Nasdaq AAPL Apple

SoftBank Group's Arm is aiming to raise up to $4.87 billion in the chip designer's U.S. initial public offering, a regulatory filing showed on Tuesday.

Launched on 08/08/2017, the First Trust Dow 30 Equal Weight ETF (EDOW) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.

U.S. stock index futures fell on Tuesday as higher Treasury yields weighed on growth stocks, while a slow pace of expansion in services activity in China stoked worries over demand in the world's second largest economy.

Taiwan's Foxconn, the world's largest contract electronics maker and a major supplier for Apple, said on Tuesday revenue in August fell 8% year-on-year but forecast a better business outlook ahead of new product releases by major customer Apple.

Company Overview

On September 12, the world’s attention will again focus on consumer technology stalwart Apple ( NASDAQ:AAPL ) as it unveils its newest products. Typically, such events offer a showcase to demonstrate Apple’s supremacy in the smart products realm. However, this time around, the occasion may represent a broader economic litmus test. I am neutral on AAPL stock. AAPL Stock Needs a Big Win Rumored to be on tap for the upcoming showcase is the latest iteration of Apple’s flagship product iPhone. As TipRanks reporter Marty Shtrubel noted, observers expect the iPhone 15 to be unveiled during the annual event. While analysts usually put Apple under pressure to deliver, the stakes are much higher this time. With the global consumer economy struggling, the tech giant really needs to fire on all cylinders. To be sure, it’s risky to doubt Apple. As Evercore analyst Amit Daryanani stated, “The durability of iPhone growth in recent years has surprised investors as the consensus view a few years ago was that the iPhone had peaked.” While the smartphone industry appears to have peaked, the iPhone continues to show “an impressive ability to gain share both domestically and abroad,” added Daryanani. Unfortunately, Apple may become a victim of its own success, thus hurting AAPL stock. With the company attaining about 75% of China’s smartphone market share, for example, growth in that nation will be difficult to achieve. Therefore, the iPhone 15 must be exceptionally compelling to move the needle. That’s especially the case in the U.S. Following the COVID-19 crisis, the economy rebounded rather impressively. However, with headwinds like stubbornly elevated inflation taking their toll, consumers may decide to skip out on nice-to-have, unnecessary tech upgrades. Of course, AAPL stock could blossom if the response to the iPhone 15 is robust. However, with consumer debt skyrocketing, households may, as a matter of prudence, elect to abstain from excessive purchases. The Smart Money Points to Risk Mitigation Again, history has shown that betting against AAPL stock tends to be a fool’s errand. However, the smart money genuinely appears to be concerned about Apple stumbling over the next several months. With options transactions implying risk mitigation, retail investors would do well to approach AAPL cautiously. First, TipRanks’ options chain for contracts expiring on June 21, 2024, provides a big warning to market participants. Specifically, the open interest for out-of-money (OTM) call options comes out to 62,435 contracts. On the other side of the equation, open interest for OTM puts stands at 92,151 contracts. Cumulatively, more traders are actively betting that AAPL stock will slip rather than rise. Second, the “volatility smile” of AAPL stock indicates that traders see greater risk to the downside than they do the probability of movements to the upside. A volatility smile is a graph that plots the strike price and implied volatility (IV) of a particular asset’s options contracts. Further, this indicator takes into account expiration dates. Conspicuously, the IV of AAPL options with a strike price of $265 sits at 0.38. However, the IV of AAPL options with a strike price of $120 stands at 0.61. In other words, traders expect Apple to hit $120 more than they expect it to reach $265. Considering that AAPL stock presently carries a price of $189.46, the smart money is baking in the possibility of disappointment. Apple Continues to Fight Hard In fairness, investors shouldn’t walk away from this discussion believing that AAPL stock is doomed. On the contrary, Apple recently delivered solid results for its third quarter of Fiscal 2023. While sales of $81.8 billion were in line with analysts' expectations, earnings per share clocked in at $1.26, beating the consensus EPS target of $1.20. As well, Apple CEO Tim Cook stated that the company achieved a milestone by ending Q3 with over a billion subscriptions. Further, the Wearable, Home, and Accessories unit posted revenue of $8.28 billion, a slight but important increase from $8.08 billion in the year-ago quarter. Is AAPL Stock a Buy, According to Analysts? Turning to Wall Street, AAPL stock has a Moderate Buy consensus rating based on 22 Buys, eight Holds, and no Sell ratings. The average AAPL stock price target is $208.13, implying 9.85% upside potential. The Takeaway: AAPL Stock Faces a Massive Challenge While Apple’s product launches always generate buzz, this year’s edition comes with great consequences. Against a rough backdrop for the consumer economy, the company must prove sustained relevance with a compelling showpiece. Otherwise, it’s possible that AAPL stock may suffer the consequences. Disclosure

Apple Inc and Microsoft have argued that some of their services were not popular enough to be designated as "gatekeepers" under the EU's new Digital Markets Act, designed to curb the powers of Big Tech, the Financial Times reported on Monday.

Financial services is an ancient industry, and in recent decades, it's often lagged behind others when it comes to improving the user experience. But this has been changing. One of the most notable trends this century has been the growing popularity of fintech, or financial tech

Designed to provide broad exposure to the World ETFs category of the market, the Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (GLOV) is a smart beta exchange traded fund launched on 03/15/2022.

Warren Buffett likes playing bridge -- and the ukelele. His favorite drink? Cherry Coke. Some might argue that the famous investor isn't the most exciting guy around.The ho-hum drum could be beaten even louder when it comes to many of Buffett's Berkshire Hathaway (NYSE: BRK.A) (N

Mobile app stores in China run by Tencent Holdings, Xiaomi and others have started to bar app publishers from launching new apps if they do not make all the disclosures required by authorities, documents seen by Reuters showed.

Tech stocks faltered in August after a searing rally to start 2023. Here are three mega-cap tech stocks that are trading at attractive levels for investors looking to buy the dip.

Behnam Tabrizi is a transformation expert and a faculty member in Stanford University's executive program. His book is Going on Offense: A Leader's Playbook for Perpetual Innovation.

Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp, is planning to ask investors to pay $47 to $51 for each of its shares when it begins marketing its initial public offering (IPO) next week, people familiar with the matter said on Saturday.

Berkshire Hathaway CEO Warren Buffett turned 93 on Aug. 30, and it would be an understatement to say that he's lived an incredible life. The famous moneyman stands as one of the most successful investors in history, and he's delivered incredible returns for his company's sharehol

Taking market share is crucial for companies and their stocks as a large market cap has numerous advantages.

Customers of Arm Holdings Ltd including Apple Inc, Nvidia Corp, Alphabet Inc and Advanced Micro Devices Inc have agreed to invest in the chip designer's initial public offering, according to people familiar with the matter.

Customers of Arm Holdings Ltd including Apple Inc, Nvidia Corp, Alphabet Inc and Advanced Micro Devices Inc are set to invest in the chip designer's initial public offering, according to people familiar with the matter.

Apple (AAPL) closed the most recent trading day at $189.46, moving +0.85% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.18%. At the same time, the Dow added 0.33%, and the tech-heavy Nasda

The NASDAQ 100 After Hours Indicator is down -12.47 to 15,478.39. The total After hours volume is currently 54,400,950 shares traded.The following are the most active stocks for the after hours session: Black Knight, Inc. (BKI) is -0.02 at $75.74, with 3,400,776 shares traded. B