“Want to buy Apple (AAPL) stock?” Matt Krantz reports for USA Today. “You’re better bring a ‘Benjamin.'”
“Shares of the gadget maker Thursday pulled back above the $100-a-share barrier joining 11 other stocks in the Standard & Poor’s 500 to do the same,” Krantz reports. “Seeing Apple and other high-priced stocks retake the century mark is another visible sign of how the market has been repairing itself.”
“A powerful 14% rally kicked off after the market bottomed this year on Feb. 11, helping to ease many investors’ worst fears,” Krantz reports. “Apple shares, which were punished and sent as low as $90.34 on May 12, are now up to $100.28 thanks to a 11% rally over the past week.”
Read more in the full article here.
MacDailyNews Take: The world’s most valuable company can’t be talked down by fomenters forever.
Yay! My retirement investment is finally growing a bit.
Sure the World’s most valuable company CAN be talked down MDN – look at the last two year’s stock performance – simply awful – fingers crossed I will be proven completely wrong and the stock will run like crazy into the iPhone 7 announcements !!
Hey USA Today. You cannot “pulled back” and gain/retake terrirory or as your article says “retake the century mark”. You could have said “pushed back”. Pulling back goes in the other direction – backwards. You move upwards or forward, a rally, when you take or retake former ground.