|Bid||153.43 x 1400|
|Ask||153.50 x 900|
|Day's Range||152.73 - 155.13|
|52 Week Range||142.00 - 233.47|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||12.83|
|Earnings Date||Jan 29, 2019|
|Forward Dividend & Yield||2.92 (1.87%)|
|1y Target Est||178.71|
The elite are out in full force at this year's World Economic Forum in Davos, Switzerland. Their collective cautious tone will likely weigh on near-term market sentiment.
An image of Apple CEO Tim Cook and Microsoft CEO Satya Nadella sitting at the same table as far-right Brazilian President Jair Bolsonaro surfaced on Tuesday. Bolsonaro has previously made derogatory statements about women, minorities and members of the LGBTQ community. Cook and Nadella have both previously made statements in favor of fair treatment in the workplace that directly contradict some of Bolsonaro's past statements.
The original FANG stocks, which doesn't include Apple Inc. , are all trading within a technical zone defined by the 50-day moving average (DMA) below current prices and the 200-DMA above current prices. Apple's stock remains below both averages. The 50-DMA is viewed by many chart watchers as a short-term trend tracker, and the 200-DMA is viewed as a guide to longer-term trends, so sitting between the averages suggests the FANG stocks have recovered enough to be in short-term uptrends, but are still in longer-term downtrends. Apple is still in both short- and longer-term downtrends. Facebook Inc.'s 50-DMA is at $139.59 and the 200-DMA is at $167.32; Amazon.com Inc. is between the 50-DMA at $1,598.12 and the 200-DMA at $1,711.49; Netflix Inc. rose briefly above its 200-DMA, currently at $334.69, before closing back below it on Tuesday, while the 50-DMA was at $287.90; Google parent Alphabet Inc. was between its 50-DMA at $1,061.02 and its 200-DMA at $1,125.13. Apple was below both its 50-DMA at $167.53 and its 200-DMA at $191.93. Meanwhile, the S&P 500 is also sitting above its 50-DMA at 2,619.56 but below its 200-DMA at 2,741.16.
Egypt would like to see a more direct physical presence from tech giant Apple even as the two are caught up in conflict over local iPhone sales, the country's Prime Minister Mostafa Madbouli said Wednesday. The smartphone maker has angered Egyptian authorities over its selling practices in the country, which the government says is causing iPhone prices to skyrocket. Egypt's Competition Authority on December 11 gave Apple a deadline of 60 days to resolve "unfair restrictions" over marked-up phones, whose price tags put them at as much as 50 percent higher than iPhones in other Middle Eastern countries.
Shares of Qualcomm Inc. sank 3.0% toward an 8 1/2-month low in morning trade Wednesday, after short-seller Kerrisdale Capital took aim at the semiconductor maker, suggesting a downside of about 60% from current levels. Kerrisdale said its believes the Federal Trade Commission will win its case against Qualcomm, which would force Qualcomm to license its key cellular patents to potential competitors, such as Intel Corp. , on "fair, reasonable and non-discriminatory" (FRAND) terms, which Qualcomm had indicated in the past would destroy its licensing business. Assuming an FTC victory, Kerrisdale said the financial impact would imply a share price of $21.31, or 59.6% below current levels. The stock has shed 21% over the past three months while the PHLX Semiconductor Index has slipped 2.1% and the S&P 500 has edged 3.3% lower.
Procter & Gamble hasn't seen any effects of a slowing Chinese economy yet, unlike Apple and McDonald's. The consumer packaged goods company beat Wall Street estimates for earnings and revenue. Apple AAPL and McDonald's MCD are seeing sales in China soften because of the country's slowing economy, but that's not the case for Procter & Gamble PG .
A Wall Street analyst on Wednesday trimmed his price target on Apple stock amid reports that iPhone sales weakness has continued since the December quarter. Apple reports results Tuesday.
AlphaOne Capital Partners Dan Niles speaks with Yahoo Finance host Jackie DeAngelis on the future of Apple as data shows China's economic showdown.
The largest assembler of iPhone's Foxconn is exploring a move to India - giving Apple some space from China. Yahoo Finance's Adam Shapiro, Dan Howley, Rick Newman, and Jim Awad Clearstead Advisors Senior Managing Director discuss.