AAPL - Apple Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
364.11
0.00 (0.00%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bullishpattern detected
Intermediate-term KST

Intermediate-term KST

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close364.11
Open367.85
Bid364.80 x 1100
Ask364.85 x 1300
Day's Range363.71 - 370.47
52 Week Range192.58 - 372.38
Volume28,510,367
Avg. Volume36,559,175
Market Cap1.578T
Beta (5Y Monthly)1.17
PE Ratio (TTM)28.61
EPS (TTM)12.73
Earnings DateJul 30, 2020
Forward Dividend & Yield3.28 (0.90%)
Ex-Dividend DateMay 08, 2020
1y Target Est345.22
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-7% Est. Return
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • Barrons.com

    Which Company Is Most Likely to Reach $1 Trillion Next? Here Are Some Guesses.

    Alphabet just became the fourth U.S. company with trillion-dollar status. There’s only one other company with a market value above even $500 billion.

  • Reuters

    Beware of debt costs and an inflationary bite, former UK advisers say

    The British government should be wary of assuming its mammoth debt pile will always be so cheap to service or that inflation is dead and so must ensure fiscal security by pushing ahead with a digital tax, six former government advisers said on Monday. The United Kingdom is facing its steepest economic decline in three centuries of modern British history and is borrowing vast amounts from the bond markets to inject money into the hemorrhaging economy. Prime Minister Boris Johnson's government should beware of rising debt costs and the surprise of an inflationary bubble, former advisers to prime ministers Theresa May and David Cameron said in a report for the Onward think tank.

  • Barrons.com

    At Least 1 of the 10 Best-Performing Tech Stocks This Year Has Gone Too Far

    Four tech giants—Apple, Microsoft, Amazon, and Alphabet—are now worth as much as the next 19 largest U.S. stocks combined

  • NASDAQ vs The DOW
    Insider Monkey

    NASDAQ vs The DOW

    If you thought all the major indexes moved together, think again. Between June 8 and the close on Friday June 26, the Nasdaq beat the Dow in 11 of 14 trading days.  During 8 of those days the gap was half a percent point or more.  The end result was that by the close on […]

  • Barrons.com

    Big Tech CEOs Are Finally Ready to Talk to Congress. Here’s How They’ve Handled Antitrust Disclosures in the Past.

    The first time Apple mentioned antitrust issues in Securities and Exchange Commission filings was Dec. 12, 1980. In its prospectus, Apple disclosed a lawsuit for $70 million—roughly $210 million in today’s dollars—filed by a disgruntled distributor in Oklahoma who claimed Apple pressured it to drop competitive products. Forty years later, (AAPL) (ticker: AAPL) Chief Executive Officer Tim Cook has agreed to testify before a congressional antitrust committee that has been investigating his company for more than a year, looking into its behavior and assessing whether existing antitrust and competition laws are adequate.

  • Why Did Microsoft’s Retail Stores Die as Apple Stores Thrived?
    Motley Fool

    Why Did Microsoft’s Retail Stores Die as Apple Stores Thrived?

    Microsoft (NASDAQ: MSFT) recently announced that it will permanently close all of its brick-and-mortar Microsoft Stores worldwide. In a press release, Microsoft VP David Porter noted that the tech giant's "product portfolio has evolved to largely digital offerings, and our talented team has proven success serving customers beyond any physical location." Microsoft stated that it wouldn't lay off any staff as part of the reorganization, and that it would continue paying its retail employees as they transferred to remote sales, training, and support positions.

  • The 3 Best Dow Jones Stocks So Far in 2020
    Motley Fool

    The 3 Best Dow Jones Stocks So Far in 2020

    After having plunged during the first three months of the year, the Dow Jones Industrials (DJINDICES: ^DJI) have bounced back sharply from their worst levels of the year. Amid a couple dozen losing stocks in the Dow, Microsoft (NASDAQ: MSFT) is doing a lot to limit the average's losses. What's particularly impressive about the software giant's 31% rise so far this year is that it comes on the heels of an even sharper 55% climb for Microsoft in 2019.

  • Expect ‘violently flat’ markets, but be ready to buy the dip, analyst says
    MarketWatch

    Expect ‘violently flat’ markets, but be ready to buy the dip, analyst says

    Over the short term, markets are likely to bounce in a range, but as long as new cases don’t significantly strain the health care system, and Americans don’t lose their nerve and return to hunkering down at home, Evercore ISI’s Dennis DeBusschere thinks markets could be in for a “sharp rebound.”

  • Warren Buffett's 3 Biggest Winners in the First Half of 2020: Are They Still Buys Now?
    Motley Fool

    Warren Buffett's 3 Biggest Winners in the First Half of 2020: Are They Still Buys Now?

    Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shares fell 21% in the first six months of the year. Most of the stocks in Berkshire's investment portfolio were down as well. Here are Warren Buffett's three biggest winners in the first half of 2020 -- and whether or not they're still great stocks to buy for investors who aren't yet legends.

  • 3 Top Stay-at-Home Stocks to Buy in July
    Motley Fool

    3 Top Stay-at-Home Stocks to Buy in July

    If you work at a non-essential business, your house or apartment has had to step up its game. It's become your office, school, gym, and much more for your entire family. Some households may have even added friends or relatives under their roofs as unemployment skyrockets.

  • These stocks, including Tesla and Apple, are the real winners for the second quarter of 2020
    MarketWatch

    These stocks, including Tesla and Apple, are the real winners for the second quarter of 2020

    DEEP DIVE The second quarter was a dramatic one for U.S. stocks — the S&P 500 had its best quarter since 1998. But many of the best performers were really bounce backs from the doldrums of March, when the market hit bottom during the start of the coronavirus pandemic.

  • Barrons.com

    3 Scenarios for Playing the Coronavirus Economy in the Second Half

    Strategists see a raft of unknowns—from the virus itself to the expiration of enhanced jobless benefits—that will determine the recovery’s shape.

  • Google Stays in the Augmented Reality Race with a New Acquisition
    Motley Fool

    Google Stays in the Augmented Reality Race with a New Acquisition

    The tech giant buys a struggling smart glass maker -- but it won’t necessarily launch a new version of Google Glass anytime soon.

  • How This Apple iPhone Rumor Could Boost Sales
    Motley Fool

    How This Apple iPhone Rumor Could Boost Sales

    There has been a lot of chatter recently about some secondary details Apple (NASDAQ: AAPL) is working out for the next iPhone in terms of pricing and accessories. The grapevine suggests that the next-generation device may come without an important accessory -- a power adapter -- and could also force buyers to invest in aftermarket (and potentially wireless) headphones as the box may be devoid of EarPods. At the same time, there are rumors of Apple pricing the base model of the alleged iPhone 12 at a mouth-watering $549.

  • Google-backed groups criticize Apple's new warnings on user tracking
    Reuters

    Google-backed groups criticize Apple's new warnings on user tracking

    Apple last week disclosed features in its forthcoming operating system for iPhones and iPads that will require apps to show a pop-up screen before they enable a form of tracking commonly needed to show personalized ads. Sixteen marketing associations, some of which are backed by Facebook Inc <FB.O> and Alphabet Inc's <GOOGL.O> Google, faulted Apple for not adhering to an ad-industry system for seeking user consent under European privacy rules.

  • Reuters

    GLOBAL MARKETS-Asian shares hit 4-month high as U.S., China recoveries gather pace

    Asian shares rallied to a four-month high on Friday on robust U.S. payrolls data and a brisk pickup in Chinese service sector activity, but a surge in coronavirus cases in the United States kept a lid on stronger gains. Mainland Chinese shares, which were among the best performers over the past month, extended gains, with the Shanghai composite index hitting a high last seen in April 2019. China's services sector expanded at the fastest pace in over a decade in June, the Caixin/Markit services Purchasing Managers' Index (PMI) showed, as the easing of coronavirus-related lockdown measures revived consumer demand.

  • Reuters

    Taiwan's Foxconn says customs clearing procedures in India have been resolved

    Apple supplier Foxconn said on Friday customs clearing procedures in India have been resolved, as additional scrutiny by the country of imports from China disrupted operations in some foreign firms amid tensions between the Asian giants. Foxconn's customs clearance for cargo logistics in India has been resolved and all local regulatory procedures have been complied with, Foxconn said in a filing to Taipei stock exchange. Customs officers at Indian ports have held back shipments from China and sought additional clearances after deadly clashes at the disputed Himalayan border last month.

  • Barrons.com

    What a Democratic Sweep Could Mean for the Market

    The elections will probably arrive before a Covid-19 vaccine does. What Wall Street should expect in a Biden administration.

  • Reuters

    GLOBAL MARKETS-Asian stocks set to follow U.S. jobs rally, China in focus

    Asian stocks were likely to track a firmer Wall Street session on Friday after strong U.S. jobs data although growing Sino-U.S. tensions and a worrying surge in coronavirus cases is likely to cap gains. E-mini futures for the S&P 500 rose 0.14%. "While June data reflected a big improvement in the U.S. labor market, the recent sharp acceleration in new virus cases plus the prospect of an end to unemployment benefits by the end of July are two big layers of uncertainty," said NAB Markets analyst Rodrigo Catril, adding that the uptick in U.S. cases could mean extended headwinds for the labor market.

  • Google Probe Has States Split on Strategy With U.S. Antitrust Case Looming
    Bloomberg

    Google Probe Has States Split on Strategy With U.S. Antitrust Case Looming

    (Bloomberg) -- With the U.S. Justice Department nearing a lawsuit against Alphabet Inc.’s Google for antitrust violations, a coalition of states that are conducting a parallel investigation are divided over the best strategy for taking on the internet giant, according to people familiar with the matter.While the multistate investigation into Google’s dominance of the digital advertising market is in its final stages, some state attorneys general are advocating to take more time to investigate Google’s conduct in other markets and potentially bring a broader case against the company, said the people, who asked not to be named discussing a confidential matter.The disagreement could affect whether states join a Justice Department complaint about Google. Like the states, federal antitrust enforcers have been investigating whether Google is thwarting competition in the digital advertising market, where it holds a commanding position.The Justice Department, which is coordinating with the states, wants to move quickly, two of the people said, and is on track to file a complaint this summer, another person said, though it wasn’t clear what conduct the complaint will ultimately target. The department declined to comment.“While we continue to engage with ongoing investigations, our focus is on creating free products that lower costs for small businesses and help Americans every day,” Google said in a statement.State attorneys general can play a pivotal role in enforcement cases against companies when they band together in group investigations. They joined the Justice Department in suing Microsoft Corp. in 1998 for antitrust violations. The case nearly led to the break-up of the company when a judge sided with the government. After an appeals court reversed the ruling, the Justice Department under the George W. Bush administration settled the case.Two people familiar with the states’ investigation said the split among the states reflects normal tension about the best litigation strategy. A broad complaint would cover more conduct but would take more time to complete.Texas Attorney General Ken Paxton is leading the investigation into Google’s conduct in the digital advertising market, which was announced in September on the steps of the Supreme Court. Other states, including Utah and Iowa, are focusing on internet search. Google dominates web search in the U.S., and rivals have complained that the company has prioritized its own services, such as travel and restaurant reviews, in results.Texas declined to comment. Representatives from Utah and Iowa didn’t immediately respond to requests for comment.The digital advertising part of the probe focuses on Google’s control of the tools that deliver display ads across the web. Google owns much of the technology used by publishers and advertisers to buy and sell advertising space. Google has been accused of using its dominance to siphon advertising dollars from publishers.Earlier: Google Antitrust Road Map Goes to DOJ With U.S. Suit LoomingTexas is in the later stages of its probe in advertising and could join the Justice Department’s case with some states, said two of the people. States are still waiting to get a full look into the federal complaint, one of the people said.The investigations are so complex that few among the enforcers have a sense of what the Justice Department and all the states are doing, two of the people said.The investigation into online search is not advanced as far as Texas’s probe into the digital ad market, and some states are pushing for more time to investigate, said the people. At one point, states were also looking the company’s mobile operating system, Bloomberg reported last year, though it wasn’t clear whether that is an active part of the investigation.The chief executive officer of Google search rival DuckDuckGo Inc. said last month that state and federal enforcers have asked detailed questions about how to limit Google’s power in the search market as recently as the spring.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Warren Buffett's Market Indicator Nears 150% Ahead of Independence Day
    GuruFocus.com

    Warren Buffett's Market Indicator Nears 150% Ahead of Independence Day

    US markets eke out gains as strong jobs report outclasses record jumps in new coronavirus cases Continue reading...

  • Were Hedge Funds Right About Piling Into Apple Inc. (AAPL)?
    Insider Monkey

    Were Hedge Funds Right About Piling Into Apple Inc. (AAPL)?

    We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]

  • Coronavirus update: TX mandates face coverings amid surge; more GOP officials back masks
    Yahoo Finance

    Coronavirus update: TX mandates face coverings amid surge; more GOP officials back masks

    The coronavirus pandemic showed no signs of relenting on Thursday, with the U.S. marking a new record of over 50,000 cases in a day amid a surge of new cases in the Sun Belt.

  • Big tech CEOs will testify before Congress on antitrust inquiry: RPT
    Yahoo Finance Video

    Big tech CEOs will testify before Congress on antitrust inquiry: RPT

    Yahoo Finance’s Dan Howley joins Sibile Marcellus to discuss how CEOs from Apple, Google, Amazon and Facebook will reportedly testify before Congress to answer questions related to its antitrust investigation of big tech companies.

  • Micron Reports Blockbuster Earnings. Should You Buy MU Stock?
    InvestorPlace

    Micron Reports Blockbuster Earnings. Should You Buy MU Stock?

    Memory chip giant Micron (NASDAQ:MU) reported blockbuster third quarter earnings at the end of June which both whizzed past Wall Street expectations and impressed investors, with MU stock rising 5% to near post-March highs on the news.Source: Piotr Swat / Shutterstock.com But does this strong quarter mean you should buy MU stock?I'd say so.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMU stock isn't my favorite semiconductor stock to buy at current levels. The valuation is a bit stretched on the heels of a huge, 60%+ rally since March. Shares no longer look significantly undervalued to me. Rather, they look fairly valued.At the same time, though, the fundamentals in the memory market are dramatically improving. Thanks to catalysts like workflow digitization, new gaming consoles and 5G, Micron's demand trends will significantly improve over the next few months. Against that backdrop, it's easy to see Micron stock staying in rally mode.Net net, MU stock is a good -- but not great -- pick here.Here's a deeper look. Micron's Earnings Were GreatThere's no other way to put it. Micron's earnings were fabulous. * 7 Utilities Stocks to Buy With Reassuring Dividends Revenues rose 14% year-over-year, marking the first time revenues grew year-over-year since the first quarter of 2019. Revenues were also up 13% quarter-over-quarter. Better yet, revenues next quarter are expected to rise more than 20% year-over-year, so you're seeing this accelerating revenue growth narrative play out.Gross margins clocked in at 33.2%, up four points sequentially. They are expected to rise another two points next quarter, and be up five points year-over-year -- marking the first quarter of gross margin expansion since the first quarter of 2019.Positive operating leverage returned to the Micron growth narrative. After the opex rate rose year-over-year for two straight years, the opex rate in the third quarter dropped year-over-year for the first time since 2018. The drop is expected to happen again in the fourth quarter.Operating margins dropped just five percentage points year-over-year, the smallest decline in six quarters. Next quarter, operating margins are expected to rise seven points year-over-year.Broadly, then, what you're seeing with Micron is a company getting back into growth mode, with rapidly improving margins.In the semiconductor world, that's a winning combination. The Fundamentals Will Only Get BetterThe best part about MU stock is that the company's fundamentals will only get better going forward.Just look at all the demand catalysts on the horizon for this memory chip maker.Workflows are increasingly being digitized thanks to Covid-19. Even if "normal" returns and offices re-open, business investment into cloud technology and infrastructure will only accelerate going forward. This increased cloud investment will create meaningfully large tailwinds for Micron's data-center business.Meanwhile, looking into the back-half of 2020, Apple (NASDAQ:AAPL) is going to launch the 5G iPhone, while Microsoft (NASDAQ:MSFT) and Sony (NYSE:SNE) are going to launch their next-generation gaming platforms. Naturally, these once-in-a-decade product launches will spark supercharged demand in the smartphone and gaming end-markets -- two markets from which Micron derives a bunch of revenue.There's also the broader 5G demand driver here, as the global roll-out of 5G over the next few quarters should dramatically advance edge computing capabilities, which should allow for the emergence of an entirely new class of IoT devices and self-driving technology. Micron also provides chips into those end-markets.Net net, the fundamentals supporting Micron will only get better over the next few months.As they do, revenues will keep charging higher. Gross margins will keep expanding. Opex rates will keep dropping. Operating margins will rising. Profits will keep ballooning. And MU stock will keep rallying. But Micron Stock is Fairly ValuedThe only reservation I have with MU stock here and now is with respect to valuation.Plain and simple, Micron stock is no longer attractively undervalued.Wall Street believes -- and I agree -- that Micron should be able to leverage strong 5G and cloud demand tailwinds to drive robust, 10%+ revenue growth over the next two years. During that stretch, gross margins will meaningfully expand, opex rates will meaningfully drop and profits will soar. My modeling suggests earnings per share growth from about $2.70 this year, to $6 by 2022.MU stock historically trades at 10-times forward earnings, given its history of earnings volatility and exposure to supply-demand swings in the memory chip market.A 10-times forward earnings multiple on $6 in 2022 projected earnings per share implies a 2021 price target for MU stock of $60. Discounted back by 10% per year, that implies a 2020 price target of about $55.That's only a hair above where shares trade today.As such, I think it's fair to say that MU stock is fairly valued. Bottom Line on MU StockMicron just delivered blockbuster earnings which underscore that, despite the Covid-19 pandemic, the global semiconductor market is back.The fundamentals supporting this market -- and Micron -- will only improve going forward as demand trends accelerate. Against that backdrop, it's easy to see MU stock sustaining its current rally. But caution is warranted with respect to the valuation.Luke Lango is a Markets Analyst for InvestorPlace. He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. A Caltech graduate, Luke has consistently been recognized as one of the best stock pickers in the world by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm. As of this writing, he was long MSFT. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Micron Reports Blockbuster Earnings. Should You Buy MU Stock? appeared first on InvestorPlace.