Apple shrugs off supply shortages as stocks head for best week in six

502
3
Apple shrugs off supply shortages as stocks head for best week in six

Apple Shrugs Off Supply-Chain Woes as Shares Head for Best week in Six.

Component shortages that have denied revenue forecasts across the corporate universe came calling for Apple this week. One in the Airline Pilots is Throwing Evidence of Out-of-practice When Doing Exit Hinks Back In Air?

None of the world s Rich and Powerful Are Stashing $500 Billion in This Tax Haven.

Why Buying a second or even third home is becoming more popular than ever?

What's the best green gas for the future of GE?

The Biggest National Park in the U.S. Is America a Park?

Shares were up 0.5% on Friday and are set to wrap up their best week in six, despite expectations that the tech giant will deliver millions fewer iPhone 13 devices this year than originally planned due to supplier constraints. The shortfall could total as many as 10 million units, people with knowledge of the matter said.

Investors thoughtless response to the reports suggests many expect supply chain disruptions and are convinced that sales are not losing, just delayed. Morgan Stanley s Katy Huberty really encouraged investors to buy Apple shares, saying the company s size and importance to suppliers means the shortages will hit its rivals harder.

If Apple can't meet the near-term demand, the shortfall is likely to be even greater at competitors, resulting in an opportunity for share gains, she wrote in a research note.

The rally in Apple s shares could also be a sign that the stock -- along with others in the megacap group - is finding a footing after a big selloff fueled by the jump in Treasury yields. Apple has now advanced for two consecutive weeks after falling more than ten percent from a September record in September.

Apple shares are up 3% to a three-month low from the high of Oct. 4. Amazon.com Inc. and Alphabet Inc. both rebounded with two consecutive gains in the week - long term. Only Facebook has been dropping in U.S. technology?

For Fidelity Investments, Director of Global Macro at Jurrien Timmer, stocks like Apple and Alphabet are particularly attractive because they boast reasonable valuations relative to revenues growth expectations.

I think growth remains an underrated theme, explained Timmer in an interview. These companies produce a ton of revenue, a ton of free cash flow and are consistent about it. Apple is now trading at 26 times earnings projected over the next 12 months, down from 28 in early September and below the average multiple of 28 in the Nasdaq 100 Stock Index. When the Cupertino, California-based company reports results for its fiscal fourth quarter on Oct. 28, it is projected to deliver more than $20 billion in profits, an increase of 60% from the same period a year ago.

On Monday, Apple is expected to unveil the first MacBook Pro redesign in five years. The new laptops will be the first high-end MacBook Pros with Intel Corp. chips to feature Apple built processors and replace them atop of the MacBook Pro can also be designed by Apple.

The fact that Apple is releasing new products signals the company's confidence in its ability to deliver them to customers by the holiday season, according to Wedbush analyst Daniel Ives.

There is none Jane Fraser, who has a plan to remake Citigroup while Tormenting Rivals in the spotlight.

None These out-of- work Americans in US speak about Job Market Turmoil.

How Donald Trump, Elon Musk and Gwyneth Paltrow Short Circuit Your Ability to Think Rationally?

What can anyone tell me about my research from My Brain?