Apple (AAPL) Offering Possible 45.99% Return Over the Next 30 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $305.00 short put and a strike $295.00 long put offers a potential 45.99% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $305.00 by expiration. The full premium credit of $3.15 would be kept by the premium seller. The risk of $6.85 would be incurred if the stock dropped below the $295.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Apple is bearish and the probability of a decline 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 78.32 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

Apple May Compensate Customers for Processor Throttling
Tue, 19 May 2020 07:53:44 +0000
Customers may soon be compensated by technology giant Apple (AAPL) for its initial approach to iPhone processor throttling. Federal District Judge Edward Davila preliminarily approved a maximum $500 million settlement for customers who complained that Apple slowed down certain iPhones without informing them, calling the deal “fair, reasonable and adequate.” However, Davila would like to postpone a final approval hearing until December, citing concerns about Covid-19.According to Apple, the throttling technique was done to extend the lifespans of phones by reducing the likelihood of sudden phone shutdowns as their batteries wore down over time. The company failed to disclose and explain that to customers, however, which led some customers to think that purchasing a new phone would solve the problem. The lawsuit covers people who used the iPhone 6s, iPhone 7 and original iPhone SE before December 21st, 2017.The proposed settlement would pay each iPhone user $25, or up to $500 per person if the total payouts, attorney fees and expenses don’t reach a minimum of $310 million.Apple, the world’s second most valuable company with a market cap of $1.33T, has fared relatively well during the Covid-19 era, dropping initially and then recovering.Morgan Stanley analyst Katy Huberty estimates that Apple’s App Store net revenue grew 31% year-over-year in the month of April, leading to its strongest month in over two and a half years. Total App Store downloads grew 40% year-over-year, said Huberty, who called this the strongest download growth figure since 2015. The analyst, who believes lockdown restrictions have been the primary driver of the App Store’s recent performance, expects April will mark the peak in App Store growth rates this quarter.The stock is up slightly year-to-date at $307 a share, with a Strong Buy consensus and an average price target of $317, representing 3% upside over the next 12 months. (See Apple stock analysis on TipRanks). Related News:Apple To Reopen More Than 25 U.S. Stores This WeekDan Loeb Snaps Up 1.4M Disney Shares; Says Goodbye to Campbell SoupUber’s Latest Takeover Offer Said To be Rejected By GrubHub More recent articles from Smarter Analyst: * Tesla’s China Car Registrations Plummet In April- LMC Auto * Novavax Seeks To Raise $250 Million From Share Sale; Top Analyst Bumps Up PT * Baidu Pops 8% After-Hours On Strong Earnings Beat * Amazon Is Said To Be In Talks To Buy Bankrupt J.C. Penney

White House panel: Build new tech infrastructure for future jobs
Tue, 19 May 2020 04:00:01 +0000
A White House advisory panel on Tuesday will call for the government and private industry to work together to build new technological infrastructure to support future jobs and provide the underpinnings critical to a solid economic recovery from the coronavirus pandemic, an official briefed on the plans said. The White House American Workforce Policy Advisory Board, which is co-chaired by White House adviser Ivanka Trump and U.S. Commerce Secretary Wilbur Ross, and includes Apple Chief Executive Tim Cook, Lockheed Martin Chief Executive Marillyn Hewson and IBM Executive Chairman Ginni Rometty, plans to call for “an unprecedented investment in digital infrastructure.”

Dow Jones Futures: Coronavirus Stock Market Rally Soars On Vaccine Hopes; Alibaba Clears Buy Point, Apple Near
Tue, 19 May 2020 02:53:17 +0000
Dow Jones futures: The coronavirus stock market rally surged as vaccine progress raised hopes for a rapid economic recovery. Will real economy stocks lead?

Sony, Microsoft Strike Deal on Tiny AI Chip With Huge Potential
Tue, 19 May 2020 02:22:52 +0000
(Bloomberg) — Sony Corp. and Microsoft Corp. have partnered to embed artificial intelligence capabilities into the Japanese company’s latest imaging chip, a big boost for a camera product the electronics giant describes as a world-first for commercial customers.The new module’s big advantage is that it has its own processor and memory built in, which allows it to analyze video using AI tech like Microsoft’s Azure, but in a self-contained system that’s faster, simpler and more secure to operate than existing methods.The two companies are appealing to retail and logistics businesses with potential uses like optimizing warehouse and factory automation, quantifying the flow of customers through stores and making cars smarter about their drivers and environment.At a time of increasing public surveillance to help rein in the spread of the novel coronavirus, this new smart camera also has the potential to offer more privacy-conscious monitoring. And should its technology be adapted for personal devices, it even holds promise for advancing mobile photography.Read more: Sony Releases Faster Camera Sensors With Integrated AIInstead of generating actual images, Sony’s AI chip can analyze the video it sees and provide just metadata about what’s in front of it — saying instead of showing what’s in its frame of vision. Because no data is sent to remote servers, opportunities for hackers to intercept sensitive images or video are dramatically reduced, which should help allay privacy fears.Apple Inc. has already proven the efficacy of combining AI and imaging to create more secure systems with its Face ID biometric authentication, powered by the iPhone’s custom-designed Neural Engine processor. Huawei Technologies Co. and Alphabet Inc.’s Google also have dedicated AI silicon in their smartphones to assist with image processing. These on-device chips represent what’s known as edge computing: handling complex AI and machine-learning tasks at the so-called edge of the network instead of sending data back and forth to servers.“We are aware many companies are developing AI chips and it’s not like we try to make our AI chip better than others,” said Hideki Somemiya, senior general manager of Sony’s System Solutions group. “Our focus is on how we can distribute AI computing across the system, taking cost and efficiency into consideration. Edge computing is a trend, and in that respect, ours is the edge of the edge.”Sony’s advance is to eliminate the need for transfers within the device itself. Whereas Apple and Google still use conventional image sensors that convert light particles into computer-readable image formats for their chips to read, Sony’s new part is capable of doing the analytical work without any data leaving its physical boundaries.The AI-capable sensor may also help advance augmented reality applications. The two U.S. giants, whose iOS and Android operating systems control practically the entire smartphone market, are heavily invested in AR development. Google Maps now offers the option to show 3-D directions atop a video feed of a user’s surroundings while Apple is planning new 3-D cameras on its next set of iPhones in the fall. The agenda-setters of the mobile industry are looking for ever smarter mobile cameras, spurring the demand for more sophisticated imaging gear.Read more: Google Delivers an Answer to Apple on Augmented RealitySony already enjoys a substantial lead as the world’s foremost provider of image sensors, counting Apple, Samsung Electronics Co. and every major Chinese smartphone maker among its customers along with pro camera stalwarts like Hasselblad V, Fujifilm Holdings Corp. and Nikon Corp.Its next set of customers may be automakers.The AI-powered Sony sensor is capable of recording high-resolution video and simultaneously conducting its AI analysis at up to 30 frames each second. That rapid, up-to-the-microsecond responsiveness makes it potentially suitable for in-car use such as detecting when a driver is falling asleep, Sony’s Somemiya said. Without the need for a “cloud brain” as some existing systems have, Sony’s AI sensor could hasten the adoption of smart-car technology.”This on-chip approach enables a system design to be more flexible and even optimized, given that the cost of image processing, which is one of the most compute-intensive tasks for autonomous driving, can be offloaded from an electronic control unit,” said Shinpei Kato, founder and chief technology officer of Tokyo-based Tier IV Inc., which develops self-driving software.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.

Apple Nears Trade Crosshairs Again; Wedbush Weighs In
Tue, 19 May 2020 00:10:09 +0000
Is now the time to resume the US-China trade war? Not according to Wedbush analyst Daniel Ives. The 5-star analyst argues a new US Commerce Department directive to halt the shipment of US semiconductors to Chinese tech giant Huawei, represents “a ‘doubling down’ on sanctions against this major Chinese smartphone artery.”In retaliation, according to China’s Global Times, Chinese authorities are considering putting specific US companies, including Apple (AAPL), on an "unreliable entity list," thereby positioning Apple and its peers in the middle of the renewed trade battle crossfire.Taking a step back, Ives said, “The last thing any already white knuckle tech investor wanted to see in the middle of a once in a century global pandemic/lockdown is a ratcheting up of tensions between US and China aimed at semis and the overall tech sector that have been an instrumental part of the market rally over the past month despite dark storm clouds.”Apple’s reliance on a functioning US-China relationship cannot be underestimated, and the renewed hostilities could affect the giant from Cupertino like possibly no other US company. Apart from its role as the manufacturing base for 95% of Apple products, China provided $9.5 billion of revenue for the iPhone maker in the company's fiscal second quarter.So, what next? Apart from getting caught in the crossfire, Apple is getting squeezed from both sides of the supply and demand equation.From a demand perspective, China, a growing consumer base, is set to provide Apple with approximately 20% of iPhone upgrades over the next 12-18 months, amounting to an estimated 60 million to 70 million in iPhone sales.Flip to the other side, and supply wise, should developments take a particularly nasty turn, Ives estimates Apple “would only be able to move 5%-7% of iPhone production to India/ Vietnam over the 18 to 24 months.”However, Ives currently believes such a scenario is unlikely, and noted, “While uncertainty will add to an already worrisome near-term situation around the global demand picture for Apple, the fundamental impact on iPhone production and the potential backlash in the region thus far is more bark than bite at this point in our opinion.”Ives has an Outperform rating on Apple, to go along with a $350 price target, which implies an 11% upside, should the target be met over the coming months. (To watch Ives’ track record, click here)The rest of the Street is hardly less enthusiastic. 4 Holds and 1 Sell are countered by a resounding 28 Buys. The average price target is $317.92 and represents only modest upside of 1%. (See Apple stock analysis on TipRanks)Read more: * Can Nvidia Stock Live Up to the Q1 Hype? 5-Star Analyst Weighs In * 3 Airline Stocks to Bet on After the Coronavirus Crash * 3 “Strong Buy” Stocks Billionaire Ray Dalio Just Bought

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