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$AAPL Volatility Contraction Pattern (VCP), holding the Volume Point of Control...
By: TrendSpider | October 12, 2024
• $AAPL Volatility Contraction Pattern (VCP), holding the Volume Point of Control...
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Apple primed to again beat earnings estimates
Tuesday, October 8, 2024 5:47 pm
1 Comment
Apple has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 2.90%.
Zacks Equity Research:
For the last reported quarter, Apple came out with earnings of $1.40 per share versus the Zacks Consensus Estimate of $1.34 per share, representing a surprise of 4.48%. For the previous quarter, the company was expected to post earnings of $1.51 per share and it actually produced earnings of $1.53 per share, delivering a surprise of 1.32%.
Apple has an Earnings ESP of +1.94% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock’s Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner.
MacDailyNews Note: Apple’s conference call to discuss fourth fiscal quarter earnings results and business updates is scheduled for Thursday, October 31, 2024 – yes, Halloween – after market close, right around 1:20 p.m. PT / 4:30 p.m. ET.
Apple will follow that with a conference call with analysts to discuss results and business updates at 2:00 p.m. PT / 5:00 p.m. ET.
Listen to the conference call live here.
This stream is best experienced on an iPhone 7 or later, iPad (5th generation or later), or iPod touch (7th generation) using Safari on iOS 12 or later; or a Mac using Safari on macOS Mojave 10.14 or later. Streaming to your TV requires an AirPlay 2–capable device, or via AirPlay to an Apple TV (2nd generation or later) with the latest Apple TV software or tvOS. Other platforms may also be able to access the stream using recent versions of Chrome, Firefox, or Microsoft Edge (MSE, H.264, and AAC required).
Currently, analysts’ consensus expects revenue of $94.4 billion and EPS of $1.57.
https://macdailynews.com/2024/10/08/apple-primed-to-again-beat-earnings-estimates/#google_vignette
Apple Insider Trading Alert: Chief Financial Officer Luca Maestri just sold $13.4 million worth of $AAPL shares
By: Barchart | October 9, 2024
• Apple Insider Trading Alert
Chief Financial Officer Luca Maestri just sold $13.4 million worth of $AAPL shares
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$AAPL $3 Million Calls
By: Cheddar Flow | October 8, 2024
• Large Million+ $AAPL & $GLD Calls
These expire in 3-5 weeks and are net bullish
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Apple to hold conference call to discuss Q424 earnings results on October 31st
Friday, October 4, 2024 11:02 am
No Comments
Apple’s conference call to discuss fourth fiscal quarter earnings results and business updates is scheduled for Thursday, October 31, 2024 – yes, Halloween – after market close, right around 1:20 p.m. PT / 4:30 p.m. ET.
Apple will follow that with a conference call with analysts to discuss results and business updates at 2:00 p.m. PT / 5:00 p.m. ET.
Listen to the conference call live here.
This stream is best experienced on an iPhone 7 or later, iPad (5th generation or later), or iPod touch (7th generation) using Safari on iOS 12 or later; or a Mac using Safari on macOS Mojave 10.14 or later. Streaming to your TV requires an AirPlay 2–capable device, or via AirPlay to an Apple TV (2nd generation or later) with the latest Apple TV software or tvOS. Other platforms may also be able to access the stream using recent versions of Chrome, Firefox, or Microsoft Edge (MSE, H.264, and AAC required).
MacDailyNews Note: Currently, analysts’ consensus expects revenue of $94.4 billion and EPS of $1.57.
https://macdailynews.com/2024/10/04/apple-to-hold-conference-call-to-discuss-q424-earnings-results-on-october-31st/#google_vignette
Apple Watch users find Vitals app detects Illness even prior to symptoms
Monday, October 7, 2024 2:28 pm
No Comments
According to recent reports on Reddit, Apple’s new Vitals app for watchOS 11 appears to be impressing some users with its ability to detect potential illness days before symptoms even appear.
Tim Hardwick for MacRumors:
The Apple Watch app, which analyzes key health metrics measured during sleep over the last seven days, appears to be providing early warnings of impending sickness for at least some Apple Watch wearers ahead of time. It’s available on Apple Watch Series 8 and newer models, including the Apple Watch Ultra series, as long as the devices are running ?watchOS 11?.
One Reddit user, RCG21, shared their experience with the new feature:
“I started using Vitals when it first came out on the beta and since then I’ve gotten sick about twice. Both times it knew a couple days in advance and I hadn’t felt anything wrong.”
Another user, dalethomas81, posted a screenshot of their Vitals data, stating, “Woke up today feeling off. Now as the evening is setting in, I am feeling that old familiar feeling in my head. I’m sick.” The image showed multiple metrics falling outside the typical range days before the user reported feeling ill.
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MacDailyNews Take: Apple may have crated some magic with its new Vitals app!
https://macdailynews.com/2024/10/07/apple-watch-users-find-vitals-app-detects-illness-even-prior-to-symptoms/
Excessive Heat Warning alert on iPhone?
Zac Hall | Sep 30 2024 - 8:39 pm PT
11 Comments
You may have received an Excessive Heat Warning on your iPhone today even if you’re nowhere near the affected area. This is probably why.
iPhone users are being notified about an excessive heat weather event through Apple’s Weather app on iPhone. While the weather event is happening in the Santa Clara Valley region of California, the alert says that the occurrence is happening in an area nearby regardless of where you live.
I believe this is because Apple includes both New York and Cupertino as default cities in the Weather app. You may not even notice if you only view your current location weather. Still, the alert is being pushed to users with Cupertino as a saved location who have opted in to notifications from the Weather app.
For San Jose and the surrounding area, temperatures are indeed expected to reach 108° over the next couple of days. The Excessive Heat Warning advises those in the affected area to avoid extensive outdoor work.
https://9to5mac.com/2024/09/30/excessive-heat-warning-alert-on-iphone-heres-why/
2 Big Tech Stocks Dinged by Downgrades
By: Schaeffer's Investment Research | October 7, 2024
• Both AAPL and AMZN were downgraded this morning
• Both AMZN and AAPL have seen high options volume over the last two weeks
Tech giants Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN) are both moving lower today, following this morning's bear notes.
Jefferies downgraded AAPL to "hold" from "buy," noting near-term expectations for the company's iPhone 16 and iPhone 17, both marked by artificial intelligence (AI) software, were overblown after weaker-than-anticipated initial demand. At last glance, Apple stock was down 0.9% to trade at $224.76.
Wells Fargo slashed its rating on AMZN to "equal weight" from "overweight," citing slowing growth and heightened competition from Walmart (WMT), warning cloud strength was "not enough." At last look, Amazon.com stock was down 2.8% to trade at $181.29.
Both stocks are no stranger to Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that have attracted the highest options volume in the last 10 days, and this most recent period is no different. Over the past two weeks, both equities have seen a wealth of bullish-leaning trading, as seen in the chart below.
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$AAPL Insiders front running the October volatility?
By: TrendSpider | October 5, 2024
• $AAPL Insiders front running the October volatility?
Executives at the company sold over $91M in shares on Wednesday, with more than half of that coming from CEO Tim Cook.
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Apple likely to raise dividend payouts annually for the foreseeable future
Friday, September 27, 2024 1:16 pm
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Apple has a quarterly dividend of $0.25 per share, which was increased from $0.24 per share earlier this year. This year, Apple has already paid investors $0.74 per share, and based on its history, is likely to pay another $0.25 per share before the end of the year, bringing the total dividend for 2024 to $0.99. Apple has a track record of consistently paying and increasing its dividend for 13 consecutive years.
Collin Brantmeyer for The Motley Fool:
According to recent research by Hartford Funds, anytime a company grew or initiated a dividend, its stock had higher returns and less volatility compared to non-dividend-paying stocks since 1973.
Hartford Funds also highlights that a key metric for a dividend-paying stock is its payout ratio, or the percentage of a company’s profits paid out as dividends. The research suggests that it is essential for a company to keep its payout ratio below 75%; otherwise, management may need to cut its dividend if its earnings slide. With a payout ratio of only 14.9%, Apple’s management should be able to maintain and raise it annually for the foreseeable future.
?
MacDailyNews Take: Apple shareholders have decades of dividend raises ahead.
Related
Apple’s $0.25 per share dividend is payable on August 15th
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How much will Apple increase its quarterly cash dividend next month?
Thursday, March 26, 2015
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https://macdailynews.com/2024/09/27/apple-likely-to-raise-dividend-payouts-annually-for-the-foreseeable-future/
Apple launches new professional learning resources for teachers and expands global education grant program
October 01 2024 - 9:00AM
Business Wire
In celebration of World Teachers’ Day, Apple® today launched all-new free classroom resources to help educators and students embrace creativity in any lesson, and is celebrating educators through special collections and offerings across Apple services. Additionally, the company announced a major expansion of its groundbreaking education grant program into 100 new schools and communities, reaching students and teachers across six continents with free grant-funded STEAM programming.
Over the past four decades, Apple has been a committed educational leader. Through its work in education, the company has shared its cutting-edge technology and professional learning resources with millions of students and educators, equipping them with the tools to create new worlds, connect in engaging ways, and pursue the jobs of tomorrow. To illustrate the reach of its efforts, Apple is also releasing its first-ever Education Impact Report, which provides a snapshot of the work the company is doing to support teachers and learners worldwide.
“At Apple, we have always believed in the power of education to open new doors and give people the tools they need to build a better, more equitable world,” said Lisa Jackson, Apple’s vice president of Environment, Policy, and Social Initiatives. “We’re blown away to see how tomorrow’s coders, creators, innovators, and leaders are using Apple technology and resources to make their impact known today — and we’re thrilled to expand our education work into even more communities.”
“We’re inspired by the incredible work coming out of classrooms and communities across the globe, and the myriad of ways Apple products like Mac and iPad empower learners to create and build on their passions,” said Susan Prescott, Apple’s vice president of Education and Enterprise Marketing. “Our new Creative Activities for early learners and students make learning easy and fun, and most importantly, give educators quick tools to engage learners of all ages.”
Supporting Teachers and Community Educators with New Tools
Over the course of Apple’s long history in education, professional learning and educator resources have always been key parts of the company’s approach, as the effective use of technology can help unlock the potential of all learners.
Today, Apple is launching new Everyone Can Create® resources for teachers. Creative Activities are a collection of quick, interactive, and fun lesson ideas that empower educators to sprinkle imagination and originality into their learning plans. Creative Activities for Early Learners (ages 4 to 8) and Creative Activities for Students (ages 8 and up) enable teachers to engage their students without increasing their workload. Each activity strengthens essential skills and gets students creating quickly with templates and shareable links.
New Creative Activities include:
Drawing: Reveal a Constellation
Photo: Create a Sticker Collage
Video: See More in Slo-Mo
Music: Lay Down a Beat
The new Creative Activities are now available in the Apple Education Community, a professional learning hub with more than 1 million members where educators can find inspiration, share resources, and connect with peers. This week, the Apple Education Community is expanding its Forum collaboration features to 16 additional countries and regions, enabling participation from even more educators around the world.1
In addition, Apple continues to expand Apple Learning Coach, a free professional learning program that helps educators coach teachers on how to get the most out of Apple products. With new lessons and the ability to register and participate at any time, Apple Learning Coach is now available in eight languages across 15 countries and regions.2 To date, more than 4,000 certified Apple Learning Coaches have guided nearly 100,000 teachers, impacting 2.4 million students.
Reaching Students and Teachers on Six Continents Through Grant Programs
Apple works with schools and nonprofit organizations around the world to provide grants and other hands-on programming designed to expand access to technology, along with educational and workforce opportunities. To date, the company has contributed hundreds of millions of dollars in technology, tools, and resources to more than 200 education and community partners. In the last year alone, Apple has expanded its support to nearly 40 new education partners across Canada, Mexico, New Zealand, the United Kingdom, and the United States.
This work is largely connected to Apple’s Community Education Initiative, through which the company provides hardware, scholarships, financial support, educator resources, and access to Apple experts to schools and organizations in under-resourced communities. Apple collaborates with each partner organization to customize and enhance programming to support the community’s specific goals and transform students’ in-school and extracurricular experiences.
Apple’s extensive education initiatives also include Apple Developer Academies and the Apple Foundation Program, which bring coding education and skills training to developers and entrepreneurs around the world, along with free resources like Everyone Can Code®, Develop in Swift Tutorials, Everyone Can Create, Challenge for Change, and Today at Apple® sessions at all Apple Store® locations.
As detailed in the newly released Education Impact Report, in the past five years, more than 10,000 teachers have received professional learning opportunities through Apple grants. Over that same time frame, 500,000 students in close to 2,000 schools and communities around the world have engaged in the company’s grant programs. Apple currently supports more than 200 schools and nonprofit organizations — a number that continues to increase.
Forging New Partnerships and Deepening Existing Work
CodeDoor, one of Apple’s newer partners, provides coding and workforce preparedness training for migrants throughout Germany. Apple supports the organization’s Creators program, which uses Everyone Can Code resources and Swift Playgrounds® to give participants the tools to design and pitch apps as solutions to community challenges. Through a hybrid experience that takes place over the course of eight months, participants acquire valuable skills, including coding with Swift® and presentation techniques.
“CodeDoor was created from the idea that young people are curious and approach learning as a process of discovery, but need the right tools to feel empowered,” said Karan Dehghani, CodeDoor’s founder. “With support from Apple, our Creators program teaches learners from migrant families how to identify and solve real-life problems through app development — equipping a new generation of Germans with the skills they need to build community and a brighter future.”
Apple is also deepening its work with existing community partners. Since 2020, the company has collaborated with the New York Public Library to expand access to technology through in-person and virtual training classes for learners of all ages and skill levels, with a focus on helping adults develop confidence in their computer skills and grow more comfortable in today’s digital world.
“The world is evolving so fast. One of the ways that we can help shape and ensure the future of libraries is to create spaces that are designed for collaborative, interactive learning,” said Brandy McNeil, Ph.D., the New York Public Library’s deputy director of Branch Programs & Services. “With the tools and resources only Apple can provide, we’ve been able to expand both our programming and our reach to better serve our community, helping many more people harness the power of technology to learn and grow.”
Celebrating World Teachers’ Day Across Apple
In honor of World Teachers’ Day, Apple is celebrating educators around the world through special collections and offerings across its services.
The Great Tools for Teachers collection in the App Store® highlights classroom and lesson-planning essentials that educators can use to support their work. On Apple Music®, users can listen to a collection of learning-based albums and playlists highlighted throughout the Kids and Family categories; on Apple Books®, readers can explore a collection of nonfiction and kids’ books about inspiring educators; and in Podcasts, listeners can find featured shows focusing on conversations by and for educators alongside narratives about education. Additionally, the Apple TV® app features a collection of movies and shows that highlight the importance of teachers in the lives of pupils.
Across the world, teachers can use Group Reservations to book a Today at Apple session for their students at their local Apple Store, selecting from more than 20 topics great for educators and their students to learn how to code, create, and get the most out of Apple products. Learn more and request a session at apple.com/today/groups.
Additionally, Apple is hosting a special session for teachers at Apple Park Visitor Center in Cupertino, California, on World Teachers’ Day (October 5). The Go Further with iPadOS 18 for Education workshop will bring together certified Apple Learning Coaches and educators from across California for hands-on demos using iPad Pro® and Apple Pencil Pro™.
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.
1. Forum collaboration features in the Apple Education Community are now available in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Spain, Sweden, Switzerland, Taiwan, the United Kingdom, and the United States.
2. Apple Learning Coach is now available for educators in Australia, Austria, Canada, France, Hong Kong, Ireland, Japan, Malaysia, Mexico, New Zealand, Singapore, Switzerland, Taiwan, the United Kingdom, and the United States.
NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at media.help@apple.com.
© 2024 Apple Inc. All rights reserved. Apple, the Apple logo, Everyone Can Create, Everyone Can Code, Today at Apple, Apple Store, Swift Playgrounds, Swift, App Store, Apple Music, Apple Books, Apple TV, iPadOS, iPad Pro, and Apple Pencil Pro are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241001500017/en/
Jessica Reeves
Apple
j_reeves@apple.com
Rachel Wolf Tulley
Apple
rachel_tulley@apple.com
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/94644356/apple-launches-new-professional-learning-resources
APPLICIOUS……..happy Monday everyone.
$$ AAPL $$
Today Apple Inc. (AAPL) is the best performer in the DJIA
By: Thom Hartle | September 30, 2024
• Today (8:34 CST), the best performer in the DJIA is Apple Inc. AAPL .
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I'm bearish on Apple, but shorting Apple is not a good option for now.
yes, I think it is key concern from investors.
Loading some Apple vertical spread 235 Calls for a few weeks out.
Breast Cancer Cure with Cryogenics IceCure ICCM
$APPL
Effects of mobile phones electromagnetic radiation on patients with epilepsy: an EEG study
People already depend too heavily on their phones and cant function without them. This is just another feature that'll make that worse.
On Wednesday, Morgan Stanley reaffirmed its positive stance on Apple Inc. (NASDAQ:AAPL) shares, maintaining an Overweight rating and a $273.00 price target for the tech giant's shares.
https://www.google.com/url?q=https://www.investing.com/news/company-news/morgan-stanley-maintains-apples-stock-target-amid-iphone-16-trends-93CH-3621806%23:~:text%3DOn%2520Wednesday%252C%2520Morgan%2520Stanley%2520reaffirmed,for%2520the%2520tech%2520giant%27s%2520shares.&sa=U&sqi=2&ved=2ahUKEwjh55OAk9mIAxW86ckDHUu_NYsQFnoECBsQBQ&usg=AOvVaw2hH8yReGNBlDPtWQhei0N4
$186 new price target Barclays .. Barclays sees muted demand for iPhone 16
With these headwinds, Barclays maintains its Underweight rating and $186 price target on Apple, suggesting that iPhone 16 demand may continue to lag unless sell-through improves in the coming months.
Barclays analysts said in a note Monday that they see muted demand for Apple's (NASDAQ:AAPL) iPhone 16 based on shorter lead times and channel checks during the first week of pre-orders.
According to Barclays, the early signs are "not encouraging," as both the Pro and base models have seen a weaker response compared to last year's iPhone 15 launch.
The note highlights significantly shorter wait times across key geographies, particularly for the iPhone 16 Pro models.
In the U.S., the iPhone 16 Pro Max’s lead time during the first week was just 26 days, compared to 41 days for the iPhone 15 Pro Max. Barclays adds that similarly, the iPhone 16 Pro had an 18-day wait, down from 25 days last year.
In China, where demand is considered a crucial indicator for Apple, the iPhone 16 Pro Max wait time is said to have dropped to 18 days, from 36 days for the iPhone 15 Pro Max.
Barclays believes the shorter lead times and lower demand signal "weaker than expected demand, especially across the US and China," where consumer spending has softened.
Additionally, global pre-order units are estimated to be down by mid-teens percentage year-over-year, according to the firm's supply chain contacts.
The roll-out of Apple Intelligence, a key feature for the iPhone 16, is delayed until 2025 for markets like China and parts of Europe. Barclays believes the delay could dampen enthusiasm for the new model.
The bank also pointed out that the earlier iPhone launch gives Apple two extra days of sales for the September quarter, but this is unlikely to offset the weaker demand trends
Apple brings California driver’s licenses and state IDs to Apple Wallet
Friday, September 20, 2024 10:14 am
No Comments
This week, Apple announced California driver’s licenses and state IDs can now be added to Apple Wallet, enabling residents to seamlessly and securely add and present their IDs using iPhone or Apple Watch. The launch of California driver’s licenses and state IDs in Apple Wallet will roll out as part of the California DMV’s broader mobile driver’s license (mDL) pilot program, which launched last year and is limited to 1.5 million participants.
“Enabling California residents to seamlessly add and present their IDs with their iPhone or Apple Watch represents a significant step in replacing the physical wallet with a more secure and private digital wallet,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet, in a statement. “The launch also represents an important milestone in the rollout of IDs in Apple Wallet. Not only is California one of the largest states in the U.S., but it’s also our own backyard, and we’re excited to bring an easy and transparent way to present IDs in our home state.”
The addition of IDs in Wallet in California follows the recent launch in Hawaii and Ohio, which join Arizona, Colorado, Georgia, and Maryland. Additionally, Montana, New Mexico, and West Virginia have signed on to adopt IDs in Wallet. Japan has also signed on to bring My Number Card to Wallet, which will mark the first international expansion of IDs in Wallet.
Adding an ID in Apple Wallet
Adding a license or state ID to Apple Wallet can be done in a few easy steps. Residents can tap the Add (+) button at the top of the screen in Wallet on their iPhone, select “Driver’s License or State ID,” and follow the onscreen instructions to start the setup and verification process.
The customer will be asked to use their iPhone to scan their physical driver’s license or state ID card and take a selfie, which will be securely provided to the issuing state for verification. As an additional security step, users will also be prompted to complete a series of facial and head movements during the setup process. Once verified by the issuing state, the customer’s ID or driver’s license will be added to Wallet.
Using an ID in Apple Wallet
Users can securely present their IDs in Apple Wallet in person and in apps to show proof of age or identity.
To present an ID in person, users can go to Apple Wallet and select their ID in Apple Wallet. From there, they can hold their iPhone or Apple Watch near an identity reader, review the specific information being requested, and use Face ID or Touch ID to authenticate. Today, users can present their ID in Apple Wallet at select TSA checkpoints, businesses, and venues, in addition to Apple Store locations across the U.S. for order pickup, Genius Bar appointments, and more. Users can also present their IDs in Apple Wallet to businesses using apps such as Tap2iD Mobile, VeriScan, and Mobile ID Verify, for in-person age verification. These apps leverage Apple’s ID Verifier API to securely and privately accept mobile driver’s licenses and ID cards — right on iPhone, no additional hardware needed.
Soon, users will also be able to present their ID in Apple Wallet in person for select services like CLEAR for member enrollment.
To present an ID in Apple Wallet in apps, users can select the “Verify with Apple Wallet” or “Continue with Apple Wallet” button. From there, they can review the specific information being requested, and authenticate with Face ID or Touch ID before information is shared. Today, users can present their ID in Apple Wallet in select apps, including Turo, with additional partners such as CLEAR, MyChart, and Uber Eats coming soon.
Presenting an ID in a Secure, Private Way
IDs in Apple Wallet use the privacy and security features that are built into Apple devices to help protect a user’s identity and personal information. When adding an ID to Apple Wallet, the state-issuing authority receives only the information it needs to approve or deny the request.
Once an ID is added to Apple Wallet, the information is encrypted on a user’s device, so others — including Apple — cannot access it unless a user chooses to present it. Apple and the state-issuing authority do not know when or to whom a user presents their driver’s license or state ID. A user’s presentment history is encrypted and stored only on their device, and Apple cannot see or access this information.
When presenting an ID in Apple Wallet, only the information needed for the transaction is presented, and the user has the opportunity to review and authorize the information being requested with Face ID or Touch ID before it is shared. Users do not need to unlock, show, or hand over their device to present their ID.
MacDailyNews Note: For more information on IDs in Wallet, visit learn.wallet.apple/id.
Related
Driver’s licenses and state IDs in Apple Wallet are coming soon to California
Thursday, August 15, 2024
In "News"
Apple launches the first driver’s license and state ID in Wallet with Arizona
Wednesday, March 23, 2022
In "News"
Arizona and Georgia first to adopt Apple Wallet driver’s licenses and state IDs; CT, IA, KY, MD, OK, and UT to follow
Wednesday, September 1, 2021
In "News"
https://macdailynews.com/2024/09/20/apple-brings-california-drivers-licenses-and-state-ids-to-apple-wallet/
Apple (NASDAQ:AAPL) – Apple launched the iPhone 16 in nearly 60 countries, but the new model will not come with its AI software, Apple Intelligence, pre-installed. Users will need to download the features over time. T-Mobile CEO Mike Sievert said iPhone 16 sales surpassed those of the iPhone 15, with consumers opting for Pro and Max models more frequently. Meanwhile, analysts remain optimistic about the company’s holiday season performance. In Russia, retailers like M.Video-Eldorado and MTS launched pre-sales of the iPhone 16 despite Apple’s export ban to the country. Russian consumers will pay hundreds of dollars more than Americans due to parallel imports from non-sanctioned countries like China and Turkey. Shares fell 0.4% in pre-market trading, after closing up 3.7% on Thursday.
Nike Shares Surge 7% Pre-Market as Elliott Hill Becomes CEO; FedEx Shares Tumble 13% After Profit Miss
September 20 2024 - 6:02AM
IH Market News
Nike (NYSE:NKE) – Elliott Hill, who started as an intern at Nike in 1988, will become the next CEO on October 14, replacing John Donahoe. Hill, with a 32-year career at Nike, is known for his work ethic and dedication. This change comes at a critical time, with the company facing declining sales and increasing competition. Shares rose 6.8% in pre-market trading, after closing up 0.1% on Thursday.
FedEx (NYSE:FDX) – FedEx reported a sharp drop in quarterly profit and lowered its forecasts as customers opt for cheaper shipping options. CEO Raj Subramaniam cited weaker industrial demand and insufficient cost cuts. The company expects low growth next fiscal year and is ending a key contract with USPS. FedEx reported adjusted earnings per share of $3.60 in the fiscal first quarter, below estimates of $4.75. Revenue was $21.6 billion, also missing the $21.9 billion forecast. FedEx lowered its earnings outlook for fiscal 2025, expecting between $20 and $21 per share. Shares dropped 13.4% in pre-market trading, after closing up 0.7% on Thursday.
Lennar Corp (NYSE:LEN) – Lennar reported third-quarter earnings above expectations, driven by low housing supply and a decline in fixed mortgage rates to about 6.1%. Despite lower gross margins due to high costs, the company expects demand to rise with further interest rate cuts. Lennar reported earnings of $4.26 per share, beating LSEG estimates of $3.63. Revenue was boosted by the delivery of 21,516 homes, up from 18,559 the previous year. The company expects to deliver between 22,500 and 23,000 homes in the fourth quarter. Shares fell 2.5% in pre-market trading, after closing up 2.1% on Thursday.
Macy’s (NYSE:M), United Parcel Service (NYSE:UPS) – Macy’s announced it will hire over 31,500 employees for the holiday season, down from 38,000 last year, reflecting a weaker labor market and cautious consumers. In contrast, UPS plans to increase its seasonal hires to 125,000 workers. Macy’s shares are stable in pre-market trading, while UPS shares fell 2.4%.
Amazon.com (NASDAQ:AMZN) – Amazon launched an AI application called Amelia to help independent sellers manage sales metrics, inventory, and advertising. The software provides quick responses to questions and can autonomously solve issues. Initially available to a limited group, Amelia aims to automate customer service and improve seller experiences. Shares fell 0.3% in pre-market trading, after closing up 1.9% on Thursday.
Mastercard (NYSE:MA) – According to Mastercard, U.S. retail sales are expected to grow 3.2% this holiday season, with companies offering promotions to attract shoppers during a shorter shopping period. Online sales are expected to rise 7.1%. Falling inflation and a strong job market are supporting this recovery. Mastercard shares fell 0.2% in pre-market trading, after closing down 0.4% on Thursday.
AMC Entertainment (NYSE:AMC), Cinemark Holdings (NYSE:CNK) – Major cinema chains like AMC, Regal, and Cinemark announced a $2.2 billion investment over the next three years to modernize theaters in North America. Improvements include comfortable seating, immersive sound, laser projection technology, and facility upgrades. AMC shares rose 0.4% in pre-market trading, while Cinemark shares remain stable.
Walt Disney (NYSE:DIS) – Walt Disney Animation Studios has appointed Jared Bush as Chief Creative Officer. Bush, who has worked at Disney for over a decade, is known for his role in acclaimed films such as “Encanto,” “Zootopia,” and “Moana.” He takes over from Jennifer Lee, who served as CCO since 2018 and co-wrote “Frozen.” Lee will now focus on directing and co-writing “Frozen 3” and “Frozen 4.” Bush is currently involved in producing “Zootopia 2” and “Moana 2,” scheduled for release in 2025 and 2024, respectively. He will oversee the creative production of the studio’s films, series, and associated projects.
Salesforce (NYSE:CRM) – Salesforce CEO Marc Benioff said the company’s new AI software provides a complete solution for enterprise customers, emphasizing that users do not need to develop their own AI. Salesforce is focusing on AI “agents” that automate tasks without human supervision, aiming to deploy one billion agents within a year. In other news, Walt Disney announced it plans to discontinue using Salesforce’s Slack as a collaboration tool after a data breach by the hacker group NullBulge exposed over a terabyte of data. Disney CFO Hugh Johnston stated that most of the company’s businesses would leave the service by the end of the year, migrating to simplified corporate tools. Salesforce shares closed up 5.4% on Thursday.
Hershey (NYSE:HSY) – Hershey laid off a small number of employees this week, less than 1% of its 20,000 staff, as part of organizational changes aimed at generating $300 million in savings. These layoffs come amid rising cocoa prices and declining sales, according to Reuters.
Coca-Cola (NYSE:KO) – Coca-Cola announced a $1 billion investment in its Nigerian operations over the next five years, as discussed during a meeting with President Bola Tinubu. Since 2013, the company has invested $1.5 billion in the country. Shares rose 0.3% in pre-market trading, after closing down 1.6% on Thursday.
Starbucks (NASDAQ:SBUX) – New Starbucks CEO Brian Niccol believes employees should be in the office when necessary but will not impose specific days for attendance. Starbucks currently maintains a three-day office policy. Niccol emphasized the value of collaboration and plans to spend more time in the office, although his own remote work arrangement has sparked reactions. Shares fell 0.2% in pre-market trading, after closing up 0.8% on Thursday.
Elanco Animal Health (NYSE:ELAN) – The FDA approved Zenrelia, a new Elanco drug for treating skin diseases in dogs. The once-daily immunosuppressant controls itching and atopic dermatitis. Elanco plans to launch it soon at a price 20% lower than Apoquel, a competing treatment.
Airbnb (NASDAQ:ABNB) – Airbnb has identified a significant opportunity to expand its long-term rental business, focusing on stays of 28 days or more, as short-term rentals face tighter regulations in tourist destinations like Athens and Barcelona. CEO Brian Chesky noted that these rentals now account for 17% to 18% of the company’s bookings.
Apple (NASDAQ:AAPL) – Apple launched the iPhone 16 in nearly 60 countries, but the new model will not come with its AI software, Apple Intelligence, pre-installed. Users will need to download the features over time. T-Mobile CEO Mike Sievert said iPhone 16 sales surpassed those of the iPhone 15, with consumers opting for Pro and Max models more frequently. Meanwhile, analysts remain optimistic about the company’s holiday season performance. In Russia, retailers like M.Video-Eldorado and MTS launched pre-sales of the iPhone 16 despite Apple’s export ban to the country. Russian consumers will pay hundreds of dollars more than Americans due to parallel imports from non-sanctioned countries like China and Turkey. Shares fell 0.4% in pre-market trading, after closing up 3.7% on Thursday.
Nvidia (NASDAQ:NVDA) – Nvidia has partnered with Abu Dhabi’s G42 to create a climate technology lab focused on AI for weather forecasting. Using the Earth-2 platform, the companies will develop environmental solutions by leveraging vast geophysical data. Shares fell 0.6% in pre-market trading, after closing up 4.0% on Thursday.
OpenAI – OpenAI’s $6.5 billion fundraising round is nearing completion, with demand far exceeding the amount available. Investors such as Microsoft, Nvidia, and Apple are expected to participate, while Sequoia Capital, which backed a rival startup, will not be involved. OpenAI’s valuation could reach $150 billion.
Live Nation Entertainment (NYSE:LYV) – Live Nation has asked a federal judge in New York to dismiss allegations that the company, along with Ticketmaster, inflated ticket prices and stifled competition. The company argues that the accusations do not show direct harm to consumers and defends its practices in contracts with artists and venues.
Trump Media & Technology Group (NASDAQ:DJT) – Donald Trump has stated he will not sell his $1.7 billion stake in Trump Media after restrictions expire. However, other investors, such as United Atlantic Ventures and Patrick Orlando, may sell their shares soon. Trump Media shares fell 5.9% on Thursday, reflecting concerns over insider sales pressure. Shares dropped another 3.3% in pre-market trading on Friday.
Sunrun (NASDAQ:RUN) – Sunrun shares closed down 5.8% on Thursday after the company ended its sales partnership with Costco. Costco disagreed with Sunrun’s subscription model, which offers less upfront revenue. Despite a partnership lasting over a decade, its impact on sales was limited. Shares rose 0.3% in pre-market trading.
Shell (NYSE:SHEL) – The sale of Shell’s 37.5% stake in the Schwedt refinery in Germany to Prax Group is delayed due to legal proceedings, including Rosneft’s attempt to block the deal. The sale was expected to close in early 2024 but now depends on negotiations and court decisions. Shares fell 0.3% in pre-market trading, after closing up 1.5% on Thursday.
ConocoPhillips (NYSE:COP) – ConocoPhillips will supply natural gas to Uniper SE for 10 years, delivering up to 10 billion cubic meters to northwestern Europe. This deal strengthens energy supply security in the region, which seeks alternatives to Russian gas, highlighting the continued importance of natural gas in Europe.
Palantir Technologies (NYSE:PLTR) – Palantir Technologies secured a $100 million contract to expand access to its AI platform, Maven Smart System, across all branches of the U.S. military. The platform, which uses intelligence data and computer vision algorithms, aids in target identification and battlefield situation analysis. Shares fell 2.2% in pre-market trading, after closing up 1.2% on Thursday.
Rocket Lab USA (NASDAQ:RKLB) – Rocket Lab USA aborted a rocket launch in New Zealand on Thursday after the flight computer halted ignition during the countdown. The rocket, intended to launch five Kineis nanosatellites, remained intact, and the company promised updates on a new launch date. Shares fell 0.4% in pre-market trading, after closing up 0.7% on Thursday.
Plug Power (NASDAQ:PLUG) – Plug Power announced a new equipment leasing platform, aiming to generate $150 million in sales. Despite an initial share increase after the announcement, shares closed down 1.90% on Thursday. The company faces challenges with sales and is revising its revenue forecasts for the coming years while attempting to develop hydrogen technologies.
Tesla (NASDAQ:TSLA) – Tesla faced controversy at its German factory, with local residents concerned about water shortages and contamination. The factory, which was expected to boost the economy, has now become a contentious issue in local elections, potentially benefiting the far-right AfD party, which has criticized the facility. Shares fell 0.6% in pre-market trading, after closing up 7.4% on Thursday.
General Motors (NYSE:GM) – General Motors’ autonomous driving unit, Cruise, announced it will soon begin supervised tests with up to five autonomous vehicles in California’s Bay Area. Following an incident that suspended operations, the company resumed testing with human-driven vehicles. Shares fell 1.2% in pre-market trading, after closing down 0.1% on Thursday.
Union Pacific (NYSE:UNP) – Union Pacific projected revenue growth outpacing volumes over the next three years, with an annual compound growth rate for earnings per share between high single digits and low double digits. The company also plans to repurchase up to $5 billion in shares annually starting in 2025.
Delta Air Lines (NYSE:DAL) – Delta Air Lines announced the suspension of flights between New York-JFK and Tel Aviv until December 31, citing security concerns in the Middle East. The airline issued a travel waiver and warned customers about possible flight schedule changes and cancellations.
Caterpillar (NYSE:CAT) – Caterpillar is reviewing its diversity, equity, and inclusion (DEI) policies after activist Robby Starbuck warned of a possible social media attack. Shares closed up 5.1% on Thursday.
Berkshire Hathaway (NYSE:BRK.B), Bank of America (NYSE:BAC) – BNSF Railway, controlled by Berkshire Hathaway, announced a five-year provisional agreement with the SMART union, providing an average wage increase of 3.5% per year, along with healthcare benefits and additional vacation days for railway workers. The contract still requires union ratification. Warren Buffett, through Berkshire Hathaway, sold $896 million worth of Bank of America shares this week. While Buffett has not publicly explained his decision, he still holds a significant position, which may soon fall below the regulatory threshold of 10%. Shares of BRK.B fell 0.1% in pre-market trading, while Bank of America shares dipped 0.4%.
JPMorgan Chase (NYSE:JPM) – JPMorgan announced leadership changes to strengthen its healthcare and technology investment banking sectors. Ben Carpenter and Jeremy Meilman will become co-heads of healthcare globally, while Chris Grose and Greg Mendelson will take on the same roles in the technology sector.
UBS Group AG (NYSE:UBS) – According to Matthew Mish from UBS, a victory for Kamala Harris would benefit basic industry and utilities bonds, while sectors like telecommunications and technology could face challenges. On the other hand, a Donald Trump victory would favor energy and defense debts. UBS anticipates private credit deterioration but does not expect it to spread to the broader market unless the economy slows significantly.
UnitedHealth (NYSE:UNH) – Change Healthcare, part of UnitedHealth, secured new long-term contracts with hospitals and clients who had temporarily left the company following a February cyberattack. The move reflects a trend of diversification among service providers, accelerated by the hack, which highlighted the risks of relying on a single supplier.
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