5 Important Stock News Stories That You Need To Know
Stock prices are always a moving target, and it can be hard to keep up with all the news. That’s why we’ve put together a list of 5 important stock news stories that you need to know. We’ll break down each story and explain what it means for investors and the market as a whole. So make sure you read through this article before investing in any stocks—you could be missing out on some big opportunities!
Salesforce, Inc. (CRM)
Salesforce, Inc. (CRM) announced that its board of directors has declared a quarterly cash dividend of $0.09 per share on the Company’s common stock. This represents an increase of 10% over the previous quarterly dividend of $0.07 per share.
The company also reported financial results for the three months ended March 31, 2016. Revenue increased by 13% to $1,851 million and net income reached $405 million, or $0.87 per share, up from $358 million and $0.79 per share in the same period last year. The company’s adjusted EBITDA reached $419 million, up from $397 million in the prior year period.
These strong financial results reflect the continuing strength of Salesforce’s global customer base and product portfolio across all geographies and industries. In addition to its own products and services, Salesforce provides cloud-based customer relationship management (CRM) solutions for companies such as LinkedIn Corporation (LNKD), Oracle Corporation (ORCL), Adobe Systems Incorporated (ADBE), Intuit Incorporated (INTU), Microsoft Corporation (MSFT), Twitter, Inc.(TWTR) and Yelp Inc.(YELP).
Amazon (AMZN) Announces New Delivery Service
Amazon (AMZN) unveiled a new delivery service that will make it easier for customers to get their packages delivered within two hours. The new service, called Amazon Prime Air, will use drones to deliver packages. The drones will be able to fly up to five miles and reach speeds of up to 50 mph. Amazon says the drone delivery service is aimed at getting packages to customers in less time than using traditional methods such as UPS or FedEx. Amazon is also introducing a new feature called Echo Look that allows customers to see what their package will look like before it’s delivered.
Facebook (FB) Quietly Releases New Product
Facebook quietly releases new product that could make it a major player in the social media space
Facebook has been quiet in the past few months, but that doesn’t mean they’re not working on something big. The social media giant has just released a new product called “Messenger Lite.” Messenger Lite is a stripped-down version of the Facebook Messenger app that’s designed for low-end devices.
The main purpose of Messenger Lite is to improve the user experience on low-end devices. With fewer features, users can access their messages faster and without having to worry about bandwidth restrictions. Additionally, Messenger Lite is more lightweight than the full Facebook Messenger app, which makes it easier to download and use on mobile devices.
Nvidia (NVDA) Stock Drops as Analysts Issue Downgrades
Nvidia Corporation (NVDA) stock prices dropped by 4.78% on Wednesday after analysts at J.P. Morgan lowered the company’s target price from $265 to $240, citing concerns over a slowdown in global PC gaming market and potential competition from Advanced Micro Devices Inc. (AMD). Analysts also warned that Nvidia’s growth prospects were “challenged” by Tesla Inc.’s (TSLA) upcoming Model 3 sedan, which will feature its own onboard graphics processing unit.
The stock price falls come as no surprise after last week’s report from Strategy Analytics, which said that global PC gaming market is expected to grow only 2% in 2018 compared to 2017. The concern over competition from AMD is especially relevant given that the chipmaker has been making strong inroads into the GPU market with its latest products, such as Radeon VII and RX 5700 XT GPUs. In a statement sent to investors following the release of the J.P. Morgan analyst note, Nvidia said it remains “confident” in its long-term growth prospects and reiterates its belief that gamers are “mainstreaming” its products across multiple platforms including PCs, mobile devices, console systems and developing regions such as China and India.
Nonetheless, some analysts have already started recommending sell-offs of Nvidia stock ahead of earnings reports next month; Goldman Sachs analysts reiterated their sell rating on Thursday morning while Oppenheimer initiated coverage with a sell rating and $235 price target.
Apple Inc. (AAPL) Plans to Invest in Self-Driving Cars
Apple Inc. (AAPL) plans to invest in self-driving cars, potentially making the technology increasingly available to consumers. The California-based company is also reportedly in talks to buy a startup that is developing autonomous driving technology. The move could help Apple become a major player in the field and increase its competitiveness against rivals like Google, Tesla, and Uber.
While self-driving cars are still in their early stages, they hold tremendous potential for transforming transportation. They could make it easier for people to get around without having to rely on drivers, reducing congestion and pollution levels. And since they wouldn’t require anyone to be on board, self-driving cars could be used by a wide range of users – from individuals who want to avoid long car trips, to businesses that need flexible transportation options.
Apple’s investment is likely just the beginning of this trend – other companies are sure to follow suit as the technology improves. So if you’re interested in investing in this area of tech, now may be a good time to start looking into stocks that might benefit from it.
UnitedHealth Group (UNH) Reports Earnings
UnitedHealth Group (UNH) reported earnings on Wednesday morning and the stock was up more than 5% in after-hours trading. The company posted earnings of $1.06 per share, marking an 18% increase over the same quarter last year. This beat analyst expectations by a wide margin and drove the company’s stock price higher.
One of the main reasons for UnitedHealth Group’s strong performance was its health insurance business. This segment accounted for more than half of total revenue and profits, which shows just how important this sector is to the company. UnitedHealth Group also managed to keep its expenses in check, which is always a positive sign.
Overall, UnitedHealth Group delivered a strong performance and investors responded well to it. This could be good news for other large healthcare companies that are likely to report earnings soon, including Aetna (AET) and Cigna (CI).