If you’re a gadget fan – if you like drones, cutting-edge virtual reality displays, or self-driving cars – then this is your week. That’s because the Consumer Electronics Show in Las Vegas – which officially kicks off on Thursday – is already getting started.
Samsung, LG, Sony, and Panasonic will be there… showing off their latest HDR and 4K TV sets.
And most of the major car companies will be showing off the latest self-driving and connected-car technologies. Of course, those driverless cars won’t be the only “rideables” in Las Vegas — there’ll also be fun stuff, like hoverboards and scooters.
It hurts when the technology you built your business on starts to drag you down. And that’s just what’s happening at Cisco Systems Inc. (Nasdaq: CSCO), which reported a 2.6% drop in quarterly revenue last week. The drop came from lessening demand for Cisco’s switches, its chief legacy product. Cisco does have a restructuring plan, however, including cost cuts, layoffs, strategic acquisitions, and repositioning itself toward a cloud model.
Not so fast, Michael told CNBC World listeners late last week. “You can’t cut your way to growth,” he says. And moving a hardware-based business to the cloud is going to cost a lot more and take a lot longer than anyone else thinks. Michael graded Cisco’s quarterly report a “C to C- quarterly” – and so it’s not on his “Buy” list right now. What legacy tech business also reorienting itself toward the cloud model is? Watch the video below to find out.
Sony Corp. (NYSE ADR: SNE) just downgraded its earnings expectations for the fiscal year, but during a recent appearance on CNBC World, Michael said that’s no reason to write off the stock. First off, the lowered guidance is thanks to a onetime write-down thanks to the sale of Sony’s battery unit. And this is “truly a onetime,” Michael told CNBC World’s viewers.
But the real reason Michael is keeping an eye on Sony – which gained 61% between early February and mid-October – is what it’s got planned for holiday shoppers. He explains all in this video…
Early this year, Michael called Samsung Electronics Co. Ltd. a “Tech Turkey” – putting it on a list of stocks to avoid in 2016. Michael’s not one too brag (too much), so we’ll do it for him.
Fast-forward till now – after Samsung’s fire-prone Galaxy Note 7 smartphone disaster – and he looks pretty prescient. Michael appeared on CNBC World earlier this week to discuss Samsung’s public-relations mess – and what it means for that company’s finances and the rest of South Korea’s tech leaders. Take a look….
Amid all the breaking news about the layoffs at Cisco Systems Inc. (Nasdaq: CSCO) this week, I appeared on CNBC World to share my thoughts. I let that audience know what’s behind Cisco’s layoffs – and shared my thoughts on what investors should do with their stock (and why Cisco’s fat dividend matters here).
Now I want to share all that with you folks as well. Just click here.
Some may still be bemoaning the sideways market we’ve seen for the past 18 months. But with all that’s going on in the world, Michael likes it just fine – and he appeared on CNBC World Wednesday to explain why.
Plus, he reveals a stock to look at… and another to avoid. And he lets us know what to expect through the end of the year.
We may be looking a solid times in the markets, but Michael says that the last thing you want to do right now is sell. During his latest appearance on Fox Business, on Cavuto: Coast to Coast, Michael explains that people have been betting against the stock market for years, and they’ve been proven time and time again. That is… unless they focus on one simple thing.
Just two weeks after Michael predicted Apple Inc.’s inevitable comeback on CNBC World, this iDevice king has charged back nearly 10%. Now, during a sit down with The Street host Gregg Greenberg, Michael’s back with even more comeback winners.
From biotech to the cloud and virtualreality, Michael shares the best oversold tech plays investors should grab before it’s too late.
Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) has never spent much of its kitty on tech stocks. But Team Buffett’s recent $1 billion bet on Apple Inc. (Nasdaq: AAPL) shows that may be changing.
Or maybe Buffett’s move has more to do with Apple CEO Tim Cook’s recent statesmanlike visit to China. Is the Oracle of Omaha becoming the Soothsayer of Shanghai?
We know that Buffet isn’t a “trader.” He buys in for the long haul. So the question now is: How will this big bet affect Apple’s and China’s futures? Michael called in to CNBC World Monday night to talk about that… and more.
This week at its annual F8 developer conference in San Francisco, Facebook Inc. (Nasdaq: FB) made clear that it wants to be involved I every part of your digital life. Michael dropped by CNBC to talk over the nuts and bolts of that bold vision.