Apple (AAPL) Offering Possible 23.46% Return Over the Next 35 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $300.00 short put and a strike $290.00 long put offers a potential 23.46% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $300.00 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $8.10 would be incurred if the stock dropped below the $290.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Apple is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Apple is bullish.

The RSI indicator is at 74.72 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Apple

Dow Jones Futures: After Coronavirus Stock Market Rally Sick Day, Cisco Earnings Top, Mastercard Sees 'Normalization'
Thu, 14 May 2020 09:45:16 +0000
Dow Jones futures: After the coronavirus stock market rally retreated again Wednesday, Cisco earnings beat views and Mastercard the start of "normalization."

Sony Says It Created World’s First Image Sensor With Built-in AI
Thu, 14 May 2020 08:56:38 +0000
(Bloomberg) — Sony Corp. touted on Thursday the world’s first image sensors with built-in artificial intelligence, promising to make data-gathering tasks much faster and more secure. Calling it the first of its kind, Sony said the technology would give “intelligent vision” to cameras for retail and industrial applications.The new sensors are akin to tiny self-contained computers, incorporating a logic processor and memory. They’re capable of image recognition without generating any images, allowing them to do AI tasks like identifying, analyzing or counting objects without offloading any information to a separate chip. Sony said the method provides increased privacy while also making it possible to do near-instant analysis and object tracking.Sony joins tech giants like Huawei Technologies Co. and Alphabet Inc.’s Google that have been building dedicated AI silicon to help accelerate everything from image processing to machine learning. Its latest semiconductors could offer a big boost to augmented reality applications, should the technology be adapted for the smartphone or consumer markets, where the Japanese company is a leader.The new AI-augmented sensors are capable of capturing a regular 12-megapixel image, 4K video at up to 60 frames per second or neither, providing only metadata about what the sensor has seen. Among the applications suggested by Sony are the counting and tracking of visitors to public spaces, heat and congestion mapping and measuring shopper behavior in retail locations.Though intended for commercial customers in its present iteration, the technology has promise for consumer applications as well. Without generating any actual images, it can help a personal device such as a smartphone identify objects and users securely. The accelerated object detection would also be an advantage for maintaining sharp focus when filming fast-moving subjects such as sports players or pets.Sony is the world leader in providing image sensors for smartphones such as Apple Inc.’s iPhone and dedicated photo and video cameras from the likes of Nikon Corp. Its sensor division has been its most reliable growth driver over the past few years, boosted by the proliferation of multi-camera phones. The new products are in line with the company’s long-term goal, as articulated by Chief Executive Officer Kenichiro Yoshida, of expanding the variety of sensing solutions it offers and pursuing more forms of recurring revenue.Sony said it has already shipped samples of its new sensors to potential customers, who are mostly in the business-to-business segment, including factory automation.(Updates with background on potential advances from fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

India follows China's lead to widen use of coronavirus tracing app
Thu, 14 May 2020 07:45:47 +0000
India is aggressively pushing a state-backed contact tracing app to fight the spread of COVID-19, raising fears that the world's second-most populous nation is on its way to Chinese-style methods of high tech social control. The government of Prime Minister Narendra Modi has touted its app, Aarogya Setu, or “Health Bridge,” as a key tool in fighting the deadly coronavirus. With more than 70,000 people already infected in India, and the number of cases is expected to exceed China, the origin of the outbreak, within a week.

U.S. Senator's phone seized in probe of stock trades after virus briefings – LA Times
Thu, 14 May 2020 06:06:43 +0000
U.S. Senator Richard Burr has had his cellphone seized by federal agents as part of the Justice Department's probe of stock transactions made by the lawmaker ahead of the sharp market downturn triggered by the coronavirus pandemic earlier this year, a media report said late on Wednesday. Burr, the Republican Intelligence Committee chairman, turned over his phone to agents after they served a search warrant on him at his Washington residence, the Los Angeles Times reported, citing an unnamed law enforcement official. A separate law enforcement official told the LA Times that the Federal Bureau of Investigation (FBI) also served a warrant recently to iPhone maker Apple Inc to get information from Burr's iCloud account.

After Losing Co-Pilot, SAP CEO Plots Solo Path Through Pandemic
Thu, 14 May 2020 04:00:00 +0000
(Bloomberg) — On the night of April 20, Christian Klein gained two major responsibilities.He became a father for the second time. And Klein was named sole chief executive officer of SAP SE, where he had risen through the ranks after starting as a student more than two decades ago.Klein’s promotion was a major upset — not because the 39-year-old manager isn’t seen suited for the role. But it abruptly aborted the ascent of his co-CEO, Jennifer Morgan, who left after just six months, marking the shortest tenure of any leader among Germany’s largest 30 listed companies and the departure of the only woman from a league of white, German-speaking men.Speaking in his first international interview since SAP announced the surprise change shortly before midnight that Monday, Klein made no secret of the fact that the decision was painful, calling his last few calls with Morgan “pretty emotional.” The co-leader model under which SAP had successfully operated for many years suddenly caused friction in the global organization, he said.“There are a lot of positives to this co-CEO model — you can divide and conquer and you can share responsibilities,” Klein said in a telephone interview. “But in the crisis, we also saw the downside of this model.”Klein said that in plotting SAP’s course through the Covid-19 crisis, he and Morgan realized they were “not on the same page” on several decisions he declined to disclose. They had already experienced some disagreements in the early days of their joint tenure, but the pandemic was an “accelerator,” making the issues more pronounced, Klein said. When they went to the supervisory board to explain the impasse, the panel decided to jettison Morgan and asked Klein to carry on alone.It’s ComplicatedSAP had been committed to the co-CEO structure, but when the coronavirus hit, it became clear that having two people in charge was no longer tenable, according to a person with knowledge of the matter. The leadership structure was described as disorganized and, at times, chaotic, by the the person, who asked not to be named discussing the company’s internal dynamics.It took longer to get some things done because, in certain instances, managers needed sign off from two different CEO offices, this person said. Morgan hasn’t responded to requests for comment on her departure.Read more: SAP Chief’s Short Stint ‘Disaster’ for German DiversityKlein now faces a range of challenges to keep the world’s largest maker of business-management software on course. SAP has its headquarters in rural Germany an hour’s drive south of Frankfurt. But there’s a huge operation in Silicon Valley that fell under the remit of American-born Morgan and may now feel disenfranchised by her exit, a risk that Klein acknowledged he must address. Then there are past acquisitions that have yet to be fully integrated, like the $8 billion purchase of survey-software Qualtrics that got a lukewarm reception from investors.There’s also SAP’s engineering response to the coronavirus that requires Klein’s attention. The German government has drafted SAP and Deutsche Telekom AG to help develop an app to trace Covid-19 infections. Klein said SAP and its partners, which also include Alphabet Inc.’s Google and Apple Inc. are working under time pressure to ensure data security, scalability and user experience of the product, though he wouldn’t give an exact time frame when an app might be available to download.Read more: Germany Taps SAP, Deutsche Telekom for Contact Tracing AppChecking InAs head of operations, everyday business also keeps Klein busy: checking in with work-from-home staff via virtual all-hands meetings, conversations with customers and calls with the German government about SAP’s role in the virus recovery. The CEO said he’s also considering how to evolve the company’s commercial model, call center and digital marketing strategy.Founded by a group of former IBM programmers, SAP still relies in no small part on the input of one its co-creators: Hasso Plattner, the company’s biggest individual shareholder, chairman and engineering mastermind, who created some of SAP’s most successful products. Klein and Plattner are close, with the chairman sending a glowing internal mail after Klein’s promotion in which he assured him of his support. It’s an important vote of confidence for Klein from the one voice that matters at SAP.One thing currently not on Klein’s mind is acquisitions, and the company will rely first and foremost on organic growth, he said. Eventually though, deals will come back into focus, and the CEO has already identified a gap in its offerings.Good Sleeper“I would love to have a telecommunications solution in the portfolio right now,” Klein said, referring to video-conferencing tools that have been in high demand during the lockdown. “I’m a little bit jealous of not having such a solution in the portfolio – now in the crisis for sure.”For now, though, his attention is aimed at steering Germany’s most valuable company through the upheaval wrought by the sudden leadership change, while managing the work of 100,000 employees who are largely working from home.And then there’s the challenge of juggling the tasks of an enlarged family. Luckily for Klein, he says his newborn daughter is a good sleeper — one less distraction as he steers the technology company through a viral pandemic and economic crash.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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