Overnight: Nasdaq Clocks New High
M&A moves for Microsoft and Apple had all three US indices on the rise last night. Dow up 236.
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Innovation Wrap: Kodak Finds New Life, NASA Searches For Life, Intel Struggles With Life
Thomas Rice, portfolio manager for the Perpetual Global Innovation Share Fund provides your weekly wrap of technology, innovation, and finance news.
Read MoreOvernight: Tech Domination
Weak economic data had Wall Street heading south but for Big Tech names, which after the bell have blown away earnings forecasts. Dow down -225.
Read MoreImmune To Virus: Big Tech Delivers On Earnings
Early futures trading shows Nasdaq will open tonight on Wall Street up more than 2% as the big four tech giants, Apple, Amazon, Alphabet (Google) and Facebook reported solid or spectacularly good June quarter results.
Read MoreEarnings From Tech Titans Set To Test Nasdaq Strength
With tech valuations still stretched against the background of climbing COVID-19 infection rates, all eyes this week will be on quarterly reports and guidance from Apple, Amazon, Facebook, and Alphabet.
Read MoreInnovation Wrap: AI, Oxygen’s Impact On Cognitive Function, Disney Veteran Joins Virgin Galactic
Thomas Rice, portfolio manager for the Perpetual Global Innovation Share Fund provides your weekly wrap of technology, innovation, and finance news.
Read MoreInvestors Switch Off Netflix Shares After Global Growth Stalls
The small crack in the level of confidence in the Megatech sector widened on Thursday when streaming video giant revealed a sharp fall in its forecast for new subscribers in the September quarter.
Read MoreZooming In On The Streaming Boom
In the space of four or five months, Zoom has gone from just another tech stock with a video product similar to offerings from bigger companies like Microsoft, Apple, and Google, to the market leader and standard to which the others are now compared.
Read MoreInnovation Wrap: Gene Editors, NVIDIA Rises To The Top, Sony’s Epic Investment
Thomas Rice, portfolio manager for the Perpetual Global Innovation Share Fund provides your weekly wrap of technology, innovation, and finance news.
Read MoreNetflix, Banks Headline US Earnings Ramp Up
Netflix shares continued their record rise last week ahead of the release of the streaming video giant’s second-quarter figures on Friday morning, Sydney time. Besides Netflix, the coming week also will see the five big US banks report and set the tone for the non-tech side of the reporting season.
Read MoreInnovation Wrap: Trading Music Royalties, Hydrogen Power, Holographic Optics
Thomas Rice, portfolio manager for the Perpetual Global Innovation Share Fund provides your weekly wrap of technology, innovation, and finance news.
Read MoreInnovation Wrap: Gene-Editing To Cure Heart Disease, An ARM-Based Supercomputer, Cyberpunk 2077 Reviews
Thomas Rice, portfolio manager for the Perpetual Global Innovation Share Fund provides your weekly wrap of technology, innovation, and finance news.
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Big Tech Rally Rolls On As Nasdaq Breaks 10,000
The Dow and S&P 500 fell Wednesday afternoon for a second day, even though the Federal Reserve pledged to keep its ultra-easy monetary policy in place until 2022 at least. The falls though didn’t include the Nasdaq which is off on another surge and closed over 10,000 points for the first time.
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The Next Tech Bubble: The Biggest Ever?
This week I am here to push forward the view that this resurgence will evolve into one of the biggest bubbles in history. It is important that investors appreciate the changing dynamics and put aside the media headlines, employment stats and other negative data and understand the financial market consequences (not economic) that will result.
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Apple Navigates Virus, Rewards Shareholders With Higher Dividend
In contrast to the ‘full steam ahead’ message from Amazon and Jeff Bezos, the Apple line from its quarterly results is for shareholders to be rewarded with $US50 billion more for its share buyback and more dividends.
Read MoreAmazon Not Immune To COVID Cost Even As Sales Boom
Amazon surprised investors with its March quarter report after the bell on Thursday – it boosted sales but warned it could lose money in the current quarter as it too battles the impact of COVID-19.
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Stay At Home Order Sees Netflix Subscribers Surge
Netflix confirmed it is one of the few companies to benefit from the COVID-19 pandemic with a surge in new subscribers across the globe in the March quarter sending the value of the company’s shares up 11% in after-hours trading.
Read MoreInnovation Wrap: Disney Subs, Chatbot Love, A Telescope On The Far Side Of The Moon
Here’s your weekly wrap of technology, innovation, and finance news with Thomas Rice is the portfolio manager for the Perpetual Global Innovation Share Fund, based in Sydney, Australia.
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Seek Delays Dividend, McGrath Drops Guidance
Seek was another company yesterday to withdraw its earnings guidance and postpone the payment of dividends because of the COVID-19 pandemic.
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When High-Flying Tech Darlings Return To Earth
The savage share sell down of Nearmap highlights the dangers of investing in tech stocks valued on lusty revenue multiples that leave little room for error. Given that billion-dollar valuations have become common in the sector, no doubt other casualties will emerge as the reporting season unfolds.
Read MoreApple Downgrade Underscores Coronavirus Uncertainty
Apple has surprised markets by warning that disruption in China from the coronavirus will cause its revenues to fall short in the current quarter.
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