Apple (AAPL) Offering Possible 34.05% Return Over the Next 8 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $295.00 short put and a strike $290.00 long put offers a potential 34.05% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $295.00 by expiration. The full premium credit of $1.27 would be kept by the premium seller. The risk of $3.73 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 above 80 which suggests that the stock is in overbought territory.

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

Facebook, Apple, and the FTC Came Together to Talk Privacy at CES. Here Are the Highlights.
Wed, 08 Jan 2020 02:56:00 +0000
“People are deriving value from advertising business models,” a Facebook exec says. “We believe there is value in free services.”

Buyers' Remorse
Wed, 08 Jan 2020 00:30:30 +0000
Investors pause at high prices while the technology sector continues its surge, and 5G has captured investor attention.

3 Cheap Tech Stocks Under $10 to Buy for 2020
Tue, 07 Jan 2020 23:41:11 +0000
Let's dive into three cheap tech stocks we found using our Zacks Stock Screener that investors might want to buy in January for 2020…

Apple Privacy Executive Defends Encryption After FBI Request
Tue, 07 Jan 2020 23:02:42 +0000
(Bloomberg) — Apple Inc.’s top privacy executive defended the company’s use of encryption after recent clashes with law enforcement and politicians over access to information locked on iPhones.IPhones are prone to be lost or stolen, so Apple needs to make sure the devices are encrypted to protect data such as health and payment information, Senior Director of Global Privacy Jane Horvath said during a panel discussion at the CES technology conference in Las Vegas.She also called terrorism and child sexual abuse “abhorrent” and stressed that Apple helps law enforcement with investigations every day.The FBI recently asked Apple to help it access information on iPhones belonging to an alleged gunman who killed three people at a Florida naval base last month. The gunman is dead and the handsets are locked by a password and encrypted, so federal investigators can’t get the device data.“When the FBI requested information from us relating to this case a month ago we gave them all of the data in our possession and we will continue to support them with the data we have available,” Apple said in a statement on Tuesday.Apple regularly responds to warrants by giving investigators access to data that is stored on its servers, such as users’ iCloud account information. However, the company has refused in the past to help authorities unlock iPhones to get on-device data. It has also argued that iPhone security and encryption mean that it can’t access such information even if it wanted to.Tech companies and governments have clashed for years over balancing law enforcement access and user privacy, most famously when the U.S. sought access to an iPhone from a terrorist who carried out a deadly shooting spree in San Bernardino, California, in 2015. Apple refused to help, and the FBI eventually was able to hack into the handset. Discussions and debate have continued with little progress.Apple, Facebook Clash With Senators Over Encryption, BackdoorsApple has used privacy as a key differentiator, consistently pushing the message that its hardware and services are more secure than competitors. At CES, Horvath described the ways Apple minimizes data collection, or gathers information that is not tied to specific users. She cited Siri pulling up weather data for person’s city, not their exact latitude and longitude.Horvath also said Apple puts a privacy engineer and a lawyer on each team developing new devices.She was joined on the panel by Erin Egan, Facebook’s chief privacy officer, Susan Shook, Procter & Gamble Co.’s global privacy officer, and Rebecca Slaughter, a commissioner at the Federal Trade Commission. Apple often appears on panels to discuss its privacy policies, but this is the first time in decades that that company has had an official presence at CES.Egan said Facebook has “a different business model than Apple, but both business models are privacy protected.” Some hardware running Facebook software, including Oculus virtual reality headsets, process data on device, Egan added. But she said that many Facebook features around sharing require cloud-based processing.Egan also said Facebook only collects information it needs to operating its services and work with advertisers. User privacy is protected on Facebook, Egan said. Slaughter, the FTC Commissioner, disputed that assertion.(Updates with Facebook comments in final two paragraphs.)To contact the reporter on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

Amazon, Intel and Ford Want to Harvest Your Data While You Drive
Tue, 07 Jan 2020 22:46:40 +0000
(Bloomberg) — CES has long been a showcase for automotive gadgetry and a chance for tech companies to pitch their gear to carmakers. This year, the consumer electronics show is embracing an increasingly valuable byproduct of all this activity: data.Modern cars roll out of factories packed with cellular connections, powerful processors and growing suite of sensors, including cameras, radar and microphones. That’s turning them into the next information goldmine, rivaling the data-creating capabilities of smartphones.Amazon.com Inc., Intel Corp., Qualcomm Inc. and BlackBerry Ltd. are at the Las Vegas conference this week to pitch data-crunching services and partnerships to an auto industry searching for new revenue streams and business models.“CES will highlight the next big industry transformation that revolves around how this data can be monetized,” said Brian Rhodes, an automotive technology analyst at IHS Markit. “This market is no longer strictly focused on selling hard parts.”Automakers are trying to control the data generated by their vehicles and avoid being marginalized by technology giants. It’s a challenge because car companies lack deep software talent and are already battling the incursion of smartphones and related technology. Apple Inc.’s CarPlay and Google’s Android Auto software, installed on vehicle dashboard screens, funnel data to and from smartphones and largely bypass carmakers’ systems.The industry “passed a while ago a very important line in the sand,” said Henrik Fisker, chief executive officer of electric vehicle manufacturer Fisker Inc. “People suddenly felt that their smartphone was more important to their freedom than their car.”After years of setbacks and delays, Fisker will show off its Ocean electric SUV at CES for the first time. The company wants to generate the majority of its profit from software and services over the long term. Fisker has an app for ordering, lease payments and upgrades that it hopes will generate recurring revenue over the life of each vehicle.Intel will announce a new automotive tie-up for its Mobileye unit during CES, adding to existing relationships with Nissan Motor Co., BMW AG and Volkswagen AG. The carmakers use Mobileye’s driver-assistance technology and provide the Intel unit with some of the data that those cameras, chips and sensors collect as the vehicles drive around. Mobileye aggregates this anonymous information to create detailed maps that the carmakers use to enhance their vehicle navigation systems.At CES, Intel showed off a map of Las Vegas created in 24 hours with information from BMW cars that drove around the city over an undisclosed longer period. Intel says such fresh information is more valuable than traditional navigation systems, which use special survey vehicles that collect and send in images and data for updates that can take months. The newer approach has more chance of spotting and avoiding a broken traffic signal or road work. Intel thinks the data will be really useful for other things, too. A utility company could check on infrastructure without sending workers to every site, for example.Intel predicts the market for such data will be worth as much as $3.5 billion a year by 2030. McKinsey & Co. sees a much larger opportunity. A few years ago, the consulting firm said up to $750 billion of value would created from car-related data by 2030. That includes revenue from services like connected maps and targeted advertising, along with the sale and analysis of anonymous information via third parties to reduce costs.“The value pool includes avoided costs and incremental revenue” McKinsey partner Michele Bertoncello said. “If you monitor a car and you avoid a breakdown or you avoid warranty fraud, you don’t generate incremental revenue, but you avoid a cost.”On Monday at CES, cloud-computing giant Amazon Web Services teamed up with BlackBerry, owner of QNX, an operating system that’s widely used in cars. The two companies unveiled a new service that helps automakers update security and software features, monitor vehicle health, access data from car sensors, built new applications and apply artificial intelligence models to the information.Chipmaker Qualcomm announced its first chips and software for fully autonomous vehicles at the CES show. Its radio chips already support cellular links for most of the world’s connected cars. The new offering will be available in coming years and will reduce the cost and power needed to develop and run driverless cars, Qualcomm said. The company also rolled out a “Car-to-Cloud Platform,” a package of hardware and software that lets automakers securely update the software in their vehicles. The system offers a way to charge vehicle owners for updates and other services.Vehicle-generated data is crucial to Ford Motor Co.’s future, Chief Technical Officer Ken Washington said. The company’s commercial business is working with Digit, a robot designed by Agility Robotics that travels with delivery vehicles, unfolds itself, then carries packages from the curbside to the door. Digit will use data from Ford vehicle sensors to find its way.Advanced data capture and analysis is crucial for improving designs and bringing them to market more quickly, and for creating new businesses as carmakers try to become broader transportation companies, according to Washington.“We’re taking this very seriously,” he said. “I watched the internet happen and I watched what happened to businesses that embraced it and those that ignored it.”(Corrects in the ninth paragraph to say that Intel built the map with data collected over a longer period.)To contact the reporters on this story: Ian King in San Francisco at ianking@bloomberg.net;Ed Ludlow in San Francisco at eludlow2@bloomberg.netTo contact the editors responsible for this story: Alistair Barr at abarr18@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

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