Apple Is Becoming a Camera Company. It’s Smarter Than Everyone Thought.

Heading into the two-hour-long event in the Steve Jobs Theater on the Apple Park campus in Cupertino, Calif., the conventional wisdom on Wall Street has been that this would be an off year for the iPhone. The world would largely ignore the iPhone 11, while awaiting the first Apple phones to use the 5G wirelessContinue reading “Apple Is Becoming a Camera Company. It’s Smarter Than Everyone Thought.”

Comcast Stock May Still Be Undervalued by 20%, Analyst Says

Oppenheimer sees growing broadband revenue, expanding profit margins, and a low relative valuation as reasons to buy Comcast stock. Read the full report below: source

Ulta Beauty’s ugly day

An ugly day for Ulta Beauty. Shares of the high-flying cosmetics and skin care retailer sank in early trading Friday, shedding all of their nearly 35% gain this year as ten analysts slashed their price targets on the stock. Triggering the plunge: Ulta cut its profit forecast for the full year and warned that salesContinue reading “Ulta Beauty’s ugly day”

Boeing and China Airlines Finalize Order for Six 777 Freighters

SEATTLE, Sept. 4, 2019 /PRNewswire/ — China Airlines finalized its agreement with Boeing [NYSE: BA] to order six 777 Freighters to modernize its cargo fleet. The carrier, which currently operates one of the world’s largest 747 Freighter fleets, plans to transition to the largest and longest range twin-engine freighters in the industry as it launches operationsContinue reading “Boeing and China Airlines Finalize Order for Six 777 Freighters”

Activision Blizzard Stock Is Gaining After an Analyst Gave 5 Reasons to Buy

In a note that gives a not-so-subtle nod to the acronym for the company’s core game World of Warcraft, BMO Capital Markets analyst Johnson gives several reasons why he is now bullish on the stock. source

Cerner begins layoffs that will affect hundreds of employees

Cerner is laying off 255 people at its U.S. operations as part of a larger effort to cut costs and boost operating margins. About half of the layoffs, which are being announced today, will occur at the company’s Kansas City-area offices. source

Senator wants Facebook’s Mark Zuckerberg to potentially face prison term

“Mark Zuckerberg has repeatedly lied to the American people about privacy. “He hurt a lot of people,” Wyden told Portland’s Willamette Weekly newspaper in an interview published last week. Wyden introduced a bill in 2018 that would give the Federal Trade Commission expanded powers to punish companies that violate consumers’ data privacy, including steep finesContinue reading “Senator wants Facebook’s Mark Zuckerberg to potentially face prison term”

Walmart to stop selling short-barrel rifle ammunition

Walmart will stop selling short-barrel rifle ammunition such as the .223 caliber and 5.56 caliber after clearing current stock. While this type of ammunition is commonly used in some hunting rifles, they are also used in large capacity clips on military-style weapons, the company said. Sales of handgun ammunition will also be discontinued, it said.Continue reading “Walmart to stop selling short-barrel rifle ammunition”

Why AMD and NVIDIA Stock Is Falling Today

AMD and NVIDIA stock fell in premarket trading today. As of 9:15 AM ET, AMD stock was down 1.84% at $30.87, while NVIDIA was down 1.38% at $165.20. Read why below: source

You Don’t Have to Make it Back The Way You Lost it

Warren Buffett and Charlie Munger address the issue of gambling. Reporter’s Question Hi i’m Susie Taylor from Lincoln Nebraska. By way of explaining, we wrote down the value of U.S. air reflecting our investments current market value you had a good explanation in your report as to why the economics of the business are unattractiveContinue reading “You Don’t Have to Make it Back The Way You Lost it”