Apple Inc (AAPL)

AAPL (NASDAQ:Consumer Durables) EQUITY
pos +0.91
Today's Range: 118.22 - 119.83 | AAPL Avg Daily Volume: 31,047,200
Last Update: 01/17/17 - 10:30 AM EST
Volume: 7,899,661
YTD Performance: 2.78%
Open: $118.34
Previous Close: $119.04
52 Week Range: $89.47 - $125.74
Oustanding Shares: 5,257,816,000
Market Cap: 625,890,416,640
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 22 23 25 25
Moderate Buy 4 4 3 3
Hold 4 4 3 3
Moderate Sell 0 0 0 0
Strong Sell 2 2 2 2
Mean Rec. 1.63 1.61 1.52 1.52
Latest Dividend: 0.57
Latest Dividend Yield: 1.92%
Dividend Ex-Date: 11/03/16
Price Earnings Ratio: 14.32
Price Earnings Comparisons:
AAPL Sector Avg. S&P 500
14.32 14.30 0.00
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
1.76% 22.23% 55.54%
Revenue -7.70 0.30 0.08
Net Income -14.40 0.20 0.07
EPS -9.90 0.50 0.13
Earnings for AAPL:
Revenue 215.64B
Average Earnings Estimates
Qtr (12/16) Qtr (03/17) FY (09/17) FY (09/18)
Average Estimate $3.22 $2.06 $8.97 $10.10
Number of Analysts 14 12 17 13
High Estimate $3.43 $2.22 $9.98 $11.47
Low Estimate $3.14 $1.91 $8.35 $9.20
Prior Year $3.28 $1.90 $8.31 $8.97
Growth Rate (Year over Year) -1.70% 8.51% 7.89% 12.65%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
The number of new 12-month highs has climbed to 240.

Novice Trade: Apple Real Money Pro($)

Own AAPL January calls to play a move higher through the end of the year.
While the tech giant looks to be headed higher, Tableau is beset by weakness.

Trade of the Week: Short QQQ Real Money Pro($)

QQQ is playing catch-up today -- up $1 -- and easily is ahead of the other indices. As mentioned in my opening missive below, despite today's strength tech leadership has begun to slip. The overall market, and tech in particular, are overbought. Technology represents 55% of the ETF. QQQ is overvalued by several metrics, trading at nearly 22x earnings, at almost 5x book value, 12x EBITD and 2.9x sales. QQQ is heavily skewed toward Apple (AAPL) (11% of total), Microsoft (MSFT) (8.5%), Amazon (AMZN) (6.5%) and Facebook (FB) (5%). According to my analysis, Apple faces numerous headwinds. The other stocks are extended and seem to be facing resistance near the yearly highs in the last few days. Many investors with low-cost basis on these stocks might have been holding off selling based on the expectation of a lower capital gains tax; there have been plenty of buyers but few sellers. Even non-taxable accounts might have been holding back selling in the knowledge of this. But, before year-end some of those non-taxable accounts (pension plans and foundations, for example) may anticipate early January selling by taxable investors (a 2017 tax event payable in 2018) and begin to liquidate components of QQQ. Any further strengthening in the U.S. dollar could pull the Nasdaq lower -- in light of the heavy multi-national exposure of technology.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar is smoking hot. The price of crude is flat and now under $51. Gold down by another $32. Free fall/panic time but I can't just make a solid case for the yellow metal. Ag commodities: wheat down $0.09, corn down $0.06 soybeans up $0.07 and oats down $0.05. Lumber flat. Bonds continue the flight higher in yield and lower in price. The 10-year is up 7.5 basis points to 2.6% and the long bond is up 2 basis points. The 2s/10s spread expands by another 4 bps to 133 basis points. Municipals off small, and closed-end muni bond funds getting hit again. Stay away! (We are in the tax-selling season for this asset class and just like December 2013 I could see some opportunities but only if duress is more substantial). The junk bond market has a small bid, but Blackstone/GSO Strategic Credit Fund (BGB) is down by two pennies. Banks up solidly, as are brokerages and insurance. Auto stocks up small. Energy stocks are flattish. Retails continues to be pressured, led by losses in Nike (NKE) and Nordstrom (JWN) . I added to JC Penney (JCP) . Again, my retail contacts and channel checks see a weak December, despite the cooler weather. I plan to add to my VanEck Vectors Retail ETF (RTH) short (which is now small). Old tech is doing nothing. I shorted more International Business Machines (IBM) today but still am small-sized. Consumer staples are up despite the strength of our currency. I picked at Campbell Soup (CPB) on weakness yesterday.

My Takeaways and Observations Real Money Pro($)

It is important to note that the euro briefly fell below $1.05, the lowest since March, 2015. If this trend continues, multi-national profits will be shattered. Though in line with expectations, the Fed move tanked bonds (moving the yield on the 10-year U.S. note up by 10 basis points to 2.58%). ( My Generational Bottom in Yields call is getting more powerful on a daily basis). Crude got hit badly, down $2 a barrel. Gold slammed again. And, stocks tanked -- with a classic buy-the rumor-sell-the-news event this afternoon.  Peter Boockvar on the Fed's move, here and
There's potential for a quick $5 to $7 move once beyond the tight range.
Some buyer could make Xilinx part of their team.

The China Syndrome Real Money Pro($)

 "I know the vibration was not normal."
There's a reason why FANG is back -- though it never really went away.

Columnist Conversations

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