Today’s Research Reports on Stocks to Watch: Apple and Microsoft
Shares of Apple were gaining on Monday with the tech giant leading the way for other Silicon Valley stocks to rally. Goldman Sachs thinks Apple may soon be looking into an acquisition possibility after having money available overseas after it pays taxes. Shares of Microsoft also headed higher despite a lawsuit from IBM for “poaching” its chief diversity officer.RDI Initiates Coverage on: Apple Inc.
https://rdinvesting.com/news/?ticker=AAPL Microsoft Corporation
https://rdinvesting.com/news/?ticker=MSFT Apple Inc. shares closed high in the green up 4.03% yesterday on roughly double trading volume compared to usual. The stock was the biggest gainer in Bloomberg’s index of Silicon Valley’s largest tech stocks. According to Goldman Sachs, the iPhone maker could be ready to go on an acquisition hunt. Goldman Sachs analysts led by Rod Hall, said that "after paying taxes, Apple will have about $200 billion in newly available overseas cash to play with." The firm said, "On M&A in particular, Apple’s ability to unlock its significant overseas cash balance likely provides potential for larger acquisitions than the company’s historical preference for tuck-in deals." The firm also said, "We see capacity for several cash usage scenarios including an increased buyback (GSe $192bn over FY18-FY20), a higher dividend payout, and larger, more meaningful M&A, all of which could be positive events for the stock." It was also revealed that Apple, as well as LG, Immerex, Stillwater Holdings, and Valve, are together investing $10.6 million into eMagin, the leading manufacturer of active-matrix Organic LED (AM-OLED) microdisplays on silicon. eMagin will use the proceeds for "working capital and general corporate purposes." Access RDI’s Apple Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAPL Microsoft Corporation shares closed up 1.08% on about 35.8 million shares traded yesterday. The company has recently hired a chief diversity officer which has led to IBM suing the company. According to IBM, Microsoft has "poached" its chief diversity officer and human resources executive, Lindsay-Rae McIntyre. It was on Monday that a court issued a temporary restraining order that does not allow McIntyre to work at Microsoft until further notice. IBM said in a statement, "McIntyre was at the center of highly confidential and competitively sensitive information that has fueled IBM’s success in these areas. While we understand Microsoft’s need to deal with mounting criticism of its record on diversity, IBM intends to fully enforce Ms. McIntyre’s non-compete agreement to protect our competitive information." Access RDI’s Microsoft Corporation Research Report at:
https://rdinvesting.com/news/?ticker=MSFT Our Actionable Research on Apple Inc. (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT) downloaded free of charge at Research Driven Investing. Research Driven Investing We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection. RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document. Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer. CONTACT For any questions, inquiries, or comments reach out to us directly at: Address: Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011 Email: [email protected] CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.