Tag AAPL

Apple (AAPL) shares are trending higher following TD Cowen's decision to raise its price target to $250 from $220 on the stock. TD Cowen's managing director and senior research analyst Krish Sankar joins Morning Brief to discuss this call ahead of Apple's second-quarter earnings report due Thursday. Sankar notes that the "stock has had a pretty good run" in recent months, largely driven by AI hype. He acknowledges that there were significant concerns surrounding Apple, including a slowdown in China and the lack of a clear AI strategy. However, he points out that share loss in China has stabilized, and the company's AI strategy is now more evident with Apple Intelligence. "I think you're kind of having a setup where things have turned positive for Apple from a sentiment standpoint," he told Yahoo Finance. Despite this optimism, Sankar cautions that Apple's AI initiatives will not drive "a massive AI refresh driven by the phone this year." He suggests that such developments are more likely to materialize in 2025. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith...

Apple is giving app developers their first look at its highly anticipated Apple Intelligence platform...

Big names in tech including Amazon (AMZN) and Microsoft (MSFT) will report their latest quarterly earnings this week. Investors will be watching the results closely following some mixed results from Tesla (TSLA) and Alphabet (GOOG,GOOGL). Allspring Global Investments Senior Portfolio Manager Bryant VanCronkhite joins Wealth! to give insight into the upcoming tech earnings from Big Tech names and what investors should keep in mind moving forward. VanCronkhite explains that though the AI trade has fueled the market gains, right now, the developments aren't really showing up in quarterly results, leaving some investors questioning when it will happen. In terms of the tech sector, and the rotation into small caps that has been seen in markets the last few weeks, VanCronkhite states: "I've been calling for this value rotation going back a couple of weeks now, and it's starting to play out well. There could be more legs to this, and it makes a lot of sense. With the amount of money being concentrated in a narrow market, we only get there for one of two reasons. We either get there because of greed or exuberance, which we have today around the AI trade, or you get there out of fear. When you're worried about the overall economy, maybe the Fed being late to react, pushing us into a recession, you want to get more and more capital around a fewer and fewer set of companies where you have the most visibility." He continues with: "So both fear and greed have pushed capital into a narrow market, but those will both get resolved eventually. And I think that the cool inflation prints is giving the market the belief the Fed can begin to act, giving them the chance to jump through that ever closing window to avoid a recession. And as that happens, the natural rotation is out of the concentrate names into the value trade into the broader markets." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino...

Fair Isaac's (FICO) third-quarter fiscal 2024 performance is likely to have benefited from strong momentum in its scores and software business...

The move for an ad tier (for now, only in the U.K.) would follow that of competitors...

Apple reportedly may not release its new artificial intelligence features until after its software overhaul planned for September, in what could be a setback for the iPhone maker amid anticipation for an AI-fueled upgrade cycle...

Apple's (AAPL) third-quarter fiscal 2024 results are likely to reflect strong services growth despite unfavorable forex and sluggish demand for iPhone in China...

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Apple (AAPL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024...

We recently published a list of Jim Cramer is Talking About 10 Falling Stocks Amid Latest Market Rotation. Since Apple Inc (NASDAQ:AAPL) ranks 6th on the list, it deserves a deeper look. Jim Cramer in a program last week tried to make sense of the decline in tech stocks, saying companies with the “best fundamentals” got […]...