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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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Longtime Apple analyst, Loup Funds’ Gene Munster, says that a Apple approaches the $3 trillion market value milestone, the company’s best days are yet to come. Gene Munster for Loup Funds: Over the past month, shares of AAPL are up 21% to $179.50. If the stock reaches $186, it will be the first company to…
Read More “Gene Munster: Approaching $3 trillion market value, Apple’s best days are yet to come” »
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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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…
Morgan Stanley has named Apple its top stock pick for 2022, citing the Cupertino Colossus’ recurring revenue and expected secular growth. Baystreet: While the U.S. investment bank is cautious overall on technology hardware stocks, it sees upside potential in Apple… “Hardware stocks should underperform in ’22 as multiples derate, margins compress, and earnings-per-share revisions peak,…
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KeyBanc Capital Markets analyst Brandon Nispel this week placed an “Overweight” rating on Apple, calling it “an attractive buy.” Nispel placed a $191 price target on AAPL, which is some 16% higher than the stock’s current price. Apple Park in Cupertino, California Dani Romero for Yahoo Finance: “The key competitive advantage for the company is…
Read More “Analyst: Apple’s key competitive advantage is ‘its large and still growing user base’” »
In this segment of “Backstage Pass,” Motley Fool contributor Rachel Warren explains why she thinks that Apple will still be the world’s most valuable company in the next decade and beyond. Apple Park in Cupertino, California Rachel Warren for The Motley Fool: I found some interesting statistics about Apple that just put into context, what…
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Amid renewed fears about yet another COVID variant, this time, omicron, Apple stock once again became a flight to safety trade amid heavy technology sector stock selling. Apple’s generates roughly $100 billion in cash per year and, for some investors, moving to Apple during COVID variant fears or other market volatility is akin to raising…
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