Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $315.00 short put and a strike $310.00 long put offers a potential 47.06% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $315.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock dropped below the $310.00 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 75.4 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 Plunge As Coronavirus Spreads Rapidly; Apple, Tesla Lead Huge Earnings Week
Mon, 27 Jan 2020 10:48:40 +0000
Stock futures plunged as coronavirus fears hit the stock market rally. Apple earnings are on tap this week. So are AMD, Facebook, Microsoft and Tesla earnings
The Alphabet Soup of Responsible Investing Needs a Good Stir
Mon, 27 Jan 2020 07:00:36 +0000
(Bloomberg Opinion) — Investors continue to pour funds into passive investment products that aim to replicate the performance of benchmark indexes. They’re also increasingly keen that their money gets used to influence corporations to stop damaging the planet and improve social inclusiveness. Unfortunately, many of the products designed to achieve both objectives currently fall short on the goal of responsible investing.The shift in emphasizing environmental, social and governance issues puts pressure on the index providers to come up with benchmarks that more accurately reflect the concerns investors are attempting to express by allocating capital to ESG investment products. Currently, though, even dedicated ESG indexes have shortcomings that many investors are probably unaware of.The U.S. Vegan Climate exchange-traded fund, for example, tracks a $124 billion index created by Beyond Investing that excludes companies engaged in a laundry list of potentially harmful activities, including animal exploitation, human rights abuses and fossil fuels extraction. While the $14 million ETF’s top five holdings — Apple Inc., Microsoft Corp., Facebook Inc., Visa Inc. and Mastercard Inc. — may all meet those criteria, they’re hardly the first names that spring to mind when thinking about the words vegan or climate. And there are many other examples.BlackRock Inc.’s announcement this month that it plans to prioritize sustainability in its investment decisions highlights the issue confronting index trackers. With two-thirds of its $7.4 trillion of assets managed passively, the world’s biggest asset manager acknowledged that the bulk of its cash isn’t available to pursue those goals. Harnessing that firepower will become increasingly important if the passive industry is to meet the ESG aspirations of its growing customer base.It’s even likely to radically change the industry, and sooner than people realize. To that point, Hiro Mizuno, the chief investment officer of Japan’s $1.6 trillion Global Pension Investment Fund, says the days are over when it’s enough for passive fund managers to compete simply on providing the lowest tracking errors at the lowest cost. Now they have to add value too. “The main battlefield among our passive managers is going to be in the stewardship area.” he told the Financial Times last month. BlackRock is far from alone in shifting to a more moral investing stance. A survey of 300 institutional investors, financial advisers and fund managers that use ETFs published on Monday by Brown Brothers Harriman & Co. showed that almost three-quarters of respondents expect to increase the amount allocated to ESG investments in the coming year.European participants in the BBH survey ranked ESG-themed products as the ETF category they would most like to see more supply of, while Chinese investors ranked the sector as their second most desired area of expansion, along with more funds designed to track core indexes.Money is flooding into the sector. ESG-designated assets were the fastest-growing category of ETFs listed on Deutsche Boerse AG’s Xetra market last year, with investments more than tripling to more than 23 billion euros ($25 billion). Globally, ESG ETFs have enjoyed net inflows for 52 consecutive weeks, taking in $30 billion in the past year and garnering almost $3.4 billion in the week ended Jan. 20, according to data compiled by Bloomberg LP, which competes in selling index data to investors.There are two main routes whereby ETF providers can meet the implicit demands of clients allocating money to passively managed ESG products. The first is to use their collective muscle to prompt index providers to increase the granularity of the benchmarks used to shape asset allocations. Improving the discrimination of ESG indexes would go a long way to ensuring investors aren’t being hoodwinked into products that aren’t as green or socially savvy as they first appear.The second is trickier. Excluding companies deemed to be damaging the environment or being socially irresponsibly isn’t enough to move the needle. Engaging with the boards of those firms and using the clout of a shareholding to force them to change their ways is much more effective.But that costs money, and the success of the ETF model has been founded in large part on its ability to charge ultra-low fees. If BlackRock and its peers are serious about taking their social responsibilities more seriously, investors will have to pay for the privilege — and the sellers of index trackers will need to be honest about the increased cost of that kind of activism. Let’s hope the buyers of the products decide it’s a price worth paying to do good.To contact the author of this story: Mark Gilbert at firstname.lastname@example.orgTo contact the editor responsible for this story: Melissa Pozsgay at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Mark Gilbert is a Bloomberg Opinion columnist covering asset management. He previously was the London bureau chief for Bloomberg News. He is also the author of "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable."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.
Five things to watch out for in Apple’s earnings
Mon, 27 Jan 2020 05:06:03 +0000
The rally leaves expectations high for the company’s first-quarter results on Tuesday, with analysts projecting that slightly lower sales for the iPhone, iPad, Mac and MacBook will be offset by faster growth in services and wearables. The holiday period is Apple’s most important quarter by far. Apple is expected to report revenues up almost 5 per cent to $88.1bn, just shy of its record high two years ago.
TikTok Rival From Vine Creator Debuts at Top of U.S. App Store
Mon, 27 Jan 2020 03:44:36 +0000
(Bloomberg) — Byte, a new video-sharing app released Friday to compete with ByteDance Inc.’s TikTok, has rocketed to the top of Apple Inc.’s U.S. App Store.Created by Dom Hofmann, Byte reboots the deprecated Vine video-sharing service, which he co-founded in the summer of 2012 and sold to Twitter Inc. later that year. The parent company failed to find a way to make the service profitable and eventually discontinued it in 2016. Despite its brief existence, Vine became a cultural touchpoint in the U.S., with many users embracing its six-second time limit as a creative challenge. It was where controversial YouTube star Logan Paul, whose channel now has more than 20 million subscribers, got his start.Byte “ended Friday as the No. 1 free iPhone app on the U.S. App Store and is still in the top spot,” said Randy Nelson of research firm Sensor Tower. Beside the U.S., Byte is also the top free iOS app in Canada and ranks in the top 10 in Australia, New Zealand, Norway and the U.K. On Android’s Play Store, Byte is sixth among free apps in the U.S.The timing of Byte’s release coincides with a moment of reckoning for TikTok and its Beijing-based parent company. ByteDance is looking to hire a chief executive officer for TikTok, which is under increasing scrutiny from U.S. lawmakers wary about the influence of Chinese companies on American consumers. TikTok’s runaway popularity has been deemed to create “national security risks,” according to a letter by Senators Chuck Schumer and Tom Cotton in the fall.Unlike ByteDance, which is the world’s highest-valued startup, and most other social media contenders, Byte is starting off small and its community guidelines make several references to the company’s modest budget. Still, the strong early response to Byte’s arrival — coming with little to no advance fanfare — suggests the community that Vine built up remains loyal to the particular six-second format. Some of the early popular videos on the platform are humorous proclamations of “Don’t post TikToks here.”To contact the reporter on this story: Vlad Savov in Tokyo at firstname.lastname@example.orgTo contact the editor responsible for this story: Peter Elstrom at email@example.comFor 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.
3 Classic Tech ETFs to be Tested by Earnings Reports This Week
Sun, 26 Jan 2020 22:46:19 +0000
Earnings seasons is chugging along and this week brings mammoth tests for the high-flying communication services and technology sectors. Consider this week of “not fooling around” earnings reports because …
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