Where Will Apple Stock Be in 3 Years?

Investing.com – Israel stocks were higher after the close on Sunday, as gains in the Communication, Insurance and Real Estate sectors led shares higher.

At the close in Tel Aviv, the TA 35 added 1.19% to hit a new all time high.

The best performers of the session on the TA 35 were Nova (TASE:NVMI), which rose 4.80% or 3,960.00 points to trade at 86,390.00 at the close. Meanwhile, Dimri (TASE:DIMRI) added 3.17% or 1,110.00 points to end at 36,180.00 and Phoenix Holdings Ltd (TASE:PHOE) was up 3.05% or 350.00 points to 11,830.00 in late trade.

The worst performers of the session were ICL Israel Chemicals Ltd (TASE:ICL), which fell 0.78% or 16.00 points to trade at 2,030.00 at the close. Fattal 1998 Holdings Ltd (TASE:FTAL) declined 0.73% or 390.00 points to end at 53,130.00 and Ormat Technologies (TASE:ORA) was down 0.59% or 180.00 points to 30,370.00.

Rising stocks outnumbered declining ones on the Tel Aviv Stock Exchange by 318 to 148 and 77 ended unchanged.

Crude oil for October delivery was down 2.54% or 1.61 to $61.87 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 2.22% or 1.49 to hit $65.50 a barrel, while the December Gold Futures contract rose 1.29% or 46.60 to trade at $3,653.30 a troy ounce.

USD/ILS was down 0.24% to 3.34, while EUR/ILS rose 0.36% to 3.91.

The US Dollar Index Futures was down 0.59% at 97.73.

Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the Industrial Investment, Real Estate Development and Petrochemicals sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 0.58% to hit a new 1-month low.

The best performers of the session on the Tadawul All Share were Thimar Development Holding Co (TADAWUL:4160), which rose 10.00% or 4.55 points to trade at 50.05 at the close. Meanwhile, Saudi Fisheries Co. (TADAWUL:6050) added 9.95% or 8.75 points to end at 96.65 and Ash-Sharqiyah Development Company (TADAWUL:6060) was up 7.41% or 1.16 points to 16.82 in late trade.

The worst performers of the session were Arriyadh Development Co. (TADAWUL:4150), which fell 5.70% or 1.90 points to trade at 31.42 at the close. Al Sagr Co-operative Insurance Co (TADAWUL:8180) declined 5.00% or 0.64 points to end at 12.16 and Middle East Paper Co (TADAWUL:1202) was down 3.55% or 0.98 points to 26.60.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 201 to 127 and 31 ended unchanged.

Crude oil for October delivery was down 2.54% or 1.61 to $61.87 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 2.22% or 1.49 to hit $65.50 a barrel, while the December Gold Futures contract rose 1.29% or 46.60 to trade at $3,653.30 a troy ounce.

EUR/SAR was up 0.59% to 4.40, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was down 0.59% at 97.73.

Investing.com -- U.S. District Judge Amit Mehta’s ruling in the Google (NASDAQ:GOOGL) Search antitrust case is set to reshape online travel by curbing Google’s ability to secure exclusive search agreements.

Bernstein analysts described the development as “good news for the OTAs,” noting that any limitation of Google’s disruptive power in search distribution opens up the market for Booking, Expedia and Airbnb.

One of the most consequential changes is the ban on deals that guaranteed Google default placement on platforms such as Apple and Verizon. 

The decision could revive “Apple suggestions,” a feature that existed until 2016 but was discontinued under Google’s exclusivity contract with Apple. 

The report explains that this feature “allowed targeted searches on Safari/Siri to bypass Google to a vertical specific site,” meaning a query like “vacation rental Miami” could now lead directly to Airbnb or Booking without the companies having to pay Google.

The ruling also highlights the possibility for OTAs to negotiate directly with device makers. 

As Bernstein put it, “Booking could pay an OEM to have its app preinstalled and for all relevant search queries (‘Hotels Miami,’ ‘Flights to London’) to be directed to the app.”

Analysts added that eliminating what they call the “Google tax” would “near certainly raise the profitability” of OTA-paid search traffic.

Still, the analysts cautioned that Google’s strength in travel remains formidable. “Google continues to innovate and Tripadvisor called out changes to the algorithm at their Q2 results for a drop in organic traffic,” they said. 

With proprietary consumer data and hotel reviews, Google’s travel tools help even smaller players target ads effectively, while alternatives such as Bing and DuckDuckGo either lack a dedicated hotel product or rely on biased third-party integrations.

The case is also inseparable from the broader shifts in artificial intelligence. The analysts acknowledged this directly, “AI will nearly certainly take share, but changes to Google Search are still material.” 

Despite the growing influence of AI-driven discovery tools, Google remains “by far the most important top of funnel player,” the brokerage said with Booking itself reporting an increase in Google clicks during the second quarter.

While stressing that it is “premature to conclude that this will meaningfully change estimates or recommendations,” the analysts said the ruling “appears to be a positive day for Online Travel Agencies, who have gained an increased chance of disintermediating Google and enjoying a more fragmented top of the funnel.”

Investing.com -- Spirit Airlines has entered Chapter 11 bankruptcy for the second time in less than two years, renewing concerns about the outlook for the U.S. airline industry. 

The filing, announced Friday after the close of trading, offered no details on debtor-in-possession financing or a restructuring plan.

Spirit has already cut deep. The carrier reduced capacity 24.5% year over year in the second quarter, is scheduled to shrink 26.5% in the third quarter, and will scale back another 12.8% in the fourth. 

Its share of domestic capacity now stands at 4%, down from 5.3% in 2023. In its statement, the airline said it will “focus its flying on key markets to provide more destinations, frequencies and enhanced connectivity in its focus cities,” highlighting Fort Lauderdale, Orlando and Detroit while retreating elsewhere.

The market reaction to Spirit’s previous bankruptcy in November 2024 was mixed. Airline stocks fell sharply on the day of that filing, with Frontier down 18% and JetBlue down 9.5%. 

Over the following three months, Alaska, Frontier and Sun Country outperformed, while JetBlue and Southwest lagged. 

Analysts caution against assuming the same outcome this time. Consensus 2025 earnings estimates have fallen across the sector, with United and Delta down 15% and 22% respectively. By contrast, Frontier and JetBlue saw declines of more than 200%.

Exposure to Spirit varies widely. Frontier faces the heaviest overlap, with 40% of its seats competing directly. JetBlue is exposed on 12% of its system, Sun Country 9% and Southwest 7%. United, American and Allegiant show 4% to 5% overlap, Alaska 2%, while Hawaiian has none.

At the market level, Spirit’s pullback is most visible in its key airports. At Fort Lauderdale, it holds 26% share, trailed by JetBlue at 21% and Delta at 12%. 

In Orlando, Southwest leads with 19%, while Delta, JetBlue and Frontier cluster near 9%. Spirit has lost ground in Las Vegas, where its 9% share trails Southwest at 31%. 

Detroit remains dominated by Delta at 71%, though Spirit has grown capacity there 19% this year. In Los Angeles, where United and Delta each hold 13%, Spirit has shrunk to just 2%.

Industry trends set the backdrop. Domestic capacity turned negative year over year in August, fares improved, and jet fuel prices moderated. 

Wolfe Research analysts wrote that “the bull-case on airlines seems to be building with Spirit’s bankruptcy,” while adding that the carrier represents only 4% of industry capacity, meaning the filing “isn’t necessarily a cure-all for the industry”.

Performance remains weak in 2025. The Wolfe Airline Index is down 14% year to date, underperforming the S&P 500, which is up 10%. 

The Domestic Airline Index has fallen 19%, while the Legacy Airline Index is down 4%. Since 2019, market share has shifted only modestly.

Delta stands at 19.6%, United at 18.3% and American at 20.5%. Southwest holds 17.9%, while smaller carriers remain in single digits. Spirit itself is down to 4%.

History offers one final reference point. Both Frontier and Sun Country shrank sharply after filing Chapter 11 in prior years but returned to growth about two years later. 

Spirit, which already cut 20% to 30% of capacity through 2025, is scheduled to shrink another 13% in the fourth quarter. Its future, and the industry’s response, remain tied to how that restructuring unfolds.