Citi lists Netflix, Tesla as potential takeover targets for Apple [Toronto Globe and Mail (Ontario, Canada)]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investor.apple.com
Company Research
Source: Toronto Globe and Mail
Citigroup listed seven companies as potential takeover targets for Apple Inc, including Netflix, Walt Disney and Tesla Inc, as a way to put its cash hoard of more than $250-billion to work. With over 90 per cent of its cash sitting overseas, a one-time 10-per-cent repatriation tax would give Apple $220-billion for acquisitions or buybacks, Citigroup analyst Jim Suva said in a note to clients. U.S. President Donald Trump’s tax blueprint, which was unveiled last month, proposes allowing multinationals to bring in overseas profits at a tax rate of 10 per cent versus 35 per cent now. “Since one of the new administration’s top priorities is to allow US companies to repatriate overseas cash at a lower tax rate, Apple may have a more acute need to put this cash to use,” Mr. Suva said. The analyst is rated three out of five stars for his recommendations on Apple, according to Thomson Reuters StarMine. The other potential acquisition targets include video game developers Activision
Show less
Read more
Impact Snapshot
Event Time:
AAPL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AAPL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AAPL alerts
High impacting Apple Inc. news events
Weekly update
A roundup of the hottest topics
AAPL
News
- Apple's iPhone Maker Sets Record High as AI Mania Persists [BNN Bloomberg (Canada)]BNN Bloomberg
- The Fed May Push The S&P 500 Into Correction [Seeking Alpha]Seeking Alpha
- Oregon signs right to repair into law [TechCrunch]TechCrunch
- iPhone 16 Rumors Point to Action Button and New, Vertical Camera Layout [CNET News]CNET News
- Florida Governor Ron DeSantis Signs Legislation to 'End the Squatters Scam & Protect Homeowners' [Yahoo! Finance]Yahoo! Finance
AAPL
Earnings
- 2/1/24 - Beat
AAPL
Sec Filings
- 3/27/24 - Form SD
- 3/1/24 - Form 4
- 3/1/24 - Form 4
- AAPL's page on the SEC website