“The Dow Jones Industrial Average and S&P 500 reached new highs to begin the week as tech stocks resumed their recovery,” Keris Alison Lahiff reports for The Street.
“Apple Inc. led the Dow, while Amazon.com Inc. reached new all-time intraday records,” Lahiff reports. “Boeing Co. contributed to the Dow’s gains after announcing plans for a new, longer version of its 737 Max jet. The new jet is expected to be ready by 2020.”
“Grocery and supermarket stocks were mostly higher in a rebound from Friday’s selloff,” Lahiff reports. “Kroger Co., Sprouts Farmers Market Inc., and Walmart Stores Inc. had been lower last week after Amazon announced it will acquire Whole Foods Market Inc.”
Read more in the full article here.
MacDailyNews Take: AAPL is currently trading up around 2.6% in the $146 area, or about $10 off its all-time high of $156.65, set on May 15, 2017.
Should be at 159 per share.
$160 by August 17, 2017.
At $146.40, AAPL is 6.54% below the all-time high identified in the MDN Take®
what a racket. There was no good reason for the stock to have dropped, other than a so called “correction” and the losses are diminished b/c of some expert (re) asserting AAPL’s target. Sheez. Besides TC’s inability to speak like a seminal leader (About AR “I just want to yell out and scream,” Re future, “exciting things are in the pipeline…), the Apple product forecasts are rich with goodness. I’m no expert, but imo, being near $200 isn’t a stretch.