Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 26, 2020

Article Excerpt

APPLE INC., $353.63, Nasdaq symbol AAPL, is still a hold. The company plans to start building its Mac computers with its own processor chips instead of buying them from Intel (see below). Designing its own chips will make it easier for software makers to produce programs that run on all of Apple’s devices, including iPhones, iPads and Apple Watches. The company expects it will take two years to complete this switch. Meantime, new outbreaks of COVID-19 have forced Apple to temporarily re-close 32 of its retail stores in Arizona, Florida, North Carolina, South Carolina and Texas. Those closures could hurt sales of new iPhones. That device supplies 50% of Apple’s total revenue. The stock is still a hold. Apple recent coverage: Hotline for April 17, 2020 Hotline for February 21, 2020 INTEL CORP., $57.50, Nasdaq symbol INTC, is a buy. The company is the world’s leading maker of computer chips: its products power 90% of all personal computers. Sales of chips to Apple (see above) account…

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