Good MorningEquity markets ended the penultimate day of the trading year in the red. The S&P 500 closed off the day's low and above critical support, so a deeper pullback is not expected. What is expected is for the market to continue moving sideways this holiday-shortened week and not make another big move until January. The stock markets are closed on Wednesday to celebrate New Year's Day and reopen for trading on Thursday.
What will the market do in January? The odds are high that the uptrend in equities will continue, but there is a pullback risk in the year's first half. The S&P 500 is still more than 3.5% above the 150-day EMA and is due to retest soon. The EMA is a likely entry point for investors and should produce a solid rebound when touched. If not, this market could correct by 10% to 15% from the all-time high. Featured: We recommended Palantir in 2021, now we’re recommending this... (Behind the Markets) 
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Now that 2024 has come to an end, investors may be looking for the best opportunities to place their bets on 2025. That is why aligning portfolios with stocks that carry double-digit upside is so important in today’s market. However, there is a big difference between picking a stock only bec... Read the Full Story |
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Insider activity is hot in names like Vestis (NYSE: VSTS), OPKO Health (NASDAQ: OPK), and Greif, Inc. (NYSE: GEF), and investors should take notice. From board members to CEOs, CFOs, and other corporate officers, insiders are buying these stocks en masse, signaling a higher-than-average convi... Read the Full Story |
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Markets | | | Stock indexes closed mostly lower Tuesday as the market delivered a downbeat finish on the final day of another milestone-shattering year on Wall Street.The S&P 500 gave up an early gain to finish down 0.4%. The benchmark index, which set 57 record highs in 2024, racked up a 23.3% gain for the y... Read the Full Story |
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Micron Technology Inc (NASDAQ: MU) shares have been struggling to catch their breath after a sharp 25% drop over the past week. The selloff followed a tough earnings report and broader market jitters as the Fed dampened expectations for a rate cut. Stocks, in general, have had a rough end to the y... Read the Full Story |
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When consumers look for value, a trip to Costco Wholesale Corp. (NASDAQ: COST) is frequently on the agenda. But as investors have been looking for value in December, COST stock has fallen out of favor. Shares of Costco stock are down about 2.2% for the month as of December 27. However, the stock... Read the Full Story |
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Stocks | | | U.S. stocks closed broadly lower Monday as a banner year on Wall Street looked set to finish on a sour note. The S&P 500 fell 1.1%, its third straight decline. Roughly 90% of stocks within the index lost ground. On the second-to-last day of 2024, the benchmark index was still on track for its se... Read the Full Story |
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Stocks | | | Stocks fell broadly on Friday as Wall Street closed out a holiday-shortened week on a down note.The losses were made worse by sharp declines for the Big Tech stocks known as the “Magnificent 7”, which can heavily influence the direction of the market because of their large size.The S&P 500 fell ... Read the Full Story |
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Markets | | | China's factory activity expanded at a slower pace in December, official data showed on Tuesday, despite recent stimulus measures and in the face of increasing trade risks.The Purchasing Managers’ Index, based on a survey of factory managers, slipped to 50.1 in December from 50.3 the previous month,... Read the Full Story |
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Markets | | | Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in fire-prone areas if they want to keep doing business in California under a state regulation announced Monday.T... Read the Full Story |
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Markets | | | The COVID-19 pandemic helped foster a new generation of recreational vehicle (RV) users to take advantage of the outdoor lifestyle. The good times for RV makers in the auto/tires/trucks sector seemed like they would stick around well after the pandemic re-opening. However, like most industries ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and 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. In addition, the company offers various services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California. | Should I Buy Apple Stock? AAPL Pros and Cons Explained
These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Apple was last updated on Thursday, January 02, 2025 at 11:37 AM.
Pros-
Apple has a strong market position with a diverse product lineup, including the latest iPhone 15, which continues to drive significant revenue growth.
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The company has received a "buy" rating from Citigroup, with a target price of $185.00, indicating potential for price appreciation.
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Apple's average price target is $237.47, suggesting that analysts expect the stock to rise significantly from its current price of $250.42.
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With a market capitalization of $3.79 trillion, Apple is one of the most valuable companies globally, providing stability and investor confidence.
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Apple's diverse services, including Apple Music and Apple TV+, contribute to recurring revenue streams, enhancing financial stability.
Cons-
Recent insider selling, including significant sales by the COO and CFO, may indicate a lack of confidence in the stock's short-term performance.
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Apple's stock has experienced a slight decline of 0.7%, which could signal potential volatility in the near term.
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The company's current ratio of 0.87 suggests that it may have difficulty meeting short-term liabilities, which could raise concerns for investors.
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With a price-to-earnings (P/E) ratio of 41.19, the stock may be considered overvalued compared to industry peers, potentially limiting upside.
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Analysts have assigned a significant number of hold ratings, indicating uncertainty about future growth prospects.
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