Home > News > Industry News > Biometrics industry stocks thi.....
Browse Categories
Health Code Scan Device(8)
Face Recognition Temperature(7)
New Arrival(26)
Hot Products(12)
Fingerprint Scanner(23)
Handheld Terminal Series(14)
POS Terminal(5)
Time Attendance Series(14)
Access Control Series(6)
Personal Security Protection(4)
Sales Promotion(35)
Door Lock Series(11)
Camera Series(11)
Explosion Models
Contact us
Tel:+86-23-67305242 :
Facebook:Huifan Technology
Contact Now


Biometrics industry stocks this week-HF SECURITY

  • Author:HF SECURITY
  • Release on:2017-11-03
As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was.
Are stock indices ready for a pullback? As markets continue to trade near record highs some suggest there are signs the trend could be at an end. One analyst pointed out the S&P 500 recently posted its second longest streak without a five percent decline in history. The stat was offered along with a warning that these good times can’t last forever. Another analyst pointed out that the amount of cash investment funds are holding in portfolios are at record lows. As one analyst was quoted as saying, “There are a lot of fully-invested bears out there. There is not much sideline cash left to push stocks higher.”
On the other hand market bulls point out that global growth seems solid. Stock markets are actually rising in many countries, not just the U.S. A report in the financial press earlier this week notes share prices have risen even higher than the U.S. in Japan, Germany and France. That is, there is something other than a Trump Bump driving stock prices to record highs.
Markets are also supported, of course, by the continued good story in the tech sector. Analysts have warned that the remarkable growth in the share price of big tech names like Amazon, Google and Facebook can’t continue at the torrid rates of the last year and a half. But the good times continue. Facebook has warned that the remarkable revenue growth that has occurred through the growth phase of the company will end at some point. That point was not this week. Analysts seemed astounded when the company reported its latest financials, which show profit in the latest quarter came in 79 percent higher than a year ago. The company’s stock is trading at record highs as a result, closing Thursday at USD $178.92 per share. One analyst pointed out this is about 50 percent above where it was when Trump was elected in November of last year. Amazing. The current tech boom is not done yet, clearly.
Also enjoying a good week was Apple. It became apparent over last weekend that worries about demand for the new iPhone X were overblown. Apple had been struggling to manufacture the next level security featured in the Face ID function. As a result the launch was delayed by six weeks. When orders for the iPhone8 (a less sophisticated phone that was also recently released) seemed to be lagging, some wondered if the shine was coming off Apple. Not the case. Over this past week the Cupertino-based company has been able to report that demand for the iPhone X is, “off the charts.” Within minutes of its release in the U.S. shipping time had lengthened to weeks. In Hong Kong the phone sold out in less than half an hour. Shares in some of Apple’s biggest suppliers were all trading higher as a result. Hon Hai Precision Industry Co. (Foxconn) climbed almost four percent on the Taipei stock exchange, hitting TWD 112.00 a share (USD $3.71). Shares in Taiwan Semiconductor Mfg. Co. Ltd. (TSMC), a chip supplier, rose to a record high of $42.15 a share on the New York Stock Exchange. Austrian-based optical sensor provider, AMS, was also up, rising five per cent to close earlier this week at 77.65 Swiss francs (USD $100) on the Zurich exchange.