|Bid||0.00 x 3100|
|Ask||0.00 x 1800|
|Day's Range||162.23 - 165.75|
|52 Week Range||150.13 - 187.53|
|PE Ratio (TTM)||9.21|
|Beta (3Y Monthly)||1.18|
|Expense Ratio (net)||0.20%|
In the meantime, here are a few must-see stock charts. Let’s start with the PowerShares QQQ ETF (NASDAQ:QQQ), an ETF that closely mirrors the Nasdaq index. After a strong reversal on Monday and some continuation on Tuesday, the QQQ has gained some bullish momentum.
The U.S. stock market, as represented by the Dow Jones Industrial Average, was down 500 points Monday. Please click here for an annotated day chart of Apple (AAPL) stock. Please click here for Apple’s intraday chart.
As of yesterday, the S&P 500 benchmark (SPY) has dived 9.5% while the NASDAQ Composite Index (QQQ) and Dow Jones Industrial Average have lost 12.4% and 7.7%, respectively. Now let’s see what billionaire investor Paul Tudor Jones has to say about the stock market’s future. Yesterday, CNBC interviewed Paul Tudor Jones, a who came into the limelight after predicting a huge market sell-off in October 1987 and is now known as “Black Monday.” Jones said, “We probably are sitting on a big global credit bubble.
Will Apple's Falling Stock Encourage Warren Buffet to Buy More? Over the last couple of months, Apple (AAPL) has been surrounded by a storm of negativity with more and more analysts turning negative on the stock. Plus, Trump’s comments during an interview with The Washington Post, suggesting a 10% tariff on iPhones and MacBooks imported from China, worsened the situation for Apple.
Technically speaking, the S&P 500 has maintained significant support (2,581), punctuating a massive early-December downdraft, writes Michael Ashbaugh.
The broader market started December 11 on a positive note, with the S&P 500 benchmark trading at a 1.3% rise as of 9:34 AM EST. Auto stocks are leading the stock market rally (QQQ) today. General Motors (GM), Ford Motor Company (F), and Fiat Chrysler Automobiles (FCAU) have risen 3.5%, 3.2%, and 2.5%, respectively.
A PPI headline of +0.1% for November was better than the -0.1% analysts had been expecting, though down from the unrevised +0.6% in October.
If you want an edge in investing, you need to look at money flows from the smart money and the momo crowd.
BlackBerry (BB) has also been affected with its stock slipping by a significant 31% since October. BlackBerry’s upcoming earnings will thus be critical, as any deviation from the average estimates could result in a further price correction. Analysts expect BlackBerry to post revenues of $214.38 million in the third quarter of fiscal 2019 (year ending in February), an 8.8% fall year-over-year compared to $235 million in the third quarter of fiscal 2018.
Despite stumbling out of the gates, U.S. markets and stock ETFs could still pick up steam in the seasonally strong December month. Over the past month, the Invesco QQQ Trust (QQQ) decreased 8.1%, SPDR Dow Jones Industrial Average ETF (DIA) fell 6.5% and SPDR S&P 500 ETF (SPY) dropped 6.2%.
The United States’ largest tech company, Apple (AAPL), has faced a storm of negativity lately. The company had lost about 25.4% in the fourth quarter of calendar 2018 so far. It was trading 0.4% lower on a year-to-date basis as of December 7. Reports about softness in demand for new iPhones have hurt investor sentiment over the last couple of months. Today, more news from China added to Apple investors’ misery.
The largest Chinese used car e-commerce platform, Uxin (UXIN), continues to rally after its strategic partnership with Alibaba Group’s (BABA) Taobao last week. Let’s take a closer look at why the deal with Alibaba was so important for Uxin—and if the stock is still a good buy.
American tech giant Apple (AAPL) has been known for its innovative and quality products since its inception. In the latest blow to Apple, it seems to be losing its legal battle with popular chipmaker Qualcomm (QCOM) in China.
On December 8, China (FXI) released its trade data for November. The country’s trade data received even more scrutiny this year amid the US-China trade war. The world’s two largest economies have been involved in a bitter trade war and have imposed tariffs on billions of dollars of each other’s goods.
Futures Jump on Brexit Vote Cancellation UK Prime Minister Theresa May all but admitted she does not have the votes to pass her Brexit deal through the British House of Commons by postponing the vote to a date yet to be decided. The Nasdaq and S&P 500 both jumped on the news, as it keeps […] The post Market Morning: Brexit Balk, Inflation Data, Tesla Swoops In On GM appeared first on Market Exclusive.
President Trump seems to be fixated on equity markets. On December 31, 2017, in response to a Fox Business article, Trump tweeted, “If the Dems (Crooked Hillary) got elected, your stocks would be down 50% from values on Election Day. Trump has always been quite quick to take credit for the stock market’s gains.
According to a report in the Wall Street Journal, President Trump is focused on stock markets and is contemplating the reasons behind the increased volatility lately. The S&P 500 (SPY), the Dow Jones Industrial Average (DIA), and the NASDAQ Composite (QQQ) fell by 4.4%, 4.4%, and 4.7%, respectively, last week.
Over the weekend, China released its trade data for November. First, China’s export and import growth were lower than expected in November at multimonth lows. To add to the gloom, China’s politically sensitive trade deficit with the US reached a new record in November.
As of December 7 at 12:15 PM EST, Apple stock was down 2.4% from its previous day’s closing price, extending the losses it had seen in the last couple of sessions. On a quarter-to-date basis, AAPL has fallen 22.6% compared to the 10.3% fall in the NASDAQ Composite Index (QQQ) in the fourth quarter so far. Earlier today, popular investment company Morgan Stanley revised its price target on Apple stock to $236 from $253, CNBC reported.
Conclusion: My point is this: When I hear people say they are happy to pay 12.5 times for Apple, you have to put that into context of WHEN Apple will start reaccelerating its growth to make that valuation is worth it. Buying too far ahead of an earnings/cyclical trough is very dangerous, UNLESS the price gives you some major cover by just getting too cheap to ignore. But beware that gulf before growth starts again. Time usually should be your guide.
On December 7, Tesla (TSLA) stock continues to swim against the current for the second consecutive day. At 11:10 AM EST, the stock rose 2.5%—compared to the S&P 500’s (SPY) 1.0% losses. The NASDAQ Composite Index and the Dow Jones Industrial Average fell 1.5% and 1.2%, respectively.
Yes there is still a deceleration in earnings form 23% growth in calendar 2018 to 12% in 2019. However, the January quarter looks to be the bottom. We go from 27% earnings growth in October all the way down to 3% in January. But absent a global meltdown, that looks to be the bottom. After that you get accelerating earnings growth: +3% to +9% to +16% to +10% and overall 12% earnings growth for 2019. And right now you are only paying 9.8 times, plus you get a 4.6% dividend yield. And they have a nice 5G equipment cycle ramping throughout the year. The stock has underperformed the Nasdaq (QQQ) this year, down about 10% YTD. I am not saying all-in, this sell-off is vicious. But Broadcom now screens as decent risk/reward situation going into 2019 – only the 3rd SOXX stock to do that so far.