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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL


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Take Five: Impasse!

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08/14/2020 | 03:58am EDT
A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York


U.S. lawmakers negotiating a fresh dose of stimulus have reached an impasse.

Trillions of dollars injected by the Federal Reserve and huge government spending increases have stemmed coronavirus-linked economic damage, fuelling a rebound in a Citi index that tracks economic data relative to expectations.

But with almost 30 million Americans unemployed and coronavirus still spreading, Fed policymakers have been warning the recovery could sputter unless politicians come through with further measures. The S&P500 index is holding just off record highs. The wait is on to see if negotiations resume and bear fruit.

-White House, Democrats show no sign of budging on U.S. coronavirus aid-COVID-19 crushes U.S. economy in second quarter; rising virus cases loom over recovery

(GRAPHIC: Citi's U.S. economic surprise index -



The twin troubles of Brexit and coronavirus ensured Britain's second-quarter contraction of 20.4% was greater than any other major economy's. And recovery will be elusive unless a free-trade deal is reached with the European Union before the post-Brexit transition period ends on Dec. 31.

EU-UK talks begin on Aug 17. The two sides remain far apart, but the meetings may show if they can lay aside their differences in time to reach a deal by the Oct. 2 deadline. An impasse may spell trouble for sterling and further pressure on domestic-focused shares.

The Bank of England is not considering negative interest rates just yet, but the prospect of crashing out of the European Union without a deal might leave it with no alternative.

-UK says it's confident of Brexit trade deal as EU changing tone

-Brexit talks scheduled just in time for key EU October summit

(GRAPHIC: Poised for losses? -



The dollar's 5% plunge in five weeks has got gold bugs excited. Prices for the metal vaulted to a record above $2,000 per ounce before retreating as the greenback regained some poise.

Dollar weakness could run further -- it remains strong across various trade-weighted indexes. But correlations between gold and the dollar, tenuous at best, have weakened under the impact of central bank stimulus, with 90-day correlations approaching cyclical lows.

Finally, rising inflation expectations boost hedges such as gold. Refinitiv data shows U.S., UK, German and Japanese 10-year real, inflation-adjusted yields in negative territory, a first for all of them simultaneously. So even if gold struggles above $2,000, gold bugs can probably rest assured a big selloff isn't imminent.

-Fear factor: Investors rush into gold and other havens as stocks near highs.

-Gold climbs as weaker dollar bolsters appeal

(GRAPHIC: gold - https://fingfx.thomsonreuters.com/gfx/mkt/dgkvldoqmvb/gold.JPG)


Apple and Tesla's stock-split announcements rekindle memories of the dotcom bubble, when companies were actively dividing shares into multiple new ones. That trend eventually died -- is it making a comeback?

Tesla is giving out five shares for each share held; Apple has a four-for-one offer. Companies typically split shares to make them cheaper for retail investors, but these days, with platforms already offering fractional shares for as little as $1, such splits don't attract investors in droves. Shares have risen since the announcements, but it remains to be seen whether gains continue until Aug. 31, when trading starts on a split-adjusted basis for both Apple and Tesla.

-Apple's stock split may not be good for the Dow

-Tesla sets 5-1 stock split and its high-flying stock soars again

(GRAPHIC: Where did all the stock splits go? - https://graphics.reuters.com/APPLE-RESULTS/SPLIT/yxmvjrjgevr/chart.png)

5/THE BIG AUSTRALIANThe world's biggest listed mining company and the third-biggest digger of iron ore, Australia's BHP, reports annual results on Tuesday. With iron ore prices soaring and rival Rio Tinto beating forecasts, strong numbers are expected of BHP. But BHP is more than just a miner -- steel is a bellwether for economic growth and its main ingredient, iron ore, sits at a critical juncture. Many question whether Chinese demand is enough to offset crumbling orders elsewhere.

BHP is also a gauge of China's economic health. After July shipments to China from the world's largest export hub, Australia's Port Hedland, dipped 17.5% from June, investors will be listening out for management's view on the outlook.

-Australia's Port Hedland iron ore exports to China fall 17.5% in July

-BHP hits record iron ore output but warns of risks from virus

(GRAPHIC: China iron ore imports -


(Reporting by Sujata Rao, Saikat Chatterjee and Thyagaraju Adinarayan in London, Tom Westbrook in Singapore and Noel Randewich in New York; editing by Larry King)

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -1.60% 110.34 Delayed Quote.50.30%
EURO / BRITISH POUND (EUR/GBP) -0.16% 0.91173 Delayed Quote.7.73%
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Financials (USD)
Sales 2020 273 B - -
Net income 2020 56 912 M - -
Net cash 2020 73 958 M - -
P/E ratio 2020 34,1x
Yield 2020 0,72%
Capitalization 1 887 B 1 887 B -
EV / Sales 2020 6,64x
EV / Sales 2021 5,91x
Nbr of Employees 137 000
Free-Float 99,9%
Duration : Period :
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Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 40
Average target price 119,02 $
Last Close Price 110,34 $
Spread / Highest target 35,9%
Spread / Average Target 7,87%
Spread / Lowest Target -35,7%
EPS Revisions
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
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