It can’t be said that Apple stock has had a boring last year. In twelve months, we’ve seen Apple hit $1 trillion in value. Then the stock tanked and AAPL entered the sinister-sounding “death cross.”
Now it’s rebounded and, if things continue to go well through today, it will achieve a feat it hasn’t managed since October 2010. That’s back when Steve Jobs was running Apple.
Apple stock closed down 1.03 percent yesterday as Wall Street continues to show relative indifference to Monday’s “show time” event.
While AAPL share prices hit $190.57, it finished out the day at $186.79. This came after a 2 percent dip the day before. It follows a media event that was big on talk, but relatively small on detail.
As excitement builds around Apple’s Monday event, the company is edging closer to reclaiming its $1 trillion market cap.
Apple stock enjoyed its biggest rally since January on Thursday. It closed at $195.09 per share, making its ninth positive day in the past 10 trading days. Having added $33 billion to its market cap on Thursday alone, Apple is currently valued at $919.9 billion.
Warren Buffett has been one of Apple’s biggest investor cheerleaders. However, the 88-year-old super investor says that he’s not going to be adding to his holdings unless prices go down.
“If it were cheaper, we’d be buying it. We aren’t buying it here,” Buffett told CNBC‘s “Squawk Box.”Apple: I don’t see myself selling – the lower it goes, the better, I like it, obviously.”
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.
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!
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!
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 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.
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 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 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.
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.
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.
I didn’t know what a “death cross” was when it comes to stocks, but it certainly doesn’t sound like the kind of thing investors clink glasses to celebrate.
In fact, it’s the point at which a stock’s 50-day moving average crosses below its 200-day moving average. It can reportedly be an accurate predictor of a bear market, a steep downward trend in the stock market. And Apple apparently is one of multiple stocks headed that way.
Apple has done a whole lot in 2018 but, from a stock price perspective, none of it matters. That’s because Apple’s declining stock price means that the company has now officially lost money this year.
AAPL finished 2017 at $169.23. At time of writing, it is trading at $164.48. Overall, it’s now down around 1 percent year-on-year. In the process, it’s fallen behind some major rivals.
If you’d had the foresight to invest in Apple and Microsoft back when they first went public, it’s no secret that you’d be sitting on a big old pile of cash today.
But which company would have made you more money? CNBC recently crunched the numbers and, well, the results are somewhat surprising.
Apple stock took another plunge yesterday, finishing down 4.4 percent. The reason for the fall is continuing concerns about the iPhone, which have caused numerous analysts to downgrade their price targets for AAPL.
It’s not just Apple that’s being affected, either. The company’s suppliers have also been hit by fears about the future of iPhone sales. Multiple suppliers associated with Apple have seen their stock prices decline by up to 5 percent as a result.
Struggling to understand how Apple stock erased more value in the last six weeks than it made in its first quarter-century?
It’s bloody complicated, but these five reasons help explain Apple’s plunging stock price.
Tech stocks have bounced back slightly after their dismal showing over the past month-and-a-half. Four out of the five FAANG stocks — Facebook, Apple, Amazon, Netflix, and Facebook — rose more than 1 percent in early trading today.
That’s not to say that the worst is behind them just yet, but it does suggest a turnaround could be on the cards. And not a moment too soon!
A number of news outlets reported over the weekend that Microsoft briefly overtook Apple as the most valuable U.S. company. This followed several weeks of precipitous declines for Apple, which has seen billions of dollars wiped off its market cap.
In fact, Apple continues to lead Microsoft with a valuation of $817.6 billion to Microsoft’s $791 billion. The incorrect reports were caused by confusion about Apple’s number of outstanding shares, used to calculate market cap. Microsoft is definitely getting closer, though!
Apple’s market cap has taken one heck of a beating over the past six weeks. But it’s far from alone.
A new report notes that tech’s FAANG stocks (that’s Facebook, Apple, Amazon, Netflix, and Google) have lost a combined $728 billion of their combined value in one-and-a-half months. That’s slightly more than the GDP of Saudi Arabia and only a bit less than that of the Netherlands.
Apple stock has continued to slide in the wake of negative stories about iPhone order numbers. AAPL shares lost up 2 percent in premarket trading.
At time of writing, they are valued at $193.53 per share. That’s down from the $232.07 Apple hit in early October, back when the company was comfortably valued at over $1 trillion.
It hasn’t been a great month to own shares of Apple. But if you’ve been considering getting in, one analyst says now is the time to buy.
Shares of the iPhone-maker have dropped 17 percent in less than two weeks. But this an overreaction to bad news from parts suppliers.
Steve Wozniak thinks that his Apple co-founder Steve Jobs would be very happy with Apple today. That’s because it’s still a company which puts people above technology, Woz told CNBC.
“Steve always acted that way,” Woz said. “The users should be more important than the technology itself. You should not be a victim of the technology and what it can do. You should get to live your human life in the most human way possible.”
