“Shares of Apple are rising, higher by 0.88% to $111.35 on the first day of trading in 2015 this morning, after the company had its ‘buy’ rating reiterated with an increased price target of $125 from $120 by analysts at Argus,” Kurumi Fukushima reports for The Street.
“Analysts at the firm upped estimates based on iPhone 6 sales of 67.3 million units in the first quarter, or a 32% gain from a year ago,” Fukushima reports. “Argus also cited an increase in iPhone revenue of 24% in the first quarter from last year to $40.4 billion.”
Fukushima reports, “The firm added that it continues to see further double-digit earnings per share growth in 2015 and 2016.”
Read more in the full article here.
Argus huh? I’d say the rise is because the funds are buying back in after selling before Christmas to book their profits and to pay taxes and bonuses.
I knew after reading this that by the time I looked at the price it would be down. 9:53 -$1.03. Yeah, tell me again that it’s raising on Argus.
And back up…now at $110.99 (+0.61).
Looks like Apple is falling, what am I missing?
Apple stock is risi . . Never mind!
Minus 1.10 is not rising guys.
And the stock is down again today ………………
Down to 108.09
Yet GOOG and MSFT are up.
Google has driverless cars and Microsoft has Surface Pros. What does Apple have? Profits… Pffft. Since when does that matter to Wall Street?
/s
What? Currently the stock is down almost 2%. Someone needs to better curate articles that get posted here.
“AAPL was reiterated Buy and the price target was raised to $125 from $120 at Argus”.
Contrary to the upgrades, AAPL tanks this morning down to $108.12. It is strange every thing works to the opposite for Apple. We must live in a crazy world.
Well actually, AAPL is dropping today.
Pro Tip for MDN – just wait until after 10am eastern time before saying how a stock is doing. The first of hour of trading is by far the most volatile time. By simply waiting until 10am, you will skip most of the stock’s reversals and actually have decent picture of how the stock is doing that day.
If MSN did that they would lose revenue. Like Google, their income comes from advertising I suspect.