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3 Top Consumer Tech Stocks To Watch This Week

Could the current weakness in stocks turn these consumer tech players into top buys?
The post 3 Top Consumer Tech Stocks To Watch This Week appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Should Investors Be Watching These Top Consumer Tech Stocks Now?

While the broader stock market reverses course from its record-setting streak, consumer tech stocks could be in an interesting position. Sure, the bear argument for the sector now would be the reduction in retail sales and consumer sentiment in July. However, the consumer tech industry stretches far and wide across markets. It is important to note that some of the companies in this sector were the top performers of 2020. As a result, I can see investors keeping a close eye on consumer tech stocks in the stock market today.

For instance, we could take a look at the likes of Dell (NYSE: DELL) and Lyft (NASDAQ: LYFT). Arguably, both of these companies operate in rather distant fields from each other. But, the one factor linking the two is their application of tech to serve consumers. On one hand, Dell would likely continue to gain as coronavirus fears continue to extend work-from-home periods. On the other hand, the likes of Lyft could see more demand for its food delivery services among others. Additionally, Lyft is also reportedly working with Ford (NYSE: F) to develop self-driving cars for contactless ride-hailing services. This would show the constant innovation that the broader tech industry is mostly known for as well.

At the same time, another consumer tech company making headlines would be Square (NYSE: SQ). The California-based fintech firm mainly provides consumers with digital payment and related financial services. Despite the company’s current momentum amidst tailwinds in the digital payments industry, Square continues to press forward. Earlier this month, the company acquired Afterpay, a buy-now-pay-later (BNPL) service provider for $29 billion. Evidently, there is no shortage of excitement in the consumer tech world today. After considering all of this, could these consumer tech stocks be adding to your watchlist now?

Best Consumer Tech Stocks To Watch In August 2021

Uber Technologies Inc.

To begin with, we will be taking a look at Uber Technologies. If any company showcases the versatility of tech in the consumer space today, it would be Uber. For the most part, the California-based company is famous for its ride-sharing services. The likes of which were admittedly hit hard at the onslaught of the pandemic. Despite this setback, Uber, like many of its peers in the industry, has pivoted towards food delivery services. With improved delivery services, could UBER stock be worth buying?

Well, for one thing, Uber continues to wow investors on the financial front. In its latest quarter fiscal posted earlier this month, the company saw green across the board. Namely, Uber raked in a total revenue of $3.93 billion for the quarter. This marks an astounding 105% year-over-year increase. Additionally, the company also posted surges of 164% in net income and 156% in earnings per share over the same time. CEO Dara Khosrowshahi cited solid investments towards Uber’s drivers and offerings as a key growth driver for the quarter.

Even now, Uber continues to invest in its drivers. Yesterday, the company officially announced its ongoing partnership with GetUpside, a retail tech company. Through this partnership, Uber’s driver and delivery staff now have complete access to GetUpside’s fuel and convenience store promotions. This mainly includes a wide array of cashback promotions from gas refills and convenience store purchases.  Given the recent labor shortage, this would be a strategic play by Uber. Would all of this make UBER stock a top watch for you?

consumer tech stocks (UBER stock)
Source: TD Ameritrade TOS

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Intel Corporation

Following that, we have the Intel Corporation. Safe to say, Intel would be another top player to consider in the consumer tech industry today. This would be the case as the company’s processor chips are vital components in countless laptops in use today. Not to mention, with the current resurgence in Delta variant cases globally, work-from-home trends continue to persist. As such, I could see Intel gaining momentum among consumer markets and investors now.

On top of Intel’s current position in the booming semiconductor industry, the company continues pressing forward on the operational front. In its second-quarter fiscal reported last month, Intel posted a total revenue of $19.63 billion on earnings per share of $1.24, exceeding its Q2 guidance. Furthermore, the company also saw record second-quarter revenue in its PC and Mobileye divisions. CEO Pat Gelsinger said, “Our second-quarter results show that our momentum is building, our execution is improving, and customers continue to choose us for leadership products.

If that wasn’t enough, Intel also revealed the name of its high-performance graphics card brand, Intel Arc, this week. According to the company, the new graphics processing units (GPUs) are set to launch in the first quarter of 2022. This would mark a significant move by Intel as it expands into the hot GPU market now. Given all of this, will you be adding INTC stock to your watchlist this week?

top consumer tech stocks (INTC stock)
Source: TD Ameritrade TOS

[Read More] 4 Artificial Intelligence Stocks To Watch Right Now

Microsoft Corporation

Microsoft is next up on our list of the top consumer tech stocks in focus now. Similar to our previous entry, the company has a hand in the PC and laptop consumer markets. Aside from that, Microsoft is also known for its Windows operating system to its comprehensive Microsoft Azure cloud computing arm. More importantly, MSFT stock continues to gain towards newer heights with year-to-date gains of over 34%. Even against the backdrop of yesterday’s selloffs, MSFT stock remains mostly unaffected. This would go to show the strength of Microsoft’s core businesses as investors continue to flock towards the company’s shares. 

Speaking of the company’s business, Microsoft continues to bolster and expand its portfolio now. In a blog post earlier this week, the company confirmed that it has received an Authorization to Operate (ATO) from the U.S. Intelligence Community Directive. With this ATO, Microsoft’s Azure Government Top Secret cloud region can be made available to its designated markets. Simply put, this part of Azure is specially designed to “house and protect top-secret data” for the U.S. intelligence community.

Meanwhile, Microsoft is also reportedly investing in software startup Rubrik Inc. According to Bloomberg, the estimated funding is in the range of about $4 billion. Now, the duo is reportedly looking to jointly develop cybersecurity products focused on helping customers fight off ransomware attacks. With the alarming rise in ransomware attacks globally this year, this move makes sense. With Microsoft kicking into high gear across the board, will you be watching MSFT stock?

MSFT stock
Source: TD Ameritrade TOS

The post 3 Top Consumer Tech Stocks To Watch This Week appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Homes listed for sale in early June sell for $7,700 more

New Zillow research suggests the spring home shopping season may see a second wave this summer if mortgage rates fall
The post Homes listed for sale in…

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  • A Zillow analysis of 2023 home sales finds homes listed in the first two weeks of June sold for 2.3% more. 
  • The best time to list a home for sale is a month later than it was in 2019, likely driven by mortgage rates.
  • The best time to list can be as early as the second half of February in San Francisco, and as late as the first half of July in New York and Philadelphia. 

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June. A new Zillow® analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more, a $7,700 boost on a typical U.S. home.  

The best time to list consistently had been early May in the years leading up to the pandemic. The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later. 

The 2.3% sale price premium registered last June followed the first spring in more than 15 years with mortgage rates over 6% on a 30-year fixed-rate loan. The high rates put home buyers on the back foot, and as rates continued upward through May, they were still reassessing and less likely to bid boldly. In June, however, rates pulled back a little from 6.79% to 6.67%, which likely presented an opportunity for determined buyers heading into summer. More buyers understood their market position and could afford to transact, boosting competition and sale prices.

The old logic was that sellers could earn a premium by listing in late spring, when search activity hit its peak. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest. If mortgage rates follow, that could bring another surge of buyers later this year.

Mortgage rates have been impacting affordability and sale prices since they began rising rapidly two years ago. In 2022, sellers nationwide saw the highest sale premium when they listed their home in late March, right before rates barreled past 5% and continued climbing. 

Zillow’s research finds the best time to list can vary widely by metropolitan area. In 2023, it was as early as the second half of February in San Francisco, and as late as the first half of July in New York. Thirty of the top 35 largest metro areas saw for-sale listings command the highest sale prices between May and early July last year. 

Zillow also found a wide range in the sale price premiums associated with homes listed during those peak periods. At the hottest time of the year in San Jose, homes sold for 5.5% more, a $88,000 boost on a typical home. Meanwhile, homes in San Antonio sold for 1.9% more during that same time period.  

 

Metropolitan Area Best Time to List Price Premium Dollar Boost
United States First half of June 2.3% $7,700
New York, NY First half of July 2.4% $15,500
Los Angeles, CA First half of May 4.1% $39,300
Chicago, IL First half of June 2.8% $8,800
Dallas, TX First half of June 2.5% $9,200
Houston, TX Second half of April 2.0% $6,200
Washington, DC Second half of June 2.2% $12,700
Philadelphia, PA First half of July 2.4% $8,200
Miami, FL First half of June 2.3% $12,900
Atlanta, GA Second half of June 2.3% $8,700
Boston, MA Second half of May 3.5% $23,600
Phoenix, AZ First half of June 3.2% $14,700
San Francisco, CA Second half of February 4.2% $50,300
Riverside, CA First half of May 2.7% $15,600
Detroit, MI First half of July 3.3% $7,900
Seattle, WA First half of June 4.3% $31,500
Minneapolis, MN Second half of May 3.7% $13,400
San Diego, CA Second half of April 3.1% $29,600
Tampa, FL Second half of June 2.1% $8,000
Denver, CO Second half of May 2.9% $16,900
Baltimore, MD First half of July 2.2% $8,200
St. Louis, MO First half of June 2.9% $7,000
Orlando, FL First half of June 2.2% $8,700
Charlotte, NC Second half of May 3.0% $11,000
San Antonio, TX First half of June 1.9% $5,400
Portland, OR Second half of April 2.6% $14,300
Sacramento, CA First half of June 3.2% $17,900
Pittsburgh, PA Second half of June 2.3% $4,700
Cincinnati, OH Second half of April 2.7% $7,500
Austin, TX Second half of May 2.8% $12,600
Las Vegas, NV First half of June 3.4% $14,600
Kansas City, MO Second half of May 2.5% $7,300
Columbus, OH Second half of June 3.3% $10,400
Indianapolis, IN First half of July 3.0% $8,100
Cleveland, OH First half of July  3.4% $7,400
San Jose, CA First half of June 5.5% $88,400

 

The post Homes listed for sale in early June sell for $7,700 more appeared first on Zillow Research.

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Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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International

Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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