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U.S. stock index futures tumbled more than 1% on Monday, dragged by concerns about the impact of tighter restrictions on the global economy over fears of the Omicron COVID variant. Surging global cases from the Omicron variant has sparked worries in financial markets, as many European nations and Britain weigh the possibility of curbs during…
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Wedbush Securities managing director Dan Ives advised investors on Friday to stick with technology stocks despite the potential valuation crunch that could happen as the Federal Reserve raises interest rates. Brian Stewart for Seeking Alpha: “This is not the time to throw in the white towel on tech,” he told CNBC on Friday. Calling the…
Read More “Analyst: Don’t throw in the towel on tech; this is an opportunity” »
Apple shares gave back some of the prodigious gains made in recent weeks as the Federal Reserve signaled that interest rates will rise spurring widespread selling of tech stocks. Eric J. Savitz for Barron’s: Still, the drop doesn’t necessarily indicate any big problems at Apple (ticker: AAPL). Apple shares had been on fire: from Nov….
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Led by technology behemoth Apple, U.S. tech stocks fell on Thursday as investors assessed the longer-term implications of the Federal Reserve’s hawkish policy on corporate balance sheets. Ryan Vlastelica and Leah Menton for Bloomberg News: Megacap tech names initially saw a positive reaction to the Fed’s statement on Wednesday, with investors buying up shares of…
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Wall Street tumbled as the S&P 500 and the Nasdaq each fell more than 1% on Tuesday after hot inflation data showed producer prices increased more than expected in November and ahead of a potential decision on faster tapering from the U.S. Federal Reserve this week. Reuters: Declines were led by megacap technology stocks, with…
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Bank of America Securities analyst Wamsi Mohan has raised his Apple price target to $210, matching JPMorgan Chase’s Monday Apple price target upgrade as the highest on the Street. Chiara Remondini for Bloomberg News: Apple Inc. analysts just keep getting more bullish, with Bank of America Corp. on Tuesday upgrading the iPhone maker to buy…
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Apple shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from the $3 trillion market valuation milestone that will prove to be just a waypoint along the way to even higher valuations. Eric J. Savitz for Barron’s: The rally includes a startling 18% spurt in just…
Read More “Apple at $3 trillion will be just a waypoint to even higher valuations” »
J.P. Morgan its boosting its Apple price target to a Street high $210, up from $180, as the research firm calls AAPL its top pick into next year. Apple Park, Cupertino, California Chris Ciaccia for Seeking Alpha: JPMorgan analyst Samik Chatterjee notes that shares have recently reversed the underperformance seen in the first half of…
On October 6, 1997, in response to the question of what he’d do if he was in charge of Apple, Dell founder and CEO Michael Dell stood before a crowd of several thousand IT executives and answered flippantly, “What would I do? I’d shut it down and give the money back to the shareholders.” SIDAGTMBTTS™,…
Consumer prices surged at the fastest pace in nearly four decades in November as Americans paid more for practically everything from groceries to cars to gasoline, contradicting claims from some quarters that the current historic inflationary trend is “transitory.” Megan Henney for FOXBusiness: The consumer price index rose 6.8% in November from a year ago,…
Read More “U.S. inflation surges to 39-year high as consumer prices continue to soar” »
