After Hours Most Active for Nov 26, 2024 : NVDA, TPR, CNK, IGF, VLY, AAPL, PLTR, UAA, BP, WBD, CNH, BAC
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2024
0mins
Source: NASDAQ.COM
NASDAQ 100 After Hours Performance: The NASDAQ 100 is down -14.19 to 20,908.71 with a total after-hours volume of 125,635,569 shares traded, featuring several active stocks including NVIDIA and Apple, which have seen positive earnings forecast revisions.
Stock Highlights: Notable stock movements include NVIDIA (unchanged at $136.92), Tapestry (unchanged at $61.06), and Cinemark (down -0.03 at $32.81), while iShares Global Infrastructure ETF increased by 0.1063 to $55.36, reflecting a significant rise from its 52-week low.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 299.240
Low
239.00
Averages
306.89
High
350.00
Current: 299.240
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, Wearables, Home and Accessories. Its services include advertising, AppleCare, cloud services, digital content, and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its wearables include smartwatches, wireless headphones, and spatial computers. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Processor Upgrade: The updated iPhone Air will be powered by the A20 Pro processor, the same chip set to be used in this fall's iPhones, indicating Apple's consistency in technology and product line integration, which is expected to enhance device performance.
- Product Release Cycle: The launch of the second-generation iPhone Air, approximately a year and a half after the first model debuted in September 2025, reflects Apple's keen responsiveness to market demand, although the product timeline and specifications may ultimately change.
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- Strategic Adjustment Necessity: To cope with rising costs, the company may need to reassess its pricing strategy and market positioning to maintain competitiveness and protect profit margins.
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See More
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- Intensifying Market Competition: Analyst Max Weinbach noted that if the new Siri can compete with ChatGPT and Google's Gemini, it could erode market share from these AI companies, underscoring the strategic significance of Apple's move into AI.
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See More
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- New Model Development: Apple is preparing to launch the second-generation iPhone Air in spring 2027, aiming to enhance the appeal of the slimmer device, with current prototypes, codenamed V62, adding a second rear camera for ultrawide-angle photography, showcasing Apple's ongoing innovation in camera capabilities.
- Battery Life Improvement: While the new model retains its current look, Apple is working to improve battery life, although it remains unclear whether this will be achieved through a larger battery, which could significantly impact user experience and enhance market competitiveness.
- Processor Upgrade: The updated iPhone Air will be powered by the A20 Pro processor, the same chip set to be used in this fall's iPhones, indicating Apple's consistency in technology and product line integration, which is expected to enhance device performance.
- Product Release Cycle: The launch of the second-generation iPhone Air, approximately a year and a half after the first model debuted in September 2025, reflects Apple's keen responsiveness to market demand, although the product timeline and specifications may ultimately change.
See More
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- Rising Cost Pressure: The CEO highlighted in an exclusive interview that the sharp increase in raw material and operational costs has made price hikes an “inevitable” choice, reflecting the severity of the market environment.
- Market Reaction Expectations: The anticipated price increases are likely to affect consumer purchasing decisions, potentially leading to a decline in sales volume, which could negatively impact the company's overall revenue.
- Strategic Adjustment Necessity: To cope with rising costs, the company may need to reassess its pricing strategy and market positioning to maintain competitiveness and protect profit margins.
- Industry Trend Warning: This trend not only affects the company but may also trigger a ripple effect across the industry, prompting other firms to adopt similar pricing adjustments in response to cost pressures.
See More
Recap of CNBC Investing Club Monthly Meeting
- Portfolio Analysis: During the June Monthly Meeting, Jim Cramer and Jeff Marks provided an in-depth analysis of 35 portfolio stocks, highlighting their preference for Intel due to its significant upside potential in data center CPU growth, particularly in the context of competition with TSMC.
- Tech Giants Restructuring: Cramer noted a reordering of the 'Magnificent Seven,' with newcomers like SpaceX and the yet-to-go-public Anthropic and OpenAI emerging as formidable competitors, indicating intensified market competition, especially in the AI sector.
- Strengths of Alphabet and Apple: Alphabet is positioned advantageously in the AI era with its YouTube and Waymo businesses, while Apple leverages its ecosystem of over 2.5 billion iPhone users to strengthen its AI partnership with Alphabet, showcasing both companies' robust market positions.
- Market Dynamics and Investment Strategy: Despite challenges faced by Meta and Microsoft, Cramer advises maintaining investments in Amazon and Nvidia, believing that the latter's GPU demand will continue to grow, and that Amazon's cloud business remains highly profitable.
See More
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- Strong Economic Data: US May retail sales rose 0.9% month-over-month, exceeding expectations of 0.6%, indicating resilient consumer demand that could positively impact future spending and economic recovery.
- Housing Market Recovery: Pending home sales in May increased by 3.8% month-over-month, significantly surpassing the expected 0.9%, marking the largest gain in 20 months, suggesting a rebound in the real estate market that may stimulate growth in related sectors.
- Oil Price Volatility: The agreement between the US and Iran to reopen the Strait of Hormuz has driven crude oil prices down to a 3.5-month low, increasing risk-on sentiment in the market, which may lead investors to reassess the risks and returns of energy-related assets.
- FOMC Meeting Focus: The market anticipates that the Federal Reserve will keep interest rates unchanged, but the press conference by new Chair Kevin Warsh will be pivotal, as investors closely watch his outlook on inflation to guide future investment decisions.
See More
Apple's WWDC Fails to Boost Stock Price
- Stock Decline: Apple's stock fell over 5% during WWDC, indicating a lukewarm market response to the new Siri AI features, despite analyst Dan Ives setting a $400 price target, reflecting optimism for future growth.
- AI Strategy Launch: Apple introduced an upgraded Siri at WWDC, set to launch in the fall, aiming to re-enter the AI competition; however, it lacks the revolutionary impact seen with existing products from OpenAI, potentially affecting market share.
- Analyst Support: Despite the tepid market reaction, analysts like Max Weinbach and Gene Munster expressed optimism about the new features, suggesting that if Siri AI performs well, it could disrupt ChatGPT and Google's Gemini, thereby boosting Apple hardware sales.
- Future Outlook: Ives predicts that AI could add $75 to $100 to Apple's stock price, which, if realized, would bring the stock closer to his target; however, Apple must deliver on the promises made at WWDC to achieve this goal.
See More
Apple's WWDC Fails to Boost Stock Price
- Analyst Optimism: Wedbush analyst Dan Ives raised Apple's price target to $400, predicting that 20% of the global population will access AI through Apple devices, potentially adding $75 to $100 per share, reflecting strong confidence in Apple's future.
- Lackluster WWDC Response: Despite the introduction of an advanced Siri AI at WWDC, Apple's stock fell over 5% during the event week, indicating that market expectations for the new features did not translate into immediate investment confidence, highlighting competitive pressures in the AI space.
- Intensifying Market Competition: Analyst Max Weinbach noted that if the new Siri can compete with ChatGPT and Google's Gemini, it could erode market share from these AI companies, underscoring the strategic significance of Apple's move into AI.
- Future Outlook Depends on Execution: Ives emphasized that Apple must deliver on the promises made at WWDC to achieve its price target, as success could drive hardware sales and unlock true monetization opportunities for AI, indicating the importance of innovation in Apple's strategy.
See More
