Apple Inc. just revised its revenue guidance and gross margin downward, pinning the blame on several factors, including reduced demand from Chinese consumers facing weakening economic conditions. Michael appeared on Cheddar recently to provide his take on Apple’s outlook in the near-term. While Michael views Apple as the best tech company in the world, with its own unified operating system, and a growing services arm, he also thinks the firm has been too reliant on hardware as of late.
Watch Michael explain what lies ahead for Apple, and how its recent troubles will impact the broader tech sector… Click here to watch.
Who will be the first corporate behemoth to reach that sought-after $1 trillion valuation? Michael just appeared on Fox Business’s Cavuto: Coast to Coast to discuss the possibilities. Plus, Michael discusses what he sees ahead for market conditions… Check it out. Click here to watch.
Volatile market conditions have been the watchword in these last days of 2018. But right now, conditions appear grossly oversold.
Michael just appeared on the podcast Money Life with Chuck Jaffe and give the skinny on why many technology stocks – and the broader market – are oversold right now. He explains what factors to look for in choosing the right stock in these sorts of conditions, how to make money whether the market is going up or down, and what opportunities lie ahead for 2019. Click here to watch.
The markets have been in turmoil lately as trade tensions with China and other nations build. The technology sector has suffered as a result, as have other sectors in the economy.
Michael just appeared on Yahoo! Finance to give the low down on what’s happening in the tech sector these days with the likes of some of the tech giants like Apple Inc. (Nasdaq:AAPL) and Facebook Inc. (Nasdaq:FB), and whether we’ve reached a bottom in the market. He also discusses the impact that Black Friday sales have as an indicator for the overall state of the economy, and what this year’s figures indicate for the weeks ahead. Click here to watch.
Facebook, Inc.’s earnings call today has many analysts pondering what’s in store for the social media leviathan. The stock is down 35% since its’ last earnings report, but speaking on Fox’s Cavuto Live today, Michael expressed his doubt that even a rosy report today would be enough for him to reconsider his current “hold” on the firm.
Michael explains where he thinks Facebook stands and what sort of data he’s looking for over the coming weeks and months from the firm. He also explains how Instagram fits into his evaluation of the stock at this time. Click here to watch.
Midterm elections are coming up in a couple of weeks, and the potential for shifts in the power dynamics in Washington D.C. has investors pondering what’s in store for the market over the near term.
On Fox Business’s Varney & Co. today, Michael discusses what he thinks will happen if the Democrats take back the House of Representatives from the Republicans, and how it will impact growth stocks in particular. Michael also opines about where he thinks big tech is headed, which firms can weather potential volatility, and what should be done with Tesla’s Elon Musk following his recent interactions with the U.S. Securities and Exchange Commission. Click here to watch.
Apple Inc. (Nasdaq: AAPL) made history today following the release of its latest earnings report, subsequent bump in stock price, and becoming the first American public company ever to reach a $1 trillion market cap. A little more than three years ago, Michael was one of the first to predict Apple would reach such status. So he headed to Fox Business’ Cavuto: Coast to Coast to take a victory lap. The discussion turned quickly to technology’s role in the economy – and whether tech stocks have room to run after these latest heights. Michael also pushed back against some of the other guests in the evolving discussion on how tech impacts worker productivity and, ultimately, stock profitability. Click here to watch.
The Trump administration just killed the Broadcom Ltd. (Nasdaq: AVGO)-Qualcomm Inc. (Nasdaq: QCOM) deal – which would have been the largest tech merger ever.
You might think Michael’s best “Buy” in the tech space right now is one or both of those chip giants now that the dust has settled. Instead, his thoughts have turned to the Chinese steel tariffs – and finding companies insulated from the resulting fallout.
After doing his research, he’s turned up two American cloud-based software companies whose products are “immune from all that.” Both keep on reporting higher and higher earnings – and, Michael says, “have a long runway for share-price growth.”
Michael revealed these two picks – his best tech “Buys” right now – last night on CNBC’s Street Signs…
Are there any “safe” stocks to buy in this volatile atmosphere? Of course there is. And Michael shared a few recently on Chuck Jaffe’sMoney Life podcast. We think Michael surprised Chuck with a few of the reasons he likes Microsoft Corp. What do you think?
During their conversation, they went deep on the trading system we use here and at Michael’s premium services. And he did a “speed round” on a few stocks Chuck served up for him… Does Michael “like” Sturm Ruger & Co. following the recent school shooting? Just click here.
On Friday, Feb. 2, Michael and his team attended the International Cannabis Business Conference in San Francisco in order to investigate the current state of legal marijuana – and what’s on the horizon. There are a ton of new ideas out there. The growers and dispensaries/retailers – the “pure plays” – were literally the least of it. The amount of startups with new technologies and services for legal cannabis companies on the conference floor seemed limitless. We lost track of how many entrepreneurs and budding CEOs Michael got to talk to. Frankly, it was dizzying.
Plus, we checked out plenty of biotech companies developing medicinal marijuana treatments, chatted with state officials helping companies set up their licenses, and visited all kinds of firms displaying their cannabis-infused “edibles” and “topicals” – i.e., foods and skin-care products.
It’s no wonder so many entrepreneurs are getting into this space… If the forecasts Michael trusts are correct, the North American legal cannabis market is going to grow by 26% annually through 2021. And the industry will be generating almost $22 billion in sales by 2021 – triple what it did in 2016. You can’t ignore that kind of growth. To us, getting in on cannabis now is like getting in on Silicon Valley… in 1965. Michael tells you more about that in the video. Click here to watch.