@koolgal:$Apple(AAPL)$ has dipped below the 140 psychological level today. It is looking very attractive to buy the stock now. Apple's highest stock price over the past year was 182.94 and hitting 3 Trillion dollars in market cap just briefly. Its lowest point was 122.86. According to the Financial Analysts Apple is a Buy with 80 Buy ratings, 18 Hold ratings and 1 Sell Rating.Currently Apple stock forecast for the next 12 months is 181. The reasons being Covid lockdown in China, Supply Chain Disruption and likely slow down in the economy. Still Apple is a solid stock to hold. It had posted a strong Q2 result. Revenue increased 9% year on year to 93.3 billion dollars. Its Basic Earnings per share is up
@StarLuck:$Apple(AAPL)$2Q earnings beat the street’s estimates, but offered a not so rosy 3Q guidance, should investors be worried?In 2Q2022 release, we saw Apple CEO Tim Cook giving guidance for 3Q2022 that didn’t make Wall Street very happy.Cook revealed that supply chain constraints pertaining to COVID-driven plant shutdowns in the Shanghai area, along with industry component shortages, are expected to result in a substantial drag of US$4 billion to US$8 billion for fiscal 2022’s third quarter (3Q2022). Also, with mounting inflationary pressures, Apple’s gross margin forecast of 42-43% implies that there may be a year on year margin contraction compared to the 43.3% in 3Q2021.Investors of this blue-chip technology stock may wonder if this piece of
@koolgal:$Amazon.com(AMZN)$BullishAmazon share price has been on an upswing lately as investors are piling back into this quality tech stock.Wall Street Analysts are also optimistic about Amazon. It is a strong BUY with 39 analysts, the average Target Price is USD176.04 implying a 22.63% upside.Even the legendary investor, George Soros has been buying big on Amazon with USD 213 million worth of shares.Recently Amazon has been on an acquisition spree. It announced a USD3.5 billion deal with 1 Life Healthcare and USD 1.65 billion agreement with iRobot, maker of Room a vacuum. In the latest quarterly report, Amazon reported a net loss of USD 2 billion and in the previous quarter, a net loss of USD 3.8 billion. In the 2nd quarte
@Wayneqq:Although it looks like inflation is easing.. it is important to see it from the perspective of theconsumers and how they can afford things.. rise in wages have not kept up with inflation.. we are talking about 8+% rise in inflation on a month on month basis.. what this means is an item that cost 100 bucks last month is going to cost more than 108 bucks this month.. and going to cost more than 116 bucks (108*1.08) next month.. i dun believe anyone wages is going up by that amount.. Businesses would either pass this cost to consumers or absorb it themselves.. Absorbing it means lower profit.. hence reduce earnings and stock prices would likely go down.. Passing to consumers means less people can afford or want to buy if it is discretionary products and services means less