Nasdaq AAPL Apple

Europe's stock markets and the euro sagged on Thursday as investors waited for another European Central Bank rate rise after the U.S. Federal Reserve signalled that its marathon hiking run might finally have hit pause.

Sometimes it's better to be lucky than good. But the true greats like Warren Buffett are both. His holding company Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) began buying shares of iPhone maker Apple (NASDAQ: AAPL) in 2016. That investment has grown into the holding company's

For Immediate ReleaseChicago, IL – May 4, 2023 – Today, Zacks Investment Ideas feature highlights Apple AAPL.

Apple ( NASDAQ:AAPL ) will announce its second-quarter financials on Thursday, May 4, 2023. Wall Street expects Apple’s top line to drop, reflecting the ongoing weakness in product sales. However, the momentum in Services revenue could continue to support overall sales.  Analysts Weigh In Analysts expect Apple to report  revenue of $92.91 billion in the second quarter, reflecting a year-over-year decline of about 4.5%. Momentum in Services sales and the easing of supply-chain headwinds and improvement in China could support overall revenue, but tough year-over-year comparisons and pressure on consumer spending due to high inflation and interest rates will likely hurt Mac sales.  Monness analyst  Brian White expects AAPL’s Q2 revenue to decrease by 6%. In a note to investors dated May 1, White expects iPhone sales to improve compared to Q1. However, he sees iPhone revenue declining by 4% year-over-year. The analyst projects a 43% drop in Mac revenue, reflecting weak consumer spending trends and normalization in demand post the easing of COVID-led lockdowns.  Nonetheless, White forecasts a 7% growth in Apple’s Services sales, reflecting a growing installed base of active devices and an increase in paid subscriptions.  Along with White, Goldman Sachs analyst  Mike Ng sees a 3% drop in Apple’s Q2 revenues. On April 24, the analyst said he expects a 5% fall in AAPL’s product revenues. However, he expects iPhone sales to offset the weakness in Mac revenue. Given the ongoing pressure on its top line, analysts project AAPL’s earnings to decline in Q2. Wall Street expects AAPL to  post earnings of $1.43 a share in Q2, compared with an EPS of $1.52 in the prior year’s quarter.  Is Apple a Buy, Sell, or Hold?     Apple stock has gained about 30% year-to-date. Further, analysts maintain their bullish outlook on AAPL stock. It has received 21 Buy, four Hold, and one Sell recommendations ahead of Q2, reflecting a Strong Buy consensus rating.  The analysts’ average price target of $175.05 implies 3.86% upside potential.  Bottom Line  While Apple’s top line is projected to decline in Q2, iPhone sales could show improvement. Further, the easing of supply-chain headwinds and ongoing strength in the Services segment bodes well for growth. Apple could also provide a favorable update on share buybacks or dividends, which could act as a catalyst.  Disclosure

The spotlight moves swiftly from the Fed's "possible pause or pivot" message overnight to the European Central Bank, where the direction of rates is not in question.

Edging out some nice gains this year all eyes are on Apple (AAPL) this week with the company set to release its fiscal second-quarter earnings on Thursday, May 4.

Apple ( NASDAQ:AAPL ) stock has been making headlines for launching a savings account that sports a competitive 4.15% interest rate. Undoubtedly, the latest product offering to come from Apple's fintech push comes at a pretty exciting time, at least through the eyes of a potential market disruptor. As Apple wanders deeper into financial services with its disruptor hat on, it's hard to be anything but bullish on the firm. U.S. Regional Banks Feel Pressure. Apple May Be Seeing an Opportunity The U.S. banks have been under a lot of selling pressure for well over a month now. Indeed, it all started with SVB Financial's failure. As other regionals fell under the weight of the Fed's interest rate hikes, a full-blown U.S. regional banking crisis came to be. Bad bond investments eroded depositor confidence, eventually paving the way for a bank run. It's difficult to tell when this pressure hurting the regional banks will be contained. Over a span of a month and a half, we've witnessed the second, third, and fourth-largest bank failures in U.S. history. After such a wave of failures, it's no mystery why some depositors feel a bit on edge. While larger U.S. banks have mostly been steady in this storm, they too could stand to lose a bit as depositors look to consider alternatives. Of course, there have always been fintech firms, neobanks, and smaller financial institutions that have offered highly-competitive rates on deposits. That said, never before has there been a respected, consumer-centric behemoth of a firm like Apple getting in on the financial services space. Apple's a $2.65 trillion company that many tech-savvy users already trust day-to-day with their data. For many Apple users, this trust has been built for well over a decade. When it comes to financial services, trust and reliability play a massive role in where depositors or investors choose to take their business. Of course, competitive rates always help, but they're not always the determining factor. With Apple pulling the curtain on its high-rate savings account, I think the firm could stand to win a lot of business as confidence in banks takes a modest blow with every regional bank that goes down. Apple and Goldman Could Continue to Make Moves in Consumer Banking Apple may be a relative newcomer to the financial services space, but it has all the tools it needs to thrive. With a bit of help from Goldman Sachs ( NYSE:GS ), I believe Apple is the one firm that could upend the financial industry as we know it. Undoubtedly, the business of banking can be profitable, but it can also be wildly turbulent when the tides turn. With Apple teaming up with Goldman (and perhaps other banks in the future), the firm may find itself with the ability to enjoy more of the feast to be had within financial services minus potential indigestion. At this juncture, many depositors may be inclined to take money out of those sub-2% savings accounts and stash it with Apple, where they can make more than double the interest. Reportedly, 69% of Apple Card holders expressed interest in opening up a savings account. Younger consumers, specifically those in the Millennial and Gen Z cohort, may be inclined to get an Apple Card if it means gaining excess to such a competitive savings account. According to a report conducted by Forbes, Apple's high-yield savings account brought in nearly $1 billion worth of deposits in just four days. That's impressive. Apple has a competitive rate, a reputation built on decades of trust, and a brand that's virtually impossible to match. It's no mystery why Apple's foray into banking has been met with such profound early success. Is AAPL Stock a Buy, According to Analysts? Turning to Wall Street, AAPL stock comes in as a Strong Buy. Out of 25 analyst ratings, there are 21 Buys, three Holds, and one Sell recommendation. The average Apple price target is $177.23, implying upside potential of 5.8%. Analyst price targets range from a low of $120.00 per share to a high of $205.00 per share. The Bottom Line on Apple Stock and Its Fintech Push Apple has always been about doing things better than the competitors it seeks to go up against. As select banks face a crisis of confidence, I'd look for more people to take their money over to Apple, not just for the higher rate but for greater convenience and more peace of mind. Going into earnings, I'd look for more details about Apple's fintech push. Even if the quarterly results fail to impress, commentary on Apple's direction could be a needle-mover for the stock. Disclosure 

The NASDAQ 100 After Hours Indicator is up 9.06 to 13,039.27. The total After hours volume is currently 74,856,718 shares traded.The following are the most active stocks for the after hours session: Stag Industrial, Inc. (STAG) is -0.1 at $34.90, with 11,719,722 shares traded. S

Qualcomm Inc forecast third-quarter revenue and profit below Wall Street estimates on Wednesday on worries it will take longer for the smartphone industry to exhaust the excess supply before fresh orders start flowing in.

Qualcomm Inc forecast third-quarter revenue and profit below Wall Street estimates on Wednesday on worries it will take longer for the smartphone industry to exhaust the excess supply before fresh orders start flowing in.

Apple’s AAPL second-quarter fiscal 2023 results, to be reported on May 4, are expected to reflect the impacts of the sluggishness in the Services business.The segment, which includes revenues from the App Store, Apple Music, iCloud, Apple Arcade, Apple TV+, Apple News+ an

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Ford CEO Jim Farley said Wednesday price cuts in the electric vehicle market "is a worrying trend" after the U.S. automaker dropped prices for its Mustang Mach-E in response to a series of reductions by rival Tesla.

Nvidia Corp short sellers have lost $5.09 billion so far this year as the stock has jumped more than 90%, according to financial data firm S3 Partners.

The Federal Open Market Committee (FOMC) is widely expected to pull the trigger on another 25-basis point (0.25%) rate hike today. But given three of the largest U.S. bank failures in recent months, will the Fed stay the course?

The world’s largest mega-cap technology stocks have been in the spotlight after reporting better-than-feared results that lifted market sentiment last week. Four of the five biggest tech players — Microsoft MSFT, Amazon AMZN, Meta Platforms META and Alphabet GOOGL — came

Apple AAPL, the unequivocal king of the stock market reports earnings Thursday, May 4 after the market closes. As the world’s leading consumer products and technology company, Apple’s earnings act as an important bellwether for the broader economy.

In early trading on Wednesday, shares of Intel topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.8%. Year to date, Intel registers a 15.7% gain.

We're in the midst of the period when companies issue their financial reports for the quarter that ended March 31, and Wall Street pros and regular investors alike are keeping a close eye on the results. With inflation falling but still elevated, and interest rates higher than th

For Immediate ReleaseChicago, IL – May 3, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in th