Apple Inc (AAPL)

AAPL (NASDAQ:Consumer Durables) EQUITY
neg -0.85
Today's Range: 117.92 - 119.23 | AAPL Avg Daily Volume: 50,050,500
Last Update: 11/25/15 - 4:14 PM EST
Volume: 21,388,308
YTD Performance: 6.93%
Open: $119.21
Previous Close: $118.88
52 Week Range: $92.00 - $134.54
Oustanding Shares: 5,575,331,000
Market Cap: 662,795,349,280
6-Month Chart
TheStreet Ratings Grade for AAPL
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 19 18 17 18
Moderate Buy 3 3 3 3
Hold 9 9 11 11
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.68 1.70 1.79 1.77
Latest Dividend: 0.52
Latest Dividend Yield: 1.75%
Dividend Ex-Date: 11/05/15
Price Earnings Ratio: 12.89
Price Earnings Comparisons:
AAPL Sector Avg. S&P 500
12.89 12.90 32.58
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
13.77% 0.37% 44.57%
Revenue 27.90 0.49 0.14
Net Income 35.10 0.28 0.08
EPS 42.80 0.45 0.13
Earnings for AAPL:
Revenue 233.72B
Average Earnings Estimates
Qtr (12/15) Qtr (03/16) FY (09/16) FY (09/17)
Average Estimate $3.26 $2.43 $9.87 $10.63
Number of Analysts 16 14 20 14
High Estimate $3.37 $2.64 $10.65 $11.61
Low Estimate $3.12 $2.32 $9.33 $9.60
Prior Year $3.06 $2.33 $9.22 $9.87
Growth Rate (Year over Year) 6.39% 4.48% 7.06% 7.72%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
What a difference a week makes.
BBY has been quietly exiting some low-margin or money-losing businesses, freeing up cash and management time in the process. The chain reported a 6% overall sales decline, but comparable-store sales rose 0.8%. EBITD also increased by 8.5% and has almost doubled in three years. No one is looking at things on that basis. All-important online sales grew 18%, a figure that suggests gains vs. all of retailing (although not necessarily vs. AMZN). Reflecting the generation of strong free cash flow, interest costs fell by $5 million, or 23%. Pretax profits grew a solid 21% on an as-reported basis. Earnings per share rose 20% -- far more than the average U.S. corporate or retail EPS. Reflecting confidence in its outlook, BBY has begun quietly buying back its stock, making $385 million of purchases since Jan. 1. Share count has declined 2.8% from its first-quarter peak, dropping by 1.5% in the latest quarter alone. Cash flow also covers interest almost 30 times over, so the company has a good margin of safety. Management's fourth-quarter forecast calls for lower sales and EBIT margin pressure, but some of that stems from the fact that the Super Bowl will take place in the next quarter. (The NFL championship game is all-important to the consumer-electronics industry). And having watched this management team since it appeared on the scene a few years ago, I have yet to see a forecast that BBY didn't ultimately exceed. The economy and energy prices are big tailwinds, although Best Buy has a significant business in troubled Canada. I also think BBY will benefit from a market-cycle transition currently underway in television sets, as well as from and what could be terminal problems at Sears Holdings (SHLD). That should boost BBY's appliance sales. Best Buy also sells products from Apple (AAPL), which should help results as well. Operating leverage is a positive force during
I missed nothing as the market flatlined all afternoon. Here is the intraday on SPDR S&P 500 ETF (SPY).   In commodities land: oil down 16 cents (barely above $40/barrel), natural gas down eight cents, gold up $13/ounce, silver up 15 cents/ounce, copper marginally lower, wheat up $7.25, corn up 0.6%, coffee up $7.30 (that's a big move) and lumber up smartly by $8.60 to $247.  High yield continues junky. iShares iBoxx $ High Yield Corporate Bond ETF (HYG) took a nearly 1% hit and SPDR Barclays High Yield Bond ETF (JNK) similarly lower. Chesapeake Energy (CHK) debt down $18 in last two days. Veritas hung deal -- I discussed previously. Some of my bearish market view stems from the weakness in junk and the widening spreads. But, for now, the markets are not paying attention. The U.S. dollar weakened, against consensus/speculators who seem to be large the U.S. dollar long. Municipals were bid better and closed-end muni funds were broadly higher (I continue to sell into the strength). Banks were marginally higher-- good performance in light of recent strength. Retail mixed. Favs Macy's (M) and Bed Bath & Beyond (BBBY) slightly lower while Wal-Mart (WMT) was unchanged. Autos continue their rally. Health care weak on the UnitedHealth Group's (UNH) warning earlier in the day. Oils gave up some of yesterday's gains. Exxon Mobil (XOM) and Schlumberger (SLB) -- my two shorts -- down large fractions. (T)FANG -- Tesla (TSLA), Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google, now Alphabet (GOOGL) -- was five for five lower, but marginally so as none of the ingredients had a major move down NOSH -- Nike (NKE), O'Reilly (ORYL), Starbucks (SBUX) and Home Depot (HD) -- was weaker except a strong gain for NKE. Gap (GAP) lowers 2015 earnings per share view from a range of $2.75 to $2.80 to a range of $2.38 to $2.42. Stock down by 2% after hours. Nike declares large buyback and 2-for-1 split.  Shares up about $4 after hours. Williams-Sonoma (WSM) beats but moves EPS and sales guidance lower (EPS to a range of $1.52 to $1.62 versus consensus of $1.67). Shares down about $3 after hours. Apple (AAPL) stood out today on the upside, Allergan (AGN) on the downside (down almost $9 on the day, though it's up almost $6 after hours). See below on new tax rules and my Comments Section back and forth with Bobby Lang. Speaking of Allergan, Treasury just gave details on new inversion rules to protect its own tax base. Biotechs reversed yesterday's gains and were down by nearly 2%. Valeant Pharmaceuticals (VRX) was a standout, up almost 16% on the day. The Treasury's anti-inversion rules should put a brake on some biotech M&A activity Square (SQ) initial public offering better received than I expected. Square's big brother, Twitter (TWTR), continuing its rally from the recent lows. New lows in Hedge Fund Hotel SunEdison (SUNE). Carleton English, Jim "El Capitan" Cramer and I weighed in on the stock today on TheStreet.

For Apple Heads Real Money Pro($)

Apple (AAPL) is seeing a modest pullback off of its early highs.
Not a lot of positive news, except for the gains.
Big win for the bulls. Broad-based rally that didn't look back all day. Now at session highs. Feels like panic short covering, with many offsides, coupled with buy programs. The U.S. dollar declined a tad during the trading session. Bonds were slightly higher in price and slightly lower in yield Municipals were bid for, but junk was flat. I continue to scale out of closed-end municipal bond funds. Blackstone/GSO Strategic Credit Fund (BGB) continued its share price descent, likely a function of year-end tax selling (similar to the experience in  muni bond funds in December 2013, which created a good entry point) Staples were higher. Autos better, with General Motors (GM) conspicuous in its share strength. Financials (spirited rally in banks) and retail were the "world's fair." I continued to add to both groups today and this week. Crude oil and gold were flattish. (T)FANG -- Tesla (TSLA), Facebook (FB), Amazon (AMZN), Netflix (NFLX), Google, now Alphabet (GOOGL) -- was sharply higher in a return to beta. NOSH -- Nike (NKE), O'Reilly (ORYL), Starbucks (SBUX) and Home Depot (HD) -- was also up on the day. Biotech strong (up 2%), with Valeant Pharmaceuticals (VRX) experiencing a modest bounce. Allergan (AGN) was the star. Apple (AAPL) was the beneficiary of an upgrade and Exxon Mobil (XOM) was hurt by a downgrade but still managed to trade a few pennies higher. Look for investor sentiment figures to move further bullish, coincident with the market's three-day rally. In a few short days we have shifted back to the Bull Market in Complacency, with few fearful on an earnings recession, geopolitical risk, and so forth. I
Apple tops the list, but it has lots of company.

From The Street of Dreams Real Money Pro($)

Goldman Sachs places Apple (AAPL) on its "Conviction Buy" list this morning.
Nov 18, 2015 | 7:07 AM EST
AAPL was placed on the Conviction Buy list, according to Goldman Sachs. $163 price target. Business will likely shift next year toward ...
Shares fell Friday on lower guidance, but the tech firm looks solid.

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