Apple's foldable iPhone plan
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Yahoo
27 minutes ago
- Yahoo
TEGNA (TGNA) Stock Trades Up, Here Is Why
What Happened? Shares of broadcasting and digital media company TEGNA (NYSE:TGNA) jumped 3.4% in the afternoon session after the United States and Japan reached a new trade agreement. The television broadcasting company's stock rose in the absence of any specific company news or press releases. Instead, the upward move appeared tied to positive sentiment across the wider market. Investor optimism was fueled by the announcement of a new trade deal between the U.S. and Japan, which spurred a rally across major U.S. equity indexes, including the S&P 500 and the Dow Jones Industrial Average. This favorable macroeconomic backdrop often lifts individual stocks as overall market risk appetite increases. After the initial pop the shares cooled down to $17.20, up 3.3% from previous close. Is now the time to buy TEGNA? Access our full analysis report here, it's free. What Is The Market Telling Us TEGNA's shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. TEGNA is down 8.4% since the beginning of the year, and at $17.20 per share, it is trading 11% below its 52-week high of $19.32 from November 2024. Investors who bought $1,000 worth of TEGNA's shares 5 years ago would now be looking at an investment worth $1,469. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Apple (AAPL) Stock Rated Hold as HSBC Flags AI Letdown and Tariff Risks
Apple Inc. (NASDAQ:) is one of the . On July 18, HSBC maintained a 'Hold' rating on the stock with a $220 price target. The firm has quoted a '5% regulatory discount' and warned that tariff and legal uncertainties may limit near-term upside. HBSC analysts claim that Apple's AI efforts for driving hardware upgrades through artificial intelligence have been falling short. Therefore, it needs a more compelling AI experience to revive AI sales. 'The iPhone still represents about half of Apple's sales,' HSBC wrote. But 'initial hopes that AI would accelerate the renewal cycle have been short-lived.' According to the bank, Apple Intelligence has 'so far failed to trigger significant improvement in user experience.' A delayed AI-powered Siri implies users may be delaying iPhone upgrades, which is why the company is relying on hardware upgrades to boost demand. 'Better specs with iPhone 17 in September should entertain the demand, in-line with what has been seen with the iPhone 16.' Tariffs are also a major concern for the company. The firm believes that the company 'cannot re-localise production fast enough to avoid U.S. tariff hikes.' Apple is a technology company known for its consumer electronics, software, and services. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
CNBC
an hour ago
- CNBC
Alphabet shares rebound after-hours as CEO says AI driving more queries, 'Fast Money' traders react
CNBC's MacKenzie Sigalos joins 'Fast Money' to talk the latest out of Alphabet's earnings call and what is driving the stock higher in overtime.
