Apple (NASDAQ:AAPL) is known for its steep prices and the $349 HomePod smart speaker that launched in January is no different.
But unlike Apple’s late-to-the-game entries into smartwatches and streaming devices, its Homepod offering isn’t making the splash the company hoped. The tech giant has been forced to cut its sales forecasts and scale back some orders with one of its HomePod manufacturers, according to reports from Bloomberg.
If these lackluster sales continue, the company will have trouble keeping up with other tech players in the smart home market.
The Apple HomePod is by far the most expensive home speaker on the market. Image source: Apple.
Where does the HomePod rank in the market so far?
The HomePod claims just 4% of the smart speaker market, down from a high of 10% right after it launched in January, according to data from Slice Intelligence.
Top 5 Stocks To Buy For 2019: LG Display Co., Ltd.(LPL)
Advisors’ Opinion:
- [By Ashraf Eassa]
According to a new report from The Wall Street Journal (subscription required), Apple wanted to tap LG Display (NYSE:LPL) as a second source for OLED displays for the company’s next-generation smartphones, but LG Display seems to be running into issues.
- [By Shane Hupp]
ValuEngine downgraded shares of LG Display (NYSE:LPL) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday.
- [By Ashraf Eassa]
If you’re looking to invest in an individual company to get exposure to the display panel industry, two names that might have appeared on your radar are Universal Display (NASDAQ:OLED) and LG Display (NYSE:LPL). Although both of these companies will get you that exposure, their business models are radically different.
- [By ]
LG Display (NYSE: LPL) is a leader in computer and television monitors with 36% of the global market in computer monitors, 29% of the TV display market, 21% of the notebook computer market and 28% of the market for tablet display.
Top 5 Stocks To Buy For 2019: MB Financial Inc.(MBFI)
Advisors’ Opinion:
- [By Lisa Levin] Gainers
SenesTech, Inc. (NASDAQ: SNES) shares jumped 113.5 percent to $0.6737 after the California Department of Pesticide Regulation proposed to register the company's ContraPest for sale and use in California.
AgEagle Aerial Systems, Inc. (NASDAQ: UAVS) shares rose 35.34 percent to close at $3.32.
Art's-Way Manufacturing Co., Inc. (NASDAQ: ARTW) shares gained 30.36 percent to $3.65.
Xtant Medical Holdings, Inc. (NYSE: XTNT) shares jumped 25.6 percent to $7.4701 after the company disclosed that it has received the FDA clearance for InTice™-C Porous Titanium Cervical Interbody System.
VAALCO Energy, Inc. (NYSE: EGY) shares surged 20 percent to $2.495.
TransGlobe Energy Corporation (NASDAQ: TGA) surged 17.04 percent to $2.61.
Boxlight Corporation (NASDAQ: BOXL) gained 15 percent to $8.32 after the company announced an exclusive partnership with Multi Touch Interactives to strengthen the development of next generation interactive educational activities.
Arcimoto, Inc. (NASDAQ: FUV) gained 15 percent to $3.39.
MB Financial, Inc. (NASDAQ: MBFI) rose 13.7 percent to $49.64. Fifth Third Bancorp (NASDAQ: FITB) agreed to acquire MB Financial for $54.70 per share in cash and stock.
FRONTEO, Inc. (NASDAQ: FTEO) shares rose 11.8 percent to $20.956.
TransEnterix, Inc. (NYSE: TRXC) shares jumped 11.1 percent to $3.38.
21Vianet Group, Inc. (NASDAQ: VNET) rose 10.6 percent to $7.41.
NII Holdings, Inc. (NASDAQ: NIHD) shares gained 9 percent to $2.32.
Kelly Services, Inc. (NASDAQ: KELYA) rose 7.6 percent to $24.19. Northcoast Research upgraded Kelly Services from Neutral to Buy.
LaSalle Hotel Properties (NYSE: LHO) shares climbed 5.6 percent to $33.70. Blackstone Group LP (NYSE: BX) will buy LaSalle Hotel Properties in a $4.8 billion deal, Bloomberg reported.
Alteryx, Inc. (NYSE: AYX) gained 5.5 percent to $32.56. KeyBanc upgraded Alteryx from Sector Weight to Overweight.
Energizer Holdings, Inc. (NYSE: - [By Shane Hupp]
MB Financial Inc (NASDAQ:MBFI) has been given an average recommendation of “Hold” by the ten analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $48.46.
- [By Ethan Ryder]
MB Financial Inc (NASDAQ:MBFI) has been given an average recommendation of “Hold” by the eleven analysts that are covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $46.86.
- [By Joseph Griffin]
MB Financial (NASDAQ: MBFI) and Nicolet Bankshares (NASDAQ:NCBS) are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their profitability, earnings, analyst recommendations, institutional ownership, dividends, valuation and risk.
Top 5 Stocks To Buy For 2019: Paychex Inc.(PAYX)
Advisors’ Opinion:
- [By Ethan Ryder]
Schaper Benz & Wise Investment Counsel Inc. WI trimmed its holdings in shares of Paychex (NASDAQ:PAYX) by 2.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 203,575 shares of the business services provider’s stock after selling 6,098 shares during the quarter. Paychex accounts for approximately 1.9% of Schaper Benz & Wise Investment Counsel Inc. WI’s portfolio, making the stock its 24th biggest position. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Paychex were worth $12,538,000 as of its most recent SEC filing.
- [By Garrett Baldwin]
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The Top Stock Market Stories for Tuesday
The price of Brent crude oil pushed above $85 per barrel yesterday, its highest level in four years. Analysts are projecting that oil could easily hit $100 per barrel in the next few weeks, as OPEC and Russia continue to focus on pushing prices higher. The recent price rally has been driven by the Trump administration’s Nov. 4 deadline for nations to stop purchasing crude from Iran. Gold prices are sitting under $1,200, one week after the U.S. Federal Reserve raised interest rates for the third time this year. However, Money Morning Resource Specialist Peter Krauth has predicted a big bounce for gold prices in the coming months. Just how high will gold bounce thanks to the ongoing geopolitical problems around the globe? Find out right here.
Stocks to Watch Today: AMZN, PEP, TSLA
Shares of Amazon.com Inc. (NASDAQ: AMZN) are in focus after the company announced it will raise its minimum wage to $15 per hour. The change will take place on Nov. 1. The wage change will affect 250,000 employees. Pepsico Inc. (NYSE: PEP) leads a busy day of earnings reports. The beverage company topped Wall Street expectations with an EPS of $1.59 on top of $16.49 billion in revenue. Those numbers beat consensus forecasts of $1.56 on $16.38 billion in revenue. CEO Indra Nooyi is stepping down this week, but she will remain the chair of the board. Tesla Inc. (NASDAQ: TSLA) announced it produced 83,500 vehicles in the third quarter. The stock has been on a whirlwind in recent days. On Monday, the U.S. Securities and Exchange Commission announced it had settled a case with CEO Elon Musk over his misleading tweets about taking the company private. Musk and Tesla will pay $20 million each, and M - [By Shane Hupp]
Paychex (NASDAQ:PAYX) had its target price boosted by Citigroup from $67.00 to $73.00 in a research note issued to investors on Wednesday. The firm currently has a “neutral” rating on the business services provider’s stock. Citigroup’s target price indicates a potential downside of 2.38% from the stock’s previous close.
- [By Logan Wallace]
Paychex, Inc. (NASDAQ:PAYX) insider Stephanie L. Schaeffer sold 34,251 shares of the company’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $69.98, for a total value of $2,396,884.98. Following the sale, the insider now owns 43,552 shares of the company’s stock, valued at approximately $3,047,768.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
- [By Motley Fool Transcription]
Paychex, Inc. (NASDAQ:PAYX)Q1 2019 Earnings Conference CallOctober 2, 2018, 9:30 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By ]
Paychex (Nasdaq: PAYX) is set to do well as the gig economy grows and more small businesses need its outsourced payroll solutions. The company continues to expand into other services including record-keeping for retirement plans, human resources, and health benefits.
Top 5 Stocks To Buy For 2019: Pacific Gas & Electric Co.(PCG)
Advisors’ Opinion:
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was PG&E Corp. (NYSE: PCG) which traded down about 13% at $44.43. The stock’s 52-week range is $41.61 to $71.57. Volume was 52 million versus the daily average of 6 million shares.
- [By Sean Williams]
This past week, on Tuesday, Jan. 29, California gas and electric utility PG&E (NYSE:PCG) became the latest brand-name company to declare bankruptcy and join this dubious list. Of course, PG&E’s bankruptcy, which was coerced by its potential liabilities tied to the Camp Fire in 2018 and more than a dozen other Northern California fires in 2017, will be anything but straightforward. The proceedings, ultimate resolution, and presumed reemergence from bankruptcy could take years, with the costs to the company, its consumers, and ancillary industries being almost mind-numbing.
- [By Shane Hupp]
An issue of PG&E Co. (NYSE:PCG) debt rose 2.4% against its face value during trading on Tuesday. The debt issue has a 6.05% coupon and is set to mature on March 1, 2034. The debt is now trading at $93.48 and was trading at $88.63 last week. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.
- [By VantagePoint]
PG&E Corporation (NYSE: PCG) has spent most of the last five weeks consolidating into a tight range, but it looks to have finally broken out on April 5. Since then the stock is up about 7 percent, and despite Friday's weakness VantagePoint's indicators are pointing to that bullish trend remaining intact.
Top 5 Stocks To Buy For 2019: SPDR Wells Fargo Preferred Stock ETF (PSK)
Advisors’ Opinion:
- [By Ethan Ryder]
PrairieSky Royalty (TSE:PSK)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$28.50 and last traded at C$28.40, with a volume of 395241 shares changing hands. The stock had previously closed at C$28.32.
- [By Max Byerly]
SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) announced a monthly dividend on Monday, September 3rd, Wall Street Journal reports. Investors of record on Wednesday, September 5th will be given a dividend of 0.20 per share on Monday, September 10th. This represents a $2.40 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Tuesday, September 4th.
- [By Shane Hupp]
The firm also recently declared a monthly dividend, which was paid on Thursday, February 7th. Shareholders of record on Monday, February 4th were given a $0.20 dividend. This represents a $2.40 annualized dividend and a yield of 5.76%. The ex-dividend date was Friday, February 1st.
TRADEMARK VIOLATION NOTICE: “SPDR Wells Fargo Preferred Stock ETF (PSK) Shares Sold by Regal Investment Advisors LLC” was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at www.tickerreport.com/banking-finance/4139767/spdr-wells-fargo-preferred-stock-etf-psk-shares-sold-by-regal-investment-advisors-llc.html.
About SPDR Wells Fargo Preferred Stock ETF
- [By Shane Hupp]
LPL Financial LLC decreased its position in shares of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 23.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,573 shares of the company’s stock after selling 41,937 shares during the quarter. LPL Financial LLC’s holdings in SPDR Wells Fargo Preferred Stock ETF were worth $6,021,000 as of its most recent filing with the SEC.
- [By Max Byerly]
PrairieSky Royalty Ltd (TSE:PSK) has earned a consensus recommendation of “Buy” from the twelve brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$32.99.
