On Wednesday, Shares of Apple Inc. (NASDAQ:AAPL), gained 0.94% to $126.60. The company holds market capitalization of $729.35B. 30,238,811 shares exchanged hands yesterday, as compared to its average daily volume of 44,736,500 shares.
The iPhone continues to be the breadwinner in the Apple Inc. ecosystem, but Pacific Crest analysts cited evidence on Wednesday that suggests Apple Watch demand is slowing, according to Market Watch.
The brokerage reduced its fiscal 2015 watch unit estimate to 10.5 million from 11 million and slashed its fiscal 2016 estimate to 21 million from 24 million. The average analyst estimate for watch unit sales is presently 4.2 million and 14 million for 2015 and 2016, respectively, according to FactSet.
“Anecdotal evidence suggests Apple Watch demand is slowing quickly,” said Pacific Crest’s Andy Hargreaves. Market Watch Reports.
Other Wall Street analysts are also not so confident in Apple Watch sales. In May, UBS cut its Apple Watch shipment projection by 23% to 31 million. And initial interest from consumer with the Apple Watch was 20% of initial interest was with the iPhone when it first launched in 2007, UBS wrote in a note to clients. Forbes Stated.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Shares of Oasis Petroleum Inc. (NYSE:OAS), declined -8.96% to $14.43, during its last trading session, as oil prices slumped on Wednesday, with U.S. crude headed for its sharpest daily loss since early April, after the first rise in crude stockpiles in the United States in more than two months.
The U.S. Energy Information Administration (EIA) said crude inventories rose by 2.4 million barrels last week, the first weekly build since April and as compared to a 2-million-barrel draw forecast by analysts in a Reuters poll on Tuesday. Fox Business Reports.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Finally, The Charles Schwab Corporation (NYSE:SCHW), ended its last trade with 1.44% gain, and closed at $33.12.
Brokerage Charles Schwab, said on Tuesday that it added nine exchange-traded funds to its suite of funds it offers without trading commissions, according to Barron’s.
Trading costs add up, and brokerages have been scrambling to boast more ETFs that come with $0 trading commissions in order to capture investors. Schwab’s “OneSource” platform for the first time comprises ETFs from J.P. Morgan Asset Administration, as well four additional currency-hedged ETFs sponsored by WisdomTree (WETF). Barron’s Reports.
In other news, Research firm Zacks has rated The Charles Schwab Corp (NYSE:SCHW) and has ranked it at 3, indicating that for the short term the shares are a hold. 15 Wall Street analysts have given the company an average rating of 1.93. The shares has received a hold rating based on the suggestion from 5 analysts in latest recommendations. 1 market expert has a sell on the stock. Strong buy was given by 8 Wall Street Analysts. The shares had a buy rating from 1 analysts.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
