Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (59974)	9/13/2024 11:09:12 AM
From: Johnny Canuck	1 Recommendation Recommended By Return to Sender Respond to of 69134

Apple Stock Q4 Forecast: Can the iPhone 16 Take AAPL to Record Highs? Mohit Oberoi - Barchart - 22 minutes ago Follow this Author Technology (names A - I) - Apple Inc phone and data-by Anderson Reis via Shutterstock Apple (AAPL) finally launched its artificial intelligence (AI)-enabled iPhone 16 earlier this week. AAPL stock closed lower on Monday as the company unveiled the widely-awaited product, which was not necessarily surprising, as AAPL has historically underperformed markets on the day it launches new iPhones That does not necessarily mean that the products aren't good; it's more so that the announcements are largely baked into prices in advance, and usually Apple does not have incrementally positive announcements to make on the launch day. In this article, we’ll look at Apple’s Q4 forecast, and analyze whether the iPhone 16 could take AAPL stock to new highs. www.barchart.comApple iPhone 16 LaunchOne of the biggest dampeners during the Apple iPhone 16 launch event was the revelation that the company's flagship “Apple Intelligence” wouldn’t be available at launch, and the features will be available only sometime next month. The company will then subsequently add to these features. Apple Intelligence will initially be launched in U.S. English and expand to localized English in December. Support for non-English languages will only be available in 2025. Importantly, Apple Intelligence won’t be available in China and Europe for now, due to regulatory issues. There was one surprise announcement at the event, though, and the new AirPods will now double as a hearing aid. The tech giant has long been eyeing the healthcare industry, and as far back as 2019, Tim Cook said that improving people’s health would be "Apple’s greatest contribution to mankind.” Analysts Were Somewhat Underwhelmed by the iPhone 16Post-launch, Wall Street analysts were somewhat underwhelmed by the iPhone 16 – especially the lack of a clear timeline for the Apple Intelligence rollout. Needham analyst Laura Martin doubts the narrative that the iPhone 16 will fuel a massive replacement cycle, and said, "I just think there’s no compelling reason that somebody should run out and buy a new iPhone 16.” Martin instead believes that buyers should wait for the iPhone 17, as it will “have cooler stuff and there will be more gen. AI capability." JPMorgan analyst Samik Chatterjee, who is otherwise bullish on AAPL, found the AI details “blurry.” However, Wedbush analyst Dan Ives believes the iPhone 16 will be the "most successful iPhone unit launch in its history” and raised his Apple target price to match the Street-high of $300, which would imply the company’s market cap topping $4 trillion. Ives said, “We believe the careful rollout of Apple Intelligence features over the next 6-9 months is the right strategy to catalyze a major upgrade opportunity within Apple's installed base.” AAPL Stock ForecastApple currently has a “Moderate Buy” rating from 31 analysts covering the stock. Its mean target price is $246.61, which is 10.7% higher than yesterday’s closing prices. www.barchart.comApple has had a love-hate relationship with sell-side analysts this year. Three brokerages downgraded AAPL stock in the first two weeks of January alone, which was quite a rarity for the company. Since then, however, analyst sentiment has slowly turned around, particularly after the Worldwide Developer Conference (WWDC) in June, where Apple unveiled its AI initiatives. Can Apple Stock Rise to New Records in Q4?Apple stock peaked in mid-July, and has since failed to reclaim those highs. Markets now await the iPhone 16 pre-order and early sales data for insights into the traction the model is gaining. The next key data point will be Apple's fiscal Q4 earnings, which should provide real insights into how the iPhone 16 fared in the initial couple of weeks. There are concerns over Apple’s valuations, especially as Warren Buffett has been selling the company’s shares, and trimmed his stake by nearly half in Q2. Apple’s next-12-month (NTM) price-to-earnings (P/E) multiple is currently at 30.8x, which is significantly higher than the 26.6x that it has averaged over the last five years. However, I don’t find the valuations too demanding, even as they are not cheap, either. Overall, the risk-reward looks quite balanced at these levels, and the upside will now depend on whether the iPhone 16 lifts Apple's sales, which have otherwise sagged. If sales of the new model fail to live up to expectations, we could see some weakness in AAPL stock in Q4. On the other hand, if the model sparks a replacement cycle, as bulls believe, Apple stock might soar to new highs in the coming months.

To: Johnny Canuck who wrote (59974)	9/13/2024 3:05:56 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69134

SKIP NAVIGATION SHAREShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email RELATED STORIES SPENDMortgage interest rates are expected to drop—how much you could save on payments SPENDMortgage rates hit 15-month low—see how much you can save on payments SPENDFewer people are purchasing homes, despite high demand EARNThe salary you need to be considered middle class in the 25 largest U.S. cities SPENDA ‘softening’ real estate market could help you score a lower price on a home SPEND Mortgage rates are dropping, but homes aren’t expected to get cheaper—here’s why Published Fri, Sep 13 202412:40 PM EDT Mike Winters @MIKE_WINTRS SHAREShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jacob Wackerhausen \| Getty Mortgage rates are falling, but that doesn’t guarantee homes will be more affordable in 2025. The average 30-year fixed mortgage rate dropped to 6.2% as of Thursday, down from a peak of 7.79% in May. For many buyers, that means saving hundreds on mortgage payments. But those savings are bringing buyers back into the market. Existing home sales increased 1.3% in July, after five months of declines, per National Association of Realtors data. With more buyers competing for a limited number of homes, prices are likely to rise. Why lower mortgage rates could lead to higher home prices While lower mortgage rates help out buyers, the larger force at play in the housing market is supply. A longstanding lack of homes — at least 4 million, according to NAR’s most recent estimate— means the supply of homes can’t keep up with rising demand, pushing prices higher. “In essence, affordability improves temporarily with lower rates, but the competition for scarce housing stock often offsets those savings, especially in markets with high desirability that are known to have limited supply like New York,” says Maggie Kent, a real estate agent at CORE and sales at Eastlight Condominiums in New York. Existing home sales were near historic lows for most of the summer, as rising mortgage rates both pushed buyers out of the market and discouraged homeowners from selling, since many are holding onto their lower-rate loans. Roughly 86% of existing mortgages have rates of 6% or less, making it tough for homeowners to justify moving and taking on a new mortgage with a higher rate. “If mortgage rates drop below 6%, it’s likely to increase demand for homes, which could push prices higher,” in the next year, says Kent. She says we could see a “modest” median home price increase of 3% or 4%. Mortgage rates are expected to fall as home prices rise Trade associations and financial firms predict mortgage rates will be in the high 5% range for 2025. While the rates are most closely aligned with 10-year Treasury yields, they’re expected to fall following anticipated Fed rate cuts starting this month. Modest home price increases are expected, too. Here is a sampling of recent forecasts: Goldman Sachs forecasts home prices growing by 4.4% in 2025. Fannie Mae predicts a 3.1% increase in 2025, based on a survey of 100 housing experts A Reuters poll of 30 property analysts forecasts a median home price increase of 5.4% in the 20 largest U.S. cities Considering that homes currently cost a median of $412,300, price increases of 3% or more could add tens of thousands of dollars to the total cost, potentially offsetting the savings from a lower mortgage rate. However, it’s worth noting that housing shortages affect each real estate market differently. This could affect whether prices increase or decrease in the next year. “The housing shortage is heavily dependent on location,” says Alex Shekhtman, CEO and founder of LBC Mortgage. “For example, we won’t see the same type of shortage in Texas as we do in Los Angeles. Each market has its own dynamics.” Want to master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season. Plus, sign up for CNBC Make It’s newsletter to get tips and tricks for success at work, with money and in life. 12:51 I’m much happier living in Iceland than in the U.S.—here’s how much it costs Stay in the loopGet Make It newsletters delivered to your inbox SIGN UP About UsLearn more about the world of CNBC Make It LEARN MORE Follow Us CNBC.COM Join the CNBC Panel © 2024 CNBC LLC. All Rights Reserved. A Division of NBC Universal Privacy PolicyCookie Notice Ad Choices CA Notice Terms of Service Contact