“Shares of Apple hit an all-time high in intraday trade Tuesday, extending recent gains into record territory after nearly two years without a new high,” Lauren Thomas reports for CNBC. “The stock traded about half a percent higher above $136 a share as of 11:01 a.m., ET.”
“Apple set a closing record of $135.72 a share Friday,” Thomas reports. “Earlier last week, the iPhone maker’s stock surpassed a prior record set in April 2015 of $134.54 a share.”
“Shares of Apple are up 18 percent for the year so far,” Thomas reports. “Microsoft, Alphabet, Netflix and Facebook have hit all-time intraday highs this year.”
Read more in the full article here.
MacDailyNews Take: To the moon, Alice! To the moon!
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finally. so happy it’s going up. saw a little article re: flying robotic driverless drone car with 8 rotors. looked so cool. i bet steve would be so freakin excited about something like that. i loved the way he saw things. miss him.
If you’re talking about the Ehang 184, it’s a great idea for a place like Saudi Arabia but don’t expect it happening in the U.S. Too many complications in terms of airspace and liability issues. In the U.S. they don’t even want people flying small drones near the airports. The police in my area are always confiscating the more powerful drones.
I’ll admit it would make a pretty good getaway vehicle. Rob a store and jump in one and be on your way.
Pumping. Get ready for the dump.
It’s nice Apple stock is up but it still brings back memories of late 2015. Amazon and Alphabet shareholders have nothing to worry about but Apple shareholders do. Each time Apple hits a high, the pundits come out of the woodwork claiming how Apple is ready to take a fall. When Amazon and Alphabet hit new highs, it always about the certainty that they’ll continue to go even higher.
When remembering back on 2015, I really can’t feel secure about Apple. I get somewhat uneasy when I see Apple making gains.
I’m also thinking how Tesla has some of the worst fundamentals of any company around and can still easily outperform Apple in terms of share gains. I can’t say Tim Cook is hurting Apple but he’s not even close to Elon Musk in terms of shareholder confidence building. Apple’s profits and reserve cash pile don’t seem to carry as much weight on Wall Street as Elon Musk’s flashy smile.