Apple (AAPL) Offering Possible 67.79% Return Over the Next 22 Calendar Days

Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $200.00 short call and a strike $205.00 long call offers a potential 67.79% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $200.00 by expiration. The full premium credit of $2.02 would be kept by the premium seller. The risk of $2.98 would be incurred if the stock rose above the $205.00 long call 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 down which suggests that the medium-term momentum for Apple is bearish.

The RSI indicator is at 74.95 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


FedEx, U.S.-China Trade Pact, Micron, Apple, BlackBerry – 5 Things You Must Know
Wed, 26 Jun 2019 09:41:00 +0000
U.S. stock futures rose Wednesday after Treasury Secretary Steven Mnuchin said the U.S. and China were “about 90% of the way” toward reaching a trade agreement. Mnuchin told CNBC he was confident that Donald Trump and Chinese President Xi Jinping would make progress in discussions at this weekend's G-20 summit in Osaka, Japan. “I'm hopeful that we can move forward with a plan … President Trump and President Xi have a very close working relationship.

US wraps up hearings on plan to hit all Chinese goods with tariffs as trade war nears first anniversary
Wed, 26 Jun 2019 09:30:00 +0000
US government hearings on proposed new tariffs on around US$300 billion of Chinese goods came to a close on Tuesday, after seven days of testimony by hundreds of companies and industry associations seeking shelter from the costs of the countries' escalating trade war.The hearings wrapped up in Washington just days before US President Donald Trump and his Chinese counterpart Xi Jinping are to meet in Japan on Saturday in a bid to get trade talks back on track after a six-week impasse.With the trade conflict set to pass the one-year mark on July 6, Trump has threatened to slap 25 per cent duties on the remaining untaxed Chinese goods, should the discussions go poorly.Over 300 representatives from industries that would be hit by such tariff action have testified before an inter-agency committee over the past week, while close to 3,000 additional written comments have been filed to the office of the US Trade Representative (USTR) from companies including Apple, Fitbit and Keurig Dr Pepper.They said, however, that the use of tariffs is costing American jobs, raising prices for consumers and, in some cases, posing a national security risk.The committee will accept written responses and rebuttals from companies until July 2, then deliver its recommendations on possible exemptions to the USTR.The trade war has ruptured global supply chains, plunged US soybean futures to their lowest point in a decade and led to higher costs for US importers."China doesn't pay the tariffs," Nate Herman, director of government relations at the Travel Goods Association (TGA), said on Tuesday during his testimony. "We do."TGA estimates that the third tranche of tariffs on US$200 billion of Chinese imports cost the travel goods industry an additional US$288 million over seven months.One member company had exhausted its line of credit to pay those tariffs upon the goods' entry into the US, Herman said in an interview on the sidelines of the hearing.A fourth and final tranche, which would cover the remaining untaxed items in the travel goods sector, would "only put the remaining nails in the coffin for our industry", Herman told the panel.In a recent letter to the USTR opposing the tariff action, Apple highlighted its pledge to invest US$350 billion in the US economy over five years and said tariff action on the company's products "would result in a reduction of Apple's US economic contribution".In its written testimony, the company said putting tariffs on fitness trackers and smartwatches would give Chinese competitors such as Huawei and Xiaomi a competitive edge in the US market.That change would place "sensitive US health, location and financial data within the Chinese government's reach", said the company, whose stock trades on the New York Stock Exchange.Testifying on Tuesday, Fitbit executive vice-president Andy Missan said that absorbing the costs of more duties in the short term was out of the question."It would take many years and millions of dollars to replicate what we've found in China, which has developed over 40 years these very high precision, small form factor processes that, frankly, coupled with the labour costs, just don't exist elsewhere in the world," Missan said.US President Donald Trump talks to Apple CEO Tim Cook during a meeting of the American Workforce Policy Advisory Board in May. In a letter to the US trade representative's office, the technology company said new US tariff action "would result in a reduction of Apple's US economic contribution". Photo: AP alt=US President Donald Trump talks to Apple CEO Tim Cook during a meeting of the American Workforce Policy Advisory Board in May. In a letter to the US trade representative's office, the technology company said new US tariff action "would result in a reduction of Apple's US economic contribution". Photo: APThe question of tariffs will be looming large this weekend when Trump and Xi meet in Japan on the sidelines of the G20 summit, with the US administration having threatened repeatedly that it would go ahead with the fourth tranche of duties should the talks not yield progress.Trump would be happy with any result of the upcoming parley with Xi, including a decision to escalate tariffs, a senior US administration official said on Monday."The US economy is stronger than it's been in many, many decades, so he's quite comfortable with his vision going into this meeting," the official said. "The president is quite comfortable with any outcome."Wearable technology maker Fitbit, whose fitness trackers are assembled in China, argued that further tariffs posed a national security risk to the US. Photo: Handout alt=Wearable technology maker Fitbit, whose fitness trackers are assembled in China, argued that further tariffs posed a national security risk to the US. Photo: HandoutIn the event that Trump does decide to push ahead with further tariffs, a source close to the talks said the duties would likely be staggered so as not to "inflame public opinion"."I don't think it'll go ahead at 25 per cent on 300 billion," the person said on condition of anonymity. "There's a lot of room there to escalate. You can do another 50 billion at 10 per cent, for example."Speaking on the sidelines of Tuesday's hearing, Herman of the Travel Goods Association said he had "high hopes but not high expectations" that upcoming presidential discussions would lead to a stalling of additional tariffs and a relaxation of existing duties. This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.

Can a $2.5 Billion Banking Upstart Really Dislodge JPMorgan?
Wed, 26 Jun 2019 06:30:13 +0000
(Bloomberg Opinion) — Monzo has been awarded the ultimate Silicon Valley seal of approval: A $144 million fundraising round led by Y Combinator, the biggest name in startup accelerators. The deal values the British banking app at $2.5 billion, twice what it was worth in the private markets last year. It has been given a license to lose money like never before as it tries to conquer America, the El Dorado for fintech challengers.The company’s attempt to displace the old “out of touch” lenders, and to show that millennials can get as excited about their bank accounts as they do about Instagram, warrants a little skepticism though. It’s unclear how Monzo intends to make a profit or deliver decent returns to its venture capital backers in a low-margin market that’s crammed with upstart rivals and dominated still by the big banks. Regulators are a worry too.Behind Monzo’s brightly-colored debit card, slick smartphone app, and “Investival” crowdfunding events where you can swig beer and eat street food, is a business that looks pretty much like… a bank. Or rather a very tiny one. It has 2 million U.K. customers; the leading British retail lender Lloyds Banking Group Plc has 10 times as many. At the end of February, Monzo had 71.2 million pounds ($90.2 million) of customer deposits, a microdot next to Lloyds’s 400 billion pound balance sheet.Whereas most banks would seek to lend from those deposits to earn a return, Monzo doesn’t really do that. Its most recent accounts show loans making up only about 0.1% of its total assets. It has started to dabble in personal lending, but the bulk of its revenue comes from fees and commissions. Its main loan product is overdrafts, for which it charges up to 15.50 pounds a month. Otherwise, it relies on getting commissions from partner companies, which use Monzo’s app to offer their own products such as savings accounts and switching energy providers. These are cutthroat markets.Regulatory barriers add to the financial pressure: Monzo posted a loss of 30.5 million pounds in its fiscal year ended 2018. Banking license requirements pushed it to raise extra funds in 2017 and new rules are coming in all the time. Britain’s Financial Conduct Authority is cracking down on overdraft charges. No wonder Monzo has started demanding fees for its premium current accounts. The perks may include “swag” like T-shirts, but 72 pounds a year is pricey.Now consider its next target, the U.S. market. A smorgasbord of cheesily-named mobile banks has been operating there for years: Simple, Chime, Varo, etc. They’ve been trying to challenge the egregiously fat fees charged by big incumbent retail banks, which is fair enough. Yet they’ve got nowhere near dislodging the top lenders. For all their flaws, the biggest banks have the most features packed into their mobile apps, according to analysts at Standard & Poor’s. JPMorgan Chase & Co.’s yearly $11.4 billion tech budget could gobble up four Monzos. Is this a market that’s truly ripe for disruption?Startups do have the edge over their bigger rivals in terms of their institutional simplicity. Victor Basta of the boutique investment bank Magister Advisors reckons the compliance demands at big financial firms mean it might take them six months to match what a startup can do in six weeks. But the heft of Wall Street and Europe’s biggest lenders does give them an advantage in the true fight over finance’s future: With Apple Inc., Inc. and Facebook Inc. The tech giants have the cash, scale, data and engineering smarts to make serious incursions into Main Street if they so choose.So Monzo and its ilk will probably find themselves competing with big banks and Big Tech one day. When that happens, they risk becoming roadkill – or street food.To contact the author of this story: Lionel Laurent at llaurent2@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Lionel Laurent is a Bloomberg Opinion columnist covering Brussels. He previously worked at Reuters and Forbes.For more articles like this, please visit us at©2019 Bloomberg L.P.

Apple buys autonomous-car startup reports
Wed, 26 Jun 2019 02:44:00 +0000
Apple Inc. acquired autonomous-driving startup on Tuesday, according to multiple reports. Apple confirmed the deal to both Axios and the San Francisco Chronicle. The startup was once valued at around $200 million and will cease operations Friday, the Chronicle reported. Apple has hired dozens of hardware and software engineers, Axios said, but a filing with the state of California said 90 employees would be laid off. The startup had offices in California and Texas. A purchase price was not disclosed. The Information reported that the deal was in the works earlier this month. The deal could signal a renewed driverless-car push by Apple. Earlier this year, CNBC reported about 190 workers in Apple's autonomous-car unit, mostly hardware and software engineers, had been laid off.

Apple buys self-driving car startup
Wed, 26 Jun 2019 01:33:57 +0000
Technology news website The Information reported earlier this month that the iPhone maker was considering acquiring the firm as a move to bring aboard some of its engineering talent to boost Apple's own self-driving efforts. One of hundreds of startups pursuing autonomous vehicles, had been running a small fleet of test shuttles in Texas, The Information reported. Apple is vying against rivals such as Alphabet Inc's Waymo to develop self-driving vehicles.

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