Nasdaq AAPL Apple

Global firms from consumer goods giant Unilever to automaker Nissan and machinery maker Caterpillar have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce.

Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said.

Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas. The world's two biggest rare earths companies outside of China are facing challenges turning rock from their mines into the building blocks for magnets used across the global economy, from Apple's iPhone to Tesla's Model 3 to Lockheed Martin's F-35 fighter jet.

The tech market has been in recovery mode this year after an economic downturn caused a sell-off in 2022. Easing inflation and advances in technology, such as artificial intelligence (AI), have Wall Street particularly bullish. As a result, now is an excellent time to consider ex

From consumer goods giant Unilever to automaker Nissan and machinery maker Caterpillar, global firms have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce.

Fintel reports that on August 1, 2023, Baird maintained coverage of Apple (NASDAQ:AAPL) with a Outperform recommendation. Analyst Price Forecast Suggests 2.14% Downside

Fintel reports that on August 1, 2023, TD Cowen maintained coverage of Apple (NASDAQ:AAPL) with a Outperform recommendation. Analyst Price Forecast Suggests 2.14% Downside

Consumer spending may be in a bit of a funk, but the tides could turn higher as expectations and estimates become easier to beat. Even in the face of macro uncertainty, the following at-home entertainment stocks boast Strong Buys for the analyst community right now. As broader markets flirt with all-time highs again, it may be worth entertaining your portfolio with the following names while they're still relatively out of favor among investors. Undoubtedly, the lockdown tailwind is long over for the broader basket of at-home entertainment plays. Still, analysts are bullish on the following names while they look to break out of their post-lockdown hangovers. Therefore, let’s check in with the incredibly useful TipRanks Comparison Tool to get a better grasp of the following Strong-Buy-rated stocks in the at-home entertainment space. Spotify Technology ( NASDAQ:SPOT) Up first, we have Sweden-based streaming music company Spotify, which has seen its shares more than double from the depths of late last year. The company has faced stiff competition from the likes of Apple ( NASDAQ:AAPL ) Music and other rivals in big tech. Moving ahead, the music streaming market is about to become much more crowded, with social media sensation TikTok looking to get in on the music streaming action. Undoubtedly, TikTok has gobbled up the lunch of many firms in the social media space. As the video-based social media platform gets into music streaming, I fear Spotify may lose some of its competitive edge. As a result, I'm staying neutral on SPOT stock for now in light of industry uncertainties. Like video streaming, music streaming is quickly becoming commoditized, with many firms looking to get a slice of the market. Apple is just one big-tech company that can include music streaming as part of an entertainment services bundle. Spotify may have Joe Rogan, but it doesn't have a diversified basket of entertainment services that can enable it to create a bundle that's competitive against a company like Apple. Now, Spotify has a pretty loyal fanbase, but their loyalty will be tested following Spotify Premium subscription price hikes while TikTok enters the market. My guess is that it'll be an uphill battle for the firm as it also grapples with looming macro headwinds. What is the Price Target for SPOT Stock? Spotify's a Strong Buy on Wall Street, with 20 Buys and five Holds assigned in the past three months. The average SPOT stock price target of $178.48 implies 18.3% upside potential from here. Take-Two Interactive Software ( NASDAQ:TTWO) Take-Two is a video game stock that really looks like a compelling takeover target amid ongoing industry consolidation. Still, investors shouldn't buy any stock just because they expect it'll eventually be acquired. Fortunately, Take-Two has catalysts that could extend its rally going into the second half. Its much-awaited Grand Theft Auto VI (GTA VI) title could be released at some point in 2024. If the latest iteration in the series can match its predecessors, the stock could be in for a potential breakout in two years. At writing, TTWO stock is up more than 60% from its August 2022 low but off around 29% from its 2021 all-time high of nearly $215 per share. Despite the hot run, I'm staying bullish on TTWO stock, as I view it as having one of the widest moats in the entertainment space today. GTA VI is a big deal, and anticipation for the title may have already helped the stock ricochet off multi-year lows. The stock trades at 48.1 times forward price-to-earnings, which may seem elevated. However, factor in the earnings jolt that a blockbuster like GTA VI can provide, and the multiple becomes more than palatable. In the meantime, I expect takeover rumors and GTA excitement to keep the good times going. What is the Price Target for TTWO Stock? Take-Two's a Strong Buy, with 14 Buys and three Holds assigned by analysts in the past three months. Nonetheless, the average TTWO stock price target of $155.53 entails a modest 2.5% gain from here. Turtle Beach ( NASDAQ:HEAR) If you're looking for a high-risk/high-reward way to play both gaming and audio, Turtle Beach may be an intriguing option as it looks to recover from its 84% plunge off its 2021 high. Turtle Beach is a gaming tech company that makes high-quality peripherals, most notably headsets. Demand really boomed during the lockdown days, only to go bust in the years that followed. With a new line in the sand drawn at below $12 per share, I do view HEAR stock as an intriguing small-cap ($190 million market cap) stock that could experience sizeable upside once consumer trends gradually shift. Indeed, Turtle Beach is more of a discretionary play than the likes of other entertainment tech companies like Spotify. That may be a good thing, given where we stand in the current business cycle. A recession hasn't begun yet (if it even ends up happening), but Turtle Beach stock has already gone bust in a big way. However, with Cris Keirn stepping in as interim CEO just weeks ago, I do think Turtle Beach has the tools to break out of its shell. At 0.8 times price-to-sales and 2.1 times price-to-book, HEAR stock trades at a significant discount to the computer hardware industry averages of 1.6 and 5.8, respectively. It's a deep-value play that's almost guaranteed to be a choppy ride. If you're young and brave, though, I think the stock's intriguing. What is the Price Target for HEAR Stock? Turtle Beach is a Strong Buy, with four unanimous Buy ratings. The average HEAR stock price target of $14.00 implies 30.9% upside. Conclusion Entertainment tech plays look intriguing, according to Wall Street analysts. Of the three names mentioned, though, the analyst community expects the most upside from Turtle Beach. Disclosure

The NASDAQ 100 After Hours Indicator is up 14.38 to 15,732.39. The total After hours volume is currently 73,355,778 shares traded.The following are the most active stocks for the after hours session: Advanced Micro Devices, Inc. (AMD) is +6.41 at $124.01, with 8,233,476 shares t

Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said.

Amazon is set to report its second-quarter earnings this Thursday. Here's what investors need to know about the numbers that could move Amazon stock, and why.

Earnings season continues to chug along, with the period kicking into a much higher gear this week. So far, the Q2 cycle has been positive, helping reassure investors and boosting overall sentiment within the market.

Tech behemoth Apple ( NASDAQ:AAPL ) is scheduled to announce its fiscal third-quarter results after the market close on Thursday, August 3. The iPhone maker is facing a slowdown in the smartphone market and any unfavorable commentary about the outlook for the fiscal fourth quarter could weigh on the stock. Fiscal Q3 Expectations from Apple Apple delivered better-than-anticipated fiscal second-quarter (March quarter) results, even as overall revenue declined 2.5% year-over-year to $94.8 billion. The company’s earnings per share (EPS) remained flat at $1.52. It’s worth noting that iPhone revenue increased 1.5% in Q2 FY23, despite a decline in sales of the broader smartphone industry.        However, the company witnessed weaker Mac and iPad revenues in the fiscal second quarter, partially due to parts shortage. These two product categories faced difficult comparisons, as the year-ago period was still gaining from a pandemic-induced spike in demand. Coming to Q3 FY23, analysts estimate revenue to decline about 1.5% year-over-year to $81.73 billion, while EPS is projected to fall 0.8% to $1.19. Analysts expect iPhone sales to fall in the June quarter. On Tuesday, Baird analyst William Power increased the price target for Apple to $204 from $180 and reiterated a Buy rating on the stock. Power anticipates “solid” Q3 FY23 results, though he pointed out that valuation is at nearly all-time highs. The analyst believes that the focus will be on the next iPhone cycle, noting that historically Apple “outperforms mildly” from August to mid-September. Heading into Q3 FY23 results, TD Cowen analyst Krish Sankar raised the price target for Apple to $220 from $195 on Tuesday, while reiterating a Hold rating. Sankar projects June quarter revenue to decline 2% year-over-year and the company to issue a 1% revenue growth outlook for the September quarter. The analyst highlighted that the fieldwork by his firm indicates that near-term iPhone builds remain stable, with next-gen iPhone units to be nearly flat in the second half of the calendar year 2023. He expects China and India market share gains to be favorable, while Mac and Wearables segments to experience “muted seasonality.” Meanwhile, TipRanks’ Website Traffic Tool indicates a downward trend, with visits to apple.com and other company websites plunging 76.42% year-over-year in Q3 FY23. Website visits were down 1.73% sequentially in the fiscal third quarter.   Technical Analysis Ahead of AAPL’s Q3 Earnings Heading into Fiscal Q3 results, technical indicators reveal that AAPL is a Buy. According to TipRanks’s easy-to-understand technical tool, AAPL’s 50-Day EMA (exponential moving average) is 185.43, while its stock price is $196.45, making it a Buy. Also, AAPL’s shorter duration EMA (20-day) signals that it is a Buy. Is Apple a Good Stock to Buy Right Now? Wall Street has a Strong Buy consensus rating on Apple based on 24 Buys and seven Holds. The average price target of $200.61 implies 2.1% upside potential. Shares have risen 51% so far in 2023. 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 3.44% move on Apple earnings. AAPL shares have averaged a 2.3% move in the last eight quarters. In particular, the stock rose about 5% following the Q2 FY23 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. Disclosure

Apple AAPL is set to report its third-quarter fiscal 2023 results on Aug 3.The company expects the to-be-reported quarter’s year-over-year revenue growth to be similar to that of the March quarter due to unfavorable forex.The Zack

Scheduled to report fiscal third-quarter results on Thursday, investors will be watching to see if Apple (NASDAQ: AAPL) inches closer to a return to revenue growth. The tech company's top line declined in both of its two most recent reported quarters. But analysts, on average, ar

Apple (NASDAQ: AAPL) is the most valuable company in the world with a market capitalization of just over $3 trillion. It reached this position thanks to the terrific demand for its iPhones, iPads, and MacBooks over the years. But the company now needs something new to power its n

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Core S&P 500 ETF, which added 9,600,000 units, or a 1.3% increase week over week. Among the largest underlying components of IVV, in m

Honeywell International (NASDAQ: HON) stock sold off after reporting earnings last week. But despite being down on the year, the stock is still within striking distance of an all-time high after a rip-roaring performance in 2022.Let's dive into the state of Honeywell's business t

What is a “Value Trap”?In Wall Street circles, a “value trap” refers to a situation where investors are drawn to a particular stock because its price appears to be very low, often with seemingly attractive metrics such as a low pr

India's Redington reported a 21% fall in quarterly profit on Tuesday, as the technology devices distributor wrestled with higher expenses at a time when demand for work-from-home equipment also slowed.