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October 2018

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Despite the massive debt burden, Freeport-McMoran’s (FCX) has outperformed the market year-to-date (YTD)

Freeport-McMoran Inc (NYSE:FCX) stock has gained 42.47% of market value year-to-date (YTD) as of March 11. Most of the gain was witnessed in February as the prices of gold and copper hiked. Moreover, the company has outperformed the market as Dow Jones and S&P 500 index are down 1.46% and 1.56% YTD, respectively. However, the company’s stock is showing a slightly downward trend in today’s trading session as Morningstar Inc. gave a CCC rating for the company, which suggests a very high default risk.

Freeport-McMoran’s commodity business is not a point of concern for the company or investors, but the oil and gas exploration business is. The company acquired the exploration business in 2013, financing it through debt. However, the company realized its mistake within a year of acquisition as the oil price plummet led to increased cost of operations. The exploration business has overshadowed the profitable performance of mining business. However, Freeport-McMoran’s management is trying to get rid of the exploration business by selling it off but hasn’t found any interested buyer yet.

Freeport-McMoran deals in the commodity sector and therefore its performance is directly related to commodities’ prices and demand. The recent hike in commodities’ prices was beneficial for every miner but it double benefited Freeport-McMoran as the company needed it the most in times of debt burden and revenue squeeze. However, the increase in commodity prices couldn’t satisfy the overall market due to its volatile nature but most of the analysts are optimistic about the company’s future performance.

As per FactSet, out of 17 brokerage firms covering Freeport-McMoran stock, 11 have recommended a Hold while six suggest a Buy. On March 08, Freeport-McMoran rating was upgraded by Vetr analysts to a Buy from a Hold with a $9.54 12-month price target. Conversely, Citigroup Inc. analysts reaffirmed a Sell rating the same day. Freeport-McMoran stock has a $7.36 12-month price target suggested by Zacks Research.

The company’s stock has a 52-week range of $3.52-23.97 and is currently trading at $9.67 as of 11:24AM EST on March 11.

Now you can easily check if your device supports the battery-saving Android Marshmallow feature

With Android 6.0 Marshmallow, Google released a new deep-sleep system for Android device aimed directly to improve battery life. The battery saving mode always stays on and places the device into a deep-sleep, while resuming operations routinely when the device is left unattended (stationary with screen off) for an extended duration. In order to check the movement of the device, the feature uses the “significant motion detection APIs in the Sensor HAL”, so it is only compatible with newer Android devices. So how can you check if your device supports the feature, since the aforementioned isn’t something which would be listed on the spec sheet?

Well, thanks to the folks over at XDA-Developer’s, there’s now a way to check that. The application checks the advanced specifications of your device and returns with its analysis. You can download the app from the forum link here.

Scroll to the bottom of the first post and download the APK file. Once that’s done, copy the file over to the root of your device’s internal storage. Using a file explorer on your device, launch the APK file. It’s likely that you will be presented with a prompt saying the app cannot be installed due to limitations. Tap on Settings and turn on “Installation of Apps from untrusted sources” from the Security options.

Once the app is installed, simply run it and the application will show you if your device supports it, along with the current system status of Doze.

The stock has dropped by about 13% since the announcement of Q2 on July 26

Akamai Technologies, Inc. (NASDAQ:AKAM) announced a slight revenue miss 2 weeks ago on July 26. In the aftermath, the company has lost about 13% of its stock value to date, which according to Piper Jaffray, is a very lucrative buying opportunity. Mike Olson, senior Piper Jaffray analyst believes that the investor reaction is overdone and the stock has plenty of positives down the line to stage a strong come back. He recommended his clients to purchase the stock on weakness and maintained his overweight rating.

The company reported a revenue of $572 million, slightly below the consensus estimate of $574.86 million. The earnings per share was perfectly in line with the consensus estimate and amounted to $0.64. The revenue growth rate was about 5.7%, while the EPS growth rate was observed at 12.3% y/y. The guidance numbers, however, were below street and are among the primary reasons why the stock has been sold out.

Mr. Olson believes that Akamai will perform strongly in the coming quarters and growth in performance and security is most likely to reaccelerate media delivery during the fiscal year 2017. The comps also get considerably easier, which will allow the stock to gain foothold and perform better. Apart from the company’s internet business revenue which accounts for about 11% of the total, the revenue growth has been rather impressive and amounted to 15% y/y.

The historical analysis also reveals that Akamai has been able to outperform the conservative guidance numbers and has proven to be far more profitable than thought out to be. The analyst believes that bears are actually undervaluing the company’s core business. He reiterated his overweight rating with a price target of $64 and recommends the investors to purchase the stock.

The analyst ratings for Akamai consists of five buys, seven outperforms, 11 hold and two underperform ratings. The stock now trades at a price of $50.23, after first 20 minutes of the day’s main trading session.

We take a look at the recent rumors surrounding the upcoming Surface Phone

Tech giant Microsoft Corporation (NASDAQ:MSFT) has so far remained quiet about the prospect of releasing the Surface Phone, however, reports indicate that the company is working on releasing a new smartphone soon. Over the last few months, rumors have flooded the internet about the design, specs and price of the alleged Surface Phone from Microsoft. The smartphone market is currently dominated by two smartphone giants Apple Inc. (NASDAQ:AAPL) and Samsung Electronics Co Ltd. (OTCMKTS:SSNLF) and the Redmond based giant hopes that the new Surface devices will help the company get back in the market.

According to reports, the tech giant is working on the company’s most powerful smartphone to date and new reports indicate that the new devices are expected to take on flagships from the likes of Apple and Samsung whose iPhones and Galaxy lineup of devices have become the industry standard. According to new leaked images by Weibo user Nokibar, Microsoft has already begun production of the latest Surface devices which are expected to be released in early 2017.

The new devices are expected to be targeted towards the business sector, which is where Microsoft sells most of its products and services. There are reports of three variants of the Surface Phone which will come with top of the line specs and revolutionary new features. All three variants are expected to feature an Intel Corp. (NASDAQ:INTC) Atom X3 Chipset. The base model Surface Phone is expected to feature 4GB of RAM and 128GB of storage while the mid-range version will come with 6GB of RAM and 256GB of storage. The most expensive variant is rumored to house 8GB of RAM and 512GB of storage, as the new Surface devices will look to make the most out of Windows 10’s Continuum feature.

The three variants are also rumored to sport an AMOLED display panel, liquid cooling tech, a Carl Zeiss 21MP rear camera and USB-C support. The devices are also rumored to feature an all metal aluminum casing with the addition of the Surface Pen.

Still haven’t received the new update for your OnePlus 3? Here’s how to download and install it manually

Earlier today, OnePlus finally released the OxygenOS 3.2.0 update to OnePlus 3 users. The update addresses various of the concerns raised by reviewers and brings numerous improvements to the device. One of the main gripes from Ananadtech was the poorly calibrated display, and OnePlus has adressed that by adding an sRGB mode which offers proper color reproduction. The update also brings improved RAM management, audio playback quality, GPS performance and a lot more. As most people are still waiting for the OTA update to arrive on their devices, we’ve constructed a tutorial which will enable you to manually update your device to OxygenOS 3.2.0.  

Note: Please ensure that all the data is backed up on your device. While this process won’t remove your data, accidents can happen and its better to be safe than sorry. 

Depending on your current Oxygen OS version, download the appropriate OTA update from the links below: 

OxygenOS 3.1.0: https://www.androidfilehost.com/?fid=24591020540823769 
OxygenOS 3.1.1: https://www.androidfilehost.com/?fid=24591020540823768 
OxygenOS 3.1.2: https://www.androidfilehost.com/?fid=24591020540823766 
OxygenOS 3.1.3: https://www.androidfilehost.com/?fid=24591020540823770 

Unrooted Devices With Stock Recovery 

Step 1: Download and install Minimal ADB and Fastboot on your device to perform the flashing procedure. Next, download the correct firmware file from the links above and place the ZIP file in the Minimal ADB installation directory. 

Step 2: Now you need to place your device into Recovery mode. To do this, first power off your device. Hold down Volume Down + Power until the device boots into Recovery mode. 

Step 3: Launch Minimal ADB and fastboot. Execute the command “adb device” to ensure that the device has been detected. If a device serial is returned, it means the connection is successful. 

Step 4: Run the following command to flash the update ZIP: 

Adb sideload (name of ZIP file without parantheses).zip 

Step 5: Once the flashing process is completed, navigate to the main menu in Reovery on your phone and wipe the cache. Reboot your device. 

And that’s it. After the reboot, your device will be running the latest version of Oxgen OS. 

Rooted Devices With TWRP Recovery 

Step 1: Download the Oxygen OS 3.2.0 OTA file by clicking here and copy it to the root of your device’s internal storage once the download is complete. Also download and copy SuperSU. 

Step 2: Reboot your device into recovery mode and using the method described in Step 2 of the previous section. In recovery, navigate to Wipe > Advance Wipe > Select Dalvik & Cache & Swipe to Wipe. 

Step 3: Navigate to Install and select the ROM ZIP file and the swipe to confirm flash. Once the flash is complete, wipe the Dalvik and Cache again. Next, flash the SuperSU ZIP file followed by another wipe of the Dalvik and Cache. 

And that’s it. You can now reboot your device and it will boot Oxygen OS 3.2.0 in a rooted state. Enjoy!

Australia wants Tesla to revive its automobile industry but the company has no plants of expanding its presence in the country

Tesla Motors Inc (NASDAQ:TSLA) has already laid down its plans to open the first Asia Pacific manufacturing facility in the world’s largest electric vehicle (EV) market, China. However, that still does not stop other countries from approaching the world’s most popular EV maker.

Since Australia actively promotes renewable energy and is potentially a big market for Tesla cars and storage batteries in the long-term, it would be wise to see if the company is interested to expand its presence in the country through a large-scale manufacturing facility. Even the Australian Prime Minister, Malcolm Turnbull believes that Tesla could overhaul the dwindled local automobile industry.

RenewEconomy reported that South Australia Premier, Jay Weatherill, has already made such an offer to the automaker. During his visit to California last month, Mr. Weatherill met Tesla’s officials in San Francisco and said that his state would support them in establishing a presence. In response, the company stated that they have no such plans in Australia for now.

Even the publication asked the automaker if it is planning to open a new store in the country and its spokesperson said the company has no such plans right now. Tesla has planned to establish a strong Supercharger network from Sydney to Brisbane, after successfully connecting Melbourne to Sydney.

An Australian company Origin Energy believes that the country could be the world’s leading solar-power EV market by using its 5 gigawatts of rooftop solar to power battery-driven vehicles. However, the market is still too small to have an EV factory. According to Business Insider Australian, less than 2,000 EVs were sold in Australia during 2015, mostly due to the Model S.

Thus, the Australian government requires more EV incentives and stringent polices for gasoline cars to promote the technology and then approach Tesla and other EV makers agaim. Although demand for EVs appears to be strong in Australia, the government should invest on charging infrastructure, exclude import duties and introduce purchase discounts.

Rosenblatt Securities believes both the companies are benefitting from the same market trends, but Alphabet has cheaper valuation than Facebook

Even though Rossenblatt Securities maintains a Buy rating on both Alphabet Inc. (NASDAQ:GOOGL) and Facebook Inc. (NASDAQ:FB), it says the search giant’s shares currently offer a discounted access to the same market the social media giant operates in. The research firm believes Alphabet is benefitting from the same trends that Facebook is making the most of.

In order to make his point, Martin Pyykkonen, the analyst at the research firm, says that Alphabet currently trades at a discount compared to Facebook, as it is down below 3% year-to-date, while Facebook is up over 5% YTD, and the S&P 500 index has remained flat during the same time. Based on his adjusted earnings before interest taxes depreciation and amortization (EBITDA) forecasts for this year, the analyst says Alphabet shares have an EV/EBITDA ratio of 12x, while Facebook has a relatively higher ratio of 20x. The analyst emphasizes that despite the discrepancy in these ratios, both the companies are taking advantage of the same key growth drives, including video ads, display, mobile, as well as search advertising.

He also pointed out that even in the video advertising market, Facebook is moving up against YouTube, owned by Alphabet; this represents immense sales growth prospects for both the companies. The analyst, who maintains a $900 price target on Alphabet stock, says that this year, the key growth drivers for the company are going to be its display advertising business on YouTube and third-party websites.

Alphabet shares closed down 0.28% at $760.05 Tuesday, but ticked up 0.42% at $763.25 as of 8:01 AM ET today. On the other hand, Facebook stock gained 0.36% to close up at $112.25 yesterday, and gained another 0.22% to reach $112.50 as of 8:05 AM ET today.

The Country Caller discusses the views of the 70-year-old president in detail

Tables have turned 180 degrees in the last two months, as the business community starts to lay their faith in the new president. This is why CEO of Ford Motor Company (NYSE:F) has expressed his optimism following the meeting with Mr. Trump, as he expects fruitful results for his company. Mark Fields added that the new leadership of the country is committed to bring about positive change in the economy, and has formulated favorable policies with regards to regulation and taxation. The Country Caller discusses the views of the 70-year-old president in detail.

The Trump effect was witnessed earlier when the auto-maker decided to shift its production facilities from Mexico to Michigan, following criticism by the 70-year-old head of state. However, the firm denied that it was doing so on the President’s call, instead, it said that the move was aligned with the business strategy.

Mr. Fields rendered the recent meeting as a positive step going forward, as it would give more autonomy and encouragement to CEOs with regards to decision making. The main beneficiary being the manufacturing sector, Trump’s policies are all about getting production back to America. That being said, to an extent, these policies are criticized by economists as they may lead to serious repercussions in the form of worsening international trade relations. Nonetheless, the shape of the economy looks pretty good and the new resident of the White House is lucky enough to gain control in such a situation.

As for Ford, the investor sentiment suggests positivity as the short interest has decreased recently. Moreover, sell side firms such as Instinet and Nomura remain optimistic, thereby recommending high price targets. The consensus PT stays at $13.61 implying an over 10% upside from Mondays close. The Country Caller remains optimistic as the US auto industry is expected to pick up this year.

Shares of Ford Motors were down 0.53% to $12.31 yesterday, while the benchmark S&P 500 index also witnessed a bearish trading session, closing at 2,265.20.