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Nasdaq AAPL Apple

Stock Market News For Today July 20, 2021

5 years 3 months ago
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
StockMarket.com

Where Will TSMC Be in 5 Years?

5 years 3 months ago
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
The Motley Fool

Apple Staying Strong Amid Chip Shortage

5 years 3 months ago

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. 

TipRanks

"Rule Breaker Investing" Digs Into Its Mailbag

5 years 3 months ago
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 Motley Fool

Why Apple Stock Was Falling Monday

5 years 3 months ago
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
The Motley Fool

Top Stocks To Buy This Week? 4 AV Stocks To Know

5 years 3 months ago
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
StockMarket.com

Monday's ETF with Unusual Volume: DGRW

5 years 3 months ago
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.
BNK Invest

Why Did HP's Second-Quarter PC Sales Lag the Competition?

5 years 3 months ago
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
The Motley Fool
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