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Apple's Q2 Earnings: Mixed Bag with Share Buyback Boost Apple's fiscal second-quarter earnings report presented a mixed picture for investors. While earnings per share (EPS) surpassed Wall Street expectations, overall revenue and iPhone sales experienced a decline. However, the company's massive share buyback announcement signaled confidence in its future. Earnings Beat Expectations, Revenue and iPhone Sales Fall Apple reported earnings per share of $1.52, exceeding analyst estimates of $1.48. This indicates that the company remained profitable, with each share of Apple stock generating slightly more income than anticipated. However, the news wasn't entirely positive. Total revenue for the quarter dropped 4% year-over-year to $89.5 billion. This decline highlights a slowdown in overall business compared to the same period last year. Further dampening investor sentiment was a 10% year-over-year decline in iPhone sales. This, Apple's flagship product, is a crucial source of revenue for the company. The decrease suggests a potential softening of demand or increased competition in the smartphone market. Tim Cook Cites Difficult Comparisons Apple CEO Tim Cook offered some context for the declining revenue and iPhone sales. He attributed the figures to a "difficult comparison" to the stellar performance of the same quarter in 2023. Last year's Q2 saw a surge in demand for Apple products due to factors like pandemic-driven remote work and learning. Share Repurchase Announcement: A Confidence Signal Despite the decline in revenue and iPhone sales, Apple made a bold move by announcing a staggering $110 billion share repurchase program. This is the largest such program in the company's history. Share repurchases, also known as stock buybacks, involve a company buying back its own shares from the market. This can have several implications: • Boosting Stock Price: By reducing the number of shares outstanding, buybacks can increase the earnings per share (EPS) ratio, potentially making the stock more attractive to investors. • Signaling Confidence: A large buyback program can be interpreted as a sign of management's confidence in the company's future prospects. They are essentially using excess cash to invest back into the company itself. • Returning Value to Shareholders: Buybacks are a way for companies to return excess cash to shareholders. This can be particularly appealing to investors seeking to generate income from their holdings. Looking Ahead: A Balancing Act Apple's Q2 earnings report presents a company navigating a dynamic market landscape. While EPS exceeded expectations, declines in revenue and iPhone sales raise questions about future growth. The massive share repurchase program indicates a commitment to shareholder value, but the effectiveness of this strategy hinges on Apple's ability to reignite revenue growth. Investors will be closely monitoring upcoming reports and developments to assess Apple's ability to overcome these challenges and maintain its position as a tech industry leader.
NASDAQ:AAPLLong
by bryandowningqln
Apple sees drop in revenue and net incomeApple delivered its financial results for the second quarter of fiscal year 2024. According to the report, the company generated revenue worth $90.753 billion, down 4.3% YoY, and net income of $23.636 billion, representing a decrease of 2.16% YoY. Operating income amounted to $27.9 billion for the same period, falling 1.5% YoY. In addition to that, Apple announced the largest share buyback program in the company’s history, amounting to $110 billion. Net revenue = $90.7 billion (-4.3% YoY) vs. $94.8 billion in FY2Q23 Net income = $23.6 billion (-2.16% YoY) vs. $24.1 billion in FY2Q23 Operating income = $27.9 billion (-1.5% YoY) vs. $28.3 billion in FY2Q23 Earnings per share = $1.53 (0% YoY) vs. $1.53 in FY2Q23 Illustration 1.01 The illustration above shows Apple's price action in the aftermarket, with shares soaring more than 7%. Additional information Operating costs rose 5.2% YoY to $14.3 billion. iPhone sales fell 10.4% YoY. Mac sales increased nearly 4% YoY. iPad sales went down 16.6% YoY. Sales in the wearable, home, and accessories category dropped 9.6% YoY. Revenue from services grew by 14.1% The company’s liabilities declined by about 9.4% YoY. Apple increased its dividend to $0.25 per share. Forward guidance Apple did not provide any forward guidance. However, its CEO, Tim Cook, said the company plans to announce in regard to artificial intelligence. On top of that, he expressed optimism about the company’s operations in China. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:AAPL
by Tradersweekly
APPLE This is why you should not miss this buy opportunity.Apple (AAPL) dived by -18% from the December 14 2023 High and following yet another rejection on its 1D MA50 this week, many turned increasingly skeptical over the stocks future. On this chart however, we examine Apple's ratio against Nasdaq (NDX) and gives a very clear answer. As you can see, the ratio is about to form a Death Cross on the 1W time-frame, with the price attempting a rebound after having been hammered below the 1W MA200 (orange trend-line). In the past 11 years, every time the ratio was below its 1W MA200 (green arc) and on a 1W Death Cross in particular, that was the market bottom and Apple largely outperformed the rest of the index. In fact the minimum it rose by until the next large correction was +53.54% and the maximum +95.31%. In 1W RSI terms, this bottom is very similar to January 2013, when the RSI also got extremely oversold at 20.00. Bottom-line: Apple is most likely expected to outperform the index in the coming years, thus presenting a very rare long-term buy opportunity. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AAPLLong
by TradingShot
5
AMAZON 189 AFTER OR BEFORE EARNINGS ?Reasons Why !! Key Financial Insights: Stock Price: Amazon’s stock reached a peak of $189.77 on April 11, 2024, showcasing a remarkable uptrend1. Market Performance: The company’s strong market performance is evident as the stock price hovers close to its 52-week high. Behind the Surge: Amazon continues to dominate the e-commerce space with innovative strategies and a customer-centric approach. The company’s expansion into new markets and consistent investment in technology and infrastructure contribute to its financial health. Investor Confidence: The rise to $189 signifies a vote of confidence from investors who are optimistic about Amazon’s direction and leadership. Analysts remain bullish on the stock, with projections of further growth and a positive outlook for the company’s profitability
NASDAQ:AMZNLong
by NYRUNSGLOBAL
2
APPLE Technical Analysis! SELL! My dear followers, I analysed this chart on APPLE and concluded the following: The market is trading on 169.28 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 167.62 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
NASDAQ:AAPLShort
by AnabelSignals
1
APPLE The Target Is UP! BUY! My dear friends, Please, find my technical outlook for APPLE below: The price is coiling around a solid key level - 164.94 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 170.59 Safe Stop Loss - 161.57 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
NASDAQ:AAPLLong
by AnabelSignals
2
EURUSD LONG TERM IDEA TO 1.0850FX:EURUSD LONG TERM LONG IDEA 1.0850 TP As we navigate through the complexities of the forex market, the EUR/USD pair has been a focal point for traders worldwide. With the current exchange rate hovering around 1.07 USD for 1.00 EUR1, the question on everyone’s mind is whether the Euro can strengthen to reach the 1.0850 mark against the US Dollar in the upcoming month. Recent trends have shown the Euro attempting to find its footing, with analysts noting a mix of hesitation and positive momentum23. The currency pair has been working against significant downward pressure but remains within a consolidation area, suggesting a potential for upward movement. The financial world is abuzz with speculation, as some experts hint at the possibility of the EUR/USD pair falling to parity4, while others see a glimmer of hope for the Euro to rally. Support levels are currently set around 1.05164, with resistance levels at 1.08848, indicating that the 1.0850 price point is within reach, should the market conditions favor the Euro5. Investors and traders are advised to keep a close eye on the upcoming economic data releases and policy decisions from both the European Central Bank (ECB) and the Federal Reserve (Fed). These events could significantly influence the direction of the EUR/USD exchange rate. As we approach the next month, the anticipation builds. Will the Euro rise to meet the 1.0850 challenge, or will the US Dollar maintain its dominance? Only time will tell, but one thing is certain—the forex market remains an exciting arena for those with the acumen to navigate its waves.
Long
by NYRUNSGLOBAL
2
JP Morgan Chase & Co. Hitting The Top The JPMorgan Chase CEO's WSJ was interviewed recently with Wall Street Journal Editor-in-Chief Emma Tucker, for a range of topics. JPMorgan Chase & Co. Chief Executive Jamie Dimon ranked geopolitics as his top worry and said he's less optimistic about a soft landing than Wall Street in an interview on Thursday. While Wall Street seems to be betting of a roughly 70% chance of avoiding a recession in a so-called soft landing in the economy, Dimon said he sees the odds about half that. The green economy, the remilitarization of the world, fiscal deficits and geopolitics are all factors that could keep inflation higher for longer, he said. "When I look at the range of possible outcomes, you can have that soft landing," Dimon said. "I'm a little more worried it may not be so soft and inflation may not quite go away as people expect. I'm not talking about this year - I'm talking about 2025 or 2026." While the economy continues to do well for the majority of Americans due to low employment, rising home values and stronger stock prices, the threat of slow growth and inflation - stagflation - from roughly 45 to 50 years ago could return. "It looks a little bit like the 70s to me," Dimon said. "Things looked pretty rosy in 1972. They were not rosy in 1973. Don't get lulled into a false sense of security." Dimon said he has "enormous respect" for Jerome Powell when asked whether the Fed chairman is doing a good job as the central bank signals that it's not in a hurry to cut interest rates. "I think the Fed was probably late in raising rates," Dimon said. "They caught up. They're probably right in watching right now. We don't know what's going to happen. They might as well wait." Dimon declined to state a preference in presidential candidates and said the bank would work with whomever is in the White House. Biden's economic policies are working "partially," he said, party due to the huge amounts of economic stimulus such as the Bipartisan infrastructure bill, which Dimon praised. But the bottom 20% of wage earners in the U.S. continues to struggle. "If you go to rural America, or inner cities, I'm not sure they feel they're being lifted up by this economy," he said. He avoids social media but said he pulls up popular destinations such as TikTok once a year to see what's happening on them. "I am not a fanatic on the phone....I think people should spend a little less time on that and a little more time thinking," Dimon said. "I'm not on any social media." In technical terms, JPMorgan Chase's stock (JPM) has risen 14.43% so far in 2024 (compared to a 7.48% gain by the S&P500), hit the Upper side of Long-Term upside channel near $200 per share, able to further technical declines.
NYSE:JPM
by Pandorra
APPLE Bouncing off extremely strong Support Cluster.Apple (AAPL) completed yesterday 3 straight green 1D candles, the longest such bullish streak in 3 months (since January 25). The rebound has been initiated inside the Lower Highs Zone that started after Apple's former All Time High (ATH) on January 04 2022. The are a lot of recurring patterns involved as well, with one being that the current Channel Down that started on the December 14 2023 High, was rejected on the Resistance Zone that the previous Channel Down also did on the July 19 2023 High. That one made a Double Bottom on the Former ATH Lower Highs Zone after a rejection marginally above the 1D MA50 (blue trend-line) before rebounding. With the 1D RSI within a Channel Down as well since that High and having rebounded from its lowest level since February 2018, we have a very strong case for buying Apple, at least on the medium-term, targeting again the Resistance Zone's bottom at $198.00. If it follows the pattern of the 2023 rally, we can even see it hitting the 1.382 Fibonacci extension at $211.00 or even higher by the end of the year since the pattern that on the January 03 2023 market bottom, is a Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AAPLLong
by TradingShot
Bullish Market on AppleEsteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody
NASDAQ:AAPLLong
by mehdi47abbasi79
AAPL Apple and the DOJ Antitrust LawsuitAfter the previous price target was reached: Warren Buffett has been a prominent supporter of Apple (NASDAQ: AAPL) in recent years. However, there is speculation that his enthusiasm for the stock may have diminished. In the fourth quarter of 2023, Berkshire Hathaway reduced its holdings in the tech giant. This move occurred before the U.S. Department of Justice (DOJ) announced that it, along with 16 state and district attorneys general, was suing Apple for alleged violations of antitrust laws. The question now arises: Will Buffett continue to sell off Apple stock in response to the DOJ antitrust lawsuit — and should others consider following suit? The complaint filed by the department in the U.S. District Court for the District of New Jersey outlined various allegations against Apple, including that the company: - Prevented the availability of iPhone apps designed to facilitate easier transitions to alternative smartphone platforms for consumers. - Hindered the advancement of mobile cloud streaming services enabling consumers to play video games without necessitating expensive smartphone hardware purchases. - Excluded messaging apps on iPhones that seamlessly operate across different smartphone platforms. - Restricted the capabilities of competitors' products in comparison to the Apple Watch. - Constrained competing digital wallets by prohibiting apps from enabling users to utilize tap-to-pay functionality. My price Target for AAPL is now $165.
NASDAQ:AAPLShort
by TopgOptions
5
AAPL → a double top?!hello guys... apple broke the descending trendline and after that made double top! however, the neckline has not broken yet! if the yellow area breaks down we can expect a downward movement toward the blue area! so the target will be 144$ ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
NASDAQ:AAPLShort
by melikatrader94
3
Apple Struggles in China as Huawei Stages Smartphone ComebackThe Chinese smartphone market, a crucial battleground for tech giants, is witnessing a significant shift. According to research firm Counterpoint, Apple has experienced a concerning 19.1% decline in iPhone sales during the first quarter of 2024. This slump comes in stark contrast to the impressive 69.7% surge in smartphone sales enjoyed by China's own Huawei over the same period. This news paints a worrying picture for Apple's dominance in the world's largest smartphone market. The reasons behind the decline are multifaceted. Some analysts point towards a slowdown in overall smartphone sales in China. However, Huawei's impressive growth suggests a deeper issue specific to Apple. One potential factor is the recent launch of Huawei's Mate 60 smartphone. This flagship device boasts a powerful, next-generation 5G chip, potentially enticing consumers looking for cutting-edge technology. Apple's latest iPhone offerings might not have possessed the same level of innovation in the eyes of Chinese consumers. Another possibility lies in the ongoing geopolitical tensions between the United States and China. Nationalistic sentiment could be driving Chinese consumers towards domestic brands like Huawei, especially considering the ongoing US sanctions against the company. This could be further amplified by any negative media coverage surrounding Apple. Furthermore, Apple's premium pricing strategy might be hindering sales in a market increasingly focused on affordability. While the iPhone is known for its quality and brand recognition, competitors like Huawei are offering compelling features at a more competitive price point. This could be particularly appealing to budget-conscious consumers. The decline also raises questions about the effectiveness of Apple's marketing strategy in China. Perhaps the company hasn't effectively communicated the value proposition of its latest iPhones to the Chinese market. Cultural nuances and a deeper understanding of consumer preferences might be crucial in reigniting sales. Looking ahead, Apple will need to take decisive action to address this challenge. Here are some potential strategies the company could consider: • Product Innovation: Introducing features that resonate with Chinese consumers, potentially focusing on advancements in areas like camera technology or integration with popular Chinese social media platforms. • Localization: Tailoring marketing campaigns and product offerings to cater to the specific tastes and preferences of the Chinese market. This could involve collaborating with local influencers or offering unique features specific to China. • Competitive Pricing: Re-evaluating its pricing strategy in China. While maintaining its brand image, exploring options to make iPhones more accessible to a wider range of consumers. • Partnerships: Potentially forging strategic partnerships with Chinese firms to improve brand image and distribution channels. The Chinese smartphone market is fiercely competitive, and Apple's recent decline serves as a wake-up call. While the company still boasts a loyal customer base globally, it needs to adapt and innovate to maintain its position in China. Addressing the issues discussed above could help Apple regain its footing and ensure its long-term success in this crucial market. This situation also highlights the rise of Chinese tech giants like Huawei. With a strong focus on innovation and a deep understanding of their domestic market, these companies are increasingly challenging established players like Apple. The global smartphone landscape is likely to see a fascinating battle unfold in the coming years, with Chinese firms potentially shaping the future of the industry.
NASDAQ:AAPLShort
by bryandowningqln
TESLA 130 AFTER EARNINGS !! High Valuation: Tesla’s market capitalization has skyrocketed in recent years, leading some to argue that its current valuation is not justified by its earnings or sales figures. If these critics are correct, Tesla’s stock could be overpriced, and a market correction could be on the horizon. 2. Competition: The EV market is becoming increasingly crowded. Traditional automakers like General Motors and Ford are ramping up their EV production, and newcomers like Rivian are making waves as well. Increased competition could erode Tesla’s market share. 3. Regulatory Risks: Tesla operates in a highly regulated industry. Changes in policies related to EVs, self-driving technologies, or environmental standards could have a significant impact on Tesla’s operations. 4. Production and Delivery Challenges: Tesla has faced criticism for production delays and quality control issues in the past. If these problems persist, they could harm Tesla’s reputation and bottom line.
NASDAQ:TSLAShort
by NYRUNSGLOBAL
APPLE $AAPL | APPLE BEARISH PRICE CHANNEL - Apr. 9th, 2024APPLE NASDAQ:AAPL | APPLE BEARISH PRICE CHANNEL - Apr. 9th, 2024 BUY/LONG ZONE (GREEN): $173.50 - $181.50 DO NOT TRADE/DNT ZONE (WHITE): $168.15 - $173.50 SELL/SHORT ZONE (RED): $161.50 - $168.15 Weekly: Bearish Daily: Bearish 4H: Bearish NASDAQ:AAPL price has been slowly moving through my previous DNT zone but was taking some time. I decided to make a new analysis with current structure and levels that I view as important. I made new targets for the bulls and the bears, but have kept the most recent targets still shown on the charts. Looking at the 4H timeframe NASDAQ:AAPL price has displayed strong bearish momentum, a correction, and then downwards continuation before it began to range through the descending channel. There has been bearish structure shown on the Weekly, Daily, 4H, and lower timeframes so I am leaning towards looking for shorts to follow the trend. Previous targets are still shown and will be linked below. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, apple, aapl, $aaple, applestock, applestock, appleprice, appleanalysis, applestockanalysis, applestocktrend, appletrend, applepricedrop, applelong, appleshort, aaplshort, aapllong, aapltrend, applechannel, applebearishchannel, applepricechannel, applepricerange, pricerange, rangetrading, descendingchanel, bearishchannel, bearishpricechannel, pricechannel, bearishchannel, applecar, applenews, appletv, appleupdates, flag, chartpatterns, patterntrading, chartpatternsonapple, appleoptions, applecalls, appleputs, cpi, cpireport, inflation, inflationreport, applefundamentals, appletechnicals, techstocks, nasdaq, us100, nasdaqapple,
NASDAQ:AAPLShort
by TonyAiello
BItCOiNa has a path to 120k and you aren't gonna like itI mean, this is it. It run up to 120k right to the number. but the rejection needs to be seen around 76-81 and maybe 84 but idk yet. It would absolutely covid crash the price and wick it down to like almost zero. The return and I imagine where most people get in will be right around 25k maybe 29k. It climbs really fast at that point. retraces into may and june and then we get a big push to 1.2mil to round out the year. Then big crash. That is all should this scenario play out. Otherwise this chart is worthless. I'm telling you, this is a very real scenario that could occur. But probability wise, it's low. But it fits, and it's possible. Keep an eye out. am crazy. okay. ty. Alt coins need to spring and crash before bitcoin crashes, which takes them all down together, the alt coins mostly die and the profits likely pump bitcoin to those levels. Oh and then probably TSLA, META, MSFT, NVDA, APPLE and a few other all start saying they bought the dip. BIG jump. Followed by everyone saying "well it's a long term hold ya know, I play the long game, it'll come back to a mil."
BITSTAMP:BTCUSD
by nicktussing77
APPLE My Opinion! SELL! My dear subscribers, APPLE looks like it will make a good move, and here are the details: The market is trading on 176.55 pivot level. Bias - Bearish My Stop Loss - 179.03 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 171.21 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
NASDAQ:AAPLShort
by AnabelSignals
11