In recent news, Apple has been making headlines with several announcements. The company recently reported its quarterly earnings, which showed a revenue of $95 billion and earnings per share of $1.65. These figures not only met but also exceeded the market's expectations, with a revenue beat of $829 million and an earnings per share beat of $0.02.
Major analysts have been following Apple closely, and several have updated their price targets. For instance, some analysts have noted that Apple's beta of 1.12 indicates a higher volatility compared to the broader market. Despite this, Apple's market capitalization remains at an impressive $3.14 trillion, categorizing it as a Mega Cap stock.
In terms of performance, Apple's stock has underperformed the market in the last year, with a price return of 10.6 percent compared to the SPY ETF's 13.9 percent. However, in the last two weeks, Apple's stock has shown a slight improvement, returning 1.8 percent while the SPY ETF gained 5.0 percent.
Looking at the technical analysis, Apple's support price is estimated to be around $207.07, and the resistance is at $215.45. This indicates a 67 percent probability that the stock will trade within this expected range on any given day.
Overall, Apple's stock continues to be a significant player in the tech industry, with its recent financial performance and market capitalization reflecting its strong position. While there have been some fluctuations in the stock price, the company's fundamentals remain robust, making it an attractive investment option for many investors.
For more http://www.quietplease.ai
Stock up on these deals
https://amzn.to/3QFpYIX
Popular Podcasts
Bookmarked by Reese's Book Club
Welcome to Bookmarked by Reese’s Book Club — the podcast where great stories, bold women, and irresistible conversations collide! Hosted by award-winning journalist Danielle Robay, each week new episodes balance thoughtful literary insight with the fervor of buzzy book trends, pop culture and more. Bookmarked brings together celebrities, tastemakers, influencers and authors from Reese's Book Club and beyond to share stories that transcend the page. Pull up a chair. You’re not just listening — you’re part of the conversation.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com