Apple Inc will delay the return of its employees to office by at least a month to October at the earliest, as COVID-19 cases surge back in the United States and abroad, Bloomberg News reported on Tuesday.
Global COVID concerns ran just as hot today as they did 24 hours ago, but investors shrugged them off Tuesday to send the major indexes considerably higher in an across-the-board rebound from yesterday's plunge.
In today's video I look at fundamentals, financial metrics, and recent news for Apple (NASDAQ:AAPL) and Disney (NYSE:DIS). Below I share a few highlights from the video.
Russia's card payment system Mir, which was set up in 2015 after the West imposed sanctions on Moscow, is now connected to Apple Pay, the card issuer said on Tuesday.
The NASDAQ 100 Pre-Market Indicator is up 52.79 to 14,601.88. The total Pre-Market volume is currently 31,691,421 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is -0.11 at $8.99, with 2,229,135 shares trade
Stock Market Futures Inches Higher After Selloff Drags On Wall StreetThe stock market futures rose in Tuesday’s pre-market trading session, indicating Wall Street would open higher this morning. During Monday’s session, major benchmarks suffered their worst declines i
Netflix Inc's plans to revive its slowing subscriber growth will be in focus when it reports second-quarter results on Tuesday, as lockdown binge-watching subsides and competition from Disney+ and HBO Max ramps up.
As the velocity of corporate earnings reports ticks higher this week, investors will continue to mull over rising Delta variant cases and comments surrounding supply chain issues and rising costs as they fine-tune GDP and EPS expectations for the coming quarters.
Taiwan Semiconductor Manufacturing (NYSE: TSM) operates the world's most advanced chip foundries. It manufactures the industry's smallest and most power-efficient chips for chipmakers like Advanced Micro Devices (NASDAQ: AMD), Qualcomm (NASDAQ: QCOM), NVIDIA, and Apple (NASDAQ: A
Even the largest company in the world by market cap is subject to earthly forces. The global semiconductor shortage has reached Apple Inc. (AAPL), and analysts are keeping a sharp eye on the developing story. Beyond this, the company is expected to release earnings results after market close on Tuesday, July 27, and the outlook remains strong. (See Apple stock charts on TipRanks)
After conducting a survey, Sidney Ho of Deutsche Bank reported that the upgrade in iPhone capability to 5G remains a strong buying incentive for many users, and that those who make the purchase often return for more Apple products.
Ho reiterated the stock as a Buy, and provided a price target of $165. This target reflects a possible 12-month upside of 15.83%.
The five-star analyst was optimistic about increases in iPhone production for the upcoming model, possibly up to 90 million units from the normal 75 million. Furthermore, despite the chip shortages and other supply chain issues, Ho expects Apple to begin shipping its new product in September of 2021.
After compelling sales of iPhones, Macs, and accessories, the multinational is anticipated by Ho to beat Wall Street’s earnings estimates of –18% quarter-over-quarter. Moreover, the work-from-home shifts in professional environments has possibly served as a boon for the consumer electronics company.
Ho foresees Apple benefitting from “improving consumer spending” and “strong momentum across all of its businesses,” and as such anticipates long-term gains in share price. These factors come as the U.S. and the world continue to recover from COVID-19 pandemic induced economic slowdowns.
On TipRanks, AAPL has an analyst rating consensus of Moderate Buy, based on 20 Buy, 5 Hold, and 2 Sell ratings. The average Apple price target is $158.62, suggesting a possible 12-month upside of 11.35%. AAPL closed trading Monday at a price of $142.45 per share.
Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Taiwan's export orders grew by more than expected in June and the government said the outlook for the island's tech goods remains strong on demand for high-end chips and ahead of the year-end holiday shopping season.
June was a great month on the podcast. In fact, it will be a hard month to top! But we can top it off, sure enough, with your top-notch questions, comments, and stories. From market caps to optionality, tune in to this episode of Rule Breaker Investing and pay attention to the sc
The NASDAQ 100 After Hours Indicator is up 25.44 to 14,574.53. The total After hours volume is currently 80,404,557 shares traded.The following are the most active stocks for the after hours session: Invesco KBW Bank ETF (KBWB) is -0.1719 at $59.94, with 8,500,439 shares traded.
What happened
Apple (NASDAQ: AAPL) is joining in Monday's stock market sell-off. As investors respond to broader pessimism about the global rebound in new coronavirus cases, the tech giant's share price fell by a little more than 3% in early trading -- and that slide largely pers
4 Trending Autonomous Vehicle Stocks To Watch TodayCould autonomous vehicle (AV) stocks be the next groundbreaking industry in the stock market? Well, there are reasons to believe so when you have some of the biggest tech companies in the world trying to get into the scene. We ha
The WisdomTree U.S. Quality Dividend Growth Fund ETF is seeing unusually high volume in afternoon trading Monday, with over 2.4 million shares traded versus three month average volume of about 267,000. Shares of DGRW were off about 1.5% on the day.
The NASDAQ 100 Pre-Market Indicator is down -148.61 to 14,532.77. The total Pre-Market volume is currently 33,412,510 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is +0.27 at $9.15, with 5,611,233 shares t
Sales of personal computers remained rather brisk in the recently ended second quarter, up 4.6% compared to the second quarter of last year when demand was surging due to the advent of the pandemic. But not every computer manufacturer saw strength last quarter. Sales of PCs made
Futures tracking the blue-chip Dow fell 1% on Monday, with economy-linked value and travel stocks taking a hit after a spike in global COVID-19 cases raised fresh concerns about slowing economic growth.
"Ted Lasso," a heartwarming TV series about an American football coach trying to rally a struggling British soccer team, returns Friday with players and staff searching for a winning formula on the field and navigating personal challenges off of it.