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Apple $AAPL Long way to the 21D if lower, like it back over the 8D
By: Options Mike | June 23, 2024
• $AAPL In the room we talked all week about how there would be big selling pressure on this one due to the rebalance.
Now we see. Long way to the 21D if lower, like it back over the 8D
Read Full Story »»»
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Headsets have been causing headaches because the screen is too close to the human's eyes.
Apple looks for Chinese partner for Apple Intelligence
Friday, June 21, 2024 12:02 pm
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OpenAI’s ChatGPT and other Western AI models aren’t available in China, and that is prompting Apple to look for a Chinese partner to help offer its Apple Intelligence services, The Wall Street Journal reports citing “people in the industry.”
Raffaele Huang and Jiyoung Sohn for The Wall Street Journal:
Apple has held talks with several Chinese companies that make AI models including search-engine company Baidu, e-commerce leader Alibaba Group and a Beijing-based startup called Baichuan AI, people familiar with the matter said.
In China, companies must seek Beijing’s approval before introducing AI chatbots built on large language models trained with huge databases of text, images and video vacuumed up from the internet and other sources. Regulators vet the models to ensure they don’t influence public opinion in a way the government doesn’t approve.
As of March, Beijing’s internet watchdog, the Cyberspace Administration of China, had approved 117 generative AI products, none of which is foreign-developed.
Early this year, Apple explored the possibility of obtaining approval for a foreign large language model to be used in its devices in China, but it found that Chinese regulators were unlikely to approve it, people familiar with the matter said. That realization prompted Apple to step up talks with potential local partners, they said.
MacDailyNews Take: We assume Baidu, with its Ernie chatbot, would be the most logical choice.
https://macdailynews.com/2024/06/21/apple-looks-for-chinese-partner-for-apple-intelligence/
Apple The Exchange TRX to welcome its first customers this Saturday, June 22, in Kuala Lumpur
June 19 2024 - 10:00PM
Business Wire
Apple’s first retail location in Malaysia will offer its full lineup of products and services, unparalleled support from over 160 team members, and sessions with local creatives
Apple® today previewed Apple The Exchange TRX, the first Apple Store® in Malaysia. Located in the heart of Kuala Lumpur’s new Tun Razak Exchange (TRX) central business district, the new store will deliver the magic of Apple in the country like never before. Customers can discover and buy Apple’s innovative lineup of products and services, receive exceptional service from knowledgeable team members, and learn how to get the most out of their devices through free Today at Apple® sessions.
“We live for moments when we can surprise and delight our customers, and we’re excited to do that in Malaysia with the opening of our first store in the country, Apple The Exchange TRX,” said Deirdre O’Brien, Apple’s senior vice president of Retail. “Being able to support and directly connect with a new community is always a special experience for our retail teams, and we can’t wait to welcome customers to this beautiful space designed for discovery, creativity, and shopping for the world’s most innovative products.”
At Apple The Exchange TRX, more than 160 team members are ready to help customers shop for their favorite Apple products — from the iPhone® 15 lineup to the MacBook Air® with M3 and the latest iPad® models, including the redesigned iPad Air® and incredibly thin iPad Pro® with M4.
Apple The Exchange TRX will be an inspiring hub for education, offering customers free in-store sessions through Today at Apple. Led by Apple Creatives, the events will empower attendees to tap into their creativity and learn how to get the most out of their devices, with topics ranging from basics and how-to lessons, to iPhone photo and video tours that take advantage of the beautiful store location.
To celebrate the opening, a special Today at Apple series, “Jom Discover,” will run from Saturday, June 22, through Saturday, July 6. Bringing together some of Malaysia’s most celebrated creators, the sessions will offer a glimpse into the creative process while showcasing Apple’s full range of products and services.
Sessions in the “Jom Discover” series include:
Performance: De Fam
Workshop: Capture Portraits on iPhone with Jason smashpop
Spotlight: Video Magic on Mac® with Adam Lobo
Workshop: Turn Ideas Into Action on iPad with Iman Azman
Spotlight: Live Well with Nana Mohd and Apple Watch®
Apple The Exchange TRX connects the mall’s central atrium to a lush rooftop park that wraps around the store’s upper level. Emitting a warm glow at night, the three-dimensional layered roof consists of horizontal glass panels and shading blades to reduce the sun’s rays. A central glazed oculus brings daylight into the interior and includes a dynamic artificial-lighting feature.
Inside the store, a sculptural quartz and glass staircase connects the three levels where customers can explore, learn, and shop. The Forum, home to Today at Apple programming, is located on a floating deck that joins up with the mall, while the upper level directly connects with the edge of the park, bringing daylight and greenery into the store through a continuous glass façade.
Like all Apple facilities, the Apple The Exchange TRX runs on 100 percent renewable energy and is carbon neutral. The store is designed with a refined palette of high-quality materials, including natural stone walls, polished stainless-steel columns, light terrazzo floors, and a timber ceiling.
Visitors are invited to explore the surrounding display tables and avenues, and shop the new iPad Air with M2, the iPhone 15 lineup, and the latest Apple Watch lineup — Apple’s first-ever carbon neutral products. Apple Specialists are excited to connect with the local community through personalized setup and support, switching to iOS, and Apple Trade In, where customers can get credit toward a new device by trading in their current one.
Just in time for back to school, students and families can save on a Mac or iPad with Apple Education Pricing available exclusively through Apple Retail. In-store or online, eligible customers can also take advantage of the university student offer running through September 30, and receive AirPods® when they buy an eligible Mac, or an Apple Pencil® when they buy an eligible iPad.
Apple The Exchange TRX also offers a dedicated Apple Pickup counter, making it even easier for customers to place an order online and pick up products when it’s most convenient for them. And for hands-on technical and hardware support, customers can make a reservation at the Genius Bar® and get help from an expert.
Apple The Exchange TRX opens Saturday, June 22, at 10 a.m. MYT. Customers are invited to check out curated content celebrating the essence of creativity in Malaysia across Apple TV+®, Apple Music®, and the App Store®, and sign up for upcoming Today at Apple sessions.
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.
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, Apple Store, Today at Apple, iPhone, MacBook Air, iPad, iPad Air, iPad Pro, Mac, Apple Watch, AirPods, Apple Pencil, Genius Bar, Apple TV+, Apple Music, and App Store 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/20240619608123/en/
Neema Mungai
Apple
nmungai@apple.com
Brian Bumbery
Apple
bumbery@apple.com
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/94074015/apple-the-exchange-trx-to-welcome-its-first-custom
I had to file a complaint with the CFPB against Goldman Sachs over my Apple Card. I made a charge for $6000 and a pending charge was on my account for the same amount. I called them a minimum of 15 times, got names, was told that I was talking to a supervisor at least six of those times, and nothing was ever done. The pending charge stayed on my card for almost 4 months and they admitted to “inadvertently” charging me interest on the pending charge.
Consider that only a small percentage of Americans are aware that they can file a complaint with the CFPB to seek resolution, and fewer still know where to go on the internet to do that. If hundreds of Americans have filed a complaint, it is highly likely that there are actually thousands of complaints that have not been filed. The CFPB knows that from experience.
It’s possible that the folks at Apple are unfamiliar with the century of abuses to customers by Goldman Sachs. Key milestones include the Goldman Sachs Trading Company’s conduct in the asset bubble of 1928. The Trading Company was a closed end fund (called a trust in those days) that Goldman Sachs created and offered to the public at $104 a share, stuffed with conflicted investments while paying Goldman a hefty management fee, only to end up a few years after the 1929 stock market crash trading at a little more than a dollar.
Then there were the 2010 Senate hearings where Goldman Sachs was shown to have been allowing hedge fund titan, John Paulson, to pick subprime debt likely to fail for one of Goldman’s securitized deals. Goldman sold the product to its customers as a good investment. Paulson made approximately $1 billion shorting the deal while those on the other side of the trade lost about $1 billion, while never being advised of the hedge fund manager’s role. According to the late U.S. Senator Carl Levin, Goldman was itself shorting (betting on subprime derivative products to fail) while actively promoting these products to clients. Comedian Jon Stewart started calling Goldman Sachs “those f*!*!ing guys” during this period.
Equally notable was the 2012 incident when Greg Smith, a VP at Goldman, tendered his resignation after 12 years with the firm on the OpEd pages of the New York Times. Smith lamented on “how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as ‘muppets,’ ” Smith wrote. The “muppets” characterization instantly went viral with comedic internet memes, like this catchy musical video written by former Wall Street veteran and law professor Frank Partnoy.
More recently, Goldman Sachs has upped its game to criminal felony charges leveled by the U.S. Department of Justice in the 1MDB bribery case. The Justice Department released this statement on October 22, 2020 in conjunction with bringing the charges against Goldman Sachs:
“Over a period of five years, Goldman Sachs participated in a sweeping international corruption scheme, conspiring to avail itself of more than $1.6 billion in bribes to multiple high-level government officials across several countries so that the company could reap hundreds of millions of dollars in fees, all to the detriment of the people of Malaysia and the reputation of American financial institutions operating abroad. Today’s resolution, which includes a criminal guilty plea by Goldman Sachs’ subsidiary in Malaysia, demonstrates that the department will hold accountable any institution that violates U.S. law anywhere in the world by unfairly tilting the scales through corrupt practices.”
The message here is simple, if you’re a company with a good reputation, you need to do a proper and thorough amount of due diligence before you align your name and reputation with another company.
Hundreds of complaints filed with the Consumer Financial Protection Bureau (CFPB) by consumers using the Apple credit card that is provided by Goldman Sachs. The Apple credit card holders are alleging being put through a living hell by Goldman Sachs when fraudulent charges are made on their Apple credit card and a host of other problems.
In typical Goldman Sachs style, it has managed to earn the hostility of everyday consumers, airline pilots, and even a police officer with its handling of credit card complaints. Unfortunately for Apple, its name and reputation are being taking along for the ride – which raises the question, what marketing zombie at Apple didn’t see this coming when he decided to entangle Apple’s brand with “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money,” as Matt Taibbi famously described Goldman Sachs at Rolling Stone.
The complaints at the CFPB aren’t helping the J.D. Power brand either. J.D. Power had announced in August of 2021 that the Apple credit card provided through Goldman Sachs had ranked number one in customer satisfaction in the midsize credit card segment. Goldman Sachs’ Chairman of Consumer Business, Harit Talwar, had gushed as follows about the award:
“Nothing energizes us more than the affirmation that we are providing a simple, transparent product that delivers value and that customers love. Creating this experience with Apple has been incredibly rewarding, and we are committed to continuing to deliver best-in-class service to our customers. It takes a village, and I am grateful to my colleagues at Goldman Sachs, the teams at Apple, and all of our partners who have helped us be No. 1 in customer satisfaction in the U.S. credit card industry.”
But in the very same month of August 2021, as Goldman was celebrating its J.D. Power award, egregious complaints were being filed with the CFPB. Here’s a sampling: (the redacted information has been done by the CFPB; typos are in the original):
A customer in California wrote this:
“This problem has been ongoing since XXXX, I have had to open multiple disputes through Apple credit card (goldman Sachs) and every time I open disputes, they ALWAYS favor the merchant ( XXXX ) There were multiple unauthorized purchases on my card through XXXX, XXXX helped with most of them besides one order that was {$1400.00}. My credit card issuer Goldman Sachs is saying that the dispute keeps favoring them no matter what evidence I give them. I really want to sue or something, I have no idea what to do now…” (Read the full complaint here.)
A customer in Massachusetts told the CFPB this:
“My 11 year old computer died and I went online to apple.com to buy a replacement one. Their site advertises that you can get an Apple credit card with 0 % APR for the first 12 months and pay off the computer. When I tried to redeem that offer, their Goldman Sachs website came back and extended a {$2500.00} credit limit, which does not cover the cost of a computer on their site. I called in to get the limit increased to {$3200.00} because I make {$320000.00} a year and have a XXXX credit rating. When I called in, their representative told me the only way to request a credit limit increase to cover the cost of the computer was to accept the credit card offer and open an account. So I did. He told me the next day I had to call back to request a credit increase. There was no other way to get an increase on the application. I have just done that, and despite making a high salary, having zero credit debt and having an excellent credit score, Goldman Sachs / Apple has denied the application and not giving me a reason…” (Read the full complaint here.)
A resident of Virginia wrote this:
“On XX/XX/21, an unknown charge for {$840.00} was Pending on my Apple Card (Goldman Sachs), I submitted a dispute the same day and was told that, because the charge was still ‘pending’, they would monitor the charge and if the charge posted, the dispute process would start with no further action from me. If the charge did not post, it would just drop off of my account. Since then, I have made dozens of calls and chat sessions with Apple Card Support about this charge that posted to my account on XX/XX/21. On this date, I received a ‘provisional credit’ and exactly one minute later, the provisional credit was reversed. After many phone calls, I finally learned that the dispute that I repeatedly called about had been ruled in the merchant ‘s favor because, they stated, I ‘withdrew my dispute’ — this is a complete falsehood…” (Read the full complaint here.)
The Apple credit card via Goldman Sachs was only launched three years ago in August of 2019. Goldman wrote the following at the time:
“Goldman Sachs is the issuer of the card and is responsible for underwriting, customer service, the underlying platform and all matters related to regulatory compliance through Goldman Sachs Bank USA.”
For the credit card to have generated hundreds of complaints in such a short span of time is remarkable and is apparently why Goldman Sachs is now being investigated by the CFPB.
Why Apple killed Apple Pay Later
Tuesday, June 18, 2024 12:51 pm
1 Comment
In a retreat from efforts to offer more financial services in-house, Apple is shutting down its Apple Pay Later program, which let customers make purchases on an installment plan. Apple Pay Later was only ever made available in America.
Adam Clark for Barron’s:
Apple plans to offer a way for people to apply for buy now, pay later loans from other companies when they check out with Apple Pay, the company’s payment system. Affirm Holdings stock rose earlier this month when Apple said its products are expected to be available to Apple Pay users in the U.S. later this year.
Citigroup and Synchrony Financial will also be a part of the rollout, Apple said.
Apple’s focus now looks to be more on integrating artificial-intelligence onto its devices than further expansion into the world of financial services. Its recent AI announcements at its Worldwide Developers Conference (WWDC) have been a boon for the stock, which is up 13% in the past month, as analysts back the technology to boost iPhone sales.
MacDailyNews Take: Apple killed Apple Pay Later to assuage the EU red tape excretion machine.
See also: Apple to conclude ‘tap-and-go’ NFC payments probe with EU – June 18, 2024
https://macdailynews.com/2024/06/18/why-apple-killed-apple-pay-later/
Millions worth of $AAPL Call selling and $QQQ put buying
By: Cheddar Flow | June 18, 2024
• Millions worth of $AAPL Call selling and $QQQ put buying
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We haven’t seen a dip yet.
Not going to happen. Buy the dips and hold.
Would love to see a 4 for 1 split this year, drop the pps to $50 so smaller retail can get in
APPLICIOUS…….best stock in the market, imho.
Apple’s stock splits: When will AAPL shares split again? I shared this article & link last week on 6/11 at the end of the Apple hits new all time high...
Tuesday, June 11, 2024 12:36 pm
3 Comments
https://macdailynews.com/2024/06/11/apples-stock-splits-when-will-aapl-shares-split-again-3/#google_vignette
No. Last one was in 2020 a 4-1
They just had a 9 for 1 split. I don't think we will see a split anytime soon. Maybe when the next couple of upgrade cycles and AI kicks in with increased revenues we may see a split if this gets to the $350 to $400 range
Actually it’s NOT time according to history. Just because it may seem lofty at ”200” doesn’t warrant a split.
Buy the dips from here on out….hold…..wait for your split.
“It could be years before Apple's next stock split
When Apple announced its last 4-for-1 split on July 30, 2020, its stock was trading at $385. When it announced its previous 7-for-1 split on April 23, 2014, it was trading at $525.
Based on those two decisions, it doesn't seem likely that Apple will choose to split its stock at its current level of around $200 a share. It has also been just three and a half years since its last split, and the shortest period between its stock splits has been nearly five years (2000 to 2005) so far. Therefore, it will probably be at least a few more years before Apple's board approves another stock split.”
Apple supplier TDK says battery breakthrough can deliver higher performance for wearables
Monday, June 17, 2024 9:37 am
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Japanese electronic parts maker TDK on Monday said it had successfully developed a material for its solid-state batteries that can be utilized in various devices that come into direct contact with the human body. Some of the main features of TDK’s technology include the use of oxide-based solid electrolytes, which the company says makes them “extremely safe.”
TDK successfully developed a material for CeraCharge, a next-generation solid-state battery with an energy density of 1,000 Wh/L, approximately 100 times greater than the energy density of TDK’s conventional solid-state battery.
TDK’s technology is aimed at a solution that can be utilized in various wearable devices, such as wireless earphones, hearing aids and even smartwatches, with the goal of replacing existing coin cell batteries.
Utilizing TDK’s proprietary material technology, TDK has managed to develop a material for the new solid-state battery with a significantly higher energy density than TDK’s conventional mass-produced solid-state batteries (Type: CeraCharge) due to the use of oxide-based solid electrolyte and lithium alloy anodes. The use of oxide-based solid electrolyte makes batteries extremely safe. It is intended for use in wearable and other devices that come in direct contact with the human body.
The battery can be applied for replacing coin cell primary batteries in compliance with EU battery regulations, which require them to be replaced by rechargeable batteries, which is expected to contribute to the reduction of environmental impact.
TDK will strive to develop the battery cells and package structure design and advance toward mass production, targeting the development of its new product, the solid-state battery. Moreover, TDK aims to enhance the capacity of the batteries through multi-layer lamination technology and expand its operating temperature range by applying the production engineering technology TDK has accumulated in the electronic components business.
Main applications
• Various wearable devices such as wireless earphones, hearing aids and smartwatches
• Environmental sensors
• Replacement of coin cell batteries
Main features and benefits
• The use of oxide-based solid electrolyte makes battery extremely safe
• Smaller size and higher capacitance contribute to smaller device size and longer operating time
MacDailyNews Take: Potentially good news for Apple AirPods and Apple Watch users!
Related
TDK’s CEO hints at more iPhone orders from Apple next year
Thursday, December 3, 2015
In "News"
Apple supplier TDK’s new breakthrough battery could lift iPhone capacity by 40% or more
Friday, January 5, 2024
In "News"
TDK pumps Blu-ray capacity up to 200GB per disc
Saturday, September 2, 2006
In "MacDailyNews"
https://macdailynews.com/2024/06/17/apple-supplier-tdk-says-battery-breakthrough-can-deliver-higher-performance-for-wearables/
Now that we have finally broke above 200 again can we have another split to bring it back to attractive levels so everyone can buy it an can continue to split in the future? It's about time for another 2:1 splt.
$AAPL breaking out into its favorite month of July? 100% win rate and average return of +8.23% over the last eight years.
By: TrendSpider | June 15, 2024
• $AAPL breaking out into its favorite month of July?
Sounds like a perfect storm for the bulls.
100% win rate and average return of +8.23% over the last eight years.
Read Full Story »»»
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Apple $AAPL forms a Golden Cross for the first time since March 2023. The last Golden Cross sent shares soaring by 25% over the next 4 months!
By: Barchart | June 13, 2024
• Apple $AAPL forms a Golden Cross for the first time since March 2023
The last Golden Cross sent shares soaring by 25% over the next 4 months!
Read Full Story »»»
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Apple is again the world’s most valuable company
Wednesday, June 12, 2024 10:16 am
8 Comments
Apple blew past Microsoft to one again claim the mantle of the world’s most valuable company by market capitalization propelled by two of Wall Street’s favorite words: artificial intelligence… make that Apple Intelligence.
Emily Dattilo for Barron’s:
The story for Apple began Monday at the tech giant’s Worldwide Developers Conference, when the company unveiled its AI strategy.
It seemed to take investors a beat to warm up to the news, considering the stock slipped 1.9% on Monday, before soaring 7.3% to $207.15 on Tuesday to an all-time high, setting its first record close since December 2023. Shares were rising [3.7%] on Wednesday.
Wedbush Securities analysts led by Dan Ives piled into the positivity. “The delayed positive reaction from the Street on the Apple
Intelligence news was investors starting to fully digest that the AI Revolution will come through the consumer with an Apple device over the coming year,” he wrote.
Mizuho Securities analyst Daniel O’Regan offered some more detailed reactions from key groups on Wall Street. Clients were constructive but surprised shares rose so much, he wrote. “Apple delivered in terms of what people were expecting,” he continued. “Although NOT ground breaking, Apple intelligence is a step in the right direction.”
MacDailyNews Take: Apple is currently worth $3.3 trillion.
Other members of the $3 trillion club:
• Microsoft: $3.247 trillion
• Nvidia: $3.116 trillion
https://macdailynews.com/2024/06/12/apple-is-again-the-worlds-most-valuable-company/
$AAPL Leading the way with the most bullish flow again today
By: Cheddar Flow | June 13, 2024
• $AAPL Leading the way with the most bullish flow again today
$TSLA is close behind
Read Full Story »»»
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$AAPL Millions worth of call LEAPS flooding the tape
By: Cheddar Flow | June 12, 2024
• $AAPL Millions worth of call LEAPS flooding the tape
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🤣 50/50 right or wrong
Wouldn’t bet against you
Got some new insight,this could be $250 quick like...big funds gonna go for it,Big League...we're back to 2011 where this soared every week..if ELON MUSK is batching it must be a Great threat...I'll say $270 by June 30th...
Market capitalization in 40 years
Eeernt probably later in year...but massive profit taking by the big boys leaving retail holding the big biten apple...
We see $190 by june 28th I'd say...needs to fill gaps and take profits end of quarter...
Sell the news..
What was the news that drove up $14 gains?? Can reach $300 in July... Before that I see us dipping below $200 then reload and bang bang...
Apple shares hit new all-time intraday and closing highs
Tuesday, June 11, 2024 4:42 pm
3 Comments
In Nasdaq trading today, shares of Apple Inc. (AAPL) rose $14.03, or 7.26%, to $207.15, a new all-time closing high. Today’s intraday high was $207.16, also an all-time high for Apple stock.
Apple’s 52-week low stands at $164.08.
Monday’s trading volume for AAPL shares was 168,874,733 versus Apple’s average trading volume of 60,814,360 shares.
Apple’s PE Ratio currently stands at 32.22.
Apple currently has a market value of $3.176 trillion, making it the world’s second-most-valuable company.
The top five U.S. publicly-traded companies, based on market value:
Microsoft (MSFT) – $3.216T
Apple (AAPL) – $3.176T
NVIDIA (NVDA) – $2.974T
Alphabet (GOOGL) – $2.192T
Amazon (AMZN) – $1.948T
Selected companies’ current market values:
• Meta Platforms (META) – $1.287T
• Berkshire Hathaway (BRKA) – $883.438B
• Taiwan Semi (TSM) – $859.493B
• Tesla (TSLA) – $544.269B
• Walmart (WMT) – $536.745B
• Netflix (NFLX) – $279.461B
• Advanced Micro Devices (AMD) – $256.929B
• Adobe (ADBE) – $207.285B
• Cisco (CSCO) – $184.399B
• Disney (DIS) – $183.890B
• Intel (INTC) – $131.622B
• IBM (IBM) – $155.538B
• Sony (SONY) – $103.718B
• Dell (DELL) – $93.373B
• SoftBank (SFTBF) – $91.216B
• Spotify (SPOT) – $61.707B
• Hewlett-Packard (HPQ) – $35.541B
• Nokia (NOK) – $21.174B
• SiriusXM (SIRI) – $9.847B
• Sonos (SONO) – $1.920B
• BlackBerry (BB) – $1.629B
• RealNetworks (RNWK) – $34.560M
Apple all-time high (AAPL) via NASDAQ here.
MacDailyNews Take: As we wrote yesterday upon the conclusion of Apple’s WWDC keynote video: “Apple did enough. Nothing spectacular (and leaning heavily on OpenAI’s ChatGPT), but enough.”
https://macdailynews.com/2024/06/11/apple-shares-hit-new-all-time-intraday-and-closing-highs-79/
Apple’s stock splits: When will AAPL shares split again?
Tuesday, June 11, 2024 12:36 pm
3 Comments
https://macdailynews.com/2024/06/11/apples-stock-splits-when-will-aapl-shares-split-again-3/#google_vignette
You have been screaming sell since under $100. Anyone listening to you would have to be stupid.
Apple $AAPL has the most bullish flow so far today
By: Cheddar Flow | June 11, 2024
• $AAPL has the most bullish flow so far today
Read Full Story »»»
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$AAPL $1.8 Million Call. This order has a July expiration and was executed above the ask
By: Cheddar Flow | June 11, 2024
• $AAPL $1.8M Call
This order has a July expiration and was executed above the ask
Read Full Story »»»
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APPLICIOUS, fellow followers of the Cosmic Crisp sensation.
$$ AAPL $$
Today Apple Inc. (AAPL) is the best performer in the DJIA
By: Thom Hartle | June 11, 2024
• Today (8:32 CST), the best performer in the DJIA is Apple Inc. AAPL.
Read Full Story »»»
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Keep an eye on $AAPL heading into next month...
By: TrendSpider | June 10, 2024
• Keep an eye on $AAPL heading into next month...
The stock has a perfect record over the last 8 years in July, with a massive mean return of +8.23%
Read Full Story »»»
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$AAPL currently trading at 30 times trailing earnings...
By: TrendSpider | June 10, 2024
• $AAPL currently trading at 30 times trailing earnings...
Too expensive or too cheap?
Read Full Story »»»
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MacDailyNews presents live coverage of Apple’s WWDC 2024 keynote address
Monday, June 10, 2024 12:07 pm
10 Comments
https://macdailynews.com/2024/06/10/macdailynews-presents-live-coverage-of-apples-wwdc-2024-keynote-address/
NOTHING REALLY NEW.......WITOUT THE BUYBACK THIS IS 130$ STOCK
SELLLLLLLLLLLLLLLLLL
SELLLLLLLLLLLLLLLLLLLLLLLLLLLL
SELLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
Apple Showcases AI at WWDC 2024, Nvidia Stock Split Starts Today, and More News
June 10 2024 - 7:29AM
IH Market News
Apple (NASDAQ:AAPL) – At today’s Apple Developer Conference (WWDC 2024) kicking off today, the company will demonstrate its prowess in the advanced field of artificial intelligence. Despite being an early adopter of AI with products like Siri, Apple now faces a perception of trailing behind competitors following innovations like ChatGPT. Throughout the event, Apple will unveil significant AI improvements, including a new version of Siri and expanded functionalities for digital content processing.
Microsoft (NASDAQ:MSFT) – Microsoft has decided to keep its new Recall feature, which logs user activities on PCs to streamline data organization, disabled by default. This decision comes after security concerns arose regarding the potential for hackers to access these logs. The company will also require additional authentication to activate the feature. Additionally, Microsoft showcased fully digital versions of the Xbox Series X and S consoles at the Xbox Games Showcase, along with game trailers like the new edition of “Call of Duty”. The event takes place amidst a period of sluggish sales and economic challenges in the gaming industry.
Nvidia (NASDAQ:NVDA) – Nvidia will commence trading at a lower price today following a 10-for-1 stock split. Wall Street remains bullish on Nvidia’s valuation increase, which has surged by 144% this year. Evercore analysts believe Nvidia could represent up to 15% of the S&P 500 in the future.
Advanced Micro Devices (NASDAQ:AMD) – Morgan Stanley analysts downgraded AMD to neutral, citing elevated investor expectations for its AI segment, especially when compared to competitors like Nvidia and Broadcom. They see limited potential for upward revisions for AMD, despite a rebound in its core business and an anticipated increase in AI chip sales.
Snowflake (NYSE:SNOW) – Snowflake is encouraging its clients to implement stricter security controls, such as multi-factor authentication (MFA), after hackers targeted customer accounts using malware and purchased credentials. This follows security incidents involving clients like Live Nation (NYSE) and Advanced Auto Parts (NYSE), raising concerns about data security in the cloud.
Oracle (NYSE:ORCL) – Oracle’s primary medical records client, the US Department of Veterans Affairs (VA), reported that Oracle’s software is not improving patient care as expected. Less than 20% of VA physicians and nurses believe the software enables “high-quality care”. The VA is renegotiating its $16 billion contract with Oracle, which acquired Cerner in 2022, aiming to enhance the electronic medical records system.
Netflix (NASDAQ:NFLX) – Netflix plans to drive its next growth phase by investing in live events and sports, following the success of its ad-supported offering. The strategy, mirroring the traditional TV model, could propel stocks back to 2021 record highs, benefiting from increased visibility and advertising revenue potential.
Walmart (NYSE:WMT) – Walmart opposes New York’s new legislation requiring panic buttons in stores, arguing it may trigger too many false alarms. The law was passed to enhance retail worker safety in response to rising violence and thefts. In other related news, Walmart forecasts its US e-commerce business to be profitable within the next two years. The company is focused on cost reduction and order fulfillment, capitalizing on the 22% surge in online sales in the last quarter.
Yelp (NYSE:YELP) – Yelp may sue ReviewVio for falsely advertising that it can remove negative reviews from the Yelp website, alleging trademark infringement and unfair competition. Judge William Alsup in San Francisco allowed the lawsuit to proceed, highlighting potential confusion about the relationship between the companies and the impact on Yelp’s advertising services.
Tesla (NASDAQ:TSLA) – Tesla CEO Elon Musk announced that there won’t be an updated version of the Model Y this year, despite ongoing improvements to vehicles. Upgrades to Tesla’s older models have been sluggish due to high interest rates and competition from more affordable models in China. Additionally, Tesla shareholders will soon vote on a controversial $56 billion compensation package for Elon Musk. With approximately 90% of retail shareholders seemingly in favor, approval seems likely despite opposition from major funds and recommendations against from proxy advisors. Norway’s $1.7 trillion sovereign wealth fund will vote against Elon Musk’s $56 billion pay package at Tesla, after a judge deemed it unfair to shareholders. Tesla also argues that the legal team that nullified Elon Musk’s pay package in January deserves only a fraction of the $5.6 billion in fees sought, as the case brought little benefit to the company. The automaker proposes to pay $13.6 million for legal services.
Stellantis (NYSE:STLA) – Stellantis has preemptively expanded the recall of potentially faulty airbags in Europe, Africa, and the Middle East to include more Citroen, DS, and Opel models. The recall now covers Citroën C4, DS4, DS5 models, and some Opel vehicles, albeit less restrictive than the initial recall, which included Citroën C3 and DS3.
Southwest Airlines (NYSE:LUV)- Elliott Investment Management, an activist investor, has acquired a nearly $2 billion stake in Southwest Airlines. They plan to press the airline for strategic changes to rectify its underperforming performance.
Spirit Airlines (NYSE:SAVE) – Spirit Airlines dismisses the possibility of bankruptcy and is optimistic about its plan following the failure of the merger with JetBlue (NASDAQ). CEO Ted Christie expressed this confidence at the annual shareholder meeting, despite a recent decline in the company’s shares and operational challenges, including aircraft groundings.
Boeing (NYSE:BA) – Boeing’s CST-Starliner space taxi successfully docked with the International Space Station, bringing its first astronauts, Sunita Williams and Barry Wilmore. This test flight is crucial for both NASA and Boeing, especially after multiple delays and technical setbacks.
Virgin Galactic (NYSE:SPCE) – Virgin Galactic successfully conducted its second spaceflight this year on Saturday, carrying Turkish, American, and Italian tourists to the edge of space. Galactic Mission 07 reached approximately 55 miles in altitude on a flight lasting just over an hour, departing and returning to Spaceport America in New Mexico.
BP plc (NYSE:BP) – BP updated its conflict of interest policy, requiring employees to disclose any intimate relationships with colleagues. The change follows the dismissal of former CEO Bernard Looney for failing to disclose such relationships, emphasizing total transparency to avoid conflicts of interest, under the threat of dismissal.
Occidental Petroleum (NYSE:OXY), Berkshire Hathaway (NYSE:BRK.A) – Warren Buffett’s Berkshire Hathaway acquired about 2.57 million shares of Occidental Petroleum from June 5 to 7, investing over $150 million. This raised its total stake in the company to approximately 250.6 million shares, representing about 28% of Occidental.
US Steel (NYSE:X) – Takahiro Mori, vice president of Nippon Steel, returned to the US to promote the acquisition proposal for US Steel, receiving positive feedback from employees and community leaders. Despite regulatory scrutiny and union opposition, the Japanese company aims to conclude the $14.9 billion merger, already approved outside the US.
Diamond Offshore Drilling (NYSE:DO), Noble Corporation (NYSE:NE) – Diamond Offshore Drilling has agreed to be acquired by Noble Corp. for approximately $1.6 billion in a cash and stock deal. Under the agreement, Diamond Offshore’s shares were valued at $15.52 based on Friday’s closing price. Diamond Offshore Drilling shares rose 4.6% in pre-market trading to $14.57.
CrowdStrike (NASDAQ:CRWD), KKR & Co (NYSE:KKR), GoDaddy (NYSE:GDDY) – S&P Dow Jones Indices announced that KKR & Co, CrowdStrike, and GoDaddy will be added to the S&P 500 index on June 24, replacing Robert Half (NYSE:RHI), Comerica (NYSE:CMA), and Illumina (NASDAQ:ILMN).
Blackstone (NYSE:BX) – Nadeem Meghji, global co-head of Blackstone’s real estate sector, noted that liquidity is returning to the real estate market, with high-quality assets attracting more interest. He observed an increase in the number of bidders for apartment buildings, attributing this to falling capital costs and new supply.
KKR & Co (NYSE:KKR) – KKR & Co. invested $50 million in one of its main real estate funds and committed to supporting its valuation amidst commercial real estate market instability. The company also plans to repurchase up to 7.7 million shares if the fund’s valuation falls below $27 per share by 2027, ensuring value for shareholders and demonstrating confidence in the real estate market’s recovery.
PowerSchool Holdings (NYSE:PWSC), Bain Capital (NYSE:BCSF) – Bain Capital will acquire PowerSchool Holdings in a deal valuing the educational software company at $5.6 billion. Bain will pay $22.80 per share, a 37% premium over the previous closing price. Vista Equity and Onex will retain minority stakes post-acquisition.
Visa (NYSE:V), Mastercard (NYSE:MA)- Visa and Mastercard will face new lawsuits in London after a court allowed collective proceedings on behalf of merchants to proceed. The companies are accused of overcharging interchange fees, with many lawsuits already underway in London’s Competition Appeal Tribunal.
Waystar (WAY) – Waystar shares fell on Friday in their Nasdaq debut after raising $968 million in their initial public offering, one of the largest IPOs of the year. The shares opened at $21, below the IPO price of $21.50, and closed at $20.70, valuing the company at $3.50 billion.
Walgreens Boots Alliance (NASDAQ:WBA) – Walgreens Boots Alliance is considering an initial public offering for its Boots pharmacy network in the UK, while continuing sale negotiations. The company has informally discussed with potential buyers, including private equity firms, without yet making a final decision on Boots’ sale.
Pfizer (NYSE:PFE) – A study by Stanford University found that a 15-day treatment with Pfizer’s antiviral Paxlovid did not alleviate long Covid symptoms. Despite hopes based on anecdotal reports, the study involving 155 participants showed no significant improvement in symptoms like fatigue and mental confusion.
Moderna (NASDAQ:MRNA) – Moderna announced that its combined Covid-19 and flu vaccine is more effective than individual vaccines, based on a late-stage trial. Being the first to release positive phase three data, the company plans to seek regulatory approval in the US soon, targeting a 2025 launch.
Express (NYSE:EXPR) – Express is selling its business for $160 million to a consortium including mall owners and investment firms. The sale, still open to better offers, also includes assuming $38 million in liabilities. This move averts the risk of liquidation and protects jobs and stores.
GameStop (NYSE:GME) – GameStop shares rose 6.6% in pre-market trading after closing down 39% on Friday, marking its worst day since February 4, 2021. This occurred despite Keith Gill, the infamous meme trader known as Roaring Kitty, scarcely mentioning GameStop in his live stream on Friday, although he reiterated his bullish stance on the company.
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