Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
Nvidia (NVDA) tops our list. Bank of America (BAC) named the tech giant a top pick and reiterated its buy rating despite the stock’s recent decline. The firm cited product leadership in several large growth categories including virtual reality, for its call. The stock is up 104% in the past 12 months compared to the S&P’s 9.5% gain.
Apple (AAPL) is diving deeper into augmented reality. Digitimes reports Apple is again working on microLED displays for an AR wearable and future Apple Watches. Currently, watches use OLED displays, but microLEDs can be brighter, more energy efficient, and thinner. Digitimes estimates production will begin at the end of the year but other sources say 2020 is a more reasonable benchmark.
Facebook (FB) can’t catch a break. The site has been archiving videos that users thought they had deleted. Facebook says a bug prevented the videos from being automatically deleted and is now deleting the videos. Users found this issue after downloading their data archives in the wake of Facebook’s massive data scandal.
CBS (CBS) wants in on MTV. The broadcaster is reportedly making a below market offer to remerge with MTV’s parent Viacom (VIA). More than 12 years ago, CBS and Viacom were one company and controlled by the family of billionaire Sumner Redstone. An offer is expected to be made this week.