Stocks reclaim record highs, but investor enthusiasm is lacking

Stocks have reclaimed their old highs and should continue to make new ones, but without some of the fanfare and excitement of some past rallies. The S&P 500 and Nasdaq both surpassed their September closing highs on Tuesday after a string of solid earnings news. Putting it in that context, I would say I’m not as worried about the market as a lot of people. Redler, who watches the short term technicals, said the S&P first pressed the 2,900 level as earnings season started. Redler said stocks have


Stocks have reclaimed their old highs and should continue to make new ones, but without some of the fanfare and excitement of some past rallies. The S&P 500 and Nasdaq both surpassed their September closing highs on Tuesday after a string of solid earnings news. Putting it in that context, I would say I’m not as worried about the market as a lot of people. Redler, who watches the short term technicals, said the S&P first pressed the 2,900 level as earnings season started. Redler said stocks have
Stocks reclaim record highs, but investor enthusiasm is lacking Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: patti domm
Keywords: news, cnbc, companies, fed, started, redler, highs, ones, worried, reclaim, sp, investor, stocks, lacking, earnings, enthusiasm, market, record, say


Stocks reclaim record highs, but investor enthusiasm is lacking

Stocks have reclaimed their old highs and should continue to make new ones, but without some of the fanfare and excitement of some past rallies.

The S&P 500 and Nasdaq both surpassed their September closing highs on Tuesday after a string of solid earnings news. The Dow is still about a percent away from its high, at 26,656.

“We’ve essentially just gone back to September. People look at this 17% year-to-date move and say it seems like an unsustainable trend. We have to keep in mind we’re now flat to where we were back in September,” said Jack Ablin, CIO of Cresset Wealth Advisors. “This is just taking back the correction. Putting it in that context, I would say I’m not as worried about the market as a lot of people. In the earnings reports, there were some blockbuster surprises.”

T3Live.com’s Scott Redler said investors continue to doubt the market, even as some indexes hit highs.

“The sentiment is typically not bullish,” he said. “Everyone is worried about… trade wars, while passive money comes in and the market marches higher.”

Redler, who watches the short term technicals, said the S&P first pressed the 2,900 level as earnings season started. The so-called FAANG stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — rallied and that helped lead the market. Now those names and related tech favorites are the ones to watch when Facebook and Microsoft report earnings Wednesday, followed by Amazon on Thursday.

Beyond that, the market will also soon be tested by the Fed, which meets May 1. Redler said stocks have been moving higher since the Fed “pivot,” when officials started to signal that more interest rate hikes were unlikely. Some market pros believe the Fed will even cut interest rates before it ever raises them again.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: patti domm
Keywords: news, cnbc, companies, fed, started, redler, highs, ones, worried, reclaim, sp, investor, stocks, lacking, earnings, enthusiasm, market, record, say


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Tesla should be valued at less than $100 a share, investor says

Tesla heads into its earnings report out after the bell Wednesday trading at its lowest level in six months. There is no company that’s better at overpromising and under-delivering than Tesla,” said Mark Tepper, founder and president of Strategic Wealth Partners, on CNBC’s “Trading Nation” on Tuesday. Tesla has not traded below $100 since mid-2013. Following earnings, Katie Stockton, founder of Fairlead Strategies, said the company needs to hold one key level to prevent it from tumbling. “There’


Tesla heads into its earnings report out after the bell Wednesday trading at its lowest level in six months. There is no company that’s better at overpromising and under-delivering than Tesla,” said Mark Tepper, founder and president of Strategic Wealth Partners, on CNBC’s “Trading Nation” on Tuesday. Tesla has not traded below $100 since mid-2013. Following earnings, Katie Stockton, founder of Fairlead Strategies, said the company needs to hold one key level to prevent it from tumbling. “There’
Tesla should be valued at less than $100 a share, investor says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: keris lahiff, mark ralston, afp, getty images, kevin frayer, lindsey wasson, david becker, getty images news, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, share, need, 100, level, stock, stockton, tesla, hold, company, thats, valued, trading, support, investor


Tesla should be valued at less than $100 a share, investor says

Tesla heads into its earnings report out after the bell Wednesday trading at its lowest level in six months.

One strategist said it should get even worse for the electric car maker.

“This is a company that has a cult following – people that believe that [Elon Musk] is changing the world – and that’s the only reason this stock is trading at $260. There is no company that’s better at overpromising and under-delivering than Tesla,” said Mark Tepper, founder and president of Strategic Wealth Partners, on CNBC’s “Trading Nation” on Tuesday.

Tepper said its true valuation should be even lower.

“If I were to believe Tesla’s stories, with a 35% projected earnings growth rate, even at a PEG [price/earnings to growth] ratio that’s at a premium to the market, you still can’t value the stock at over $100 a share and $100 is on the very high end,” he said.

Tesla has not traded below $100 since mid-2013. It would need to drop 62% to reach that level.

A storm of headwinds are coming for the company, which could shake the stock, Tepper said. He mentioned an expiring tax credit, which could hurt demand, and increased competition, which means the company is jockeying for customers over price as well as quality.

“Quite frankly my biggest issue is management doesn’t execute on what they say. I don’t need management selling me a bill of goods. I want execution and you’re not getting that from Tesla,” said Tepper.

Tesla has not responded to a request for comment.

Following earnings, Katie Stockton, founder of Fairlead Strategies, said the company needs to hold one key level to prevent it from tumbling.

“There’s a very strong support level right around $250 for Tesla so we really want to see that level hold to preserve the long-term neutral bias of the chart,” Stockton said Tuesday on “Trading Nation.” “The latest down move that we’ve seen has been significant. It has marked underperformance. It’s very rare right now to see in the marketplace a stock that actually topped last December and this is one of those few, but we need some stabilization near support to get convinced that we have a basing phase in place for Tesla.”

“I also feel like to me that the support is likely to hold because we have seen a slight loss of downside momentum,” Stockton said.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: keris lahiff, mark ralston, afp, getty images, kevin frayer, lindsey wasson, david becker, getty images news, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, share, need, 100, level, stock, stockton, tesla, hold, company, thats, valued, trading, support, investor


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Wall Street calls Tesla’s autonomous plan ‘half-baked,’ doubts it can beat Lyft, Nvidia and Google

Tesla CEO Elon Musk touted robotaxis by 2020 on “Tesla Autonomy Investor Day,” and Wall Street was not impressed. However, analysts believe the technology is still far from ready and it puts Tesla at a risky position to compete with leaders in ride-hailing and software industries. The event came two days before Tesla is scheduled to report first-quarter earnings. The stock has fallen 21% year to date amid the company’s legal woes, disappointing deliveries and slowing demand. Here’s what else ana


Tesla CEO Elon Musk touted robotaxis by 2020 on “Tesla Autonomy Investor Day,” and Wall Street was not impressed. However, analysts believe the technology is still far from ready and it puts Tesla at a risky position to compete with leaders in ride-hailing and software industries. The event came two days before Tesla is scheduled to report first-quarter earnings. The stock has fallen 21% year to date amid the company’s legal woes, disappointing deliveries and slowing demand. Here’s what else ana
Wall Street calls Tesla’s autonomous plan ‘half-baked,’ doubts it can beat Lyft, Nvidia and Google Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: yun li, frederic j brown, afp, getty images
Keywords: news, cnbc, companies, google, software, technology, robotaxis, doubts, osborne, teslas, investor, nvidia, halfbaked, tesla, plan, musk, street, wall, calls, ridehailing, legal, leaders, lyft


Wall Street calls Tesla's autonomous plan 'half-baked,' doubts it can beat Lyft, Nvidia and Google

Tesla CEO Elon Musk touted robotaxis by 2020 on “Tesla Autonomy Investor Day,” and Wall Street was not impressed.

At the company event Monday, Musk was all too confident about carrying out autonomous robotaxis next year, even predicting that Tesla will be making cars with no steering wheels or pedals by 2021. However, analysts believe the technology is still far from ready and it puts Tesla at a risky position to compete with leaders in ride-hailing and software industries.

“We see a significant amount of technology and execution risk in the shift in strategy from competing in just electrification to Tesla also beating Nvidia in hardware, Google in software, and building a better ride-hailing service than current ride hailing leaders,” Cowen’s analyst Jeffrey Osborne said in a note on Tuesday.

“The Tesla Network robotaxi plans seemed half baked, with the company appearing to either not have answers to or not even considered pretty basic question on the pricing, insurance liability, or regulatory and legal requirements,” Osborne added.

The event came two days before Tesla is scheduled to report first-quarter earnings. Shares of Tesla are down 0.5% in morning trading on Tuesday. The stock has fallen 21% year to date amid the company’s legal woes, disappointing deliveries and slowing demand.

Here’s what else analysts are saying about Tesla’s Autonomy Investor Day:


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: yun li, frederic j brown, afp, getty images
Keywords: news, cnbc, companies, google, software, technology, robotaxis, doubts, osborne, teslas, investor, nvidia, halfbaked, tesla, plan, musk, street, wall, calls, ridehailing, legal, leaders, lyft


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Activist investor Praesidium takes 5% stake in education software company Instructure

Activist investor Praesidium Investment Management said Tuesday that it’s taken a new stake in cloud-based education software company Instructure. Oram detailed the investment from 13D Monitor’s 2019 Active-Passive Investor Summit in New York. Praesidium owned about 5%, or 1.8 million shares, of Instructure as of April 15, according to the government filing. According to the company’s website, Canvas is used by more than 3,000 universities, school districts and institutions around the world. Act


Activist investor Praesidium Investment Management said Tuesday that it’s taken a new stake in cloud-based education software company Instructure. Oram detailed the investment from 13D Monitor’s 2019 Active-Passive Investor Summit in New York. Praesidium owned about 5%, or 1.8 million shares, of Instructure as of April 15, according to the government filing. According to the company’s website, Canvas is used by more than 3,000 universities, school districts and institutions around the world. Act
Activist investor Praesidium takes 5% stake in education software company Instructure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: thomas franck, source
Keywords: news, cnbc, companies, activist, management, praesidium, software, shares, companys, education, investment, investor, canvas, company, instructure, oram, stake, changes, universities, takes


Activist investor Praesidium takes 5% stake in education software company Instructure

Activist investor Praesidium Investment Management said Tuesday that it’s taken a new stake in cloud-based education software company Instructure.

Praesidium manager Kevin Oram, who filed a 13D with the Securities and Exchange Commission on Monday, said that despite the company’s big investments in new business, its stock looks cheap. Oram detailed the investment from 13D Monitor’s 2019 Active-Passive Investor Summit in New York.

Praesidium owned about 5%, or 1.8 million shares, of Instructure as of April 15, according to the government filing. Shares were up 6.3% Tuesday afternoon.

Instructure is best known for its Canvas platform, which offers schools and universities a system through which professors and administrators can store student records, input grades and schedule courses. According to the company’s website, Canvas is used by more than 3,000 universities, school districts and institutions around the world.

Activist investors often build positions in what they view as undervalued companies with the goal of advocating for key changes, though Oram added that Praesidium typically lobbies for changes in private discussions with management.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: thomas franck, source
Keywords: news, cnbc, companies, activist, management, praesidium, software, shares, companys, education, investment, investor, canvas, company, instructure, oram, stake, changes, universities, takes


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Cisco Systems’ stock will ‘keep running for years’: Investor

Cisco Systems’ stock will ‘keep running for years’: Investor14 Hours AgoKingsley Jones of Jevons Global weighs in on the “turnaround” in Cisco Systems. He also says it’s probably best to “stand back” from Facebook’s stock at this point.


Cisco Systems’ stock will ‘keep running for years’: Investor14 Hours AgoKingsley Jones of Jevons Global weighs in on the “turnaround” in Cisco Systems. He also says it’s probably best to “stand back” from Facebook’s stock at this point.
Cisco Systems’ stock will ‘keep running for years’: Investor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16
Keywords: news, cnbc, companies, weighs, systems, stand, turnaround, point, stock, investor, probably, cisco, running, jones


Cisco Systems' stock will 'keep running for years': Investor

Cisco Systems’ stock will ‘keep running for years’: Investor

14 Hours Ago

Kingsley Jones of Jevons Global weighs in on the “turnaround” in Cisco Systems. He also says it’s probably best to “stand back” from Facebook’s stock at this point.


Company: cnbc, Activity: cnbc, Date: 2019-04-16
Keywords: news, cnbc, companies, weighs, systems, stand, turnaround, point, stock, investor, probably, cisco, running, jones


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These 2 health-care giants could take down the ETFs in their sector, says investor

Health care stocks are the worst performing sector, here are the ETFs to watch 4 Hours Ago | 02:26Health care just caught a cold. The Health Care Select Sector SPDR Fund, an exchange-traded fund tracking 62 major health-care companies, has shed more than 2% in the last month. “Value’s a little bit out of favor today, so that’s another reason why the big health-care stocks aren’t doing as well.” “If you look at the big health-care ETFs, what are the two biggest stocks in there? So, if you’re on t


Health care stocks are the worst performing sector, here are the ETFs to watch 4 Hours Ago | 02:26Health care just caught a cold. The Health Care Select Sector SPDR Fund, an exchange-traded fund tracking 62 major health-care companies, has shed more than 2% in the last month. “Value’s a little bit out of favor today, so that’s another reason why the big health-care stocks aren’t doing as well.” “If you look at the big health-care ETFs, what are the two biggest stocks in there? So, if you’re on t
These 2 health-care giants could take down the ETFs in their sector, says investor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lizzy gurdus
Keywords: news, cnbc, companies, healthcare, care, giants, investor, youve, etfs, big, health, stocks, wiener, etf, sector


These 2 health-care giants could take down the ETFs in their sector, says investor

Health care stocks are the worst performing sector, here are the ETFs to watch 4 Hours Ago | 02:26

Health care just caught a cold.

The Health Care Select Sector SPDR Fund, an exchange-traded fund tracking 62 major health-care companies, has shed more than 2% in the last month. The iShares U.S. Healthcare Providers ETF, a similar fund tracking 47 health-care providers, has lost about 5%.

Uncertainty around the fate of the Affordable Care Act, more commonly known as Obamacare, and rising drug prices, has weighed on the group in recent weeks. The downward moves have left health care as the only market sector still in the red, and the worst-performing one in the last month, after a banner year as 2018’s best-performing sector.

Tom Lydon, editor and proprietor of ETFTrends.com, told CNBC’s “ETF Edge” on Monday that the weakness could also be tied to a change in investors’ priorities.

“In Q4 of last year, we saw big declines in the stock market, but health care buoyed because of [its] value,” Lydon said. “Value’s a little bit out of favor today, so that’s another reason why the big health-care stocks aren’t doing as well.”

But Dan Wiener, chairman of Adviser Investments, sees something bigger at play.

“You have to remember health care is an enormous part of this economy. We’re talking about close to 20% of the economy,” Wiener told CNBC in the same “ETF Edge” interview. “You’ve got the biotechs. You’ve got the health-care providers. You’ve got the pharma. You’ve got the device companies.”

Most broad-based health-care ETFs have all of those categories in their holdings, Wiener noted. However, two of those holdings far outweigh the rest.

“[Tuesday] morning, we’re going to get [Johnson & Johnson] earnings,” Wiener said. “If you look at the big health-care ETFs, what are the two biggest stocks in there? J&J and Pfizer. And we’re not talking about 5% positions. Between the two of them, we’re talking 15%. Those are big. I mean, if J&J and Pfizer don’t have a good day, the whole sector disappears on the ETF side.”

That could prove disastrous for the sector’s various ETFs, but there’s no harm in getting more granular, Lydon said.

“It’s kind of been the tale of two cities” with “conventional health-care” companies and the biotechnology names, he noted, with traditional health-care stocks tacking on only mid-single-digit gains year to date, but some biotech stocks up north of 20%.

So, if you’re on the hunt for health-care stocks, be sure you know where to look.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lizzy gurdus
Keywords: news, cnbc, companies, healthcare, care, giants, investor, youve, etfs, big, health, stocks, wiener, etf, sector


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Value investor Joel Greenblatt says he likes Booking Holdings, thinks Align is too expensive

Value investor and Gotham Funds co-chief investment officer Joel Greenblatt told CNBC that he likes online travel company Booking Holdings and remains short medical device maker Align Technology. “This is a network type of business where you’re getting it at a 40% discount to the S&P,” Greenblatt said on “The Exchange” on Monday. It’s in a very good business, it’s essentially in a duopoly with Expedia.” “On the other hand, Greenblatt doubled down on his short thesis on Invisalign company, Align


Value investor and Gotham Funds co-chief investment officer Joel Greenblatt told CNBC that he likes online travel company Booking Holdings and remains short medical device maker Align Technology. “This is a network type of business where you’re getting it at a 40% discount to the S&P,” Greenblatt said on “The Exchange” on Monday. It’s in a very good business, it’s essentially in a duopoly with Expedia.” “On the other hand, Greenblatt doubled down on his short thesis on Invisalign company, Align
Value investor Joel Greenblatt says he likes Booking Holdings, thinks Align is too expensive Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: thomas franck, scott mlyn
Keywords: news, cnbc, companies, value, likes, times, company, investor, stock, holdings, joel, business, expensive, align, greenblatt, sp, good, thinks, booking, theres


Value investor Joel Greenblatt says he likes Booking Holdings, thinks Align is too expensive

Value investor and Gotham Funds co-chief investment officer Joel Greenblatt told CNBC that he likes online travel company Booking Holdings and remains short medical device maker Align Technology.

The longtime value investor said that while concerns over competition from Google and Airbnb are reasonable, Booking’s cheaper price and solid growth in earnings and sales are enough to make a compelling investment idea.

“This is a network type of business where you’re getting it at a 40% discount to the S&P,” Greenblatt said on “The Exchange” on Monday. “It’s an asset-light, cash flow machine. It’s in a very good business, it’s essentially in a duopoly with Expedia.”

Greenblatt added that the company — which operates sites including Booking.com, OpenTable and Kayak — has been active in buying back its outstanding equity, repurchasing about 8% in 2018. Booking generates more than half of its sales outside the U.S.

Shares of Booking Holdings, though up nearly 7% in 2019, are still underperforming the broader stock market over a slew of timelines. Its stock is down more than 11% over the last 12 months versus the S&P 500’s 9% gain. Expedia, on the other hand, is up 16.5% over the last year.

The founder of Gotham Capital famously had annual returns of 40 percent from 1985 to 2005 and authored New York Times best-seller “The Little Book That Still Beats the Market.”

On the other hand, Greenblatt doubled down on his short thesis on Invisalign company, Align. He argued that while the business itself isn’t problematic, the current price people have to pay for the stock appears lofty given recent patent expiration.

“A lot of their patents started coming off in 2017, there’s a lot of competition coming into the business. And at 50% discounts to the cost of their stuff,” he said. “So really not a good — I mean, it’s a great business, but there’s not a good case at this valuation level to be excited about it.”

The stock is up more than 11% over the last 12 months. Greenblatt said that the stock is current trading at more than 100 times free cash flow, giving it one of the highest valuations in the S&P 500.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: thomas franck, scott mlyn
Keywords: news, cnbc, companies, value, likes, times, company, investor, stock, holdings, joel, business, expensive, align, greenblatt, sp, good, thinks, booking, theres


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Venture fund 500 Startups says there are four new ‘tigers’ for mobile payments

We can no longer invest in on-demand, ride-sharing apps: 500 Startups 4:05 AM ET Tue, 9 April 2019 | 02:27As the current crop of tech unicorns — or start-ups valued at more than $1 billion — go public, venture fund 500 Startups is looking toward new frontiers for the next wave of innovation. “I think it is a really exciting time being in Silicon Valley and at the same time for us, as an early stage investor, it’s great to see,” Edith Yeung, partner and head of China at 500 Startups, told CNBC’s


We can no longer invest in on-demand, ride-sharing apps: 500 Startups 4:05 AM ET Tue, 9 April 2019 | 02:27As the current crop of tech unicorns — or start-ups valued at more than $1 billion — go public, venture fund 500 Startups is looking toward new frontiers for the next wave of innovation. “I think it is a really exciting time being in Silicon Valley and at the same time for us, as an early stage investor, it’s great to see,” Edith Yeung, partner and head of China at 500 Startups, told CNBC’s
Venture fund 500 Startups says there are four new ‘tigers’ for mobile payments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: eustance huang
Keywords: news, cnbc, companies, looking, work, venture, really, wait, payments, wave, fund, early, yeung, startups, mobile, 500, investor, tigers


Venture fund 500 Startups says there are four new 'tigers' for mobile payments

We can no longer invest in on-demand, ride-sharing apps: 500 Startups 4:05 AM ET Tue, 9 April 2019 | 02:27

As the current crop of tech unicorns — or start-ups valued at more than $1 billion — go public, venture fund 500 Startups is looking toward new frontiers for the next wave of innovation.

“I think it is a really exciting time being in Silicon Valley and at the same time for us, as an early stage investor, it’s great to see,” Edith Yeung, partner and head of China at 500 Startups, told CNBC’s “Squawk Box” on Tuesday.

“You literally have to wait at least 10 years to get to this point that you finally have … some sort of exit, but it’s really a sign for us that we need to get back to work and discover the next wave,” she said.

Yeung said her company, an early investor in Southeast Asian ride-hailing giant Grab, is looking at investments that “truly add value.”


Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: eustance huang
Keywords: news, cnbc, companies, looking, work, venture, really, wait, payments, wave, fund, early, yeung, startups, mobile, 500, investor, tigers


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Venture fund 500 Startups says there are four new ‘tigers’ for mobile payments

We can no longer invest in on-demand, ride-sharing apps: 500 Startups 4:05 AM ET Tue, 9 April 2019 | 02:27As the current crop of tech unicorns — or start-ups valued at more than $1 billion — go public, venture fund 500 Startups is looking toward new frontiers for the next wave of innovation. “I think it is a really exciting time being in Silicon Valley and at the same time for us, as an early stage investor, it’s great to see,” Edith Yeung, partner and head of China at 500 Startups, told CNBC’s


We can no longer invest in on-demand, ride-sharing apps: 500 Startups 4:05 AM ET Tue, 9 April 2019 | 02:27As the current crop of tech unicorns — or start-ups valued at more than $1 billion — go public, venture fund 500 Startups is looking toward new frontiers for the next wave of innovation. “I think it is a really exciting time being in Silicon Valley and at the same time for us, as an early stage investor, it’s great to see,” Edith Yeung, partner and head of China at 500 Startups, told CNBC’s
Venture fund 500 Startups says there are four new ‘tigers’ for mobile payments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: eustance huang
Keywords: news, cnbc, companies, looking, work, venture, really, wait, payments, wave, fund, early, yeung, startups, mobile, 500, investor, tigers


Venture fund 500 Startups says there are four new 'tigers' for mobile payments

We can no longer invest in on-demand, ride-sharing apps: 500 Startups 4:05 AM ET Tue, 9 April 2019 | 02:27

As the current crop of tech unicorns — or start-ups valued at more than $1 billion — go public, venture fund 500 Startups is looking toward new frontiers for the next wave of innovation.

“I think it is a really exciting time being in Silicon Valley and at the same time for us, as an early stage investor, it’s great to see,” Edith Yeung, partner and head of China at 500 Startups, told CNBC’s “Squawk Box” on Tuesday.

“You literally have to wait at least 10 years to get to this point that you finally have … some sort of exit, but it’s really a sign for us that we need to get back to work and discover the next wave,” she said.

Yeung said her company, an early investor in Southeast Asian ride-hailing giant Grab, is looking at investments that “truly add value.”


Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: eustance huang
Keywords: news, cnbc, companies, looking, work, venture, really, wait, payments, wave, fund, early, yeung, startups, mobile, 500, investor, tigers


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Apple is the best way to play 5G, says tech investor Gene Munster

There are some who think Apple may be left behind in the race for 5G. Last week, Verizon began rolling out its 5G wireless network. However, in a note to investors last week, UBS analyst Timothy Arcuri wrote that there is “increasing potential that Apple may not be able to ship a 5G iPhone for 2020.” Munster said anyone who thinks Apple will miss the 5G window has a “misguided view.” The other is the idea of Apple as a service company, a “more sustainable model,” he added.


There are some who think Apple may be left behind in the race for 5G. Last week, Verizon began rolling out its 5G wireless network. However, in a note to investors last week, UBS analyst Timothy Arcuri wrote that there is “increasing potential that Apple may not be able to ship a 5G iPhone for 2020.” Munster said anyone who thinks Apple will miss the 5G window has a “misguided view.” The other is the idea of Apple as a service company, a “more sustainable model,” he added.
Apple is the best way to play 5G, says tech investor Gene Munster Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: michelle fox, anthony kwan, bloomberg, getty images
Keywords: news, cnbc, companies, play, munster, company, 5g, iphone, quarter, numbers, way, tech, week, best, apple, verizon, think, gene, investor, thinks


Apple is the best way to play 5G, says tech investor Gene Munster

There are some who think Apple may be left behind in the race for 5G. Last week, Verizon began rolling out its 5G wireless network. Right now, only the Motorola Z3 supports the network, but Samsung will launch a Galaxy S10 5G model later this quarter that will be exclusive to Verizon to start.

However, in a note to investors last week, UBS analyst Timothy Arcuri wrote that there is “increasing potential that Apple may not be able to ship a 5G iPhone for 2020.”

He thinks it would be a near-term headwind. “Our install base and replacement analysis suggests iPhone can ultimately grow over the longer term,” Arcuri said.

Munster said anyone who thinks Apple will miss the 5G window has a “misguided view.”

“There’s two basic views of owning Apple. One is that this is a product cycle company and that you own it … when numbers are negative around the iPhone in anticipation of the numbers turning positive,” he said. “5G … will clearly drive that.”

The other is the idea of Apple as a service company, a “more sustainable model,” he added.

“Both of those narratives should get a lift” from 5G, he said. “That’s why I think it’s the best-positioned company. I feel strongly that this stock will act positively — hard to predict the quarter when that happens — but over the next two years we should get that lift.”

— CNBC’s Michael Sheetz and Todd Haselton contributed to this report.

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Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: michelle fox, anthony kwan, bloomberg, getty images
Keywords: news, cnbc, companies, play, munster, company, 5g, iphone, quarter, numbers, way, tech, week, best, apple, verizon, think, gene, investor, thinks


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