Apple Inc (AAPL)

AAPL (NASDAQ:Consumer Durables) EQUITY
$129.02
pos +0.56
+0.44%
Today's Range: 128.30 - 130.28 | AAPL Avg Daily Volume: 57,550,700
Last Update: 03/02/15 - 3:50 PM EST
Volume: 39,291,322
YTD Performance: 16.38%
Open: $129.25
Previous Close: $128.46
52 Week Range: $73.05 - $133.60
Oustanding Shares: 5,824,748,000
Market Cap: 759,634,510,420
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 20 21 22 22
Moderate Buy 4 4 4 4
Hold 6 6 6 6
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.52 1.52 1.50 1.50
Latest Dividend: 0.47
Latest Dividend Yield: 1.44%
Dividend Ex-Date: 02/05/15
Price Earnings Ratio: 17.53
Price Earnings Comparisons:
AAPL Sector Avg. S&P 500
17.53 17.60 26.52
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
7.95% 70.41% 71.03%
GROWTH 12 Mo 3 Yr CAGR
Revenue 7.00 0.69 0.19
Net Income 6.70 0.52 0.15
EPS 13.60 0.62 0.17
Earnings for AAPL:
EBITDA 60.45B
Revenue 182.80B
Average Earnings Estimates
Qtr (03/15) Qtr (06/15) FY (09/15) FY (09/16)
Average Estimate $2.11 $1.64 $8.44 $9.11
Number of Analysts 16 15 21 20
High Estimate $2.31 $1.84 $9.15 $10.00
Low Estimate $1.95 $1.48 $7.57 $7.85
Prior Year $1.66 $1.28 $6.45 $8.44
Growth Rate (Year over Year) 26.92% 28.02% 30.91% 7.84%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands

Late Day Observations Real Money Pro($)

Caterpillar (CAT) looks like it has a rendezvous with $80 ahead of it. CAT remains on my Best Ideas List (short). For now, the market bends but doesn't break. I will stick to my notion of a "topping process." I am a $90.75 buyer of Deere (DE). I am working on a thesis why the U.S. auto manufacturers are destined for a period of underperformance and a protracted period of market share loss from foreign exchange weak exporters and from alternative manufacturers (e.g., Tesla (TSLA)) that are improving the "driving experience." The price of crude oil, as I feared, looks like it is destined to make a double bottom and to retest recent lows (-$2.37/barrel on the day). I missed shorting some more Apple (AAPL) as the shares never traded at my level of $131. I mentioned Ocwen (OCN) traded higher on word of a large naked short put trade. What happens is that the market maker on the other side is effectively short (long puts) and is forced to buy stock on a delta-adjusted basis to "even out." New low on TLT on the day and down by about $0.50 from short sale (hedge against muni funds). New daily low on IBM (IBM). Bank of America (BAC) breaks $16, avoid. All five of my regional bank holdings are higher today. Ali Blah Blah has missed out of the Nasdaq rip. Looks lower. (Remember, BABA is on my Surprise List.) I have raised my net short exposure today -- up to 15% net short. Is Warren Buffett becoming fearful while most others have become greedy? Stay tuned to Becky's interview with The Oracle on CNBC's "Squawk Box" on Monday.
Will it be unveiled at March 9 event?

Some Midday Observations Real Money Pro($)

Like Bruce Willis, Apple's shares don't die hard or quickly. (The shares are trading +$1.63 after being lower earlier in the day.) The media event invitation for early March (watch) should be no surprise. I plan to add to my short at about $131/share. I suspect the net neutrality decision has been already discounted in the shares of cable companies, Netflix (NFLX), Facebook (FB), et al. The yield on the 10-year U.S. note is now back over 2.00% (up by three basis points). I shorted iShares 20+ Treasury (TLT) at $129.70 as an interest rate hedge to my closed-end municipal bond funds. Maybe the Nasdaq "has" to go to 5,000, despite being +23 handles in Nazzie futures, I continue to add to QQQ short. The redirection out of Hewlett and into Internet plays continues for the second day in a row. Again Jimmy Cramer wrote a great piece last night on this. Bank of America (BAC) is down on some concerns regarding CCAR risks in the company's 10-K. I would stay away from this name. The bank's latest quarter was god awful and it is so poorly managed. I prefer Citigroup (C) and my five smaller regional banks. RESI trades well and is at a day's high now. HLSS trades like there will be a competing and higher bid for the company. To complete the complex, OCN trades well after a multi-thousand sale of out-of-the-money puts. I expect the price of oil to be $47/barrel before $55/barrel. In reading the comments, IBM's investor day has been uninspiring. IBM remains a show-me stock. Anyone can make projections (just ask CAT's management).The presentation was long on "strategic imperatives," ecosystems, core competence, stewardship initiatives and a bunch of management consultant gobbledegook. "If you want to be short innovation, buy IBM's stock." (Hat tip Stan Druckenmiller) I am getting psyched for Warren's letter to Berkshire shareholders on Saturday morning. I am participating in a special project which analyzes The Oracle's shareholder letter with the Wall Street Journal.
It takes patience not to settle for a lesser idea.

The Week so Far, in a Nutshell Real Money Pro($)

"Apple Exceeds Emini Volume" questions whether AAPL shares had a "blow-off top" early in the week. "Apple's Price Gains Distort the Market" highlighted the outsized role of Apple on the broader market. Plus, my Apple view was summarized in Barron's. My Trade of the Week shorting the iShares Nasdaq Biotechnology (IBB) at an average cost of $338.85 was principally based on my cautious market view and an overbought view of the Index. The index closed slightly higher than my cost basis. Based on comments, my closing post, "See Ya in the Funny Papers," got a lot of interest in my Diary. On Tuesday, I delivered a negative analysis of Wal-Mart (WMT); the shares were down by about $1 per share in Wednesday's trading. Fed Chair Janet Yellen's second day of testimony was anti-climactic. Again, I felt she was neither hawkish nor dovish on Tuesday, just talking gibberish. This morning, S&P 500
Bullish momentum is decelerating.

Today's Trades Real Money Pro($)

My trading activity has been light today, and I am probably about done as I have scheduled research calls throughout the balance of the day. While I want to add to my short book, I respect the momentum I mentioned in my opener.

Apple Exceeds Emini Volume Real Money Pro($)

Speaking of Apple, the Divine Ms. M reminded me this morning that Apple was the most-actively-traded symbol (in the entire universe of equities, options and futures) yesterday.
Surprise No. 7 -- Apple (AAPL) becomes the first $1 trillion company.
And four other things you need to know now.

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