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This Week’s Stock Picks & BNN Top Picks Summary: DCBO-T, IGM-T and 22 Stock and 2 ETF Top Picks (Nov 24-30)Markets rally to strongest week this year13 Recession-Proof Stocks for Portfolio SafetyLooking ahead, shares could raise on rising sales of their new iPhone and better service revenues, not to mention show dramatic growth in India to quell investor fears over China.
People are too worried about the short term headwinds. It is still a great story with great products including new ones coming out. There is long term opportunity in the service part of the business where there are better margins. Also this part is not cyclical like the hardware division.
Chart indicating a good time to buy. Recently bounced off bottom. Would be a good investment for long term investors. Excellent company. Bell weather for markets in general.
Perceived headwinds were weak Chinese demand and weak demand for the new phone, but the story is more about the services stream and its strong revenues. Plus, China turned out to be just fine.
A no-growth, but overall a good quarter they just delivered. Their services revenues are up 16%, a higher-margin business than hardware. You must consider services when you look at Apple. Their long-awaited multiple expansion is here now.
It beat estimates last night, but offered weaker guidance and declining revenues. And yet it is down less than 1% today. Why? The put-to-call skew was at the 80th percentile, favouring puts. We haven't had this kind of bearish representation for Apple in 5 years. The market needed something really bearish in the Apple report to extend negative sentiment.
Transitioned well from products to services. Once you're in the ecosystem, it's hard to get out and you'll just pay the higher price for services. Services side will continue to grow, even if weak product numbers. Growth may slow down a bit. He'd welcome returning some of their vast amounts of money to shareholders.
Are concerns with how hot the new phone is. There may be a software upgrade to fix that, but not sure. Some consumers are holding off on buying. Meanwhile, in China, Apple faces competition from Huawei whose sales are rising. Watch earnings on Thursday.
Questions on whether iPhone can growth further. Ability to sell services to wide range of customers since everybody owns an iPhone. Very good business. Will hold for the long term.
It reports Thursday and that could determine what happens in tech until Nvidia reports on Nov. 21. That's how important Apple is. It needs to deliver a good quarter and one that the market will give credit for. But many are betting it will slash its forecast.
He just bought Apple puts. They report next week and he expects their comments to be negative. In China, Huawei is gathering market share from Apple, while Beijing is saying, Don't buy Apple phones. That's why Apple phone production is shifting from China to India. Apple is not showing growth in hardware. Same with services. The stock is overvalued. That said, if share get crushed next week, he would be the first to buy them, because there's an insatiable appetite for them.
He's been writing many calls on this the past 3 months. If this pulls back next Thursday when it reports, he will add to his holding. Earnings may not be great, but he will own this the long term. Also, the PE has declined.
It trades at a premium, because they have durable earnings. It just broke below its 200-day moving average, and she expects weakness going into next Thursday's report. But she would buy on weakness after this report.
There are some increased tensions between the U.S. and China and the latest i-phone is not selling as well as expected. However it has great cash flow and is profitable. It has a good future and upside potential on the services side. You could wait because of the the macro environment.
Apple Inc is a American stock, trading under the symbol AAPL-Q on the NASDAQ (AAPL). It is usually referred to as NASDAQ:AAPL or AAPL-Q
In the last year, 64 stock analysts published opinions about AAPL-Q. 43 analysts recommended to BUY the stock. 11 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Apple Inc.
Apple Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Apple Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
64 stock analysts on Stockchase covered Apple Inc In the last year. It is a trending stock that is worth watching.
On 2023-12-01, Apple Inc (AAPL-Q) stock closed at a price of $191.24.
Apple Inc. is an American multinational technology company headquartered in Cupertino, California. Apple is the worlds largest technology company by revenue, with US$394.3 billion in 2022 revenue. As of March 2023, Apple is the worlds biggest company by market capitalization. Social media mentions are up 107% in the past 24h.