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AAPL

Apple’s June Quarter Had an Unexpected Surprise

In general, we would say that Action Alerts PLUS holding Apple's results were fine, noting the June quarter tends to be its weakest of the year, and then they deliver stronger revenue and EPS in the second half of the year. As we noted earlier today, Apple shares have traded off following a steady climb from an early March low near $145 to $195 earlier this week. Given the size of that move, it's fair to say the market was looking for a beat and raise quarter, especially given data pointing to share gains for the Mac business as well as the iPhone business...

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AAPL

Taiwan Semiconductor: Short-Term Pain For Long-Term Gain (Rating Upgrade)

Taiwan Semiconductor gave weak guidance amid the semi industry downturn, but click to see why the TSM focus on AI and new technologies offer potential growth...

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AAPL AMZN

Dow Jones Reverses Lower On Reports Of Cyberattack; Fortinet Slammed After Earnings

The Dow Jones faded off highs on reports that hospital systems in multiple states were hit by a cyberattack. Apple tanked on earnings...

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AAPL

PayPal Stock Falls for 4th Day. Analyst Raises Concern Over Margins, Apple.

Analysts at Evercore downgraded the stock to the equivalent of Hold because of Intensifying competition and declines in operating margins...

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AAPL AMZN

Here’s Our Take on Amazon’s June Quarter

Following our price target increase for Action Alerts PLUS holding Universal Display , our picking up some additional shares of Axon Enterprises and closing out the portfolio's position in Cboe Global Markets with a big gain, let's turn our attention to June quarter results from Amazon and Apple . Before we get into the nitty gritty, we can see the stock market preferred what it saw in Amazon's results compared to Apple's, however, we would say Apple's results were fine, noting the June quarter tends to be its weakest of the year. While that's the March quarter tends to be the weakest for Amazon, both companies tend to deliver stronger revenue and EPS in the second half of the year...

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AAPL

Apple Stock Drops After Revenue Falls Again

Shares of Apple fell Friday after the tech giant reported a third-straight quarter of [declining revenue](https://www.wsj.com/articles/apple-aapl-q3-earnings-report-2023-46673f8f). Apple stock was recently down about 4%, making it the worst performer in the Dow industrials...

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AAPL AMZN

Amazon Just Won Earnings Season. Here’s Who Lost.

Apple forecast a fourth-straight quarter of declines, while Amazon is talking about a turning point. Why Amazon stock might be the better buy...

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AAPL

Apple Gets a Rare Downgrade. U.S. Slowdown ‘Likely to Last,’ Analyst Says.

Rosenblatt analyst Barton Crockett downgraded iPhone maker Apple to Neutral from Buy, but kept a $198 target price on shares after fiscal-third-quarter earnings...

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AAPL

Tim Cook says Apple is building AI into ‘every product’ amid questions over its plans

Artificial intelligence and machine learning are “virtually embedded in every product”, Apple chief executive Tim Cook has said, amid ongoing questions over the company’s plans. In recent months, as hype over AI has increased and most of Apple’s competitors have rolled out new features making use of the technology, Apple has stayed largely silent on its plans. During its recent Worldwide Developers Conference keynote event, for instance, it did not mention the world artificial intelligence at all...

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AAPL AMZN

Markets Higher Midday After Upbeat Earnings, July Jobs Report

U.S. equities were higher at midday on Friday, Aug. 4, 2023 on the back of strong earnings reports, while a cooler-than-expected July jobs report raised optimism the Fed could ease back on its campaign of rate hikes to cool inflation...

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