Apple stock is going through the roof!
Holy crap... Apple stock is rocketing upwards... At the time of this posting, AAPL was at 19.07!
+0.88
+4.84%
Holy crap... Apple stock is rocketing upwards... At the time of this posting, AAPL was at 19.07!
+0.88
+4.84%
Comments
Originally posted by COS
At the time of this posting, AAPL was at 19.07!
+0.88
+4.84%
Well see MacNN front for the reason.
Originally posted by KidRed
Well see MacNN front for the reason.
I remember a couple years back, Apple's stock surpassed Microsoft's. It didn't last too long, but if Needham says that they anticipate the stock to shoot up to $23 per share, Apple would only be two dollars behind Microsoft's current stock rating.
msft value has been fluctuating back and fourth for the past couple days, often times by as much as $2-$3. It may be likely that Apple stock may shoot past Microsoft in the next week or so.
Originally posted by COS
I remember a couple years back, Apple's stock surpassed Microsoft's. It didn't last too long, but if Needham says that they anticipate the stock to shoot up to $23 per share, Apple would only be two dollars behind Microsoft's current stock rating.
msft value has been fluctuating back and fourth for the past couple days, often times by as much as $2-$3. It may be likely that Apple stock may shoot past Microsoft in the next week or so.
Or it will fall again post WWDC as it "always" do
Originally posted by KidRed
Of course, if nothing good is announced on monday, no 970, no announcement, no nothing, then I'd sell as quick as you can. Traditionally, stock plummets the day of and after events due to essive rumor wishes.
Several analysts have said that aaple cant get a break... that typically the introduction of good news results in an aapl sell-off. I believe that stock traders were simply looking for next generation hardware... next generation hardware that has been rumored to be released for as long 4 years! When it wasn't announced, you heard a collective... "Awwwwwwww!" then mass sell offs occured.
I wonder if the introduction of 970-based hardware will cause investors to stick this time.
Originally posted by Anders
Or it will fall again post WWDC as it "always" do
Yep. The stock goes with the collective atmosphere around here -- super-high expectations now, super-dissapointment right after WWDC. About amonth later, things will settle down.
Originally posted by KidRed
Of course, if nothing good is announced on monday, no 970, no announcement, no nothing, then I'd sell as quick as you can. Traditionally, stock plummets the day of and after events due to essive rumor wishes.
Often the stock falls even after something good is announced. They say 'buy on the rumor, sell on the news.'
Playing Apple's tune
Unexpected strength prompts analyst upgrade
By Susan Lerner, CBS.MarketWatch.com
Last Update: 4:18 PM ET June 18, 2003
NEW YORK (CBS.MW) -- Apple shares hit a 52-week high Wednesday after Needham & Co. upgraded the personal computer maker
Apple shines on analyst upgrade
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: news, chart, profile) 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 backed off to close at $19.12, up 93 cents, or 5.1 percent.
"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."
Originally posted by keyboardf12
why so close to a big apple event ensign?
I did a couple of "week" trades the past month: in at $15, out at $18, in at $16.50, out at $18 again and I thought I could make one more round trip before the Monday keynote.
Stupid Wall Street analysts, they have no clue about WWDC, but they upgrade APPL on the basis of "Hey, Apple released new iPods six weeks ago, I bet their stock's gonna go up." Morons.
Edit:
What will happen to Apple's stock if there is a disappointing (ie no radically new hardware) WWDC?
Surely tech savvy traders stand to make a killing by paying attention to things like the 970 buildup? Or is trading based on numbers and trends rather than news?
Originally posted by Ensign Pulver
Sold two days ago at $18.
Pick it up on the rebound about 3-5 days after the WWDC keynote.
Originally posted by COS
I remember a couple years back, Apple's stock surpassed Microsoft's. It didn't last too long, but if Needham says that they anticipate the stock to shoot up to $23 per share, Apple would only be two dollars behind Microsoft's current stock rating.
msft value has been fluctuating back and fourth for the past couple days, often times by as much as $2-$3. It may be likely that Apple stock may shoot past Microsoft in the next week or so.
Uhhhh...share prices of different companies relative to each other are completely meaningless. What does have meaning is (share price * number of outstanding shares), or market cap. Microsoft's market cap is about $280 billion, Apple's is about $7 billion. Don't think Apple's going to be worth more than Microsoft as a company anytime soon. (Maybe one day...
Alex
Originally posted by Stoo
I thought (briefly) about buying some Apple stock. How easy is it for someone in the UK to buy US stocks?
Edit:
What will happen to Apple's stock if there is a disappointing (ie no radically new hardware) WWDC?
Surely tech savvy traders stand to make a killing by paying attention to things like the 970 buildup? Or is trading based on numbers and trends rather than news?
Check out datek.com thats who I use. Not sure the international terms.
Originally posted by Stoo
I thought (briefly) about buying some Apple stock. How easy is it for someone in the UK to buy US stocks?
Edit:
What will happen to Apple's stock if there is a disappointing (ie no radically new hardware) WWDC?
Surely tech savvy traders stand to make a killing by paying attention to things like the 970 buildup? Or is trading based on numbers and trends rather than news?
I wouldn't even bother personally except for "sentimental value." Over the past 10 years, Apple stock has consistently underperformed the market. If you want to invest, just go into a simple S&P500 index fund, and chances are you'll make more than you would in AAPL. Also, despite all the buying/selling done on news and info, very, very few people make a "killing" by paying attention to news or rumors. At this point all the info is so widely disseminated that any potential reward coming from Apple's announcements are already priced into the stock.
With that said, I do still have some AAPL stock, sort of for "sentimental" reasons (and good thing I held onto most of it recently). But I definitely wouldn't sink all my savings into it. Great company, but not so great stock performance.