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Nasdaq AAPL Apple

Monday's ETF with Unusual Volume: DJD

5 years 4 months ago
The Invesco Dow Jones Industrial Average Dividend ETF is seeing unusually high volume in afternoon trading Monday, with over 261,000 shares traded versus three month average volume of about 51,000. Shares of DJD were down about 0.7% on the day.
BNK Invest

Here's Why Digital Turbine Stock Dropped 12% in May

5 years 4 months ago
What happened Shares of mobile-advertising technology company Digital Turbine (NASDAQ: APPS) were down 12.3% in May, according to data provided by S&P Global Market Intelligence. Early in the month, the stock was actually down closer to 25% without any company-specific news.
The Motley Fool

Answering Your Money Questions

5 years 4 months ago
We just can't get enough of Motley Fool contributor Dan Caplinger. In this episode of Motley Fool Answers, he helps us answer your questions about SPACs, variable universal life insurance, maximizing accounts, hopes for Gen X, and more.
The Motley Fool

Dow Movers: DOW, V

5 years 4 months ago
In early trading on Monday, shares of Visa topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.3%. Year to date, Visa registers a 6.6% gain.
BNK Invest

Wall Street flat; tech shares shrug off G7 tax deal

5 years 4 months ago
U.S. stocks were little changed on Monday as investors remained on the fence ahead of key inflation data later this week, while heavyweight technology shares largely shrugged off a deal by the world's richest nations on a global minimum corporate tax.
Reuters

What now for the G7 tax deal on multinationals?

5 years 4 months ago
The G7's weekend agreement on a global minimum corporate tax rate and arrangements for taxing multinationals paves the way for a broader deal in the coming weeks that could reshape cross-border taxation for years to come. [nL2N2NN05A]
Reuters

This 5G Stock Is a Terrific Bargain Right Now

5 years 4 months ago
The recent sell-off in tech stocks is a blessing for investors looking to add fast-growing companies to their portfolios at attractive valuations. Several high-growth tech companies are big bargains right now, including one that could help you take advantage of the hot 5G trend.
The Motley Fool

Wedbush: What’s on the Menu for Apple’s Worldwide Developers Conference

5 years 4 months ago

The new week kicks into action with Apple’s (AAPL) annual WWDC (worldwide developers conference). For anyone fascinated by feuds amongst the mega-caps, there could plenty to savoir at this year's virtual event. As par for the course, Apple is expected to announce iOS upgrades and software improvements for the coming year, but Wedbush’s Daniel Ives also believes the introduction of iOS 15 could create some additional friction in an escalating dispute with a rival tech giant.

“We expect data privacy and security to be a main focus and theme of Cook's keynote as Apple solidifies its privacy policy with the iOS 15 unveil,” the 5-star analyst said. “This follows the iOS 14.5 release which has doubled down on privacy features for the consumer at a time which Apple has directly put itself on a collision course with Facebook around the ability for users to block data tracking.”

That possible conflict aside, various notifications/lock screen changes are also anticipated as part of the update which could also include a “revamped iMessage feature set.”

Ives also expects non-software related announcements. Namely, the analyst thinks a surprise is in store on the hardware front; Ives anticipates an announcement of a new MacBook Pro release, with a 14-inch and 16-inch display “driven by the M1 chip.”

The analyst also thinks there will be “hints around upcoming initiatives with some breadcrumbs dropped as developers crave bigger AR functionality in the works for the coming years.”

Looking ahead, Ives projects that by next summer (2022), the “long-awaited” Apple Glasses will be unveiled. And as if ratcheting up the volume in the Facebook squabble is not enough, Tesla is in Apple’s sights too. By 2024, Ives believes the Apple Car will could see the light of day and assumes “more news/partnerships this summer on this front.”

So, down to business, what does this all mean for AAPL investors? Ives reiterated an Outperform (i.e., Buy) rating on the shares backed by a $185 price target. Investors could be sitting on gains of 47%, should the forecast play out as expected. (To watch Ives’ track record, click here)

Not all on the Street are convinced it is time to load up on Apple stock although the majority remains in the Cupertino giant’s corner. Based on 19 Buys vs. 5 Holds and 2 Sells, the stock has a Moderate Buy consensus rating. The average price target currently stands at $157.58, suggesting the upcoming year will yield returns of 25%. (See Apple stock analysis on TipRanks)

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. 

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

Why You Should Ignore Retail's Blowout Earnings Numbers

5 years 4 months ago
The retail industry is looking good as many companies hope the pandemic is making its way into the rearview mirror. Store visits are up, comparable sales are soaring, and many companies are reporting record earnings. Data from Refinitiv indicates that 87% of companies in the S&a
The Motley Fool
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