Nasdaq AAPL Apple

The "Magnificent Seven" typically refers to the 1960 Western film, but today’s stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, Nvidia N

There have been reports that iPhone 15 sales are not quite as strong as Apple ( NASDAQ:AAPL ) would have liked, particularly in key markets such as China. However, according to Evercore analyst Amit Daryanani, the picture is not conclusively negative. Although in some region, lead times have been falling, Evercore's iPhone tracking endeavors show the data points to “stable demand for the iPhone 15 Pro and Pro Max models vs. a year ago across most geographies.” That said, the past week has seen lower-end models’ lead times display “big contractions.” Overall, according to Daryanani, USA lead times are “tracking in-line vs. a year ago while China is slightly weaker.” Specifically, in the US, deliveries for the iPhone 15 Pro Max and Pro are expected between November 13th – 28th and November 6th – Nov 13th, respectively. This represents time to first delivery of 28 days for the Pro Max and 21 days for the Pro. The estimated delivery window for the iPhone 15 Plus and 15 is from October 23rd to November 6th and from October 23rd to November 1st, respectively, with both models having a time to first delivery of just 3 days. As for China, the iPhone 15 Pro Max and Pro are expected to be delivered in 3-5 and 2-3 weeks, respectively, which translates to a time to first delivery of 21 days for the Pro Max and 18 days for the Pro. On the other hand, the iPhone 15 and 15 Plus have delivery estimates for October 22nd, with a time to first delivery of just 2 days. Daryanani also notes that, on average, over the past week, the Pro Max model’s lead times in the UK and Germany have been lower. However, summing up, Daryanani’s last thoughts on the data are reassuring. “Finally, we would also caveat that delivery times could be a reflection of strong demand or weak supply – though we suspect given the variation in wait times that this data set more likely suggests higher demand,” he opined. All told, Daryanani reiterated an Outperform (i.e., Buy) rating on AAPL, backed by a $210 price target, suggesting shares will climb 21% higher in the year ahead. (To watch Daryanani’s track record, click here) Elsewhere on the Street, with an additional 19 Buys and 9 Holds, the stock claims a Moderate Buy consensus rating. The average target is only slightly lower than Daryanani’s objective, and at $207.51, represents 12-month upside of 20%. (See Apple stock forecast ) 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 analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares UltraPro QQQ, which added 7,800,000 units, or a 1.7% increase week over week. Among the largest underlying components of TQQQ, in morni

The following are the top rated Information Technology stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance

Garmin GRMN added an ECG App to its AMOLED edition smartwatch offerings, namely the epix Pro series, fenix 7 Pro series, Venu 3 series and tactix 7 smartwatches.Notably, the FDA-cleared ECG app enables users to record heart rhythm

Managing your own stock portfolio has never been easier. Thanks to the advent of low-cost and tax-efficient exchange-traded funds (ETFs), investors can instantly gain exposure to a basket of companies operating in cutting-edge areas like artificial intelligence (AI), self-driving

Shares of American Express Company AXP lost 5.4% after the company reported third-quarter 2023 revenues of $15.38 billion, missing the Zacks Consensus Estimate of $15.41 billion.Shares of Apple Inc. AAPL slid 1.5% on the continued

The "Magnificent Seven" typically refers to the 1960 Western film, but today’s stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, Nvidia N

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.29% at a 4-3/4 month low, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.30% at 4-1/2 month low. Stock index futures this morning are following other global equity markets lower after the 10-year T-note yield...

Social media giant Meta Platforms ( NASDAQ:META ) is scheduled to announce its third-quarter results after the stock market closes on Wednesday, October 25. META stock has rallied over 156% year-to-date, as the company impressed investors with an impressive rebound in its performance in the first half of 2023. Several analysts expect a solid growth in Meta’s earnings, backed by recovery in digital ad spending and the company’s cost control measures. Q3 Expectations for Meta Indicate Strong Growth After suffering from weak digital ad spending due to macro pressures and the adverse impact of Apple’s ( NASDAQ:AAPL ) iOS privacy policy changes, Meta’s top-line rebounded well in the first half of 2023. In particular, Q2 2023 revenue grew 11% to about $32 billion. Further, the company’s focus on cost-cutting and streamlining drove a 21% rise in earnings per share (EPS) to $2.98. Back in July, Meta guided for third-quarter revenue in the range of $32 billion to $34.5 billion, which reflects year-over-year growth of at least 15%.  Analysts expect the company’s revenue to increase by over 21% to nearly $33.6 billion. Additionally, they project a massive jump in Q3 EPS to $3.64 from $1.64 in the prior-year quarter, fueled by strong revenue growth and margin expansion. Analysts’ Comments Ahead of Meta’s Q3 Earnings On October 20, Bank of America analyst Justin Post reiterated a Buy rating on META stock with a price target of $375. Commenting on the upcoming results, the analyst said that he expects the company to continue to benefit from solid revenue trends, with checks by his firm indicating recovery in the digital ad market, increasing Reels monetization, and favorable AI-driven ad growth. In particular, Post expects Q3 revenue of $33.5 billion and EPS of $3.79. He also expects the company to deliver a slight beat for the Daily Active Users (DAUs) metric.      The analyst expects a higher-than-anticipated Q4 2023 revenue growth outlook to be a key driver for Meta shares. He projects robust Q4 guidance compared to the sector, driven by favorable revenue trends, including AI-driven benefits for engagement.   Like Post, Citigroup analyst Ronald Josey also reaffirmed a Buy rating on Meta Platforms last week, with a price target of $385, saying that the stock continues to be his Top Pick. The analyst expects better-than-consensus results, supported by the company’s revitalized product roadmap and a strengthening digital ad market heading into the holiday season. Josey also highlighted greater visibility into next year’s ad budgets based on his firm’s checks. He believes that Instagram engagement growth is accelerating due to Reels usage and investments in its AI content discovery engine. On Sunday, Evercore analyst Mark Mahaney said that he sees the possibility of a modest upside to Q3 revenue estimates. His channel checks on the overall ad backdrop indicated stable to slightly accelerating spending trends, with advertisers having a consistently bullish sentiment on Meta’s momentum. Is Meta a Buy, Sell, or Hold? With 41 Buys and two Holds, Meta stock scores a Strong Buy consensus rating. Despite a stellar year-to-date rally, Wall Street expects Meta stock to rise further. The average price target of $376.42 implies about 22% upside potential.   Insights from Options Trading Activity TipRanks now presents options activity to help investors plan their trades ahead of earnings releases. Options traders are  pricing in a +/- 9.20% move on Meta’s earnings. META shares have averaged a negligible (0.11)% move in the last eight quarters. The stock rose 4.4% in reaction to Q2 2023 results. The anticipated move is determined by computing the at-the-money straddle of the options closest to the expiration after the earnings announcement. Learn more about TipRanks’ Options tool here. Conclusion Analysts are optimistic about Meta’s upcoming Q3 2023 results due to improving digital ad trends, growth in Reels, and the company’s cost-cutting efforts. Wall Street expects an upbeat outlook to drive further upside in META stock. Disclosure

For Immediate ReleaseChicago, IL – October 23, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the fi

Futures tracking Wall Street's main stock indexes slumped on Monday as yields on the benchmark U.S. 10-year Treasury note hit a crucially watched 5% mark, sparking a selloff in megacap stocks.

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Chinese e-commerce platforms including JD.com, PDD Holdings' Pinduoduo and Alibaba's Taobao are offering big discounts on Apple's latest iPhone 15, with some going for up to 1,501 yuan ($205.14) below the retail price.

U.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, but investors looking for signs of a boost from artificial intelligence (AI) may be disappointed.

For more than a half century, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has put on an investing clinic for Wall Street. Even though the Oracle of Omaha, as he's affably known, is just as fallible as any other investor, he's overseen a greater than 4,250,000

China's blue-chip share index closed at its lowest level in four-and-a-half years on Monday, with investors dumping tech sector stocks and others as global market jitters compounded lingering worries over domestic economic health.

Chinese e-commerce platforms including PDD Holdings' Pinduoduo and Alibaba's Taobao are offering deep discounts on Apple's latest iPhone 15 series, with some selling models up to 900 yuan ($123) below the retail price.