Yesterday’s big tech news was Apple Inc.’s reveal of HomePod. That’s a voice-activated speaker with which you can talk to Siri and control your home – entertainment, climate, lights, etc. Will that be the impetus behind Apple shares’ next leg up? Michael let us know what he thinks last night on CNBC World. Check it out by clicking here.
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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…
Something shocking occurred on Aug. 1, 2016, that signaled the beginning of a new era in technology – one that will create more millionaires this decade than any time in history. And Michael wants you to be one of them. He has been researching this paradigm-shifting development for months – and now he’s “going public” with his research. So get ready. This free exclusive Strategic Tech Investor report will be landing in your inbox Oct. 28. For a “sneak preview,” watch the video below.
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.
You heard it here first, folks.
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 virtual reality, 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.