Tag: apple stocks

Apple Leads $383 Billion Tech Rout in Reversal From Group’s 2023 Rally
4Jan By adminNo Comments
Technology

Apple Leads $383 Billion Tech Rout in Reversal From Group’s 2023 Rally

[ad_1] The largest technology stocks that lifted the broader market last year are having a less-rosy start to 2024. The so-called Magnificent Seven, which includes Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., slipped for the last four trading days, the longest losing streak in a month, according to the Bloomberg Magnificent 7 Price Return Index. Shares of Apple, down 4.6% in the time period, lead the slump that's erased $383 billion in market value. The Nasdaq 100 Index has also fallen in the last four trading days.  “We don't know if last year's rally has fully ended, but it is completely normal to expect markets will pull back after a rally like we saw,” said Steve Sosnick, chief strategist at Interactive Brokers Group....
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Apple’s Huge Buybacks Matter as Much to Investors as iPhones and Macs
18Apr By adminNo Comments
Technology

Apple’s Huge Buybacks Matter as Much to Investors as iPhones and Macs

[ad_1] One of the most important numbers in Apple Inc.'s upcoming earnings report has nothing to do with iPhones or Mac computers. It's the amount of money the technology giant plans to spend repurchasing its own shares.Speculating on the size of the outlay has become a sort of annual parlor game on Wall Street as Apple's capital return plans have emerged as one of the big draws for investors amid slowing revenue growth and economic uncertainty. For the year ahead, some analysts expect the Cupertino, California-based company to commit $90 billion to repurchases, the same as last year. Apple has historically reported its buyback plans in its fiscal second-quarter results, which are slated for May 4. For investors, the firm's buybacks have come to act as “a sign of their confidence in the...
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Apple’s $165 Billion Cash Hoard Creates M&A Mirages
7Apr By adminNo Comments
Technology

Apple’s $165 Billion Cash Hoard Creates M&A Mirages

[ad_1] Apple Inc.'s slowing growth and cash-rich balance sheet are again fueling speculation that the world's most valuable company should make a big acquisition.Entertainment giant Walt Disney Co. recently joined a long list of potential acquisition targets that over the years has grown to include Netflix Inc., Tesla Inc., Peloton Interactive Inc. and Sonos Inc. They all have one thing in common: Anyone betting that Apple would buy them has so far been sorely disappointed. “You're probably missing the value of the business if you think the key catalyst for investment is a major acquisition,” said Kevin Walkush, portfolio manager at Jensen Investment Management. “It's a low-probability bet.” Apple is famous for eschewing splashy acquisitions in contrast with peers like Microsoft Corp. a...
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Apple Slips After iPhone and Services Revenue Comes in Light
28Oct By adminNo Comments
Technology

Apple Slips After iPhone and Services Revenue Comes in Light

[ad_1] Apple Inc. delivered just enough good news in its quarterly report to avoid the fate of most tech giants this earning season. Apple Inc. delivered just enough good news in its quarterly report Thursday to avoid the fate of most tech giants this earning season, when its peers have seen valuations plunge by hundreds of billions of dollars. Though sales of iPhones and services were softer than expected last quarter, Apple's revenue and profit both topped analysts' estimates. The company said that growth wouldn't be as strong during the current period, but investors found enough optimism to send the stock higher in late trading Thursday. That provided a sharp contrast with Alphabet Inc., Amazon. com Inc., Meta Platforms Inc., Microsoft Corp. and others, which all delivered glo...
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Alphabet, Microsoft Lead Bear-Market Earnings Season
25Oct By adminNo Comments
Technology

Alphabet, Microsoft Lead Bear-Market Earnings Season

[ad_1] Investors are facing a make-or-break week for some of Wall Street’s most influential tech stocks in a historic year for the group marked by a plunge into bear market territory. Investors are facing a make-or-break week for some of Wall Street's most influential tech stocks in a historic year for the group marked by a plunge into bear market territory. The superlatives have followed one after another in 2022's wild ride. Shares of Meta Platforms Inc. have lost 61%, their biggest drop since the company went public a decade ago. Apple Inc., Alphabet Inc., Amazon.com Inc. and Microsoft Corp. are set for their steepest declines since the global financial crisis. Now, these companies are slated to report quarterly results this week with projections showing a profit decline by th...
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Tesla Stock Rises as Unlikely Rival to Apple
27Sep By adminNo Comments
Technology

Tesla Stock Rises as Unlikely Rival to Apple

[ad_1] In a year that has seen tech stocks battered, Tesla stock has emerged as an unlikely rival to Apple Inc. In a year that has seen high-flying technology stocks with lofty valuations battered, Tesla Inc. shares have emerged as an unlikely rival to Apple Inc. Of the five biggest US companies by market value, Tesla's shares are by far the most expensive, yet they're the only ones whose performance comes close to Apple's, which has been a rare bright spot for investors in the sector this year. Tesla is down 22% this year while Apple has fallen 15%. By contrast, Microsoft Corp., Alphabet Inc. and Amazon. com Inc. have all declined 29% or more, roughly the same as the Nasdaq 100 Index. On the surface, Tesla appears to be...
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