Apple (AAPL) fell ~1.5% on June 25. It has returned -1.8% over the last two trading sessions, -3.5% in the last five days, -3.4% in the last month, and 25% over the last 12 months. In fiscal 2017, 24% of Apple’s sales were from Europe, 19.6% were from China (FXI), 7.8% were from Japan (EWJ), and 6.6% were from the rest of the Asia-Pacific region.
As several Apple products are assembled in China, a US-China trade war could disrupt supply chains, result in boycotts, and raise product prices. Apple stock is now trading at a 10% discount to analysts’ 12-month median price target of $200.
HP (HPQ) stock fell ~3% yesterday. It has returned -1.8% over the last two trading sessions, -2.4% in the last five days, 5.4% in the last month, and 30% in the last 12 months.
In fiscal 2017, ~63% of HP’s sales were from international markets, and 37% were from the United States. HP stock is now trading at a 17% discount to analysts’ 12-month median price target of $27.
Seagate (STX) stock fell ~4% yesterday. The stock has returned -4.5% over the last two trading sessions, -5.3% in the last five days, -2.9% in the last month, and 31% over the last 12 months.
T-Mobile wants to showcase its strength before its first-quarter earnings release. T-Mobile is scheduled to report its first-quarter results on April 25.
Mondelēz (MDLZ) is scheduled to announce its first-quarter earnings results on April 30.
Freeport-McMoRan (FCX) is scheduled to release its first-quarter earnings on April 25.
Ford has risen 8.2% in April so far as compared to 2.6% gains in the S&P 500 Index.
On April 22, natural gas prices settled at $2.52 per MMBtu—1.4% above the lowest closing level for active natural gas futures since June 8, 2016.
Kimberly-Clark (KMB) stock rose 5.4% on April 22 after the company released stronger-than-expected first-quarter results.