Apple Stock Offers a Good Hiding Place in a Rocky Stock Market, Says Deutsche Bank

TipRanks2022-04-23

In less than a week -- Thursday, April 28, after close of trading -- tech leader Apple (AAPL) is due to report its fiscal Q2 2022 financial results. Yes, it's Q1 earnings season right now. But as in ...

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Comments

xiaobaii
2022-04-24
xiaobaii
like & comment please
Kitsonlin
2022-04-24
Kitsonlin
Morning
Singman
2022-04-24
Singman
Like
SPOT_ON
2022-04-24
SPOT_ON
Apple had also peaked like the rest
KLC
2022-04-23
KLC
I like apple.👍
Waii1202
2022-04-23
Waii1202
Hope it can hold

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Yes, it's Q1 earnings season right now. But as in ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/apple-stock-offers-a-good-hiding-place-in-a-rocky-stock-market-says-deutsche-bank/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4579","symbol_name":"人工智能","start_time":0,"source_url":"https://www.tipranks.com/news/article/apple-stock-offers-a-good-hiding-place-in-a-rocky-stock-market-says-deutsche-bank/","article_id":"2229094169","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1606183248679","url":"https://www.tipranks.com/news/article/apple-stock-offers-a-good-hiding-place-in-a-rocky-stock-market-says-deutsche-bank/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2229094169","pubTimestamp":1650673033,"columns":[],"sourceInfo":{"source_id":"lsy1606183248679","name":"TipRanks"},"weMediaInfo":null,"summary":"In less than a week -- Thursday, April 28, after close of trading -- tech leader Apple (AAPL) is due","collect":0,"end_time":0,"defaultTopTitle":"tipranks.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4579":"人工智能","BK4550":"红杉资本持仓","BK4507":"流媒体概念","BK4552":"Archegos爆仓风波概念","BK4170":"电脑硬件、储存设备及电脑周边","BK4146":"鞋类","BK4574":"无人驾驶","BK4573":"虚拟现实","BK4581":"高盛持仓","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4527":"明星科技股","BK4512":"苹果概念","BK4553":"喜马拉雅资本持仓","BK4501":"段永平概念","BK4559":"巴菲特持仓","BK4571":"数字音乐概念","BK4534":"瑞士信贷持仓","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4118":"综合性资本市场","BK4575":"芯片概念","BK4566":"资本集团","BK4505":"高瓴资本持仓","BK4515":"5G概念","AAPL":"苹果"},"translate_title":"德意志银行表示，在动荡的股市中，苹果股票提供了一个很好的藏身之处","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1},"content_text":"In less than a week -- Thursday, April 28, after close of trading -- tech leader Apple (AAPL) is due to report its fiscal Q2 2022 financial results. Yes, it's Q1 earnings season right now. But as in so many other things, Apple is a bit ahead of the times. For Apple, the calendar has already flipped to fiscal Q2.As earnings day gets closer, investors are having some early jitters. Since the start of the month, Apple stock is down 5% -- but not to worry, says Deutsche Bank analyst Sidney Ho. \"While concerns about the China smartphone market and manufacturing shutdowns in China have increased recently,\" Apple stocks remains \"a good hiding place in this volatile market.\" And next week's earnings are probably going to turn out just fine.Sure, on the one hand, the rapid spread of Omicron coronavirus in China has caused city-wide shutdowns and shuttered key factories, which could snarl supply chains and delay delivery of certain Apple products to market. iPhone supply chains in particular, however, which account for the majority of Apple's profits, should be in pretty good shape. And to the extent that demand for iPhones still outstrips supply, that will be good news for both sales and pricing power.Demand, after all, still looks good for Apple products. In a typical year, Ho notes that Apple's sales fall as much as 30% sequentially between fiscal Q1 and fiscal Q2, but he believes results will be at least a little \"better\" than that this year -- about a 28% sequential decline for iPhone revenues, and only a 24% decline for revenues overall. As the analyst explains, demand for high end smartphones in particular (and iPhones are considered very high end) \"will hold up better than lower-priced options,\" leading to the better-than-historical result in fiscal Q2.Where Ho sees more reasons to worry is in fiscal Q3 (i.e. everyone else's calendar Q2). Covid-related shutdowns in China will affect supply chains more and more the longer shutdowns drag on. While again, Ho sees Apple working effectively to insulate its marquee franchise from supply shocks, he worries that \"outside iPhone, supply chain will likely remain a problem,\" perhaps resulting in certain MacBook model deliveries being held up for as long as six to eight weeks.That being said, the more immediate Q2 numbers should look pretty good next week. Ho forecasts sales of about 60 million iPhones in fiscal Q2, leading to $51 billion in iPhone revenue -- up 7% year over year. Overall revenues should be $96 billion -- also up 7% -- with earnings per share ahead of Street estimates at $1.46.What's more, fiscal Q3 should be even stronger for Apple. Looking out an additional three months, Ho forecasts that Apple will sell 53 million iPhones next quarter, leading to iPhone revenue growth of 11% year over year. Overall sales growth should be 12% year over year -- $91 billion -- with earnings of $1.37 per share -- both of which numbers are ahead of Wall Street consensus.With growth trends intact, Ho wraps up with a reiteration of his \"buy\" call on Apple, and a $210 price target for Apple stock. This figure implies ~29% upside from current levels. Unsurprisingly, Apple stock tends to attract a lot of attention -- the stock has 29 recent analyst reviews on record, and they include 23 Buys against 6 Holds to give the company its Strong Buy consensus rating. The shares have an average price target of $193.11, indicating room for ~19% growth from the current price of $163.21.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":9085427794,"gmtCreate":1650760777526,"gmtModify":1676534786793,"author":{"id":"3571345352614779","authorId":"3571345352614779","name":"xiaobaii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3571345352614779","idStr":"3571345352614779"},"htmlText":"like &amp; comment please&nbsp;","listText":"like &amp; comment please&nbsp;","text":"like & comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085427794","repostId":2229094169,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9085409503,"gmtCreate":1650752832718,"gmtModify":1676534784806,"author":{"id":"4088412711170620","authorId":"4088412711170620","name":"Kitsonlin","avatar":"https://community-static.tradeup.com/news/8f861facf7d7b6166cb50fa387771267","vip":1,"hat":"https://static.tigerbbs.com/1c1eed764d9c7ff83dc093fbb9a96bc2","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"4088412711170620","idStr":"4088412711170620"},"htmlText":"Morning","listText":"Morning","text":"Morning","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085409503","repostId":2229094169,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9085400105,"gmtCreate":1650752743771,"gmtModify":1676534784774,"author":{"id":"3575125836760247","authorId":"3575125836760247","name":"Singman","avatar":"https://static.tigerbbs.com/d770feb757705f2d631d2d5f381ae07b","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3575125836760247","idStr":"3575125836760247"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085400105","repostId":2229094169,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9085573433,"gmtCreate":1650751151248,"gmtModify":1676534784580,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":11,"crmLevelSwitch":1,"authorIdStr":"3582922989777578","idStr":"3582922989777578"},"htmlText":"Apple had also peaked like the rest","listText":"Apple had also peaked like the rest","text":"Apple had also peaked like the rest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085573433","repostId":2229094169,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9085565005,"gmtCreate":1650729313187,"gmtModify":1676534783605,"author":{"id":"3567916089112278","authorId":"3567916089112278","name":"KLC","avatar":"https://static.tigerbbs.com/7b5f29591734279d9235e132e16aa719","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3567916089112278","idStr":"3567916089112278"},"htmlText":"I like apple.👍","listText":"I like apple.👍","text":"I like apple.👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085565005","repostId":2229094169,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":618021820,"gmtCreate":1650726834265,"gmtModify":1676533019387,"author":{"id":"3581683737749346","authorId":"3581683737749346","name":"Waii1202","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3581683737749346","idStr":"3581683737749346"},"htmlText":"Hope it can hold","listText":"Hope it can hold","text":"Hope it can hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/618021820","repostId":2229094169,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":305,"commentSize":21,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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