Nasdaq AAPL Apple

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $244.3 million dollar inflow -- that's a 0.1% increase week over we

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $244.3 million dollar inflow -- that's a 0.1% increase week over we

The tech-heavy Nasdaq surged 5% on Thursday as data showed U.S. consumer prices increased less than expected in October, spurring hopes that the Federal Reserve might scale down the size of its future interest rate hikes.

With rising demand for advanced computing hardware and renewable energy solutions, many investors have hope for the rare-earth elements (REEs) niche of the mining industry. These materials are prized for their high electric conductivity and magnetic properties, but they can be qu

Wall Street's main indexes were set to open sharply higher on Thursday as data showed consumer prices increased less than expected in October, spurring hopes that the Federal Reserve might scale down the size of its future interest rate hikes.

The COVID-19 pandemic has brought about a major social change and made life dependent on the digital world. The pandemic taught people to work, learn and shop remotely, order food and other necessities online, go for contactless payments and restrict themselves to indoor

China's new top leadership body reaffirmed Beijing's "dynamic-zero" COVID-19 policy on Thursday, as case numbers rose and authorities in the city of Guangzhou urged residents to work from home but stopped short of a city-wide lockdown.

Sometimes, general market sentiment is enough to steer stocks downward, even though the business's trajectory is clearly pointing in the right direction. This situation is precisely where Airbnb (NASDAQ: ABNB) finds itself.Even though the company reported tremendous third-quarter

Shares dipped slightly and the dollar firmed on Thursday, ahead of U.S. inflation data that will influence the Federal Reserve's rate plans, while the likely collapse of a major digital asset exchange rattled crypto investors.

You shouldn't expect most investments to make you lots of money right away. Most of the time, investing boils down to finding companies and stocks that can deliver wealth-building results in the long run.

Launched on 12/11/2009, the Schwab U.S. LargeCap Growth ETF (SCHG) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.

Looking for broad exposure to the Technology - Broad segment of the equity market? You should consider the iShares U.S. Technology ETF (IYW), a passively managed exchange traded fund launched on 05/15/2000.

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Growth stocks were battered badly on the market this year due to multiple headwinds, including rising interest rates, surging inflation, and macroeconomic headwinds. That resulted in a steep sell-off in major indexes such as the S&P 500 and the Nasdaq Composite which slipped

Growth stocks were battered badly on the market this year due to multiple headwinds, including rising interest rates, surging inflation, and macroeconomic headwinds. That resulted in a steep sell-off in major indexes such as the S&P 500 and the Nasdaq Composite which slipped

Share markets edged down on Thursday and the dollar held onto overnight gains before U.S. inflation data that will influence the Federal Reserve's rate plans, while the likely collapse of a major crypto exchange rattled investors.

MercadoLibre (NASDAQ: MELI) has been one of the few e-commerce companies that have held up relatively well during this stock market downturn. While e-commerce stocks around the world have fallen by 40%, 50%, or even 80% year to date, MercadoLibre is down a little more than 30% ov

Apple Inc supplier and iPhone assembler Foxconn said on Thursday it expected flattish revenue in the fourth quarter, as the company grapples with COVID-19 curbs at a major factory in China's Zhengzhou industrial hub.

Tech titan Apple (NASDAQ:AAPL) is not protected from a potential recession. Recently, the company warned of lower-than-expected shipments of the iPhone 14 this year due to COVID-related lockdowns in China. There are growing concerns on the Street that Apple’s revenue growth in its fiscal year 2023 might take a hit. Nonetheless, JPMorgan analyst Samik Chatterjee remains steadfast with his Buy rating and $200 price target on AAPL stock.

Notwithstanding his long-term bullish view, the analyst acknowledged the inescapable near-term concerns that are staring at Apple in the forthcoming months. So this piece is going to be an unusual one based on a bullish analyst’s report that focuses on the headwinds.

Near-Term Risks Are Rife, but the Long-Term Outlook Is Unchanged

Lockdowns in Zhengzhou are adversely impacting operations at Hon Hai/ Foxconn’s assembly facility for the iPhone 14 Pro and iPhone 14 Pro Max. This facility assembles 60% of the iPhones produced, and an impact on its production capacity is evidently a major concern for Apple.

Being the most sought-after models of the iPhone 14 series, lower production of the iPhone Pro and iPhone Pro Max is likely to hurt revenues. Besides that, the absence of a second manufacturing and assembly source for these models makes the situation more problematic.

The affected supply due to the China lockdowns and other headwinds has also extended the lead times for customer deliveries of the iPhone 14 Pro and iPhone 14 Pro Max by a week. Chatterjee expects delayed shipments to push out into the March-end quarter or later. The analyst also does not anticipate Apple being able to achieve the “supply-demand balance that it usually does every year with lead times dropping to a matter of days by the end of C4Q/F1Q.”

Nevertheless, Chatterjee thinks that rather than canceling their purchases or purchasing an alternative phone, customers will probably decide to wait longer for their iPhones to come.

“We see upside in several aspects of the business as well as financials that remain underappreciated by investors, namely the transformation of the company to Services, growth in the installed base, technology leadership, and optionality around capital deployment—all of which together lead us to expect double-digit earnings growth and a modest re-rating for the shares,” said Chatterjee.

Is Apple a Buy, Sell, or Hold?

Bulls are running for Apple stock on Wall Street, with a Strong Buy consensus based on 21 Buys and four Holds. Analysts also expect the price to reach $179.13 over the next year, growing 31% from the current level.

Apple Might Be Too Expensive Now but Worthy for the Long Run

At a price-to-earnings (P/E) multiple of more than 20 times the forward 12-month earnings estimates, Apple is trading higher than the Nasdaq 100’s P/E multiple of around 19.7. This makes the stock look expensive. However, this should not divert investors from the company’s long-term prospects.

Chatterjee thinks that the company has “sustainable secular drivers in iPhone and Services with a larger installed base, higher share in 5G smartphones, and better Services monetization—all together turning out to be a strategic advantage for the company.”

Disclosure

Apple Inc supplier Foxconn reported on Thursday a rise of 5% in third-quarter net profit, Reuters calculations showed, missing market estimates.