Nasdaq AAPL Apple

Nvidia Corp short sellers have lost $5.09 billion so far this year as the stock has jumped more than 90%, according to financial data firm S3 Partners.

The Federal Open Market Committee (FOMC) is widely expected to pull the trigger on another 25-basis point (0.25%) rate hike today. But given three of the largest U.S. bank failures in recent months, will the Fed stay the course?

The world’s largest mega-cap technology stocks have been in the spotlight after reporting better-than-feared results that lifted market sentiment last week. Four of the five biggest tech players — Microsoft MSFT, Amazon AMZN, Meta Platforms META and Alphabet GOOGL — came

Apple AAPL, the unequivocal king of the stock market reports earnings Thursday, May 4 after the market closes. As the world’s leading consumer products and technology company, Apple’s earnings act as an important bellwether for the broader economy.

In early trading on Wednesday, shares of Intel topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.8%. Year to date, Intel registers a 15.7% gain.

We're in the midst of the period when companies issue their financial reports for the quarter that ended March 31, and Wall Street pros and regular investors alike are keeping a close eye on the results. With inflation falling but still elevated, and interest rates higher than th

For Immediate ReleaseChicago, IL – May 3, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in th

Apple Inc will likely report a more than 4% drop in revenue, its second straight quarterly decline, weighed down by consumers shunning non-essential purchases such as iPhones and Mac computers and slowing growth at its services business.

Apple ( NASDAQ:AAPL ) will announce its second-quarter financials on Thursday, May 4, 2023. Wall Street expects Apple’s top line to drop, reflecting the ongoing weakness in product sales. However, the momentum in Services revenue could continue to support overall sales.  Analysts Weigh In Analysts expect Apple to report  revenue of $92.91 billion in the second quarter, reflecting a year-over-year decline of about 4.5%. Momentum in Services sales and the easing of supply-chain headwinds and improvement in China could support overall revenue, but tough year-over-year comparisons and pressure on consumer spending due to high inflation and interest rates will likely hurt Mac sales.  Monness analyst  Brian White expects AAPL’s Q2 revenue to decrease by 6%. In a note to investors dated May 1, White expects iPhone sales to improve compared to Q1. However, he sees iPhone revenue declining by 4% year-over-year. The analyst projects a 43% drop in Mac revenue, reflecting weak consumer spending trends and normalization in demand post the easing of COVID-led lockdowns.  Nonetheless, White forecasts a 7% growth in Apple’s Services sales, reflecting a growing installed base of active devices and an increase in paid subscriptions.  Along with White, Goldman Sachs analyst  Mike Ng sees a 3% drop in Apple’s Q2 revenues. On April 24, the analyst said he expects a 5% fall in AAPL’s product revenues. However, he expects iPhone sales to offset the weakness in Mac revenue. Given the ongoing pressure on its top line, analysts project AAPL’s earnings to decline in Q2. Wall Street expects AAPL to  post earnings of $1.43 a share in Q2, compared with an EPS of $1.52 in the prior year’s quarter.  Is Apple a Buy, Sell, or Hold?     Apple stock has gained about 30% year-to-date. Further, analysts maintain their bullish outlook on AAPL stock. It has received 21 Buy, four Hold, and one Sell recommendations ahead of Q2, reflecting a Strong Buy consensus rating.  The analysts’ average price target of $175.05 implies 3.86% upside potential.  Bottom Line  While Apple’s top line is projected to decline in Q2, iPhone sales could show improvement. Further, the easing of supply-chain headwinds and ongoing strength in the Services segment bodes well for growth. Apple could also provide a favorable update on share buybacks or dividends, which could act as a catalyst.  Disclosure

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Shiba Inu became the darling of the cryptocurrency industry in 2021 when it generated a gain of 43,800,000%, which could've made millionaires out of investors for an outlay of just $3, assuming their timing was perfect.

The ever-developing nature of the tech market makes it one of the most reliable ways to enjoy consistent gains. In fact, the Nasdaq-100 Technology Sector index rose 340% over the last decade, with many companies enjoying substantially larger rises in that time.

The calm that has prevailed in the U.S. equity market may be starting to snap, as a range of worries bolster the case for investors looking to take profits on a rally that has seen the S&P 500 gain more than 7% this year.

Apple (NASDAQ:AAPL) is slated to report its Q2 FY’23 results on May 4, reporting on a quarter that likely saw the company’s sales contract amid weaker demand for computing devices and headwinds in the digital services business.  We estimate that Apple’s rev

Prominent investors including hedge fund and private equity managers at a major industry conference say they are shying away from stocks and real estate amid uncertainty over interest rates, fears of a recession and threat of a U.S. debt default.

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in NerdWallet Inc (Symbol: NRDS), where a total of 4,690 contracts have traded so far, representing approximately 469,000 underlying shares. That amounts to about 89.2% of

Tuesday, May 2, 2023The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features a real-time update on the ongoing Q1 earnings season in addition to new research reports on 16 major stocks, including Apple Inc. (AAPL), Mi

Market gains this year have been largely driven by the world's largest companies, which extended their rally last week after reporting better-than-feared results. Prior to these reports, concerns had arisen about lofty valuations, macro headwinds, and an earnings recessio