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Apple Down 1.5%, HP Slides 3%

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Apple

Apple (AAPL) fell ~1.5% on June 25. It has returned -1.8% over the last two trading sessions, -3.5% in the last five days, -3.4% in the last month, and 25% over the last 12 months. In fiscal 2017, 24% of Apple’s sales were from Europe, 19.6% were from China (FXI), 7.8% were from Japan (EWJ), and 6.6% were from the rest of the Asia-Pacific region.

As several Apple products are assembled in China, a US-China trade war could disrupt supply chains, result in boycotts, and raise product prices. Apple stock is now trading at a 10% discount to analysts’ 12-month median price target of $200.

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HP

HP (HPQ) stock fell ~3% yesterday. It has returned -1.8% over the last two trading sessions, -2.4% in the last five days, 5.4% in the last month, and 30% in the last 12 months.

In fiscal 2017, ~63% of HP’s sales were from international markets, and 37% were from the United States. HP stock is now trading at a 17% discount to analysts’ 12-month median price target of $27.

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