Technology

Amid the Dow Jones making fresh all time highs on the back of solid earnings by key Dow components, a largely unreported adverse development for the critical - for tech companies - ad sector has gone largely unnoticed this morning, when ad giant Interpublic reported a miss on 3Q adjusted EPS and revenue estimates, with CEO Michael Roth warning that "organic revenue was negatively impacted by broader trends that are being felt throughout much of the industry."

Interpublic now sees FY organic revenue growth of 1%-2%, below Jefferies' estimate of 2.1%.

After reports the iPhone 7 was outselling the iPhone 8 sent Apple’s stock lower on Wednesday, more troubling news about the company’s complication-plagued supply chain for the iPhone X, its special tenth anniversary model, emerged this morning courtesy of Nikkei, which is reporting the company has halved its planned shipments for the number of iPhone X’s it will sell by year’s end to 20 million.

Amazon is a world dominator and has slowly transformed into a multi-industry overlord since its 1994 inception as a

used book marketplace. CEO Jeff Bezos wields his influence in many areas, and entire US states compete for his company’s

next warehouse location by offering tax credit deals. Even established industry giants fearfully anticipate his next acquisition.

Recently, the company took control of Whole Foods, and the entire retail grocery market suffered prolonged stock value declines.

Only yesterday, we commented on the launch of the world’s first A.I.-driven ETF “EquBot LLC, in partnership with ETF Managers Group (ETFMG) launched the world’s first ETF powered by artificial intelligence, the AI Powered Equity ETF (NYSE Arca: AIEQ). According to Business Wire, the new ETF uses ‘cognitive and big data processing abilities of IBM Watson™ to analyze U.S.-listed investment opportunities”.

A mere 24 hours later and JPM has joined the party as Bloomberg reports, 

Presented with no comment...

Source: MichaelPRamirez.com