|Bid||170.12 x 400|
|Ask||170.13 x 100|
|Day's Range||168.93 - 171.30|
|52 Week Range||138.62 - 183.50|
|PE Ratio (TTM)||17.61|
|Earnings Date||Apr 30, 2018 - May 4, 2018|
|Forward Dividend & Yield||2.52 (1.47%)|
|1y Target Est||192.49|
Apple's iPhone is no longer a growth engine for the company, but it has other businesses to offset, Morgan Stanley says.
President Trump is set to impose China trade tariffs of $50 billion a year, punishing China for trade misdeeds but raising the risk of a U.S.-China trade war.
Lots of PR problems here. The Cambridge Analytica breach was pretty much a disaster, and not handled well. HOWEVER, valuation is actually not that bad now. Yes the last 2 years, Facebook grew EPS at 171% and 77%, and that has slowed to 18%, 21%, and 21% over the next 3 years. Could Delete Facebook gather steam? Sure.
President Donald Trump is expected to announce tariffs on up to $50 billion of Chinese imports against China later today, a move that analysts expect will not go unanswered by China. Untangling the global value chain to gauge just who would be hit—and by how much—is complex, but some see the move as bad news for several large U.S. agricultural and consumer companies. Agriculture could be one target, with China, the biggest buyer of U.S. soybeans, potentially bypassing the U.S. and favoring other exporters like Brazil and Argentina, writes David Riedel, who runs the emerging-markets-focused Riedel Research.
While many investors are focused on device sales at Apple and other tech companies, services could be the way forward as the company tries to work its way toward a $1 trillion market cap. “Over the last five years, the vast majority (86%) of Apple’s 8% annual revenue growth was driven by iPhone sales,” Morgan Stanley analysts wrote in a Thursday note. “But as replacement cycles extend further and device installed base growth slows to single digits (from 14% over the last two years), it is through monetization of Apple’s (AAPL) Services business that we see the company still generating mid single digit revenue growth.” Morgan Stanley, which has a $203 price target—about 21% above current levels—on the Barron’s Next 50 stock’s shares, suggested several “levers” the company could use to accomplish this.
If Trump slaps $60 billion worth of tariffs on China Thursday, it could retaliate against major US exporters, such as Boeing, a darling of the Dow.
Spotify has been getting a lot of media coverage in recent months thanks largely to the unusual nature of its upcoming initial public offering (or IPO). For its IPO, which is scheduled for April 3, 2018, Spotify chose a direct listing model, thereby bypassing banks in the sale of its shares to the public. Spotify is also getting a lot of attention over its work on a voice search feature that would rival Apple’s (AAPL) Siri, Amazon’s (AMZN) Alexa, and Google’s (GOOGL) Google Assistant.