiconductor chips it equips,” Watanabe said. Daimler AG last week announced it will use Nvidia Corp.’s similar smart car technology in all its vehicles starting with 2024 models.Read more: Mercedes Will Use Nvidia Technology in All Cars From 2024For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The coronavirus stock market rally had a strong week despite Thursday's fade. Teladoc lead new breakouts. What's next for Tesla after a blowout week?