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Today’s Research Reports on Stocks to Watch: Facebook and Apple

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / October 9, 2018 / Facebook shares ended the day with a small loss on Monday, but the company had a big announcement, unveiling that it has jumped into the smart speaker market with its Portal devices. Shares of Apple also had a small loss of 0.23% as the company told Congress that it found no evidence of tampering in its servers.

RDI Initiates Coverage on:

Facebook, Inc.
https://rdinvesting.com/news/?ticker=FB

Apple Inc.
https://rdinvesting.com/news/?ticker=AAPL

Facebook, Inc. shares closed with a small loss in the red on Monday of 0.05%. The social network giant has plans on taking on both Google and Amazon with a pair of smart speakers, complete with cameras and microphones for consumers' homes. The company unveiled the speakers yesterday and launched pre-sales of the $199 10-inch screen Portal, and $349 15.6-inch swiveling screen with hi-fi audio Portal+, minus $100 if you buy any two. The portals have “Hey Portal” voice navigation, Facebook Messenger for video calls with family, Spotify and Pandora for Bluetooth and voice-activated music, among other features. "Portal+ and Portal really live up to that idea of helping you feel closer and allowing you to spend more quality time with people, even if they live thousands of miles away from you," said Dave Kaufman, the marketing lead for Facebook's Portal division. The devices also come with Amazon's Alexa voice assistant.

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Access RDI’s Facebook, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FB

Apple Inc. shares traded fairly flat on Monday with about 26 million shares traded. The iPhone maker defended itself to U.S lawmakers, addressing a report last week from Bloomberg that said Chinese spies had used a microchip to infiltrate computer networks and that Apple was one of the nearly 30 U.S. companies to be affected. Apple had refuted the report and said that its servers were not compromised and that its global supply chain is secure. Apple wrote a letter to the chairmen and ranking Democrats on the House and Senate Commerce committees, and said, "Individuals, communities, and nations depend on the security and integrity of our shared technological infrastructure. We at Apple hold this responsibility sacrosanct, and we will continue to dedicate intense focus on keeping ahead of the hackers, cybercriminals, and even nation states that hope to steal data and harm user faith in the potential of technology to build a better world.” According to the Bloomberg report, investigators had found that tiny microchips were inserted during manufacturing in China onto equipment by subcontractors of Super Micro. Super Micro also disputed the report, as did Amazon.

Access RDI’s Apple Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAPL

Our Actionable Research on Apple Inc. (NASDAQ: AAPL) and Facebook, Inc. (NASDAQ: FB) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com



View source version on accesswire.com:
https://www.accesswire.com/513691/Todays-Research-Reports-on-Stocks-to-Watch-Facebook-and-Apple



View source version on accesswire.com:
https://www.accesswire.com/513691/Todays-Research-Reports-on-Stocks-to-Watch-Facebook-and-Apple