There’s a very short window to bet against the dollar, says Goldman Sachs.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 11 2024
0mins
Should l Buy AAPL?
Source: MarketWatch
- CPI Day Observance: Mention of CPI day and a promise of more information on the key report.
- Brief Window to Bet Against USD: Karen Reichgott Fishman from Goldman Sachs suggests a brief opportunity to bet against the U.S. dollar if inflation behaves as expected.
- Dollar Surpasses 2023 Highs: The dollar has exceeded highs from 2023 according to the senior currency strategist.
- Subscription Requirement: A prompt for readers to log in if they are already subscribers.
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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: 273.430
Low
239.00
Averages
306.89
High
350.00
Current: 273.430
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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- Oil and Stock Market Rally: Despite stalled negotiations between the U.S. and Iran, investors are driving Asian stock markets higher, with Japan's Nikkei and South Korea's KOSPI reaching new record highs, reflecting optimism about future economic recovery.
- China's Industrial Profit Surge: According to the National Bureau of Statistics, profits at China's industrial firms grew by 15.8% year-on-year in March, marking the fastest growth in six months, indicating strong domestic economic resilience amid global oil market volatility.
- Upcoming Fed Policy Meetings: This week will see several key policy meetings, including those of the Federal Reserve and the European Central Bank, with markets closely watching for implications on future monetary policy, especially given the strong economic data.
- Earnings Season Peak: This week marks the peak of the earnings season, with five members of the 'Magnificent Seven' set to report results; so far, about 82% of S&P 500 companies have exceeded expectations, showcasing robust corporate profitability that may further boost market sentiment.
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- Real Estate Trust: Realty Income has issued dividends for 670 consecutive months and increased payouts 134 times since its 1994 NYSE listing, currently offering a 5% yield, which provides stable cash flow amidst market fluctuations, enhancing investor confidence.
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See More
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- Market Peaks: The stock market is currently at historical highs, with investors optimistic about future economic prospects; however, the earnings reports from tech giants like Apple, Amazon, and Google will be key factors that could influence market trends.
- Earnings Impact: The performance of companies such as Apple, Amazon, and Google will directly affect investor confidence, and if their results exceed expectations, it could further drive the market upward, while disappointing results may lead to a market correction.
- Spending Trends: The spending of these tech companies on R&D and marketing will be closely monitored, especially against a backdrop of increasing economic uncertainty, as investors hope to see sustained growth and innovation.
- Iran Negotiations Halted: Meanwhile, the talks with Iran have been called off, which could have indirect effects on global markets, particularly regarding energy prices and supply chains, prompting investors to remain vigilant.
See More
Tech Giants' Earnings and Spending Will Be Key
- Market Highs Challenge: While the stock market is at highs, the earnings and spending results of tech giants like Apple, Amazon, and Google will be key focal points, potentially impacting investor confidence and market trends.
- Iran Talks Halted: The cancellation of talks with Iran may have implications for global markets, particularly in the energy and tech sectors, prompting investors to closely monitor further developments.
- Earnings Pressure: As earnings season approaches, expectations for tech companies' profitability are under pressure, with analysts keenly observing their spending strategies to assess future growth potential.
- Investor Sentiment Fluctuation: Market sentiment may fluctuate based on the earnings results of tech giants, especially in the current economic environment, where investors are filled with both anticipation and concern regarding these companies' performances.
See More
Apple's iPhone Faces Long-Term Risks Amidst Competition
- Revenue Dependency: Nearly 60% of Apple's revenue comes from its flagship iPhone, which saw a 23.4% year-over-year increase to $85.3 billion in Q1 2026, highlighting its critical role in overall revenue but also exposing risks associated with reliance on a single product.
- Competitive Threats: The rise of artificial intelligence may lead to new hardware devices that could become the default for consumer internet access, posing a significant threat to Apple's competitive position, especially with AI hardware devices expected to launch soon.
- Leadership Transition: Incoming CEO John Ternus brings unparalleled expertise in hardware engineering, which could sharpen Apple's focus on its product division, enhancing performance in a competitive market, although risks remain, the company is not in trouble yet.
- Ecosystem Advantage: With over 2.5 billion active devices globally, Apple has established a robust distribution network and ecosystem, making it challenging for new competitors to replicate its success, thereby reinforcing the company's economic moat.
See More
Apple's Long-Term Risks and Opportunities Amidst AI Innovations
- iPhone's Significance: Since its launch in 2007, the iPhone has been crucial to Apple's (AAPL) success, with Q1 2026 revenue growing 23.4% year-over-year to $85.3 billion, representing 59.3% of total revenue, highlighting its market dominance.
- Competitive Risks: Apple's success is heavily reliant on the iPhone, and if a competitor introduces a new hardware device that gains widespread adoption, it could weaken Apple's competitive position, especially as AI technology's impact grows.
- Market Dynamics: Despite the risks, analysts believe that a product replacing the iPhone is unlikely in the short term, as Apple has a distribution advantage with over 2.5 billion active devices, creating a robust ecosystem that is hard to replicate.
- Leadership Change Impact: Apple's new CEO, John Ternus, possesses unparalleled expertise in hardware engineering, which is expected to sharpen the focus on the product division, enhancing the company's competitive edge, indicating that while risks exist, Apple is not in trouble yet.
See More
