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Top 5 Tech Stocks To Own Right Now

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Even better, those who listened to him cashed a 220% win on the same stock two weeks later.

And over the past 45 trading days alone, he’s identified 16 triple-digit winners.

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Top 5 Tech Stocks To Own Right Now: Kingtone Wirelessinfo Solution Holding Ltd(KONE)

Advisors’ Opinion:

  • [By Money Morning News Team]

    While a 209% gain is exciting, FunctionX’s gains are in the past. After looking at the 10 top penny stocks to watch this week, we’ll show you a small-cap stock with serious profit potential ahead of it…

    Penny Stock Current Share Price Law Week’s Gain
    FunctionX Inc. (OTCMKTS: FNCX) $0.03 209%
    Turtle Beach Corp. (Nasdaq: HEAR) $4.48 52.73%
    DPW Holdings Inc. (NYSE: DPW) $1.16 51.31%
    Energy XXI Gulf Coast Inc. (Nasdaq: EGC) $5.62 49.33%
    MYnd Analytics Inc. (Nasdaq: MYND) $1.91 49.21%
    Kingtone Wirelessinfo Solutions Holding Ltd. (Nasdaq: KONE) $6.43 48.42%
    Rennova Health Inc. (OTCMKTS: RNVA) $0.02 44.30%
    International Tower Hill Mines Ltd. (NYSE: THM) $0.72 41.64%
    Blonder Tongue Labs Inc. (NYSE: BDR) $1.13 41.14%
    Bellicum Pharmaceuticals Inc. (Nasdaq: BLCM) $8.87 40.53%

    As the gains above suggest, penny stocks can provides tremendous returns for investors very quickly. However, it’s important to note that investing in penny stocks is also inherently risky.

Top 5 Tech Stocks To Own Right Now: Microsoft Corporation(MSFT)

Advisors’ Opinion:

  • [By Paul Ausick]

    The Dow stock posting the largest daily percentage loss ahead of the close Tuesday was Microsoft Corp. (NASDAQ: MSFT) which traded down 4.71% at $89.36. The stock’s 52-week range is $64.65 to $97.24. Volume was about 20% above the daily average of around 31.8 million. Today’s giveback totaled more than half of yesterday’s big gain.

  • [By ]

    In addition, Corvex Management’s Keith Meister reported owning new significant stakes in Intercontinental Exchange Inc. ( (ICE) ), Microsoft Corp.  (MSFT) , Monsanto Co. (MON) , Qualcomm Inc. (QCOM) , Salesforce.com Inc. (CRM) and Servicenow Inc. (NOW)

  • [By ]

    Here’s everything you must know before Thursday’s opening bell:

    Facebook (FB) posted first-quarter earnings and revenue that beat analysts’ expectations. Ford (F) plans to shed most of its North American car lineup as customer preference has shifted to pickups and crossovers.  Deutsche Bank (DB) said it was planning “significant” job cuts for its global investment banking division. Investors will analyze earnings from Amazon (AMZN) and Microsoft (MSFT) .    U.S. stock futures pointed toward a modestly higher open.

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  • [By ]

    Akamai has long been rumored to be a prime takeover candidate by big-tech names such as Cisco (CSCO) and Microsoft (MSFT) . Credit Suisse tech analyst Brad Zelnick recently speculated the most ideal fit for Akamai would be IBM (IBM) . 

Top 5 Tech Stocks To Own Right Now: Apple Inc.(AAPL)

Advisors’ Opinion:

  • [By Leo Sun]

    Microsoft’s biggest mistake in the past decade was losing the mobile device market to Apple’s (NASDAQ:AAPL) iOS and Alphabet’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Android. However, CEO Satya Nadella’s strategy of launching Microsoft apps on iOS and Android kept the company relevant in the mobile market without a dominant OS.

  • [By Paul Ausick]

    Revenues generated by mobile apps and game sales rose 35% year over year in 2017 to $58.6 billion. Apple Inc. (NASDAQ: AAPL) nabbed $38.5 billion in sales at its App Store through in-app purchases, subscriptions, and premium apps, almost double the $20.1 billion total generated by Alphabet Inc. (NASDAQ: GOOGL) at Google Play.

  • [By Paul Ausick]

    Apple Inc. (NASDAQ: AAPL) traded down 2.75% at $172.95. The stock’s 52-week range is $141.16 to $183.50. Volume was about 25% below the daily average of around 38 million. There company announced this morning that it plans to hire 1,000 IT workers to strengthen its position against e-commerce behemoth Amazon.

Top 5 Tech Stocks To Own Right Now: Standex International Corporation(SXI)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Synex International (TSE:SXI) Director Glenn Stanley Mcdonnell sold 250,000 shares of the stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of C$0.50, for a total transaction of C$125,000.00.

Top 5 Tech Stocks To Own Right Now: American Superconductor Corporation(AMSC)

Advisors’ Opinion:

  • [By Money Morning News Team]

    American Superconductor Corp.(Nasdaq: AMSC), based in Massachusetts, manufactures two-megawatt wind turbines and supplies for the construction of electrical power grids.

5 Things Investors Learned About Fitbit Inc (FIT) Stock in 2017

> Twitter Logo RSS Logo Will Ashworth Popular Posts: 7 Dividend Aristocrats to Buy for Growth, TooWhy Sprint Corp (S) Stock Has the Touch of DeathAlibaba Group Holding Ltd (BABA) vs Mercadolibre Inc (MELI) Recent Posts: 5 Things Investors Learned About Fitbit Inc (FIT) Stock in 2017 7 Non-Tech Stocks Using Tech to Win 7 Dividend Aristocrats to Buy for Growth, Too View All Posts

It hasn’t been a great year for CEO James Park and the rest of the Fitbit Inc (NYSE:FIT) shareholders who’ve seen FIT stock lose almost 18% of its value year to date through Aug. 31 on top of a 75% loss in 2016. Ouch. Ouch. Triple ouch!

5 Things Investors Learned About Fitbit Inc (FIT) Stock in 2017Source: Shutterstock

It’s hard to believe Fitbit finished 2015 with a market cap of $4.9 billion, three-and-a-half times larger than it is today.

There’s no denying what can happen when a company bets on the wrong horse. In the case of Fitbit, it would be its hard press on fitness trackers when the consumer was calling for smart watches that incorporate fitness into the product. 

Hindsight is 20/20, but that’s why CEOs get paid so much — to make the right calls. James Park didn’t, and it’s cost him a lot of money.

I’ve written about Fitbit for InvestorPlace four times this year. I thought I’d go back through those articles to find five kernels of knowledge I’ve gained about the company as we’ve rolled through 2017.

Right or wrong, they’ll determine how FIT stock does the rest of year and into 2018.

Market Share

In early February I wondered if Garmin Ltd. (NASDAQ:GRMN) and Fitbit made a good long/short play because Garmin was wading into the smartwatch industry and Fitbit was losing market share.

At the end of September 2016, Fitbit had 23% market share. By the middle of 2017, according to International Data Corporation, it was down to 12.3%, behind both Apple Inc. (NASDAQ:AAPL) and Xiaomi at 14.6%.

So, in nine months, Fitbit lost almost half its market share. I guess that’s why its stock’s dropped by more than half, as well.

Cash Levels

Also, in my story from early February, I worried about Fitbit’s comfy cash position disappearing — it sat at $672 million at the end of Q3 2016 — but it’s stayed remarkably consistent — it was $675.8 million at the end of June — thanks to significantly cutting its accounts payable outstanding.

While this can’t go on forever, it’s a sign the company is at least trying to cut its costs and keep the coffers flush. On the downside, the revenue reduction year over year means it’s got to do a lot more if it ever wants to make money again.

While revenues in the second quarter were down by 39.8% from a year earlier, operating expenses declined by just 9.6%, and R&D went up. 

There Are Better Alternatives

The one thing I always consider when analyzing a stock is whether there are better alternatives available. Stocks that are making money and don’t carry the same level of risk.

In my article in late February I suggested to readers that Apple would make a better buy than FIT stock; since then, Fitbit stock has been flat while AAPL stock is up 21.0% through August 31.

Sometimes you can have your cake and eat it too.

Cheap Stocks

In April, I did bend a little bit on my opinion of Fitbit, suggesting it made a good buy around $5.40 where it was trading.

“If you’re a speculator, FIT stock is the ideal play at these prices. If you’re a buy-and-hold investor, I believe there’s too much risk associated with owning Fitbit,” I wrote April 17 discussing $5 stocks. “You’re better to own Aegon N.V. (ADR) (NYSE:AEG) if you’re a more conservative investor and if you’re like me and believe in the future for Latin American stocks, Companhia Siderurgica Nacional (ADR) (NYSE:SID) also makes sense, but only as a non-core and tiny piece of your investment portfolio.”

In the four months since FIT, AEG, and SID are up 9.6%, 23.1%, and 14.8% respectively, compared to 6.0% for the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the same period.

Clearly, investors felt all three of these stocks had bottomed in price.

Next Page

Chance of a Buyout

I realize the financial media have beaten this subject to death, but that doesn’t make it any less real.

In May, I argued that FIT stock is worth the risk because its balance sheet is still strong, something I referenced earlier, and someone will buy it, more likely a private-equity firm than Garmin or another competitor.

Here’s why. 

Private-equity firms look for one of two things in any acquisition.

First, they look for businesses that they can grow through bolt-on purchases that strengthen the entire operation while allowing for additional organic growth. It’s the multiplier factor if you will.

Secondly, they look for businesses whose cost structure is out of whack and quickly reduced to better reflect a company’s overall revenue. That’s Fitbit to a tee. Its R&D is still way out of line with reasonable growth expectations in the next 12-24 months.

It wouldn’t surprise me if a private equity firm swooped in later this year or early in 2018 and offered to buy Fitbit for $9 a share, which works out to three times its enterprise value.

The big question is whether majority owner and CEO James Park would sell.

Bottom Line on FIT Stock

Unless Fitbit reverses course — it had surprisingly good Q2 2017 numbers — I don’t see its stock retreating from where it currently trades around $6.

What I’ve learned about Fitbit in 2017 is that it’s remarkably resilient; aggressive investors should benefit in the next 6-12 months either through a higher stock price or a buyout.

As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities.

Berkshire Stock: A Low-Risk, High-Return Stock For Your Portfolio

In his seminal paper on portfolio management, Harry Markowitz had identified risk and return as the two most important variables in investment decision making. Any rational investor is supposed to minimize his risks, while maximising his return. However, risk and return go hand in hand. Hence, most of the times, it is extremely difficult to find investments that give superior risk-adjusted returns. This is not to say that there aren’t any such investments available. Warren Buffett-led Berkshire Hathaway (NYSE:BRK.B) is one investment which has given superior risk-adjusted returns.

Over the last decade, Berkshire stock has returned around 132%, almost double the 68% return provided by the S&P 500. From 1964 through 2016, Berkshire’s compounded annual growth is 20.8%, more than twice the annual gain of the S&P 500 index during the same period. Overall, Berkshire stock has returned a mind-blowing 1,972,595%.

(Source: Amigobulls)

What is more impressive is the fact that the stock carries lower risk compared to the market. Berkshire stock has a regression beta of around 0.87, indicating that an investment in the stock is less risky than investing in the S&P 500 or the Nasdaq Composite.

Diversified portfolio reduces risk

In the above-mentioned paper, Harry Markowitz had suggested diversification as the best method of reducing your portfolio risk. Well, Berkshire does just that. The company has investments in over 90 companies, of which more than 40 are listed. Berkshire has interest in industries varying from insurance and banking to transportation, tech, energy, airlines, automakers, retailers, and others.

Berkshire is the largest shareholder in two major banks: Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC). It has investments in Coca-Cola (NYSE:KO), Heinz (NASDAQ:KHC), tech giant Apple (NASDAQ:AAPL) and several other companies. This wide diversification gives the company a natural hedge. A downtrend in one sector is made up by the good performance in another. In the recent quarter, for example, loss from insurance underwriting was offset by the improvement in its BNSF railroad business. This huge diversification reduces the unsystematic risk of the stock. This diversification is the main reason why the company has a very low beta of 0.87.

Can the company continue its impressive performance?

While Berkshire has delivered strong results in the past, can the performance continue? Given the strength of its core business and investments portfolio, the answer is most likely yes. The company acts partly like a conglomerate (with several subsidiaries) and partly as an active portfolio management service.

Berkshire’s core business has been transforming. Insurance still remains a large chunk of the company’s business, though it is no longer the largest segment. The insurance segment’s contribution to overall earnings has dropped from 60% in 2009 to less than 25% in the second quarter of 2017. While insurance business disappointed in the second quarter, long-term growth remains strong.

Geico, the No. 2 US auto insurer, continued to write new auto insurance policies aggressively (with policies in f orce up about 300,000) in the second quarter. Premium growth in the period was 16%. This high growth dampened the insurance segment’s results because the company incurs one-time expenses for new policies. However, Berkshire expects these policies to contribute to the bottom line over time. The insurance business is also a cash cow for the company, helping it to finance its investments in other businesses.

With the recent acquisition of Precision Castparts in 2016, manufacturing has become the largest segment for the company. In the second quarter, the manufacturing, service, and retailing segment generated $1.7 billion in revenues, up 11% YoY. This segment will continue to benefit from domestic as well as global economic growth. In the month of August, U.S manufacturing grew at the fastest pace since 2011. Global manufacturing growth is also picking up, driven by improving demand and buoyed by stronger economic growth.

The company’s railroad, Burlington Northern Santa Fe (BNSF), continues to contribute solid revenue and earnings growth. Its profitability jumped 24% in the second quarter, contributing $958 million to operating earnings this quarter. The US rail freight traffic has continued to show growth in the year-to-day period, which is good for BNSF’s growth.

Warren Buffett’s Cash Problem

Berkshire has always maintained excess cash on its books. Recently, Warren Buffett said that he won’t allow the cash level to fall below $20 billion. This dry powder has allowed Berkshire to snap up investment opportunities as and when they arise. Case in point, its investment in Bank of America. Back in 2011, Berkshire invested $5 billion in Bank of America in exchange for preferred stock and the right to buy 700 million common shares at an exercise price of just $7.14 each. The company exercised this right when the shares were trading above $24, resulting in a gain of about $12 billion on investment of $5 billion in just six years. The $12 billion in gains come on top of more than $1.5 billion in dividends from the preferred stake over the past six years.

However, Berkshire’s cash hoard is now increasingly becoming a problem. The company has around $100 billion in cash, 5x its minimum threshold. While the cash hoard reduces risks, it also suppresses return, especially given the current low-yield environment.

(Source: Bloomberg)

The company has been trying to put this money to work by taking the acquisition route. However, it has met with failure so far. In spite of Warren Buffett’s legendary deal-making ability, the company has come out empty-handed in its last two acquisition attempts. And given the historically high valuations, finding a right candidate is likely to be tough. A Bloomberg Gadfly analysis in May did find a bunch of companies that could attract the Oracle of Omaha. Given the success of Berkshire’s recent acquisitions, such as BNSF railroad and Precision Castparts, an acquisition could provide an immediate boost to the stock price.

All in all, Berkshire stock has a strong potential of returning superior risk-adjusted returns.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: This article was written by Kumar Abhishek, an equity analyst at Amigobulls. Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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10 best stocks

Image source: Universal Orlando.

The battle lines have been drawn in Central Florida.Comcast’s (NASDAQ:CMCSA) Universal Orlando announced earlier this week that it’s opening the Volcano Bay water park on May 25, just in time for Memorial Day weekend and the subsequent summertime crowds.

Disney (NYSE:DIS) hasn’t unveiled an official opening date for Pandora: The World of Avatar, the immersiveAvatar-themed expansion at Disney’s Animal Kingdom. It’s still loosely clinging to a summertime debut. However, the recent rollout of a new discounted multi-day ticket for Florida residents blacks out availability at Animal Kingdom — and only Animal Kingdom — from May 27 until when the passes expire on June 9. Does that mean Pandora will open on May 27, also in time for the holiday weekend crowds?

It’s going to be an interesting Memorial Day weekend, and things will get even more action-packed as the seasonally potent summer crowds start to arrive a couple of weeks later. Two of the biggest new theme-park attractions to open in the area since Universal Orlando’s 2014 opening of Harry Potter’s Diagon Alley expansion and Disney World’s 2012 New Fantasyland debut are about to open possibly just two days apart. Throw in the Jimmy Fallon attraction opening at Universal Studios Florida a month earlier, and you have Comcast and Disney making major investments to win over visitors this year.

10 best stocks: Apple Inc.(AAPL)

Advisors’ Opinion:

  • [By Daniel Sparks]

    Apple (NASDAQ:AAPL) stock has seemingly been hitting new highs every week recently. And now the tech giant’s stock has passed $140 and is trading just over $141 this week. With the stock rising 21% in the past three months, it’s a good time to take a look at Apple’s overall business and ponder what’s next for the tech giant.

  • [By Jon C. Ogg]

    When it comes to the Dow Jones Industrial Average, Apple Inc. (NASDAQ: AAPL) has rallied to the point that it is the Dow’s best stock so far in 2017. The analyst brigade on Wall Street has tended to be very positive since 2016. In fact, analysts have been largely raising price targets and maintaining Buy or Outperform ratings for months.

  • [By Craig Jones]

    Pete Najarian also spoke about high call options volume in the weekly calls in Apple Inc.(NASDAQ: AAPL). He said that traders were buying the April weekly, 141 strike calls and the April weekly, 142 strike calls.

  • [By Paul Ausick]

    Shares of Apple Inc. (NASDAQ: AAPL) posted a new 52-week high last Wednesday and the stock gained about 2.7% to close the week at $135.72. Apple stock has gained about 17.2% for the year to date and remains the Dow Jones Industrial Average’s best performing stock this year.

  • [By Douglas A. McIntyre]

    And those big tech stocks continue to sell off. Apple Inc. (NASDAQ: AAPL), Amazon, Alphabet Inc. (NASDAQ: GOOGL), Facebook and Microsoft Corp. (NASDAQ: MSFT) have lost over $100 billion in combined market cap in less than two weeks.

  • [By Jayson Derrick]

    In its monthly Investor Movement Index report, the brokerage noted its clients were net sellers of Apple Inc. (NASDAQ: AAPL) throughout February as the stock traded above all-time highs and topped the $700 billion valuation mark. 

10 best stocks: Huntington Ingalls Industries, Inc.(HII)

Advisors’ Opinion:

  • [By Rich Smith]

    As details about the Pentagon’s plan have emerged, it’s become clear that this will be a sizable program, amounting to perhaps $1 trillion in spending over 30 years — not just to upgrade the Minuteman missiles, but also to buy new B-21 stealth bombers from Northrop Grumman (NYSE:NOC)and have General Dynamics (NYSE:GD) and Huntington Ingalls (NYSE:HII) design an entirely new class of ballistic missile submarines (to be known as the “Columbia class.”)

  • [By Rich Smith]

    Huntington Ingalls’ (NYSE:HII) Ford-class supercarrier seems one likely suspect — and at $14 billiona pop, this gigantic aircraft carrier offers a big potential target for Trump’s next tweet storm.

  • [By WWW.MONEYSHOW.COM]

    Huntington Ingalls Industries (HII) is the largest repairer and ship builder for the U.S. Navy and U.S. coast guard, giving the company a near monopoly on these government contracts (which is why their return on equity is north of 27%).

10 best stocks: Rogers Corporation(ROG)

Advisors’ Opinion:

  • [By Anders Bylund]

    Shares of Rogers Corp. (NYSE:ROG) gained 19.9% in April 2017, according to data from S&P Global Market Intelligence.

    So what

    The company reported first-quarter results on April 26, sending share prices nearly 12% higher the next day. Rogers saw 27% year-over-year sales growth and 79% higher earnings, leaving analyst estimates far behind in both cases.

  • [By WWW.GURUFOCUS.COM]

    For the details of Wintergreen Fund’s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Wintergreen+Fund

    These are the top 5 holdings of Wintergreen FundReynolds American Inc (RAI) – 1,643,159 shares, 24.5% of the total portfolio. Consolidated-Tomoka Land Co (CTO) – 1,232,334 shares, 15.61% of the total portfolio. British American Tobacco PLC (BATS) – 782,405 shares, 12.29% of the total portfolio. Cie Financiere Richemont SA (CFR) – 286,053 shares, 5.35% of the total portfolio. Shares reduced by 15.57%Altria Group Inc (MO) – 305,421

10 best stocks: Sonic Corp.(SONC)

Advisors’ Opinion:

  • [By Peter Graham]

    A long term performance chart shows shares of newcomers Shake Shack and California based IPO Habit Restaurants both underperforming or below their IPO close prices whilemore established small capburger stocks Red Robin Gourmet Burgers, Inc (NASDAQ: RRGB) and Sonic Corporation (NASDAQ: SONC) were big outperformers up until more recently:

  • [By Steve Symington]

    Following a strong end to last week as the Federal Reserve decided to increase interest rates, the stock market was mostly flat on Monday, with major indexes waffling between positive and negative territory throughout the day. Still, a few stocks left investors reeling today, includingAlphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) DryShips (NASDAQ:DRYS), and Sonic Corporation (NASDAQ:SONC).Let’s take a closer look at what drove these declines.

  • [By Peter Graham]

    After the market closed yesterday, small cap burger stock Sonic Corporation (NASDAQ: SONC) reported fiscalQ2 2017 earnings with shares falling moderately in after hours trading as the top line missed and the bottom line met expectations. However, it appears analysts are zeroing in on the system same-store sales comps down 7.4% versus expectations for a fall of 4.3%. The decline was comprised of a7.3% same-store sales decline at franchise drive-ins and a decline of 8.9% at company drive-ins.

  • [By Peter Graham]

    A long term performance chart shows shares of small caps Habit Restaurants and Shake Shack Inc (NYSE: SHAK) below their IPO prices while more established burger stocks Red Robin Gourmet Burgers, Inc (NASDAQ: RRGB) and Sonic Corporation (NASDAQ: SONC)have seen their performance drift downward last year or the year before:

10 best stocks: Cabot Oil & Gas Corporation(COG)

Advisors’ Opinion:

  • [By Paul Ausick]

    Cabot Oil & Gas Corp. (NYSE: COG) is rated as a Hold with a new price target of $24. The EPS estimate has been cut from $0.60 to $0.47 for 2017, and the 2018 estimate has been increased from $0.70 to $1.19. Shares closed at $22.36 on Friday in a 52-week range of $19.77 to $25.74. The consensus 12-month price target is $28.72.

  • [By David Sterman]

    Take Cabot Oil & Gas (NYSE: COG(link is external)) as an example. As I noted earlier this month(link is external), Cabot’s current drilling plans are expected to lead to a big spike in output over the next few years. The company’s executives decided to plow ahead with development plans, even as rivals were retrenching. The fact that natural gas prices have risen more than 10% in the past three weeks simply underscores the wisdom of that strategy, and could lead to rising sales and profit estimates. 

3 Stocks to Watch on Monday: Apple Inc. (AAPL), Microsoft Corporation (MSFT) and Tesla Inc (TSLA)

It was a mixed day for the stock market in Asia ahead of this week’s trading, which could see U.S. stocks light up as earnings season kicks off.

3 Stocks to Watch: Apple Inc. (AAPL), Microsoft Corporation (MSFT) and Tesla Inc (TSLA)The tech industry dominated the weekend’s news as Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT) and Tesla Inc (NASDAQ:TSLA) all made headlines ahead of Monday’s action.

Here’s what you should know:

Apple Inc. (AAPL)

Apple continues its push to expand its business to new markets, this time in Taiwan.

The Silicon Valley giant opened its first-ever retail store in the Asia country. The location is designed to sell and repair the company’s products (naturally), but there’s more to it than that.

Apple hopes to educate members of the local community in a variety of crafts as part of its “Today at Apple” programs, including photography, music and coding.

The Taiwan store is located in Taipei 101, a major skyscraper in the country’s capital. The staff consists of 130 workers for starters.

Apple Music also made headlines over the weekend, as Jay-Z’s new album will eventually make its way to the streaming service. The album is called 4:44 and it will initially be released on the rapper’s streaming service Tidal.

It will then be available on iTunes and Apple Music. AAPL stock is up 24.3% year-to-date.

Microsoft Corporation (MSFT)

Microsoft now faces scrutiny from Trump’s administration regarding its email privacy case. The company has been in a legal battle over a warrant issued by federal agents, demanding access to its email server due to a series of emails the feds suspect were used for drug trafficking.

Microsoft appealed the warrant, claiming authorities had no access to these emails as they were kept in a private server in Ireland. A federal appeals court sided with the company.

President Donald Trump has asked the Supreme Court to intervene due to the severity of the charges. His administration added that protecting these emails sets a damaging precedent, as it allows crimes such as terrorism, child pornography and fraud to continue unmonitored.

Many tech companies have agreed with the federal appeals court ruling, clamoring for the importance of cybersecurity and online privacy. MSFT stock has grown 10.9% this year.

Tesla Inc (TSLA)

An augmented reality version of Tesla’s Model 3 now exists.

A fan of the company’s electric vehicles called Jelmer Verhoog — a 3D developer — built his take of the Model 3 using Apple’s ARKit platform. The Norway developer used the software to put an augmented reality Model 3 in his driveway, which he can then digitally alter with the kit.

He previewed the car’s features, which includes the ability to change its color, turn the headlights and taillights on and off, drive it, and more. TSLA shares are up 69.2% YTD.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.