Apple stock may have risen fairly consistently through 2019, but that hasn’t been enough to stop Harvard dumping the stock.
Harvard Management Company, the Harvard-owned investment company which is the largest academic endowment in the world, has sold all of its Apple stock. At the end of the second quarter of 2019, it owned more than $100 million of AAPL.
Apple stock is hitting its highest value in history — and could be poised to surge a whole lot higher.
After analysts at Raymond James raised their price target to $280, AAPL rose 2% to start the week strongly. It is currently trading at $240.51. However, Piper Jaffray chief market technician Craig Johnson thinks it could well rocket past $300.
Apple has hit a new all-time high valuation as shares rose 1.7% to hit $234.09. That gives Apple a market cap of $1.058 trillion. Talk about valuable!
It comes as investors expected top level trade talks between the US and China to result in a partial deal. At the very least, people are expected planned tariffs on products, including the iPhone, to be delayed.
Apple is within 3% of hitting a record-high market cap, with a current valuation of $1.037 trillion. And it might be about to climb even higher.
“Longer term, this is one of the best stocks out there,” MKM Partners chief market technician JC O’Hara told CNBC. However, in the short term, O’Hara thinks Apple faces a few challenges.
Apple’s share price is within striking distance of reaching a new all-time high.
That’s particularly impressive following the release of an iPhone many predicted would be boring and new Services Wall Street has yet to get excited about.
Apple will reveal its next quarterly earnings report at the end of October. According to Apple’s updated Investor Relations webpage, the Q4 2019 earnings report will land on October 30.
This will cover the fiscal fourth quarter of 2019 — the three months leading up to the iPhone 11 release.
Apple hit all its performance expectations this year — and CEO Tim Cook is being rewarded for that achievement.
According to a new Securities and Exchange Commission (SEC) filing, Cook has been awarded 560,000 restricted stock options. At present market prices, that equals around $115 million. Not a bad payday!
Apple stock could be about to make some impressive gains. Having been depressed as a result of concerns about possible China tariffs, analysts think it might be about to experience a big value increase.
Analysts for MKM Partners and Rockefeller Capital point out that Apple has weathered the 2019 storm impressively well. Gradually trending upward, if it’s able to maintain it’s momentum we could be in line for some big share price jumps.
Tim Cook has donated more than $5 million worth of Apple shares to a charity, as revealed by a U.S. Securities and Exchange Commission filing posted this week.
Cook’s decision to give away 23,700 shares of AAPL stock comes one year after he made a similarly sized donation to charity. Apple’s CEO has said that he plans to give away his entire fortune, currently valued at around $625 million.
Apple is readying 75 million 80 million iPhones ahead of next month’s iPhone 11 launch, says Wedbush analyst Daniel Ives.
Despite some of his gloomier peers “yelling fire in a crowded theater” about Apple, he’s confident about Apple’s future. That’s even with the ongoing U.S. vs. China trade tensions looming menacingly in the background.
Apple and its suppliers soared on the news that the iPhone would not be hit by tariffs in President Trump’s ongoing trade skirmish with China.
AAPL reached as high as $209.90 Tuesday. It started the day hovering around $200. That’s an increase of around 4.2%. Meanwhile, suppliers in Japan enjoyed a good trading day Wednesday. Some stocks jumped as up 6%.
President Donald Trump’s newly announced China tariffs put a real hurting on Apple’s stock price. But don’t worry, because investors think Apple will weather the storm — and advise that you hang onto your AAPL holdings for now.
Heck, you could even buy more.
Today’s Apple earnings could well be the company’s most boring quarterly report this year. But if you’re looking for a no-risk time to throw some short-term cash at Apple stock, now could be the right moment.
Well, according to CNBC’s Jim Cramer, at least.
My colleague Buster Hein described tomorrow’s Apple earnings call as the company’s “most boring” earnings report of the year. And it seems like analysts aren’t rushing to disagree with him.
Looking at analyst expectations for Tuesday shows that, overall, people have pretty low expectations. And that’s all part of a “flattening out” of Apple earnings.
People sure love predicting doom and gloom for Apple — but that might actually turn out to be a good thing. At least, as far as investors are concerned.
According to Morgan Stanley analysts, Apple is way over-performing current negative perceptions about its business. And that’s going to pay off in spades when it comes to the next earnings announcement.
Apple won’t get 5G iPhones until next year, but already it’s causing investment analysts to geek out on the hype.
In a new note to clients, an analyst for investment banking firm Raymond James raises the firm’s price estimate on Apple due to the next-gen connectivity technology. That’s despite the fact that he thinks this year’s iPhone refresh will be a disappointment.
It’s not just Apple which relies on, well, Apple to make money. There’s a whole ecosystem of other companies orbiting the giant Cupertino sun, too. And they’re all affected by whatever news raises or lowers Apple’s share price.
That’s what took place this week when Wall Street’s latest wobble about Apple sent out shockwaves through the supply chain. As a result, a whole lot of companies which do business with Apple suffered their own sympathy stock declines.
Apple shares increased 2% on Monday, buoyed by the news that the burgeoning trade war between China and the U.S. could be over.
In all, AAPL is up almost 30% for the year. But according to an equity strategist, what happens next could be crucially important. It’s either very good news for Apple, or very bad.
With the exception of Tim Cook, Jony Ive is almost certainly the most famous person associated with the modern era of Apple.
As the iconic Brit designer known to millions for waxing lyrical in front of a white backdrop on Apple keynotes (and, you know, designing a whole bunch of insanely great products), he’s an Apple icon.
So what kind of impact did his newly announced departure have on Apple’s stock price? Maybe not as much as you might think.
Apple shares are having a rough time right now — but, don’t fear, investors simply think this is a great opportunity to invest.
Shares in AAPL are currently trading at $177.39. That’s down from a high of $211.75 at the start of May. It’s also way down from Apple’s all-time high of $233.47 in October. Unless things turn around in the next couple of days, that will mean Apple posting its worst month of 2019.
Apple comes in third on this year’s Fortune 500 list, a ranking of companies based on revenue.
Apple lagged behind Walmart and ExxonMobil in terms of revenue. However, it massively outperforms both in terms of profitability. Interestingly, No. 4 on the list — Warren Buffett’s Berkshire Hathaway firm — is also one of Apple’s biggest investors.
Concerns about the U.S.’s trading relationship with China is hitting Apple shares.
AAPL’s share price has been steadily sliding since President Donald Trump took to Twitter to talk trading tariffs. It’s currently trading at $189.15, down from its high of $211.75 earlier this month.
After slowing down on buying back shares in Q4 when they were cheap, Apple is once again ramping up its share repurchases.
In the first three months of 2019, Apple spent a massive $24 billion buying back its own shares. The board of directors has also added a further $75 billion to Apple’s share repurchase authorization.
After crashing late last year, Apple stock has had a massive resurgence this year. Its next milestone to hit? Being on track to flash a so-called “golden cross” technical pattern.
This indicates the potential for a major rally. It takes place when a stock’s short-term moving average crosses above its long-term moving average. Golden crosses have recently appeared for Facebook, Amazon, Netflix, and Google parent company Alphabet.
Mega-investor Warren Buffett says that Apple’s most recent earnings confirm “the reason [my firms owns] $50 billion-plus of Apple.”
Speaking on CNBC, the Berkshire Hathaway investor said that, “I was pleased with what they reported.”