181.71 -0.46 (-0.25%)
After hours: 4:04PM EDT
|Bid||182.57 x 900|
|Ask||182.52 x 900|
|Day's Range||180.73 - 184.92|
|52 Week Range||142.28 - 194.20|
|PE Ratio (TTM)||17.62|
|Forward Dividend & Yield||2.92 (1.58%)|
|1y Target Est||N/A|
Yahoo Finance's LIVE stock market coverage and analysis.
Think the highest-flying tech stocks are immune to trade tensions? In a well-timed Monday note, Ingvild Borgen Gjerde, an economist at Capital Economics, warned clients that while the so-called FAANG stocks — an acronym referring to Facebook Inc. (FB), Apple Inc. (AAPL), Amazon.com Inc.(AMZN), Netflix Inc. (NFLX) and Google parent Alphabet Inc. (GOOG) — are, on average, less directly affected by rising trade restrictions than U.S. tech firms in general, they are highly cyclical and exposed to a slowdown in growth.
Bloomberg reports that Apple plans to launch next-gen AirPods in 2019 that feature noise-cancellation and are water-resistant. It adds that Apple has "internally discussed" adding biometric sensors such as a heart-rate monitor to the 2019 AirPods, and that they will "likely" cost more than the $159 charged for Apple's first-gen AirPods. Also reportedly planned for 2019: "Studio-quality" over-the-ear headphones that will be sold under the Apple brand (rather than the Beats brand) and are meant to compete with products from the likes of Bose and Sennheiser, and a second-gen HomePod speaker.
Susquehanna analyst Christopher Rolland wrote Monday that a deal with Apple could add a 15 percent bump to earnings per share. Contacts expect the next generation of the wireless AirPods in 2019, complete with water resistance and noise-cancellation, Rolland added. Shares of small-cap Cirrus Logic bucked the downward trend in semiconductor stocks Monday, rallying more than 3 percent after an analyst speculated the company’s chips will be used in the second generation of Apple’s AirPods.
President Trump's escalation of a trade war with China is about to hit tech on two important fronts, putting it smack dab in the middle of what some are calling a Tech Cold War. The initiatives, expected to be announced by the end of the week, would limit China's ability to invest in the U.S. tech sector, and block additional technology exports to Beijing. Tech sectors likely to be targeted are those China hopes to develop under its Made in China 2025 report to become a global leader in 10 broad areas of tech: information technology, robotics, aerospace and aviation equipment, energy-efficient vehicles and electrical equipment, among others.
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of new AirPods. AirPods: A recent rumor claims that Apple will release new AirPods as early as next year, reports Bloomberg. MacBook Keyboards: AAPL is now offering to repair broken MacBook keyboards, MacRumors notes.
First-quarter stock buybacks among S&P 500 companies set a record, boosted by strong activity in information technology, health care and financials. The health-care sector came in second at $35.6 billion, followed closely by financials at $33.8 billion. Apple alone repurchased $22.8 billion of its shares, besting its previous record of $18 billion set four years earlier.
This earnings season has not the been the catalyst to stock prices that it could have been. This is most true for stocks like Boeing (NYSE:BA) and Caterpillar (NYSE:CAT) who have been in the direct line of fire of the US vs China tariff potential wars. It is easy for investors to punish BA stock on every antagonistic headline.
Apple News will host special midterm features from The Washington Post, Axios and Politico in addition to its curated news hits from "trusted publishers" such as Fox News and Vox. Apple has long used human curators in its news app, though it's been adding exclusive content and additional context. The new election-focused features are live now, Apple said, and will remain up through November.