Following its strong quarterly earnings call yesterday, AAPL stock has opened 6 percent up at $159 a share, representing a new all-time high valuation for Apple.
With a market cap of $830 billion, suddenly the proposed Wall Street valuation of 1 trillion dollars within the next year looks a whole lot more realistic! Why did we ever doubt it?
Hot off the heels of his riveting Q2 2017 earnings call, Apple CEO Tim Cook is set to make an appearance on CNBC’s Mad Money show for investors.
Some of the world’s biggest investors have ditched their Apple shares lately, but where others see doom and gloom Warren Buffett sees an opportunity to make some serious money.
Warren Buffet’s legendary investment firm Berkshire Hathaway has taken a large position in Apple stock, scooping up 9.81 million shares, worth about $1.07 billion.
LendingRobot today launched a pretty important mobile app for peer lenders. It’s LendingRobot Dashboard, and it lets these lenders monitor all their portfolios across three separate services: LendingClub, Prosper and Funding Circle. It’s the only mobile app available that allows investors to connect from across multiple marketplaces and see their portfolios at a glance.
AAPL shares rose 5.6% in value today after word came out that billionaire investor Carl Icahn thinks the company is ‘extremely undervalued.’ The stock was trading above $493 a share after 3PM ET today — a nice $26 jump up from the stock’s closing price on Monday.
Icahn revealed on Twitter that he spoke briefly with Tim Cook today about the company’s future and that he’s decided to make a large position with Apple:
Over the last couple of weeks a ‘silly sideshow’ has been playing out between Greenlight Capital and Apple Inc. Greenlight Capital’s CEO, David Einhorn, has been trying to force Apple to offer preferred stock plans by suing Apple in court, while Tim Cook and Apple disagree with his proposals.
Even though Einhorn has won at least one small victory over Apple in court, it’s been reported that Greenlight Capital just dropped their lawsuit against Apple.
Even though the news that Apple fired Scott Forstall and John Browett was released on Monday, investors didn’t have an opportunity to react to the new changes in management thanks the the stock markets being closed due to hurricane Sandy.
The markets opened today for the first time all week and investors showed that they’re not feeling incredibly optimistic about Apple right now. Apple’s stock price dropped about 2.4% and was trading at $589.60 this morning, which is the lowest price the stock has seen since July.
Third wealthiest man in the world, Warren Buffett, known for his tremendous investment success as well as his high-end philanthropy, told a group of investors at the Berkshire annual meeting that he had no interest in investing in Apple (or Google), seeing them as risky investments.
