“Apple Computer (AAPL) has rallied to another new all-time high today, spurred northward by positive musings from Merrill Lynch. The brokerage firm upped its 12-month (pre-split) target on AAPL above the psychologically significant century mark, boosting it 20 percent to $102 from $85. Reacting to the fact that Sony’s President shared the stage with AAPL head Steve Jobs at MacWorld, Merrill hypothesized that the two firms may be exploring business ventures with one another,” Beth Gaston Moon writes for SchaeffersResearch.com.
“APPL’s price chart is likely to inspire tears of joy from even the most stolid of bulls. The stock has increased nearly seven-fold since mid-2003 and has overcome previous all-time highs in the 75 region,” Gaston Moon writes. “As exemplified by Merrill Lynch’s vote of confidence earlier today, analysts have become to warm to AAPL. According to Zacks, there are a combined 12 ‘buy’ and ‘strong buy’ ratings on the stock, compared to five ‘holds.’ What is odd is the one lingering outright ‘sell’ on a stock that continues to produce dazzling technical and fundamental results.”
Full article here.
MacDailyNews Note: AAPL is currently trading up $3.34 at $87.97 per share, and earlier today hit a high of $89.08.
Related MacDailyNews articles:
Apple’s decision to split its stock shows company has high expectations for the future – February 11, 2005
Apple announces two-for-one stock split – February 11, 2005
I wish i had bought some
Joe got there first
damm.. shoulda bought some stock.
D’oh! I had a good one lined up, too. Better luck next time, eh?
I guess my Mom’s eMachine just can’t refresh quickly enough. Strange. I thought that running IE 5 on XP Home was my speed advantage over you Mac tools.
My dog gave me VD.
I keep reading “new all time high” for the stock price. While I love every bit of that sentence, I keep wondering why the previous highs, back in pre-split ’99, of over $120 don’t seem to count. Do 2-1 stock splits erase all memory of former achievements? Confusing.
…that a 2-for-1 stock split means that there are twice as many shares available after than before. Therefore, prices prior to the split should be cut in half OR prices after should be doubled to reach a comparable level. Duh.
So in today’s terms the “over $120” that you cite would be “over $60” and not near the current valuations.
Please get a clue. They are available everywhere.
Don’t confuse the issue, you Mac zealot dolt. Apple stock will soon be worthless once the Mac-fan press wakes up from their Steve Jobs obsessed slumber and realize that Apple still has JUST 1.8% MARKET SHARE!!!
You people are pathetic. Stop the group therapy session and just go buy a Dell already. You’ll thank me later.
wandering_joe / donnie,
It’s never too late to invest in a stock that you believe has positive growth potential. You need to forget about the past performance, and concentrate on what you believe to be the current value and future growth opportunities of AAPL.
My money continues to be directed toward weekly purchases until I see a change in the tide.
EHSK,
Ahhhh… I were thinking price not value, Doh!
NMFY . . . Nobody with a Dell has any reason to be thankful, except perhaps the proverbial farmer IN one, hi-hoeing the dairy-o!
As for the market share issue you raise so tediously, it truly has become the last refuge of a scoundrel (to paraphrase Dr. Johnson a bit). Apple is making gobs of money hand over fist, and their future is so bright, even wearing shades won’t help financial analysts’ eyes. FYI: Porsche’s market share of the worldwide automobile market is MUCH smaller than Apple’s share of the computer world. Very few discriminating buyers would turn down EITHER, given the opportunity.
I’m not sure why people keep thinking that the low market share is such bad thing. It leaves room for mind-blowing growth. A slow, steady rise would be wonderful. As long as they continue to be profitable and earnings increase, who cares?
Pretty hilarious, though not surprising:
Melanie Griffith threw a tantrum when she was unable to buy a pink iPod mini early last year, according to the sales associate who tried to serve her.
The associate, who asked to remain anonymous, said Griffith came right up to him and “pretty much demanded” a pink iPod mini. The mini was in short supply, and the associate told her there were none in stock.
“She then proceeded to get pissed off at me personally because we didn’t have any in stock,” the associate said. “She said we have a special stock of iPods for people like her…. I hadn’t seen any celebrities there up until then, so at first I was like, ‘Oh wow, cool, Melanie Griffith.’ But then she opened her mouth and used me as a doormat, and I was like, ‘What the fuck is this shit? Milk Money sucked.'”
From: iPod Lounge at
http://www.wired.com/news/mac/0,2125,66580,00.html
NoMacForYou:
Your choice of intimate partners is as wise and safe as your choice of technology.
You do get 1/2 point for consistency however.
I keep getting pop-ups when using Safari, block enabled, but only at MDN. Why? Here is the source of the latest crap.
http://www.partner2profit.com/
Ah Hindsight. Wish I would put more in back in the day. At least I got some though and I am on for the ride. I should at least be able to buy a top of the line Mac with the profits – if I can ever bring myself to sell.
I am just a confussed little boy…
Yes BSOD, You are a confussed little boy…
Hey, MDN, what’s up with the pop-up ads? That’s no way to treat your friends, sonny boy. You keep that up and you aren’t gonna get invited to play anymore.
Magic word is “dead” – sounds kinda ominous, doesn’t it?
And the day closes with Apple having a market cap in excess of Sony -$35.545 billion vs. SNE’s $35.426.
Doubtless they will swap positions several times over the next few weeks, but then Apple will release Q2 figures around the 10th April and all Sony will see will be a clean pair of heels as Apple starts making tracks towards a $40 billion market cap.
It’s worth bearing in mind that Apple was only worth $13.388 billion as recently as the 5th September 2004. Since then, it has increased in value by over 165%, whilst SNE has increased by “only” 9.32%.
Even the allegedly beleagured HPQ has increased in value by 18.17%, although this looks pretty shabby when compared to Macromedia’s 103% gain.
However, spare a thought for people who bought into MSFT. Somehow, this bull run has left them behind and they’re nursing a loss of over 3.75%.
Get ready for “Switchers” Part 2
http://www.apple.com/switch/tell/us.html
Since my 100,000 shares of Apple bought in 2001 @ $13.25 has done so well I’m going to sell them all in the morning for those who want to grab some. The tax man is going to get his share but meanwhile the marriage proposals just keep coming.
Charlie:
I would have thought that the $1.3 million you would have needed in the first place would have made you popular enough
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I don’t know you guys but I sold my load of AAPL at ~70, bought them back when a couple days they were back at ~64, sold again yesterday.
It is an exciting moment. Now my problem is when to buy them again.
It is thousands & every operations. I am now just short of the 6 digit value and it started with a mere $16,000 investment.
THANK YOU APPLE.
NoMacForYou: buy Dell, you’ll thank me later, much much much later. But you know it is what you deserve.
UHAHAHAHOHAHAH what a LOSER!
If this Apple “stock” is so good, then why can’t I buy it at CompUSA or Best Buy. I asked the Geek Squad® guy at Best Buy about it and he said they don’t sell Apple toys. Right on!
Holy crap, my Mom’s yelling at me because I’m going to miss the school bus. Gotta go.