“U.S. stocks rose, with benchmark indexes extending all-time highs, as Apple Inc. rallied and the International Monetary Fund indicated it would raise its outlook for the economy,” Nick Taborek and Lu Wang report for Bloomberg.
“Apple jumped 3.8 percent after the company struck a deal to sell its iPhones through China Mobile Ltd., the world’s largest phone company,” Taborek and Wang report. “The Standard & Poor’s 500 Index added 0.5 percent to 1,827.99 at 4 p.m. in New York. The Dow Jones Industrial Average advanced 73.47 points, or 0.5 percent, to 16,294.61. The Nasdaq Composite Index jumped 1.1 percent to 4,148.90. About 5.5 billion shares changed hands on U.S. exchanges, 9.8 percent below the three-month average.”
“Apple rose 3.8 percent to $570.09, the highest close since Dec. 4, 2012. The company, ending six years of negotiations, struck a deal that will give both the U.S. phone maker and China Mobile a means to fight declining share in the market of 1.2 billion wireless subscribers,” Taborek and Wang report. “China Mobile will sell the iPhone 5s and 5c models in its stores from Jan. 17, the companies said in a statement that provided no financial terms. Apple’s stores in the country will also offer the phones for China Mobile’s network.”
Read more in the full article here.
Raymond, you got the minus and the plus mixed up, cuase it sure as hell was was $20. Looks like crow instead of turkey this xmas in the land of samscum.
Nobody buys Apples anymore. They sell too many of them.
Your statement clearly contradicts itself.
Ised,
A famous baseball player named Yogi Berra used to make all kinds of mind-boggling statements like that, which are now deeply embedded in American culture.
When referring to a fashionable restaurant, Yogi said “Nobody goes there anymore. It’s too crowded.”
Another ignorant Samsung payed for kimchee eating disinformation
agent!
Apple Rules dirtbag!
“Nobody goes there anymore. It’s too crowded.” – Yogi Berra
Today was a rare but very good day for shareholders. I guess there aren’t many types of contracts of this size Apple could make to shift the tides of fortune for shareholders but today was one of those days. I pray that Apple will hold this share gain for awhile and possibly gain some momentum on top of this. I still noticed there were people out there trying to put this contract in a negative light which I find somewhat astonishing but par for the Apple course of pessimism.
Meanwhile, Google continues to keep piling on the big numbers and I can’t find out what they’re doing to constantly impress investors to this degree. Ad impressions? Cloud services? What? Just day after day of investors pouring money into Google. From a fundamental point of view, Google should not have such a big leg up on Apple as there are indicators that say Apple should be an equal if not better investment than Google. I guess I’m just not smart enough to understand how the market works.
Amazon-style bubble developing that does not appear to be supported by any fundamentals. I share your curiosity with this phenomenon. Investments supported by herd mentality rather than sound financials strike me as very dangerous.
At some point the herd will run to the exits. We little people will be left holding the bag because we won’t get the memo, and there may not be any tangible sell indicator.
The sad thing is that APPL would be drug down by them, even though it should rise based on its merits.
This is true, but over the long term things tend to work out. Right now I think AAPL is being held back by limited earnings growth. The China Mobile deal is a tangible market-moving event that can move the dial.
If the iPhone can achieve major market penetration in China, earnings growth should be reflected in the stock price. I consider the current pricing to be background values around which there is potential to swing trade.
One could argue with merit that AAPL should be awarded a much higher PE ratio. But recent history indicates that isn’t going to happen. So, it looks like we are stuck near current valuation levels and have to play the PE swings that can be had.
I think the biggest difficulty is that media buzz, pro and con, has too much sway over market direction. And Apple is a company that brings out the emotional side in nearly everybody, which just adds to this difficulty.
I’m with you on this. I think there is no rhyme or reason to the stock market. However, today, I think Apple is being recognized for the greatness and promise of their products.
That’s what I’ve always said every time I look at the Google stock ticker. It’s crazy and doesn’t make sense.
Explanation: Everyone wants to be on the side of the guys with the military robots.
I don’t know what your problem is with Apple. I last bought a huge amount of Apple at $402 on July 1st. At +$168 per share I have had nothing to complain about. Apple’s sales and market share have been growing. Please try to keep up.
How huge is it ? 1000 shares?
Thick skin, no balls, Samung troll – Do not engage,
Thick skin, no balls, Samung troll – Do not engage.
Thick skin, no balls, Samung troll – Do not engage.