Markets

Apple sheds 8% in worst day of trading since late March

Summary List Placement Apple shed as much as 8% on Thursday in its worst day of trading since late March. The technology company has shed nearly 9% since Tuesday. On Monday, Apple’s 4-for-1 stock split went into effect. Watch Apple trade live on Markets Insider. Read more on Business Insider. […]
Apple sheds 8% in worst day of trading since late March
Markets

US stocks trade mixed amid strong earnings and healthy Chinese manufacturing data

US stocks fluctuated on Tuesday as investors mulled corporate earnings and encouraging economic data out of China. Zoom Technologies leaped alongside other work-from-home stocks after trouncing Wall Street’s second-quarter estimates and raising its forward guidance. A private gauge of small Chinese manufacturers gained in August to its highest level since […]
US stocks trade mixed amid strong earnings and healthy Chinese manufacturing data
Markets

Dow tumbles 350 points as major tech earnings land short of hopes

US stock indexes slid on Friday after quarterly reports from mega-cap tech players disappointed investors. Amazon’s first-quarter profit landed below Wall Street estimates, while Apple’s decision to withhold guidance for the first time in a decade dragged on trader sentiments. Oil extended its rebound to a third day, with WTI […]
Dow tumbles 350 points as major tech earnings land short of hopes
Markets

Microsoft saw $62 billion of market value erased after it said coronavirus will hit profits this year. Here are 6 other companies that have issued similar warnings — and how much they have lost

Several companies have lowered or withdrawn their forward-looking revenue estimates as the coronavirus tears into operations. Microsoft was the most recent to warn investors of the outbreak’s effect on financials, announcing Wednesday its Windows and Surface businesses would see worse-than-expected sales due to supply chain disruption. The announcement drove Microsoft […]
Microsoft saw $62 billion of market value erased after it said coronavirus will hit profits this year. Here are 6 other companies that have issued similar warnings — and how much they have lost
Markets

These were the 10 most-held stocks in hedge funds last quarter

The fourth quarter’s disclosures for large investment funds were filed by February 15. For the equities world, they offer insight into how interested the sector is in stocks as an asset overall, and which companies in particular are garnering attention. An analysis from Novus that aggregated 13-F filings found that […]
These were the 10 most-held stocks in hedge funds last quarter
Markets

‘Tough pill to swallow for the bulls’: Here’s what 4 Wall Street analysts are saying about Apple’s coronavirus-stricken sales forecast

Apple shares sank in Tuesday trading after the company warned quarterly revenue would fall below initial estimates, but analysts aren’t fazed. Most research firms remain bullish toward the tech giant, praising its diversification of revenue streams, surging Services business, and upcoming 5G iPhone lineup. Revenue lost during the second quarter […]
‘Tough pill to swallow for the bulls’: Here’s what 4 Wall Street analysts are saying about Apple’s coronavirus-stricken sales forecast
Markets

Apple hits new all-time high after iPhone demand shatters sales records

Apple stock leaped as much as 2.8% in early Wednesday trading, hitting a record high after the company topped estimates for its fiscal first quarter. The tech giant bested expectations for quarterly revenue and earnings, fuelled by robust iPhone sales and a rapidly expanding wearables business. The company’s fiscal second-quarter […]
Apple hits new all-time high after iPhone demand shatters sales records
Markets

Apple has a new fan on Wall Street — and this analyst says the company’s cash position and product innovation could drive a 14% gain in the stock over the next year

Apple got a new supporter on Wall Street on Wednesday, as RBC Capital Markets analyst Robert Muller initiated coverage of the iPhone maker. Muller gave Apple an “outperform” rating and $US295 price target, representing about a 14% premium from where shares traded on Wednesday. The analyst views the company’s ability […]
Apple has a new fan on Wall Street — and this analyst says the company’s cash position and product innovation could drive a 14% gain in the stock over the next year
Markets

Apple’s stock posted record highs after blockbuster earnings — but these 3 worries stood out on the analyst call

Apple’s fiscal fourth-quarter report offered little bad news, with sales and profits surpassing analyst expectations. CEO Tim Cook’s call with analysts offered additional detail around the company’s strong trends, but also included a few warnings for what may threaten Apple’s hot streak. Analysts’ concerns around foreign exchange losses, TV Plus […]
Apple’s stock posted record highs after blockbuster earnings — but these 3 worries stood out on the analyst call
Tech

The solution to Apple’s problems is easy: Release a cheaper iPhone

Apple blamed a collapse in China for what it expects to be an unprecedented revenue shortfall in its most important quarter. Apple says it missed its own revenue projection by at least $US4 billion. There are a lot of factors, but one is clear: Apple’s iPhones have gotten more expensive, […]
The solution to Apple’s problems is easy: Release a cheaper iPhone
Tech

Apple lost $9 billion buying back its own stock in 2018

Apple spent nearly $US63 billion on share buybacks in 2018 so far, not including the fourth quarter. Some of those purchases were at the stock price of $US222, but now it is trading at $US156 per share. The value of Apple’s buybacks is $US9 billion less than when Apple purchased […]
Apple lost $9 billion buying back its own stock in 2018
Tech

Apple’s stock just went into the red for the year

Apple stock closed at $US168.49 on Friday, sliding more than 3%. Apple is now down for the year. On the last day of trading in 2017, December 29, it closed at $US169.23. Apple stock has had a wild year of ups and downs. It gained through the first nine months […]
Apple’s stock just went into the red for the year
Tech

Goldman Sachs is sounding the alarm on Apple

Goldman Sachs became the latest bank to become more bearish on Apple in a note distributed on Tuesday. The analysts said they are worried that “end demand for new iPhone models is deteriorating.” The note comes days after several reports have come to similar conclusions. Apple stock has been sliding […]
Goldman Sachs is sounding the alarm on Apple
Tech

Seats are going to be limited at Apple’s annual shareholders meeting

Apple announced the date for its annual shareholders meeting. It’s taking place on February 12 at the Steve Jobs Theatre on Apple’s new campus. Passes to the meeting will be given to shareholders on a first-come, first-served basis. Even if you’re an Apple shareholder, you might not be able to […]
Seats are going to be limited at Apple’s annual shareholders meeting