Apple Inc (AAPL)

AAPL (NASDAQ:Consumer Durables) EQUITY
$93.37
neg -2.70
-2.80%
Today's Range: 92.65 - 94.66 | AAPL Avg Daily Volume: 38,855,100
Last Update: 06/24/16 - 3:59 PM EDT
Volume: 65,771,655
YTD Performance: -8.70%
Open: $92.91
Previous Close: $96.10
52 Week Range: $89.47 - $132.97
Oustanding Shares: 5,477,425,000
Market Cap: 523,367,958,750
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 21 22 21
Moderate Buy 3 3 3 3
Hold 4 4 4 6
Moderate Sell 0 0 0 0
Strong Sell 1 1 1 1
Mean Rec. 1.50 1.52 1.50 1.61
Latest Dividend: 0.57
Latest Dividend Yield: 2.39%
Dividend Ex-Date: 05/05/16
Price Earnings Ratio: 10.59
Price Earnings Comparisons:
AAPL Sector Avg. S&P 500
10.59 10.60 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-9.45% -24.35% 62.68%
GROWTH 12 Mo 3 Yr CAGR
Revenue 27.90 0.50 0.14
Net Income 35.10 0.30 0.08
EPS 42.80 0.50 0.13
Earnings for AAPL:
EBITDA 82.49B
Revenue 233.72B
Average Earnings Estimates
Qtr (06/16) Qtr (09/16) FY (09/16) FY (09/17)
Average Estimate $1.40 $1.66 $8.29 $9.02
Number of Analysts 14 12 19 18
High Estimate $1.44 $1.84 $8.57 $10.03
Low Estimate $1.36 $1.47 $8.03 $7.46
Prior Year $1.85 $1.96 $9.22 $8.29
Growth Rate (Year over Year) -24.59% -15.22% -10.04% 8.76%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
SunTrust analysts say the social media company could be a top M&A candidate in 2017 -- but is that good for investors?

My Takeaways and Observations Real Money Pro($)

The U.S. dollar was slightly weaker. Crude oil was up 40 cents to over $50. Gold is unchanged. Agricultural commodities are mixed today after sharp gains: wheat +2, corn -0.50, soybean +2.50 and oats +2.25. Lumber is down $6.50. iShares 20+ Year Treasury Bond ETF (TLT) is up 55 cents. The yield on the 10-year U.S. note and long bond are down a basis point. The 2s/10s spread is unchanged at 94 basis points. Municipals were bid and higher. Closed-end municipal bonds were mixed. High yield was stronger, again. iShares iBoxx High-Yield Corporate Bond ETF (HYG) was up 40 cents and SPDR Barclays High Yield Bond ETF (JNK) was up 15 cents. Blackstone/GSO Strategic Credit Fund's (BGB) streak came to a temporary halt, down a nickel. Banks were mixed with little price change. Insurance stocks were fractionally better, with my long Hartford Financial Services Group (HIG) rallying 35 cents. However, brokerages were hit with some profit-taking. Retail was broadly higher. My short Nordstrom (JWN) was up 80 cents. Remodeling came back from recent drops. Consumer staples were mixed. Kellogg (K) was an upside standout, based on vague rumors that Coca-Cola (KO) is interested in the company. I have no clue.  Energy stocks are on a magnificent streak -- still, following higher crude oil prices. Autos strengthened, with 25-cent gains for Ford (F) and General Motors (GM). Old tech showed nothing. Old media flat-lined. Biotech, which I sold out of and observed the media's love affair with after gains in the space, was conspicuously to the downside. VRX lower and so was most of the sector. iShares Nasdaq Biotechnology ETF (IBB) was  down $6, or 2.2%. Agricultural equipment was unchanged. (T)FANG was lower save Telsa (TSLA) due to the Ron Baron Bounce! NOSH's tasty bits included O'Reilly Automotive (ORLY) and Home Depot (HD). In individual stocks, Potash (POT) continues higher, Oaktree Capital Group (OAK) saw a second nice advance in a row, Monsanto (MON) looks like it might be rolling over (but it's a newsy stock), DuPont (DD) is a monster, and Apple (AAPL), my Trade of the Week, was up again today. I am about to short more. Here are some good, value-added commentary on our site: Jim "El Capitan" Cramer looks toward the skies.  Tom Graff looks at the gloomy domestic economy.  Melvin, millennials and homes.   Rev Shark on portfolio positioning.  Muhammad Ali rubbed off on "Diamond" James Gentile.  Or maybe it was Randy Newman's "short people." 

My Takeaways and Observations Real Money Pro($)

The U.S. dollar was unchanged. Crude oil was up a beaner to nearly $50 a barrel. Nat gas up two cents. Gold was up $4.40 to $1,247 but still in a downtrend. Agricultural commodities were on another tear: wheat +9.75, corn +9.00, soybean +7.00 and oats +6.00. Fertilizer stocks, such as Potash (POT), are responding. Bonds were weaker in price, higher in yield. iShares 20+ Year Treasury Bond ETF (TLT) was up nearly a buck. The yield of the 10-year U.S. note was up two-and-a-half basis points to 1.73%. The long bond was up by three basis points to 2.554%. The 2s/10s spread still is at 93 basis points. High yield prospered, with iShares iBoxx High-Yield Corporate Bond ETF (HYG) up 40 cents and SPDR Barclay High Yield Bond ETF (JNK) up 15 cents. Blackstone/GSO Strategic Credit Fund (BGB) hit another new high, rising 18 cents to $14.66. Banks rallied, but not intensely, perhaps because of continuing flat yield curve. Brokerages were stronger with Goldman Sachs (GS) up $2 (it got 250,000 summer intern applications!) Insurance stocks were firmer, with Lincoln National (LNC) up $1.10, or 2.5%; my long Hartford Financial Services Group (HIG) lagged, up only 15 cents. Old tech lagged with little price change. Biotech was up, with iShares Nasdaq Biotechnology ETF (IBB) rising more than $4 and led by Celgene (CELG). Acadia Pharmaceuticals (ACAD), a former biotech basket member, was up nearly 13%, or $4.60. I sold out of the space last week. Autos was up small. Retail was disappointing, with most in the space marginally higher or down. Home Depot (HD) and Lowe's (LOW) were low points Ag equipment was stronger, with Deere (DE) and Caterpillar (CAT) both up. Energy stocks surged, led by Schlumberger (SLB), up $3.50. Media was a noticeable underperformer, with Comcast (CMCSA) and Disney (DIS) flat. (T)FANG underperformed, with Alphabet (GOOGL) down almost $6 and Facebook (FB) barely higher. NOSH was mixed, with Nike (NKE) and Starbucks (SBUX) better but O'Reilly Automotive (ORLY) and HD lower. In individual stocks, POT was a highlight, up $1.20, perhaps on higher ag prices. Oaktree Capital Group (OAK) climbed $2.50 on a favorable Barron's article. Here are some value-added columns on our site today: Ben "Goldfinger" Cross likes gold.  "Diamond" James Gentile on what the rate of rate rise means for stocks.  Cramer and Mohr on the soft dollar benefits.  Rev asks does the market even care what Yellen says?   Jeremy LaKosh on the labor market.

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

Slowing Smart-Phone Sales and More Competition. There are growing signs that the smart-phone market is slowing. At the same time, the company faces much-lower-priced competitors given the iPhone's $600 average price. Longer Upgrade Cycle Is a Sign of Product Disappointment. Reports that Apple might extend iPhone upgrades from the current two years to three support my general belief that the last major product upgrade cycle for the iPhone has already occurred.  "Peak Apple." I continue to believe that Apple won't eclipse its fiscal-year 2015 earnings for several years. I also think that the company's price-to-earnings ratio could contract, reflecting slower growth prospects and a more-competitive business landscape. The downturn in AAPL's price multiple could begin slowly, but might eventually pick up speed as investors recognize the headwinds th
The real determinants of investment returns are company related. 

My Takeaways and Observations Real Money Pro($)

The U.S. dollar got schmeissed after the weak jobs report. Crude oil fell by 70 cents. Gold was up by $30 to $1,242. Agricultural commodities were inconsistent in price change today: wheat +8, corn +2, soybean -7 (after yesterday's huge ramp) and oats -1. Lumber +5. Bonds soared. iShares 20+ Year Treasury Bond ETF (TLT) was up $1.70. The 2s/10s spread stood at 92 basis points; a multiyear low, at 90 bps, occurred yesterday. The 10-year U.S. note dropped by nearly 11 basis points to 1.70% and the 20-year yield fell by seven basis points to 2.52%. Municipal bonds were stronger, as were closed-end muni bond funds. High yield traded slightly higher in price. Blackstone/GSO Strategic Credit Fund (BGB) was flat. Banks were the principal victim of lower rates; I expect a good portion of the spring rally to be retraced this summer. I added to my Financial Select Sector SPDR ETF (XLF) short. Citigroup's (C) management warning weighed on its shares. Jamie Dimon's auto loan warnings also are weighing on the bank sector as well as the auto space as credit quality and future funding issues arose. Brokerages were weak. Insurance stocks got smoked; I remain short Lincoln National (LNC), down $1.50, and MetLife (MET), down $1.40. My long Hartford Financial Services Group (HIG) was down 60 cents. Energy stocks fared better than the commodity drop with only modest losses. Retail exhibited modest price changes -- flat lined, on average. Old media fell back, led by IBM (IBM), down $1.25. Autos continue their weak spell, with both Ford (F) and General Motors (GM) falling to recent lows. Again, value traps. Ag equipment continued to be responsive to a Joy Global (JOY) beat. Both Deere (DE), on a Goldman upgrade, and Caterpillar (CAT) experienced nice gains. Media was flat to slightly lower. In individual stocks, Alibaba (BABA) traded poorly (still!) after its partial distribution by Softbank. Starbucks (SBUX) is still leaving a bitter taste. Apple (AAPL) was up small in a weak tape after a few days of underperformance. The Mighty Oak -- aka Oaktree Capital Group (OAK) -- dropped some leaves. DuPont (DD), my fav long, continues to be a dream coming true. Here are several value-added contributions on Real Money Pro: Jim "El Capitan" Cramer firing some yield-seeking missiles.  Skip Raschke loves gold and has some secrets how to trade it. And Tim "Not Judy or Phil" Collins has some additional thoughts on a trigger to buy gold.  "The Piano Man" RevShark sings about the Fed being a matter of trust.  Versace and Hawkins on what the jobs report might mean for stocks and economic forecasts.
Multiple analysts raised the chip maker's price target after a strong earnings report.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened. The price of crude oil rose by a couple of pennies. Gold fell by $1.30 to $1,213 -- still looking weak technically as we move further and further from $1,300. More wild swings to the upside in agricultural commodities:  wheat +9, corn unchanged, soybeans +44 (!!) and oats -1.50. Lumber +3. Bonds stronger in price and lower in yield. The yield curve flattened -- down to about 91 bps. The yield on the 10-year U.S. note dipped by four basis points  (1.807% yield) and the long bond yield declined by four basis points (2.58% yield). Municipals were well-bid, with closed-end muni bond funds higher. The high-yield bond market flat lined. Banks were mixed (they're at important resistance now), insurance sold off -- my long Hartford Financial Services Group (HIG) underperformed and my short Lincoln National (LNC) outperformed! -- and brokerages declined. At a Sanford Bernstein conference a few bank managements said trading activity had modestly improved, but the stocks did not respond. I expanded my Financial Select Sector SPDR ETF (XLF) short today. But, after the close, Citigroup (C) management said while trading is trending somewhat better sequentially, total net income in the second quarter will be similar to the first quarter, which is a disappointment (though no one in media has discussed this). C is trading down by about 40 cents from the close, but on low volume. Retail was strong, led by Macy's (M) and Nordstrom (JWN), each up by over a dollar. Biotech continues to rally, going from goat to hero in the last week. iShares Nasdaq Biotechnology ETF (IBB) was up 1.7%, led by Allergan (AGN), up $4.50, and some more speculative names. Indeed, since my upbeat industry piece on May 24, IBB has increased from $270 to $285 and AGN's shares are up $20. I took off half of my AGN long today for a good gain. Energy stocks were lower, led by two of my shorts, Exxon Mobil (XOM) and Schlumberger (SLB). Old tech was mixed. Agricultural equipment was buoyed by Joy Global's (JOY) beat. Autos were flat. JPMorgan's Jamie Dimon warned about auto loan portfolio risks. Consumer staples were mixed, with Consumer Staples Select Sector SPDR ETF (XLP) flat. I expanded my short. Materials rallied, with Materials Select Sector SPDR ETF (XLB) up 27 cents; I expanded my short. DuPont (DD) is 10% of the index. Media saw limited price changes. I plan to short more Comcast (CMCSA) at current prices over the next few days. (T)FANG was led by an unstoppable Amazon (AMZN), but Alphabet (GOOGL) trailed. In individual stocks, fav long DD was u[ $1.70 as it looks to have an appointment with $70. Starbucks (SBUX), one of my fav large-cap shorts, continues to break down. Twitter (TWTR) was up a bit (see Tim Collins below). The Mighty Oak, Oaktree Capital Group (OAK), weakened. Here are some value added columns posted on Real Money Pro today: Jim "El Capitan" Cramer on wilting rationality and the Bear Market in Complacency.  Anders Keitz summarizes the bull/bear argument on Apple (AAPL).  Tim "Not Judy or Phil" Collins got me thinking on Twitter. 
But it's not the auto-related stock to buy.
Cramer's Action Alerts PLUS is keeping Apple in the portfolio after Goldman Sachs slashes its price target and earnings estimates. 

Columnist Conversations

I was going to publish a thought piece on Pandora and Groupon for the weekend; but it will get lost with all o...
Clorox is trading at new all time highs today with the help of a nice bump in trade.  The stock is up just ov...
Spot Gold has hurdled-- and is sustaining above-- its prior significant rally peak at $1307.40, which has the ...
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