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Nasdaq AAPL Apple

Is Apple Really Building a Car?

3 years 2 months ago
Apple (NASDAQ: AAPL) seems to be continuing its car efforts, recently moving them to Arizona. But the data on Apple's autonomous vehicle efforts aren't promising, which Travis Hoium highlights in this video.
The Motley Fool

How Many Miles Is Tesla Driving Autonomously?

3 years 2 months ago
Tesla (NASDAQ: TSLA) is considered an autonomous driving leader by many investors, but is that true? In the state of California, Tesla has reported shockingly few miles in fully autonomous mode, even with a safety driver, indicating that it may be falling behind. Travis Hoium cov
The Motley Fool

Apple Stock (NASDAQ:AAPL): Near-Term Headwinds Could Limit Further Upside

3 years 3 months ago
Apple’s ( NASDAQ:AAPL ) revenue has declined for two consecutive quarters, as macro pressures continue to weigh on consumer spending on discretionary items. Nonetheless, AAPL shares have rallied about 55% so far this year amid optimism around generative artificial intelligence (AI) and confidence in the tech giant’s ability to continue to grow in the long term. While most Wall Street analysts remain bullish on Apple, the upside in the stock could be limited in the near term due to ongoing macro pressures.   Analysts Stay Bullish on AAPL Stock Apple’s overall revenue declined 3% year-over-year to about $95 billion in the fiscal second quarter (ended April 1, 2023), following a 5% fall in the prior quarter. High inflation and macro pressures have impacted consumers’ wallets, with discretionary spending taking a backseat. Apple expects its June quarter revenue decline rate to be similar to the March quarter. Despite the ongoing challenges, Apple’s iPhone business and its Services segment remain resilient. It is worth noting that iPhone revenue increased 1.5% during Q2 FY23, even as the broader smartphone industry sales plunged as per IDC estimates. Revenue from the company’s higher-margin Services business increased 5.5% in Q2 FY23. On Tuesday, KeyBanc analyst Brandon Nispel increased his price target for Apple stock to $200 from $180 and reiterated a Buy rating on the stock. While the analyst’s long-term view is bullish, he told investors that he is neutral on the stock in the near term due to his below-consensus hardware revenue estimates for Q3 FY23. The analyst explained that the excitement around Apple’s new product launches and investors' preference for safer bets “is resulting in an elevated multiple” for the stock.   Last week, Bank of America analyst Wamsi Mohan noted that as per SensorTower data, App Store revenues in Q3 FY23 increased 5.9% year-over-year to $6.6 billion, with total downloads on iPhone and iPad increasing 4.3%. Also, App Store dollars per download grew 1.5% in the fiscal third quarter. Overall Mohan highlighted that App Store trends improved marginally in the June quarter from the March quarter. However, Mohan continues to have a Hold rating on the stock with a price target of $190 based on risk-reward balance, as positive catalysts related to new product launches ( AR/VR headset) and stable iPhone sales are offset by a potentially weaker consumer spending backdrop in the second half of the year. Is Apple a Buy, Sell, or Hold? Wall Street’s Strong Buy consensus rating on AAPL is based on 24 Buys and seven Holds. The average price target of $193.57 implies only 3% upside potential.   Investors looking for AAPL’s most accurate and profitable analyst could follow  TD Cowen analyst Krish Sankar. Copying the analyst’s trades on this stock and holding each position for one year could result in 96% of your transactions generating a profit, with an average return of 52.4% per trade. Conclusion While most Wall Street analysts remain bullish on Apple due to its long-term growth potential backed by production innovation, brand value, and high-margin Services business, the average price target indicates limited upside due to the impact of macro pressures on the tech giant’s business.   Disclosure
TipRanks

VUG vs. SCHG: Which is the Top Growth ETF?

3 years 3 months ago
In 2023, growth stocks, primarily led by a revitalized tech sector excited by the promise of AI advancements, have been the market frontrunners. This surge is, in part, due to easing inflation concerns that previously plagued growth stocks last year. Against this bullish backdrop, two of the market’s top growth ETFs have raced out to impressive year-to-date gains just over halfway through 2023 -- the Schwab U.S. Large-Cap Growth ETF ( NYSEARCA:SCHG) has returned 35.1% so far in 2023, while the Vanguard Growth ETF ( NYSEARCA:VUG) has returned a slightly lower 32.8%. So, which of these two popular blue chip growth ETFs is the better buy now?  Which Stocks Do These ETFs Hold? SCHG is an ETF from Charles Schwab with $19.2 billion in assets under management (AUM) that invests in the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. VUG is a much larger ETF from Vanguard with $92.1 billion in AUM that invests in an index that tracks the returns of large-cap growth stocks. Both ETFs feature strong collections of top growth stocks. VUG owns 240 stocks, and its top 10 holdings make up about half of the fund. Below, you’ll find an overview of VUG’s top 10 holdings using TipRanks’ holdings tool. Meanwhile, SCHG has a similar portfolio construction, holding 242 stocks, and its top 10 holdings make up a slightly higher 55.6% of the fund. Check out SCHG’s top 10 holdings below. As you can see, there is plenty of overlap between the top holdings of the two funds. Both heavily feature the mega-cap technology stocks that have done much of the heavy lifting to propel the market higher all year. Apple ( NASDAQ:AAPL ), Microsoft ( NASDAQ:MSFT ), Amazon ( NASDAQ:AMZN ), and Nvidia ( NASDAQ:NVDA ) are the top four holdings for both funds, and they share eight of the same top 10 holdings.  The top holdings of both funds also feature strong Smart Scores. Nine of VUG’s top 10 holdings feature Smart Scores of 8 or better, while eight of SCHG’s do. The Smart Score is a proprietary quantitative stock scoring system created by TipRanks. It gives stocks a score from 1 to 10 based on eight market key factors. A Smart Score of 8 or higher is equivalent to an Outperform rating. VUG and SCHG both feature ETF Smart Scores of 8 out of 10. Both VUG and SCHG are dividend payers, although they don't sport the types of yields that will draw in income investors. VUG currently yields 0.6%, while SCHG yields a slightly lower 0.45%. Is VUG Stock a Buy, According to Analysts? Turning to Wall Street, VUG has a Moderate Buy consensus rating, as 66.84% of analyst ratings are Buys, 29.84% are Holds, and 3.32% are Sells. At $302.69, the average VUG stock price target implies 7.5% upside potential. Is SCHG Stock a Buy, According to Analysts? Looking at SCHG, it has a Moderate Buy consensus rating, as 68.05% of analyst ratings are Buys, 28.38% are Holds, and 3.57% are Sells. At $80.35, the average SCHG stock price target implies 7.75% upside potential. Investor-Friendly Fees One area where these two ETFs really stand out is in terms of their fees. Both SCHG and VUG feature very attractive expense ratios. In fact, they both charge just 0.04% in fees. This is among the most advantageous fees you will find in the market today. An investor allocating $10,000 towards SCHG or VUG would pay just a barely-noticeable $4 in fees in year one. Assuming a return of 5% a year over the next decade and that the current expense ratios remain constant, this same investor would pay only $51 in fees over 10 years. Long-Term Performance Comparison In addition to their low costs, these ETFs also stand out because of the impressive performances that they have put up over the long term.  As of June’s close, VUG had an impressive one-year total return of 28% and a three-year annualized total return of 12.6%. Over the past five years, it posted an excellent 14.5% annualized total return, and over the past decade, it posted an even better 14.9% annualized total return. Moving onto SCHG, as of the end of June as well, it had a one-year total return of 30%. Further, it posted a three-year annualized total return of 14.4%, a five-year annualized total return of 15.4%, and a stellar 10-year annualized return of 15.7%. So, as good as VUG has been, as you can see, SCHG managed to outperform it over each of these time frames.   Long-time investors know that it’s very difficult to beat the market over the long run. Using the popular Vanguard S&P 500 ETF ( NYSEARCA:VOO) as a proxy for the S&P 500 ( SPX ), both SCHG and VUG have beaten VOO's one-year total return of 19.5%. Meanwhile, its three-year annualized return of 14.6% is better than VUG’s but trails that of SCHG. Further, both VUG and SCHG beat VOO’s five-year annualized total return of 12.3%, and both trump its 10-year annualized total return of 12.8% as well. Therefore, while SCHG has outperformed VUG over time, both of these ETFs are pretty good investment vehicles in that they have been beating the broader market over the long run.  Below, you’ll find a comparison of VUG and SCHG based on performance, fees, and a variety of other criteria, with VOO added in for good measure, using TipRanks’ ETF Comparison Tool, which enables investors to compare up to 20 ETFs at once.  Investor Takeaway These are both low-fee, investor-friendly ETFs with great portfolios and great long-term performances to match. While past performance is no guarantee of future results, SCHG has beaten VUG over each of the time frames discussed above, making it the top choice between the two, but both look like great ETFs as they have both beaten the broader market over the course of the past decade. I believe these are ETFs that investors can view as core long-term holdings that they can build their portfolios around. With growth stocks surging so far in 2023, investors can consider starting positions in these ETFs and then dollar-cost averaging into them over time during periods of market weakness. Disclosure  
TipRanks

Unusual Call Option Trade in Apple (AAPL) Worth $1,763.28K

3 years 3 months ago
On July 11, 2023 at 15:24:24 ET an unusually large $1,763.28K block of Call contracts in Apple (AAPL) was bought, with a strike price of $190.00 / share, expiring in 556 day(s) (on January 17, 2025). Fintel tracks all large options trades, and the premium spent on this trade was
Fintel

Best Performing Active ETFs of 1H 2023

3 years 3 months ago
Active ETFs, which currently represent less than 6% of total assets, have gathered over 20% of all net flows this year. This increasing investor interest in active strategies is driven by uncertain market conditions and the belief
Zacks

Notable Tuesday Option Activity: AMZN, AAPL, ENPH

3 years 3 months ago
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Amazon.com Inc (Symbol: AMZN), where a total of 445,198 contracts have traded so far, representing approximately 44.5 million underlying shares. That amounts to about 82
BNK Invest
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17 minutes 51 seconds ago
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