Apple shares soar to all-time high for 5th consecutive day ahead of earnings report

Apple Online Store“Apple Inc. shares soared to an all-time high Friday for the fifth consecutive day as investors gear up for big earnings next week from the maker of the iPhone, iPod and iPad,” The Associated Press reports.

“Cupertino, Calif.-based Apple’s stock surpassed $300 for the first time this week. Investors already had a good feeling about Apple’s latest mega-hit product, the iPad, which analysts expect will add $3 billion in revenue to the fiscal quarter that ended in September,” AP reports. “On Thursday, Apple announced that Verizon Wireless and AT&T Inc. will start selling the iPad directly to customers.”

AP reports, “Apple is set to report results for its fiscal fourth quarter Monday.”

Full article here.

[Thanks to MacDailyNews Reader “iWill” for the heads up.]

50 Comments

  1. Apple’s value rose 11 Billion dollars since yesterday, meaning Wall Street loves the fact that Apple is expanding in the marketplace.

    The fact that Verizon and AT&T will be able to make iPad package deals for their enterprise customers means one thing:

    CHA-CHING!

  2. Apple’s value rose 11 Billion dollars since yesterday, meaning Wall Street loves the fact that Apple is expanding in the marketplace.

    The fact that Verizon and AT&T will be able to make iPad package deals for their enterprise customers means one thing:

    CHA-CHING!

  3. ” The fact that Verizon and AT&T will be able to make iPad package deals for their enterprise customers” might also turn the economy around some… Coroprate IT spending has been frozen forna number of years now, iPad has garnered serious respect and recognition in the corporate world as a worthy PC alternative…
    Spendingbon the iPad will be easy since there are no alternatives and the corporate world needs a tech upgrade. Next, the halo effect follows.

  4. ” The fact that Verizon and AT&T will be able to make iPad package deals for their enterprise customers” might also turn the economy around some… Coroprate IT spending has been frozen forna number of years now, iPad has garnered serious respect and recognition in the corporate world as a worthy PC alternative…
    Spendingbon the iPad will be easy since there are no alternatives and the corporate world needs a tech upgrade. Next, the halo effect follows.

  5. Don’t get me wrong. I’m cheering the good news. What worries me is that Wall $treet is setting up the little guy for a body slam after the earnings call. It’s not that the earnings won’t fantastic; they will. But watch for the bastiches on the $treet to use their institutional leverage to plunge the stock’s valuations if the PROJECTIONS fall below the nose bleed-level expectations they ANALysts will put put on the stock.

    At the same time, don’t be surprised if the institutional short sellers and hedge funds dive in to slam the stock’s price. You might see tepid reports from ANALysts and hedge funds prompting a temporary backlash against Apple stock. Why? Because they will take their profits today or on Monday, push the stock’s valuation down below $300, and then buy in when the little guys panic and bail out, allowing the stock’s price to again rise in a couple of months.

    It’s a manipulation game we’ve seen time and time again. And you, the little guy, are the bait. They want you to buy in now, and just as you do, the big guys will sell to take profits. Once they’ve cleaned main street out, Wall $treet will jump in again.

    My advice: if you’re invested in Apple, stay put and let this silly behavior run its course. Stocks eventually track their earnings, so as long as the earnings are strong, the price will move up again, albeit a bit more slowly than it should.

    There was once a day when Apple shares could be had for but $8. Then, analysts did not care a whit about Apple, and for the little guy, a ton of money could be made. Today, Apple is the darling of Wall $treet, and every twitch of Steve Jobs’ nose is closely watched. Apple is still a buy in my book, but to succeed, we’ll need patience. It’s something that good investors have inside.

  6. Don’t get me wrong. I’m cheering the good news. What worries me is that Wall $treet is setting up the little guy for a body slam after the earnings call. It’s not that the earnings won’t fantastic; they will. But watch for the bastiches on the $treet to use their institutional leverage to plunge the stock’s valuations if the PROJECTIONS fall below the nose bleed-level expectations they ANALysts will put put on the stock.

    At the same time, don’t be surprised if the institutional short sellers and hedge funds dive in to slam the stock’s price. You might see tepid reports from ANALysts and hedge funds prompting a temporary backlash against Apple stock. Why? Because they will take their profits today or on Monday, push the stock’s valuation down below $300, and then buy in when the little guys panic and bail out, allowing the stock’s price to again rise in a couple of months.

    It’s a manipulation game we’ve seen time and time again. And you, the little guy, are the bait. They want you to buy in now, and just as you do, the big guys will sell to take profits. Once they’ve cleaned main street out, Wall $treet will jump in again.

    My advice: if you’re invested in Apple, stay put and let this silly behavior run its course. Stocks eventually track their earnings, so as long as the earnings are strong, the price will move up again, albeit a bit more slowly than it should.

    There was once a day when Apple shares could be had for but $8. Then, analysts did not care a whit about Apple, and for the little guy, a ton of money could be made. Today, Apple is the darling of Wall $treet, and every twitch of Steve Jobs’ nose is closely watched. Apple is still a buy in my book, but to succeed, we’ll need patience. It’s something that good investors have inside.

  7. It would seem Apple is two distinctly different companies to some folk; the iPod, iPad, and iPhone company and a computer company who makes mobile devices.

    I can’t make that distiction. To me Apple will always be a computer company who makes hardware solutions for the rest of us.

    I’m certain that tens-of-millions of Windows users who have never owned Macintosh, were first exposed to Apple by way of iPod,
    iPhone, and now iPad.

    I am certain that Apple wouldn’t be enjoying this rise in popularity if they hadn’t opened up their products to the PC-buying public.

    Therein lies the biggest difference between an Apple with, and without, a Steve Jobs.

    He is first and foremost, a businessman who views the world as his market and I believe he has all the necessary components now in place, to change the world.

  8. It would seem Apple is two distinctly different companies to some folk; the iPod, iPad, and iPhone company and a computer company who makes mobile devices.

    I can’t make that distiction. To me Apple will always be a computer company who makes hardware solutions for the rest of us.

    I’m certain that tens-of-millions of Windows users who have never owned Macintosh, were first exposed to Apple by way of iPod,
    iPhone, and now iPad.

    I am certain that Apple wouldn’t be enjoying this rise in popularity if they hadn’t opened up their products to the PC-buying public.

    Therein lies the biggest difference between an Apple with, and without, a Steve Jobs.

    He is first and foremost, a businessman who views the world as his market and I believe he has all the necessary components now in place, to change the world.

  9. Well I think the first things President Jobs would do is cut all the social give away programs, Outrageous Military project spends, and reduce the size of the Federal Government by 75%. Then He’d work on eliminating all the Federal Debt, pass some new Constitutional Amendments that prevent long term Federal Debt,adding to the Federal Debt once there is any and would prevent laws that require states and citizens from paying for Federal Programs that are unfunded or are funded but only benefit select people in the country. As a final seal on over spending congress would no longer be allowed to tack on earmarks, pork projects or special consideration for a bill that they want passed. President Jobs would also ask the people for a special Constitutional Amendment to allow the President of the USA to veto any part of a bill which effects the Budget or would have the potential to cause a budget short fall or would cause a social imbalance. After taking on the financial issues of the country President Jobs would take on the Education crisis to make our kids the best they can be with the best education in the world. These two major efforts alone would create a Job Glut in this country. With the nations financial house back in order and the education system back up to snuff. There would be no need for government handouts or government dole. If you couldn’t find a job it would be because you have not looked because you just don’t want one.

    Obama and every President should be required take 5 years lessons on how to run a fortune 50 company before being allowed to run the country. A law school degree and being a first, second or third term senator just does not cut it anymore. You must be business savvy first.

    If you have not seen the movie “Idiocracy” go rent it, because this is where our country is headed if Presidents like Obama, Bush and Bush continue to be elected and then re-elected.
    “Idiocracy” was written and Directed by Mike Judge, so yes it’s funny. And you can rent it from the iTunes store.

    My 50-ty cent worth
    MDN Word “cent”

  10. Well I think the first things President Jobs would do is cut all the social give away programs, Outrageous Military project spends, and reduce the size of the Federal Government by 75%. Then He’d work on eliminating all the Federal Debt, pass some new Constitutional Amendments that prevent long term Federal Debt,adding to the Federal Debt once there is any and would prevent laws that require states and citizens from paying for Federal Programs that are unfunded or are funded but only benefit select people in the country. As a final seal on over spending congress would no longer be allowed to tack on earmarks, pork projects or special consideration for a bill that they want passed. President Jobs would also ask the people for a special Constitutional Amendment to allow the President of the USA to veto any part of a bill which effects the Budget or would have the potential to cause a budget short fall or would cause a social imbalance. After taking on the financial issues of the country President Jobs would take on the Education crisis to make our kids the best they can be with the best education in the world. These two major efforts alone would create a Job Glut in this country. With the nations financial house back in order and the education system back up to snuff. There would be no need for government handouts or government dole. If you couldn’t find a job it would be because you have not looked because you just don’t want one.

    Obama and every President should be required take 5 years lessons on how to run a fortune 50 company before being allowed to run the country. A law school degree and being a first, second or third term senator just does not cut it anymore. You must be business savvy first.

    If you have not seen the movie “Idiocracy” go rent it, because this is where our country is headed if Presidents like Obama, Bush and Bush continue to be elected and then re-elected.
    “Idiocracy” was written and Directed by Mike Judge, so yes it’s funny. And you can rent it from the iTunes store.

    My 50-ty cent worth
    MDN Word “cent”

  11. @ Steve 4 President

    It’s a lot easier to run a company than it is to run a country. Jobs can simply tell his managers what to do. A president (or governor, or mayor) can’t tell the legislature what to do. For better or worse, we live under a political system that splits power three ways.

    It’s not surprising CEOs tend to make bad policitians. And vice-versa. They’re completely different skill sets.

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