Because your charting is terrible and you should feel bad! But yes, that is indeed looking very wedgey!
Take a look at the medical marijuana stocks. Multiple stocks to invest in when you get tired of BTC. $MSRT, $MCIG, $IGPK
A few iPhone suppliers down a couple % today: SWKS, CRUS, OLED, likely LITE. QCOM with a 2x top possibly forming. See how the relative chart acts, AAPL/SPY Working on a higher low, but trouble lurking.
4th straight day that AAPL/SPY closed below the Bollinger band. But perhaps temporary relief is in sight, since it finally at least closed off the lows Reporting in 3 days. I initially felt this would fare well with the ER, but uncertainty creeping in. iTunes inspires so much frustration. Who uses Apple Music?
Apple Misses Apple (AAPL) reported 1st Quarter December 2017 earnings of $3.89 per share on revenue of $88.3 billion. The consensus earnings estimate was $3.82 per share on revenue of $85.8 billion. The Earnings Whisper number was $3.94 per share. Revenue grew 12.7% on a year-over-year basis. The company said it expects second quarter revenue of $60.0 billion to $62.0 billion and gross margins of 38.0% to 38.5%, which calculates to earnings of $2.54 to $2.73 per share. The current consensus earnings estimate is $2.79 per share on revenue of $65.73 billion for the quarter ending March 31, 2018.
Morgan Stanley's Katy Huberty maintains an Overweight rating on Apple's stock with a price target lowered from $203 to $200.
AAPL enjoys stellar returns on its devices by offering a unique user experience with its iOS ecosystem. Contrary to its peers in PCs and smartphones that rely on relatively open operating systems, Windows and Android, respectively, Apple’s walled garden approach for its popular iOS allows it to charge a premium for relatively commoditized hardware not too different from that sold by Samsung, Dell, and others.
The last spike up looked like it played out well. Question is where we go from here now. I got a feeling Apple did not sell as many iPhones last quarter as expected.
Apple Inc. (NASDAQ:AAPL) Price Target Raised to $250.00 by S&P Equity Research – oday, S&P Equity Research raised its price target on Apple Inc. to $250.00 per share. There are 27 Buy Ratings, 16 Hold Ratings, 2 Sell Ratings, no Strong Buy Ratings on the stock. The current consensus rating on Apple Inc. is Buy with a consensus target price of $228.60 per share, a potential 4.70% upside. Some recent analyst ratings include: 9/10/2018-Apple Inc. had its Buy rating reiterated by Bank of America with a $250.00 price target; 9/7/2018-Apple Inc. had its Neutral rating reiterated by Goldman Sachs Group. Apple Inc. has insider ownership of 0.06% and institutional ownership of 58.62%. Read more: https://marketexclusive.com/apple-i...ised-to-250-00-by-sp-equity-research/2018/09/
