|Bid||237.15 x 800|
|Ask||237.25 x 1000|
|Day's Range||232.31 - 237.64|
|52 Week Range||142.00 - 237.64|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||20.06|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||3.08 (1.34%)|
|1y Target Est||229.78|
Oct.11 -- Dan Ives, Wedbush Securities analyst, discusses the potential impact of the U.S.-China trade deal on Apple Inc. with Bloomberg's Taylor Riggs on "Bloomberg Technology." Ives, his family and his firm do not own shares of Apple.
Apple is facing continued backlash from its decision to pull two apps in response to ongoing protests in Hong Kong against the Chinese government. Yahoo Finance's Dan Howley joins Jen Rogers, Myles Udland and Dan Roberts to talk about the cost of doing business in China.
Stock futures: Will the China trade deal spur the stock market to record highs like Apple? Microsoft, Google, Nvidia, Facebook, Visa are near buys.
In yet another week packed with cannabis news, we saw Aleafia Health Inc. (OTC: ALEAF) terminate a cannabis supply agreement with Aphria (NYSE: APHA) subsidiary Emblem Corp. after it said the latter failed to provide Aleafia with the equivalent of 175,000 kg in cannabis products. Aphria said it had "every intention" of fulfilling its obligations. MedMen Enterprises Inc (OTC: MMNFF) announced Tuesday it has terminated a deal to acquire multistate cannabis operator Pharmacann. The company is also terminating its Chief Financial Officer Michael Kramer.
The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.
This weekend's Barron's cover story examines ways to maximize income in a low-rate environment. Other featured articles discuss a way to play the China trade talks and what a new baby boom means for retail ...
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included the iPhone maker, a mining giant and a recent IPO. Bearish calls included beleaguered health ...
Petrol bombs were thrown inside a Hong Kong metro station on Saturday but no one was injured, the government said, as pro-democracy protesters again took to the streets angry at what they believe is Beijing's tightening grip on the city. The Kowloon Tong station was seriously damaged in the attack, the government said in a statement.
Several pro-democracy protests are planned for Hong Kong on Saturday reflecting the widespread anger at the government, ranging from an elderly sit-in, a face mask party, a shopping mall demonstration and an anti-emergency law street march. Hong Kong's protests started in opposition to a now-abandoned extradition bill but have mushroomed in four months into a pro-democracy movement and an outlet for anger at social inequality in the Asian financial hub. Hong Kong has experienced relative calm since last weekend, when a peaceful march by tens of thousands spiralled into a night of running battles between protesters and police.
The game publisher was at the center of controversy after it suspended a top e-sports player for expressing his support of the Hong Kong protesters. The National Basketball Association and (AAPL)(AAPL) were also tripped up by the Hong Kong situation during the past week, with an NBA executive tweeting support for the Hong Kong protesters and Apple pulling an app that was used by them. Despite it all, Apple shares still closed at an all-time high on Friday, while Activision was only off 1.1% for the week.
Recent reports hint that Apple could release its iPhone 5G modem by 2022. Today, Apple stock hit a high of $233.81, with a market cap of $1.054 trillion.
(Bloomberg) -- The partial U.S.-China trade agreement is a “game changer” for technology stocks, at least according to one analyst.The deal announced by President Trump in the last hour of trading on Friday points to “brighter days” in relations between the two countries and makes it unlikely the U.S. will follow through with the more than $160 billion in tariffs slated to take effect Dec. 15, Wedbush Securities analyst Daniel Ives said. Concerns around those tariffs have resulted in a 10% to 15% discount on U.S. technology stocks by his estimation and the removal could “unleash a ‘risk on’ scenario” into year-end.Technology stocks had rallied throughout Friday’s session on speculation that some form of trade agreement was near. The shares pared some of those gains as investors realized that several of the thorniest issues, including those related to Huawei Technologies Co., remain unresolved. Huawei, which was blacklisted earlier this year, is a major buyer of U.S. electronic components.The late pullback wasn’t enough to prevent Apple Inc. from closing at a record and overtaking Microsoft Corp. as the world’s most valuable company. Greater China accounted for about 17% of Apple’s revenue in the fiscal third quarter and is home to a key portion of its supply chain. The Philadelphia semiconductor index also notched a 2.3% gain for the session, its best performance in a month.To contact the reporter on this story: Jeran Wittenstein in San Francisco at email@example.comTo contact the editor responsible for this story: Catherine Larkin at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Let's take a look at what investors need to know about Facebook and some of its Q3 estimates to help us determine if FB stock might be worth buying before the social media company reports its Q3 2019 earnings results...
Apple stock has a $1 trillion market cap and an all-time high, though growth has slowed. Thinking about buying AAPL stock? This is what Apple earnings and stock chart show.
Apple stock hit a record high on Friday amid optimism around iPhone 11 demand, Apple TV+ and as the stock market surged overall on renewed hopes of a U.S. trade deal with China.
(Bloomberg) -- Apple Inc. shares closed at a record on Friday as investors looked past a year marked by turmoil from the U.S.-China trade war and uncertain demand for the iPhone, a product that Apple is moving away from, but which remains central to its business.The stock rose 2.7% to $236.21 in New York, exceeding the prior high set just over a year ago. The move made Apple the most-valuable U.S. company again, topping Microsoft Corp. Both have a market value of more than $1 trillion. Earlier, the U.S. and China agreed on the outlines of a partial trade accord.The record is the culmination of a pronounced rally throughout 2019, a year that started on a highly bearish note, as Apple cut its revenue outlook for the first time in nearly 20 years. That move, taken in response to a weak outlook for iPhones upgrades and China’s economy, took the stock to its lowest level since April 2017.Since then, however, shares have been on a nearly uninterrupted march higher, with the stock higher in seven of the past nine months, not including October’s month-to-date gain of about 4%. Apple has climbed more than 60% off its January low, returning its valuation back above $1 trillion.Just as Apple’s weakness in the fourth quarter of 2018 was largely driven by concern over iPhone demand, the 2019 recovery has come on an easing of those fears. CEO Tim Cook recently told the German newspaper Bild that he “couldn’t be happier” with the launch of Apple’s recently released iPhone 11, and it was reported in early October that Apple had told suppliers to increase production. Analysts, in turn, have been growing more positive on demand, while also anticipating that next year’s model -- expected to be the first 5G version -- will be a blockbuster.In other respects, Apple is a different company from when it was last trading at all-time highs a year ago. The Cupertino, California-based firm is reinventing itself as a services-based company, with such initiatives as streaming video, video games and a credit card. In another change, the historically high-end gadget-maker unveiled these new businesses and products at less-aggressive prices.Despite the new-found focus on services, the iPhone continues to be Apple’s keystone product. Nearly half of its third-quarter revenue came from the product, compared with the 21.3% that was derived from services.Apple is expected to report fourth-quarter results on Oct. 30. Analysts are looking for earnings of $2.84 a share on revenue of $62.9 billion, according to data compiled by Bloomberg. That represents a decline of 2.6% for earnings and flat sales growth.According to a Bloomberg MODL estimate, it will ship 41.9 million iPhones in the quarter, at an average selling price of $770.35. That would represent a year-over-year drop of 14.5% for shipments, and a 3.1% decline in average price.(Updates with closing shares in the second paragraph.)To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Brad OlesenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
U.S. stocks rose sharply on Friday as hopes grew that the talks between President Donald Trump and Chinese Vice Premier Liu He would culminate in a partial trade deal and delay planned U.S. tariff increases. Cyclicals were among the day's best-performing groups, with industrials and others up more than 2% ahead of the third-quarter earnings season set to begin next week.
Apple shares were trading above $236 Friday afternoon, building on the positive momentum seen for much of the year. Although it's been a good year for Cupertino, it didn't start well: Apple lowered its December quarter revenue guidance in early January, reducing its outlook for the first time in 20 years. For the year-to-date period, Apple gained about 48% through Oct. 10 versus the Nasdaq Composite's 29% advance and the S&P 500's 19% gain.