The Zacks Analyst Blog Highlights: Apple, Amazon.com, Intel, Taiwan Semiconductor Manufacturing and Microsoft
CHICAGO, June 3, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Apple (Nasdaq:AAPL-Free Report), Amazon.com (Nasdaq:AMZN-Free Report), Intel (Nasdaq:INTC-Free Report), Taiwan Semiconductor Manufacturing Company (NYSE:TSM-Free Report) and Microsoft (Nasdaq:MSFT-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday's Analyst Blog:
Technology Stock Roundup: Apple Gets Beats, Intel Eyes China
While markets opened higher last Tuesday, some companies built on the lead with encouraging announcements right through the week:
Apple Adds Beats to Music Business
Apple (Nasdaq:AAPL-Free Report) has finally confirmed that it is acquiring Beats Electronics for $3 billion in cash and equity. Aside from the fact that this helps it differentiate its own music streaming service and acquire talent, Beats has the rare distinction of being profitable. Most other streaming businesses struggle with marketing expenses since a huge chunk of subscription fees have to be paid out as artist royalties. Beats has solved the problem with a specialized bit of hardware (headphones) that is reportedly generating a billion dollars in annual revenue.
Amazon Joins the Fray…
The music business is changing, with streaming companies eating into product sales. This has prompted online retailer Amazon.com (Nasdaq:AMZN-Free Report) to announce its own music streaming service. The service will be free for Prime subscribers, but the songs currently being offered will be at least six months old. Amazon has signed up a couple of music companies, but if it is able to generate sufficient volumes, it may be able to enter to into more profitable agreements and get more recent tracks into the fold.
Intel Leans on Rockchip to Target China
Intel (Nasdaq:INTC-Free Report) has signed an agreement with fabless SoC-maker Rockchip to target the low-end and entry-level Android-based mobile devices market in China. In addition to the joint development of an SoC under the Intel brand that will be manufactured by Taiwan Semiconductor Manufacturing Company (NYSE:TSM-Free Report), the agreement seeks to leverage Rockchip's marketing relationships in China. Rockchip remains an ARM licensee, but Intel can be the ultimate winner if it can take some share before moving production in-house. TSM will be using a 28nm process, which Intel can bring down to 14nm.
Microsoft Gets Into Wearables
Microsoft (Nasdaq:MSFT-Free Report) is being rumored to have a wearable device up its sleeve. Forbes says it's a wrist watch with a number of sensors for continued heart rate monitoring and a display on the inside of the wrist to make the readings more private. The device will likely synch with iPhones, Android phones and Windows Phones.
Microsoft is being very tight-lipped about the whole thing, just as it was when it picked up important wearables IP (connecting watch-type devices with head-mounted devices) from Osterhout Design Group for a reported $150 million back in March. But confirmed or not, investors are rejoicing, sending share prices up 2.6% following the news.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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