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Information Technology : Technology Hardware, Storage & Peripherals | Large Cap Blend
Company profile

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions, and third-party digital content and applications. The Company's segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Company's other operating segments. Its products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.

Price
Delayed
$119.05
Day's Change
0.03 (0.03%)
Bid
--
Ask
--
B/A Size
--
Day's High
120.42
Day's Low
118.17
Volume
(Below Average)

Today's volume of 47,262,299 shares is on pace to be lower than AAPL's 10-day average volume of 143,014,761 shares.

47,262,299

UPDATE: Wall Street sees plenty of upside for these downtrodden tech stocks

1:46 pm ET May 16, 2020 (MarketWatch)
Print

By Philip van Doorn, MarketWatch

Shares of companies including Micron Technology, Western Digital and Motorola Solutions have fallen this year

It's easy to say investors should buy low and sell high, and you might think an opportunity to do so has escaped you because of the U.S. stock market's remarkable recovery from its March lows. But there are still opportunities in the most highly regarded sector.

The information technology sector has been the best performer in the S&P 500 Index this year. Trends including cloud collaboration and software-as-a-service are impervious to the coronavirus lockdown, and even accelerated by it. People who are new to working at home have needed to upgrade computers, peripherals and communications equipment.

But the IT sector includes plenty of stocks that have declined significantly, some of which are expected by analysts to roar over the next 12 months.

The S&P 500 hit a 2020 closing low March 23, when it was down 31% for the year. Since then, it has risen 28%, so it is now down 11.2% this year through May 12. (All price changes in this article exclude dividends.)

Of the 11 sectors in the benchmark index, only information technology has risen this year:

S&P 500 sector Price change - 2020 Price change - 2019

Information Technology 1.9% 48.0%

Health Care -2.4% 18.7%

Consumer Discretionary -5.5% 26.2%

Communication Services -5.8% 30.9%

Consumer Staples -8.9% 24.0%

Utilities -14.4% 22.2%

Materials -17.0% 21.9%

Real Estate -18.6% 24.9%

Industrials -25.6% 26.8%

Financials -31.0% 29.2%

Energy -38.0% 7.6%

Source: FactSet

The sector's impressive year-to-date price increase reflects the solid performance of some very large companies (the S&P 500 is weighted by market capitalization). Six of this year's "tech winners" have market capitalizations of more than $100 billion:

Company Ticker Market capitalization ($ millions) Price change - 2020 Price change - 2019

Nvidia Corp. US:NVDA 191,984 33% 76%

PayPal Holdings Inc. US:PYPL 165,567 30% 29%

Microsoft Corp. US:MSFT 1,384,054 16% 55%

Adobe Inc. US:ADBE 175,906 11% 46%

Salesforce.com Inc. US:CRM 159,682 9% 19%

Apple Inc. US:AAPL 1,349,755 6% 86%

Source: FactSet

Among the 71 stocks in the S&P 500 IT sector, 22 are down at least 15% this year, and analysts polled by FactSet see double-digit upside potential of up to 75% over the next year for 17 of them:

Company Ticker Price change - 2020 Price change - 2019 Closing Price - May 12 Consensus price target Implied 12-month upside potential

DXC Technology Co. US:DXC -58% -29% $15.82 $27.71 75%

Western Digital Corp. US:WDC -35% 72% $40.98 $61.82 51%

Alliance Data Systems Corp. US:ADS -64% -25% $40.47 $55.07 36%

Micron Technology Inc. US:MU -15% 69% $45.69 $59.92 31%

HP Inc. US:HPQ -28% 0% $14.87 $19.18 29%

Hewlett Packard Enterprise Co. US:HPE -40% 20% $9.48 $12.03 27%

Motorola Solutions Inc. US:MSI -19% 40% $131.23 $161.67 23%

Microchip Technology Inc. US:MCHP -18% 46% $85.99 $102.79 20%

NetApp Inc. US:NTAP -31% 4% $43.03 $51.35 19%

FleetCor Technologies Inc. US:FLT -21% 55% $228.46 $272.22 19%

Corning Inc US:GLW -30% -4% $20.41 $23.78 17%

TE Connectivity Ltd. US:TEL -25% 27% $71.41 $82.38 15%

CDW Corp. US:CDW -29% 76% $101.98 $116.86 15%

Xerox Holdings Corp. US:XRX -54% 87% $16.90 $19.20 14%

Amphenol Corp. Class A US:APH -22% 34% $84.27 $94.00 12%

Seagate Technology PLC US:STX -18% 54% $48.62 $53.95 11%

Automatic Data Processing Inc. US:ADP -17% 30% $141.73 $156.19 10%

Source: FactSet

You can click on the tickers for more about each company.

You will have to scroll the table to see all of the data.

Don't miss:12 health-care stocks that will be winners because of coronavirus-led trends, according to Jefferies (http://www.marketwatch.com/story/12-health-care-stocks-that-will-be-winners-because-of-coronavirus-led-trends-according-to-jefferies-2020-05-12)

-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 16, 2020 13:46 ET (17:46 GMT)

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