Tag Archives: aapl

Apple Crosses Key Support Level, Joining Netflix, But Can It Hold It?

Update: Apple ( AAPL ) stock rose 1.2% to 111.75 on Wednesday morning, retaking its 200-day moving average after several big-cap peers did so on Tuesday. But can the iPhone maker finally close above this level, and turn resistance into support * * * Netflix ( NFLX ), Schlumberger ( SLB ), AbbVie ( ABBV ) and MasterCard ( MA ) all rose above their 200-day moving averages Tuesday, while Apple shares continued to close just below that support level. It’s not a huge surprise that several big-cap stocks retook their 200-day lines. The Nasdaq also did so on Tuesday. The Dow and S&P 500 have been above that level for weeks. Still, it’s a key step on the road to recovery. Netflix Netflix, which reports Q1 earnings on Monday, rose 4.2% on the stock market today to 107, its best level since late January. Netflix had run into resistance for several sessions just below  the 200-day. Netflix has been consolidating since peaking at 133.27 on Dec. 7.  (Netflix jumped 3.3% Wednesday morning to its highest since mid-January.) Schlumberger Schlumberger rallied along with the energy sector, as crude futures rose above $42 a barrel to a 4-month high. Schlumberger rose 2.7% Tuesday to 75.90, topping its 200-day line for the time since last June. (Schlumberger rose fractionally Wednesday morning.) AbbVie AbbVie rose 2.4% Tuesday, just getting above its 200-day line. It hasn’t been consistently held above that level since last August. Late Monday, the FDA approved a leukemia drug by AbbVie and Roche ( RHHBY ) unit Genentech. (Wednesday morning, AbbVie fell 1.6%, once again dropping below the 200-day.) MasterCard MasterCard rose 0.4% Tuesday to 93.86. The stock has been finding support at or above its 200-day line for the past few weeks. The stock is forming a cup-with-handle base going back to Nov. 11.  (On Wednesday morning, MasterCard rose 1%.) Apple As for Apple, shares rose 1.3% to 110.44 on Tuesday, just below the 200-day line at 110.78. Apple crossed its 200-day on April 4 intraday, but has yet to close above that level since early October.

Netflix, Schlumberger Stocks Just Did This, While Apple Falls Short

Netflix ( NFLX ), Schlumberger ( SLB ), AbbVie ( ABBV ) and MasterCard ( MA ) all rose above their 200-day moving averages Tuesday, while Apple ( AAPL ) shares continued to close just below that support level. It’s not a huge surprise that several big-cap stocks retook their 200-day lines. The Nasdaq also did so on Tuesday. The Dow and S&P 500 have been above that level for weeks. Still, it’s a key step on the road to recovery. Netflix Netflix, which reports Q1 earnings on Monday, rose 4.2% on the stock market today to 107, its best level since late January. Netflix had run into resistance for several sessions just below  the 200-day. Netflix has been consolidating since peaking at 133.27 on Dec. 7. Schlumberger Schlumberger rallied along with the energy sector, as crude futures rose above $42 a barrel to a 4-month high. Schlumberger rose 2.7% Tuesday to 75.90, topping its 200-day line for the time since last June. AbbVie AbbVie rose 2.4% Tuesday, just getting above its 200-day line. It hasn’t been consistently held above that level since last August. Late Monday, the FDA approved a leukemia drug by AbbVie and Roche ( RHHBY ) unit Genentech. MasterCard MasterCard rose 0.4% Tuesday to 93.86. The stock has been finding support at or above its 200-day line for the past few weeks. The stock is forming a cup-with-handle base going back to Nov. 11. Apple As for Apple, shares rose 1.3% to 110.44, just below the 200-day line at 110.78. Apple crossed its 200-day on April 4 intraday, but has yet to close above that level since early October.

Teens Still Crave iPhones, But Not So Much Into iPads, Apple Watch

Apple ‘s ( AAPL ) iPhone remains a sought-after item for U.S. teenagers, but young people are losing interest in iPads and have little interest for now in the Apple Watch. Those are among the findings of Piper Jaffray’s latest semiannual Taking Stock With Teens survey, released late Tuesday. Piper Jaffray surveyed 6,500 teenagers using classroom visits and electronic surveys for its latest report. Of those surveyed, 1,300 teens were in the upper-income group. IPhone ownership among U.S. teens rose to a high of 69% in Piper’s spring survey, vs. 67% in fall 2015. Plus, some 75% of teens expect their next phone to be an iPhone, up from 74% last fall. “Apple maintained steady momentum in iPhone ownership among teens,” Piper analyst Gene Munster said in the investment bank’s research report. “We continue to expect small positive changes in the share numbers for iPhone given purchase intent and the over indexing of teens to the U.S. in total, where we believe iPhone has around 50% share.” The latest Piper survey also found that tablet interest among teens is declining along with the product segment overall. Teen tablet ownership declined for the third consecutive survey to 59% this spring from 61% last fall. Apple iPad share was stable at 64% among tablet owners vs. 65% last fall. In the new category of smartwatches, 12% of teens said they own a smartwatch and Apple Watch represented 71% share of those owners, Munster said. Looking forward, 10% of teens say they are interested in purchasing an Apple Watch compared with 8% last fall, which represents a stabilization in interest after falling the last two surveys. The teen survey reinforced that the Apple brand “remains healthy among the young demographic,” Munster said. He reiterated his overweight rating on Apple stock with a price target of 172. Apple stock rose 1.3% to 110.44 on the stock market today . Looking at other consumer electronics, Fitbit ( FIT ) performed well in the survey, while GoPro ( GPRO ) showed weakness. The U.S. teen survey showed strong intent to purchase fitness trackers. Some 22% of upper-income teens plan to buy a fitness tracker in the next six months vs. 15% last spring, Piper analyst Erinn Murphy said in the report. Fitbit was the No. 1 fitness band at 72% ownership share, up from 53% in the fall. GoPro action cameras declined on teen wish lists, getting less than 1% vote for the first time in two years. Just 0.9% of teens listed GoPro as one of two top birthday gifts.