38.75 0.00 (0.00%)
After hours: 6:34PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||38.30 - 39.21|
|52 Week Range||32.75 - 46.57|
|PE Ratio (TTM)||17.18|
|Forward Dividend & Yield||1.16 (2.64%)|
|1y Target Est||44.65|
Apple's stock is cumulatively down 7.1 percent in the three trading sessions through Monday, wiping out $63.9 billion of shareholder value. The decline was sparked by key Apple partner Taiwan Semiconductor Manufacturing's weaker-than-expected guidance Thursday morning. "Heading into Apple's much anticipated March (FY2Q18) quarter next week the Street has gone into 'full panic mode' as supply chain checks out of Asia indicate that June iPhone shipments are trending well below expectations," GBH Insights analyst Daniel Ives writes in a note to clients Tuesday.
Key stock index funds turned red Monday as the tech-heavy QQQs reversed along with Dow Jones industrial components Apple and Intel.
Advanced Micro Devices, Inc. ( AMD) options traders are betting on a surge in volatility after the company reports first-quarter results on April 25 after the close of trading. It is a massive price swing and is a far more substantial range of volatility than even Amazon, which is known to have a history of delivering results that miss or beat analysts estimates by a wide margin. The options set for expiration on May 18 are implying a rise or fall in the price of AMD's stock of 13.5%, placing shares in a massive trading range between $9.30 to $11.70 from the $10 strike price by the time expiration comes around.
Shares of Apple Inc. (NASDAQ:AAPL) fell more than 4% on Friday, adding to the nearly 3% drop on Thursday. A downbeat note from Morgan Stanley on iPhone sales and a weak earnings report from major supplier Taiwan Semiconductor Mfg. Co. Ltd. (ADR)(NYSE:TSM) were the catalysts behind the carnage. While a pullback was certainly warranted given the negative news, the magnitude of the sell off has made Apple stock look very attractive on any further weakness. In my previous article on AAPL from March 23, I delved into some of the fundamental reasons why Apple stock was looking attractive.
Apple Inc.’s (NASDAQ:AAPL) iPhone X has had a rougher than expected ride. It’s suffered a delayed launch, complaints about its high price and persistent reports of lower than expected iPhone X sales. The results have hit AAPL stock, instead of providing an expected boost.
Selling of shares in chipmakers and other Apple-linked companies continued at a slower pace in early Asia trading on Monday after tech stocks took a hit late last week on fears of weakening iPhone sales. ...
Chip stocks tanked Thursday as investors weighed a lowered outlook for the sector from Taiwan Semiconductor Manufacturing and other negative data points.
Stock market index funds sold off Friday and fell below their 50-day moving average as Apple offset a big gain from General Electric in the Dow.
Stocks rallied early in the week on rising oil prices and Netflix earnings. But they erased almost of their gains on chip warnings and Apple iPhone fears.
issued a weak forecast, and a report from Morgan Stanley said iPhone sales for the June quarter will disappoint. (Apple, Schlumberger and Honeywell are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells the stocks?