|Bid||176.9000 x 300|
|Ask||176.9200 x 400|
|Day's Range||176.6016 - 177.7800|
|52 Week Range||119.5000 - 180.1000|
|PE Ratio (TTM)||19.24|
|Forward Dividend & Yield||2.52 (1.41%)|
|1y Target Est||N/A|
Bioverativ, Facebook, Coca-Cola and Apple are the companies to watch.
Tech’s annual victory parade is likely to turn into an apology tour in the next few weeks, as executives in charge of some of the most important companies in America face investors with much more to discuss ...
U.S. stock-market indexes shake off concerns about a government shutdown, with the S&P 500 and Nasdaq notching all-time highs.
In a podcast with venture firm GGV, Yang gave a wide-ranging interview about the Chinese tech scene.
The company has attracted a lot of attention recently as it has responded to the new tax laws that were just enacted.
Atlantic Equities lowered its rating on Apple to neutral from overweight, following a similar move by Longbow Research.
Apple (AAPL) became involved with the US Federal Trade Commission (or FTC) in the process of assisting in the Qualcomm (QCOM) antitrust case. Apple was not directly involved in the FTC’s suit against Qualcomm and was cooperating with the FTC in its investigation. Qualcomm was looking for Apple’s documentation to bolster its case.
The tax bill that President Donald Trump signed into law in December slashes corporate tax rates, so why are some companies announcing charges instead of benefits from the change?
Amazon.com, Inc. (NASDAQ:AMZN) has dominated the headlines as its decision looms on where the company will establish its second headquarters. The so-called HQ2 search has honed in on Toronto and 19 American cities, mostly in the Eastern time zone. Amid growth, investors must now decide whether HQ2 will ramp up AMZN stock to the next level or form the basis of a selloff.
The technology sector started the year with a bang. The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) is up 7% in two weeks. Some “FANG” members set new all-time highs even into political uncertainty. The bulls remain in control and when they sell out of a group they roll into another. For now, long is the easier trade than short. Therefore dips in tech stocks, when they happen, are shallow and short.
Shares of Apple (AAPL) are down 94 cents, or half a percent, at $177.52, in early trading, after Atlantic Equities’s James Cordwell this morning cut his rating on the shares to Neutral from Overweight, while keeping his $190 price target, writing that demand for the iPhone “is starting to soften,” prompting him to cut his estimates for the March quarter. Cordwell’s concern is the fact that supply of the iPhone X became better in December, thus suggesting that some sales in the quarter were a “pull-forward” of sales that might have happened this quarter: We see upside potential for Apple’s Q1 (Dec), as it appears Apple enjoyed robust early demand for the iPhone X. This is illustrated by Kantar WorldPanel data (see figure 3) showing that in the three months to November Apple’s market share was already approaching that of the last cycle – and exceeding it in China – despite the much later launch of the flagship device.
U.S. stock futures are trading broadly lower this morning, as the U.S. government shutdown enters its third day. The Senate is expected to hold a vote around noon today to fund the government through Feb. 8. Taking a closer look at Friday’s options activity, Apple Inc. (NASDAQ:AAPL) saw an influx of call activity despite reports that it will cancel the iPhone X this summer.
It will be interesting to see how many prepaid customer net additions Sprint is able to get in fiscal 3Q17 given the intense competition from T-Mobile (TMUS) and AT&T (T) and increased efforts from Verizon (VZ) in the prepaid segment. In fiscal 2Q17, Sprint gained 95,000 net prepaid customers as compared to 449,000 losses in fiscal 2Q16. Additionally, Sprint has an agreement with Apple (AAPL) to sell used or refurbished devices under the Virgin brand.
Apple (AAPL) was sued after the iPhone maker stated that it was intentionally slowing down its older iPhones, leading to unexpected shutdowns. “We have never—and would never—do anything to intentionally shorten the life of any Apple product, or degrade the user experience to drive customer upgrades,” the company said in a statement posted on its website. The issue surfaced in 2016 when some iPhone users reported sudden shutdowns, despite having considerable battery charge remaining.
In 3Q17, PayPal’s (PYPL) net profit grew 17.6% YoY (year-over-year) to $380.0 million. Its profit rose 27.0% YoY in 2Q17 and 5.0% YoY in 1Q17. PayPal’s chief financial officer, John Rainey, noted that the company has more room to improve its profitability.
Analysts are hopeful a solution on the U.S. government shutdown will be reached soon, but point out that a longer-term impasse could significantly hurt the political landscape and the dollar.
Founded in 2013, the Malala Fund works with other organizations, the private sector and governments around the world to provide underserved female students with access to 12 years of free, safe, quality education. Apple’s (AAPL) role in the foundation will be to provide technology and to assist with curriculum development and education policy. The goal is to extend secondary education to more than 100,000 girls, including funding new programs in India and Latin America, Tech Crunch reported.