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InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Draft rules aimed at reining in the power of Facebook Inc, Alphabet Inc unit Google, Amazon.com Inc and Apple Inc should only target these U.S. tech giants, a leading EU lawmaker said, signalling a tougher stand than EU antitrust regulators.

The S&P 500 and the Dow rose on Tuesday, with the benchmark S&P 500 within 0.5% of its record high as investors cheered signs of an improving economy ahead of a week packed with major data that is expected to shed more light on the path of inflation.

Coinbase Global Inc launched a tie-up with Apple and Alphabet Inc's Google on Tuesday that will allow users to add cards from their accounts to the payment apps run by the two tech giants.

According to a Reuters report, Apple (AAPL) has delayed the launch of its podcast subscription service until June. The iPhone maker initially aimed to debut the service in May but encountered problems after uploading shows onto the platform. Apple's Podcasts have been around for years, offering free shows on a variety of topics. But in April, Apple announced it was introducing a premium podcast service that will enable listeners to support their favorite podcasters. In return, listeners will enjoy an enhanced experience with ad-free listening and access to exclusive content. “Apple Podcasts is the best place for listeners to discover and enjoy millions of great shows…We’re excited to introduce this powerful new platform to creators around the world,” said Apple’s Internet services head, Eddy Cue. Apple will let podcast creators set their subscription prices and decide what perks to offer to their listeners. For the opportunity to sell podcast subscriptions on Apple's platform, creators will pay a $19.99 annual fee. Additionally, Apple will take a cut of podcast subscription sales that the creators generate. The company’s commission will be 30% in the first year and 15% in subsequent years. The premium podcast service will expand Apple’s roster of subscription services, including Apple Music and Apple TV+. The company is increasingly leaning on service sales to drive growth. (See Apple stock analysis on TipRanks) Last week, New Street Research analyst Pierre Ferragu downgraded Apple stock to Sell from Hold, setting a price target of $90 (27.77% downside potential). The analyst anticipates weak iPhone demand in Fiscal 2022 after record sales in Fiscal 2021. “We see material downside risk – shipments in the 180-200m range vs. consensus at 234m,” noted Ferragu. Despite Ferragu's bearish stance, consensus among analysts on Wall Street is a Moderate Buy based on 18 Buy, 5 Hold, and 2 Sell ratings. The average analyst price target of $156.52 implies 25.61% upside potential to the current price. Related News: International Paper Sells Turkish Corrugated Packaging Business for €66M Japan Enlists TSMC to Advance Chip Technology – Report BP Exploring Algeria Assets’ Sale to Eni – Report

It is never too late to start investing for your kids' college education, but the earlier you start, the much better off you will be. If college is just a few years away and you haven't saved much, your strategy will be much different than if your kids are still small, or perhaps

Digital music company Believe, which scouts out singers and helps them to launch online, on Tuesday said it had set the price range for its initial public offering (IPO) in Paris at 19.50 to 22.50 euros per share.

Taiwan Semiconductor Manufacturing Co. (TSM) or TSMC will collaborate with Japanese companies on a government-backed project to advance chipmaking technologies in Japan. According to Nikkei Asia, Japan’s position in the global semiconductor industry has been declining. In a bid to improve the country’s competitiveness, the government sought TSMC’s help.  As a result, TSMC will set up a research and development facility in Japan in partnership with the government. It will use that facility to collaborate with more than 20 Japanese companies on semiconductor technology advancements. The participating companies will include Ibiden, Asahi Kasei, Shin-Etsu Chemical, Shibaura Mechatronics, and Nagase. TSMC will invest about $337 million in the project, which is about half of the project’s cost. The Japanese government will also fund the project. The research facility will be set up at the National Institute of Advanced Industrial Science and Technology in Ibaraki Prefecture. The project will begin with a trial before entering full operation in 2022. In addition to helping advance Japan’s chip technology, the Japanese government is also expecting TSMC to set up a manufacturing plant in the country. TSMC is the world’s largest contract chipmaker with customers including Apple (AAPL) and Qualcomm (QCOM). (See TSMC stock analysis on TipRanks) On April 15, Susquehanna analyst Mehdi Hosseini reiterated a Sell rating on TSM but raised the price target from $83 to $85, implying 27.57% downside potential. The analyst observed that TSMC’s $100 billion capex plan would drive revenue growth for the next three years, but depreciation and higher operating expenses will weigh on earnings.  “Strengthening demand environment, in our opinion, is enabling TSM to increase wafer prices across most nodes, though the sustainability of wafer price increase into 2022 and beyond is not clear,” noted Hosseini. Consensus among analysts on Wall Street is a Hold based on 1 Buy, 2 Hold, and 1 Sell ratings. The average analyst price target of $83 implies a 29.28% downside potential from the current price. TSM scores a “Perfect 10” on TipRanks’ Smart Score rating system, suggesting the stock is likely to outperform the market. Related News: Verizon Partners with AiFi to Enable Seamless Shopping At Indy 500 Bank of Nova Scotia Earnings Preview: Here’s What to Expect Airbnb: A Category Leader Poised for Long-Term Growth

Do You Have These Top Consumer Discretionary Stocks In Your June Watchlist?With the economy reopening and the current surge in consumer spending, consumer discretionary stocks could be worth watching now. Among the consumer-related stocks in the stock market today, this segment s

The last year and a has have been anything but typical on the stock markets. Bear markets, meme stocks, crazy volatility, and high-flying technology stocks may have left your head spinning about what to expect. You might have dumped some of your bank stocks last year only to see

In what seems like the early innings of a crypto revolution, many people wonder what's the best way to get exposure to the segment. Buying Bitcoin (CRYPTO: BTC) directly may seem like a hassle to some amid the various decisions -- how to buy it, where to buy it, and how to store

Taiwan's Foxconn on Monday announced a partnership with Thailand's state-run energy group PTT PCL to make electric cars in the Southeast Asian country, adding to a string of such deals by the iPhone assembler as it makes forays into the car market.

Research the best things you can buy for $100 and you might see drones, hoverboards, and voice-activated coffee makers. Fun stuff, for sure, but there's a different angle you can take with $100. Invest it and set yourself on a course for financial independence. Here are four affo

If there's one constant on Wall Street, it's that nothing remains constant for long. The combination of technological innovation, competitive advantages, acquisitions, and other tangible and intangible factors has a tendency to shake-up the world's largest companies on a regular

Every investor dreams of catching that one life-changing stock, buying it early in its life cycle, hanging on for dear life, and riding it to untold riches. While this sounds simple in theory, the reality is much more complex and difficult to achieve. The most difficult part of t

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Wall Street's major averages rose on Friday as investors shrugged off data showing a jump in inflation, although recent worries about a spike in prices kept the S&P 500 on course for its smallest monthly gain since February.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

In this video, I will talk about why I believe Apple (NASDAQ: AAPL) is always a buy and explain the famous Apple ecosystem and what makes it so special and lucrative. I'll also touch on the Epic Games v. Apple trial.