|Bid||38.32 x 1300|
|Ask||38.33 x 2400|
|Day's Range||38.08 - 38.55|
|52 Week Range||33.01 - 46.57|
|PE Ratio (TTM)||16.95|
|Forward Dividend & Yield||1.16 (2.70%)|
|1y Target Est||44.65|
A number of stocks in the sector have seen their Rank surging to the top-most rung in a couple of days. These are also backed by strong fundamentals compared to many others.
Samsung Electronics Co. has become the latest Apple Inc. ( AAPL) supplier to hint that demand for the iPhone X is wavering. The South Korean electronics manufacturer reported a 52% increase in first-quarter earnings on Thursday, led by rampant appetite for its memory chips, but also warned that profits for its display business “were affected by slow demand for flexible OLED panels.” The company’s organic light-emitting diode (OLED) screens are used in Apple’s flagship product, as well as its own smartphones. Flexible OLED panel revenues rose just 3.4% in the quarter, compared with 20% for Samsung as a whole, and company executives warned that weaker sales patterns in this division are likely to persist into the second quarter.
Samsung Electronics warned that it may be challenging to generate overall earnings growth across the company due to a slowdown in the global smartphone market. The South Korean tech giant predicted in the second-quarter it could see weakness in the display panel segment and a decline in profitability in the mobile business. The warning came after Samsung posted record profits for the January-March quarter, driven largely by a robust memory chip business.
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. ...