Apple (AAPL) Offering Possible 44.93% Return Over the Next 37 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $375.00 short put and a strike $365.00 long put offers a potential 44.93% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $375.00 by expiration. The full premium credit of $3.10 would be kept by the premium seller. The risk of $6.90 would be incurred if the stock dropped below the $365.00 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 67.55 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

Will Stocks Survive Earnings Season Uncertainty? Almost Probably.
Tue, 14 Jul 2020 09:30:00 +0000
Earnings season is here, and it looks like a nail-biter. The consensus view has second-quarter earnings per share underlying the S&P 500 index plunging 44% versus a year ago to just over $23. (BAC) Global Research and Goldman Sachs recently published reports explaining exactly what to expect from the numbers, and they disagree on everything but the dollar symbols.

India's Digital Future Means a Google Search
Tue, 14 Jul 2020 05:47:25 +0000
(Bloomberg Opinion) — For a long time, U.S.-based internet giants entertained the idea of finally accessing the world’s biggest market and tapping into a base of more than 1.3 billion potential consumers. Now, just as the door to China appears firmly shut, the next giant market is opening up.Alphabet Inc. CEO Sundar Pichai is ready to realize India’s potential with the one way executives know best: a big fat check. The American search-engine giant said its Google unit plans to spend $10 billion over the next seven years on operations, infrastructure and investments as a “reflection of our confidence in the future of India and its digital economy.”American corporate leaders from Apple Inc.’s Tim Cook and Amazon.com Inc.’s Jeff Bezos to Facebook Inc.’s Mark Zuckerberg have all known that India could be the next big thing. Pichai, himself Indian-born, hasn’t sat idly by, either.Their entry has been slowed by lack of broad-based demand for services offered only in English, a national market fragmented by whimsical local taxation, and an inadequate road and warehousing network that would facilitate quick e-commerce logistics.Favorable Chinese treatment, and protectionism, allowed Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to develop super-apps that deliver a smorgasbord of offerings from instant messaging to news and deliveries to financial services. No U.S. giant offers anywhere near the breadth and depth of services as their Chinese counterparts.Indian oil billionaire Mukesh Ambani has designs on doing in his home country just what the Americans couldn’t do in theirs. Four years ago, he upended the telecommunications sector with a new entrant that offered free voice calls and really cheap data. Suddenly, hundreds of millions more Indian consumers had a mobile phone in their hands and a reliable, affordable internet connection. Ambani followed that up by getting Facebook to buy a 10% percent stake in Jio Platforms Ltd. — Ambani’s holding company for telcos, media and other digital assets — for $5.7 billion. With Facebook now owning a stake in Jio, it makes sense for Google to look for its own telco dance partner, be it Bharti Airtel Ltd. or Vodafone Idea Ltd. — the only two meaningful competitors to Jio’s wireless service that are still left in the fray.Google’s big move is well-timed. The nation’s largely state-owned banking system was in bad shape even before Covid-19. After the inevitable pandemic-linked losses, institutions will be grateful to limp again and digital commerce will present a new growth avenue. When Indian consumers need loans, they’ll be giving consent to lenders to digitally piece together their credit history by pulling scraps from everywhere. Suppliers of goods and services will also want to tap cheaper working capital by sharing a real-time snapshot of their cash flows.Indian banks are at a disadvantage in the coming shakeup. Information collection, analysis and distribution is exactly what the U.S. internet companies do best. Jio with Facebook, Google (with or without a chosen partner), and even Amazon.com could have deeper insights into consumer and supplier habits than the traditional financiers. A Jio or Google-backed finance app could dish out a loan faster than a banker could pull out a ballpoint pen. That would leave the state-owned lenders offering little more than their vast balance sheets for credit creation.Not only is India finally getting the fast mobile coverage it sorely needs, its payments infrastructure is also ready. Pichai has built a payments service specifically for India, using the local platform that allows any two parties, holding accounts at different banks, to send and receive money instantly without knowing anything more than each others’ virtual IDs. The revamped network is so modern and innovation-friendly that Google has asked the U.S. to consider emulating it.Jio has garnered much of the recent attention, helped by a splashy fundraising spectacle that adds up to half of the investment in global telecom deals this year. But Google’s payment app as well as WalMart’s PhonePe have been quietly scaling up. Now, when Indian consumers want deliveries, entertainment, or a loan there’s a good chance they’ll be searching Google. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Apple Pledges $400M To Address California’s Housing Crisis
Tue, 14 Jul 2020 05:43:49 +0000
Apple Inc. (AAPL) has announced that it will be providing over $400 million toward affordable housing projects and homeowner assistance programs in California this year.The tech giant says that the pledge will produce over 250 affordable housing units of which many will be “reserved for veterans, the homeless or formerly homeless, and residents with developmental disabilities.”In a press statement on July 13, Apple’s vice president for Global Real Estate and Facilities said, “At a time when so many members of our community are facing unprecedented challenges, we believe it’s critical to make sure that their hopes for the future are supported through tangible programs and results.”In November of last year, Apple made a $2.5 billion commitment to address California’s housing shortage and rising property prices. The company will see that affordable housing investments receive $1 billion and an additional $1 billion will go toward first-time buyer mortgage assistance. Also, land owned by Apple will be made available for affordable housing in the amount of $300 million.In a press statement on November 9, 2019, Apple CEO Tim Cook and California Governor Gavin Newsom jointly addressed the housing crisis in California. Cook stated, “Before the world knew the name Silicon Valley, and long before we carried technology in our pockets, Apple called this region home, and we feel a profound civic responsibility to ensure it remains a vibrant place where people can live, have a family and contribute to the community.”Apple said they will provide $150 million in Bay Area housing with a public-private partnership with “Housing Trust Silicon Valley.” Apple also will give $50 million to Destination: Home to address the homeless crisis in Silicon Valley.Governor Newsom said, “This unparalleled financial commitment to affordable housing, and the innovative strategies at the heart of this initiative, are proof that Apple is serious about solving this issue. I hope other companies follow their lead.”Wedbush analyst Daniel Ives also sees Apple taking the lead- with its valuation. On July 13, the analyst estimated that by next year Apple will be worth $2 trillion. "We believe in China alone, between 60 million to 70 million iPhones are in the window of an upgrade opportunity over the next year with Apple going aggressively at all price points (SE, iPhone 12) to cement its installed base despite competitive pressures from domestic players.” Ives reiterated a Buy rating on Apple’s stock and raised the price target from $425 to $450 which suggests 13% upside potential.Likewise, Morgan Stanley analyst Kathryn Huberty maintained a Buy rating on the company’s shares and also rose the price target from $340 to $419 (implying 5% upside potential). She highlighted Apple’s iPhone trade-in program which “can unlock $147 billion of value and fund one-third of iPhone purchases over the next three years.” She says that with the upcoming 5G phones, the trade-in service represents an “under-appreciated competitive advantage.”Apple’s stock is up 36% year-to-date with a Strong Buy analyst consensus that breaks down into 26 Buy ratings versus 6 Hold ratings and 1 Sell rating. The $357.99 average price target implies 10% downside potential for the shares in the coming 12 months. (See Apple's stock analysis on TipRanks).Related News: Apple Moving Some Foxconn Manufacturing From China to India- Report Has Apple Surged Too Far, Too Fast? Analyst Weighs In Apple Is Developing Its Own Graphics Cards- Report More recent articles from Smarter Analyst: * Google Faces Antitrust Investigation From Its Home State, California * Netflix (NFLX) Stock Is a Winner, But Keep a Close Eye on Valuation * UPS: Can New CEO Improve Profit Margins in B2C Segment? Analyst Weighs In * The Fate of Nikola (NKLA) Stock Remains Up in the Air

How many tech titans does it take to change a light switch?
Tue, 14 Jul 2020 04:00:20 +0000
My contention is that using Alexa to control multiple lights simply by speaking a couple of words is convenient and quite fun. My wife maintains that the intellectual might of the world’s most valuable companies could be more usefully expended in other areas than innovating on the light switch, which is reliable, has zero latency and rarely talks back. Virtual assistants have come a long way in the past few years but they still have their foibles.

Apple says full return to offices not until the end of the year – Bloomberg News
Tue, 14 Jul 2020 02:37:13 +0000

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