Apple stock is breaking records — and could be about to surge again

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Apple-backed startup fund loses $8.9 billion in 3 months
Maybe it's not too late to invest after all!
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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 is more valuable than it’s ever been

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Apple is more valuable than it’s ever been
Apple's worth $1.058 trillion.
Photo: 401(K) 2012/Flickr CC

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 within 3% of hitting amazing all-time-high valuation

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Apple-backed startup fund loses $8.9 billion in 3 months
New hardware in the pipeline could lift Apple stock even higher.
Photo: Pixabay/Pexels CC

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 will announce its final 2019 earnings on October 30

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Apple is more valuable than it’s ever been
Earnings will cover the three months leading up to the launch of the iPhone 11.
Photo: 401(K) 2012/Flickr CC

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.

Today in Apple history: Apple stock smashes through $700 barrier

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bull Wall Street
Like a bull in an ... Apple store?
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September 17: Today in Apple history: Apple stock smashes through $700 a share September 17, 2012: On the back of record iPhone 5 preorders of 2 million in 24 hours, Apple’s stock price hits a new all-time high. For the first time in history, AAPL breaks the $700 mark in after-hours trading. Passing the milestone cements Cupertino’s place as the world’s most valuable publicly traded company.

Amazingly, the new record is $270 a share higher than Apple at the start of the year. The stock rose 65% in just nine months.

Tim Cook gets lucrative reward for his success as Apple CEO

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Tim Cook interview
"And then I think I'll buy 7 iPhone XS Max units... and a mansion... and a private jet."
Photo: The David Rubenstein Show: Peer to Peer

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 in for a massive boost

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AAPL shakes trade fears
Apple stock has been trending upward throughout 2019.
Photo: CNBC

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 makes massive donation to charity

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Tim Cook talks diversity, sustainability, and coming out as gay
"Don't worry, guys, I found my wallet!"
Photo: Apple

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.

Today in Apple history: Apple steals a financial record from Microsoft

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Tim Cook earnings apple
Yet another financial milestone.
Photo: Ste Smith/Cult of Mac

Aug 20: Today in Apple history: Apple passes Microsoft as most valuable publicly traded stock ever August 20, 2012: Apple passes a financial milestone as it becomes the most valuable publicly traded stock ever.

The company it bests to attain this record? Longtime rival Microsoft, which peaked on December 30, 1999. Apple’s surge to the top spot serves as a reminder of just how radically the fortunes of both companies changed over the years.