“Apple (AAPL) stock jumped on Monday after getting a bullish report from investment bank Morgan Stanley, which reiterated its overweight rating and upped its price target on the company’s shares to 182 from 177,” Patrick Seitz reports for Investor’s Business Daily. “Apple closed up 0.35% at 149.56 on the stock market today.”
“Apple rose above its 50-day moving average, a key technical support level, for the first time in more than a month on Monday,” Seitz reports. “The stock has been forming a flat base over the past nine weeks with a buy point of 156.75.”
“Morgan Stanley analyst Katy Huberty expects Apple to report an in-line June quarter and provide a weaker-than-consensus September-quarter outlook on Aug. 1. She believes the September quarter will be impacted by ‘a slightly later iPhone launch than typical.’ She is modeling an October shipment launch instead of September,” Seitz reports. “The delayed launch sets up better-than-normal December and March quarters as new iPhone purchases are postponed, Huberty said.”
Read more in the full article here.
MacDailyNews Take: AAPL poked its head above the $150 mark today, so we’ll see what the rest of the week holds. Apple’s August 1st earnings report will be here before we know it — and then we’ll descend into the dog days of Apple silly season until September.
182……From his mouth to Gods ears ..
That would actually be from her mouth.
My bad 🙂
Good for you, yojimbo007
By the way, I’ve been curious for a long time, are a Yojimbo user?
Let’s try this again:
Good for you, yojimbo007
By the way, I’ve been curious for a long time, are you a Yojimbo user?
Vtvita… hope you are well.
Presently I dont use the Yojimbo Application.. but its a very cool App…. i have to dig in further..
My internet User name is inspired from a character in a Japanies movie by Kurosawa .. 🙂
Here you will find some more info about it:
https://g.co/kgs/9Ks281
Cheers 🍷 🙂
Here is a cool scene from the movie…
http://www.tcm.com/mediaroom/video/304171/Yojimbo-Movie-Clip-No-Cure-For-Fools.html