Podcast: Upside of 32% in Apple's Stock and Two Other Numbers You Need to Know
Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker
Three numbers to start your day:
-after a report claiming that U.S. Trade Representative Robert Lighthizer said that new China tariffs were already on ice.
Lighthizer denied the statement, but stocks bounded back anyway after taking hits earlier in the day.
One indication that trade chatter saved the day: Two of the three companies that DataTrek Research sees as tariff canaries-3M and Caterpillar- were singing a sweet song.
Perhaps Walmart’s slight decline in gross profit margins reminded investors of its struggle. Back in January, the stock nosedived as investors worried about how the company would compete with e-commerce juggernaut Amazon.com.
But analysts still appear optimistic, Perhaps Walmart will get a holiday boost from its recent rollout of shipping deals.
And that’s on top of Thursday’s gains.
The iPhone-maker’s stock has been sliding on concerns over weaker smartphone sales, given warnings from suppliers so far this week. But there’s more to the company than its high-end smartphones, the analyst argues. For example, its services segment-which includes the App Store, Apple Music and Apple Pay-could account for a quarter of sales by 2022 versus much less today.
Maybe it’s not such a bad idea to buy on the dip.
Numbers by Barron’s is a new daily podcast. Find out morehere.
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