Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
There are no good stocks to buy in the IT hardware sector, according to top-rated technology analyst Toni Sacconaghi.
"A key question is whether investors should now look to build positions? The short answer is not yet," Sacconaghi said in a note to clients Tuesday.
In the past year, all of the listed stocks, with the exception of Dell, have lagged the broader market. Apple is down 2% in the last 12 months, while the Nasdaq is up 2%.
The S&P 500 is up nearly 4% in the past year, but Hewlett Packard Enterprises is down 10%, HP is down 24% and IBM is down 2%. These falling valuations are keeping Bernstein from buying any stocks in the embattled sector.
"While we do see plausible trades for all 5 of our stocks, we struggle to identify catalysts for some, while others aren't particularly attractive from a valuation perspective," said Sacconaghi, rated consistently the No.1 Apple analyst by Institutional Investor magazine.
The firm said the 5G cycle could be big for Apple, but visibility is low regarding the upcoming 2020 iPhone cycle. Meanwhile, the stock is expensive compared with historical levels.
"Notably, another particularly weak cycle could result in a break in the stock price akin to last year, presenting a buying opportunity," said Sacconaghi.
Bernstein said that to get positive on computer hardware company IBM, the company would need to start beating on revenues next year.
HP is inexpensive; however, "management's credibility is low, and we struggle to see any near-term catalysts," Sacconaghi added. While, Hewlett Packard Enterprises is "structurally challenged."
— With reporting from CNBC's Michael Bloom.