Five members of the IQ100 hitting all time highs today. Progressive, Lockheed Martin, Northrop Grumman, Raytheon and DXC Technology. For more on the index go to cnbc.com/iq100
The CNBC IQ100 index up twenty percent for one year. It tracks big cap companies that get most of their revenue from their own intellectual property. Today’s leaders include CA Inc, Nabors Industries, Clorox, Edwards Lifesciences and Pfizer. For more go to CNBC.com/IQ100
Apple leading the IQ100 from CNBC.
The CNBC IQ100 is up more than twenty percent for one year. It’s an index tracking big cap companies that get most of their revenue from their own intellectual property. Today’s leaders include Apple, Garmin, Broadcom and Micron.
The CNBC IQ100 up more than twenty percent in one year. The index tracks big cap companies that get most of their revenue from their own intellectual property. Today’s leaders include Boeing, AT&T, Express Scripts, Texas Instruments and Broadcom. For more go to CNBC.com/iq100
Today’s leaders of the iQ100 include Nabors Industries, Bank of America, Baker Hughes, Dupont and Target.
I.Q. one hundred up more than twenty percent for one year it’s an index tracking big cap companies that get most of their revenue from their own intellectual property today’s leaders including A.M.D., Danaher, Honeywell, Cardinal Health and Amazon. For more go to CNBC.com/iq100
The CNBC IQ100 up more than twenty percent for one year It’s an index tracking big cap companies that get most of their revenue from their own intellectual property. Today’s leaders include Stryker, Teradyne, Western Digital, Texas Instruments and CBS. For more go to CNBC.com/IQ100
The CNBC IQ100 is an index tracking 100 big cap companies that get most of their revenue from their own intellectual property. Today’s leaders include Western Digital, Micron, Sony, Target and Applied Materials. For more go to CNBC.com/iq100
The CNBC IQ100 up more than twenty percent over one year. It’s an index tracking big cap companies that get most of their revenue from their own intellectual property. Today’s leaders include Xilinx, HP, Nabors, Western Digital, and Amazon. For more go to CNBC.com/iq100. Now back to the Halftime Report.
Today’s top gainers from CNBC.
The CNBC iq100 tracks large cap companies that get most of their income from their own intellectual property. The index is up more than twenty percent in a year. Some of its top gainers today include Dover, Schlumberger, and Cummins. For more go to CNBC.com/iq100
Amazon isn’t the only company that will make money from cloud computing and artificial intelligence, according to KeyBanc Capital Markets.
The firm raised its rating on Oracle shares to overweight from sector weight, predicting its cloud sales will double during the next two years.
“We are upgrading ORCL based on solid cloud execution and partner feedback that increases our confidence in its ability to accelerate the conversion of more than 400,000 existing customers to its new cloud offerings,” analyst Monika Garg wrote in a note to clients Tuesday. “New AI and ML [machine learning] functionality could further solidify this multiyear transformation, in our view.”
Garg initiated her price target for Oracle at $61, representing 24 percent upside from Monday’s close.
Oracle shares reached an all-time high last month, surpassing dot-com bubble era levels for the first time. Investors are driving the stock higher as they grow optimistic on the company’s transition to cloud-based offerings.
The analyst said her checks with consulting firms at industry conferences revealed rising adoption of Oracle’s cloud services by its customers. She cited how only 3.4 percent of the firm’s customer base have signed up for its cloud-based offerings, which means there is a large opportunity for growth.
As a result, the analyst predicts cloud sales will rise to 25 percent of Oracle’s total revenue by 2019 from 13 percent this year.
“Oracle is in the midst of a multiyear transition from traditional on-premise software licensing and maintenance support to a model driven by cloud subscriptions,” she wrote. “Unlike previous innovation cycles, the value of AI will be derived from the scale of data, helping elevate the power of incumbency for those having a large customer installed base and unique data sets.”
Oracle is now the highest weighted stock in the CNBC IQ 100 index.
from CNBC.
The CNBC IQ 100 Index gained 9.13 percent in the first half of 2017, outpacing the S&P 500′s 8.24 percent gain.
As part of its rules-based methodology, the index has been re-weighted for the third quarter. 3M and Oracle are now the two highest-weighted companies in the index. Microsoft lost its spot as the top-weighted company and is now tied for fifth-highest weight with C R Bard and International Paper. MCAM International, the firm whose proprietary algorithms power the CNBC IQ 100, executed the re-weighting for CNBC.
“What you have in Oracle is a focus on cloud accessibility, interoperability, and more importantly, security,” MCAM founder David Martin said on CNBC’s Squawk Alley Monday. “The more we hear about cybersecurity, the more we hear about those internal issues around how people are managing and interacting with data, the more Oracle is going to be in a very compelling position going forward.”
Oracle shares gained more than 30 percent in the first half of the year. On Wednesday, an analyst at KeyBanc Capital suggested the stock had more room to run.
3M’s weighting may have been helped by a recent FDA decision to allow expanded usage of its Tegaderm wound care brand. According to MCAM, this is an example of how a company can deploy its intellectual property to open up new market opportunities.
The companies in the CNBC IQ 100 Index are weighted according to each one’s ability to invest in, develop, control and deploy intellectual property to achieve strategic advantage over competitors. Companies with the highest weighting maintain this type of advantage across multiple industries. 3M is considered one of the most diverse companies in the index, with strong competitive advantages in chemicals, materials, electronics, medical, and consumer products, according to MCAM.
With the re-weighting, Boeing moves from fourth place to third, while chipmaker Micron Technology slipped from second to fourth. JPMorgan Chase and Dow Chemical are now out of the top five.
The CNBC IQ 100 Index is re-weighted quarterly, and components are rebalanced annually.
CR Bard was the biggest second-quarter gainer among the 100 stocks in the index. Shares of the medical device maker jumped 27 percent in the second quarter, with most of the gain coming on news that broke in April that it will be acquired by Becton Dickinson, also an IQ 100 component.
Oilfield services company Nabors Industries was the IQ 100′s biggest loser in the second quarter, tumbling more than 37 percent.
from CNBC.
David Martin, MCAM founder and CEO, speaks with CNBC’s Bob Pisani about the CNBC IQ 100 Index and what it says about stocks as markets enter the second half of 2017.
The CNBC IQ 100 Index is being rebalanced for Q3. David Martin, founder of MCAM, explains the new weightings in the index, and some of the biggest movers.
CNBC’s iq100 is up 24 over one year. Today’s leaders include Boeing and Mondelez.
Today’s leaders in the CNBC iQ100 include Bank of America, J.P. Morgan, Nabors Industries, Metlife Inc, and Teva.
Today’s iQ100 leaders from CNBC.
The CNBC iQ100 is up more than twenty percent for one year. It’s an index tracking the one hundred big cap companies that get most of their revenue from their own intellectual property. Today’s leaders include Bank of America, General Mills, Prudential Financial, Metlife and Teva. For more go to CNBC.com/iq100
The CNBC iQ100 up more than 20 percent in one year. It’s an index tracking 100 big cap companies that get most of their revenue from their own intellectual property. Today’s leaders include Micron, HP inc, Teva Pharmaceuticals Industries, Johnson Controls and Target. For more go to CNBC.com/iq100
The CNBC iQ100 up more than twenty percent over one year. It’s an index tracking one hundred big cap companies that get most of their revenue from their own intellectual property. Today’s leaders include Western Digital, Oracle, Nabor Industries, Applied Materials and Teradyne. For more go to CNBC.com/iq100.
