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Apple (AAPL) First bullish MACD cross on the weekly since November 2021
By: TrendSpider | July 27, 2022
• $AAPL First bullish MACD cross on the weekly since November 2021 A close above this trendline could really seal the deal!
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Lucky I added a bunch at close yesterday! Keep the green coming ~ ~ ~
May add more in the AM ~ ~ ~
Is a Surprise Coming for Apple (AAPL) This Earnings Season?
By: Zacks Equity Research | July 27, 2022
Investors are always looking for stocks that are poised to beat at earnings season and Apple Inc. (AAPL) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Apple is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAPL in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $1.15 per share for AAPL, compared to a broader Zacks Consensus Estimate of $1.14 per share. This suggests that analysts have very recently bumped up their estimates for AAPL, giving the stock a Zacks Earnings ESP of +1.32% heading into earnings season.
Apple Inc. Price and EPS Surprise
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that AAPL has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Apple, and that a beat might be in the cards for the upcoming report.
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Apple Earnings To Show Weaker Demand, But Stock Remains A Favorite Growth Play
By: Investing.com | July 27, 2022
• Reports Q3 2022 results on Thursday, July 28, after the market close
• Revenue Expectation: $82.59 billion; EPS: $1.16
• Apple may face slowing demand for its products as consumers brace for a tough time
When Apple Inc. (NASDAQ:AAPL) releases its latest quarterly earnings tomorrow, investors' primary focus will turn to the iPhone maker's ability to maintain growth momentum at a time when surging interest rates, a four-decade high inflation, and a threat of a recession are hurting consumer confidence.
The Cupertino, California-based Apple is a better play in an adverse economic backdrop mainly due to its wealthy and loyal consumer base—often seen as more resilient to macroeconomic headwinds. Still, the US's most valuable company can't claim to be completely immune from the economic headwinds.
Shares of Apple have weakened about 13% this year amid a broad market selloff. Still, this performance is much better than most of Apple's mega-cap counterparts, and the benchmark NASDAQ 100
AAPL Weekly Chart
Dwindling Demand
Taiwan Semiconductor Manufacturing (NYSE:TSM), Apple's leading supplier of processors, recently warned that demand for PCs, smartphones, and consumer electronics is weakening amid inflationary pressures and after the pandemic-driven boom. However, Apple is likely to be less affected because the high-end market, where it sells, has been more resilient.
The company's fiscal third quarter results are expected to show a deceleration in sales growth. Analysts predict revenue will climb by about 2% from a year earlier, the slowest pace since 2020. Compare that with the 36% jump that Apple saw in the third quarter of 2021 when the pandemic-induced demand was fueling sales.
Analysts also expect $1.16 in earnings per share, which would be a 10.7% decline annually. The company said in April that gross margin should also decline from 43.7% last quarter to between 42% and 43%.
China Disruptions
Slowing consumer demand isn't the only threat to this earnings report. During the past quarter, Apple also faced some COVID-related restrictions in China, a country with a massive assembly line and Apple's second-largest market.
In April, Apple warned it could lose between $4 billion and $8 billion in revenue from supply issues, including chip shortages and production snags.
These factors, including the weakening consumer demand and a strong US dollar, have led Morgan Stanley, Wells Fargo, and other banks to cut their stock price targets for Apple by about $10 a share.
Nonetheless, the majority of analysts surveyed by Investing.com still rate Apple stock a buy, implying a near 16.5% upside potential from current levels.
AAPL Consensus Estimates
Source: Investing.com
According to JPMorgan's analysts in a recent note:
"We believe the resilience of the earnings estimates in the backdrop of macro deterioration, including both inflation and adverse FX, will continue to drive investors to prefer Apple with strong cash generation and balance sheet that will allow it to offset any earnings dilution on account of the macro through buybacks."
In April, Apple's board authorized $90 billion in additional share buybacks and dividends.
With the strength of its balance sheet and a robust capital-return program, Apple also has a strong lineup of new products in the coming months that could keep recession-weary consumers lured and revenue rolling in.
These products include iPhone 14 models, a new Apple Watch SE, an updated HomePod, a new Apple TV, updated iPad Pro models with an M2 chip, the long-anticipated mixed-reality headset, and a larger, 15-inch MacBook Air.
Bottom Line
Apple earnings may feel the blow of a worsening economy and more cautious consumers. Despite this weakness, the company's stock remains one of the best names to own due to its strong cash-return plan and ability to bounce back quickly once the sailing gets smooth.
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Earnings Preview: Apple Inc. (NASDAQ: AAPL)
By: 24/7 Wall St. | July 27, 2022
• Here’s a look at four companies set to report results after markets close Thursday afternoon.
Apple
The largest U.S.-listed company by market cap, Apple Inc. (NASDAQ: AAPL), has added just 1.75% to its share price over the past 12 months. For the year to date, the share price is down by about 14.6%. It’s an unusual year for Apple, and the company is reducing spending and cutting its hiring pace. The company has already said that revenue will be down by $4 billion to $8 billion because of supply-chain and COVID issues in China. The consensus 12-month EPS estimate has dropped by around 3% since Apple reported fiscal second-quarter earnings in April.
Of 44 analysts covering Apple, 33 give the stock a Buy or Strong Buy rating, and another nine rate the shares a Hold. At a current price of around $151.60, the upside potential based on a median price target of $181.50 is about 19.8%. At the high price target of $214.00, the upside potential is more than 41.2%.
Analysts expect the Dow 30 component to report 2022 fiscal third-quarter revenue of $82.97 billion, down 14.7% sequentially and up 1.9% year over year. Adjusted EPS is expected to come in at $1.15, down 24% sequentially and off 11.5% year over year. For the 2022 fiscal year ending in September, analysts expect the company to report EPS of $6.13, up 9.3%, on sales of $393.55 billion, an increase of about 7.6%.
Apple stock trades at a multiple of 24.7 times expected 2022 EPS, 23.3 times estimated 2023 earnings of $6.50, and 22.3 times estimated 2024 earnings of $6.80 per share. The stock’s 52-week range is $129.04 to $182.94. Apple pays an annual dividend of $0.88 (yield of 0.61%). Total shareholder return for the past 12 months was 2.33%.
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Examining Apple profitability ahead of their earnings this Thursday
By: Markets & Mayhem | July 27, 2022
• Examining $AAPL profitability ahead of their earnings this Thursday.
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Sure going to be interesting next few days between Fed. Meeting, most likely 75 basis point increase, Apple Earnings, Amazon Earnings and Facebook Earnings.
If numbers from China and Europe are weak, Apple could be dropping down to $142, however, if stronger than expected numbers, then we should pop over $160.
Let's go Apple, surprise us.
Apple (AAPL) Appeared to Outperform Peers in Q3 - Rosenblatt
By: Investing.com | July 26, 2022
A Rosenblatt Securities analyst told investors in a note on Tuesday that Apple (NASDAQ:AAPL) likely outperformed its peers in the third quarter.
The analyst currently has a Neutral rating and a $168 per share price target on the stock. He explained in the note that their checks of industry data ahead of Apple's third-quarter earnings report aftermarket Thursday, show a company out-performing peers and boding well in a difficult environment, suggesting the firm's slightly above FactSet consensus estimates are beatable.
"Apple's big moves during the quarter in sports (striking a deal to be the lead broadcaster of Major League Soccer, and reportedly in the lead to pick up Sunday NFL Ticket) seem brand-driven and disruptive, raising questions of how the economics work, which perhaps suggests confidence in Cupertino," wrote the analyst.
Apple has been moving into the live sports streaming market with deals in place with the MLS and MLB.
Speaking on demand for Apple products in China, which continues to be impacted by Covid-related lockdowns, the analyst said they had concerns that never-ending zero Covid would disrupt demand in China and also present production challenges.
However, "monthly unit shipment data from the China Academy of Information and Communications Technology shows international mobile phone units (mainly Apple) rebounding in the June quarter, rising 24% Y/Y, versus a 24% decline for local brands."
There hasn't always been a great correlation historically between Apple's China revenues and this shipment data. But it's still a supportive backdrop," added the analyst.
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BY Benzinga
— 11:52 AM ET 07/26/2022
Someone with a lot of money to spend has taken a bullish stance on Apple NASDAQ:AAPL.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with AAPL, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 15 uncommon options trades for Apple.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $5,752,056, and 7 are calls, for a total amount of $347,871.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $205.0 for Apple over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Apple's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Apple's whale activity within a strike price range from $60.0 to $205.0 in the last 30 days.
Apple Option Volume And Open Interest Over Last 30 Days
Options Call Chart
Biggest Options Spotted:
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AAPL PUT TRADE BULLISH 07/21/23 $170.00 $2.7M 3.3K 1.0K
AAPL PUT SWEEP BULLISH 07/29/22 $150.00 $1.9M 18.8K 6.9K
AAPL PUT SWEEP BEARISH 07/29/22 $152.50 $516.4K 9.3K 6.6K
AAPL PUT TRADE BULLISH 12/16/22 $135.00 $206.5K 5.9K 459
AAPL PUT SWEEP BULLISH 07/29/22 $150.00 $140.5K 18.8K 15.5K
Where Is Apple Standing Right Now?
With a volume of 11,308,542, the price of AAPL is down -0.71% at $151.87.
RSI indicators hint that the underlying stock may be approaching overbought.
Next earnings are expected to be released in 2 days.
What The Experts Say On Apple:
Keybanc has decided to maintain their Overweight rating on Apple, which currently sits at a price target of $173.
Morgan Stanley has decided to maintain their Overweight rating on Apple, which currently sits at a price target of $180.
Evercore ISI Group has decided to maintain their Outperform rating on Apple, which currently sits at a price target of $180.
Wells Fargo has decided to maintain their Overweight rating on Apple, which currently sits at a price target of $185.
Citigroup has decided to maintain their Buy rating on Apple, which currently sits at a price target of $175.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Apple, Benzinga Pro gives you real-time options trades alerts.
MORE AAPL NEWS
GLOBAL MARKETS-Wall Street hit by Walmart wipeout, Gas woes knock Europe
Reuters - 11:02 AM ET 07/26/2022
US STOCKS-Wall Street falls as Walmart warning rattles retail stocks
Reuters - 10:56 AM ET 07/26/2022
Nascent U.S. stock rally hangs in balance as Wall St awaits megacap earnings
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JPMorgan Chase & Co. Analysts Give Apple (AAPL) a $200.00 Price Target
By: MarketBeat | July 25, 2022
• Apple (NASDAQ:AAPL - Get Rating) has been assigned a $200.00 price target by stock analysts at JPMorgan Chase & Co. in a research note issued on Monday, Borsen Zeitung reports. JPMorgan Chase & Co.'s price objective indicates a potential upside of 30.63% from the stock's current price...
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WRONG ANALYSIS , THUS WRONG CONCLUSION.
NUMBERS FROM EUROPE AND CHINA ARE HORRIBLE.
SELL AND BUY BELOW 100 60 DAYS FROM NOW.
After the huge Walmart stock hit and an economy where factory growth has slowed down to 47% the outlook is dire for Apple earnings and there is no way to sugarcoat slowing consumer growth.
Apple Earnings Could Miss Estimates, Morgan Stanley Warns
Apple earnings estimates and price targets continue to slip lower as the Street turns wary ahead of the company’s June-quarter report, due July 28.
Investors are struggling to figure out how the June quarter results—and September quarter guidance—will be affected by fierce currency headwinds, the progress of the reopening of the Chinese economy following a recent lengthy Covid-related shutdown and signs of slowing consumer spending.
In the latest additions to a series of Wall Street notes on the upcoming quarter, both Morgan Stanley analyst Katy Huberty and Wells Fargo analyst Aaron Rakers trimmed their price targets on Apple….
$152.68 LOOK OUT BELOW! aapl going DOWN!
HUGE ONCE IN A LIFE TIME OPPORTUNITY TO BE ABLE TO BUY AAPL ON THE CHEAP - $200.00 BY AT LEAST THE END OF THE YEAR - DON'T MISS OUT!!
THAT DOES NOT MEAN ANYTHING. ASSET MANAGERS ARE USUALLY
LATE TO THE PARTY, AND MOST UNDERPERFORM THE MARKET.
THURSDAY ATERNOON YOU WILL SEE AAPL DIIIIIIIVE.
Travelers deploy Apple AirTags to track lost luggage amid airline baggage chaos
Monday, July 25, 2022 12:42 pm
Smart travelers are deploying Apple AirTags to track their luggage which is being delayed and lost at alarming rates amid baggage chaos at airlines.
Brad Stone for Bloomberg News:
Airlines are losing more bags than ever: In May, 238,000 suitcases were mishandled in the US alone, an 80% increase over the previous year, according to the monthly Air Travel Consumer Report from the US Department of Transportation. The bedlam appears worse in Europe, where technical snafus and staffing shortages are bedeviling airports in Paris, London and Scotland, leading to some spicy social media posts and startling photos of piled-up bags at airports.
This is where AirTags come in. They’re so-called “Bluetooth Low Energy” devices, which send encrypted signals to any nearby iPhones, iPads and Macs. That allows users to see their item on a map in the “Find My” app on their iPhone or other devices. If it is in the vicinity of an iPhone 11 or newer, they can generate arrows on their screen that point to the direction of a misplaced item. The app can also ping the AirTag to make a sound—admittedly not helpful when it’s tucked inside a suitcase at a busy airport.
Proponents of the technology say that tracking checked luggage with AirTags and their ilk is a good way to relieve travel stress. “Trackers are especially useful for discovering if someone mistakenly took your bag off the carousel instead of their own,” wrote the Times. Henry Harteveldt, an online and travel industry analyst at Atmosphere Research, said he would use an AirTag if he had no choice other than to check a suitcase. “The end result is knowledge, and knowledge can increase peace of mind,” he says, adding: “2022 is not a year where you want to take chances with your checked bags no matter where you are traveling.”
MacDailyNews Take: At this point, we have AirTags in/on pretty much every item of value or importance. They just work so well and so accurately!
https://macdailynews.com/2022/07/25/travelers-deploy-apple-airtags-to-track-lost-luggage-amid-airline-baggage-chaos/
Giant asset manager buys up Apple, Nvidia, Corning, and Pfizer stock
Monday, July 25, 2022 11:41 am
The investment arm of one of the world’s biggest insurers just made major additions to its U.S.-traded investments, purchasing large stakes in Apple, Nvidia, Corning, and Pfizer.
Ed Lin for Barron’s:
MEAG Munich Ergo initiated a stake in iPhone maker Apple, and bought more shares of chip maker Nvidia, specialty-glass maker Corning, and vaccine maker Pfizer in the second quarter. MEAG, which handles all the investment activities for Munich Re, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.
As of March 31, it managed $337 billion in assets.
The asset manager bought 242,657 Apple shares in the second quarter. It hadn’t owned any at the end of the first quarter.
MacDailyNews Take: Smart investors are scooping up Apple at a discount.
https://macdailynews.com/2022/07/25/giant-asset-manager-buys-up-apple-nvidia-corning-and-pfizer-stock/
The SMART people (the LONG term holders of AAPL) know for a FACT that the stock price of AAPL will be going UP - WAAAAY UP!! Have a nice day.
BUDDY , I 'VE TAKEN MY SHORT POSITION......I AM JUST WARNING
YOU GUYS WHO SEEM TO BELIEVE IN THIS POSITIVE NARRATIVE.
I REPEAT, BY YEAR END YOU WILL SEE AAPL TRADE BELOW 100,
ALONG WITH A DEEP CORRECTION.
I AM VERY CONFIDENT IN MY SHORT POSITION.
JUST GOT BACK FROM EUROPE AND LET ME TELL YOU THAT I'VE VISITED
ABOUT 15 AAPL STORES FROM FRANCE TO GERMANY TO ENGLAND
AND FROM OBSERVATIONS AND DISCUSSION WITH STAFF AT STORES
YOU NEED TO REALLY WORRY ABOUT THIS EARNINGS REPORT.
NOW YOU CAN TAKE THAT INFO AND MAKE YOUR DECISION.
I AM SHORT AND LOADED WITH PUTS.
Wow - shorts are in full panic mode because they know that the AAPL financials will be really good and that will make the stock price of AAPL go up - WAAAAY UP!! HUGE SHORT SQUEEZE COMING - GOING TO BE FUN TO WATCH!!
KEEP ON DREAMING BUDDY....KEEP ON DREAMING.
I HAVE BEEN SHORTING AAPL FOR THE LAST FEW DAYS.
EARNING WILL BE BAD BUT GUIDANCE; OUCH.....OUCH !!
LET ME REPEAT ONE MORE TIME : CHINA'S NUNBERS WILL BE BAD
BUT EUROPE NUMBERS WILL BE DISASTROUS. JUST IN CASE YOU HAVN'T
HEARD....THERE IS A WAR GOING ON IN EUROPE; FOOD FOR THOUGHT.
Trillions market capitalization WOW
Buy and hold for 40 years, jmo
STUPID NONSENSE!! AAPL is going UP - WAAAAY UP!!
Apple hits brakes on hiring amid economic uncertainty
Joins roster of tech giants embarking on cuts or recruitment freezes
Lindsay Clark
Apple is joining other tech big-hitters that have frozen hiring across parts of their organization in response to a cooling global economy.
The tech company is limiting spending and recruitment at some of its divisions, according to Bloomberg.
Although Apple has not announced cuts externally and seems to merely be tapping the brakes, the news provoked alarm among investors who instigated a stock slide in the run-up to tech company earnings season. The company told us it was not commenting on the policy shift.
Steve Jobs' brainchild follows a string of tech glitterati who are openly treating changing market conditions with caution.
Last week it emerged that Microsoft had laid off more than a thousand staff, classifying this as a sort of summer clean-up following the closure of the latest financial year. The cull, which was less than 1 percent of the 180,000-strong global workforce, was a "structural adjustment," the company said.
Microsoft halted hiring in its Windows, Teams, and Office divisions in May.
Microsoft slows some hiring for Windows, Teams, and Office
Another tech giant changes course on hiring – this time it's Google
Intel freezes hiring for PC chip team, cites 'macroeconomic uncertainty'
Cisco dials back on hiring, cool winds blow through economy
Meanwhile, Google told staff it was set to slow some hiring for the remainder of 2022, saying it would focus on filling "engineering, technical and other critical roles" in 2023.
Hardware companies are taking similar actions. In an internal memo, Intel told employees it would not hire more staff in the PC chip division while it reevaluated its priorities. Shipments in the PC industry have declined in the first half of this year.
Cisco is likewise hiring more cautiously. "It's a time to be prudent," Richard Scott Herren, senior VP and chief financial officer, told the Nasdaq Investor Conference.
The industry is also seeing an end to the near-free money which has been sloshing around global economies for the last decade. As central banks look to raise interest rates in response to spiraling inflation, venture capitalists are making life harder for startups.
Investing in the quarter to date is down 27 percent compared with last year, while deal activity across the globe fell 23 percent, according to reports. ®
POST EARNINGS APPLE WILL DUMP HARD!!!!!!
I'M TELLING YOU!!!!!!
DO YOU UNDERSTAND?????
Apple (AAPL) No buyback expected, typically this is one of their seasonality weaker reports ahead of a new Phone release in October
By: Options Mike | July 24, 2022
• $AAPL has been very strong. No buyback expected, typically this is one of their seasonality weaker reports ahead of a new Phone release in October.
Will the guide? Car?
200D huge spot.
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Apple's rebound out of the June low is coming to an end next week
By: CyclesFan | July 23, 2022
• $AAPL's rebound out of the June low is coming to an end next week. The target is the 40 week MA at 159. After that it should start the decline to the 200 week MA, though it's probably going to start slowly with the rest of the market not expected to top until late August.
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Apple has averaged a +7% return in BOTH July & August over the past decade, making it the strongest time of the year for the giant
By: TrendSpider | July 23, 2022
• $AAPL Apple has averaged a +7% return in BOTH July & August over the past decade, making it the strongest time of the year for the giant.
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I don't know about $100, but thing is going down, maybe lower than $100...
Good call!
100 SOON AFTER EARNINGS . EUROPE AND CHINA'S NUMBERS
ARE BAAAAAAAAAD. REALLY BAAAAAAAAAD. SELL !!
APPLE WILL SOON RELEASE ITS MONKEYPOX TRACKING APP VIA FORCED UPLOADS TO IPHONE USERS!!!!!!!!!
$155.35 is the mark on aapl: This quarter will be a mess and aapl can drop a long way. We will see!
SHORTS WILL BURN - GOING TO BE FUN TO WATCH!!
Better cover shorty before you lose ALL your money. AAPL is going up - WAAAAY UP!!
WRONG! aapl quarter will be horrible!
Subscription services can power Apple back to $3 trillion and beyond – Morgan Stanley
Thursday, July 21, 2022 10:29 am
According to Morgan Stanley, Apple’s Services business is the engine that will power the company back to a market value of more than $3 trillion.
Subrat Patnaik for Bloomberg News:
While the market still tends to value [Apple] as a hardware company, shifting to a “lifetime value” based approach — which takes into account recurring revenues from services — suggests long-term upside to over $200 per share, or more than $3 trillion in market value, Morgan Stanley analysts wrote in a note.
“The Apple business model is shifting from one that maximizes hardware shipment growth to one that maximizes installed base monetization,” analysts led by Erik Woodring wrote.
Woodring, who rates Apple overweight, said that his lifetime value model assumes that Apple users will spend $2 per day on Apple products or services, a figure already achieved by US iPhone owners. The current stock price implies a material valuation discount to other tech platforms and software-as-a-service businesses,
he said.
MacDailyNews Note: Apple on January 3rd became the first company in world history to hit the $3 trillion market capitalization milestone. Apple’s market value currently stands at $2.464 trillion, making it the most valuable company in the world.
https://macdailynews.com/2022/07/21/subscription-services-can-power-apple-back-to-3-trillion-and-beyond-morgan-stanley/
AAPL IS GOING UP - FINANCIALS will be HUGELY PROFITABLE (7-28-22) - $200.00 COMING SOON (lot sooner than most people think) - DON'T MISS OUT!!
Everything around Apple in California crashing as tech companies fire workers home buyers are becoming rare commodity now.
Pending sales in California plunged by 40.6% in June from a year ago, according to the California Association of Realtors (C.A.R.).
I use fun coupons to buy apples!! Let's see what happens.
APPLE WILL SELL OFF AFTER EARNINGS!!!!! TRADE ACCORDINGLY!!!!!!
Will Apple (AAPL) Stock Boost the Market or Sink It Again?
By: TheStreet | July 19, 2022
The stock market opened higher and rallied on Monday, but it lost momentum in the afternoon. While Apple (AAPL) is usually helping the market’s cause, it sabotaged it yesterday.
In midday trading Monday, a report surfaced that Apple would slow its hiring and spending in some of its teams next year.
The fact that the S&P 500 and Nasdaq reversed lower and shifted into a selling mentality for the rest of the day shows just how fragile the market is right now.
Apple’s spending and hiring plans aren’t necessarily a big deal. But if the reports pan out, it’s the latest company — particularly in mega-cap tech — to pull in the reins when it comes to spending.
Apple would join Alphabet (GOOGL) (GOOGL) and Meta (META) in the companies’ more conservative view when it comes to the economy's short-term standing. Netflix (NFLX) is tightening its spending, too, and we’ll find out more tonight when it reports earnings.
If a majority of FAANG feels this way, it’s reasonable that investors should as well. Hence yesterday’s pullback.
With stocks again rallying on Tuesday, though, the bulls are wondering whether Apple stock can help lead the charge higher or if it will once again act as an anchor.
Trading Apple Stock
Daily chart of Apple stock.
Chart courtesy of TrendSpider.com
While we’ll hear from Netflix tonight, we won’t hear from Apple until July 28.
In the first quarter, Apple stock dipped down to $150, made a low and bounced hard. A few months later in May, it knifed through this level and the figure became resistance in June.
Now Apple is trying to push through the $150 level and the June high at $151.74. That’s the area that rejected the stock yesterday, even though a news item was what accelerated the selling pressure.
For now, the 10-day and 10-week moving averages are acting as support this week. If that remains the case, then the $150 to $152 area remains in play.
If Apple can clear this resistance zone, it will open the door to the 21-week moving average and 50% retracement near $154. Above that and the 200-day moving average and 61.8% retracement near $160 are in play.
On the downside, a break of the 10-day and 10-week moving averages puts the $142 to $143 area in play. Below that and $137 is in play, followed by a small gap-fill at $133.
For now, the bottom line is pretty simple: Apple is again struggling with resistance but is so far putting in an inside day. In other words, both support and resistance are still in play and we must wait to see which one breaks next.
On the upside, $150 to $152 is the area to watch, while $146 to $146.50 is the zone to watch on the downside.
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AAPL IS GOING UP - $200.00 COMING SOON (sooner than you think) - DON'T MISS OUT!!
Apple to Slow Hiring, Spending to Deal with Economic Downtown, Bloomberg Reports
July 18 2022 - 04:06PM
Dow Jones News
By Denny Jacob
--Apple Inc. plans to slow hiring and spending growth next year in some divisions to deal with a potential economic downtown, Bloomberg reported, citing people familiar with each matter.
--The tech giant's decision stems from a move to be more careful during uncertain times, though it isn't a company wide policy, the report said.
--The changes won't affect all teams, and Apple is still planning an aggressive product launch schedule in 2023 that includes a mixed-reality headset, Bloomberg reported.
--Representatives for Apple didn't immediately respond to a request for comment from Dow Jones Newswires.
Full story at https://www.bloomberg.com/news/articles/2022-07-18/apple-to-slow-hiring-and-spending-for-some-teams-next-year?sref=b0us4KbN
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/88615558/apple-to-slow-hiring-spending-to-deal-with-econom
AAPL Wealth management now selling shares . https://www.defenseworld.net/2022/07/18/apple-inc-nasdaqaapl-shares-sold-by-busey-wealth-management-2.html
TO ALL: ONE WORD : SELL !!!!!!!!!!!!!!!
Apple Stock: Intriguing Value Amid Market Storm
AAPL Source: TipRanks
In the classic disaster movie, The Towering Inferno, faulty engineering causes an electrical short which sets off a fire in the world's tallest building. Following which, there is initially a sense the accident can be contained, and the fire swiftly put out, but it turns out that was merely wishful thinking and after brief interludes of hope, more setbacks ensue until disaster finally unfolds. This is an unintended parable for the current state of the economy, so says Monness analyst Brian White, who believes it will take a “deluge of extraordinary forces to put out this blaze and avoid further destruction.
Apple to slow hiring, spending for some teams next year - Bloomberg
07/18/2022 | 01:43pm
July 18 (Reuters) - Apple Inc intends to slow hiring and spending growth next year in some units to cope with a potential economic downturn.
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Posts (Total)
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147202
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Created
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06/19/00
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Free
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Moderators DiscoverGold Investors3 |
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