residents or individuals domiciled in the U.S. Any and all information provided by FXP is not intended for use by U.S. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.įX Publications Inc., abbreviated herein as FXP, (d.b.a DailyFX) is no longer a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. To contact Justin, email him at Justin on Twitter trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. Written by Justin McQueen, Market Analyst and Peter Hanks, Junior Analyst With that in mind, services should play a larger role in Apple earnings moving forward. Details of the streaming service saw shares of NFLX and DIS trade lower alongside a pop in AAPL shares.Īpple (AAPL) Stock Price Chart: 1 – Minute Time Frame (September 10)įurther, the company’s venture into services and shows its attempt to diversify revenue away from the iPhone and into a more subscription-based model. Critically, Apple began the event with the unveiling of new arcade and video content subscriptions – offering insight on one of the new entrants into the streaming space alongside Netflix (NFLX), Amazon (AMZN) and Disney (DIS). Viewed as a bellwether of market performance by some due to its size and track-record, Apple can carry significant sway over stock sentiment - as evidenced by January’s currency flash crash following Apple’s forecast downgrade.ĭuring the event, Apple’s stock price traded cautiously higher as the Cupertino-based company unveiled its newest products, services and subscriptions. However, despite this, Wall Street remain optimistic on Apple shares with a median price target of $223.74 (4.4% upside).Īpart from AAPL and its immediate suppliers, the broader equity market should also take note of the event. The other important date for Apple investors will be December 15th, where the US administration is expected to place fresh tariffs on Chinese made goods, including cellphones and laptops, therefore providing a headwind for Apple going forward. This had been evidenced last year as concerns over slowing global growth amid the US-China trade war sparked a violent Q4 sell-off in global equity markets.Ĭhart prepared by Justin McQueen Wall Street Remains Bullish Despite US-China Trade War Backdrop That said, the external environment can of course play a role in the company’s performance. Since the 2011 iPhone launch, Apple shares have on average gained 1.5% in the following 3-months (Hit ratio = 75%) and over 10% in 6-months (Hit ratio = 62.5). While the share of revenue generated from the iPhone has decreased over time as Apple diversifies, it still makes up over half of the company’s revenue and therefore remains integral to the growth outlook for the company. Consequently, t he Nasdaq 100 will keep a watchful eye on AAPL and its suppliersĪpple Event: AAPL Stock Price Tends to Rise After iPhone LaunchĪs is usually the case, the Apple iPhone launch date is among the biggest events of the year for the company and Apple investors.Wall Street Remains Bullish Despite US-China Trade War Backdrop.Apple Shares Tend to Rise Following iPhone Launch.
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