“It’s been a wild week for the world’s biggest stock,” Alex Rosenberg reports for CNBC. “Apple shares surged 3.5 percent Wednesday — after rising 2.4 percent Tuesday — and climbing 2.2 percent on Monday. Over the past three sessions, the company has added some $50 billion in market capitalization.”
“This as investors become more optimistic about the iPhone 7, which goes on sale Friday, based on bullish talk around preorders as well as reviews that were better than expected,” Rosenberg reports. “‘This is real volatility in Apple again, which we should all be excited about, especially because it’s to the upside,’ Stacey Gilbert, Susquehanna’s head of derivative strategy, observed Wednesday on CNBC’s ‘Trading Nation.'”
Rosenberg reports, “In fact, the last time Apple shares moved more than 2 percent in five straight sessions, the top movie in America was the fourth installment of ‘Fast & Furious’ and the market had just finished a devastating crash; it was early April 2009.”
Read more in the full article here.
MacDailyNews Take: All of a sudden, thing are looking up. YKBAID.
AAPL is like a buoy. Quick, it’s back on the surface! You there, analyst, and you, too, swim down and tug on the chain! Drag it under… lower, lower… Good! Now, quick, everybody jump on, and we’ll take a ride back up to the top again! — MacDailyNews Take, January 9, 2012
At the most basic level, it’s extremely simple: Pump, then dump. Foment, then buy. Rinse, lather, repeat as the SEC sleeps.
It feels like Christmas!!
An awesome refresh of Macs prior to the holiday season is the Christmas present I am looking for.
If that resumes Mac sales growth, and creates more positive press pushing up the stock further, even better.
In the meantime, this may be the first time I am already dying for the next iPhone even as I get the current one. Usually it takes me about 6 months to feel the need, but the 2017 iPhone rumors are intriguing.
Then I just found out the A10 is single and multi-core faster than any MacBook Air ever shipped. How long before their are low end MacBooks with clock increased A-series chips? That would be a speed and battery bump and let Apple drop MacBook prices while maintaining both quality and margins.
I know that is a controversial change for many here, but I just don’t see Apple stopping its absorption of its entire vertical control.
And low end Windows-to-Mac switchers who mostly use laptops for basic surfing and office software are less likely to care about Intel compatibility if Apple puts in the work to make the transition smooth.
(I am a software engineer who has designed the logic for a CPU in the past, and I don’t find any of the supposed barriers to A-series Macs credible for the lower end of that product line.)
Thank you, Samsung!
Keep going.
It doesn’t hurt that the competitor’s flagship phone is literally exploding in peoples hands in the midst of a recall!
All Samsung devices could soon be banned by all forms of public transportation.🙂
Tim Cook gets the idea of the long haul. Patience is a virtue. Now the slow climb back up to where the stock should be, not even the doom and gloom of the thick heads at Wall Street can stop it.
Unstoppable force meats immovable object. Immovable object chops up into steaks. Vegetarians rejoice.
What was that pinhead doofuses about Tim Cook being a lazy incompetent CEO again? Please explain to us one more time how spectacular success is a failure in your infinite reasoning stupidity?
While you’re at it please make excuses for SamSplode and explain why they are great (thermal) innovators.
And you’re still waiting for a new Mac, aren’t you Peter?
All prior comments about Cook from the dozens of commenters here still apply. A monkey as CEO could do just as well watching as the Apple engineers continue to evolve incremental updates to existing products.
Wow Mike,
This comment looks like a profound and free misunderstanding from your part. You should read about TC and Apple a bit more. You would find that the supply chain in place is all TC master at work.
Your frustrations blinds you from the real picture.
“Education is a great equalizer” Tim Cook
Bravely spoken since Tim Cook has already said “stay tuned” for new Macs soon and Apple doesn’t have one size fits all events announcing everything at once. I anticipate some delightful new Macs coming soon and satisfying as the new phone is, although yes, I am NOT expecting a new Mac Pro, nor when it does to be the MP I want to buy. But we will see…
Apple keeps growing while Samsung keeps ‘sploding.
Yeah, in all fairness, I agree with a couple of the comments above. This probably has a lot to do with a safe haven for Samsung investors. [Remember how much Mac users LOVED MS’s Vista, and how it brought many over to Apple’s ecosystem?]
At some point here, Samsung will be a buy as well, as regardless of the Galaxy rivalry, they make pretty much everything, including MUCH inside Apple’s products. So this is a lovely boost to AAPL, but I’m not sure we should all be saying it’s all because of the amazing iPhone 7.
Right now, though not entirely, it’s more to do with Apple being a safer bet while the market figures out how much to punish Samsung. Since batteries and such are outsourced, we shouldn’t gloat too much lest the fires of karma come back around. 😉
Minor correction. The outsourced batteries appear to be fine, it’s the ones made by Samsung that are exploding.
Looks like the fires of Karma are doing their job very effectively. A little gloating seems in order under the circumstances.
I understood it to be that both sets of batteries were built by Samsung. The component of the battery pack that manages charge/discharge was outsourced to 2 different companies.
I so hope that Doug Kaas got caught with his pants down for shorting AAPL, though it’s possible he didn’t reslly have the balls to “naked short Apple” big…
Doug K(issour)ass aug 23rd 2016:
https://www.thestreet.com/story/13683159/1/doug-kass-trade-of-the-week-short-apple-calls.html
“I’m selling naked $105 and $100 October Apple calls Tuesday, as my long-term negative view of the tech giant has been consistent and well-known to long-time subscribers. In fact, I’ve been suggesting ever since 2012 that Apple will likely have smaller future sales-and-profit growth relative to consensus expectations.”
wow…how much money did that doofus lose for his “clients”!??
Probably a lot on paper at the moment.. Not a realized loss till the shorts are due should AAPL continue to be high.
People who shorted Apple shares on worries about the “boring” iPhone 7 are going to be in for a world of hurt very soon.
I haven’t received the hardware yet but I believe this movement is based on quality. iOS 10 came out with no complaints of bricking iPads or existing phones. There are no major bugs that I’ve found. Some people don’t like pressing the home button, others prefer to swipe and scan fingers but by and large iOS 10 is a WOWing success. THIS is how a company is rewarded when it presents quality. When it presents an Apple TV that’s not ready for prime time (no pun intended) and has slowing tech in its dated watches with only bands to sell around the things, that company gets the skepticism that Apple has lived with for the past year and a half. Don’t present drastic user interfaces and products that force the people paying you money to test your crap and you get rewarded. This is the Apple came to love and am happy to see back. And by the way, HUGE kudos to the company for listening to its Apple TV users and bringing dark mode so that we have a user interface that isn’t a drastic departure from what we are accustomed to. This should be a learning moment for Apple investors but more importantly for Cook and team.