Is it the right time to buy $AAPL stock after it crossed $3 trillion?
With a company valuation of around $3 trillion, Apple is not only the largest stock in the world by market capitalization. The stock is leaps and bounds (in terms of valuation) above other "trillion-dollar" stocks.
The only one at least approaching them is Microsoft (NASDAQ:MSFT) with a current valuation of... Read more
AAPL stock makes up the largest position in my portfolio, but I would not buy at the current price. If the share price gets to $160 or lower, I would be comfortable buying.
Yahoo plans to return to the stock market, CEO Lanzone said in an interview with the Financial Times.
Internet media company Yahoo, and one of the top five most visited sites, wants to expand aggressively through mergers and acquisitions, Jim Lanzone further said.
The Apollo Global Management Inc. owned company has had to navigate a difficult online advertising market while... Read more
Yahoo, I don't know, I'll check for sure, but does anyone realistically use Yahoo for anything other than YahooFInance?I take their browser and anything besides finance as a virus, because it always gets into the browser indirectly and unsolicited, and I always delete myself and all my peers as soon as I can... :D
Apple shares are heading for a market capitalization of 3 trillion. Citi sets target price at USD 240
US technology company Apple $AAPL could exceed market capitalization of 3 billion today. USD. Citibank yesterday set a target price for the company at USD 240.
Apple's stock is gaining 0.6% in the pre-bull market, which would mean it will reach a record price of USD 190.80 per... Read more
It's a blast and I believe the $240 is not a question of "If?" but "When?"... I myself have over 100% profit on Apple right now and I'm thinking of making my first sale ever... I just want to jump back in and I don't see any reason in the foreseeable future to make the stock significantly cheaper to make this trade worthwhile... so I'm in a bit of a pinch right now :) Do you guys happen to know where the ceiling is? :-D
INVESTMENT COMPANY BERNSTEIN DOWNGRADES ALPHABET AND ALIBABA
Bernstein says it's time to move to the sidelines as competition grows.
The firm on Monday downgraded the tech giant to Market Perform from Outperform with a target price of $125 per share - representing or roughly 6% growth over the next year.
Darden Restaurants $DRI on Thursday reported a quarterly profit that beat Wall Street expectations, thanks to strong sales at its LongHorn Steakhouse restaurant.
The company also announced that former CEO Gene Lee plans to step down as chairman of the board. Lee retired more than a year ago from his position as CEO. He will not be running again at the company's annual... Read more
Wow, I've never heard of them either, it looks like a nice company in hindsight, starting in 2020 so it has nice growth. Too bad, catch it, it would have been awesome, now the price is pretty high, or are you expecting another ATH? 😊
As expected, Apple on Monday unveiled its first entry into the augmented reality market, Apple Vision Pro. However, the specific information given in the keynote at this year's Worldwide Developers Conference seems to have left investors somewhat cold.
While Apple's $AAPL APL stock hit a record high at the start of Monday's session, the stock... Read more
I like the new macbook air and the new watch OS. That's about it, but then the glasses came out and that's something. There's nothing like it yet and if it really works the way they showed, it's a game changer. On the other hand, I keep thinking about why I should buy it. It's expensive, I do my work on my laptop and if I want to watch a movie, I have a TV. I guess we'll have to wait for the real use of it.
Applied Materials $AMAT to invest up to $4 billion in semiconductor tooling research center
Leading chip manufacturing equipment manufacturer Applied Materials has announced an investment in a new facility in California that will be dedicated to research on semiconductor manufacturing tools.
Applied Materials will invite chipmakers and universities to collaborate on the new... Read more
In the week of 22 May, investors' attention will be drawn to several important macroeconomic data, including the release of the minutes of the US Fed meeting from early May, GDP growth in the US and Germany, and the US consumption deflator.
Monday
In the afternoon, we will see data on consumer confidence in the Eurozone. Analysts expect a reading... Read more
Futures on major indices in Europe suggest a slightly higher open
Higher than expected Q1 GDP data in Japan
US housing data in focus
Wednesday's session on equity markets in Europe is expected to extend the mixed sentiment from the previous session. The dollar is slightly stronger against the major currencies, supported by positive data from the... Read more
Nicely written. :) While I'm on the subject of housing, it seems to me that the reits are dropping quite a bit. What do you think it is, I know mortgage prices have an effect, but are there other factors?
Today, the European Commission published a new set of economic forecasts for the euro area. The EC has slightly raised its GDP forecasts for 2023 and 2024, while raising inflation expectations in both years. It explained that the upward revision of inflation forecasts is due to persistent upward pressures on core prices.
Shares of travel company Airbnb $ABNB are losing nearly 10% today, despite the company reporting better-than-expected Q1 results. It also presented a relatively cautious outlook for the second quarter of the year. The second quarter has historically been the most successful quarter for its business, along with the third quarter, thanks to a summer season favorable for travel... Read more
The US CPI release is scheduled for 14:30 today. Investors sell risk assets amid market uncertainty
Major markets in Europe and futures contracts in the US are nervous ahead of the April US CPI data released today. Investors are opting to unload high-risk positions. The data is likely to confirm the Fed's monetary policy. Currently, traders are pricing in a 25%... Read more
AAPL stock makes up the largest position in my portfolio, but I would not buy at the current price. If the share price gets to $160 or lower, I would be comfortable buying.