A surprise from Apple and Warren Buffett and his Berkshire Hathaway will be happy as the tech giant revealed new records for both revenue and income in the holiday (December) first quarter.
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Happy Australia Day, Happy Chinese New Year, gōng xǐ fā cái, and hello! Here’s your weekly wrap of technology, innovation, and finance news.
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In fact, this week is the first of the peak weeks for the current earnings season with over 100 S&P 500 companies due to report. Besides Apple tech giants Microsoft, Tesla Facebook and Amazon are also due to report, along with energy majors Chevron and Exxon Mobil and giant plane maker, Boeing.
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But ethical and economic challenges could limit the benefits medtech brings to healthcare.
Read MoreApple shares have started 2020 with a bang and the giant’s first-quarter December 31 earnings report on January 28 will go a long way to determining if the record-setting start to the year by Wall Street continues.
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While demand for shared cloud-based data storage shows no signs of abating in a hurry, local data centre oversupply is looming as a short term issue.
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Ahead of the Herd’s Rick Mills examines how the growth of artificial intelligence is set to change the world.
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Thomas Rice, portfolio manager for the Perpetual Global Innovation Share Fund provides your weekly wrap of technology, innovation, and finance news.
Read MoreApple seems to be going ex-iPhone without too much of a fuss from the market, or so it seems from its September quarter results, the final for its 2018-19 financial year.
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Renewables
The International Energy Agency (IEA) have released their Offshore Wind Outlook 2019 Report which suggests offshore wind will become a $1 trillion industry.
Antipodes Founder and Chief Investment Officer Jacob Mitchell has warned investors about diving into ‘high-flying’ SaaS tech stocks, trading on nosebleed valuations.
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Signs have emerged that Netflix’s dominance is weakening even before the new competition lands. And it’s likely to get tougher for Netflix and others when the Hollywood household names arrive.
Read MoreWhen people ask me what companies I’m looking to invest in for the Perpetual Global Innovation Share Fund, Disney serves as a useful example – I’m looking for companies that are either driving change, or they understand and are adapting to change the way Disney is doing right now.
Read MoreBoston Dynamics is best known for the videos they’ve been uploading of their robot prototypes for the past decade. Now the company is finally releasing one of them for public consumption: Spot.
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Climate Change was in focus this week as millions of people protesting around the world on a coordinated day of action. An estimated 300,000 people joined rallies in Australia.
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Such are the prospects for mainstream acceptance for something like Facebook’s Libra. But the hurdles are daunting too.
Read MoreApple has joined Microsoft, Alphabet, and Facebook among the mega techs in doing better in the three months to June than the market had been expecting.
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Facebook has revealed another quarter of strong revenue growth, Tesla shares, on the other hand, have plummeted in late trading after the electric-car maker posted a worse-than-expected loss and backtracked from a forecast for a return to profit.
Read MoreStandby for some nervous times ahead in the stock market after the US Justice Department revealed a sweeping inquiry into the market power of big techs.
Read MoreThe big mega techs will dominate this week in the US reporting season and while investors refused to look beyond Netflix after the streaming giant reported a surprise dip in US subscriber numbers and the lowest growth in new paying customers for three years, a stumble by one or more of this week’s reporting groups could knock the market sideways.
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While there are short-term headwinds (i.e. declining free cashflow, higher expense growth), the ongoing transition of customers to cloud, while impacting revenue growth in the short term, underpins the strong medium-to-long-term earnings growth profile for TNE.
Read MoreFriday saw the changing of the guard at the top of the list of most valuable US companies confirmed after shares in Microsoft surged into record territory Friday and pushed the veteran software giant’s market cap above the $US1 trillion mark.
Read MoreNasdaq plunged into correction territory on Monday after the US government started targeting the big four tech stocks – Amazon, Apple, Facebook and Google (Alphabet).
Read MoreLarge accounting clients continue to migrate to TechnologyOne’s cloud offering but brokers remain concerned about the stock’s valuation.
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A major about-face on maintaining its dividend payout and a loss in the latest full-year results from London based telco, Vodafone Group PLC help explains why the company wants to abandon Australasia through sales of its operating arms in Australia and NZ.
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Warren Buffett’s Berkshire Hathaway is expanding its involvement in the megatechs. First, it was Apple where Berkshire is the third biggest investor. Now the company has dipped its toe into the share register of Amazon.
Read MoreApple shares surged in after-hours trading to be up more than 5% and moving back towards a valuation of $US1 trillion. The reason? The growing belief that the company’s key iPhone product was not down and out.
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Microsoft may have topped the $US1 trillion valuation level but the real tech star – in fact the real US corporate star remains Amazon which blew past all profit forecasts in an ominous sign for its rivals.
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It has been a turbulent time for Facebook over the past year, to say the very least. But where to now for the ubiquitous social media giant? Magellan Asset Management’s Hamish Douglass gives Informed Investor his thoughts on the subject.
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