Today, the stock closed at $18.27, the day's and week's high (though not quite so high as the flirting-with-$19 of two weeks ago). Generally, this trend continues until a few days after the WWDC, if my experience is correct.
IMO, the things we talk about here at AI have exactly zero to do with Apple stock. 98% of Apple investors have never heard of WWDC. Apple was up today because the nasdaq was up, that's all.
IMO, the things we talk about here at AI have exactly zero to do with Apple stock. 98% of Apple investors have never heard of WWDC. Apple was up today because the nasdaq was up, that's all.
Actually, I lurk quite frequently at yahoo!'s AAPL discussion board and they frequently post rumors (a whole lot from here). I think that there are quite a few people who get their 'news' from there or places like that.
IMO, the things we talk about here at AI have exactly zero to do with Apple stock. 98% of Apple investors have never heard of WWDC. Apple was up today because the nasdaq was up, that's all.
In my opinion, it'd be a mite strange if 98% of Apple stockholders were so ill-informed. Heck, I only have 68 shares, and I check for news every day.
While the stock price may not be very affected by rumors on AI, I think WWDC might have a very real effect on it, and I've read the same in several other places.
IMO, the things we talk about here at AI have exactly zero to do with Apple stock. 98% of Apple investors have never heard of WWDC. Apple was up today because the nasdaq was up, that's all.
Man, you haven't seen many stock market movies, have you?
Tech stocks in general have been on the rise recently due to better then anticipated sales from the big guys. WWDC and what "may" come from there has absolutely nothing to do with the rise in Apple recently. (The stock has fluctuated up and down ever since iTMS was introduced.)
Apple stock will drop on the first day of WWDC, as it always does with big announcements. It will rise back to normal about 2 weeks to a month later when the doom-and-gloom crowd make way for some positive feedback. It will rise again a few days after the invariable sell-off at financial earnings time, when people realize there is good news in those statements. It's so predictable.
Yep, Apple goes up leading into an expected major announcement at a Macworld Expo or WWDC, and then almost always dives for awhile afterwards, regardless of what is said.
The last part is right. But sometimes they go up and sometime they go down before the shows. And that is never rumor driven.
And you know it's pretty substantial speculation when a company like Needham upgrades Apple's rating based on it. They think the chance of Apple's PowerMacs seeing an increase in sales is worth the risk of some angry stockholders if they're wrong, which is a good sign.
For those who haven't read the article (from CBS Marketwatch):
NEW YORK (CBS.MW) -- Apple shares hit a 52-week high Wednesday after Needham & Co. upgraded the personal computer maker.
Encouraged by the strength of accelerating IPod sales and a possible rebound in PowerMac sales beginning this fall, analyst Charles Wolf raised his recommendation on Apple (AAPL, Trade) to "buy" from "neutral" while also lifting his 2003 earnings per share estimate to 23 cents and his 2004 forecast to 60 cents from 50 cents.
After rising to $19.48 in earlier action, Apple shares stood at $19.15, up 96 cents, or 5.3 percent, in afternoon action.
"The ITunes Music Store and the new IPods promise to lift Pod sales to a much higher plateau," Wolf told clients, noting that sales of Apple's portable music player have accelerated unexpectedly following the April 28 launch of the online music service, which allows a person to download and burn songs on an unlimited number of CDs for personal use.
Meanwhile, in announcing that it would introduce a version of the products for Windows, Wolf said the company took a significant step to position itself as a digital entertainment company, not only a computer maker.
"In doing so, Apple finally appears willing to sacrifice some Macintosh sales for the opportunity to address the entire market -- both Mac and Windows users," Wolf said, noting that future additions to its portfolio of digital devices "could be the fillip to offset possible lackluster PC sales."
Still, Wolf expects sales of Apple's high-end PowerMac family of computers, which have fallen for two years, could rebound beginning in the first quarter of fiscal 2004 because of an alignment of three key PowerMac sales drivers.
First, he said, the processor speed gaps between the PowerMac and Windows machines should significantly narrow when Apple introduces new PowerMacs that run on IBM's new 970 processor. That introduction is expected at the company's Worldwide Developers Conference on June 23.
The analyst also expects the recent release of graphics software Quark Express for Mac OS X will boost Power Mac sales while strong advertising demand for this fall's television season was seen stimulating demand for the PowerMac among graphics professionals.
"With the applications in place, advertising spending rebounding and a new more powerful processor family running them, PowerMac sales should rebound from the lethargy of the past two years," Wolf said.
The upgrade was the third in recent months for Apple, as its new products continue to win over the sell-side.
On May 8, Smith Barney upgraded the stock to "in-line" from "underperform" on the belief ITunes could potentially be worth an additional $3 to the company's share price and on April 11 UBS raised it rating to "strong buy" from "hold."
Comments
Originally posted by BRussell
IMO, the things we talk about here at AI have exactly zero to do with Apple stock. 98% of Apple investors have never heard of WWDC. Apple was up today because the nasdaq was up, that's all.
Actually, I lurk quite frequently at yahoo!'s AAPL discussion board and they frequently post rumors (a whole lot from here). I think that there are quite a few people who get their 'news' from there or places like that.
Originally posted by BRussell
IMO, the things we talk about here at AI have exactly zero to do with Apple stock. 98% of Apple investors have never heard of WWDC. Apple was up today because the nasdaq was up, that's all.
In my opinion, it'd be a mite strange if 98% of Apple stockholders were so ill-informed. Heck, I only have 68 shares, and I check for news every day.
While the stock price may not be very affected by rumors on AI, I think WWDC might have a very real effect on it, and I've read the same in several other places.
Originally posted by BRussell
IMO, the things we talk about here at AI have exactly zero to do with Apple stock. 98% of Apple investors have never heard of WWDC. Apple was up today because the nasdaq was up, that's all.
Man, you haven't seen many stock market movies, have you?
It's all about the rumors...
Originally posted by AirSluf
Yep, Apple goes up leading into an expected major announcement at a Macworld Expo or WWDC, and then almost always dives for awhile afterwards, regardless of what is said.
The last part is right. But sometimes they go up and sometime they go down before the shows. And that is never rumor driven.
Originally posted by Malokata
Surpassed $19 today on no news from Apple whatsoever.
And...?
Originally posted by Anders
And...?
And twelve cents, at the moment.
Originally posted by Paul
yeah but there was news about AAPL being upgraded from hold to buy based on strong iPod sales and the diversification of Apple's products...
Not to mention the speculation that powermac sales could make a come back in the fall. Hmm. Sounds like some WWDC speculation to me?
For those who haven't read the article (from CBS Marketwatch):
NEW YORK (CBS.MW) -- Apple shares hit a 52-week high Wednesday after Needham & Co. upgraded the personal computer maker.
Encouraged by the strength of accelerating IPod sales and a possible rebound in PowerMac sales beginning this fall, analyst Charles Wolf raised his recommendation on Apple (AAPL, Trade) to "buy" from "neutral" while also lifting his 2003 earnings per share estimate to 23 cents and his 2004 forecast to 60 cents from 50 cents.
After rising to $19.48 in earlier action, Apple shares stood at $19.15, up 96 cents, or 5.3 percent, in afternoon action.
"The ITunes Music Store and the new IPods promise to lift Pod sales to a much higher plateau," Wolf told clients, noting that sales of Apple's portable music player have accelerated unexpectedly following the April 28 launch of the online music service, which allows a person to download and burn songs on an unlimited number of CDs for personal use.
Meanwhile, in announcing that it would introduce a version of the products for Windows, Wolf said the company took a significant step to position itself as a digital entertainment company, not only a computer maker.
"In doing so, Apple finally appears willing to sacrifice some Macintosh sales for the opportunity to address the entire market -- both Mac and Windows users," Wolf said, noting that future additions to its portfolio of digital devices "could be the fillip to offset possible lackluster PC sales."
Still, Wolf expects sales of Apple's high-end PowerMac family of computers, which have fallen for two years, could rebound beginning in the first quarter of fiscal 2004 because of an alignment of three key PowerMac sales drivers.
First, he said, the processor speed gaps between the PowerMac and Windows machines should significantly narrow when Apple introduces new PowerMacs that run on IBM's new 970 processor. That introduction is expected at the company's Worldwide Developers Conference on June 23.
The analyst also expects the recent release of graphics software Quark Express for Mac OS X will boost Power Mac sales while strong advertising demand for this fall's television season was seen stimulating demand for the PowerMac among graphics professionals.
"With the applications in place, advertising spending rebounding and a new more powerful processor family running them, PowerMac sales should rebound from the lethargy of the past two years," Wolf said.
The upgrade was the third in recent months for Apple, as its new products continue to win over the sell-side.
On May 8, Smith Barney upgraded the stock to "in-line" from "underperform" on the belief ITunes could potentially be worth an additional $3 to the company's share price and on April 11 UBS raised it rating to "strong buy" from "hold."