Nasdaq AAPL Apple

Chip technology firm Arm China suffered a 90% drop in profit last year despite revenue rising more than 30% during the first year management appointed by SoftBank Group Corp took over, according to a financial document reviewed by Reuters.

U.S. main stock indexes fell more than 1% on Thursday after stronger-than-expected inflation data and a fall in weekly jobless claims fed into fears that the Federal Reserve will keep raising interest rates to tame high prices.

The pandemic and 5G-fueled spending spree is over. Smartphone sales have plummeted compared to where they were in 2021 and early 2022, and companies highly reliant on these device sales are languishing.

U.S. stocks ended higher on Wednesday, as investors digested stronger-than-expected retail sales data and at the same time assessed the latest inflation report that suggested the Fed would continue to hike interest rates at an aggressive pace than previously thought. All

U.S. stock indexes were on track to open sharply lower on Thursday after stronger-than-expected producer prices data fed into fears that the Federal Reserve will keep raising interest rates to tame stubbornly high inflation.

You may have finished celebrating Valentine’s Day, but gifting something unique, like a stock that will enhance the financial well-being of your partner, shouldn’t be limited to a day. If you plan to gift shares, we recommend stocks that are the most held by investors who maintain Smart Portfolios on TipRanks. Using TipRanks’  TipRanks Smart Portfolio tool, we have selected Apple ( NASDAQ:AAPL ), Amazon ( NASDAQ:AMZN ), and Tesla ( NASDAQ:TSLA ). Our data shows that AAPL is the most-held stock, followed by AMZN and TSLA. Further, 10.53% of the total Smart Portfolios hold AAPL stock, up 14.41% on average since last week. Meanwhile, 9.4% of the portfolios have AMZN and TSLA stocks, reflecting average increases in the past week of 40.81% and 19%, respectively. These three stocks have a good chance of making your loved ones wealthier by the next Valentine’s Day. Holding these stocks for longer can be even more rewarding. Let’s dig deeper.   What’s the Prediction for Apple Stock? Macro and currency headwinds, COVID-led challenges in China, and supply-chain issues weighed on Apple’s financials, which reported a 5%  decline in sales in Q1 of Fiscal 2023. Its  earnings of $1.88 per share came in below the Street's expectations.  Nevertheless, analysts see these short-term challenges to dissipate and highlight the strength in the Services segment and growing installed base of 2 billion active devices as a key growth driver.  Apple stock sports a Strong Buy consensus rating on TipRanks, reflecting 25 Buys and five Holds. Further, Wall Street’s average price target of $172.71 implies 11.19% upside potential.  Along with analysts, hedge funds are also bullish about AAPL stock. Our data shows that  hedge funds bought 11.1M shares of AAPL last quarter. Further,  Warren Buffett’s Berkshire Hathaway ( NYSE:BRK.A )( NYSE:BRK.B )  bought more of AAPL stock in the last quarter, while BlackRock ( NYSE:BLK ) also  increased its holdings in AAPL.  Overall, Apple stock has a Neutral Smart Score of seven on TipRanks.  Is Amazon a Buy or Sell? Currency headwinds, economic uncertainty, and higher inflation and interest rates continue to hurt Amazon’s  financial performance and price. While challenges persist in the short term, Amazon is poised to gain from its leadership positions in e-commerce and cloud computing. Further, the strength of its advertising unit is positive.  Among 39 analysts, 36 have rated it a Buy. Meanwhile, three analysts recommend Hold. Further, analysts’ average price target of $137.05 on AMZN stock reflects 35.48% upside potential. Besides for analysts, hedge funds are also bullish about  AMZN stock. Hedge funds  bought 17.3M shares of AMZN last quarter. Meanwhile, AMZN has a  Neutral Smart Score of seven. Is Tesla Stock Likely to Go Up? The economic uncertainty and pressure on consumer spending will likely hurt the automotive industry and Tesla stock. However, Tesla CEO  Elon Musk’s positive commentary about demand and production indicates that Tesla could outperform the broader market.  Tesla stock has already gained about 74% year-to-date in 2023. Thus, the consensus 12-month price target of $202.46 suggests a downside of 5.5% over the next 12 months. It has received 22 Buy, six Hold, and three Sell recommendations for a Moderate Buy consensus rating.  While analysts are cautiously optimistic,  hedge funds sold 6.6M shares of TSLA in the last three months. TSLA stock has a Neutral Smart Score of nine. Bottom Line  Valentine’s Day is over, but you can always gift something unique, like a stock, to your loved ones that will add to their financial freedom. AAPL, AMZN, and TSLA are solid long-term picks, making them attractive for gifting. However, due to the short-term headwinds, they carry a Neutral Smart Score on TipRanks.  Meanwhile, investors can leverage  TipRanks’ Experts Center tool to identify top stocks that can outperform the broader market averages. Disclosure

For Immediate ReleaseChicago, IL – February 16, 2023 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts yo

You may have finished celebrating Valentine’s Day, but gifting something unique, like a stock that will enhance the financial well-being of your partner, shouldn’t be limited to a day. If you plan to gift shares, we recommend stocks that are the most held by investors who maintain Smart Portfolios on TipRanks. Using TipRanks’  TipRanks Smart Portfolio tool, we have selected Apple ( NASDAQ:AAPL ), Amazon ( NASDAQ:AMZN ), and Tesla ( NASDAQ:TSLA ). Our data shows that AAPL is the most-held stock, followed by AMZN and TSLA. Further, 10.53% of the total Smart Portfolios hold AAPL stock, up 14.41% on average since last week. Meanwhile, 9.4% of the portfolios have AMZN and TSLA stocks, reflecting average increases in the past week of 40.81% and 19%, respectively. These three stocks have a good chance of making your loved ones wealthier by the next Valentine’s Day. Holding these stocks for longer can be even more rewarding. Let’s dig deeper.   What’s the Prediction for Apple Stock? Macro and currency headwinds, COVID-led challenges in China, and supply-chain issues weighed on Apple’s financials, which reported a 5%  decline in sales in Q1 of Fiscal 2023. Its  earnings of $1.88 per share came in below the Street's expectations.  Nevertheless, analysts see these short-term challenges to dissipate and highlight the strength in the Services segment and growing installed base of 2 billion active devices as a key growth driver.  Apple stock sports a Strong Buy consensus rating on TipRanks, reflecting 25 Buys and five Holds. Further, Wall Street’s average price target of $172.71 implies 11.19% upside potential.  Along with analysts, hedge funds are also bullish about AAPL stock. Our data shows that  hedge funds bought 11.1M shares of AAPL last quarter. Further,  Warren Buffett’s Berkshire Hathaway ( NYSE:BRK.A )( NYSE:BRK.B )  bought more of AAPL stock in the last quarter, while BlackRock ( NYSE:BLK ) also  increased its holdings in AAPL.  Overall, Apple stock has a Neutral Smart Score of seven on TipRanks.  Is Amazon a Buy or Sell? Currency headwinds, economic uncertainty, and higher inflation and interest rates continue to hurt Amazon’s  financial performance and price. While challenges persist in the short term, Amazon is poised to gain from its leadership positions in e-commerce and cloud computing. Further, the strength of its advertising unit is positive.  Among 39 analysts, 36 have rated it a Buy. Meanwhile, three analysts recommend Hold. Further, analysts’ average price target of $137.05 on AMZN stock reflects 35.48% upside potential. Besides for analysts, hedge funds are also bullish about  AMZN stock. Hedge funds  bought 17.3M shares of AMZN last quarter. Meanwhile, AMZN has a  Neutral Smart Score of seven. Is Tesla Stock Likely to Go Up? The economic uncertainty and pressure on consumer spending will likely hurt the automotive industry and Tesla stock. However, Tesla CEO  Elon Musk’s positive commentary about demand and production indicates that Tesla could outperform the broader market.  Tesla stock has already gained about 74% year-to-date in 2023. Thus, the consensus 12-month price target of $202.46 suggests a downside of 5.5% over the next 12 months. It has received 22 Buy, six Hold, and three Sell recommendations for a Moderate Buy consensus rating.  While analysts are cautiously optimistic,  hedge funds sold 6.6M shares of TSLA in the last three months. TSLA stock has a Neutral Smart Score of nine. Bottom Line  Valentine’s Day is over, but you can always gift something unique, like a stock, to your loved ones that will add to their financial freedom. AAPL, AMZN, and TSLA are solid long-term picks, making them attractive for gifting. However, due to the short-term headwinds, they carry a Neutral Smart Score on TipRanks.  Meanwhile, investors can leverage  TipRanks’ Experts Center tool to identify top stocks that can outperform the broader market averages. Disclosure

The S&P 500 ended higher on Wednesday after stronger-than-expected retail sales data offered evidence of resilience in the U.S. economy, but gains were capped as investors worried about more interest rate hikes by Federal Reserve in the months ahead.

U.S. House Judiciary Committee Chairman Jim Jordan on Wednesday subpoenaed the chief executives of Alphabet, Amazon, Apple, Facebook and Instagram parent Meta Platforms, and Microsoft for documents and communications relating to free-speech issues.

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U.S. House of Representatives Judiciary Committee Chairman Jim Jordan on Wednesday subpoenaed the chief executives of Alphabet, Amazon, Apple, Facebook and Instagram parent Meta Platforms, and Microsoft for documents and communications relating to free-speech issues.

Technology stocks were lower Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) slipping 0.2% while the Philadelphia Semiconductor index was falling 0.5%.

The S&P 500 and the Dow fell on Wednesday after stronger-than-expected retail sales data offered more evidence of resilience in the U.S. economy, fueling concerns that the Federal Reserve could stick to its rate-hike campaign.

Despite weakness in the recent quarterly result, Apple AAPL shares may regain all their sweetness in the near term as billionaire investor Warren Buffett has bet big on it. Warren Buffett and his Berkshire Hathaway (BRKB) loaded up on Apple stocks in the fourth quarter.

The U.S. Justice Department has in recent months escalated its antitrust probe on Apple Inc, the Wall Street Journal reported on Wednesday citing people familiar with the matter.

In early trading on Wednesday, shares of Apple topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.7%. Year to date, Apple registers a 18.7% gain.

“The Oracle of Omaha”

Video game stocks got a lot of attention during the pandemic on the thesis that players would spend a lot more money gaming. But that didn't really happen, and now companies with little growth are priced like high-growth stocks. In the video below, Travis Hoium highlights why vid