AAPL - Apple Inc.
321.03 -0.82 (-0.25%)
After hours: 6:57PM EDT
Chart Events
Triple Moving Average Crossover
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 317.94 |
| Open | 317.75 |
| Bid | 321.86 x 1000 |
| Ask | 322.09 x 1300 |
| Day's Range | 317.23 - 322.35 |
| 52 Week Range | 170.27 - 327.85 |
| Volume | 20,185,053 |
| Avg. Volume | 49,011,820 |
| Market Cap | 1.395T |
| Beta (5Y Monthly) | 1.17 |
| PE Ratio (TTM) | 25.29 |
| EPS (TTM) | 12.73 |
| Earnings Date | Jul 28, 2020 - Aug 03, 2020 |
| Forward Dividend & Yield | 3.28 (1.03%) |
| Ex-Dividend Date | May 08, 2020 |
| 1y Target Est | 308.91 |
Fair Value
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- Yahoo Finance Video
Tech companies rally behind protestors, call for change
As riots and protests break out throughout the country, companies like Nike, Apple and Amazon have expressed their support in those protesting racial inequality. Yahoo FInance’s Melody Hahm joins The Final Round panel to discuss.
- Yahoo Finance Video
Target, Lowe's, among other major companies, respond to protests, call for change
The nation continues to grapple with civil unrest over the killing of George Floyd in police custody. Many leaders across retail, tech and banking are speaking out over the weekend and Monday morning as protests continue. Yahoo Finance's Alexis Christoforous and Emily McCormick share the details.
- Investor's Business Daily
Dow Jones Futures: Apple, Netflix, Snap, Tesla In New Buy Zones, While Applied Materials, Domino's Pizza Near Buy Points
Dow Jones futures were down late Monday. Tech giants Apple, Netflix and Tesla were in new buy zones, while Domino's Pizza broke out.
- Investor's Business Daily
Dow Jones Stocks To Buy And Watch In June 2020: Apple, Intel, Microsoft, Visa, Walmart
Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in June 2020.
- MarketWatch
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- Barrons.com
How the Stock Market Historically Reacts to Protests
The U.S. is experiencing painful civil unrest in the aftermath of the Memorial Day killing of George Floyd. Yet the stock market hasn’t reacted to any of the tragic events yet.
- Bloomberg
U.S. Nursing Home Deaths Near 26,000; N.Y. Slows: Virus Update
(Bloomberg) -- New York reported 54 daily deaths from the coronavirus, the fewest since the pandemic began and down from the state’s peak of almost 800 a day in April. New cases in Italy fell to the lowest level in three months.Gilead Sciences Inc.’s treatment remdesivir showed only a limited benefit in a large trial. Moderna started a phase 2 study of its experimental vaccine, while Eli Lilly dosed patients in a study evaluating a potential antibody treatment for the disease.Wuhan’s push to break hidden virus transmission chains through aggressive testing appears to have succeeded, as no new asymptomatic cases were found in the Chinese city for the first time in two months. Apple Inc. is poised to reopen its biggest stores in Japan, and Barclays Plc will begin returning about 700 staff to offices next month.Key Developments:Virus Tracker: Cases top 6.2 million; deaths exceed 373,000A startup is testing sewage to trace the U.S. spread of virusGoogle helps place ads on sites amplifying Covid conspiraciesEuropean manufacturing emerges from lockdown with Italy in leadThe buy-side trader is getting outsourced in the pandemicSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus. For a look back at this week’s top stories from QuickTake, click here.Almost 26,000 Dead in U.S. Nursing Homes, Report Finds (5:40 p.m. NY)Close to 26,000 nursing home residents were killed by Covid-19, the U.S. government said Monday, the first nationwide tally of a population especially hard hit by the illness.There were 60,000 Covid-19 cases in nursing homes, the U.S. Centers for Medicare and Medicaid Services said in a news release describing the findings. The agency also outlined plans to bring enforcement actions against homes that don’t take sufficient steps to control and prevent infections.The death and case numbers were gathered from about 80% of the 15,400 nursing homes that the U.S. helps regulate through Medicare and Medicaid.New Zealand Nears Removing Restrictions (5:25 p.m. NY)New Zealand could remove most of its remaining restrictions on people and businesses as soon as next week after successfully wiping out the coronavirus.Prime Minister Jacinda Ardern said that cabinet would bring forward its decision on a further relaxation of measures to June 8 and the move could take effect on June 10. The nation’s Alert Level would be reduced to 1, which denotes “very few restrictions,” Ardern told Radio New Zealand. The country has just one active case remaining and no new infections for the past 10 days. U.S. New Cases Rise 1% (4 p.m. NY)Coronavirus cases in the U.S. increased 1% as compared with the same time yesterday, to 1.8 million, according to data collected by Johns Hopkins University and Bloomberg News. That’s roughly in line with Sunday’s 1.1% rate, and below the average of 1.2% over the past seven days. Deaths rose 0.6% to 104,658.New York had 54 deaths, the lowest total since the pandemic began, according to Governor Andrew Cuomo. The state reported 941 new cases, the first time in 11 weeks that new cases rose less than 1,000.Florida reported 56,830 cases on Monday, up 1.2% from a day earlier, compared with an average increase of 1.4% in the previous seven days. Deaths reached 2,460, an increase of 0.4%.California cases rose 2.2% to 113,006 while deaths increased 0.9% to 4,251, according to the state’s website.Michigan Governor Eases Restrictions (3:45 p.m. NY)Michigan Governor Gretchen Whitmer eased social-distancing rules Monday by repealing her shelter-in-place order and allowing up to 100-person outdoor gatherings. The move followed months of blowback from the GOP-controlled General Assembly in which Whitmer refused to loosen emergency declarations or share power with the Legislature. At a Lansing news conference, Whitmer said slowing of new coronavirus cases indicated the state was now ready to relax rules, including allowing in-person office work and a reopening of restaurants on June 8 so long as eateries restrict to 50% capacity and place tables 6 feet apart.“We’re taking a big step forward today, it’s undeniable,” said Whitmer, who is scheduled to testify before the U.S. House Committee on Energy and Commerce Tuesday in a hearing focused on how governors have responded to the pandemic. The state, and especially metro Detroit, was one of the regions hardest hit by the virus.N.J. Reaches Second Reopening Stage (3:13 p.m. NY)New Jersey has entered the second stage of its four-step reopening plan, with outdoor dining and hair salons slated to start in mid-June, Governor Phil Murphy said Monday.“We want our economy back,” but not recklessly, he said at a news briefing, warning that more virus cases were inevitable as restrictions lift.The state’s death toll from Covid-19 rose by 27 to 11,721, while new cases increased by 509 to 160,918.Chicago Official Urges Protesters to Quarantine (1:14 p.m. NY)Chicago’s top health official pleaded with people who were at protests over the weekend who didn’t take proper health precautions to stay home and leave only to get tested for the coronavirus.“If you have been in groups, especially if you were not able to keep that 6-foot distance and wear the face covering, I ask that as much as possible for the next 14 days you self quarantine,” Allison Arwady, Chicago Department of Public Health commissioner, said Monday. “We need everyone, now more than ever, to please practice the public health guidance even during this time where it’s not the top thing on anyone’s mind.”Arwady said she was worried gatherings over the weekend could be a setback for the city’s progress against the virus.A total of 699 arrests, primarily for looting, occurred Sunday, David Brown, Chicago Police Department superintendent, said. More than 132 police officers were injured and more than 60 guns were recovered, he said. An evening curfew remains in effect in the city.Italy Has Fewest Cases in Over 3 Months (12:10 p.m. NY)Italy registered the lowest number of new coronavirus cases in more than three months, as fatalities kept declining. Civil protection authorities reported 178 cases for the 24-hour period -- the fewest since Feb. 26 -- compared with 355 a day earlier. Daily deaths fell to 60 from 75 on Sunday; a total of 33,475 fatalities have been reported since the start of the pandemic in late February. Last week, the Italian government confirmed plans to allow travel between regions starting June 3.WHO Thanks U.S. for Past Contributions (11:50 a.m. NY)World Health Organization Director-General Tedros Adhanom Ghebreyesus addressed President Donald Trump’s announcement he would withdraw the U.S. from the WHO, thanking the U.S. for its past contributions and saying the agency hopes to continue its partnership with the U.S.“The world has long benefited from the strong collaborative engagement with the government and people of the United States,” he said Monday at a WHO press briefing. “The U.S. government and its people’s contribution and generosity towards global health over many decades has been immense and it has made a great difference in public health all around the world. It is WHO’s wish for this collaboration to continue.”He declined to answer a reporter’s question about the process for a country to withdraw from the organization, saying what he already said is enough for the time being.Amtrak Resumes Acela Service (11:23 a.m. NY)Amtrak said it resumed Acela service on the Northeast Corridor Monday with a modified schedule and new safety initiatives.The railroad restored three weekday Acela round trips. At its stations, it has enhanced cleaning and disinfecting, and will require face coverings and social distancing, according to a statement.Canada Readies Virus Aid (11:12 a.m. NY)Prime Minister Justin Trudeau is ready to announce financial support for Canadian municipalities whose revenue has plunged amid Covid-19 lockdowns.Trudeau will announce C$2.2 billion ($1.6 billion) in funding on Monday, according to a government official familiar with the plans. The money -- potentially only a first move to help cities -- will come in the form of an advanced payment of the federal Gas Tax Fund, money provided to provinces who in turn use it to fund municipalities.Providing support for public transit systems will be a priority for the government, as will other essential services such as trash collection, said the official, who spoke on condition of anonymity ahead of the announcement.Lufthansa Board Approves $10 Billion Bailout (9:41 a.m. NY)The supervisory board of Deutsche Lufthansa AG approved Germany’s 9 billion-euro ($10 billion) bailout proposal, paving the way for the airline to receive the lifeline should shareholders accept the deal.Monday’s breakthrough comes after the German government agreed that Lufthansa will reduce its presence at airports in Frankfurt and Munich by four aircraft each.The bailout will set a precedent for Air France-KLM and other airlines that could force them to give up slots in exchange for government support to survive the pandemic, European Union Competition Commissioner Margrethe Vestager said earlier in an interview.Scania to Cut Jobs to Counter Truck Demand Slump (9:32 a.m. NY)Scania AB plans to reduce its workforce after the pandemic led to a slump in demand that the Swedish truck maker expects to last for some time. The unit of Volkswagen AG’s Traton SE has about 5,000 more employees than it needs, according to a statement on Monday. That’s about 10% of the total workforce. Scania will review the positions of about 1,000 staff at its head office in Södertälje.Scania is the latest in a slew of European car and truck makers to have announced large-scale job losses in the wake of the outbreak.Gilead Drug Has Only Modest Benefit in Large Trial (8:52 a.m. NY)The result may shift perceptions of the first therapy cleared for use in severe cases of Covid-19. In the phase 3 trial, a group of moderately ill, hospitalized patients getting the drug for five days showed a modest improvement compared to those getting the standard of care, the company said in a statement. But another group getting the drug for 10 days didn’t show a statistically significant improvement, which is likely to raise questions about why a longer course doesn’t help more.Separately, Altimmune Inc. climbed in premarket trading after the FDA gave the company the go-ahead to start a Phase 1/2 study of T-COVID, an experimental therapy. The single dose intra-nasal medicine is meant to be administered at the first onset of symptoms.Vietnam May Delay Loan Payments to Year End (8:47 a.m. NY)Vietnam’s central bank is seeking comments on a plan that would exempt, reduce or delay loan interest payments in an effort to help businesses hurt by the pandemic, according to a posting on the government’s website.Fauci Says Meetings With Trump Are Less Frequent: Stat (8:23 a.m. NY)Anthony Fauci, the top U.S. infectious disease expert, said he used to meet with President Donald Trump four times a week about a month ago, and now those meetings “have been dramatically decreased,” according to an interview with Stat.A Covid-19 vaccine by the end of the year is “aspirational, but it’s certainly doable,” Fauci also said, adding that “there’s no guarantee that it’s going to be effective.”Dutch Bars, Restaurants Reopen (8:06 a.m. NY)Dutch bars, restaurants and cinemas reopened under certain social distancing restrictions. Customers must make reservations, and no more than 30 people are allowed inside venues. Wearing a face mask is mandatory on public transport.Half of U.K. Families Won’t Send Children Back to School (7:30 a.m. NY)Boris Johnson’s plans to get the stalled U.K. economy moving again face a significant challenge, with many parents choosing to keep their children at home even though they could send them back to school. Some classes for primary school children in England are due to restart this week after being closed for more than two months during the coronavirus lockdown, but head teachers expect almost half of families to shun the offer, according to a survey.Prime minister Johnson announced that from Monday, some retailers including car showrooms will be able to reopen, and people will be able to meet in groups of six from different households outdoors. Scientists have raised concerns that the lockdown easing may be too risky, with high numbers of new infections being reported daily.Barclays to Return About 700 Staff to Offices (7:23 a.m. NY)Barclays Plc will begin returning about 700 staff to offices in the U.K., the U.S. and India starting next month. The London-based bank told staff in a memo that the rest of its employees will work from home at least until the end of September, according to people with knowledge of the matter.The employees who will go back to offices over the summer will be mostly traders and others who can’t work from home, and they comprise less than 1% of global headcount, the people said. A spokesman at Barclays declined to comment.Moderna Climbs After Starting Second Stage of Testing (7:02 a.m. NY)Moderna shares rose 6% in premarket trading after the company started a phase 2 study of its experimental Covid-19 vaccine. Analysts remained upbeat about prospects for the biotech’s results, while investors await a fuller disclosure on how all 45 patients fared in the first stage of testing.Full results will be published by the National Institutes of Health in a peer-reviewed publication, likely this month.Lilly Starts Study of Antibody Treatment (6:55 a.m. NY)Eli Lilly said patients have been dosed in what it said was the world’s first study of a potential antibody treatment designed to fight Covid-19. The placebo-controlled study will assess safety in patients hospitalized with the disease and results are expected by the end of June.“Later this month, we will review the results of this first human study and intend to initiate broader efficacy trials,” the company said. “At the same time as we are investigating safety and efficacy, we also are starting large-scale manufacturing.”Singapore Plans Overhaul of Worker Dorms (6:52 a.m. NY)Singapore, which has been coping with an outbreak of coronavirus infections among its foreign workers living in tightly spaced dormitories, plans to build additional facilities with better standards. They will not come cheap, and some will be located closer to residential areas in the tiny island nation, the government cautioned.The country plans to create extra space to house around 60,000 workers by the end of this year, the ministries of national development and manpower said Monday in a joint statement. Longer term, there will also be new purpose-built dormitories to house up to 100,000 workers to replace the short- to medium-term housing, they said.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.
- Reuters
US STOCKS-Wall Street closes higher as recovery signs soothe protest, pandemic worries
U.S. stocks posted gains on Monday as signs of U.S. economic recovery helped offset jitters over increasingly violent social unrest amid an ongoing pandemic and rising U.S.-China tensions. Market leaders Facebook Inc, Apple Inc and Amazon.com provided the biggest lift to the S&P 500 and the Nasdaq, while Boeing Co gave the Dow its biggest boost. "Certainly the pace of the stock market recovery can't continue at the pace it has been," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
- Investor's Business Daily
These Retailers Shutter Stores As Lootings Mar George Floyd Protests
Target, Walmart, Nike and Apple were among major companies closing retail stores in the wake of massive protests and widespread looting across the country.
- MarketWatch
Elon Musk demands justice for George Floyd: ‘Definitely not right’ that just one Minneapolis officer has been charged
Although Elon Musk was celebrating SpaceX’s first successful manned launch into space over the weekend, he remained well-aware of the civil unrest on the ground. The CEO of Tesla (TSLA) and SpaceX addressed the protests that have escalated in the week since George Floyd, an African-American man, died after white Minneapolis police officer Derek Chauvin kneeled on his neck for several minutes, which was caught on a citizen video that went viral. While Chauvin was arrested and charged with third-degree murder and manslaughter last Friday, the other three police officers who stood by while Floyd said, “I can’t breathe,” still have not been charged.
- Barrons.com
Amazon, Target, Apple and Others Adjust Operations as Protests Turn Violent
Retailers that have largely held up better than most of their peers during the pandemic confront a new challenge.
- Reuters
US STOCKS-U.S. stocks gain as signs of recovery offset protests, economic worries
Wall Street stocks posted modest gains on Monday as signs suggesting the U.S. economy may be on the road to recovery helped soothe jitters over increasingly violent social unrest and rising U.S.-China tensions. Market leaders Apple Inc, Amazon.com and Facebook Inc provided the biggest lift to the S&P 500 and the Nasdaq, while Boeing Co provided the blue-chip Dow with its biggest boost.
- MarketWatch
Coronavirus update: Global case tally tops 6 million as weekend protests spark concerns they will lead to an increase in infections
The number of global cases of the coronavirus that causes COVID-19 climbed above 6 million on Monday, after a weekend dominated by protests across the U.S. at the death of an unarmed black man at the hands of a white police officer in Minneapolis last week.
- Motley Fool
Dow Jones Rises Despite Civil Unrest; Walmart and Apple Close Stores Over Weekend; Microsoft Replaces Editors With AI
The Dow Jones Industrial Average (DJINDICES: ^DJI) shook off some truly bad news on Monday, up about 0.2% at 11:40 a.m. EDT. Just as the U.S. economy was beginning to recover from the novel coronavirus pandemic, civil unrest in major U.S. cities threatened to impede that recovery. Shares of Apple (NASDAQ: AAPL) and Walmart (NYSE: WMT) made only small moves as the companies closed some stores on Sunday due to the unrest.
- MarketWatch
Here’s why the ‘unloved but welcome’ U.S. stock market rally from March lows won’t last, Goldman says
Investors had breathed a sigh of relief on Friday when President Donald Trump chose not to mention sanctions or tariffs at a press conference about China’s new security law in Hong Kong. Futures traders had initially shrugged off a weekend of protests against police killings of black people. After opening lower the Dow Jones Industrial Average (DJIA) reversed losses after the Institute for Supply Management manufacturing index indicated the slowdown in factory production may soon come to an end.
- Barrons.com
Soybeans, Pork, and China Could Tank Stocks’ Rally
U.S.-China tensions are escalating again, but this time the market may notice. January’s trade deal is being threatened as China halts its purchases of U.S. agricultural products in response to the U.S. revoking Hong Kong’s privileged status. Who will blink first?
- MarketWatch
Apple’s Tim Cook: Now is not the time for ‘standing on the sidelines’
Cook addressed his employees in an internal memo about inequality and discrimination as protests over the killing of George Floyd continue to erupt across the country
- Investopedia
How Corporate America Is Reacting to the Protests
The death of African American George Floyd at the hands of a Minneapolis police officer has triggered protests in multiple U.S. cities. While mostly peaceful, demonstrations grew violent in some cities, promoting the deployment of the National Guard as some protestors set vehicles and buildings on fire, engaged in acts of vandalism and looted stores. U.S. Google & YouTube homepages said, "We stand in support of racial equality, and all those who search for it.""For those feeling grief, anger, sadness & fear, you are not alone," said CEO Sundar Pichai in a statement.
- Investor's Business Daily
What Are FANG Stocks, And Should You Invest In Them?
The acronym FANG refers to four high-growth internet stocks. (Sometimes they're called FAANG stocks.) Here's what investors should know about FANG stocks and why they might be worth a look.
- TheStreet.com
Apple to Begin Producing 6.1 Inch iPhone in July or August
Apple is gearing up to begin production of its 6.1-inch iPhone models in July or August, news reports said Monday. Apple plans to launch four new iPhone models in three sizes this fall, and the company will likely introduce these devices in October rather than September, Digitimes reported. Apple is expected to debut its first 5G-enabled devices to market in the fall.
- MarketWatch
Protests force Target, Walmart and CVS to close some stores
U.S. retailers large and small have closed some of their stores across the country because of disruptions caused by the widespread street protests over the police killing of George Floyd in Minneapolis.
- MarketWatch
Pfizer's stock tumbles to pace the Dow's decliners, would cut about 17 points off the Dow's price
Share of Pfizer Inc. tumbled 6.5% in premarket trading Monday, enough to pace all of the Dow Jones Industrial Average' s early decliners after the drug maker said it halted a study of a potential breast-cancer treatment. The implied price decline would shave about 17 points off the Dow's price, while Dow futures were down 45 points. Pfizer's stock is the lowest priced component of the Dow, which is a price-weighted index, meaning percentage changes in Pfizer's stock have the least influence of the 30 components. For example, a 1% change in Pfizer's stock moves the Dow by about 2.6 points, while a 1% move in Apple Inc.'s stock , which is the highest priced Dow components, would move the Dow by 21.6 points. Late Friday, Pfizer said a phase 3 trial of palbociclib, also known as Ibrance, did not reach its intended change in survival rates. Pfizer's stock has run up 14.3% over the past three months through Friday, while the Dow has slipped 0.1%.
ReutersFacebook, Snapchat join chorus of companies condemning George Floyd death, racism
Facebook Inc and Snap Inc became the latest U.S. companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week. "We stand with the Black community - and all those working towards justice in honor of George Floyd, Breonna Taylor, Ahmaud Arbery and far too many others whose names will not be forgotten," Facebook's Chief Executive Officer Mark Zuckerberg said in a Facebook post late Sunday.
- MarketWatch
Apple to begin volume production of new flagship iPhones in July or August: report
Apple Inc. is set to begin volume production of its forthcoming 6.1-inch iPhone models in July or August, according to a report from Digitimes on Monday. The report indicates that Apple plans to launch four new iPhone models in three sizes this fall and that the company will likely introduce these devices in October rather than September. Apple's fall iPhone launch is highly anticipated as it's expected to bring the company's first 5G-enabled devices to market. Cowen and Co. analyst Krish Sankar wrote last week that "a shift in the timing by a month or two is not material in the long term" for the flagship devices. Apple didn't immediately respond to a MarketWatch request for comment. Apple shares are down 0.3% in premarket trading Monday. They've added 16% over the past three months as the Dow Jones Industrial Average has slipped 0.1%.
