Apple earnings for the 1st quarter of 2020

Apple stock news

“Apple declines to give financial forecast due to COVID-19, but promises additional $50 billion in buybacks and a dividend increase.

Apple Inc. reported Thursday that profits slipped slightly but sales grew amid the spread of COVID-19, and promised investors billions more in stock repurchases and dividends.

The company topped earnings and revenue expectations for the March quarter, led by a sizable beat for the company’s services segment, but declined to give a forecast for the current quarter due to the uncertainties brought on by COVID-19. Apple AAPL, +2.11% also announced that it would be boosting its buyback program by $50 billion, though this was a smaller increase than the $75 billion and $100 billion that it added to the program in 2019 and 2018, respectively.

The iPhone maker posted fiscal second-quarter net income of $11.25 billion, or $2.55 a share, down slightly from $11.56 billion, or $2.46 a share, a year prior, but easily higher than estimates as the FactSet consensus modeled $2.24 a share. Apple’s total revenue grew slightly to $58.31 billion from $58.02 billion, while analysts were expecting $54.78 billion.”

Source: https://www.marketwatch.com/story/apple-stock-gains-slightly-as-earnings-dip-amid-covid-19-pandemic-but-investor-return-set-to-grow-2020-04-30?mod=home-page

Apple stock price

Apple Inc. (AAPL) stock price at the close of April 30, 2020: 293.80+6.07 (+2.11%).

Apple Inc. (AAPL) stock daily chart
Apple Inc. (AAPL) stock daily chart

News that Apple inc. promises an additional $50 billion in buybacks and a dividend increase may provide support for Apple stock.

Stock market news for April 30, 2020

Stock market news

The US stock market closed lower on Thursday, April 30, 2020. At the close of the trading session the latest stock market update is the following:

S&P 500: 2,912.43,-27.08(-0.92%)
Dow 30: 24,345.72,-288.14(-1.17%)
Nasdaq: 8,889.55,-25.16(-0.28%)
Russell 2000: 1,310.66,-50.10(-3.68%)

A worse than expected jobless claims report showed that the job market conditions are very weak. The weekly initial US jobless claims figure came in at 3839 thousand more than the forecast of 3500 thousand. More than 3.8 million persons filed for unemployment.

Stocks that moved on Thursday, April 30, 2020, US stock market:

Stocks gainers

ThermoGenesis Holdings, Inc. (THMO): 11.49+4.22 (+58.05%)

Summer Infant, Inc. (SUMR): 3.7600+1.2150 (+47.74%)

OneSpaWorld Holdings Limited (OSW): 6.51+1.63 (+33.40%)

Stocks losers

AgEagle Aerial Systems, Inc. (UAVS): 1.4500-0.8500 (-36.96%)

Second Sight Medical Products, Inc. (EYES): 1.3300-0.7700 (-36.67%)

Chesapeake Energy Corporation (CHK): 17.50-9.35 (-34.82%)

Most active stocks

General Electric Company (GE): 6.80+0.22 (+3.34%)

American Airlines Group Inc. (AAL): 12.01-0.62 (-4.91%)

Ford Motor Company (F): 5.09-0.17 (-3.23%)

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

Almost all sectors closed lower. Consumer Discretionary were the best performing sector +0.39%, Materials were the worst-performing sector -2.96%

Stock Market, U.S. Sectors & Industries Performance for April 30, 2020
Stock Market, U.S. Sectors & Industries Performance for April 30, 2020

Source: https://eresearch.fidelity.com/eresearch/goto/markets_sectors/landing.jhtml

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

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Stock market today April 30, 2020

Stock market today closed lower, the jobless claims report came in at worse than expected

The US stock market today closed lower. At the close today all major indexes were down, Dow fell more than 280 points. How the stock market closed today:

S&P 500: 2,912.43,-27.08(-0.92%)
Dow 30: 24,345.72,-288.14(-1.17%)
Nasdaq: 8,889.55,-25.16(-0.28%)
Russell 2000: 1,310.66,-50.10(-3.68%)

More than 3.8 million persons filed for the unemployment benefits, a worse than the forecast figure of 3.5 million.

Stocks today

Stocks that moved today:

Twitter, Inc. (TWTR) stock fell more than 7% today, with a closing stock price
of 28.68-2.41 (-7.75%). Chesapeake Energy Corporation (CHK) stock plunged more than 30%, with a stock price of 17.50-9.35 (-34.82%). Amazon.com, Inc. (AMZN) stock rallied more than 4%, with a stock price of 2,474.00+101.29 (+4.27%). Amazon stock will probably move today after the close with the latest earnings report. Apple Inc. (AAPL) stock moved higher closing at 293.80+6.07 (+2.11%). Again its stock price could move after the close today with the earnings report.

Stock market data: Yahoo Finance

Stock market update for April 30, 2020

Stock market today

At 2:31 PM today, ET time the US stock market is moving lower with all major stock indices having losses, Dow is falling more than 300 points. This is the latest stock market update:

S&P 500: 2,904.79,-34.72(-1.18%)
Dow 30: 24,310.53,-323.33(-1.31%)
Nasdaq: 8,858.48,-56.23(-0.63%)

Russell 2000: 1,315.99,-44.77(-3.29%)
Crude Oil: 17.37,+2.31(+15.34%)
Gold: 1,693.20,-20.20(-1.18%)

Stock market data: Yahoo Finance

Stock market commentary

The stock market today is declining as the latest jobless claims report was worse than expected. 3.8 million persons filed for the unemployment benefits, with the consensus being 3.5 million. Small-cap stocks decline the most after the most outperformance of the Russell 200o index.

Breaking stock market news today, April 30, 2020

Breaking stock market news today

The weekly initial US jobless claims figure came in at 3839 thousand more than the foreact of 3500 thousand. More than 3.8 million persons filed for unemployment.

Other important economic indicators

The personal income figure came in at -2.0%, worse than the consensus of -1.5%. The personal spending figure came in at -7.5%, worse than the consensus of -5%.

Source: https://www.fxstreet.com/economic-calendar

US stock futures for April 30, 2020

Stock futures point to small losses at the open of today’s trading session

At 8:05 AM, today on Thursday, April 30, 2020, Eastern Time (ET) the latest stock futures update is the following:

S&P Futures: 2,928.50,-12.50(-0.43%)
Dow Futures: 24,460.00,-106.00(-0.43%)
Nasdaq Futures: 9,066.50,+30.00(+0.33%)
Russell 2000 Futures: 1,338.10,-20.90(-1.54%)

Stock market update: Yahoo Finance

Economic news

At 8:30 AM, ET time there is the release of the weekly US jobless claims, and the figure may have an effect on the stock market today.

Stocks biggest gainers for April 29, 2020

Stocks biggest gainers for April 29, 2020, US stock market

These are the stocks biggest gainers for the US stock market on Wednesday, April 29, 2020:

Stocks biggest gainers for April 29, 2020, US stock market
Stocks biggest gainers for April 29, 2020, US stock market

Stock market data: Investing.com

Stock market

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Stocks biggest losers for April 29, 2020

Stocks biggest losers for April 29, 2020, US stock market

These are the stocks biggest losers for the US stock market on Wednesday, April 29, 2020

Stocks biggest losers for April 29, 2020, US stock market
Stocks biggest losers for April 29, 2020, US stock market

Stock market data: Investing.com

Stock market

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Most active stocks for April 29, 2020

Most active stocks for April 29, 2020, US stock market

These are the most active stocks for the US stock market on Wednesday, April 29, 2020:

Most active stocks for April 29, 2020, US stock market
Most active stocks for April 29, 2020, US stock market

Stock market data: Investing.com

Stock market

Daily posts about the US stock market, stock news, stocksstock market news, stock market today, investing, and a premium stock market newsletter, with stocks to buy, stocks to sell.

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Stocks at 52-week low for April 29, 2020

Stocks at 52-week low for April 29, 2020, US stock market

These are stocks near a 52-week low, for the US stock market, on Wednesday, April 29, 2020:

Stocks at 52-week low for April 29, 2020, US stock market
Stocks at 52-week low for April 29, 2020, US stock market

Stock market data: Investing.com

Daily posts about the US stock market, stock news, stocksstock market news, stock market today, investing.

Trading and Investing

Check this link if you are interested in trading