|Bid||180.03 x 900|
|Ask||180.07 x 800|
|Day's Range||179.65 - 182.13|
|52 Week Range||142.00 - 233.47|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||15.14|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||2.92 (1.46%)|
|1y Target Est||216.17|
UBS cut its price target on Apple to $225 dollars, citing slowing iPhone demand, trade war headwinds and possible ripple effects from a Huawei battle. Yahoo Finance's Myles Udland, Rick Newman and Jharonne Martis, Director of Consumer Research at Refinitiv discuss the call of the day.
Wedbush analyst Daniel Ives asserts Friday morning takes a more constructive view–he sees the current skepticism on Apple’s near-term prospects as a buying opportunity. He rates Apple at Outperform with a $225 price target.
Apple's new iPhones will offer relatively few design changes from last year's iPhone, according to semiconductor analysts at Barclays. Barclays said the new phones with have a third camera lens on the back, backing up previous reports about the next iPhone. In a note to investors on Friday, Barclays semiconductor analysts said Apple AAPL 's 2019 iPhones will again offer "relatively few design changes" and that the company's bigger update for the iPhone is planned for 2020.
faces a bigger risk in China than the direct impact of any tariffs, according to WedBush Securities analyst Dan Ives. Nationalistic sentiment in China -- and specifically anti-American sentiment -- could pressure its significant sales in the region. "We believe the more concerning issue is around any hit in demand if Apple feels the noise in China and any pro Huawei sentiment/Chinese nationalism negatively impacting sales in the near term which we believe is a contained situation (3%-5% of Chinese iPhones) for Cupertino the way things stand today," Ives said in a note.
NEW YORK, NY / ACCESSWIRE / May 24, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested ...
NEW YORK, NY / ACCESSWIRE / May 24, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. If you suffered a loss, you can request that the Court appoint you as lead plaintiff.
Lionsgate's (LGF.A) dismal fourth-quarter fiscal 2019 results can be attributed to decline in Motion Picture and Television Production revenues.
Microsoft (MSFT) enters into agreement with Eneco to buy 90 MW of wind energy generated by the Netherlands-based Borssele III/IV project.
Qualcomm investors thought some of its biggest legal issues were abating after the company’s recent agreement with Apple. But a federal court ruling has tossed the chip maker right back into a sea of uncertainty.
"We believe calls of EPS getting hit by 20%/30%+ with China being closed off as a region for Cupertino remains ‘doomsday calls’ that are simply not realistic in our opinion," analyst Daniel Ives writes. Apple is a major strategic player in the China technology ecosystem, he said, noting that the company’s China-based manufacturer, Foxconn, employs 1.4 million in the region.
Wedbush analyst Daniel Ives wrote Friday that Apple Inc.'s selloff due to escalating trade tensions with China looks overdone. "We continue to strongly believe that for a company that employs over 1 million Chinese workers with its flagship Foxconn factory and is a major strategic player within the China technology ecosystem...from a supply chain perspective Apple will not have major roadblocks ahead despite the loud noise," he wrote. "Taking a step back, we ultimately believe there is a low likelihood that Apple and its iPhones feel the brunt of the tariffs given its strategic importance domestically as well as [Chief Executive Tim] Cook's ability to navigate these issues in the past with Trump and K Street." He maintained an outperform rating and $235 target price on the stock, which has gained 14% so far this year, as the Dow Jones Industrial Average has increased 9%.
What's interesting about Alibaba (NYSE:BABA) is that it has been a much better company than an investment. It's hard to argue that Alibaba hasn't lived up to expectations since its IPO nearly five years ago. Yet it hasn't done all that much for the BABA stock price.Source: Shutterstock Since its first-day close just under $94, Alibaba stock has risen about 69%. That's good performance, certainly, suggesting roughly a 12% annual appreciation. But over that stretch, BABA has actually underperformed large-capitalization tech stocks, as measured by the NASDAQ 100. Amazon.com (NASDAQ:AMZN) has returned 472%. The 179% return in Tencent Holdings (OTCMKTS:TCEHY) is more than double the increase in BABA shares.Yet it's hard to argue that Alibaba as a business has been a disappointment. It's clearly, as many hoped five years ago, the dominant e-commerce player in China. Revenue for fiscal year 2019 (ending March) was more than seven-times higher than it was in fiscal 2014. Sales have grown an average of 48% over that period, including a 51% increase in FY19. Margins have compressed somewhat, but adjusted net income still has risen 230%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend Alibaba has done its job, but it doesn't feel like it's been rewarded enough. The question is when, or if that will change. Recent trading suggests it might take quite a bit of time. Alibaba Stock Slumps After EarningsThe reaction to Alibaba earnings last week seems to highlight the problem for BABA. By any measure, Q4 earnings were close to spectacular. Both profits and revenue crushed analyst expectations. Dana Blankenhorn wrote that the report "blast[ed] away the bears". Luce Emerson said the quarter was "stellar."Those analyses all seem dead on. Yet the BABA stock price increased just 1.5% after the release. In the five sessions since, it's dropped over 10%. Shares are down 20% just since May 3rd.The obvious culprit is fear of a trade war and what it might do to the Chinese economy. But that's not the only explanation. Alibaba's chief e-commerce rival, JD.com (NASDAQ:JD), has seen its shares drop just 11% since the third of this month, with a strong earnings report of its own. Even Tencent shares are down less than 17%.One might think given its scale, its massive user base -- 654 million customers last year -- and its clear dominance in e-commerce, Alibaba stock might have some insulation from those broader fears. Yet it's underperforming other publicly traded Chinese companies. The Long-Term Problem for BABA StockBut, again, this isn't a one-time issue. Alibaba simply hasn't been that impressive an equity over time. Basically, investors have had one good year. That was 2017, when the BABA stock price skyrocketed 96%. Shares are now below where they traded before the beginning of 2018.One issue may be that some investors simply see too many risks with Alibaba stock. Indeed, I'm one of them, as I've written in the past. The Chinese economy still looks worrisome and remains Communist-controlled. A steadily weakening yuan certainly hasn't helped BABA or other China plays of late. Alibaba's accounting is opaque, to say the least. The VIE structure means U.S. investors don't actually own shares of Alibaba, but a Cayman Islands-listed entity.Those risks may be short-sighted as some bulls argue. But they also mean that every time the market gets nervous, BABA stock is going to sell off. The trading action of the last week isn't anything new. Alibaba shares, 2017 aside, simply haven't been able to maintain a consistent rally. How to Play BABAWhat's interesting about the long-running problem is that bulls very well could -- and likely do -- see it as a good thing. Continual pressure on the share price might cause short-term frustration. However, it also presents repeated buying opportunities.After all, there's a case that Alibaba stock is going to rise eventually as long as it keeps performing. And is it really that impossible to believe that BABA could at some point pass the likes of Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) and become the world's most valuable company? That's the uber-bull case for BABA: dominant share in the world's largest market means it could become the world's biggest company at some point.But even if Alibaba can get there, it's going to take some time, and quite a bit of patience. The risks here are real, and it's clear at this point that BABA stock is going to react to external factors as much as, if not more than its own performance. Put another way, if BABA stock can't gain after this type of earnings report, it's difficult to see what catalyst there might be.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post BABA Stock Will Need Some Help to Move Higher appeared first on InvestorPlace.
As trade tensions persist, a potential weapon in China's arsenal has emerged: Access to rare earth metals, a critical component of many technology products. China is the primary source of rare earths for manufacturers around the world. Apple shares were down 1.71% on Thursday.
Earlier this month, Qualcomm investors thought some of the chip maker’s legal issues were abating after the company’s big agreement with Apple, but on Wednesday, the company was seen as having more uncertainty after a federal court ruling.
These strategies for protecting portfolios in the face of an escalating U.S.-China trade war are increasing in popularity.
Last week, the U.S. Commerce Department added Huawei Technologies to its Entity List, saying, “The U.S. government has determined that there is reasonable cause to believe that Huawei has been involved in activities contrary to the national security or foreign policy interests of the United States.” This in effect bars the Chinese telecom equipment maker from doing business with U.S. companies, although the trade restriction was given a 90-day reprieve a few days later.
With iPhone sales sagging, Apple’s standout business in recent quarters has been services. And therein lies both opportunity—and risk.
Qualcomm stock’s big plunge this week is a buying opportunity, according to Bank of America Merrill Lynch.