Latest news with #EmergencyPowersLaw
Yahoo
a day ago
- Business
- Yahoo
Apple Rebound Likely as Court Blocks Tariff Sell-Off Catalyst
May 30 - A federal court blocked President Trump's proposed tariffs on Apple Inc. (NASDAQ:AAPL) products, removing a major source of uncertainty for investors, according to a Thursday court ruling. The three-judge panel ruled that the Liberation Day tariffs exceeded the administration's authority under the Emergency Powers Law. The judges agreed that imposing a 25% duty on Apple goods not made in the U.S. required additional legal justification. That tariff, blamed for Apple's recent sell-off, now sits within the broader trade measures halted by the court. Apple stock had slipped but has begun recovering toward key technical levels in response to the ruling. Technically, Apple needs to return to roughly a 20% discount from its 52-week high of about $208 per share before confirming a bullish reversal. If it can reach that zone, market watchers believe it could indicate renewed momentum for the wider tech sector. As of today, AAPL's average daily volume is near 56 million shares. Investors should watch for a notable increase in volume around $208, which could signal institutional buying. Future developments, such as appeals, alternative trade policies, or potential Chinese retaliation, may still influence Apple's trajectory. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Entrepreneur
a day ago
- Business
- Entrepreneur
Apple Stock Could Rally After Tariffs Are Blocked By Court
This story originally appeared on MarketBeat The market appears to have reached its limit regarding the level of uncertainty it can tolerate regarding trade tariffs implemented by President Trump during the so-called 'Liberation Day' of April 2025. However, markets aren't as powerful as the United States economy itself. [content-module:CompanyOverview|NASDAQ:AAPL] Now that the latter is starting to see the effects of this uncertainty, new action has been taken to try to relieve consumers and businesses alike. A federal court has ruled in favor of the Emergency Powers Law, stating that the President cannot impose trade tariffs without first meeting certain conditions. A three-judge panel reached a consensus that these Liberation Day tariffs have exceeded the administration's authority to act on the nation's trade policies and other such issues, and whether that ruling holds is now up for debate. Whatever happens from here will likely deliver more volatility to the economy and the S&P 500. Still, investors could (and should) take advantage of a very small window of opportunity before it's gone. Apple Inc. (NASDAQ: AAPL) has sold off recently due to President Trump's imposition of a 25% tariff on all Apple products not produced in the United States. It turns out this tariff is part of the broader blockade ruled by this court. Can Apple Make It Back Higher? As this technical analysis suggests, Apple stock would first need to return to a 20% discount from its 52-week high price, which currently stands at around $208 per share. Given that Apple has somewhat recovered back to this key technical level, the stakes are higher than ever for investors to unpack the market's behavior. Whatever the action brings at the $208 mark will be key to Apple's future and likely the rest of the technology sector. One thing investors must watch for, above all else, is the level of volume traded around this zone relative to the average volume. As of today, Apple stock's average daily volume stands at roughly 56 million shares, providing investors with a benchmark for comparison moving forward. When Apple stock nears the $208 mark, investors should watch for a significant increase in volume, which indicates additional market interest in restoring Apple to its former glory. Of course, that behavior could be significantly affected by further developments in this court ruling, whether the administration finds other loopholes to maintain the current trade policy trajectory or not or whether China decides to follow through on its retaliation for the former tariff proposals from the United States. Most investors are unaware of all of these factors; however, if Apple's volume shows up around this $208 per share level, it is likely that some institutions (so-called 'Smart Money') already have the legal and economic insights necessary to make these decisions. Clues Starting to Come In Some institutional players have already jumped the gun on this theme, as those from Jones Financial Companies have increased their holdings in the stock by 31.6% as of the day the court ruling was made. Without much more context than this, investors could begin to connect the dots on the institutional thinking for Apple. It's only a matter of time, hence the small window of opportunity, before other big players catch onto this trend, knowing that Apple is one of the biggest names in the consumer and technology sector, which could very well be supported in this way. Other factors could've helped these buyers in their decision as well. Apple has what most value investors would call a business 'moat,' something that will come in handy if these tariffs are kept in place. [content-module:Forecast|NASDAQ:AAPL] This strength is directly evident in the company's financials, which boast nothing short of pricing power and market share dominance. With a net income margin as high as 24.3%, Apple could easily navigate a world where tariffs remain in place. Surely, this would have some effect on the company's bottom-line earnings, but nothing that the massive free cash flow this behemoth generates couldn't absorb. Dan Ives from Wedbush reiterated his Outperform rating on Apple stock earlier in May 2025, citing no issues with the escalations between the United States and China. The stock received a new optimistic rating and a price target set at $270 per share, calling for as much as a 35% upside from its current price. Whether Apple can make good on this forecast will depend on what investors can spot (in terms of volume) within that key $208 technical area. Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now... See The Five Stocks Here
Yahoo
3 days ago
- Business
- Yahoo
House Republican's Trump Talk Gets Not-So-Beautiful Response In Wild Town Hall Scene
Rep. Ashley Hinson's praise of President Donald Trump and his 'big, beautiful bill' didn't hold up on Wednesday as constituents hit back with jeers, boos and laughter during a town hall event in Decorah, Iowa. 'The president is, I believe, fighting for you and fighting for me —,' said Hinson (R-Iowa), just minutes into her prepared remarks at the event. 'No!' the crowd resoundingly shot back. Elsewhere in her remarks, Hinson got a sour reaction when she name-dropped Iowa Gov. Kim Reynolds (R), and she got jeered when she described 'all of the damage done' from Joe Biden's presidency before touting what she described as Trump's 'accomplishments.' 'I was also proud to vote for President Trump's 'One Big, Beautiful Bill' last week,' she said of legislation that could slash $1 trillion in health and food assistance programs to pay for about $4 trillion in tax cuts to mostly high earners. 'Boooooo!' replied the crowd as some attendees — seemingly supporting Hinson — sprinkled in claps. 'This is your time!' Hinson hit back. Hinson faced a similar reaction at a separate town hall event earlier in the day in Elkader, Iowa, per Cedar Rapids' ABC affiliate KCRG. The reaction to Hinson reflectsscenesat other townhallshostedby GOP lawmakers as they have attempted to defend their support for Trump in his second term. A spokesperson for Hinson, in a statement after the Decorah town hall to NBC News, said the congresswoman 'is not afraid to face anyone and defend her support for the Trump agenda that is going to help Iowa families, farmers, and workers.' Hinson on X, formerly Twitter, also defended her remarks at the town hall. 'I will always tell you where I stand. I enjoyed hearing from constituents at my in-person town halls today and sharing more about my work with President Trump to secure the border and lower taxes for the middle-class,' she wrote. 'Thanks to everyone who came out - I'll continue to be accessible and transparent to you.' Elon Musk Is Leaving The Trump Administration After Criticizing 'Big Beautiful Bill' Federal Trade Court Blocks Trump From Imposing Sweeping Tariffs Under Emergency Powers Law Bono Reminds Everyone Whose The Real 'Boss' Of America As Trump-Springsteen Feud Rages On
Yahoo
3 days ago
- Business
- Yahoo
House Republican's Trump Talk Gets Not-So-Beautiful Response In Wild Town Hall Scene
Rep. Ashley Hinson's praise of President Donald Trump and his 'big, beautiful bill' didn't hold up on Wednesday as constituents hit back with jeers, boos and laughter during a town hall event in Decorah, Iowa. 'The president is, I believe, fighting for you and fighting for me —,' said Hinson (R-Iowa), just minutes into her prepared remarks at the event. 'No!' the crowd resoundingly shot back. Elsewhere in her remarks, Hinson got a sour reaction when she name-dropped Iowa Gov. Kim Reynolds (R), and she got jeered when she described 'all of the damage done' from Joe Biden's presidency before touting what she described as Trump's 'accomplishments.' 'I was also proud to vote for President Trump's 'One Big, Beautiful Bill' last week,' she said of legislation that could slash $1 trillion in health and food assistance programs to pay for about $4 trillion in tax cuts to mostly high earners. 'Boooooo!' replied the crowd as some attendees — seemingly supporting Hinson — sprinkled in claps. 'This is your time!' Hinson hit back. Hinson faced a similar reaction at a separate town hall event earlier in the day in Elkader, Iowa, per Cedar Rapids' ABC affiliate KCRG. Hinson: I believe President Trump is fighting for you—Crowd: No — Acyn (@Acyn) May 28, 2025 Hinson: I was proud to vote for President Trump's one big beautiful billCrowd: Boooooo — Acyn (@Acyn) May 28, 2025 The reaction to Hinson reflectsscenesat other townhallshostedby GOP lawmakers as they have attempted to defend their support for Trump in his second term. A spokesperson for Hinson, in a statement after the Decorah town hall to NBC News, said the congresswoman 'is not afraid to face anyone and defend her support for the Trump agenda that is going to help Iowa families, farmers, and workers.' Hinson on X, formerly Twitter, also defended her remarks at the town hall. 'I will always tell you where I stand. I enjoyed hearing from constituents at my in-person town halls today and sharing more about my work with President Trump to secure the border and lower taxes for the middle-class,' she wrote. 'Thanks to everyone who came out - I'll continue to be accessible and transparent to you.' I will always tell you where I stand. I enjoyed hearing from constituents at my in-person town halls today and sharing more about my work with President Trump to secure the border and lower taxes for the middle-class. Thanks to everyone who came out - I'll continue to be… — Ashley Hinson (@RepAshleyHinson) May 28, 2025 Elon Musk Is Leaving The Trump Administration After Criticizing 'Big Beautiful Bill' Federal Trade Court Blocks Trump From Imposing Sweeping Tariffs Under Emergency Powers Law Bono Reminds Everyone Whose The Real 'Boss' Of America As Trump-Springsteen Feud Rages On
