Markets

Why mega-cap tech stocks could rally another 15% by year-end under a Biden-helmed split government, according to Wedbush

Technology stocks in the FAANG, cloud software, and cyber security themes could rally 10%-15% by year-end with a Biden presidency and Republican Senate, according to Wedbush. This regime is the “Goldilocks election outcome” for tech stocks as a Biden presidency will ease US-China technology-policy issues while the Republican Senate decreases […]
Why mega-cap tech stocks could rally another 15% by year-end under a Biden-helmed split government, according to Wedbush
Markets

Confidence ‘has never been higher’ : Here’s what 4 Wall Street banks had to say about Apple’s fiscal 4th-quarter earnings

While investors balked at Apple’s worse-than-expected quarterly iPhone sales, analysts are looking past the September quarter and largely optimistic toward the company’s future. The tech giant reported revenue and earnings on Thursday afternoon that beat estimates, but its stock tumbled as phone sales disappointed shareholders. Analysts at major banks praised […]
Confidence ‘has never been higher’ : Here’s what 4 Wall Street banks had to say about Apple’s fiscal 4th-quarter earnings
Markets

Apple sheds 8% in worst day of trading since late March

Summary List Placement Apple shed as much as 8% on Thursday in its worst day of trading since late March. The technology company has shed nearly 9% since Tuesday. On Monday, Apple’s 4-for-1 stock split went into effect. Watch Apple trade live on Markets Insider. Read more on Business Insider. […]
Apple sheds 8% in worst day of trading since late March
Markets

Tesla shares jump 12% on first day of post-split trading

Tesla stock jumped as much as 12% in its first day of post-split trading on Monday. The electric vehicle maker announced August 11 that it would enact a 5-for-1 stock split, and started trading at the new price Monday. Still, the automaker’s rally hasn’t slowed down. Shares are up more […]
Tesla shares jump 12% on first day of post-split trading
Markets

Apple dethrones oil giant Saudi Aramco as the world’s most valuable company

Apple shares surged as much as 7% Friday following a blockbuster earnings report Thursday. The tech company’s market capitalisation briefly overtook Saudi Aramco’s Friday, dethroning the oil giant as the most valuable company in the world. Watch Apple and Saudi Aramco trade live on Markets Insider. Read more on Business […]
Apple dethrones oil giant Saudi Aramco as the world’s most valuable company
Markets

Here’s why 3 Wall Street analysts just boosted their Apple price targets

A group of Wall Street analysts this week updated their price targets for Apple, citing increased iPhone demand, iPhone services, and store reopenings. Shares of Apple dipped slightly Wednesday. Here’s why three Wall Street analysts boosted their price targets for Apple. Watch Apple trade live on Markets Insider. Read more […]
Here’s why 3 Wall Street analysts just boosted their Apple price targets
Markets

‘Tough pill to swallow for the bulls’: Here’s what 4 Wall Street analysts are saying about Apple’s coronavirus-stricken sales forecast

Apple shares sank in Tuesday trading after the company warned quarterly revenue would fall below initial estimates, but analysts aren’t fazed. Most research firms remain bullish toward the tech giant, praising its diversification of revenue streams, surging Services business, and upcoming 5G iPhone lineup. Revenue lost during the second quarter […]
‘Tough pill to swallow for the bulls’: Here’s what 4 Wall Street analysts are saying about Apple’s coronavirus-stricken sales forecast
Markets

Here are Warren Buffett’s top 15 favourite stocks

Warren Buffett is a billionaire mogul and the leader of Berkshire Hathaway. On Friday, Berkshire Hathaway released SEC filings showing which company stocks it bought, sold, and held in the fourth quarter of 2019. As a famous value investor, Buffett looks to invest in companies that are undervalued by the […]
Here are Warren Buffett’s top 15 favourite stocks
Markets

Apple hits new all-time high after iPhone demand shatters sales records

Apple stock leaped as much as 2.8% in early Wednesday trading, hitting a record high after the company topped estimates for its fiscal first quarter. The tech giant bested expectations for quarterly revenue and earnings, fuelled by robust iPhone sales and a rapidly expanding wearables business. The company’s fiscal second-quarter […]
Apple hits new all-time high after iPhone demand shatters sales records
Markets

Tesla just became the most-shorted stock in the US, again

Tesla’s stock has become the most-shorted in the US again, data from financial-analytics firm S3 Partners show. Short interest in Tesla swelled to $US14.5 billion as of Wednesday, taking the top spot from Apple, which had short interest of $US14.3 billion, according to S3 data. Tesla has been the top […]
Tesla just became the most-shorted stock in the US, again
Markets

5G growth, record Tesla deliveries, and streaming war fallout: These are one stock analyst’s top 10 predictions for tech in 2020

Top tech stocks including Facebook,Apple,Amazon,Netflix, and Google, commonly known as FAANG stocks, are poised to flex their muscles in 2020, according to Daniel Ives of Wedbush. A number of “transformational trends” such as 5G, cloud computing, autonomous cars, and streaming will be front and centre for Wall Street analysts, he […]
5G growth, record Tesla deliveries, and streaming war fallout: These are one stock analyst’s top 10 predictions for tech in 2020
Markets

Here are Warren Buffett’s top 13 favourite stocks

Warren Buffett, the leader of Berkshire Hathaway, is a long-time value investor who looks to invest in companies that are undervalued by the market. This year, however, Berkshire’s used some of its record $US128 billion cash pile to expand equity holdings instead of buy companies. That’s because “prices are sky-high […]
Here are Warren Buffett’s top 13 favourite stocks
Markets

Apple is now worth more than the entire US energy sector: BAML

Apple’s post-earnings surge pushed its market cap past that of the entire US energy sector, Bank of America Merrill Lynch analysts wrote Thursday. The tech giant closed Thursday with a $US1.17 trillion market cap, while the S&P 500 Energy index’s market cap dropped to a cumulative $US1.13 trillion. The analysts […]
Apple is now worth more than the entire US energy sector: BAML
Markets

Apple has a new fan on Wall Street — and this analyst says the company’s cash position and product innovation could drive a 14% gain in the stock over the next year

Apple got a new supporter on Wall Street on Wednesday, as RBC Capital Markets analyst Robert Muller initiated coverage of the iPhone maker. Muller gave Apple an “outperform” rating and $US295 price target, representing about a 14% premium from where shares traded on Wednesday. The analyst views the company’s ability […]
Apple has a new fan on Wall Street — and this analyst says the company’s cash position and product innovation could drive a 14% gain in the stock over the next year
Markets

Apple’s stock posted record highs after blockbuster earnings — but these 3 worries stood out on the analyst call

Apple’s fiscal fourth-quarter report offered little bad news, with sales and profits surpassing analyst expectations. CEO Tim Cook’s call with analysts offered additional detail around the company’s strong trends, but also included a few warnings for what may threaten Apple’s hot streak. Analysts’ concerns around foreign exchange losses, TV Plus […]
Apple’s stock posted record highs after blockbuster earnings — but these 3 worries stood out on the analyst call
Markets

Apple hits record high, extends market value above $1 trillion

Shares of Apple climbed more than 2% on Friday to an all-time high of $US235.20, extending the company’s market value above the $US1 trillion threshold. The rally came as President Trump signalled positive developments in US-China trade negotiations, which could help Apple’s iPhone sales in Asia if a deal is […]
Apple hits record high, extends market value above $1 trillion
Markets

Apple is at an ‘attractive entry point,’ Morgan Stanley says

Apple on January 2 lowered its quarterly revenue guidance, blaming slumping sales on a slowdown in China. Shares tanked 10% immediately after the brutal announcement, but have nearly reclaimed their pre-announcement level. With analysts holding a low bar for Apple earnings, out next week, the stock is at an “attractive […]
Apple is at an ‘attractive entry point,’ Morgan Stanley says
Markets

Analyst slashes his Apple target after survey finds weak iPhone XR demand

Apple is seeing disappointing initial sales of its iPhone XR, according to a Canaccord Genuity survey. The financial-service firm slashed its price target by 10% to $US225 – 25% above Apple’s current share price. Apple has been under pressure recently, down more than 20% since its October peak. Watch Apple […]
Analyst slashes his Apple target after survey finds weak iPhone XR demand
Markets

Apple could ‘ultimately mitigate’ Trump’s tariffs, UBS says

President Donald Trump told The Wall Street Journal on Monday that he is prepared to hit another $US267 billion worth of Chinese goods with tariffs – and he is not afraid to put tariffs on consumer goods like the Apple iPhone. Trump’s renewed tariff threat could simply be a “negotiating […]
Apple could ‘ultimately mitigate’ Trump’s tariffs, UBS says
Markets

$1,000,000,000,000

Shares of Apple climbed Thursday to hit the magic number of $US207.05, making it the first US company to reach a market value of $US1 trillion. The latest surge came after Apple’s second-quarter results topped Wall Street’s expectations and sent the stock climbing. Follow Apple’s stock price in real time […]
$1,000,000,000,000
Markets

Apple is climbing after topping Wall Street’s earnings expectations

Apple reported third-quarter earnings that beat Wall Street’s expectations on Tuesday. The company said it earned $US2.43 per share on revenues of $US53.3 billion Shares climbed as much as 2.6% in after-hours trading Follow Apple’s stock price in real-time here. Shares of Apple climbed as much as 2.6% in after-hours […]
Apple is climbing after topping Wall Street’s earnings expectations
Markets

Apple is grinding higher ahead of earnings

Apple is set to report its third-quarter earnings after the closing bell Tuesday. Analyst expect the company to post earnings of $US2.16 a share on revenue of $US53.31 billion. Shares opened up roughly 0.4% Tuesday ahead of the earnings report. Follow Apple’s stock price in real-time here. Shares of Apple […]
Apple is grinding higher ahead of earnings
Markets

Apple slides after telling suppliers to slash production by 20%

Apple reportedly told suppliers it would need 20% fewer iPhone components for the second half of the year. The stock sank more than 2% following the report from Nikkei Asian Review. Follow Apple’s stock price in real-time here. Shares of Apple slid more than 2% in early trading Friday after […]
Apple slides after telling suppliers to slash production by 20%
Markets

Apple just hit an all-time high

Apple just hit an all-time high. The company has seen a recent boost from strong earnings and the belief its services business has strong growth ahead. Watch Apple trade in real time here. Apple hit a record high of $US192.91 early Monday. Shares had been stuck in a range between […]
Apple just hit an all-time high
Markets

Apple rises after Warren Buffett ups his stake by 75 million shares

Warren Buffett’s Berkshire Hathaway bought another 75 million shares of Apple, the billionaire said Thursday. Apple rose more than 1% after the stake was disclosed. The news comes just ahead of the firm’s annual shareholder meeting in Omaha, Nebraska. Follow Apple’s stock price in real-time here. Shares of Apple rose […]
Apple rises after Warren Buffett ups his stake by 75 million shares