“U.S. equities are trying to piece together a rally Friday and Apple’s nearly 4% gain is helping greatly,” Bret Kenwell reports for TheStreet.
“That Apple rally is fueled by Piper Jaffray analyst Gene Munster, who maintained his overweight rating and assigned a $179 price target on the stock. Apple currently trades at close to $100 a share,” Kenwell reports. “Munster also made the case that shares could climb 50% from current levels by the time Apple launches the iPhone 7.”
“Munster is suggesting investors buy the stock ahead of earnings, which is contrary to many investors’ outlook,” Kenwell reports. “Apple reports earnings after the close on Tuesday.”
Read more in the full article here.
MacDailyNews Take: Guidance will be the key.
SEE ALSO:
Why Apple is giving investors a heart attack – January 22, 2016
Apple to release Q116 earnings, webcast live conference call on January 26th – January 22, 2016
These “analysts” are clowns. What’s going to be so different or better about iPhone 7 that it will cause all these upgrades that the 6S didn’t? A new case design? Seriously?
“A source close to the development tells me that the new iPhone 7 will eliminate the 3.5mm headphone port. In its place will be a Bluetooth implantable ear piece, activated by touching behind your ear. You’ll never lift your phone to your ear again.”
Of course, the procedure for the implant will cost $3,999, but the battery will charge wirelessly on your pillow at night, so it need never be replaced.
🙂
Thank goodness
I skipped the 6S & 6S Plus being still quite happy with my 6 Plus but will be upgrading to 7. Many others are probably doing the same thing. Of course with the new Apple yearly upgrade offer kicking into high gear end of this year maybe it will up the numbers because of that. We will see.
F all has changed in reality, but now they’ve all made money driving it down, they can push it up, make more money, then drag it down again.
Some people will be unhappy regardless.
…..and the moon could fall to earth.
Highly Doubtful, so long as Timmy the clown is in charge.
I see $60-$70 days ahead folks, SELL NOW!
This year Verizon and T-Mobile will field test 5G. Verizon wants to begin rolling-out 5G near the beginning of 2017. 500 Mbps to 1 Gbps wireless speeds will move a lot of new devices.