Nasdaq Futures Fall as Micron’s Sales Outlook Disappoints, U.S. GDP Data and Nike Earnings in Focus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
0mins
Should l Buy AAPL?
Source: NASDAQ.COM
- Market Trends: Nasdaq 100 E-Mini futures are down due to Micron's sales forecast, while investors await U.S. economic data, a presidential debate, and Nike's earnings report.
- Stock Performance: FedEx and Apple saw gains, while Moderna faced losses in yesterday's trading session.
- Economic Data: U.S. new home sales fell, Building Permits were revised higher, and the Federal Reserve announced that large banks passed the annual stress test.
- Interest Rate Outlook: Fed Governor Michelle Bowman expects inflation to decline further, with rate cuts potentially in the future.
- Global Markets: Euro Stoxx 50 futures are up, Asian markets closed lower, and China's industrial profits slowed down, impacting stock performance.
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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: 261.730
Low
239.00
Averages
306.89
High
350.00
Current: 261.730
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, and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS, visionOS, and tvOS. 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 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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- Enhanced User Features: The new functionality allows users to seamlessly switch between watching and listening within the same show, supporting picture-in-picture mode and offline downloads, significantly improving user convenience and content consumption flexibility.
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- Enhanced User Features: The new features support picture-in-picture mode and offline video downloads, catering to user demands for flexible viewing while empowering content creators with greater control to foster their business development.
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- Momentum Surge: The company's momentum score increased from 89.27 to 92.92, placing it in the top 10% of all stocks tracked by Benzinga Edge, indicating strong price strength and volatility, which enhances market confidence in its future performance.
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See More
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- Strong Long-term Prospects: Berkshire's portfolio also includes companies like American Express, Coca-Cola, and Visa, which have solid long-term growth potential, enhancing its investment appeal.
- Management Stability: Although Warren Buffett is no longer CEO, he remains confident in the company's future and believes that under Greg Abel's leadership, Berkshire's prospects will improve, demonstrating the stability of its governance and potential for continued growth.
See More
