The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Despite global macroeconomic conditions, Apple's stock has more room for upside, Needham & Co. analyst Laura Martin said Wednesday.
"We think if you took Apple's moniker off it and you laid it against the Walt Disney Co., Apple's had higher margins for the last five years. It's had higher earnings-per-asset employed than Facebook for the last five years, " she told CNBC's "Fast Money Halftime Report. "
Martin, who has a $150 price target on the company, said if you took the hardware label off Apple products, the overall value of the tech giant would be considerably higher. She also cited the expansion of a global mobile footprint as a major component of Apple's potential growth.
"I think the big call here is that the consumer is replacing his wires in the ground with a global mobile footprint, and Apple has a dominant position in the wealthiest aspect of that," said Martin. "Apple has 16 percent of the global smartphone market."
Though Android's price of hardware is about $300, Apple's average price is about $700 of which $300 is the hardware and $400 is the subscription revenue stream consumers buy into, she added.
"What we found with our survey data is it's an eight-year average hold of a smartphone ecosystem, meaning if you're in Apple, you stay there eight years. That feels like a subscription business to me just like the cable companies."
The Apple ecosystem is extensive, Martin said. It now includes more high-tech apps, better service in stores and even increased security in Apple products. The company also has other offerings that Martin feels are key drivers of Apple's future revenue stream.
"I really like the Apple Pay business, and I really like this focus on cars and other services that increase the annuity stream business of Apple and increase the revenue of their billion active devices today."
Disclosure: Needham & Co. is a market maker for Apple.