Stock News

Market Update (NASDAQ:AAPL): Apple shipped 3.6 million watches

Consumer Goods [AAP] - According to analysts at International Data Corp, Apple shipped enough units of its new smartwatch to nearly overtake market leader FitBit in the last quarter. Since its introduction this northern spring, industry experts have debated how successful the new Apple Watch will be. Apple has not revealed how many watches it has sold, and some analysts have concluded consumer interest is lukewarm. Read more on this. Apple Inc. (AAPL), valued at $646.06B, started the session at $112.17.   Shares have traded today between $111.54 and $113.31 per share and has traded between $92.00 and $134.54 over the past year.   AAPL shares are currently priced at 12.37x this year's forecasted earnings, which makes them relatively expensive compared to the industry's 12.34x forward p/e ratio.   And for income investors, the company pays shareholders $2.08 per share annually in dividends, yielding 1.81%.


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Market Updates

Apple Inc. (NASDAQ:APPL) CEO: China’s Stock Market Crash No Reason to Sell Apple Stock

Market Updates The ripples from China’s stock market crash are finally hitting American shores, causing significant damage to Apple Inc. (NASDAQ:AAPL) in particular. Declining equity prices and falling exports forced a devaluation of the yuan, causing the currency to weaken against the dollar. At first glance, a depreciating yuan seems like a good thing for Apple. The smartphone giant sources parts and production from suppliers in China, most notably the electronics manufacturer Foxconn Technology Group. The logical conclusion is that a The post Apple Inc.


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Investing

Uranium Has a New Hot Spot: Haywood’s Mick Carew

Energy The Energy Report: Mick, some prime assets are available in the junior market, but uranium prices continue to languish by and large. In Japan, the Kyushu Electric Power Co. Inc. (9508:TYO) recently restarted a Sendai reactor on the west coast of Kyushu. It is the first start-up of a nuclear reactor in Japan since 2013, in the wake of the Fukushima meltdown in March 2011. How does Haywood view the impact of this news on near-term uranium prices? Mick Carew: The start-up of the nuclear reactors in Japan is definitely considered a positive for the uranium sector. But there are uncertainties in terms of the backlog of uranium stored in inventory in the country. With the reactor fleet being offline for four years now, Japan certainly has a significant supply of uranium on hand.


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