|Bid||165.09 x 1100|
|Ask||165.25 x 1400|
|Day's Range||165.29 - 169.08|
|52 Week Range||150.24 - 233.47|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||13.89|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||2.92 (1.73%)|
|1y Target Est||224.04|
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TF International Securities Apple analyst extraordinaire Ming-Chi Kuo delivered a less than stellar iPhone forecast this week with the straight forwardly titled note, “2019 iPhone shipments likely to be under 190 million units.” The letter puts the number of Apple handsets well below previous analyst predictions of 212 million for next year. Kuo is largely regarded as the most influential analyst for the company, both with regards to sales figures and a stellar track record of predicting future products, thanks in part to relationships with Apple suppliers. "The increase in orders of legacy iPhone models cannot offset the decline of XR and XS series shipments because of the low season impact,” Kuo writes in the note.
Apple Inc.’s plan to add thousands of jobs in Austin, Texas, San Diego, Seattle and Culver City, Calif., draws a road map of its transformation away from its identity as an iPhone maker toward a future reliant on services and higher-priced devices. Each location where it announced expansion plans Thursday reflects a different facet of Apple’s evolving model. Culver City gives Apple a Hollywood homebase as it pushes into video programming.
S&P 500 companies are poised to deliver a 22% gain in earnings this year, leaving the benchmark index trading at 15 times forward earnings. For investors looking to next year, an important issue is whether to go with defensive stocks (utilities, real estate investment trusts, health-care companies, and consumer staples), economically sensitive issues (banks, retailers, and industrials), or growth stocks (mostly in technology). Value managers see some of the best opportunities in years, and most of our stock picks trade for 10 times forward earnings or less.
Tech stocks have struggled in recent months, but the big drivers haven’t changed. Here are stocks benefiting from the multi-year disruptive trends.
The computer giant has struck a deal with DHX Media to bring Charlie Brown, Snoopy and the rest of the Peanuts gang to its forthcoming digital video platform.
Apple (AAPL) has unveiled its list of the most downloaded non-game apps on iPhones this year. Alphabet’s (GOOG) YouTube continues to see a lot of downloads despite already having over 1.5 billion monthly active users.
The broader market sell-off that began in October doesn’t seem to be stopping anytime soon. On the fundamental side, investors’ worries related to rising interest rates and global trade tensions were the two key reasons for this sell-off in October. Federal Reserve Chair Jerome Powell’s dovish comments in November helped US equities to regain investors’ confidence to some extent.
Dec.14 -- D.A. Davidson analyst Tom Forte discusses the factors behind his price target call on Apple Inc. with Bloomberg's Emily Chang on "Bloomberg Technology."