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AAPL News Highlights
- For AAPL, its 30 day story count is now at 73.
- Over the past 29 days, the trend for AAPL's stories per day has been choppy and unclear. It has oscillated between 1 and 29.
- The most mentioned tickers in articles about AAPL are OG, TD and AMP.
Latest AAPL News From Around the Web
Below are the latest news stories about APPLE INC that investors may wish to consider to help them evaluate AAPL as an investment opportunity.
With signs of slowing demand for the iPhone 14 in the first few weeks after launch, we think financial estimates are far too rosy for Apple Inc. (AAPL). I expect analyst estimates for 2022 and 2023 will start coming down in the next few weeks to reflect reality. Furthermore, with the stock still trading at almost 25x Fwd P/E, high by historical standards, I think there is a substantial downside to the stock price. I would recommend investors stay on the sidelines.
China Loves Apple
Many asset classes declined over the last few quarters: Gold (GLD) was losing value (compared to the USD), stocks were not a good investment, the real estate market seems to tumble and even the often annoying "To The Moon" boys and girls are rather silent which is a refreshing change of pace. But great investment opportunities are not made during euphoria and when everybody is screaming "To the moon" - great investment opportunities are made when these voices are going silent or are advising against investing.
So, let's look at the market and try to find out if we are already looking at bargains and if the time has come to invest in stocks.
There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Apple (AAPL – Research Report), Par Technology (PAR – Research Report) and Wix (WIX – Research Report) with bullish sentiments. Apple (AAPL) In a report released today, Samik Chatterjee from J.P. Morgan maintained a Buy rating on Apple, with a price target of $200.00. The company's shares closed last Wednesday at $149.84. According to TipRanks.
The market is giving up most of its yesterday’s gains today and big names in technology are leading the slide. Here are the biggest tech decliners today NVIDIA Corp (NASDAQ:NVDA) The chipmaker is down as gyrating currency markets continue to exact a toll. The street still sees a 69.85% potential upside with a $207.13 price target but remains cautious with a Moderate Buy consensus rating for NVDA stock. Tesla (NASDAQ:TSLA) Tesla’s AI day tomorrow will be keenly watched. Further, Optimus and updates on driving software could be the harbingers of the things to come. The Street though remains cautious with a Moderate Buy consensus rating alongside a $311.
Shares of Apple (NASDAQ: AAPL) were down in pre-market trading on Thursday after Bank of America analyst Wamsi Mohan downgraded the stock to a Hold from a Buy and slashed the price target to $160 from $185, while also lowering FY23 estimates. The analyst commented in his research note to clients, "We see risk to this outperformance over the next year, as we expect material negative [estimates] revisions driven by weaker consumer demand (Services already in slowdown and we expect products to follow)." The top-rated analyst also lowered his FY23 revenue estimates to $379 billion and earnings of $5.87 per share.
AAPL has lost around 18% this year but continues to show some stellar performance over longer periods of time with 5 years return seen at 289%.
Wall Street's blink-and-you'll-miss-it rally is already over.
So much for Wednesday's bounce. The S&P 500 tumbled to bear market lows as Apple, Tesla and CarMax sold off. Nike plunged late on inventory woes.
The specialty tech company's share price suffered a nearly 4% decline, nearly double the 2.1% drop of the S&P 500 index on the day. It's only a slight exaggeration to say that when tech titan Apple (NASDAQ: AAPL) sneezes, Skyworks catches a cold. Apple is a major customer for Skyworks' radiofrequency (RF) solutions, which it packs into its ever-popular line of mobile devices.