Apple stock was having a tough year after some early gains -- until investors erased the loss after Thursday's earnings report. Apple's share price has risen following its latest earnings report Investment firm Bernstein was right when it told clients to buy Apple stock because it was at an attractive low price. At the close of trading on Thursday, Apple's shares were at $173.03 In aftermarket trading, they have increased. A lot. At time of writing, the share price is $185.75 and...
Investment firm Bernstein is recommending clients buy Apple stock, and expects issues such as declining Chinese demand for the iPhone to be cyclical, especially with an AI iPhone. Apple is dealing with regulatory pressures and other unknowns Bernstein's position goes against that of JP Morgan, which does expect a boost from AI for Apple, but not until 2026 and the iPhone 17. Morgan Stanley has said that it is bullish about Apple, yet it also downgraded its stock price. Now Bernstein...
Apple (AAPL) stock is down about 9% year to date as it deals with a host of
The market's pricing in all of the bad and none of the good.
Famed investor Warren Buffett cut his firm's Apple holdings by 13% in the first quarter of 2023, as analyst consensus was that the iPhone was seeing declining demand. Warren Buffett [Berkshire Hathaway] Buffett is not a long-term investor in Apple -- his Berkshire Hathaway firm only started buying Apple stock in 2016 -- but it became a particularly significant shareholder. Warren Buffett also taught both Steve Jobs and Tim Cook about the value of a company buying back its own shares,...
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Payne Capital Management President Ryan Payne discusses the challenges
World markets have showed relief after the US Federal Reserve shot down talk of more interest rate hikes, while the yen back-pedalled after another suspected bout of intervention and Apple earnings loomed large for Wall Street. Europe had a sluggish morning on Thursday as much of the region returned from a day off but after […]
Apple stock has been one of the rare underperformers among technology
Apple (NASDAQ:AAPL – Get Free Report) announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 2nd, RTT News reports. The company plans to repurchase $110.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to reacquire up to 3.9% of its stock through open market purchases. Stock […]
Despite a recent Apple stock price target cut bank Morgan Stanley is amongst Apple's biggest bulls -- and it has proven that by nudging the company's price target up to $216. An Apple Store sign Morgan Stanley was oddly bullish about Apple even as it dropped its price target from $220 to $210. Following Apple's Q2 2024 earnings report, the company has increased its price target to $216, and sounds as if it feels vindicated. "Apple guided to an above-Street June Q, alleviated concerns...
In a move fitting for one of the largest companies in the world, Apple Inc.