Apple shares stumble as Warren Buffett’s firm trims holdings

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Buffett
Warren Buffett has been a massive Apple cheerleader.
Photo: CNBC

In good times, the “Warren Buffett effect” has caused Apple shares to soar — by showing everyone that the world’s most famous investor believes in Apple. However, the opposite is also true: An apparent second thought on the part of Buffett’s firm Berkshire Hathaway can cause shares to fall.

That’s what happened this week, when Berkshire Hathaway was revealed to have slightly reduced its Apple holdings. Responding to the news, Apple shares fell 0.5 percent in pre-market trading.

Apple briefly regains place as most valuable public company

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Tim Cook and Ivanka Trump
Apple was back at the top of the mountain yesterday!
Photo: Apple

For a long time, Apple stock was predictable in the way that 1980s Mike Tyson was predictable: steamrolling through challengers as it firmly held onto its status as all-conquering champion.

That changed last year as Apple’s market cap fell behind Amazon, Google, and even old rival Microsoft. But yesterday, for a few moments, it climbed back to the top of the mountain as the world’s most valuable company once again. For a blink-and-you’ll-miss-it moment, that is!

Apple passed on share buybacks while they were cheap

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Big pile of cash underneath an Apple logo.
Apple stock tumbled at the end of last year. Apple didn't buy low, though.
Photo: Ste Smith/Cult of Mac

During good times, Apple’s record-breaking share buyback has been credited with helping with a stock market boom.

Something weird happened in December, however. When Apple’s stock price was tumbling from its record high, Apple stopped buying back shares. Clearly the whole “buy low, sell high” thing doesn’t always apply!

Disappointing holiday earnings don’t stop Apple shares from rebounding

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Cash app with cash money
Apple's on its way back up.
Photo: Ian Fuchs/Cult of Mac

Apple may have suffered a few bruising months, but it seems that investors aren’t ready to lose faith in the Cupertino giant.

Despite Apple announcing disappointing holiday earnings, shares in the company rebounded today. Having performed strongly in pre-market trading, they are currently valued at — time of writing –$161.44. That’s the highest AAPL has been since the middle of December.

Another analyst thinks Apple shares are going cheap

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money
If you're looking to invest in Apple, this might be the time!
Photo: Ste Smith/Cult of Mac

Another analyst has declared that Apple stock is currently undervalued following on from yesterday’s earnings call.

“The stock is cheap, I mean, it’s selling at low multiples,” King Lip, chief strategist at Baker Avenue Asset Management, told CNBC’s Squawk Box on Wednesday. However, Lip said that Apple is going to have to prove itself with a “killer app or killer product” sometime in the next 12 months.

Shark Tank star thinks it could be the right time to invest in Apple

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O'Leary
Kevin O'Leary previously sold off his AAPL shares due to iPhone concerns.
Photo: CNBC

Apple stock is down right now — and if you’re a potential investor looking to dive in, that’s good news.

At least, that’s according to Shark Tank star and chairman of O’Shares ETF Investments, Kevin O’Leary. In a new interview, O’Leary notes how, “Apple is getting cheap again.” Despite previously selling off his Apple stock due to the iPhone decline, O’Leary now says he’s tempted to invest again.

FAANG stocks are bouncing back — except Apple

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apple earnings
"I think what Tessa’s saying is that you haven’t bounced back."
Photo: Ste Smith/Cult of Mac

FAANG stocks suffered a massive dip before the holidays, wiping out $1 trillion in combined value. Now they’re bouncing back — with one notable Apple-shaped exception.

While Facebook, Google, Netflix and Amazon have all gained between 10.7 percent and a massive 50 percent since Christmas Eve, Apple is severely lagging. It’s up just 5.5 percent over the same period.

Apple market cap falls behind Amazon, Microsoft and Google

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money
Apple's had a rough few months.
Photo: Ste Smith/Cult of Mac

Apple shares suffered their worst day since January 2013 yesterday, declining almost 10 percent in a single day. Since its valuation peak of $1.1 trillion in 2018, Apple has lost approximately $450 billion of its market cap.

Having been the world’s most valuable public company, Apple now sits behind Microsoft, Amazon and Google parent company Alphabet among the top-valued tech giants.

Apple shares plummet following Tim Cook letter

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Tim Cook earnings apple
AAPL shares declined in after-hours trading.
Photo: Ste Smith/Cult of Mac

AAPL shares fell steeply in after-hours trading on Wednesday, after Tim Cook acknowledged that Apple’s earnings would underperform its own guidance for Q4 2018.

Shares fell by more than 7.4 percent, declining as low as $146.22. That’s the lowest that Apple has hit since July 12, 2017. It means that Apple has lost a massive 35.5 percent of its value in just three months.

AAPL experiences massive share price rise

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apple stock price
Gene Munster predicts big things for Apple in 2019.
Photo: Buster Hein/Cult of Mac

Apple got a late Christmas gift on Wednesday, when its AAPL stock experienced the stock’s biggest rise in five years.

While AAPL is still down considerably from the $1 trillion+ high point it hit earlier in 2018, it’s a strong positive move. And one analyst thinks that Apple’s set to be the top-performing FAANG stock in 2019, too.